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885139

registered interest
date	17/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Carillion: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	What effect the liquidation of Carillion has had on his Department’s policy on public sector contracts and the private finance initiative.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	904789
answer	answer is ministerial correction date of answer 17/04/2018 answer text <p>When Carillion went into liquidation we made sure public services kept running and we did not bail out any private sector contractors. We did not reward failure.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 17/04/2018 14:59:47 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4667 label Biography information for Mike Amesbury

885140

registered interest
date	17/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure
house id	1
legislature	25259 pref label House of Commons
question text	What assessment his Department has made of the effect of its planned investment in infrastructure on the environment.
tabling member constituency	Cardiff North
tabling member printed	Anna McMorrin
uin	904791
answer	answer is ministerial correction date of answer 17/04/2018 answer text <p>This government is committed to being the first generation to leave the environment in a better state than we inherited, as set out in our 25 year Environment Plan.</p><p> </p><p>On infrastructure, we will spend over £1bn per year by 2020 through the Renewable Heat Incentive to support renewable and low-carbon heating.</p><p> </p><p>And, on transport, we are investing £1bn in supporting the take up of low emission vehicles and £48bn on rail infrastructure between 2019 and 2024 to take polluting cars and lorries off our roads.</p><p> </p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 17/04/2018 15:45:09 answering member 3996 label Biography information for Andrew Jones
tabling member	4632 label Biography information for Anna McMorrin

885141

registered interest
date	17/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to support businesses and strengthen the market economy.
tabling member constituency	Witney
tabling member printed	Robert Courts
uin	904792
answer	answer is ministerial correction date of answer 17/04/2018 answer text <p>This government aims to create an environment to help businesses to succeed. We are keeping taxes low, and ensuring firms can access the skills and support they need.</p><p> </p><p>We have cut corporation tax to 19%, the lowest rate in the G20, and are developing a National Retraining Scheme so we are ready to seize opportunities in the new economy.</p><p> </p><p>It is through measures like these, and the power of a vibrant and competitive market economy, that we will further drive growth and prosperity, encourage innovation and help raise living standards across the UK</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/04/2018 15:01:39 answering member 4051 label Biography information for John Glen
tabling member	4589 label Biography information for Robert Courts

884868

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	WHO Framework Convention on Tobacco Control
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether the UK will have completed all preliminary steps to allow ratification of the WHO Framework Convention on Tobacco Control Protocol to Eliminate Illicit Trade in Tobacco Products before 2 July 2018; and if he will make a statement.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	135856
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The government is fully committed to the Protocol and its ratification and I can confirm that the preliminary steps to achieve this have begun. Subject to Parliamentary approval, the government plans to complete the ratification process before 2 July 2018.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/04/2018 12:11:52 answering member 4320 label Biography information for Robert Jenrick
tabling member	4488 label Biography information for Martyn Day

884896

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on promoting the use of digital currencies; and what impact assessment has been carried out on the economic benefits of regulating that sector.
tabling member constituency	Belfast East
tabling member printed	Gavin Robinson
uin	135884
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>As announced in the Fintech sector strategy in March, the government is establishing a Cryptoassets Taskforce made up of the Treasury, the Bank of England, and the Financial Conduct Authority.</p><p> </p><p>The Taskforce will explore further the challenges of cryptoassets and the opportunities of the underlying distributed ledger technology in financial services, as well as assess the future response of the appropriate authorities, including around regulation.</p><p> </p><p>The Taskforce will publish its final report in summer 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2018 11:30:26 answering member 4051 label Biography information for John Glen
tabling member	4360 label Biography information for Gavin Robinson

884922

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that banks maintain records for longer than five years in response to possible legal actions on the mis-selling of (a) tailored business loans and (b) other financial products to small businesses.
tabling member constituency	City of Chester
tabling member printed	Christian Matheson
uin	135910
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>Oversight of banks’ <ins class="ministerial">record-keeping </ins>processes <ins class="ministerial">for regulated activities, certain related activities, and other ancillary services specifically covered under EU law </ins> <del class="ministerial">and redress schemes regarding the mis-selling of tailored business loans and other financial products to small businesses</del> is the responsibility of the operationally independent Financial Conduct Authority.</p><p><ins class="ministerial">For other activities, such as traditional commercial lending, including Tailored Business Loans, record keeping processes are not subject to FCA requirements and are therefore legal and commercial decisions for banks.</ins></p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2018 13:12:12 question first ministerially corrected 15/06/2018 13:21:14 answering member 4051 label Biography information for John Glen previous answer version 53154 answering member constituency Salisbury answering member printed John Glen answering member 4051 label Biography information for John Glen
tabling member	4408 label Biography information for Christian Matheson

