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1675821

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his (a) letter to the Governor of the Bank of England on the remit and responsibilities of the Financial Policy Committee, dated 22 November 2023 and (b) correspondence entitled Financial Policy Committee Remit and Recommendations: Autumn Statement 2022, published on 17 November 2022, for what reason his letter dated 22 November 2023 did not include climate change and energy security in his four priorities for the Committee.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	5505
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The Chancellor of the Exchequer is responsible for setting the Remit for the Financial Policy Committee (FPC) once per year, and may also make recommendations regarding matters the FPC should consider as relevant to its primary financial stability objective and its secondary objective to support the Government’s economic policy.</p><p> </p><p>The FPC's remit is an important accountability mechanism to ensure the Committee has a clear framework through which it can make policy decisions and consider any trade-offs. This is important given the complexity of the FPC’s work.</p><p> </p><p>Yearly updates to the Remit ensure that it reflects the current economic context, the Government’s policy, as well as the FPC’s responsibilities and powers. Climate change is stated clearly as an important part of the FPC's remit: both due to the relevance of climate related risks to the Committee’s primary financial stability objective, and because increasing long-term energy security and delivering Net Zero is set out as a key component of the government's economic policy. The Committee has a secondary objective to support the Government's economic policy.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 13/12/2023 12:39:30 answering member 4639 label Biography information for Bim Afolami
tabling member	3930 label Biography information for Caroline Lucas

1675826

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Gibraltar
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to permit protected cell companies to insure defined benefit pension plans in the United Kingdom to match the regulations in Gibraltar.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	5507
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The Government keeps all legislation under review and actively seeks to learn from international jurisdictions. However, there are currently no plans to allow protected cell companies to insure defined benefit pension plans in the UK.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 13/12/2023 12:40:56 answering member 4639 label Biography information for Bim Afolami
tabling member	4107 label Biography information for Dame Harriett Baldwin

1675833

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Employment Tribunals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many employment tribunals were brought by employees of their Department in the last 12 months.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	5510
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>Employment Tribunals are the judicial body with responsibility for workplace justice, being the main forum for deciding disputes between workers and employers.There is no central Civil Service Policy on Employment Tribunals.</p><p> </p><p>Employment Tribunals are administered by HM Courts &amp; Tribunals Service and as such guidance is provided by HMCTS.</p><p> </p><p>Details of all employment tribunal decision outcomes are available on GOV.UK: <a href="https://www.gov.uk/employment-tribunal-decisions" target="_blank">https://www.gov.uk/employment-tribunal-decisions</a>.</p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 13/12/2023 12:46:11 answering member 4850 label Biography information for Gareth Davies
tabling member	4006 label Biography information for Dr Matthew Offord

1675921

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Natwest: Shares
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2023, whether his Department has appointed advisers to review the potential merits of a NatWest retail share offer.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	5600
answer	answer is ministerial correction date of answer 15/12/2023 answer text <p>At Autumn Statement 2023, the Chancellor set out that, as part of the plan to return NatWest to the private sector, the government will explore options to launch a share sale to retail investors in the next 12 months, subject to supportive market conditions and achieving value for money<em>.</em> Commercial advisers will be required to support the government’s assessment of options for a retail offer and any decisions regarding the merits of an offer will be taken by ministers in due course.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/12/2023 08:21:23 answering member 4639 label Biography information for Bim Afolami
tabling member	4787 label Biography information for James Wild

1675934

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: ICT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the guidance by the Central Digital and Data Office entitled Guidance on the Legacy IT Risk Assessment Framework, published on 29 September 2023, how many red-rated IT systems are used by HMRC as of 6 December 2023.
tabling member constituency	Reading East
tabling member printed	Matt Rodda
uin	5608
answer	answer is ministerial correction date of answer 11/12/2023 answer text <p>The information held about Red Rated Systems is sensitive and can not be disclosed due to security considerations.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 11/12/2023 16:23:49 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4654 label Biography information for Matt Rodda

