Financial Services And Charges
EDM number 1363 in 2006-07, proposed by Diane Abbott on 26/04/2007.
That this House notes that too many financial service providers charge a premium to the poorest members of the community; notes that these charges include illegal overdraft fines, charges for using cash machines, and the higher amount paid by customers who have electricity and gas meters; observes that these charges greatly impinge on poorer communities; recognises that these forms of charges are in fact worsening levels of poverty and debt and for many people amount to a life sentence of hardship; and calls on the Government to look into ways in which the poorest members of society can be protected from the premium on their poverty.
This motion has been signed by a total of 48 MPs.
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