TREASURY SEIZES the Watchdog That Makes Banks Pay You Back — "Would You RESIGN?"
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2026年07月25日
#personalfinance #UKEconomy #Banking #ConsumerRights #CostOfLiving #UKPolitics
The Treasury has moved to take control of appointing the chair of the Financial Ombudsman Service — the free body that rules on your disputes with banks, insurers and lenders.
MPs warned of a pattern: a regulator warned by phone the night before a hearing, and a watchdog chief removed for not delivering growth.
Dame Harriett Baldwin told the interim leaders their independence was being "wrenched" away, and asked if they would resign.
Order, Order — what Parliament actually says about your money.
The Treasury has moved to take control of appointing the chair of the Financial Ombudsman Service — the free body that rules on your disputes with banks, insurers and lenders.
MPs warned of a pattern: a regulator warned by phone the night before a hearing, and a watchdog chief removed for not delivering growth.
Dame Harriett Baldwin told the interim leaders their independence was being "wrenched" away, and asked if they would resign.
Order, Order — what Parliament actually says about your money.
