'The FCA are quite right' CPhilpOfficial MP tells KayBurley that it is 'wrong' that traditional banks haven't increased the rates that they are paying savers, despite the Bank of England base rate going up 📺 Sky 501, Virgin 602 and YouTube
The change in the regulatory demands of lenders forces them to put consumers at the heart of what they do.Treasury committee chair, Harriett Baldwin, said:"With interest rates on the rise and our constituents feeling squeezed by rising prices, it is only right that the UK's biggest banks step up their measly easy access savings rates."
"For our constituents who are, perhaps, not comfortable with internet banking... we think that these customers are being particularly badly treated," she said.
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