1675950

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Portsmouth
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department is taking steps to maintain the provision of free-to-use ATMs in Portsmouth South constituency.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	5620
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The government recognises that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups or who are reliant on cash as a payment method.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect free access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of free cash withdrawal and deposit facilities. This will help prevent financial exclusion for those who are reliant on access to cash.</p><p> </p><p>The government published a policy statement earlier this year. This stated that consideration should be taken of the degree to which services meet local needs in relation to both business and personal use. The government’s policy statement is available at: Cash Access Policy Statement.</p><p> </p><p>The FCA is currently holding a consultation on its proposed regulatory approach, ahead of this coming into effect by Q3 2024: <a href="https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash" target="_blank">https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 5621 5622 question first answered 13/12/2023 12:37:46 answering member 4639 label Biography information for Bim Afolami
tabling member	4653 label Biography information for Stephen Morgan

1675952

registered interest
date	06/12/2023
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, what steps his Department is taking to prevent financial exclusion for people reliant on access to cash.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	5621
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The government recognises that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups or who are reliant on cash as a payment method.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect free access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of free cash withdrawal and deposit facilities. This will help prevent financial exclusion for those who are reliant on access to cash.</p><p> </p><p>The government published a policy statement earlier this year. This stated that consideration should be taken of the degree to which services meet local needs in relation to both business and personal use. The government’s policy statement is available at: Cash Access Policy Statement.</p><p> </p><p>The FCA is currently holding a consultation on its proposed regulatory approach, ahead of this coming into effect by Q3 2024: <a href="https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash" target="_blank">https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 5620 5622 question first answered 13/12/2023 12:37:46 answering member 4639 label Biography information for Bim Afolami
tabling member	4653 label Biography information for Stephen Morgan

1675955

registered interest
date	06/12/2023
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, if his Department will make an assessment of the potential merits of reviewing the level of the interchange fee set by LINK to help ensure that there is no cost to customers for using ATMs.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	5622
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The government recognises that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups or who are reliant on cash as a payment method.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect free access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of free cash withdrawal and deposit facilities. This will help prevent financial exclusion for those who are reliant on access to cash.</p><p> </p><p>The government published a policy statement earlier this year. This stated that consideration should be taken of the degree to which services meet local needs in relation to both business and personal use. The government’s policy statement is available at: Cash Access Policy Statement.</p><p> </p><p>The FCA is currently holding a consultation on its proposed regulatory approach, ahead of this coming into effect by Q3 2024: <a href="https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash" target="_blank">https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 5620 5621 question first answered 13/12/2023 12:37:46 answering member 4639 label Biography information for Bim Afolami
tabling member	4653 label Biography information for Stephen Morgan

1676055

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Mid Bedfordshire
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 potential impact of interest rates on the number of mortgage defaults in Mid Bedfordshire constituency.
tabling member constituency	Mid Bedfordshire
tabling member printed	Alistair Strathern
uin	5729
answer	answer is ministerial correction date of answer 11/12/2023 answer text <p>The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers.</p><p> </p><p>The path to lower interest rates is through low inflation. The independent Monetary Policy Committee continues to have the Government’s full support as it takes action to return inflation to target. The Government’s Mortgage Charter - in addition to the significant safeguards already in place - is providing support to vulnerable households; and mortgage arrears and repossessions remain low.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 11/12/2023 16:26:08 answering member 4639 label Biography information for Bim Afolami
tabling member	5000 label Biography information for Alistair Strathern

1676099

registered interest
date	06/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Assets: Russia
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what estimate they have made of the total value of Russian state assets in the UK.
tabling member printed	Lord Alton of Liverpool
uin	HL904
answer	answer is ministerial correction date of answer 18/12/2023 answer text <p>In conjunction with our partners, we have immobilised approximately $280 billion of the Russian Central Bank’s (CBR) foreign currency reserves globally. The CBR’s assets are not subject to an asset freeze but have been immobilised in the UK as it is prohibited to provide financial services in respect of these assets. HM Treasury is working closely with relevant authorities to map the scale and nature of these assets.</p><p> </p><p>The Government will legislate to require persons to inform HM Treasury if they hold any foreign exchange reserves or assets in the UK on behalf of the Central Bank of Russia, Russian Ministry of Finance or Russian National Wealth Fund.</p><p> </p><p>Separately, the Government has imposed asset freezes against designated persons under the Russia Sanctions regime. Between February and October 2022, £18.39 billion in frozen funds were reported to the Office of Financial Sanctions Implementation (OFSI) in relation to this regime.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 18/12/2023 13:01:29 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	738 label Biography information for Lord Alton of Liverpool