Written Question·Treasury·UIN 48501
BetIndex and Football Index
Tabled: 28 April 2025
Answered: 7 May 2025
Question
Ben Lake
Plaid Cymru — Ceredigion Preseli
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of allocating a portion of the financial penalties collected by the Financial Conduct Authority to fund financial redress to people affected by the collapse
Answer
Emma ReynoldsThe government recognises the significant impact the collapse of BetIndex Ltd had on former customers. Revenue from FCA fines is used to benefit the taxpaying public. First, the FCA deducts the costs of enforcement from its fine income. Any money left ove...
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