Question follow-through · 38033

Financial Services Compensation Scheme

To ask the Chancellor of the Exchequer, what recent discussions she has had with the Bank of England on the Financial Services Compensation Scheme's compensation limit for (a) consumer and (b) business accounts.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
13 Mar 2025
Target answer date
19 Mar 2025
Answer
19 Mar 2025 · 6 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Economy and business

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Recorded timeline

  1. 13 Mar 2025

    Question tabled

    To ask the Chancellor of the Exchequer, what recent discussions she has had with the Bank of England on the Financial Services Compensation Scheme's compensation limit for (a) consumer and (b) business accounts.

  2. 19 Mar 2025

    Target answer date

    Date supplied by the official written-questions record.

  3. 19 Mar 2025

    Answer published

    Eligible deposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme up to £85,000, with joint accounts protected up to £170,0...

Open official record

Official data retrieved 28 Sept 2026.

Later records

Possible follow-up questions

Strong links require the same MP, department and exact heading. Other same-department questions are shown as unreviewed candidates, not as confirmed follow-ups. No debate link is asserted unless a stable source relationship exists.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Government Securities

26 Mar 2025 · To ask the Chancellor of the Exchequer, what recent progress her Department has made on the development of digital gilts; and what assessment she has made on their potential impact on the UK financial system.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Government Securities

26 Mar 2025 · To ask the Chancellor of the Exchequer, whether her Department has a planned timeline for the implementation of digital gilts; and when she expects to lay legislation before the House.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Financial Ombudsman Service

26 Mar 2025 · To ask the Chancellor of the Exchequer, what the (a) scope and (b) remit is of the Treasury review into Financial Ombudsman Service.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Banks: Finance

30 Apr 2025 · To ask the Chancellor of the Exchequer, what discussions she has had with the mid-tier banking sector on the Bank of England’s consultation on changes to thresholds for the minimum requirement for own funds and eligible liabilities, published on 15 Octobe

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Electronic Funds Transfer: Fraud

6 May 2025 · To ask the Chancellor of the Exchequer, what discussions she has had with social media and telecommunication companies on reducing Authorised Push Payment Fraud on online platforms.

Strong linkSame MP, department and exact heading

Financial Services Compensation Scheme

6 May 2025 · To ask the Chancellor of the Exchequer, what recent discussions she has had with the Prudential Regulation Authority on the potential merits of changes to the Financial Services Compensation Scheme deposit protection limit.

Strong linkSame MP, department and exact heading

Financial Services Compensation Scheme

6 May 2025 · To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of increasing the the Financial Services Compensation Scheme deposit protection limit for registered businesses.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

6 May 2025 · To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of updating guidance on the lifetime ISA scheme to clarify the cost of early withdrawal penalties.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

6 May 2025 · To ask the Chancellor of the Exchequer, what estimate she has made of the annual cost to the Exchequer of the Lifetime ISA in terms of (a) reduced tax revenue and (b) value paid bonus payments in (i) 2024–25 and (ii) 2025–26.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

7 May 2025 · To ask the Chancellor of the Exchequer, what information her Department holds on usage of the Lifetime ISA by region; and if she will make an assessment of the potential impact of the Lifetime ISA price cap on prospective first-time buyers in each region.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Pensions Investment Review

7 May 2025 · To ask the Chancellor of the Exchequer, whether she is making an assessment through the Pensions Investment Review of the potential merits of mandating pension fund providers to invest in British stocks and shares.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Cryptoassets: Regulation

7 May 2025 · To ask the Chancellor of the Exchequer, what assessment she has made of the readiness of the Financial Conduct Authority to (a) implement and (b) enforce the proposed regulatory regime for cryptoassets by the proposed commencement date.