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Independent Review of the Loan Charge

Asked by Mr Angus MacDonaldLiberal DemocratTreasuryTabled Answered 19 December 2025UIN 99135

The question

To ask the Chancellor of the Exchequer, what role Ministers and officials had in setting the scope and terms of reference for the review of Loan Charge settlement arrangements conducted by Ray McCann.

Answered by Dan Tomlinson

The Review’s Terms of Reference were drafted by the independent reviewer and then agreed with Ministers.

Ministers received advice from officials in line with normal processes. This ensured that the Terms of Reference met legal requirements and the objectives agreed between Ministers and the reviewer.

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