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100746

	registered interest
	date	23/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering: EU Law
	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 potential effect of the proposed revision of EU Anti-Money Laundering Directive on individuals and companies in the UK.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	211714
	answer	answer is ministerial correction date of answer 30/10/2014 answer text <p>The 4<sup>th</sup> EU Anti-Money Laundering Directive transposes the global standards on anti-money laundering and counter-terrorism finance set by the Financial Action Task Force (FATF) in 2012. These standards further embed the risk-based approach, which allow obliged entities, including companies, to adopt anti-money laundering checks which are best suited to the risk they face in their everyday business. This allows for more proportionate and balanced anti-money laundering regimes across the EU including in the UK.</p><p> </p><p> </p><p> </p><p>The Directive is currently in its last stage of negotiations. The UK government is committed to publishing an impact assessment and to consulting on the implementation of the Directive before transposing its new requirements into UK legislation, in line with better regulation principles. This timing is necessary to ensure that any Impact Assessment accurately reflects any changes to the draft legislation agreed in negotiations.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 30/10/2014 16:46:41 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

101803

	registered interest
	date	30/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Housing: Construction
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what forecasts he has made of the long-term trends in house-building in each region and constituent part of the UK.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	212748
	answer	answer is ministerial correction date of answer 05/11/2014 answer text <p>The government does not publish forecasts of long term house building by region or constituency. However the Office for Budget Responsibility (OBR) includes housing market projections in its Economic and Fiscal Outlook. The next estimates are to be released on the 3<sup>rd</sup> December.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/11/2014 15:50:36 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

147447

	registered interest
	date	10/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Unions
	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 encourage saving through credit unions as a means of preventing poverty and payday loans.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	214140
	answer	answer is ministerial correction date of answer 20/11/2014 answer text <p>The Government is supportive of credit unions and has taken a number of steps to assist them, most recently including:</p><p> </p><ul><li><p>Investing up to £38 million in an expansion project for credit unions, aimed at helping credit unions expand and grow sustainably</p></li></ul><p> </p><ul><li>Issuing a Call for Evidence on credit unions, to which the Government will respond shortly.</li><li>Removing unnecessary restrictions on credit unions via the Legislative Reform Order that came into effect in January 2012.</li><li>These measures will help increase the capability of the credit union sector allowing it to become a viable option for financial services provision for an even wider range of consumers.</li></ul><p> </p><p> </p><p> </p><p>The Government is concerned about consumer detriment in the payday market and believes the FCA’s new, more robust regulatory system will help to improve protections for consumers who still choose to use pay day lenders.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 20/11/2014 17:49:06 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

167695

	registered interest
	date	03/12/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make representations at EU level to prevent an EU Mortgage Credit Directive from (a) significantly altering current regulatory practice in the UK and (b) increasing costs and administration for businesses and consumers.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	217072
	answer	answer is ministerial correction date of answer 10/12/2014 answer text <p><strong>The UK already has a robust regulatory regime to protect consumers in the UK mortgage market.</strong></p><p><strong> </strong></p><p><strong>Throughout the negotiation of the Mortgage Credit Directive (MCD), the UK focused on aligning its requirements as far as possible with the existing UK regulations, with a view to minimising the impact on UK industry and consumers.</strong></p><p><strong> </strong></p><p><strong>The Government’s proposed approach to the implementation of the MCD, as with the negotiations, is to minimise the impact on the UK market. For this reason the Government is proposing to build on the existing UK regulatory regime in our transposition of the MCD, rather than copy out the Directive into UK legislation.</strong></p><p><strong> </strong></p><p> </p><p><strong>This approach is set out in more detail in the Government’s consultation on the Implementation of the EU MCD, which closed on 31 October. A summary of responses to the consultation will be published in due course.</strong></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 10/12/2014 17:55:54 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

