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Drugs: Manufacturing Industries

Question for HM Treasury

UIN 56488, tabled on 7 December 2016

To ask Mr Chancellor of the Exchequer, if the Government will take steps to ensure that the proceeds of fines imposed by the Competition and Markets Authority on pharmaceutical companies will be invested in the NHS.

Answered on

12 December 2016

As with other fine income, fines levied by the CMA for breaches of competition law are returned to the Consolidated Fund. Receipts from this fine will therefore help fund the £10bn increase in NHS funding set out at the Spending Review. A separate process is available for parties to recover damages suffered as a result of anti-competitive behaviour through the courts.

Answered by

Treasury
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.