Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she will discuss support for new mutual banks with Ministerial colleagues in the Department for Business and Trade.

The government is committed to supporting the growth of mutual financial services in line with the manifesto commitment to double the size of the mutual and co-operative sector.

HM Treasury works closely with departments across government, including the Department for Business and Trade, to deliver this commitment. We also engage regularly with the mutuals sector to understand the challenges they face and explore opportunities to help the sector grow.