HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …
Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs
Other Commons Chamber appearances can be:Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue
Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.
HM Treasury does not have Bills currently before Parliament
A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.
This Bill received Royal Assent on 21st July 2025 and was enacted into law.
A Bill to make provision about secondary Class 1 contributions.
This Bill received Royal Assent on 3rd April 2025 and was enacted into law.
A Bill to make provision about finance.
This Bill received Royal Assent on 20th March 2025 and was enacted into law.
A Bill to amend the Crown Estate Act 1961.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.
This Bill received Royal Assent on 16th January 2025 and was enacted into law.
A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.
This Bill received Royal Assent on 10th September 2024 and was enacted into law.
A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.
This Bill received Royal Assent on 30th July 2024 and was enacted into law.
e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.
If an e-petition reaches 10,000 signatures the Government will issue a written response.
If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).
Raise the income tax personal allowance from £12,570 to £20,000
Gov Responded - 20 Feb 2025 Debated on - 12 May 2025Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.
Don't change inheritance tax relief for working farms
Gov Responded - 5 Dec 2024 Debated on - 10 Feb 2025We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.
Don't apply VAT to independent school fees, or remove business rates relief.
Gov Responded - 20 Dec 2024 Debated on - 3 Mar 2025Prevent independent schools from having to pay VAT on fees and incurring business rates as a result of new legislation.
Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.
At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.
Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.
The independent Office for Budget Responsibility does not expect that the reform to property income tax will have a significant impact on rental prices.
The Government has engaged with a range of stakeholders on business rates in advance of the Budget and continues to do so.
The UK is a great place to start a business, with the third largest venture capital market after the US and China, generous tax reliefs for investors in early-stage companies and the lowest corporation tax rate in the G7. Over the last financial year, 800,000 new businesses incorporated.
In the Budget, the Chancellor built on these strengths by expanding our enterprise tax reliefs to incentivise investment in scaling firms and support them to attract top talent, by targeting British Business Bank investment towards these companies, and by committing to public procurement reforms to make the UK government a better customer to innovative businesses.
HM Treasury will continue to monitor the implementation of Budget measures and analyse their impact on the wider economy to inform future policy development.
Installations of qualifying energy-saving materials (ESMs) in residential accommodation and buildings used solely for a charitable purpose benefit from a temporary VAT zero rate until March 2027, after which they will revert to the reduced rate of VAT at five per cent. The list of qualifying ESMs, which includes but is not limited to heat pumps, can be found here: https://www.gov.uk/guidance/vat-on-energy-saving-materials-and-heating-equipment-notice-7086.
The Government assesses whether to add ESMs to this relief by evaluating them against the following tests: the primary purpose of the technology must be to improve energy efficiency and reduce carbon emissions; relieving the technology of VAT must be a cost effective lever for encouraging installations; and it must be practical for business to operate and for HMRC to administer.
Vehicles used or kept on public roads pay Vehicle Excise Duty (VED). Cars registered on or after 1 April 2017 pay a variable first year VED rate according to the emissions of the vehicle, before moving to a standard annual rate after the first year.
For certain vehicle classifications, such as heavy goods vehicles (HGVs), VED liability is calculated in accordance with the vehicle's weight in order to reflect in part the road damage caused by heavier vehicles. However, this is not the case for cars, due in part to their relatively lower impact on road damage compared to heavier vehicles.
When making changes to the tax system, the Government considers a range of trade-offs, such as complexity in the tax system and administrative burdens.
The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.
At Budget 2025, the government announced that, to allow more time for the sector to prepare for and adapt to the proposed changes in treatment to Employee Car Ownership Schemes (ECOS), its implementation will be delayed to 6 April 2030, with transitional arrangements until April 2032.
The government has published a tax impact and information note, which can be found here:
Vehicle Excise Duty (VED), sometimes known as 'road tax' or 'vehicle tax', is a tax on vehicles used or kept on public roads. Different rates apply to cars, vans, and motorcycles, and the rate for each vehicle is calculated according to a range of factors, such as its date of first registration, weight, or CO2 emissions.
As announced by the government at Budget, from 1 April 2026, VED rates for cars, vans, motorcycles and heavy goods vehicles (HGVs) will be uprated in line with the Retail Price Index (RPI) in 2026-27.
It is vital that consumers have access to motor finance to enable them to spread the cost of a vehicle in a way that is manageable and affordable. The Government wants to see this issue resolved in an efficient and orderly way that provides certainty for consumers and firms.
