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1041739

registered interest
date	15/01/2019
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, what steps he is taking to protect consumers from high risk pay-day loans.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	208936
answer	answer is ministerial correction date of answer 21/01/2019 answer text <p>On 1 April 2014, regulation of the consumer credit market, including payday lenders, was transferred to the Financial Conduct Authority (FCA). The government has given the FCA strong powers to protect consumers and to take action against firms and individuals that do not meet its standards. In 2017, the FCA issued total fines of £229 million.</p><p> </p><p>The government legislated to require the FCA to introduce a cap on the cost of payday loans, which came into force on 2 January 2015. The FCA published a feedback statement in July 2017, showing that the price cap has been effective, leading to savings of approximately £150 million for 760,000 individuals using payday loans each year.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/01/2019 13:50:10 answering member 4051 label Biography information for John Glen
tabling member	4363 label Biography information for Kate Hollern

971386

registered interest
date	10/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of introducing legislative proposals to remove ATM charges.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	172544
answer	answer is ministerial correction date of answer 13/09/2018 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. Government has been engaging and will continue to engage with the regulators and industry, including LINK, to ensure that it is maintained.</p><p> </p><p>To ensure the provision of ATMs in rural, isolated or vulnerable areas, LINK announced it will enhance its financial inclusion plan to include in the programme all ATMs that are a kilometer or further from the next other free-to-use ATM. Around 80% of the ATM network is free-to-use and 97% of all ATM transactions are conducted on free-to-use ATMs.</p><p> </p><p>The Government has made no formal assessment of the effects of banning ATM charges, but is closely monitoring developments within the UK’s ATM network, as is the Payment Systems Regulator (PSR). The Government established the PSR in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users.</p><p> </p><p>The PSR have set out three requirements of LINK: that LINK must maintain the current geographical spread of ATMs; that any changes made to ATM interchange fees must be incremental to allow LINK to monitor the impact and take action if the impact is not as expected; and for a greater focus on LINK’s financial inclusion programme, to continue to fill gaps in the network.</p><p> </p><p>The PSR has committed to using its powers to act should LINK behave in a way that conflicts with its statutory objectives and recently announced it would direct LINK to fully develop its policies for meeting its commitments.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/09/2018 14:48:58 answering member 4051 label Biography information for John Glen
tabling member	4363 label Biography information for Kate Hollern

934130

registered interest
date	03/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with the Governor of the Bank of England on the effect of Government use of the retail price index on the Bank of England base rate.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	160232
answer	answer is ministerial correction date of answer 10/07/2018 answer text <p>The Governor of the Bank of England and the Chancellor discuss economic and financial developments on a regular basis.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 10/07/2018 14:54:09 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4363 label Biography information for Kate Hollern

930965

registered interest
date	25/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
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 effect of the change to corporation tax on the public purse.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	157172
answer	answer is ministerial correction date of answer 28/06/2018 answer text <p>Since 2010, the headline corporation tax rate has been cut from 28 to 19 percent. Cutting corporation tax allows companies to invest in expanding their business, boost wages, create jobs and lower prices for consumers.</p><p> </p><p>Despite the cuts, onshore corporation tax receipts have increased by around 50%, from £36.2bn in 2010-11 to £53.6bn in 2016-17.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 28/06/2018 15:38:03 answering member 3935 label Biography information for Mel Stride
tabling member	4363 label Biography information for Kate Hollern

929383

registered interest
date	22/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how his Department plans to fund the additional £20bn for the NHS announced on 18 June 2018 through (a) tax increases and (b) other means.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	156632
answer	answer is ministerial correction date of answer 27/06/2018 answer text <p>On 18 June, the Prime Minister set out that the NHS in England will receive an increase in funding over the next five years that equates to over £20 billion additional real terms funding a year by 2023-24.</p><p> </p><p>It’s because of our balanced approach to public spending that we’re able to do this. In order to ensure we don’t pass on extra debt to the next generation, it will be funded from a combination of sources, including funding we will no longer be sending to the EU. The Chancellor will set out further detail at Budget.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 27/06/2018 13:50:24 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4363 label Biography information for Kate Hollern