Last week the government agreed a £500bn rescue package to try and stabilise the UK banking system. But despite the multi-billion pound bail out, the British Bankers' Association has told CYP Now that the sector has not changed its stance on ministers' plans to use cash from accounts that have not been used for at least 15 years to fund community projects.
"Our position hasn't changed and we are still in favour of the Dormant Bank and Building Society Accounts Bill," said a spokeswoman for the association. "Our only concern has been, and still is, that this money is our customers so if an account holder does come back and ask for their money we want to be sure the money can be given back to them."
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
