Question

To ask the Secretary of State for Business, Innovation and Skills, how much and what proportion of the total annual expenditure of the Financial Reporting Council was spent on activities relating to the motor insurance market in each of the last 10 years for which figures are available.

I understand that the Hon Member has already been in correspondence with the Financial Reporting Council (FRC) on this issue.

The FRC publishes annual reports on its activity and in addition reports to parliament on the exercise of its statutory functions.