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47123

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to make personal debt charged at an APR of over 30 per cent unrecoverable; and if he will make a statement.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	195592
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>The Government legislated in the Banking Reform Act 2013 to require the Financial Conduct Authority (FCA) to introduce a cap on the cost of high-cost short-term credit, including payday loans, in order to protect consumers from excessive costs. In designing the cap, the FCA will take into account the interest rate and other fees and charges which may be incurred in relation to a high-cost loan.</p><p> </p><p>As part of the FCA's powers to cap the cost of credit in the Financial Services Act 2012, the Government gave the FCA specific powers to prevent a lender enforcing a credit agreement and recovering the debt, if the agreement contravenes its rules on the cost of credit. It can also require that any money or property transferred under the credit agreement must be returned.</p><p> </p><p>The FCA is currently conducting analysis to inform the design of the cap; it has committed to publishing its proposed rules which implement the cap in July. The FCA plans to publish final rules in the autumn and all lenders must be compliant with the cap by 2 January 2015. The Government supports the FCA's proposed timetable for implementing the cap: it allows the FCA appropriate time to conduct analysis, consult on its proposals and ensure that firms are fully compliant by January. It also allows the FCA to draw on the insight of the Competition and Markets Authority's study into payday lenders in designing the cap.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195597 question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	372 label Biography information for Austin Mitchell

47124

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what due diligence was undertaken by officials in his Department in relation to the reliability of the gentlemen's agreement on the holding of Royal Mail shares by priority investors.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195593
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>There was no agreement - gentleman's or otherwise – on the holding of Royal Mail shares by priority investors.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 29/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

47126

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will bring forward proposals to limit the interest rate payable on payday loans; and if he will make a statement.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	195597
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>The Government legislated in the Banking Reform Act 2013 to require the Financial Conduct Authority (FCA) to introduce a cap on the cost of high-cost short-term credit, including payday loans, in order to protect consumers from excessive costs. In designing the cap, the FCA will take into account the interest rate and other fees and charges which may be incurred in relation to a high-cost loan.</p><p> </p><p>As part of the FCA's powers to cap the cost of credit in the Financial Services Act 2012, the Government gave the FCA specific powers to prevent a lender enforcing a credit agreement and recovering the debt, if the agreement contravenes its rules on the cost of credit. It can also require that any money or property transferred under the credit agreement must be returned.</p><p> </p><p>The FCA is currently conducting analysis to inform the design of the cap; it has committed to publishing its proposed rules which implement the cap in July. The FCA plans to publish final rules in the autumn and all lenders must be compliant with the cap by 2 January 2015. The Government supports the FCA's proposed timetable for implementing the cap: it allows the FCA appropriate time to conduct analysis, consult on its proposals and ensure that firms are fully compliant by January. It also allows the FCA to draw on the insight of the Competition and Markets Authority's study into payday lenders in designing the cap.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195592 question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	372 label Biography information for Austin Mitchell

47127

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer to Lord Adonis of 3 June 2013, Official Report, House of Lords, column 122WA, on government departments: secondments, of those secondments to his Department listed on that date, how many of these secondments related (a) wholly, (b) partly and (c) incidentally to the privatisation of Royal Mail; and how many of those secondments took place primarily for the purpose of helping with the privatisation of Royal Mail.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195632
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Of the secondees listed in the answer given to the noble Lord, Lord Adonis on 3 June 2013, two worked on the Royal Mail privatisation in the Shareholder Executive.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 29/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

47128

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many secondments from the private sector to his Department and its agencies the secondee's work-related (a) wholly, (b) partly or (c) incidentally to the privatisation of Royal Mail; from which firms those secondments were made; and on what dates they began and ended.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195633
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>In the Shareholder Executive teams are put together to work on specific projects bringing together appropriate skills and experience; such teams regularly include secondee appointments. Three secondees from Freshfields Bruckhaus Deringer, Lazard and KPMG spent varying degrees of time working at the Shareholder Executive on the Royal Mail IPO. The Freshfields secondee worked on various projects, and worked wholly on the Royal Mail privatisation for the second half of the secondment. The Lazard and KPMG secondees were engaged to work principally on Royal Mail. No secondee held a senior position in the team.</p><p> </p><p>The KPMG secondment started in June 2013 and is continuing. The Freshfields secondment started in December 2012 and ended in November 2013. The Lazard secondment ran from January 2013 to January 2014.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 29/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

