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1140579

registered interest
date	19/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Credit Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 July 2019 to Question 271336, for what reasons his Department does not offer a payroll deduction service to enable employees to join a credit union; and if he will make a statement.
tabling member constituency	Harrow West
tabling member printed	Gareth Thomas
uin	279369
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>HM Treasury explored the option of offering a credit union to staff, however due to lack of staff interest and other reward and benefit priorities it hasn’t been implemented.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/07/2019 14:20:42 answering member 4320 label Biography information for Robert Jenrick
tabling member	177 label Biography information for Gareth Thomas

1140616

registered interest
date	19/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for banking, insurance and other financial services in the event that the UK leaves the EU without a deal have been implemented.
tabling member constituency	Streatham
tabling member printed	Chuka Umunna
uin	279465
answer	answer is ministerial correction date of answer 24/07/2019 answer text <p>The Government has done the necessary work to make sure that we continue to have a stable and functioning financial services regime at the point of leaving the EU in a no deal scenario.</p><p> </p><p>The Government has delivered a programme of legislation under the EU Withdrawal Act in order to provide continuity for UK citizens and businesses and to ensure the UK regulatory regime can function effectively outside of the EU.</p><p> </p><p>This legislation includes temporary permissions for EEA firms currently passporting into the EU, and temporary permissions to allow UK firms to continue using Central Counterparties (CCPs) and Central Securities Depositories (CSDs) in the EEA. It also includes a transitional power for regulators to phase in post-exit regulatory requirements for firms where they have changed as a result of the UK leaving the EU.</p><p> </p><p>Following the six-month Article 50 extension, new EU financial services legislation will become applicable between now and 31 October 2019 and will therefore form part of UK law on exit day. We are laying further Statutory Instruments under the EU Withdrawal Act to ensure this new legislation is workable in the UK at exit.</p><p> </p><p>However, it should be noted that the UK authorities are not able through unilateral action to fully address all the risks. For example, the risks to EEA customers of UK firms currently providing services into the EEA using the financial services passport also require action from the EU or individual member states.</p><p> </p><p>We therefore welcome the steps taken by the EU and some individual member states to mitigate some of the risks. This includes: the EU’s temporary equivalence and recognition for UK CCPs and CSDs; ESMA’s decision to approve Memoranda of Understanding (MoUs) that include provisions to allow cross-border delegation of portfolio management between the UK and the EEA; and EIOPA recommendations which call on relevant member state regulators to put in place measures which aim to minimise detriment to insurance policyholders.</p><p> </p><p>As a result of all these actions, the Bank of England’s Financial Policy Committee said in its Financial Stability Report (July 2019): ‘Most risks to UK financial stability from disruption to cross-border financial services in a no-deal Brexit have been mitigated.’ But they also note that ‘in the absence of further action by EU authorities, some disruption to cross-border financial services is possible.’</p> answering member constituency Salisbury answering member printed John Glen question first answered 24/07/2019 10:57:17 answering member 4051 label Biography information for John Glen
tabling member	4128 label Biography information for Chuka Umunna

1140617

registered interest
date	19/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for VAT for businesses in the event that the UK leaves the EU without a deal have been implemented.
tabling member constituency	Streatham
tabling member printed	Chuka Umunna
uin	279466
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>As a responsible government, the Government has been preparing plans to minimise any disruption in the event of no deal for nearly three years.</p><p> </p><p>HM Revenue and Customs and HM Treasury are aware of the VAT policies that need to be delivered for exit day and the Government remains confident that all required SIs will be brought forward in good time.</p><p> </p><p>In light of the extension that has now been agreed, departments continue to advance their ‘no deal’ preparations and are making sensible adjustments on the timing and pace at which certain work is progressing, so that the Government is ready to implement necessary work in the lead-up to 31 October if needed.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 23/07/2019 16:09:01 answering member 3991 label Biography information for Jesse Norman
tabling member	4128 label Biography information for Chuka Umunna

1140228

registered interest
date	18/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many (a) businesses and (b) companies (i) have an Economic Operator Registration and Identification (EORI) number, (ii) require an EORI number but do not have one and (iii) have applied for an EORI number and not received one.
tabling member constituency	Streatham
tabling member printed	Chuka Umunna
uin	279012
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>Approximately 479,000 traders hold a live Economic Operator Registration and Identification (EORI) number issued by HM Revenue and Customs (HMRC). It is not possible to provide a breakdown of this data.</p><p> </p><p>Data on the number of traders that would need a UK EORI number is not readily available.</p><p> </p><p>HMRC have issued UK EORI numbers to all traders who registered for a number and did not already possess one at the time of their registration.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 23/07/2019 12:24:54 answering member 3991 label Biography information for Jesse Norman
tabling member	4128 label Biography information for Chuka Umunna

1140330

registered interest
date	18/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Redundancy Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many responses his Department received to its consultation on restricting exit payments in the public sector.
tabling member constituency	Nottingham South
tabling member printed	Lilian Greenwood
uin	278975
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>The consultation received over 580 responses. We are currently analysing these and will produce a government response in due course.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 23/07/2019 07:55:26 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4029 label Biography information for Lilian Greenwood

1139406

registered interest
date	16/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the merits of amending vehicle excise duty so that the duty applicable is based on the emissions recorded at MOT tests.
tabling member constituency	Fareham
tabling member printed	Suella Braverman
uin	277783
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>MOT emissions tests are mainly used to check for dangerous levels of air quality pollutants, such as carbon monoxide and hydrocarbons.</p><p> </p><p>To help meet our legally binding climate change targets, Vehicle Excise Duty (VED) is based on carbon dioxide (CO<sub>2</sub>) emissions which is not tested during MOTs.</p><p> </p><p>A vehicle’s CO<sub>2</sub> emissions are tested under laboratory conditions at the point of manufacture. This provides an accurate figure which determines the rate of VED paid, allows comparisons to be made between models and encourages motorists to choose low CO<sub>2</sub> emitting options.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/07/2019 07:55:12 answering member 4320 label Biography information for Robert Jenrick
tabling member	4475 label Biography information for Suella Braverman

1137972

registered interest
date	09/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Institutions: Switzerland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to permit Swiss financial institutions to continue to operate in London until the UK leaves the EU.
tabling member printed	Lord Willoughby de Broke
uin	HL17071
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>Switzerland is an important financial partner for the UK. Swiss financial institutions can operate in the UK in line with existing applicable UK and EU law.</p><p>The UK has also taken steps to ensure the continuity of this relationship once we exit the European Union, including the transition of the EU-Swiss Direct Insurance Agreement into a UK-Swiss Direct Insurance Agreement.</p> answering member printed Lord Young of Cookham question first answered 23/07/2019 11:16:12 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1775 label Biography information for Lord Willoughby de Broke