Written Question·Treasury·UIN 14370

Drax Group

Tabled: 30 June 2026
Answered: 7 July 2026

Question

Sir Oliver Dowden

ConservativeHertsmere

To ask the Chancellor of the Exchequer, whether any Minister or special adviser has had any communication with the Financial Conduct Authority on its investigation into Drax Group plc since August 2025.

Answer

Rachel Blake
The FCA is an independent regulator, and this independence is vital to its role. While the Government is responsible for the overall framework for financial services regulation, it cannot intervene in the FCA's operational decision-making, including its i...

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