167704

	registered interest
	date	03/12/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Buy Scheme
	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 help home buyers aged over 40 acquire mortgages.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	216970
	answer	answer is ministerial correction date of answer 10/12/2014 answer text <p>The government has taken steps to support people who aspire to own their own home. The Help to Buy scheme has helped over 71,000 people to buy their home, and is available for first time buyers and those moving house. As announced in the Autumn Statement, the government is also cutting stamp duty for 98% of people who pay it by reforming the way that it is charged.</p><p> </p><p> </p><p>The Financial Conduct Authority (FCA) is responsible for the rules that protect consumers taking out a mortgage. In April this year the requirements on firms around responsible lending were strengthened with the introduction of the new rules known as the Mortgage Market Review. The operation of these rules is a matter for the FCA, whose day-to-day operations are independent from government.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 10/12/2014 17:59:36 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

77860

	registered interest
	date	15/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	First Time Buyers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the success of steps taken to encourage and facilitate first time buyers and young people to get onto the property ladder.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	205895
	answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>The Help to Buy scheme is helping hardworking people realise their home-owning aspirations across the UK. Over 27,000 households have bought a new home through Help to Buy so far, and 85 per cent of these have been first-time buyers. Between 2011/12 and 2013/14 11,000 first time buyers were helped through the FirstBuy scheme</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 22/07/2014 16:13:16 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

78064

	registered interest
	date	15/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Credit: Interest Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to ensure that pay day loan companies are restricted from deliberately intimidating their customers.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	205836
	answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>The Government has fundamentally reformed the regulation of the payday lending market. Regulatory responsibility for consumer credit transferred from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) on 1 April. The FCA has transposed key parts of the OFT’s Debt Collection Guidance into binding rules, which sets out the types of business practices considered unfair and incompatible with fitness to operate.</p><p> </p><p>The FCA is undertaking a thematic review into payday lenders’ debt collection practices to ensure that firms treat customers who are struggling with repayments fairly. The FCA expects to publish the final report early in 2015 which will set out what practices it has found across the market and how it expects all firms in the market to make sure they are observing the right standards of behaviour.</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 22/07/2014 16:15:04 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

78658

	registered interest
	date	17/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Credit: Interest Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to address concerns that payday loan companies are exploiting vulnerable people.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	206553
	answer	answer is ministerial correction date of answer 18/08/2014 answer text <p>The Government has fundamentally reformed regulation of the payday market, transferring regulatory responsibility for consumer credit regulation from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) from 1 April 2014. The FCA has a statutory objective to protect consumers.</p><p> </p><p>It is important that consumers are protected from unfair costs. The Government has therefore legislated to require the FCA to introduce a cap on the cost of payday loans, and the FCA is currently consulting on its cap proposals.</p><p> </p><p>The Government also strongly welcomes the FCA’s new rules for regulating payday lending, including action on rollovers and continuous payment authorities (CPAs). Payday lenders are also required to adhere to the FCA’s high level principles of business, including that of ‘treating customers fairly’.</p><p> </p><p> </p><p>The FCA has also introduced affordability rules to strengthen consumer protection, based on the principle that money should only be lent to a consumer if they can afford it.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 18/08/2014 09:50:24 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

428757

	registered interest
	date	17/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits: Northern Ireland
	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 Northern Ireland Executive on tax credits since 25 October.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	16663
	answer	answer is ministerial correction date of answer 24/11/2015 answer text <p>Treasury Ministers have regular discussions with Ministers of the devolved administrations and with politicians of all parties on a range of topics.</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 24/11/2015 14:27:21 answering member 3969 label Biography information for Damian Hinds
	tabling member	1388 label Biography information for Lord Dodds of Duncairn

428759

	registered interest
	date	17/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Fuels: Tax Evasion
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what his estimate is of revenue lost to the Exchequer through fuel laundering in Northern Ireland in each year since 2010.
	tabling member constituency	Belfast North
	tabling member printed	Mr Nigel Dodds
	uin	16637
	answer	answer is ministerial correction date of answer 24/11/2015 answer text <p>Estimates of total revenue losses associated with fuel fraud in Northern Ireland are published in chapter 5 of ‘Measuring Tax Gaps 2015'. These estimates cannot be disaggregated by type of fraud such as smuggling or laundering.</p><br /><p><a href="https://www.gov.uk/government/statistics/measuring-tax-gaps" target="_blank">https://www.gov.uk/government/statistics/measuring-tax-gaps</a></p><p><br></p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 24/11/2015 14:28:19 answering member 3969 label Biography information for Damian Hinds
	tabling member	1388 label Biography information for Lord Dodds of Duncairn