Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 23 January 2018 to Question 123416, when he plans to respond to the Financial Conduct Authority's consultation on widening the remit of the Financial Ombudsman Service.

It is important that small businesses have access to the appropriate forum to address their concerns with the financial services that they have received. The Government therefore welcomes the Financial Conduct Authority’s (FCA) consultation on the remit of the Financial Ombudsman Service (FOS). The FCA are operationally independent of the Government. The remit of the FOS is therefore a matter for the FCA.