884925

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to ensure there is (a) transparency, (b) fairness and (c) integrity in the work of the Financial Conduct Authority; and whether he plans to take any further steps to ensure those criteria are met.
tabling member constituency	Welwyn Hatfield
tabling member printed	Grant Shapps
uin	135913
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>The Government has given the Financial Conduct Authority (FCA) three statutory objectives – securing an appropriate degree of protection for consumers, protecting and enhancing the integrity of the financial system, and promoting effective competition in the interests of consumers. The FCA must also have regard to eight regulatory principles, including transparency - exercising its functions as openly as possible - and proportionality - ensuring any regulation is appropriate and fair, considering costs and benefits.</p><p> </p><p>The FCA is accountable to the Treasury and to Parliament. For example, the Treasury appoints members to the FCA Board, and the FCA’s annual report and accounts must be laid in Parliament by the Treasury.</p><p> </p><p>The Government is satisfied that the current legislative framework ensures there is transparency, fairness, and integrity in the work of the FCA.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2018 13:48:14 answering member 4051 label Biography information for John Glen
tabling member	1582 label Biography information for Grant Shapps

884940

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gift Aid
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much gift aid was claimed by fundraising platforms through fees in each of the last five years.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	135928
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The information requested on gift aid claimed by fundraising platforms on behalf of charities, is not readily available and could only be provided at disproportionate cost. Charities gift aid data cannot be readily broken down to identify such a group of charities, or to identify specific fundraising methods.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/04/2018 12:07:07 answering member 4320 label Biography information for Robert Jenrick
tabling member	4607 label Biography information for Stephanie Peacock

884998

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he plans to extend to the annuity market the freedom that people have to access their pensions.
tabling member constituency	South Thanet
tabling member printed	Craig Mackinlay
uin	135986
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>The government announced in October 2016 that it would not be continuing with proposals to remove the restrictions on the sale of existing annuities.</p><p> </p><p>As these proposals progressed it became increasingly clear that the conditions required for a competitive market to emerge, with multiple buyers and sellers of annuities, could not be balanced with sufficient consumer protections.</p><p> </p><p>This could have led to consumers receiving poor value for their annuity income streams and suffering higher costs in the sales process. Consumer protection is a top priority for the government and it would not have been acceptable to allow a market to develop which could produce poor outcomes for consumers.</p><p> </p><p>There are no plans to review the decision not to continue with proposals for a secondary market in annuities at this time.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 135987 question first answered 19/04/2018 11:33:42 answering member 4051 label Biography information for John Glen
tabling member	4529 label Biography information for Craig Mackinlay

884999

registered interest
date	16/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps the Government is taking to help enable people with annuities to access liquidity from their products as a result of changes to their financial circumstances.
tabling member constituency	South Thanet
tabling member printed	Craig Mackinlay
uin	135987
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>The government announced in October 2016 that it would not be continuing with proposals to remove the restrictions on the sale of existing annuities.</p><p> </p><p>As these proposals progressed it became increasingly clear that the conditions required for a competitive market to emerge, with multiple buyers and sellers of annuities, could not be balanced with sufficient consumer protections.</p><p> </p><p>This could have led to consumers receiving poor value for their annuity income streams and suffering higher costs in the sales process. Consumer protection is a top priority for the government and it would not have been acceptable to allow a market to develop which could produce poor outcomes for consumers.</p><p> </p><p>There are no plans to review the decision not to continue with proposals for a secondary market in annuities at this time.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 135986 question first answered 19/04/2018 11:33:42 answering member 4051 label Biography information for John Glen
tabling member	4529 label Biography information for Craig Mackinlay