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.

Investors hit by the collapse of £236m London Capital & Finance (LCF) earlier this year have launched a petition aimed at the Treasury, the FCA, Nicky Morgan MP and Antony Townsend the Complaints Commissioner.

The Treasury will examine whether mini-bond regulation is fit for purpose after the collapse of £236m London Capital & Finance (LCF) earlier this year.