Written Question·Treasury·UIN 14371

Drax Group

Tabled: 30 June 2026

Answered: 7 July 2026

Question

Sir Oliver Dowden

To ask the Chancellor of the Exchequer, whether she will ask the Financial Conduct Authority to set out the timeline of its enquiries into Drax Group plc from August 2024 to the closure of its investigation, including the date on which the decision to tak

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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