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1136092

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings
	house id	1
	legislature	25259 pref label House of Commons
	question text	What steps he is taking to increase incentives for people to save.
	tabling member constituency	New Forest West
	tabling member printed	Sir Desmond Swayne
	uin	911692
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government has introduced a range of measures to support savers.</p><p>We have increased the amount of money that people can save into their ISAs each year to a record £20,000 and introduced a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.</p><p>Thanks to these measures, over 95% of people with savings income pay no tax on that income.</p><p> </p><p>The new Help to Save scheme is supporting working families on low incomes to build up a rainy-day fund by offering a 50% bonus on up to £50 of monthly saving.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:13:36 answering member 4051 label Biography information for John Glen
	tabling member	55 label Biography information for Sir Desmond Swayne

1136090

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation
	house id	1
	legislature	25259 pref label House of Commons
	question text	What recent assessment his Department has made of the short-term economic effect of the UK leaving the EU without a deal.
	tabling member constituency	Bethnal Green and Bow
	tabling member printed	Rushanara Ali
	uin	911690
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government has prepared extensively for a range of Brexit scenarios.</p><p> </p><p>But even with these preparations, leaving with “No Deal” would entail significant disruption in the short term. And in the long-term, the government’s analysis shows clearly that regions, nations and sectors of the UK would have lower economic output compared to today’s arrangements.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:11:29 answering member 4051 label Biography information for John Glen
	tabling member	4138 label Biography information for Rushanara Ali

1136091

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth and Employment
	house id	1
	legislature	25259 pref label House of Commons
	question text	What fiscal steps he is taking to increase (a) jobs and (b) economic growth.
	tabling member constituency	Southampton, Itchen
	tabling member printed	Royston Smith
	uin	911691
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>We have worked hard to build a stronger, fairer economy – dealing with the deficit, helping people into work, and cutting taxes for people, families, and businesses.</p><p> </p><p>The economy has grown continuously for the past nine years, employment is currently at a record high, unemployment is currently at the joint lowest rate since 1975, and real wages are rising.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 15:23:45 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4478 label Biography information for Royston Smith

1136089

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Expenditure
	house id	1
	legislature	25259 pref label House of Commons
	question text	What estimate he has made of the cost to the public purse of the proposals announced by the Prime Minister since 23 May 2019.
	tabling member constituency	Kingston upon Hull North
	tabling member printed	Diana Johnson
	uin	911689
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Prime Minister has made a number of announcements since 23 May, including on modern slavery and mental health. Where announcements have additional costs in 2019/20, they will be funded from existing departmental budgets.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 02/07/2019 12:45:19 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1533 label Biography information for Dame Diana Johnson

1134106

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	268448
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:20:00 answering member 4051 label Biography information for John Glen
	tabling member	3928 label Biography information for Nick Smith

1134089

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Crime Strategic Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, who will be attending the economic crime strategy board meeting on 10 July 2019.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	268540
	answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268541 268542 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
	tabling member	4657 label Biography information for Anneliese Dodds

1134841

	registered interest
	date	26/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Crime Strategic Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the minutes of the Economic Crime Strategy Board meetings will be published.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	269759
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The next Economic Crime Strategic Board will take place on 10 July 2019.</p><p>The Board will discuss the draft Economic Crime Plan and a joint public-private economic crime threat update. The outcomes of the meeting will be published in due course.</p><p> </p><p>The Board’s role is to set priorities, direct resources and scrutinise performance against the economic crime threat. The UK’s policy response to economic crime is set by the government.</p><p> </p><p>A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Economic Crime Plan. Following publication of the Plan, the government will review the governance around the overall response to economic crime.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 269755 269757 269758 question first answered 01/07/2019 15:31:40 answering member 4051 label Biography information for John Glen
	tabling member	4657 label Biography information for Anneliese Dodds

1134803

	registered interest
	date	26/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Borders: Northern Ireland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Northern Ireland Borders Steering Group, run by the Borders Delivery Group has met since 7 December 2018.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	269656
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Northern Ireland Borders Steering Group, run by the Border Delivery Group met on 27 February 2019. Members of the Steering Group were also included in a wider stakeholder call on 15 March 2019.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/07/2019 15:47:11 answering member 3991 label Biography information for Jesse Norman
	tabling member	1409 label Biography information for Mr Gregory Campbell

1134202

	registered interest
	date	24/06/2019
	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	To ask the Chancellor of the Exchequer, whether the Government plans to publish its Infrastructure Strategy alongside the Spending Review.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	268586
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The government welcomed the publication of the National Infrastructure Commission’s National Infrastructure Assessment (NIA) last year.</p><p> </p><p>As announced at Budget 2018 the Government will respond in full to the NIA through a National Infrastructure Strategy. At Spring Statement, the Chancellor confirmed his intention to publish the Strategy later this year, alongside the Spending Review.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 13:20:34 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4523 label Biography information for Catherine West

1134583

	registered interest
	date	25/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Crime Strategic Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether representatives from (a) academic institutions and (b) civil society were invited to sit on the Economic Crime Strategy Board.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	269131
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Economic Crime Strategic Board’s membership comprises senior representatives from the organisations – in both public and private sectors – most critical to tackling economic crime. This includes representatives from government departments, law enforcement, regulators and the banking, legal, accountancy and real estate sectors. The decision to have private sector representation reflects the regulated sector’s role as the first line of defence against economic crime.</p><p> </p><p>The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. It does not perform any role in determining regulators’ or law enforcement’s operational response to economic crime.</p><p> </p><p>Civil society and academic institutions have been consulted in the development of the Economic Crime Plan, a draft of which will be considered at the Board’s next meeting on 10th July. Following publication of the Plan, the government will be reviewing the overall governance for economic crime. This review will consider how civil society should be best engaged.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 269129 269130 269132 question first answered 01/07/2019 15:31:52 answering member 4051 label Biography information for John Glen
	tabling member	4657 label Biography information for Anneliese Dodds