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Rachel Reeves MP Articles

Cracking down on overdraft fees

A cap on overdraft fees would stop the big banks using its most vulnerable customers as cash cows, writes treasury select committee member Rachel Reeves MP The big banks have been using some of their most vulnerable customers as a kind of cashpoint-in-reverse for far...

Terror of the Trotskyites

Exclusive extracts from Rachel Reeves’ book on the first woman MP for Leeds reveal Alice Bacon as a fiercely loyal reformist Alice [Bacon], a young woman, a miner’s daughter and teacher, was elected as a member of parliament at the age of 35. The first female MP in...

No more ‘business as usual’

This summer, the Competition and Markets Authority published their report into competition in retail banking. The report was a missed opportunity. One of the major issues, and one of huge concern to me, is the extortionate fees charged by banks on unauthorised...

Defeat for George Osborne

George Osborne is trying to clear the decks for the new Tory leader by getting the government’s mistakes out of the way now. Yesterday he signalled that his great mission of delivering an overall budget surplus by 2020 was to be consigned to history less than a year...