The Financial Conduct Authority (FCA), as independent regulator, has set out its proposals for a motor finance redress scheme. In its consultation, the FCA has set out how it expects consumers to be appropriately redressed. The FCA also sets out proposals on how firms should support vulnerable consumers, and address any gaps in their records, and what controls should be in place to ensure they operate the scheme in a fair and transparent way.
Throughout the consultation period which closed on December 12, the government has encouraged all stakeholders to fully engage with the process so that their views can be considered by the FCA. The FCA has indicated it will finalise the rules of the scheme in February or March 2026.
It is vital that consumers have access to motor finance to enable them to spread the cost of a vehicle in a way that is manageable and affordable. The Government wants to see this issue resolved in an efficient and orderly way that provides certainty for consumers and firms.
The Financial Conduct Authority (FCA), as independent regulator, has set out its proposals for a motor finance redress scheme. In its consultation, the FCA has set out how it expects consumers to be appropriately redressed. The FCA also sets out proposals on how firms should support vulnerable consumers, and address any gaps in their records, and what controls should be in place to ensure they operate the scheme in a fair and transparent way.
Throughout the consultation period which closed on December 12, the government has encouraged all stakeholders to fully engage with the process so that their views can be considered by the FCA. The FCA has indicated it will finalise the rules of the scheme in February or March 2026.
The Government publishes annual statistics on HMRC’s taxable benefits in kind for company cars and company car fuel. These reports document the number of benefit in kind recipients, the CO2 emissions of company cars and their total taxable value. The latest statistics for the tax year 2023-24 were published in June 2025, and are accessible here: https://www.gov.uk/government/statistics/benefits-in-kind-statistics-june-2025/benefit-in-kind-statistics-commentary-june-2025
Additionally, at Budget 2024 the Government announced new Company Car Tax rates for the years 2028-29 and 2029-30, which increase for both electric vehicles (EVs) and petrol/diesel vehicles, while still maintaining generous incentives to support EV take-up. The Tax Information and Impact Note (TIIN) published alongside Budget set out the expected economic, equalities and other impacts, and highlighted that overall the measure was expected to encourage the take-up of zero emission vehicles.
Due to the difficulty of disaggregating the number of staff who are employed to produce social media content from staff who are employed to work on broader digital communications, it is not possible to report exact figures in response to this question.
The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime. To protect consumers, under the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has introduced a mandatory reimbursement regime for Authorised Push Payment (APP) scams taking place over the Faster Payment system. This came into force on 7 October 2024. The details of the APP reimbursement regime are a matter for the independent PSR.
Transactions that occurred before 7 October 2024, may be governed by the Contingent Reimbursement Model (CRM), a voluntary code signed by the UK’s largest banks and building societies that came into force in May 2019. However, it is important to note that not all banks or building societies are party to the CRM code. The CRM code is overseen by the Lending Standards Board and more information can be found on their website.
The net zero target in the Climate Change Act 2008, is a target for the whole of the UK, not individual departments or arms-length bodies.
Greening Government Commitments are the central framework setting out the actions UK government departments and their agencies will take to reduce their impacts on the environment, including setting targets to reduce emissions, during the framework period.
The previous framework and emission reduction targets covered the period 2021 - 2025. Under this framework HM Treasury had a target to reduce its overall emissions by 69% and direct emissions by 25%, against a 2017-2018 baseline.
Defra are reviewing the Greening Government Commitments to ensure that they remain aligned with government priorities.
Information regarding the Treasury’s targets and performance on operational activity relating to climate adaptation, sustainability, and the environment (CASE-Ops) can be found in ANNEX B: Sustainability in the 2024-25 Annual Report and Accounts on pages 223 to 229 at : www.gov.uk/government/publications/hm-treasury-annual-report-and-accounts-2024-to-2025
At the Budget, the Valuation Office Agency (VOA) announced updated property values from the 2026 revaluation. Music venues are valued in the same way as any other class of non-domestic property, through applying the statutory and common law principles that apply across non-domestic rating.
Some properties, including in the retail, hospitality and leisure sectors, have seen their rateable values increased. This is in part because the last revaluation updated rateable values to align with market values at 1 April 2021 – during the COVID pandemic. This meant rateable values were lower due to the atypical economic situation the pandemic created. This latest revaluation reflects a post Covid world, which has led to significant increases in rateable values for some properties.
To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
At the Budget, the Valuation Office Agency (VOA) announced updated property values from the 2026 revaluation. Music venues are valued in the same way as any other class of non-domestic property, through applying the statutory and common law principles that apply across non-domestic rating.
