HM Treasury written question – answered at on 13 November 2014.
Richard Graham
Conservative, Gloucester
To ask Mr Chancellor of the exchequer, what recent discussions he has had with the Financial Conduct Authority (a) on the clarity of and (b) improving competition in the mortgage market.
Richard Graham
Conservative, Gloucester
To ask Mr Chancellor of the exchequer, what representations he has received about the clarity of fees and charges and ease of comparison in the mortgage market.
Richard Graham
Conservative, Gloucester
To ask Mr Chancellor of the exchequer, what discussions he has had with the mortgage industry and consumer groups about making price comparison easier for consumers.
Andrea Leadsom
The Economic Secretary to the Treasury
The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it feels are needed to promote consumer protection, transparency and competition.
Yes0 people think so
No3 people think 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.
