FCA keeps lid on travel spend in 2021/22
The Financial Conduct Authority only spent £106,958 on staff travel in the last financial year, a Freedom of Information request by Insurance Age has revealed, far below its annual multi-million pound pre-pandemic outlays.
The FOI detailed that the watchdog spent £81,856 on domestic travel with £25,102 shelled out on foreign trips (see table below).
While the most recent total was nearly three times the £35,818 spent in 2020/21 during the pandemic the lifting of restrictions has not seen the spending pattern return to previous levels.
In 2018/19 the regulator’s bill was £2.52m followed by a further spend of £2.19m in 2019/20.
Most of the year-on-year increase in the FCA’s travel budget came in domestic travel
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