Bank Services: Gambling

(asked on 14th May 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of proposals to mandate the provision of spending blocks for gambling activity for current accounts.


Answered by
John Glen Portrait
John Glen
Economic Secretary (HM Treasury)
This question was answered on 20th May 2021

The Government recognises the potential merits in mandating the provision of spending blocks which allow gamblers to self-exclude themselves from making payments to gambling operators.

However, in recent years there has been considerable voluntary progress in this area by the industry. Almost all of the largest UK banks, as well as the larger digital banks, now have voluntary gambling block features on their debit cards. This gives consumers a considerable market choice in this area to choose a current account that has the right features for them.

The Government acknowledges that despite the enormous amount that has been achieved by the industry on a voluntary basis, it can go even further. That is why the Government will shortly write to industry to organise a new Ministerial roundtable with the sector to discuss what action has taken place to date and look for opportunities to further support UK consumers.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
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