Unilever:Written question - 167171

Q
Asked by Bill Wiggin
(North Herefordshire)
Asked on: 23 July 2018
Treasury
Unilever
Commons
To ask the Chancellor of the Exchequer, whether he has made an assessment of the level of discretion that the London Stock Exchange subsidiary FTSE-Russell will have over a decision on whether to continue to include Unilever in the FTSE 100 index; and if he will make a statement.
A
Answered by: John Glen
Answered on: 10 September 2018

Criteria for inclusion within an index are a matter for the benchmark administrator, rather than for the government or regulator. It is therefore FTSE Russell’s decision as a private company and not for HM Treasury to comment on an ongoing decision. FTSE’s methodology is made publicly available at (http://www.ftse.com/products/downloads/FTSE_UK_Index_Series.pdf) and discretion is available within this framework.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including the London Stock Exchange, as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel

Grouped Questions: 167165 | 167172 | 167177

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