Gill Furniss – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Gill Furniss on 2016-07-13.

To ask Mr Chancellor of the Exchequer, what steps he is taking to limit the level of overdraft charges for people in financial difficulties.

Simon Kirby

It is important that overdraft charges are fair and that customers can access clear information about overdrafts.

The Competition and Markets Authority’s investigation into retail banking is considering the issue of overdrafts. The Government stands ready to take action after the CMA publishes its report.

And we have already taken steps to support customers in financial difficulty. For example, truly fee-free basic bank accounts have been available since January 2016.