The Treasury sub-committee final report into the Money Advice Service has been delayed by the work of the Parliamentary Commission on Banking Standards.
Labour MP and Treasury sub-committee chair George Mudie says he is in talks about drawing up the final report and wants it published “as soon as possible” but can’t give a clear date.
He says: “I want it published as soon as possible but I have been conscious that half the committee are on the banking commission with four meetings a week.
“It is difficult to get them to sub-committee and we are always struggling to keep a quorum. There is only so much you can demand of members and understand the time pressures they have.”
Mudie refused to be drawn on any recommendation the final report might contain but says the evidence sessions should give a “flavour” of what to expect.
The inquiry has seen MAS under fire for high executive pay, “crap” online tools and its “colossal” marketing spend. The Government has committed to a review of the MAS by 2015 and bring it under the remit of the National Audit Office.