Life to get easier for bankrupts

Lewis Whyld/PA Wire

The government has announced that it will be introducing new rules to make it easier for banks to offer basic bank accounts to people who have gone bankrupt. The move comes after banks have almost uniformly removed the accounts from bankrupts - leaving Barclays as the only provider.

So why has the government had to take this step, and what does it mean for consumers?%VIRTUAL-SkimlinksPromo%