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830367

registered interest
date	25/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Industry
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure greater cooperation with the Secretary of State for Business, Energy and Industrial Strategy in order to achieve the objectives of the Industrial Strategy.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	124933
answer	answer is ministerial correction date of answer 01/02/2018 answer text <p>The Industrial Strategy is an ambitious new partnership between government and businesses, academia, local government and devolved administrations, that will help the UK prepare for the future.</p><p> </p><p>The Industrial Strategy is a collaborative cross-Government project, with clear support from both the Prime Minister and Chancellor.</p><p> </p><p>Government departments will continue to work together to achieve the objectives outlined in the Industrial Strategy, including tackling the barriers to productivity growth and driving investment in the technologies of the future.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 01/02/2018 15:33:55 answering member 4320 label Biography information for Robert Jenrick
tabling member	4124 label Biography information for Chi Onwurah

828603

registered interest
date	23/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Females
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans the Government has to develop tax incentives and economic support to expand entrepreneurial opportunities for women in micro-businesses or who are self-employed.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	124270
answer	answer is ministerial correction date of answer 29/01/2018 answer text <p>The government supports women entrepreneurs, including those running micro-businesses, and has a number of tax incentives that they benefit from, including Entrepreneurs’ Relief and the Seed Enterprise Investment Scheme. The government has also supported women who are self-employed by raising the personal allowance to £11,850 in 2018-19, with a commitment to reach £12,500 by 2020-21. In 2018-19, compared to 2015-16, over 700,000 women will be taken out of income tax altogether and 13m women will see their income tax bill reduced.</p><p> </p><p>We are working to ensure we have the right support for everyone, including women, to set up and grow a business.</p><p> </p><p>As part of the Industrial Strategy, we are identifying ways to tackle barriers faced by female-led businesses in accessing venture capital through new behavioural research commissioned by the British Business Bank.</p><p> </p><p>Start-Up Loans (SUL) provide funding and intensive support to new entrepreneurs. As at the end of October 2017, there were over 20,130 loans issued to women totalling over £132.5m. To date 39% of start-up loans have been issued to women.</p><p> </p><p>Government has also supported and invested in the creation of a network of 38 Growth Hubs (one in each Local Enterprise Partnership area), providing businesses across England with tailored advice and support. The Business Support Helpline also provides information and guidance to people across England - 49% of users in the last year (2016-17) were women.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 29/01/2018 15:03:26 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4124 label Biography information for Chi Onwurah

828604

registered interest
date	23/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	European Investment Bank: North East
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant the Answer of 6 November 2017 to Question 110943 on European Investment Bank: North East, what assessment his Department has made of the effect of the extra due diligence on the timetable for the allocation of funds in the North East.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	124271
answer	answer is ministerial correction date of answer 31/01/2018 answer text <p>HM Treasury has been working closely with both the EIB and the North-East Fund with the aim of seeing the North-East Fund’s application progressed as quickly as possible.</p><p> </p><p>Significant, positive progress was made in December 2017 with the EIB Management Committee giving its approval to the application. We are now confident that the North-East Fund’s application can move forward quickly. However, the final decision on signature is a commercial decision for the North-East Fund, subject to the standard contract negotiations between themselves and the EIB.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 31/01/2018 15:23:58 answering member 4320 label Biography information for Robert Jenrick
tabling member	4124 label Biography information for Chi Onwurah

828605

registered interest
date	23/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Life Sciences: Capital Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 11 December 2017 to Question 118242, on Life Sciences: Capital Investment, what estimate he has made of the money that will be accrued to the public purse from the investment in the Life Sciences Sector deal.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	124272
answer	answer is ministerial correction date of answer 31/01/2018 answer text <p>The Government and the life sciences sector have agreed a transformative Sector Deal. This draws in substantial investment into the sector from across the world, ensuring that the next wave of breakthrough treatments, innovative medical research and technologies, and highly skilled jobs are created in Britain. The deal announced several specific significant investments in the UK, including MSD opening a new discovery research facility in London, which will support 950 jobs including 150 new high-skilled and high-value research roles. The Sector Deal is expected to generate significant ongoing returns, through increasing life sciences investment in the UK in response to a range of measures to improve the UK environment for the life sciences industry.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 31/01/2018 15:24:54 answering member 4320 label Biography information for Robert Jenrick
tabling member	4124 label Biography information for Chi Onwurah

