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Treasury select committee divided over EU probe

The influential Treasury select committee is to launch a probe of the costs and implications of next year’s vote on EU membership, but members have been unable to agree the terms of the inquiry.

The committee, which is chaired by Andrew Tyrie, reached an informal agreement to report on the EU at a recent private session, Mortgage Strategy sister title Money Marketing understands.

However, process has been stymied by the failure of members to agree its premise.

EU sceptics including Steve Baker, who founded Brexit campaign group Conservatives for Britain, and Jacob Rees-Mogg are understood to be keen to focus on the current cost of membership, while other members want to look at the cost of an exit.

Both Baker and Rees-Mogg declined to comment, but fellow TSC member and Labour MP Bill Esterson says: “I would like to see us study as far as possible what is the evidence of the impact on the economy of retaining our membership, what would be the effect of leaving on the likes of Jaguar Land Rover and Tata, and what is needed for them to continue their investment in jobs and prosperity in this country.

“We could also ask what renegotiations the Prime Minister should be getting. Given that he is not telling us maybe we should help him out.”



Caption Competition – 16 September 2015

Can you put the boot into your nearest and dearest to win a delicious box of Hotel Chocolat milk chocolates? Submit a witty caption for the photo above and you will be automatically entered into our prize draw. Remember, the funnier it is, the more likely you are to win. What are you waiting for? […]


Teachers BS added to PTFS panel

Teachers Building Society has joined Personal Touch Financial Services’ mortgage panel. The society offers mortgages to teachers and other professionals across England and Wales as well as other individuals of any profession looking to purchase or remortgage in Dorset, Hampshire or Wiltshire. Teachers chief executive James Bawa says: “Our intermediaries are extremely important to our […]


Advisers query FCA stance on loan commission

The FCA’s refusal to ban commission in the mortgage market is “inconsistent”, according to life and pensions advisers. The regulator confirmed last week that it had found little evidence of bias and therefore ruled out a commission ban as part of its upcoming mortgage market reviews. However, advisers already subject to a ban as part […]

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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