My hon. Friend will know that the Government have introduced many initiatives to increase competition in the banking sector. Just today we heard that Tesco Bank will enter the current account market next year, creating hundreds of jobs in Scotland. That is welcome news, and other innovations such as current account switching also help to engender more competition. I do not think any of us know what the situation might look like in the future, but I am sure a future Government will take that into account in 2020, and beyond, and see whether any further measures are required.
Financial Services (Banking Reform) Bill
Proceeding contribution from
Sajid Javid
(Conservative)
in the House of Commons on Wednesday, 11 December 2013.
It occurred during Debate on bills on Financial Services (Banking Reform) Bill.
Type
Proceeding contribution
Reference
572 c291
Session
2013-14
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2017-03-22 16:04:57 +0000
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