Asked by: Peter Gibson (Conservative - Darlington)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions his Department has had with the Financial Conduct Authority on the effect of the Financial Services Compensation Scheme levy on client-focused independent financial advisers.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Treasury and the Financial Conduct Authority (FCA) both share the objective to ensure that the market for financial advice works well and are in regular discussions with one another about relevant developments in the market. We are aware of concerns about the effect of the increased Financial Services Compensation Scheme (FSCS) levy on financial advisers. We are working closely with the FCA, who are monitoring the issue and engaging with the financial advice sector to understand their concerns.
Asked by: Peter Gibson (Conservative - Darlington)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the effect of free ports on the level of international trade.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The government plans to establish Freeports across the UK. These will be national hubs for trade, innovation and commerce, regenerating communities across the UK. They can attract new businesses, spreading jobs, investment and opportunity to towns and cities up and down the country.
Our Freeports consultation response, published on Wednesday 7 October, sets out in more detail how Freeports will unleash the potential of ports across the country.