Bank Services: Business
2026-06-21 · Treasury · 11633 · Official question
Question
To ask the Chancellor of the Exchequer, if she will ensure the FCA reports on the number of businesses which close down each year due to a lack of banking facility, broken down by sector.
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...