BetIndex and Football Index
Commons · Question 48501 · Tabled 28 Apr 2025 · Treasury · Official record
Answered 7 May 2025
Question
Asked by Ben Lake
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of allocating a portion of the financial penalties collected by the Financial Conduct Authority to fund financial redress to people affected by the collapse
Answer
Answered by Emma Reynolds, 7 May 2025
The government recognises the significant impact the collapse of BetIndex Ltd had on former customers. Revenue from FCA fines is used to benefit the taxpaying public. First, the FCA deducts the costs of enforcement from its fine income. Any money left ove...