Oral QuestionDepartment for International Trade

“What recent steps her Department has taken to increase the export of British financial services.”

Tabled: 25 November 2021Answered: 2 December 2021

Answering Minister

the Secretary of State for International Trade

Answer from Hansard

Ed Miliband

The hon. Lady raises a really important point about the level of standing order charges, and this is something that Ofgem has consulted on. The complexity is that if we redistribute standing order charges, it can have significant adverse distributional effects, but Ofgem is seeking to have low standing order charges for some customers.