Former Work and Pensions Secretary Amber Rudd and Nicky Morgan, who recently chaired the House of Commons Treasury Select Committee, are to stand down and not contest their seats in the upcoming General Election.

Following Nicky Morgan’s appointment to the Cabinet as Secretary of State for Digital, Culture, Media and Sport, a new chair of the Treasury Select Committee has been selected.

The FCA has written to the chair of the Commons Treasury Committee explaining its actions over the collapse of £236m mini-bond firm London Capital and Finance (LCF).

Nicky Morgan MP, chair of the Treasury Committee, has written to the Financial Ombudsman Service about TV’s ‘Dispatches’ programme which this week exposed poorly trained FOS staff searching on Google to learn about what products they were reviewing.