Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to help protect small businesses from bank account closures.

Banking services fulfil a vital role for businesses across the UK.

I recently laid legislation before Parliament which will require banks and other providers to give customers a longer notice period of 90 days before closing accounts and to provide a sufficiently detailed and specific explanation.

This will give people and businesses the time and information they need to challenge decisions or find an alternative provider.