Anneliese Dodds MEP

The South East's Voice in Europe

MEPs vote to save UK business £480m

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Anneliese, along with other Labour MEPs voted for to cap credit and debit card fees, saving British business £480m a year - but UKIP MEPs voted against this. 

Currently, every time you use a credit or debit card in a shop, the shopkeeper is charged -- the shopkeeper's bank charges your bank for the cost of processing the payment. The new legislation that Labour MEPs voted for yesterday means that from September 2015, this charge will be capped at 0.2% of the transaction value for debit cards, and 0.3% of the transaction value for credit cards.

Anneliese, who is a member of the European Parliament economic and monetary affairs committee, said: "This will be great news for British shopkeepers and British shoppers alike - with the fees charged for using credit and debit cards capped once and for all. Thanks to action taken by Labour MEPs at a European level, the costs of doing business will come down - and prices should fall too.

"It is therefore incredibly disappointing that yet again Nigel Farage and his fellow UKIP MEPs have voted against European action that will benefit British businesses and British people.

"If UKIP had had their way, costs would have remained far too high for British shopkeepers and shoppers alike, and the only people who would have benefitted would have been banks and credit card companies.

"UKIP pretend to be on the side of those who work hard, but when it comes down to votes like these we see whose side they're really on.

"Unlike UKIP, Labour MEPs are standing up to vested interests, for the benefit of British businesses and British families. Thanks to this new law, UK shoppers' lives will be a little clearer, a little fairer and a lot cheaper."

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