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.
Recent Documents related to Bank Services: Gambling

1. Consolidated budgeting guidance 2020 to 2021
26/03/2020 - HM Treasury
- View source

Found: Overview: introduction to budgeting 4 Chapter 2 Spending Control 32 Chapter 3 Resource Budget 51 Chapter

2. The Office for Budget Responsibility and Charter for Budget Responsibility
17/01/2019 - Parliamentary Research

Found: Responsibility and the fiscal targets 10 3.1 The current fiscal targets 10 3.2 The objective for fiscal

3. Consolidated budgeting guidance 2019 to 2020
11/07/2019 - HM Treasury
- View source

Found: arrangements Annex A Difference between budgets and accounts Annex B Debt Management Guidance 2 Annex C

4. Social and Economic Impact of the Gambling Industry
31/03/2020 - Inquiry: Social and Economic Impact of the Gambling Industry - Gambling Industry Committee
- View source

Found: BY THE COMMITTEE Routine analysis of customer spending on gambling We undertake two levels of analysis

5. Opposition day debate: Health and local public health cuts
13/05/2019 - Parliamentary Research

Found: Care Act 2012 transferred responsibility for the provision of a range of public health services from the

Latest Documents
Recent Speeches related to Bank Services: Gambling

1. Financial Services Bill
14/04/2021 - Lords Chamber

1: response are discouraged, but any Member wishing to ask such a question must email the clerk. The groupings - Speech Link
2: the effect that a relevant credit activity becomes a regulated activity for the purposes of that Act.(2) - Speech Link
3: scrutinise and comment on the Government’s proposals. I therefore ask that your Lordships support this amendment - Speech Link

2. Finance (No. 3) Bill
20/11/2018 - Commons Chamber

1: prescribed date’ means the date prescribed in regulations made by statutory instrument by the Secretary of State(5) - Speech Link
2: of gaming provisions—“(1) The Chancellor of the Exchequer must review the public health effects - Speech Link
3: months after the passing of this Act, the Chancellor of the Exchequer must lay before the House of Commons - Speech Link

3. Review of the Gambling Act 2005
22/07/2021 - Commons Chamber

1: lead this Adjournment debate on the review of the Gambling Act 2005. I refer Members to my entry in the Register - Speech Link
2: directly and indirectly, and the taxation to the Exchequer; it is also about the contribution of the industry - Speech Link
3: he agree that there is an issue with offshore gambling organisations, which are not illegal, and that - Speech Link

4. No-deal Brexit: Short Positions against the Pound
30/09/2019 - Commons Chamber

1: (Urgent Question): To ask the Chancellor of the Exchequer if he will make a statement on short positions - Speech Link
2: until this morning. On the other hand, the former Chancellor has expressed his concern, saying that the Prime - Speech Link
3: hon. Gentleman referenced the former Chancellor of the Exchequer. I am grateful to the right hon. Member - Speech Link

5. Finance (No.2) Bill (Third sitting)
27/04/2021 - Public Bill Committees

1: new Schedules relating to: the impact of any provision on the financial resources of families or to the - Speech Link
2: impact of section 98—“(1) The Chancellor of the Exchequer must review the impact on investment - Speech Link
3: bulldozers and cranes in the construction industry. It accounts for around 15% of all diesel used in the UK and - Speech Link

Latest Speeches
Recent Questions related to Bank Services: Gambling
1. Made Smarter: North East
asked by: Chi Onwurah
... how much funding will be allocated to the Made Smarter Adoption North East scheme; and how many (a) small and (b) medium sized businesses that scheme will support.

2. Made Smarter: North East
asked by: Chi Onwurah
... what steps he is taking to maximise the awareness of the Made Smarter Adoption North East scheme among SMEs in the manufacturing sector; and what progress he has made on establishing the criteria for assessing the effectiveness of that scheme.

3. Made Smarter Review
asked by: Lord Myners
...To ask Her Majesty's Government what is their timetable for implementing the recommendations of the Made Smarter Review.

4. Made Smarter Review
asked by: Lord Taylor of Warwick
... published on 30 October 2017.

5. Made Smarter Review
asked by: Bim Afolami
... what engagement his Department has had with the part-time distance learning sector on delivering the recommendations made in the final report of the Made Smarter Review.

Latest Questions