The Chancellor referred to the regulation of the Financial Services Authority. Another feature I should like to remind him about is the requirement for retail banks to abide by the principles of treating customers fairly. He has announced a very welcome cut in interest rates today, and we hope there will be further cuts to come. Surely, any banks helped by this system should treat their customers fairly by ensuring that those interest rate reductions are passed on to home owners and borrowers.
Financial Stability
Proceeding contribution from
John Greenway
(Conservative)
in the House of Commons on Wednesday, 8 October 2008.
It occurred during Ministerial statement on Financial Stability.
Type
Proceeding contribution
Reference
480 c287
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 23:47:44 +0000
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