Bank Services: Business
2026-06-21 · Treasury · 11629 · Official question
Question
To ask the Chancellor of the Exchequer, what estimate she has made of the number of businesses who had a bank account closed in each of the last 5 years by reason for closure.
Answer
Generally speaking, it is economically beneficial for banks to provide business bank accounts, as this provides an important source of funding for their activities, such as funding their costs in relation to providing mortgages, consumer and business cred...