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1682640
registered interest true more like this
date less than 2024-01-16more like thismore than 2024-01-16
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Foreign Companies: Japan remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether his Department is taking steps to help support Japanese companies to open bank accounts in the UK. more like this
tabling member constituency Bolton North East remove filter
tabling member printed
Mark Logan more like this
uin 9958 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2024-01-23
answer text <p>The Department for Business and Trade has a global network, including a significant presence in Japan, to support investors around the world to establish their businesses in the UK. DBT uses its engagement with thousands of businesses and investors to build a well-rounded view of the top issues impacting business, and will continue to engage businesses on these commercial issues.</p><p> </p><p>The Government knows that Japanese companies continue to take confidence in doing business with the UK. Japan is already the UK’s 5th largest investor and this past year alone during the Prime Minister’s visit, with Japanese businesses committed to invest almost £18 billion in businesses and projects across the UK.</p><p> </p><p>More broadly, the provision of banking services is a commercial decision for firms based on a variety of factors, including the local law, regulation of individual countries, an assessment of profitability, or other commercial drivers. Nevertheless, the Government takes the issue of access to bank accounts very seriously, and that is why last year the Chancellor asked the FCA to collect evidence to help us understand where account closures or refusals are happening and why.</p><p> </p>
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2024-01-23T11:41:54.273Zmore like thismore than 2024-01-23T11:41:54.273Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
4815
label Biography information for Mark Logan more like this