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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 Vehicles: Insurance
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

1147743

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	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of economic effect of the UK leaving the EU without a deal; and whether that assessment has changed compared with assessments made before 29 March 2019.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	293648
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>We would prefer to leave with a deal, and we continue to work in an energetic and determined way to get that better deal.</p><p> </p><p>The Government is turbocharging preparations to ensure we are ready to leave with or without a deal on 31 October, and all necessary funds will be made available.</p><p> </p><p>The fundamentals of the British economy are strong – real wages are growing; employment is at a record high and the unemployment rate is at a historic low.</p><p> </p><p>Short-term forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy.</p><p> </p><p>The Bank of England has provided analysis of the EU exit impacts on the UK economy consistent with its responsibilities on monetary policy.</p><p><strong> </strong></p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:08:05 answering member 4051 label Biography information for John Glen
tabling member	4471 label Biography information for Rachael Maskell

1147878

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: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the transparency of banks' investments, in particular the financing of arms, pesticides, plastic packaging and fossil fuels.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Paul Farrelly
uin	293483
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations 2016 require banks to disclose the impact of their activities on social and environmental matters.</p><p> </p><p>In addition, the Government launched in July its Green Finance Strategy with the ambition to align private sector financial flows with clean, environmentally sustainable and resilient growth. In the Strategy, the Government set an expectation that all listed companies and large asset owners, including banks, will make disclosures in line with the recommendations of the Taskforce on Climate-Related Financial Disclosures by 2022.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:05:58 answering member 4051 label Biography information for John Glen
tabling member	1436 label Biography information for Paul Farrelly

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

1147544

registered interest
date	01/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank of England: Public Appointments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the timeframe is for the next Governor of the Bank of England to take up their post.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	292849
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The process to appoint the next Governor of the Bank of England was <a href="https://www.gov.uk/government/news/chancellor-launches-search-for-next-governor-of-the-bank-of-england" target="_blank">launched</a> in April. The process is on track. We will make an announcement in due course, ahead of the start of the next Governor’s term on 1 February 2020.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 13:49:43 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1147572

registered interest
date	01/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of to Question 291263, what steps (a) his Department and (b) the FCA have taken to ensure that insurers are aware of their responsibility to inform consumers of changes to the way their policies are serviced in the event that the UK leaves the EU without a deal.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	292844
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>HMT has been assessing the risk that a small minority of insurance payments from UK insurers into the EU may be delayed. While HMT is responsible for setting the policy direction, it is the role of the independent regulator – the Financial Conduct Authority (FCA) – to engage with industry and test firm planning.</p><p> </p><p>The FCA has made it clear to insurers and insurance intermediaries that they should have appropriate plans in place to manage a no-deal exit, this should include plans to communicate with consumers should there be a change in the way their policy is serviced. The FCA expects firms to continue to service all their customers as fully and fairly as the law permits, including what regulatory protections will apply for their customers. The FCA has delivered these messages through a combination of direct contact with firms, senior leadership speeches, dedicated Brexit pages on its website, and trade association events.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 13:47:45 answering member 4051 label Biography information for John Glen
tabling member	534 label Biography information for Chris Ruane

1146993

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NoteMachine: Cash Dispensing
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 effect on access to cash of NoteMachine's plans to convert approximately 3,000 of its 7,000 free-to-use machines to pay-to-use; and if she will make a statement.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	292223
answer	answer is ministerial correction date of answer 03/10/2019 answer text <p>The Government recognises that widespread free access to cash remains important to the day-to-day lives of many consumers in the UK. However, it is not appropriate for the Government to comment on individual contracts relating to ATM charges.</p><p> </p><p>The Government is engaging, and will continue to engage, with the regulators and industry on this important topic. The Government-established Payment Systems Regulator (PSR) is closely monitoring developments in ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network, and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM and has also enhanced its Financial Inclusion Programme. More recently, LINK has committed to protecting free access to cash on high streets – where there is a cluster of five or more retailers – that don’t have a free-to-use ATM or a Post Office counter within 1 kilometre.</p><p> </p><p>UK Finance has also launched a Community Access to Cash Initiative, offering grants to local communities to improve cash access.</p><p> </p><p>In addition, the Government has invested heavily in maintaining a stable network of Post Office branches, with investment of around £2 billion since 2010. Currently, 99% of personal customers and 95% of small business customers can carry out their everyday banking locally at one of the Post Office’s 11,500 branches.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/10/2019 16:24:26 answering member 4051 label Biography information for John Glen
tabling member	4077 label Biography information for Emma Reynolds

