Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

1142105

registered interest
date	25/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government has taken to support people affected by the Equitable Life scandal.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	282454
answer	answer is ministerial correction date of answer 03/09/2019 answer text <p>In 2010 the government allocated up to £1.5bn, tax free, for payment to affected policyholders. More detail on the history of the action taken on this issue can be found at <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 03/09/2019 08:16:00 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

1088700

registered interest
date	14/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many times the Financial Conduct Authority has taken enforcement action against lenders who have breached the rules on affordability checks for loans in each of the last five years.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	232597
answer	answer is ministerial correction date of answer 19/03/2019 answer text <p>On 1 April 2014, regulation of the consumer credit market, including payday lenders, was transferred to the Financial Conduct Authority (FCA).</p><p> </p><p>We have passed the Honourable Member’s question on to the FCA, who will reply directly by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/03/2019 14:08:19 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

1060711

registered interest
date	13/02/2019
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, how many companies have been investigated by the Financial Conduct Authority for (a) market abuses and (b) breaches of financial regulation in each of the last five years.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	220935
answer	answer is ministerial correction date of answer 18/02/2019 answer text <p>The Financial Conduct Authority (FCA) provides an overview of its enforcement activities in its enforcement annual performance reports. These reports, for the past five years, can be found on the following links:</p><p> </p><p><a href="https://www.fca.org.uk/publication/corporate/appendix-2-enforcement-activity-13-14.pdf" target="_blank">2013/14</a></p><p><a href="https://www.fca.org.uk/publication/corporate/annual-report-2014-15.pdf" target="_blank">2014/15</a></p><p><a href="https://www.fca.org.uk/enforcement-annual-performance-account-2015-16/14-enforcement-statistics" target="_blank">2015/16</a></p><p><a href="https://www.fca.org.uk/publication/annual-reports/enforcement-annual-performance-account-2016-17.pdf" target="_blank">2016/17</a></p><p><a href="https://www.fca.org.uk/publication/corporate/annual-report-2017-18-enforcement-performance.pdf" target="_blank">2017/18</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/02/2019 16:06:38 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

1060712

registered interest
date	13/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent steps his Department has taken to ensure the enforcement of the UK's anti-money laundering laws.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	220936
answer	answer is ministerial correction date of answer 18/02/2019 answer text <p>The UK has one of the strongest anti money laundering (AML) regimes in the world. The Financial Action Task Force – which sets global AML standards - concluded in December of last year that the UK has the strongest AML regime of over 60 countries assessed to date. This government is committed to combatting illicit finance, has already done more than any other to tackle the threat of money laundering, and we are building on our strengths.</p><p> </p><p>The Treasury has strengthened AML supervision by creating the Office for Professional Body AML supervision (OPBAS), hosted by the FCA and operational since January 2018. OPBAS has recently completed its initial supervisory assessments of all professional body supervisors. The Treasury will continue to work closely with OPBAS to ensure that its plans and activities are effective, risk-based and implemented effectively by professional body supervisors.</p><p> </p><p>The Economic Crime Strategic Board (ECSB) met for the first time in January. The Board is co-chaired by the Chancellor and the Home Secretary and consists of ministers, senior officials, heads of regulatory and law enforcement authorities, and representatives from the private sector including CEOs of major banks. The Board’s purpose is to drive the public and private sector response to economic crime, by setting strategic priorities, ensuring resources are aligned to priorities and scrutinising overall performance against the economic crime threat.</p><p> </p><p>We are co-leading the wider economic crime reform programme with the Home Office, including reforming the Suspicious Activity Reports (SARs) regime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/02/2019 15:46:37 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

997759

registered interest
date	30/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts
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 trends in the level of personal debt over the last five years.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	185630
answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>The household debt-to-income ratio has stabilised over the past year and was 140% in Q2 2018, down from a high of 160% in Q1 2008. Almost three quarters of household debt is secured against housing. Unsecured debt as a share of household income is now 35% (Q2 2018), down from its peak of 41% before the financial crisis (Q1 2007).</p><p> </p><p>Although the level of consumer credit remains high, when adjusted for inflation, the level of outstanding consumer credit stands 17.7% below its January 2008 peak.</p><p> </p><p>The Budget 2018 announced new policies to help households manage unexpected costs by increasing access to fair and affordable credit, as well as a consultation on a breathing space scheme for people who fall into problem debt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 05/11/2018 15:15:05 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

922293

registered interest
date	12/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what proportion of households assisted under the Help to Buy scheme earned within 10 per cent of the national average household income.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	152794
answer	answer is ministerial correction date of answer 15/06/2018 answer text <p>The Treasury operates two Help to Buy schemes – the Help to Buy: mortgage guarantee and the Help to Buy: ISA. The mortgage guarantee has now closed and was a product offered to lenders to encourage higher loan to value (LTV) lending. Help to Buy: ISAs are offered to the public by 28 banks and building societies directly - the Treasury therefore does not hold information on individual savers.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 15/06/2018 11:33:19 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens

895005

registered interest
date	30/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services
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 progress made by the banking sector in ensuring that the needs of vulnerable consumers are met.
tabling member constituency	Cardiff Central
tabling member printed	Jo Stevens
uin	139526
answer	answer is ministerial correction date of answer 03/05/2018 answer text <p>The Government believes it is vitally important that the banking sector meets the needs of vulnerable consumers.</p><p> </p><p>The Government has given the Financial Conduct Authority (FCA), the independent conduct regulator for the financial services sector, a statutory objective to protect consumers. The FCA continually assess whether the banks they regulate are meeting the rules regarding the needs of vulnerable consumers.</p><p> </p><p>UK banks’ treatment of their customers is governed by the FCA in its Principles for Businesses, as well as specific requirements in its Handbook. The FCA's Principles require firms to conduct their business with due skill, care and diligence, and to pay due regard to the interests of its customers and treat them fairly.</p><p> </p><p>The nine largest personal current account providers in the UK are legally required to offer fee-free basic bank accounts to customers who do not have a bank account or who are ineligible for a bank’s standard current account. The Treasury’s December 2017 publication shows that in total there are nearly 8 million basic bank accounts open in the UK, and that just over 900,000 new accounts were opened between July 2016 and June 2017.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 03/05/2018 12:55:08 answering member 4051 label Biography information for John Glen
tabling member	4425 label Biography information for Jo Stevens