Treasury written question – answered am ar 10 Chwefror 2025.
Steve Darling
Liberal Democrat Spokesperson (Work and Pensions)
To ask the Chancellor of the exchequer, what steps the Government is taking to (a) investigate and (b) raise awareness of (i) unethical and (ii) potentially corrupt practices within the insurance industry.
Emma Reynolds
The Economic Secretary to the Treasury
The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, including insurance firms. Insurers must treat customers fairly under the FCA’s rules. The FCA monitors firms to ensure compliance with its rules and has robust powers to take action where necessary.
Yes2 people think so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
