Monopolies and Mergers Commission

Part of Oral Answers to Questions — Trade – in the House of Commons am 12:00 am ar 27 Hydref 1980.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Tony Marlow Mr Tony Marlow , Northampton North 12:00, 27 Hydref 1980

Will my right hon. Friend refer without delay the clearing banks to the commission, as they have started charging their customers quarterly interest without paying their depositors quarterly interest? That leads to an additional rate of interest to most captive customers of up to ½ per cent. a year. That is unacceptable and is an abuse of the monopoly power that the banks undoubtedly have.