Written Question·Treasury·UIN 5969
Insurance: Competition and Monopolies
Tabled: 4 October 2024
Answered: 11 October 2024
Question
Mark Pritchard
Conservative — The Wrekin
To ask the Chancellor of the Exchequer, if she will take legislative steps to (a) increase competition and (b) reduce monopolies in the consumer insurance market.
Answer
Tulip SiddiqThe Government is committed to ensuring that the insurance industry operates on a fair and competitive basis. The Financial Conduct Authority (FCA), as the independent regulator, has a primary objective to ensure relevant markets are functioning well and ...
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