47135

registered interest
date	07/04/2014
answering body	Department for Culture Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Culture, Media and Sport, what recent steps she has taken to increase tourism to (a) Berkshire and (b) the South East; and if she will make a statement.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	195452
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p> </p><p>DCMS is responsible for the policy that supports the growth of domestic and international tourism, working in partnership with other Government Departments and our Arms-Length Bodies, VisitBritain and VisitEngland. Between 2011 and 2015, Government is investing more than £105m in tourism through the GREAT and other international campaigns. Investment to date is showing positive results. 2013 was a record year for inbound tourism with 32.9 million international visits being made which generated a record £21 billion into the UK in 2013.</p><p>In terms of Berkshire specifically, VisitBritain's public-facing website includes a range of tourism information relating to Windsor which is available via the following link: <a href="http://www.visitbritain.com/en/Destinations-and-Maps/History-and-heritage/Windsor.htm" target="_blank">http://www.visitbritain.com/en/Destinations-and-Maps/History-and-heritage/Windsor.htm</a>. VisitBritain's ‘Heritage is GREAT' advertising campaign also prominently featured Highclere Castle, which is the setting for Downton Abbey.</p><p>The South East region will benefit from a number of thematic campaigns currently being run by VisitEngland which can be found at <a href="http://www.visitengland.com/" target="_blank">http://www.visitengland.com/</a>. It will also benefit from VisitEngland's Holidays at Home are GREAT campaign, which has been broadcast on mainstream terrestrial channels since 1 April, while those areas in the South East region affected by the recent floods are also benefitting from both VisitEngland's ‘Spot on England' marketing campaign and business support events.</p> answering member constituency Maidstone and The Weald answering member printed Mrs Helen Grant question first answered 28/04/2014 12:00:00 answering member 4018 label Biography information for Mrs Helen Grant
tabling member	1586 label Biography information for Adam Afriyie

47136

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, if he will break down by component elements the increase in the RAB charge from 33 per cent to 45 per cent.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Mr Liam Byrne
uin	195456
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The increase in the RAB charge has been due to:</p><p> </p><p>- macroeconomic effects – earnings growth has been lower than expected since the £21,000 threshold was set making it more generous in real terms than was expected at the time it was set; and</p><p>- modelling changes – we have made methodological improvements to our modelling of individual borrower's earnings over time. We have done this through a new approach that takes greater account of an individual's past earnings and of Student Loans Company data on actual loan repayments.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 28/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
tabling member	1171 label Biography information for Liam Byrne

47138

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what his Department's estimate is of the latest RAB charge for part-time students.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Mr Liam Byrne
uin	195459
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The current estimate for the resource accounting and budgeting charge for part-time students is 65%.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 28/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
tabling member	1171 label Biography information for Liam Byrne

47139

registered interest
date	07/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what his Department's estimate is of the latest RAB charge for further education students.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Mr Liam Byrne
uin	195461
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>The Department models the proportion of loans which we expect will not be repaid (the RAB charge). The 2012 impact assessment on the introduction of 24+ Advanced Learning Loans stated that we anticipated this RAB charge would be 60% of the total loan amount. Now that we are beginning to receive figures on actual learner numbers, we are reviewing the assumptions within the RAB charge model. This 60% figure may therefore be subject to change in the future.</p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/04/2014 12:00:00 answering member 4070 label Biography information for Matt Hancock
tabling member	1171 label Biography information for Liam Byrne

47164

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people in each (a) region and (b) constituent part of the UK were in receipt of (i) universal credit and (ii) other in-work tax credits or benefits at the beginning of the current financial year; and if he will estimate the likely numbers of such people in each of the following two financial years.
tabling member constituency	Glasgow North East
tabling member printed	Mr William Bain
uin	195483
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p><strong>The provisional award Child and Working Tax Credits statistics for December 2013, split by geography, are available at:</strong></p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/266640/1312_Geog_sent.xls" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/266640/1312_Geog_sent.xls</a></p><p> </p><p><strong>Table 2 breaks down Tax Credit claimants by Region and Table 4 by constituency. Those in receipt of WTC are presented within the ‘WTC and CTC' and ‘With no children' columns.</strong></p><p> </p><p><strong>Figures for the current financial year are not yet available, but HMRC are due to publish the next provisional tax credits national statistics for April 2014 on 25 April. </strong></p><p><strong>Forecasts of tax credit claimant numbers are not available.</strong></p><p> </p><p><strong>Official statistics on Universal Credit were published on 19 March and can be found at:</strong></p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293502/universal-credit-first-release-mar14.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293502/universal-credit-first-release-mar14.pdf</a></p><p> </p><p><strong>DWP announced plans for the next stage of implementation on 5 December, and these were set out in a written ministerial statement (WMS). The WMS can be found here:</strong></p><p> </p><p><a href="https://www.gov.uk/government/news/universal-credit-progress" target="_blank">https://www.gov.uk/government/news/universal-credit-progress</a></p><p> </p><p><strong>Statistics on numbers in receipt of other benefits are available here: </strong></p><p> </p><p><strong> </strong><a href="https://www.gov.uk/government/publications/benefit-expenditure-and-caseload-tables-2014" target="_blank">https://www.gov.uk/government/publications/benefit-expenditure-and-caseload-tables-2014</a></p><p> </p> answering member constituency Loughborough answering member printed Nicky Morgan question first answered 29/04/2014 12:00:00 answering member 4027 label Biography information for Baroness Morgan of Cotes
tabling member	1610 label Biography information for Mr William Bain