Question to the HM Treasury:

To ask Her Majesty's Government what plans they have, if any, to help British expatriates whose banking facilities in the UK are being closed as a result of Brexit.

The provision of banking services, including whether UK firms can service EEA-based customers, is a commercial decision for firms based on a variety of factors, including the local law and regulation of individual countries, an assessment of profitability or other commercial drivers. The Government does not intervene in these commercial decisions.

Nonetheless, the Government expects banks to act lawfully and in accordance with local regulators’ expectations. We also expect that banks work to ensure good outcomes for their customers and provide timely communications to enable them to make appropriate decisions.

UK providers are expected to contact impacted customers if they need to make any changes to their product or the way it is provided. We encourage customers with questions or concerns to speak to their banking service provider.