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833804

registered interest
date	30/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to promote financial technology.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125562
answer	answer is ministerial correction date of answer 07/02/2018 answer text <p>Fintech offers a significant opportunity for the financial sector, providing new jobs and delivering benefits to consumers through increased competition and innovation. It contributes £6.6bn annually to the UK economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The most recent step taken to promote the UK’s fintech industry, is the government’s second International Fintech Conference, due to be held on 22 March 2018. The conference will help showcase the UK fintech sector to investors from across the globe.</p><p> </p><p>The government is continuing to support alternative finance, through implementing proportionate, principles based regimes for peer-to-peer (P2P) and equity-based crowdfunding that balance consumer protection with allowing the sectors to grow and evolve; and various supportive tax measures.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 125567 125568 question first answered 07/02/2018 12:24:05 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

833809

registered interest
date	30/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to promote alternative finance.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125567
answer	answer is ministerial correction date of answer 07/02/2018 answer text <p>Fintech offers a significant opportunity for the financial sector, providing new jobs and delivering benefits to consumers through increased competition and innovation. It contributes £6.6bn annually to the UK economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The most recent step taken to promote the UK’s fintech industry, is the government’s second International Fintech Conference, due to be held on 22 March 2018. The conference will help showcase the UK fintech sector to investors from across the globe.</p><p> </p><p>The government is continuing to support alternative finance, through implementing proportionate, principles based regimes for peer-to-peer (P2P) and equity-based crowdfunding that balance consumer protection with allowing the sectors to grow and evolve; and various supportive tax measures.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 125562 125568 question first answered 07/02/2018 12:24:05 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

833810

registered interest
date	30/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the contribution of financial technology to the UK’s financial sector.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125568
answer	answer is ministerial correction date of answer 07/02/2018 answer text <p>Fintech offers a significant opportunity for the financial sector, providing new jobs and delivering benefits to consumers through increased competition and innovation. It contributes £6.6bn annually to the UK economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The most recent step taken to promote the UK’s fintech industry, is the government’s second International Fintech Conference, due to be held on 22 March 2018. The conference will help showcase the UK fintech sector to investors from across the globe.</p><p> </p><p>The government is continuing to support alternative finance, through implementing proportionate, principles based regimes for peer-to-peer (P2P) and equity-based crowdfunding that balance consumer protection with allowing the sectors to grow and evolve; and various supportive tax measures.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 125562 125567 question first answered 07/02/2018 12:24:05 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

832915

registered interest
date	29/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services: Competition
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of Open Banking in encouraging consumers to switch current accounts.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125231
answer	answer is ministerial correction date of answer 05/02/2018 answer text <p>The Current Account Switch Service (CASS), have conducted research which suggests that Open Banking will allow consumers to better understand the value of their current account, and compare it with competing products, potentially leading to an increase in switching. CASS will continue to monitor the impact of Open Banking on account switching.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 05/02/2018 15:11:44 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

830145

registered interest
date	24/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to promote tax simplification.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	124820
answer	answer is ministerial correction date of answer 01/02/2018 answer text <p>The government is committed to having a tax system that is simple to understand and easy to comply with. At Budget the government took a number of practical steps to simplify the tax rules for businesses and charities which included:</p><ul><li>Extending the option of using mileage rates to property businesses,</li><li>Ending receipt checking on subsistence costs and</li><li>Simplifying the Gift Aid donor benefits rules for charities.</li></ul><p> </p><p>These measures build on the action taken by the government since 2010 to simplify the tax system including:</p><ul><li>Establishing the Office of Tax Simplification and then putting it on a permanent, statutory basis</li><li>Implementing around half of the OTS’s recommendations since 2010.</li></ul> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/02/2018 14:49:15 answering member 3935 label Biography information for Mel Stride
tabling member	1586 label Biography information for Adam Afriyie

830146

registered interest
date	24/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what role financial technology plays in promoting financial inclusion; and if he will make a statement.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	124821
answer	answer is ministerial correction date of answer 31/01/2018 answer text <p>Financial technology plays an important role in promoting financial inclusion and capability. Banks and fintech firms use new technology to make it easy for consumers to save and invest money, receive better financial advice, and access cheaper, more appropriate loans and overdrafts.</p> answering member constituency Salisbury answering member printed John Glen question first answered 31/01/2018 14:51:08 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

705878

registered interest
date	22/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Science and Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what fiscal steps he is taking to encourage investment in innovative UK science and technology projects.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	908969
answer	answer is ministerial correction date of answer 28/02/2017 answer text <p>As my Rt Honerable Friend the Chancellor of the Exchequer announced at Autumn Statement, the government is significantly increasing investment in R&amp;D, rising to an extra £2 billion a year by 2020-21; the largest increase in any parliament since at least 1979.</p><p> </p><p>This includes an Industrial Strategy Challenge Fund, which will support collaborations between businesses and the UK’s world-leading science base.</p><p> </p><p>This will ensure the UK remains an attractive place for businesses to invest in innovative research, and that the next generation of discoveries are made, developed and produced in Britain.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/02/2017 15:04:15 answering member 1529 label Biography information for Mr David Gauke
tabling member	1586 label Biography information for Adam Afriyie

484468

registered interest
date	22/03/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Social Mobility
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential effect of measures in Budget 2016 on social mobility.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	32097
answer	answer is ministerial correction date of answer 30/03/2016 answer text <p>The Government has carefully considered the impact of the tax and benefit reforms introduced in Budget. It is committed to improving social mobility by moving towards a higher wage, lower tax and lower welfare society.</p><p> </p><p>The Government published distributional analysis to accompany Budget 2016 which shows that the richest are paying a greater share of tax as a result of this government’s policies while the share of spending going to the poorest has been protected.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 30/03/2016 13:40:05 answering member 1529 label Biography information for Mr David Gauke
tabling member	1586 label Biography information for Adam Afriyie

479094

registered interest
date	16/03/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	EU Budget: Contributions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the UK's net financial contribution to the EU budget (a) was in 2006 and (b) is in 2015-16.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	31516
answer	answer is ministerial correction date of answer 29/03/2016 answer text <p>The UK’s net contribution to the EU in 2006, including rebate and total receipts from the EU, can be found in the tables appended in the EU’s Financial Report 2014:</p><p> </p><p>ec.europa.eu/budget/library/biblio/documents/2014/Internet%20tables%202000-2014.xls</p><p> </p><p>No comparable figure can be provided for 2015-16 as outturn data will only become available later in the year.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 29/03/2016 10:40:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	1586 label Biography information for Adam Afriyie

431610

registered interest
date	23/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of the bank referral scheme announced in the 2015 Budget in providing accessible finance to small and medium-seized enterprises.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	17360
answer	answer is ministerial correction date of answer 01/12/2015 answer text <p>The bank referral scheme is not yet up and running but the Government is committed to delivering this policy which will help small and medium sized enterprises access the finance they need to grow and expand.</p><br /><p>Since the Government announced the Finance Platform policy at Budget 2014 significant progress on implementation has been made. The Government has consulted, passed primary legislation and is now close to making secondary legislation.</p><br /><p>The British Business Bank is currently undertaking a due diligence process on Finance Platforms that have expressed an interest in becoming designated and will advise HM Treasury on designation in the Spring; with the policy expected to ‘go live’ later in 2016.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/12/2015 17:09:59 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1586 label Biography information for Adam Afriyie