“The regulator has said that bank charges have halved on average since 2007. But we think the banks must move further and faster to treat consumers more fairly. So we will legislate to impose fair charges if progress on this is not good enough.
If re-elected we will bring back – as quickly as possible – our legislation to give consumers a right to take collective legal action against the banks. The Conservatives blocked this in the last week of Parliament in April.
And we will make it easier for everyone to switch their accounts to take advantage of better deals. We’ll do this by bringing in portable account numbers for everyone, which will be transferable like your mobile phone number, to take the hassle out of switching.”
In the meantime, we say, you can make a claim if you are suffering financial hardship. Ask for your free report.