Some properties, including in the retail, hospitality and leisure sectors, have seen their rateable values increased. This is in part because the last revaluation updated rateable values to align with market values at 1 April 2021 – during the COVID pandemic. This meant rateable values were lower due to the atypical economic situation the pandemic created. This latest revaluation reflects a post Covid world, which has led to significant increases in rateable values for some properties.
To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
At the Budget, the Valuation Office Agency (VOA) announced updated property values from the 2026 revaluation. Music venues are valued in the same way as any other class of non-domestic property, through applying the statutory and common law principles that apply across non-domestic rating.
Some properties, including in the retail, hospitality and leisure sectors, have seen their rateable values increased. This is in part because the last revaluation updated rateable values to align with market values at 1 April 2021 – during the COVID pandemic. This meant rateable values were lower due to the atypical economic situation the pandemic created. This latest revaluation reflects a post Covid world, which has led to significant increases in rateable values for some properties.
To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
Forecasting the UK economy, including the outlook for inflation and economic growth, is the responsibility of the independent Office for Budget Responsibility (OBR). The government set out how the economic outlook is factored into fiscal and economic planning it its autumn budget published on 26 November. Key points include:
- According to the OBR, inflation is past its peak and measures taken by the government will reduce inflation by 0.4 percentage points in 2026-27, including by lowering energy bills by around £150 from next April for the average household, and freezing regulated rail fares and prescription charges.
- The Chancellor has reaffirmed the Bank of England’s 2% Consumer Price Inflation (CPI) inflation target.
- While the Bank has overall responsibility for returning inflation to target, the government is also fully committed to tackling inflation. The most effective lever to achieve this is through responsible fiscal strategy.
- Stable prices give businesses the confidence to invest and supports the independent BoE Monetary Policy Committee (MPC), who have cut Bank Rate six times since the election.
Business rates is a devolved policy area. Therefore, the new retail hospitality and leisure multipliers will apply in England only.
The Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.
The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.
The Call for Evidence, published at the Budget in November 2025, focuses on how reform of the business rates system can be used to incentivise and secure more investment by Britain’s businesses. This Call for Evidence builds on the findings of the Transforming Business Rates: Discussion Paper and asks stakeholders for more detailed evidence on how the business rates system influences investment decisions.
Any reforms taken forward will be phased over the course of the Parliament.
At the Budget, the VOA announced updated property values from the 2026 revaluation. Some properties, including in the retail, hospitality and leisure sectors, have seen their rateable values increased. This is in part because the last revaluation updated rateable values to align with market values on 1 April 2021 – during the CVOID pandemic. This meant rateable values were lower due to the atypical economic situation the pandemic created. This latest revaluation reflects a post Covid world, which has led to significant increases in rateable values for some properties.
To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, while ensuring that warehouses used by online giants will pay more. The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid.
Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice. The TIIN sets out the impact on employees and employers and is available here: https://www.gov.uk/government/publications/salary-sacrifice-reform-for-pension-contributions-effective-from-6-april-2029/salary-sacrifice-reform-for-pension-contributions
As set out in the TIIN, men are more likely to be using pensions salary sacrifice than women – 59% of pensions salary sacrifice users are men.
The cap protects 65% of women using salary sacrifice for their pensions contributions, compared to 50% of men.
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice. The TIIN sets out the impact on employees and employers and is available here: https://www.gov.uk/government/publications/salary-sacrifice-reform-for-pension-contributions-effective-from-6-april-2029/salary-sacrifice-reform-for-pension-contributions
As set out in the TIIN, men are more likely to be using pensions salary sacrifice than women – 59% of pensions salary sacrifice users are men.
The cap protects 65% of women using salary sacrifice for their pensions contributions, compared to 50% of men.
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice. The TIIN sets out the impact on employees and employers and is available here: https://www.gov.uk/government/publications/salary-sacrifice-reform-for-pension-contributions-effective-from-6-april-2029/salary-sacrifice-reform-for-pension-contributions
As set out in the TIIN, men are more likely to be using pensions salary sacrifice than women – 59% of pensions salary sacrifice users are men.
The cap protects 65% of women using salary sacrifice for their pensions contributions, compared to 50% of men.
Ensuring everyone has access to the financial services and products they need is a key priority for the Government. This is why we recently published the Financial Inclusion Strategy setting out a range of measures to improve financial inclusion and resilience for underserved groups across the UK.
The Chancellor recognised the Financial Conduct Authority’s (FCA) role in reinforcing financial inclusion in the most recent remit letter, which asks them to have regard to the Government’s priorities in relation to this. The FCA is required to respond annually to the remit letter and in its most recent response, published in July 2025, Nikhil Rathi (FCA CEO) emphasised the FCA’s support for the Government’s Financial Inclusion Strategy which was developed with input from a committee of consumer and industry representatives, including the FCA given their key role in the sector.
