( July 28, 2023, 08:49 GMT | Official Statement) -- MLex Summary: Banks “don’t seem to have any trouble” passing on higher rates to borrowers but continue to pay poor rates on easy-access savings accounts, UK lawmaker Harriett Baldwin said. In a statement commenting on the results from major retail banks, which generally are seeing increased profits in a time of higher rates, Baldwin, chair of UK Parliament’s Treasury Committee, said the “time for foot-dragging and weak excuses” on low savings rates is over.Statement follows...
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