
Harriett Baldwin
Use attributes for filter ! | |
Gender | Female |
---|---|
Age | 64 |
Web site | www.harriettbaldwin.com |
Date of birth | May 2,1960 |
Zodiac sign | Taurus |
Born | Watford |
United Kingdom | |
Spouse | James Stanley Baldwin |
Party | Conservative Party |
Office | Minister of State for Africa |
Books | Growth, Growth, Growth: New Ideas for Growth and Prosperity in the 21st Century |
Job | Politician |
Official site | parliament.uk |
Position | Member of Parliament of the United Kingdom |
Member of Parliament of the United Kingdom since 2010 | |
Education | University of Oxford |
Marlborough College | |
Previous position | Minister of State for Africa (2018–2019), City Minister at HM Treasury of the United Kingdom (2015–2016) |
Date of Reg. | |
Date of Upd. | |
ID | 451806 |
Harriett Baldwin Life story
Harriett Mary Morison Baldwin is a British Conservative Party politician serving as Member of Parliament for West Worcestershire since 2010. Baldwin was Minister of State for Africa and International Development between January 2018 and July 2019. In 2022, Baldwin was elected Chair of the Treasury Select Committee.
Banks accused of dragging their feet over fraud refunds, says MP

... Harriett Baldwin s comments come as newly published figures name, for the first time, individual banks to show how much money they refund...
Big banks accused of doing little for savers

... Harriett Baldwin, who chairs the Treasury Committee, said: " The big four banks have been far too slow to reward savers through better rates on instant access savings accounts...
Banks warned over 'weak excuses' for savings rates

... Harriett Baldwin, who chairs the Treasury Select Committee, said: " The time for weak excuses is over...
Banks accused of 'measly' interest rates on savings

... " It is clearer than ever that the nation s biggest banks need to up their game and encourage saving, " said Harriett Baldwin, who chairs the committee...
Treat cryptocurrency investing as gambling, MPs say

... MP Harriett Baldwin, chairwoman of the committee, said the report recommended " that the sort of speculative luring of people into buying particular crypto currencies" was treated like gambling...
Banks warned over 'weak excuses' for savings rates
Banks have been condemned for " weak excuses" over customers' savings as MPs Step Up pressure on providers to pass on higher interest rates.
Harriett Baldwin , who chairs the Treasury Select Committee, said: " The Time for weak excuses is over. "
The financial regulator also said it would soon look at whether minimal returns for loyal savers were offering fair value.
Banks said they were providing a range of deals at competitive rates.
MPs on The Committee have been pressing banks and building societies to give a better deal for savers as interest rates have risen, through a series of hearings and letters.
While an average new two-year fixed rate mortgage has an interest rate of 6. 78%, a typical instant access savings account has an interest rate of 2. 62%, according to the financial information service Moneyfacts.
The Bank of England has lifted interest rates to 5%.
" If The High street banks continue to pay poor savings rates on their instant access accounts, they should make sure their customers know that better rates are available, " Ms Baldwin said, describing the subject as of " utmost importance" to The Committee .
Lenders stressed that accounts for regular savers, or those that lock money in for a set period of time, gave much better returns than instant-access products.
The average one-year fixed savings rate Is 5 . 1%.
Customers were being alerted to these deals offering higher rates, banks said.
Previous figures from The Bank of England show that billpayers dipped into bank and savings accounts at a record level in May. There was £4. 6bn more withdrawn than paid into bank and building society accounts.
That was the highest level seen since comparable records began 26 Years ago.
The Treasury Select Committee has consistently raised concerns about whether The Rising Bank of England benchmark interest rate is being passed on in full to savers.
Nikhil Rathi , chief executive of the Financial Conduct Authority (FCA), which regulates the sector, said that a new Consumer Duty would ensure that customers were made more aware whether they could get a better deal from their current provider.
" We will expect firms to have a strategy to ensure their customers are adequately informed of available rates across their product set and how they may benefit from switching to an alternative, " He Said in a letter to The Committee .
Some of the lowest rates are paid to those who leave money in the same savings account for years.
In his letter, Mr Rathi said it would be considering " the question as to whether savings accounts for loyal customers which pay close to zero offer fair value" when new regulations come into force at The End of the month.
Related TopicsSource of news: bbc.com