To ask the Chancellor of the Exchequer, what discussions his Department has had with local authorities using procurement processes to obtain banking services on the number of banks engaging in the procurement process.
Answered by
Andrew Griffith Shadow Secretary of State for Business and Trade
This question was answered on 7th November 2022
The decisions about what products are offered and to whom, including Local Authorities, remain commercial decisions for banks and building societies and it would be inappropriate for Government to intervene in these decisions. The Government encourages Local Authorities to engage with banks regarding the services available.