824740

registered interest
date	17/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	North Sea Oil: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of the tax cuts for North Sea Oil companies in Autumn Budget 2017 on the UK's carbon reduction commitments.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	123541
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>At the Autumn Budget, the government announced it would introduce a transferable tax history for UK exploration and production companies. This is not a tax cut: it is designed to level the playing field between companies established in the sector and new entrants. It will do this by giving those new entrants certainty that tax relief will be available on their decommissioning costs. This measure is consistent with the UK’s existing carbon reduction commitments.</p><p> </p><p>The government is committed to tackling climate change and is a world leader in reducing emissions, having done so faster than any other G7 nation. The latest Energy and Emissions Projections Report shows that the UK remains on track to meet its carbon reduction targets. The Report is available here:</p><p> </p><p>https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/671187/Updated_energy_and_emissions_projections_2017.pdf</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/01/2018 15:53:39 answering member 4320 label Biography information for Robert Jenrick
tabling member	4124 label Biography information for Chi Onwurah

809064

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Payments: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority uses a different definition of Account In formation service Providers to that (a) defined by his Department in the Payment Services Regulations 2017 and (b) set out in the Second Payment Services Directive.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	120173
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Financial Conduct Authority uses the definition of account information service providers that is set out in the Payment Services Regulations. The Regulations transpose Payment Services Directive 2 (PSD2) into UK law.</p><p> </p><p>Any difference in language between the definition in the Regulations and the definition in PSD2 is due to providing additional clarity on the meaning of Account Information Service Providers. The additional clarity provided by the definition set out in the Regulations is informed by the relevant recitals contained within PSD2.</p><p> </p><p>As an EU Directive does not have direct effect, EU member states must transpose this into their national legislation. It is normal for certain differences to exist in the legislation which transposes the directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120187 question first answered 21/12/2017 10:48:14 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah

809065

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cash Dispensing: Fees and Charges
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 potential effect on levels of financial inclusion of the LINK network's recent proposals to reduce the interchange fee paid by banks to independent ATM operators.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	120174
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to work with industry to ensure that this access continues. Since 1998, the number of free to use ATMs has more than doubled, from 24,600 to over 53,000.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to reduce interchange fees in isolation, or in combination with bank branch closures. However, the Payment Systems Regulator (PSR), which Government set up in 2015 with the statutory objective to ensure that the UK’s payment systems work in the interests of their users is monitoring developments within ATM provision, and is conducting ongoing internal work on the impact that changes may have on ATM provision. Government is confident that the PSR will use its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>The Government is engaging regularly with LINK and its members, and they have assured us that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intend to bolster their Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and have recently also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM. The Government expects this additional commitment to be of particular benefit to rural areas.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 119905 119978 question first answered 21/12/2017 11:53:32 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah

809078

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority uses a different definition of Account Information Service Providers to that used in other EU member states.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	120187
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Financial Conduct Authority uses the definition of account information service providers that is set out in the Payment Services Regulations. The Regulations transpose Payment Services Directive 2 (PSD2) into UK law.</p><p> </p><p>Any difference in language between the definition in the Regulations and the definition in PSD2 is due to providing additional clarity on the meaning of Account Information Service Providers. The additional clarity provided by the definition set out in the Regulations is informed by the relevant recitals contained within PSD2.</p><p> </p><p>As an EU Directive does not have direct effect, EU member states must transpose this into their national legislation. It is normal for certain differences to exist in the legislation which transposes the directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120173 question first answered 21/12/2017 10:48:14 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah

809079

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Financial Conduct Authority and the Open Banking Implementation Entity on ensuring that financial data aggregation platforms that are not defined as Account Information Service Providers can gain direct access to standardised open banking application programming interfaces.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	120188
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>Access to Open Banking Application Programming Interfaces is primarily a decision for the Open Banking Implementation Entity. The Open Banking Implementation Entity currently have no plans to allow third parties wishing to perform account aggregation services, that are not registered as Account Information Service Providers, to gain access to the Open Banking APIs. There have been no discussions with the Financial Conduct Authority and the Open Banking Implementation Entity on changing this position</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120189 question first answered 21/12/2017 10:58:39 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah

809080

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans the Financial Conduct Authority and Open Banking Implementation Entity have to ensure that financial data aggregation platforms that are not defined as Account Information Service Providers can gain direct access to the standardised open banking application programming interfaces.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	120189
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>Access to Open Banking Application Programming Interfaces is primarily a decision for the Open Banking Implementation Entity. The Open Banking Implementation Entity currently have no plans to allow third parties wishing to perform account aggregation services, that are not registered as Account Information Service Providers, to gain access to the Open Banking APIs. There have been no discussions with the Financial Conduct Authority and the Open Banking Implementation Entity on changing this position</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120188 question first answered 21/12/2017 10:58:39 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah