Jeremy Hunt has given high-street banks a month to prove they are passing on higher interest rates to savers amid growing concerns they are profiteering from the cost of living crisis
has given high-street banks a month to prove they are passing on higher interest rates to savers amid growing concerns they are profiteering from the cost of living crisis.
The Chancellor has agreed a range of “urgent” new measures to ensure regulators better support consumers contending withIt comes after Mr Hunt held a meeting with regulators to crackdown on markets that may be trying to increase profit margins off the back of higher prices and aIn a statement, Mr Hunt said: “I am pleased we’ve secured agreement with the regulators to act urgently in areas where consumers need most support to ensure they are treated fairly.
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