Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education



Front Page

World

UK

UK Politics

Business

Sci/Tech

Health

Education

Sport

Entertainment

Talking Point

In Depth

On Air

Archive
Feedback
Low Graphics
Help

Monday, September 27, 1999 Published at 14:07 GMT 15:07 UK


UK Politics

Pledge to end 'rip-off Britain'

Bank charges are under government scrutiny

Chancellor Gordon Brown has pledged to stand up to banks and big business to defend the rights of individual consumers and small firms.

In his speech to the Labour Party conference, the chancellor promised to take tough action to end anti-competitive practices and over-charging.

Conference99
He pledged that Labour would replace "rip-off Britain" with a "fair-deal Britain for the future."

The chancellor insisted that the publication of the government's banking review later this year would lead to the stamping out of practices which held back business and penalised consumers.

"Too often in the old Britain, monopolies, cartels and cliques have overcharged people, pushed prices far above what consumers pay in America and elsewhere," he said.

"In the new Britain of enterprise open to all, we will expose and end anti-competitive practices.

"We will stand on the side of consumers, for the first time publish league tables comparing all key charges for financial services."

"Never again will we allow the retirement plans of tens of thousands of Britain's working people to be ruined by the mis-selling of pensions."

'Unco-operative banks'


[ image: The chancellor says Labour will take on price-fixing cartels]
The chancellor says Labour will take on price-fixing cartels
The government has previously promised to investigate why the same goods are sold at significantly higher prices in British shops than outlets abroad.

It is also undertaking a review of the practices and charging policies of high street banks.

The job of leading the review was given to former telecoms regulator, Don Cruickshank.

In an interim report in July, he said that his work was being hampered by a lack of co-operation from the banks.





Advanced options | Search tips




Back to top | BBC News Home | BBC Homepage | ©


UK Politics Contents

A-Z of Parliament
Talking Politics
Vote 2001

Relevant Stories

27 Sep 99 | UK Politics
Brown: We've only just begun

27 Sep 99 | UK Politics
Gordon Brown's speech in full

26 Sep 99 | The Economy
Brown aims for jobs for all

24 Sep 99 | UK Politics
Brown-Blair feud resurfaces

22 Jul 99 | The Economy
'Unco-operative' banks under fire

22 Jul 99 | Your Money
Not a moving account





Internet Links


Labour Party

HM Treasury


The BBC is not responsible for the content of external internet sites.




In this section

Livingstone hits back

Catholic monarchy ban 'to continue'

Hamilton 'would sell mother'

Straw on trial over jury reform

Blairs' surprise over baby

Conceived by a spin doctor?

Baby cynics question timing

Blair in new attack on Livingstone

Week in Westminster

Chris Smith answers your questions

Reid quits PR job

Children take over the Assembly

Two sword lengths

Industry misses new trains target