BANK PROFITS AND CHARGES

Early day motion 909, tabled 20 February 2007 by Michael Weir (Scottish National Party). Signed by 44 members.

That this House notes the record profits made by Barclays Bank and the expectation that the other major banks are also to announce record profits; further notes that several banks intend to introduce charges on some bank accounts; believes that the nature of such charges, avoidance of which depends on having or holding relatively large sums in accounts would impact most on those on low incomes who have limited funds in their accounts at any one time and will especially hit pensioners and benefit recipients who now receive payments through banks; and calls upon the banks to abandon such plans and upon the Government to ensure that the replacement scheme for the Post Office Card Account allows free banking for those in receipt of pensions and benefits.

Signatures by party: Labour 21, Liberal Democrat 13, Conservative 3, Scottish National Party 3, DUP 2, Social Democratic and Labour Party 1, UUP 1.