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1148149

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the total revenue the public purse has forgone due to the freeze in fuel duty since 2011.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294158
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Based on the Office for Budget Responsibility’s (OBR) published policy costings, we estimate the cumulative loss to the Exchequer from the successive fuel duty freezes from financial year 2011-12 to the current financial year 2018-19 to be around £46.2bn to the benefit of the UK taxpayer.</p><p> </p><p>The annual impacts on the Exchequer are reported in the table below.</p><table><tbody><tr><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p>2011-12</p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td colspan="3"><p>Exchequer impact (£m)</p></td><td><p>-2,275</p></td><td><p>-3,465</p></td><td><p>-4,645</p></td><td><p>-5,800</p></td><td><p>-6,375</p></td><td><p>-6,815</p></td><td><p>-7,875</p></td><td><p>-8,070</p></td></tr></tbody></table><p> </p><p>The OBR’s policy costings are available at the following link:</p><p> </p><p><a href="https://obr.uk/download/policy-measures-database/" target="_blank">https://obr.uk/download/policy-measures-database/</a></p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:52:31 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148150

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth can be attributed to financial technology in the last five years.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294159
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote Fintech can be found in the Fintech Sector Strategy, published in March 2018.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:55:59 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148155

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Insurance: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the cost to consumers of private motor insurance auto-renewals.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294164
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The FCA has published this month its interim report into General Insurance Pricing Practices. Consumers should always be able to get a fair deal and it is vital that the FCA comes to a solution that will achieve this important outcome as quickly as possible.</p><p> </p><p>It is for regulators to determine the powers they use to address problems in the markets they regulate. If needed, the Government has committed to legislate to give regulators new powers to stop loyal customers being taken advantage of.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 13:50:32 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord

1148024

registered interest
date	02/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many retail bank branches there are per head of population.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	293551
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>HM Treasury does not hold this information. However, the House of Commons Library published a report on ‘Bank branch and ATM statistics’ on 17 May 2019 which includes helpful information on this topic, based on ONS data.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:03:01 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord