FCA spends £13m on coronavirus so far with costs expected to rise
Hundreds of staff carrying out Covid-related work
PA first asked the FCA about its coronavirus expenditure in May.
The Financial Conduct Authority (FCA) spent at least £12.8m on coronavirus-related expenses by June 2020, and expects that cost to continue to rise throughout the year, a freedom of information request submitted by Professional Adviser has revealed.
As at the end of June, the FCA's costs specifically related to Covid-19 work were £12.8m, with staff costs of £9.6m and non-staff costs of £3.2m. The FCA noted the above costs did not include the full...
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