The Latest Breaking News from the Treasury Committee

FCA bosses highlight risks of bad advice or fraud from some online influencers

People may lose some or all of their money, the Treasury Committee heard.

Evening Standard · Apr 30, 2025

Businesses could be forced to accept cash under new rules, MPs warn

The number of people paying in cash has plummeted over the past decade

The Independent UK · Apr 29, 2025

Firms ‘may need to be forced to accept cash to prevent two-tier society’

The Treasury Committee is urging the Government to improve its monitoring and said the Treasury may eventually need to mandate cash acceptance.

Evening Standard · Apr 29, 2025

Barclays to pay up to £12.5m in compensation to customers hit by outages

There has been more than 33 days’ worth of unplanned tech and system outages in the last two years for nine of the UK’s biggest lenders.

Evening Standard · Mar 6, 2025

Martin Lewis highlights ‘major holes’ in Lifetime Isas

The MoneySavingExpert.com founder was giving evidence to the Treasury Committee.

Evening Standard · Feb 26, 2025

Martin Lewis tells MPs the big problems behind the Lifetime ISA - and why banks don’t offer it

The MoneySavingExpert.com founder was giving evidence to the Treasury Committee

The Independent UK · Feb 26, 2025

Ombudsman service is handling more than 60,000 motor finance commission cases

The number of cases represents ‘quite a significant block of work’ MPs on the Treasury Committee were told.

Evening Standard · Feb 11, 2025

MPs quiz bank bosses over scale of IT failures after Barclays outage

The Treasury Committee, a cross-party group formed of 11 members, wrote to banks including Barclays, HSBC, Lloyds and Nationwide on Monday.

Evening Standard · Feb 10, 2025

UK data chief calls for more cash to lift response rates amid faulty jobs survey

Office for National Statistics boss Sir Ian Diamond told MPs that he is ‘super hopeful’ about its work to improve the labour force survey.

Evening Standard · Feb 4, 2025

Government has no plans to force businesses to accept cash, MPs hear

Economic secretary to the Treasury Emma Reynolds told the Treasury Committee the Government has no plans to compel big or small firms to accept cash.

Evening Standard · Jan 28, 2025