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UK banks’ trust account exodus cuts lifeline for disabled people, says charity

www.theguardian.com 22-12-2024 01:00 0.5 Minutes reading

Customers face ‘severe consequences’ as banks and building societies close accounts typically set up to help vulnerable people

People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf.

Victims awarded personal injury settlements and those with learning difficulties are among those facing “severe consequences” as accounts are closed or frozen by high street banks and building societies, according to campaigners.

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British Chambers of Commerce asks for policy ‘reset’ after poll finds companies want greater flexibility

Many exporters are still struggling with post-Brexit trading rules, the British Chambers of Commerce (BCC) has said, as it urges the government to press ahead with an EU “reset” in the new year.

In a survey of more than 1,000 of its member companies, the BCC found just 15% said the trade and cooperation agreement (TCA) with the EU, signed by Boris Johnson on Christmas Eve 2020, had helped them to grow sales with the EU.

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