The FCA has a range of powers which it is using to promote financial inclusion and resilience and will play a key role in the delivery of several interventions within the strategy. We continue to engage closely with the FCA on this and the successful implementation of the strategy more broadly.
The Government carried out engagement with a range of stakeholders on business rates ahead of the budget and continues to do so.
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.
At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties. To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.
The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.
Without Government support, pubs would have faced a 45% increase in the total bills they pay next year. However, because of the support the Government has put in place, this has fallen to just 4%.
The Government carried out engagement with a range of stakeholders on business rates ahead of the budget and continues to do so.
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.
At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties. To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.
The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.
Without Government support, pubs would have faced a 45% increase in the total bills they pay next year. However, because of the support the Government has put in place, this has fallen to just 4%.
In early November, the Government published its Financial Inclusion Strategy, setting out an ambitious programme of measures to improve financial inclusion and resilience for underserved groups across the UK. This includes interventions by both Government and industry to address barriers individuals and households face in accessing financial products, such as supporting people to open a bank account, build a savings habit, and access affordable credit
As part of developing the strategy, the Government has engaged with Financial Inclusion Committee members and other organisations on how best to measure its implementation and impact. The strategy is expected to have a positive impact on a range of outputs including, for example the proportion of UK adults who are unbanked
The strategy’s implementation will be reviewed in two years’ time, providing an update on delivery of the interventions and on relevant outcomes‑based metrics, which will reflect the progress made across the sector
The Government recognises that improving financial inclusion requires a joined‑up approach and will continue to work closely with industry, the Financial Conduct Authority and wider stakeholders as we implement the strategy.
The Government is working closely with industry and regulators to ensure that the adoption of Artificial Intelligence (AI) systems by banks is aligned with existing financial services consumer protections and regulatory standards.
The treatment of customers by UK banks and building societies is governed by the Financial Conduct Authority (FCA), the independent regulator of the UK’s financial services sector. The FCA’s Principles for Businesses require firms to deliver a prompt, efficient, and fair service to all customers. In addition, the FCA’s Consumer Duty requires firms to act in good faith, avoid foreseeable harm, and act in consumers’ best interests.
The use of AI, including agentic AI, does not absolve firms from their regulatory responsibilities or the need to comply with relevant laws and regulations.
In April 2024, the FCA published an update to its regulatory approach to AI, making clear that where firms use AI as part of their business operations, they remain responsible for ensuring compliance with FCA rules.
The Government is committed to minimising administrative burdens and frictions experienced by businesses trading internationally and is engaging with key stakeholders to better understand their needs for the future operation of the UK border.
The Government does not have a definitive timeframe for the implementation of the Single Trade Window, though traders are able to submit import and export documentations electronically via the Customs Declaration Service.
Funding for the Neighbourhood Policing Guarantee announced on 4 December is being met from within the Home Office settlement agreed at Spending Review 2025. At Spending Reviews, the Barnett formula is applied to the overall change in UKG departments DEL budget. Because the formula is not applied to individual programmes, the consequentials associated with these individual programmes cannot be identified.
The Equitable Life Payment Scheme has been fully wound down and closed since 2016. The only remaining part of the Payment Scheme in operation is the annual payments made to eligible With-Profit-Annuitants and the Scheme is on track to distribute the remainder of the £1.5 billion as planned.
The Government remains determined to ensure Russia is held accountable for the damage it has caused, and continues to cause, in Ukraine.
We will continue work and coordinate with G7 and EU partners to ensure that Ukraine gets the funding it needs, ensuring any options developed by the Government are in line with international law.
We continue to pledge that Russia's sovereign assets will remain immobilised until they cease the war and pay compensation to Ukraine.
The Treasury is aware of the Bank Confidential report about former misconduct in SME banking by the NatWest Group. The Government also recognises the serious impact that historical issues of misconduct have had on small businesses, and we acknowledge the significant distress and hardship this has caused to many business owners.
Successive Governments, as well as the Financial Conduct Authority, working with lenders, have taken steps that aimed to address these issues. This included helping to establish and support a range of compensation and redress schemes to enable those affected to seek appropriate compensation, with redress over interest rate hedging rate disputes alone paying out more than £2bn to affected customers.
As I set out in my previous response, the Government keeps the financial services regulatory framework under ongoing review, working closely with the Financial Conduct Authority.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.
HM Treasury does not publish individual representations on behalf of respondents.