1147023

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will instruct the Payment Systems Regulator to take the necessary steps to prevent further reductions in access to free-to-use cash machines.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	292108
answer	answer is ministerial correction date of answer 03/10/2019 answer text <p>The Government recognises the continued importance of free access to cash to the day-to-day lives of many consumers and businesses in the UK. The Government is engaging, and will continue to engage, with the regulators and industry on this important topic.</p><p> </p><p>LINK, the scheme that runs the UK’s ATM network, has publicly committed to maintain the broad geographic spread of ATMs and has put in place specific arrangements to protect remote free-to-use ATMs one kilometre or further from the next nearest free-to-use ATM. More recently, LINK has committed to protecting free access to cash on high streets – where there is a cluster of five or more retailers – that don’t have a free-to-use ATM or a Post Office counter within 1 kilometre.</p><p> </p><p>UK Finance has also launched a Community Access to Cash Initiative, offering grants to local communities to improve cash access.</p><p> </p><p> </p><p>The Government established the Payment Systems Regulator (PSR) in 2015, with robust powers and a statutory objective to ensure that the UK's payment systems work in the interests of their users. The PSR regulates LINK and is monitoring ATM market developments closely. The PSR has used its powers to hold LINK to account over their public commitments.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/10/2019 16:15:12 answering member 4051 label Biography information for John Glen
tabling member	478 label Biography information for Lord Field of Birkenhead

1147098

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Office of Financial Sanctions Implementation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what licences have been granted by the Office of Financial Sanctions Implementation with regard to transactions between (a) the UK Government and (b) UK companies and the Iranian Ministry of Defence (MODSAF); and what criteria are used by the Office of Financial Sanctions Implementation when granting such an application.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	292326
answer	answer is ministerial correction date of answer 03/10/2019 answer text <p>As the competent authority for the implementation of financial sanctions in the UK, the Office of Financial Sanctions Implementation (OFSI), which is part of HM Treasury, ensures that financial sanctions are properly understood and enforced. A key function of this role is implementing a licensing regime.</p><p> </p><p>OFSI does not publish the details of individual licences granted.</p><p> </p><p>OFSI can only issue licences where there are specific and relevant licensing grounds enabling us to do so, and where the conditions in those grounds have been met. The available grounds can be found in the legislation underpinning each particular financial sanctions regime.</p><p>Each licence application requires OFSI to consider the relevant evidence, which it does on a case by case basis before deciding whether to grant a licence.</p><p> </p><p>Further details regarding OFSI’s licensing process can be found in OFSI’s published guidance at the following link: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685308/financial_sanctions_guidance_march_2018_final.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685308/financial_sanctions_guidance_march_2018_final.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 03/10/2019 16:20:44 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1147129

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: North West
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number and proportion of high street bank branches that have closed in (a) the North West, (b) Merseyside and (c) Wallasey in the last 10 years.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	292112
answer	answer is ministerial correction date of answer 03/10/2019 answer text <p>The Treasury does not make assessments of the bank branch network. The decision to close a branch is a commercial issue for the management team of the bank. However, Government believes it is important the impact on communities must be understood, considered and mitigated where possible. That is why the Government continues to be very supportive of the Access to Banking Standard and the commitment it places on banks to minimise the impact of branch closures, including by ensuring that customers are aware of the alternative ways they can continue to access banking services. These include the Post Office, which allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK.</p><p> </p><p>The Financial Conduct Authority undertook an analysis of branch closures as part of their Strategic Review of Retail Banking Business Models. This analysis can be found in Annex 1 of the final report.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/10/2019 16:12:22 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle