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Written question asked by David Amess (Conservative) on Monday, 29 June 2015, in the House of Commons. It was due for an answer on Wednesday, 1 July 2015. It was answered by Harriett Baldwin (Conservative) on Thursday, 2 July 2015 on behalf of the Treasury.


Motor Insurance: Competition

Question

To ask Mr Chancellor of the Exchequer, what assessment he has made of trends in competition and switching rates in the private motor insurance market in each year since 2010; and if he will make a statement.

Answer

This is a matter for the Financial Conduct Authority (FCA), who are operationally independent from Government.

The question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.


Secondary information

Type
Written question
Reference
4546
Session
2015-16
Grouped for answer
Yes
Subjects
Consumers Competition Fees and charges Motor insurance
Link
View this Written question on www.parliament.uk