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UK banks are too slow in rewarding savers, Treasury Committee chair says

( October 30, 2023, 11:43 GMT | Official Statement) -- MLex Summary: UK banks are “trying to do as little as they can get away with” in passing on higher interest rates to savers, an influential lawmaker said today. Harriett Baldwin, chair of UK Parliament’s Treasury Committee, said the largest lenders have been “far too slow to reward savers through better rates on instant access savings accounts,” following the publication of quarterly reports from the UK’s leading banks over the last week....

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