questionText: To ask the Secretary of State for Business and Trade, what discussions he has had with the Financial Conduct Authority on the regulatory consistency of allowing insurers to deduct Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme payments from business interruption claims, whilst prohibiting the deduction of Local Authority Grants.
answerText: The Government has not made an assessment of the total monetary value of insurance company deductions from business interruption insurance payouts.The Supreme Court published its final judgment in the FCA’s Business Interruption Insurance test case in 202...
heading: Business: Insurance