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1167403

registered interest
date	30/10/2019
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, what assessment he has made of the effect of interchange fee reductions on the number of free-to-use ATMs.
tabling member constituency	Carshalton and Wallington
tabling member printed	Tom Brake
uin	7626
answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The Government has not carried out a formal assessment of the effect of interchange fee reductions on the number of free-to-use ATMs.</p><p> </p><p>Although the management and deployment of ATMs is a commercial matter for ATM market participants, the Government recognises that widespread access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK.</p><p> </p><p>The number of free-to-use ATMs increased for over a decade up to 2017, with the majority of ATMs clustered in areas of high demand and footfall. LINK, the scheme that runs the UK’s ATM network, saw this situation as unsustainable. Therefore, in January 2018, LINK announced reductions to the interchange fee, while taking steps to preserve the broad geographic spread of free-to-use ATMs. This included protections for remote free-to-use ATMs, one kilometre or further from the next nearest free-to-use ATM or Post Office.</p><p> </p><p>In July 2018, LINK responded to lower transaction volumes at ATMs by cancelling the third reduction of interchange fees due in January 2020 and putting on hold the 4th reduction that was due in January 2021.</p><p> </p><p>More recently, LINK committed to protecting free access to cash on high streets – where there are five or more qualifying retailers – and announced £1 million to fund requests for new ATMs from local areas with poor access to cash. Furthermore, UK Finance – the trade association for the UK banking and financial services sector – has launched a Community Access to Cash Initiative, offering grants to local communities to improve cash access.</p><p> </p><p>As of June 2019, there were 48,500 free-to-use ATMs in the UK, which represented 78% of the total number of ATMs. This remains 21% higher than a decade ago.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 7628 question first answered 04/11/2019 16:02:09 answering member 4051 label Biography information for John Glen
tabling member	151 label Biography information for Tom Brake

1167492

registered interest
date	30/10/2019
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, what assessment he has made of the effect of interchange fee reductions on the number of free-to-use ATMs.
tabling member constituency	Carshalton and Wallington
tabling member printed	Tom Brake
uin	7628
answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The Government has not carried out a formal assessment of the effect of interchange fee reductions on the number of free-to-use ATMs.</p><p> </p><p>Although the management and deployment of ATMs is a commercial matter for ATM market participants, the Government recognises that widespread access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK.</p><p> </p><p>The number of free-to-use ATMs increased for over a decade up to 2017, with the majority of ATMs clustered in areas of high demand and footfall. LINK, the scheme that runs the UK’s ATM network, saw this situation as unsustainable. Therefore, in January 2018, LINK announced reductions to the interchange fee, while taking steps to preserve the broad geographic spread of free-to-use ATMs. This included protections for remote free-to-use ATMs, one kilometre or further from the next nearest free-to-use ATM or Post Office.</p><p> </p><p>In July 2018, LINK responded to lower transaction volumes at ATMs by cancelling the third reduction of interchange fees due in January 2020 and putting on hold the 4th reduction that was due in January 2021.</p><p> </p><p>More recently, LINK committed to protecting free access to cash on high streets – where there are five or more qualifying retailers – and announced £1 million to fund requests for new ATMs from local areas with poor access to cash. Furthermore, UK Finance – the trade association for the UK banking and financial services sector – has launched a Community Access to Cash Initiative, offering grants to local communities to improve cash access.</p><p> </p><p>As of June 2019, there were 48,500 free-to-use ATMs in the UK, which represented 78% of the total number of ATMs. This remains 21% higher than a decade ago.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 7626 question first answered 04/11/2019 16:02:09 answering member 4051 label Biography information for John Glen
tabling member	151 label Biography information for Tom Brake

1167559

registered interest
date	30/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made, if any, of the long-term economic benefit of leaving the EU with the new Brexit deal.
tabling member printed	Lord Taylor of Warwick
uin	HL567
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>The Withdrawal Agreement agreed with the EU ensures that we leave the EU in a smooth and orderly way, and will provide certainty for businesses and the economy. Leaving the Customs Union and Single Market allows the UK to pursue an ambitious FTA with the EU as sovereign equals, as well as striking trade deals with other international partners.</p><p> </p><p>The specifics of our future trading relationship with the EU will be the subject of the next phase of the negotiations. We will keep Parliament updated throughout the next phase of the negotiations and provide analysis at appropriate points.</p><p> </p><p>The OBR will, of course, continue to take Government policy – including the UK’s future relationship with the EU – as the basis for its economic and fiscal forecasts, and will provide its usual comprehensive analysis as part of these.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 12:58:45 answering member 3359 label Biography information for The Earl of Courtown
tabling member	1796 label Biography information for Lord Taylor of Warwick

1167259

registered interest
date	29/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Russia
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what oversight UK financial regulators have of the subsidiaries of the five main Russian banks subject to EU Council Regulation 833/2014.
tabling member printed	Lord Rooker
uin	HL527
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>The FCA is responsible for the regulation of the financial services sector and is operationally independent from Government. This question relates to the FCA and has been passed on to them. The FCA will reply directly to Lord Rooks by letter and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 12:55:59 answering member 3359 label Biography information for The Earl of Courtown
tabling member	302 label Biography information for Lord Rooker

1156553

registered interest
date	28/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Politics and Government
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to (1) formally recognise, and (2) protect, the interests of future generations.
tabling member printed	Lord Bird
uin	HL433
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>I refer my noble friend to the answer given to him on 28 October 2019 in response to Question HL10.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 12:58:22 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4564 label Biography information for Lord Bird

1156587

registered interest
date	28/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coinage
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many 50p coins to commemorate Brexit on 31 October have been minted.
tabling member printed	Lord Myners
uin	HL467
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>Approximately 1 million coins were minted in October to mark the UK’s exit from the European Union. Coins bearing this date will now be recycled and the value from the materials will be recouped by the Exchequer.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 14:29:32 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1156304

registered interest
date	24/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coinage
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many 50p coins were minted to mark the exit of the UK from the EU on (1) 29 March, and (2) 31 October; what was the cost of those operations; and what has been done with the coins so minted.
tabling member printed	Lord Hannay of Chiswick
uin	HL388
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>Approximately 1 million coins were minted in October to mark the UK’s exit from the European Union, in addition to 1,000 trial coins that were struck before March 29.</p><p> </p><p>Coins bearing these dates will now be recycled and the value from the materials will be recouped by the Exchequer.</p><p> </p><p>The cost of minting these coins is commercially sensitive.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 14:29:20 answering member 3359 label Biography information for The Earl of Courtown
tabling member	2167 label Biography information for Lord Hannay of Chiswick