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The Latest Breaking News from the Treasury Select Committee

71,000 Graduates Given Wrong Student Loan Balances After HMRC Error: Who Gets a Refund?

Approximately 71,000 UK graduates received incorrect student loan balances due to errors by the Student Loans Company and HMRC. Affected borrowers will have their balances corrected without needing to take action.

International Business Times UK

UK financial system ‘may not be prepared enough for major AI-related incidents’

The Treasury Select Committee said it had received a ‘significant volume of evidence’ about AI’s risks to financial services consumers.

Evening Standard

Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Independent UK

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Cutting red tape could attract more bad actors in finance sector, says FCA boss

Nikhil Rathi told MPs on the Treasury Select Committee that there will be increased risk-taking as part of proposed changes by Government.

Evening Standard

Sexism and the City: Women speak out

Some of the women who gave evidence to the Treasury Select Committee and prefer to remain anonymous say they don’t wish to be defined by complaints about sexism given that they built successful careers despite it.

Evening Standard

Banks should increase returns on savings amid interest rate rises, says top Tory

Harriett Baldwin, chairwoman of the Treasury Select Committee, suggested banks should take the step if they are also raising mortgage rates.

The Independent UK

Switch banks if you’re getting poor interest rate, cabinet minister Mel Stride says

Mel Stride said some of the ‘stickiness’ comes because there is ‘often inertia’ and that it is ‘relatively easy to change and switch accounts’

The Independent UK

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People who get ‘poor’ bank rates should ‘shop around’, Cabinet minister says

Mel Stride said some of the ‘stickiness’ comes because there is ‘often inertia’ and that it is ‘relatively easy to change and switch accounts’.

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