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Dept of Trade and Industry

Answer

Malcolm Bruce: To ask the Secretary of State for Trade and Industry if she will break down how the funding for (a) miscellaneous consumer protection and (b) investor protection listed in her Departmental Report 2003 was allocated in 2003-04; and what amounts were allocated in each year since 1997. [147812] Mr. Sutcliffe: A number of items are included under "Miscellaneous Consumer Protection" including: £ million _________________________________________________________________________________________________. 2002-03 2003-04 Consumer Safety (inc. grant-in-aid for 3.4 1.0 ROSPA) Economic Consumer Protection 1.1 4.2 Consumer Information 2.1 2.4 Modernisation Fund1 6.6 6.3 _________________________________________________________________________________________________. 1 The Modernisation Fund is intended to improve the capability and effectiveness of the trading standards service in consumer protection enforcement. Similarly investor protection covers several items, including: £ million _________________________________________________________________________________________________. 2002-03 2003-04 Costs: Disqualification of Directors 13.0 16.9 Companies house late filing penalties 2.4 2.4 Financial Reporting Council 0.8 1.1 Repayments to Treasury solicitors1 1.4 1.7 S447 inquiries by outside investigators 1.1 1.1 _________________________________________________________________________________________________. 1 Payments for professional services in connection with company investigations, including the costs of hiring counsel. Unfortunately changes in the DTI's accounting system, and changes in responsibility within the Department make it impossible, except at disproportionate cost, to give a consistent breakdown of figures on this basis back to 1997. However drawing on figures from past DTI Expenditure Plans Reports, the sums allocated to these areas since 1997 are: £ million _________________________________________________________________________________________________. Miscellaneous consumer protection Investor protection 1997-98 8.0 17.4 1998-99 3.2 21.6 1999-2000 3.2 19.3 2000-01 10.7 22.1 2001-02 11.8 23.0 2002-03 17.1 23.0 2003-04 15.0 23.2 _________________________________________________________________________________________________.

Secondary information

Type

Written question

Reference

419 c1359-60W;419 c1361-2W; 147812

Session

2003-04

Subjects

Consumers Finance Investment Protection

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk