Written Question·Treasury·UIN 82265
Small Businesses: Loans
Tabled: 15 October 2025
Answered: 21 October 2025
Named DayQuestion
Gareth Thomas
Labour (Co-op) — Harrow West
To ask the Chancellor of the Exchequer, if she will provide the Financial Ombudsman Service with additional powers to monitor the use of personal guarantees by financial services companies for lending to small and medium sized businesses.
Answer
Lucy RigbyThe Financial Ombudsman Service (FOS) was set up to resolve complaints between consumers and small businesses, and their financial services providers. While the Treasury sets the legal framework in which the FOS operates, the rules on how the FOS should h...
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