Motion text
That this House notes recent reports from the Bank of England that banks and financial institutions in the UK currently have more than £170 billion in personal accounts which pay zero interest; further notes that the public purse was used to rescue banks in 2008 and many of the same institutions have social responsibilities which they espouse; and calls upon the Chancellor of the Exchequer to begin discussions immediately with a view to financial institutions making a pre-Christmas 1 per cent interest payment on these accounts via a coupon or voucher redeemable on the High Street, not online, thus providing a boost to local retailers of up to £1.7 billion, boosting consumer confidence at no cost to the public purse.
Signatures (6)
The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
Campbell, Mr Gregory
Democratic Unionist Party
Signed on
2 September 2020
Shannon, Jim
Democratic Unionist Party
Signed on
2 September 2020
Girvan, Paul
Democratic Unionist Party
Signed on
2 September 2020
Robinson, Gavin
Democratic Unionist Party
Signed on
9 September 2020
Donaldson, Sir Jeffrey M
Democratic Unionist Party
Signed on
9 September 2020
Lockhart, Carla
Democratic Unionist Party
Signed on
23 September 2020
There are no withdrawn signatures for this motion.