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Money Advice Service

Treasury written question – answered on 25th February 2013.

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Photo of Simon Hart Simon Hart Conservative, Carmarthen West and South Pembrokeshire

To ask the Chancellor of the Exchequer

(1) what redundancy payments have been made to staff as a result of the Money Advice Service review; and if he will publish the documentation in relation to the calculation of such payments;

(2) what assessment he has made of the effects of the recent reduction in staffing at the Money Advice Service; how the staffing requirement of the service was estimated when it was established; and if he will publish all documents relating to its strategic review.

Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

The Money Advice Service is an independent body and the Financial Services Authority (FSA) is responsible for approving its business plan and budget.

I have asked the Money Advice Service to respond to the questions that you have raised in writing. A copy of the letter will be placed in the Library of the House.

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