Cap on FSA fee increases rejected

The Regulatory Authorities (Level of Charges) Bill was introduced by Conservative MP Christopher Chope and had its second reading in the House of Commons this morning. It said: "No regulatory authority carrying out functions in England on behalf of a Minister of the Crown may increase, over any given period of time, the fees charged in respect of any of its services by more than the rate of inflation, measured by the Consumer Prices Index, over that given period of time." The bill would have covered "any authority or body which regulates the carrying on of any business or activity, or...