MP accuses UK’s biggest banks of being ‘far too slow’ to reward savers

PA Wire

The chair of a powerful group of MPs has criticised Britain’s biggest banks for “doing as little as they can get away with” to reward savers, after unveiling their quarterly finances.

Harriett Baldwin, who chairs the Treasury Committee, said the “big four” banks – Barclays, Lloyds Banking Group, NatWest Group and HSBC – have not done enough to pass on higher interest rates to savers.