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1349283

	registered interest
	date	21/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Institutions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will take steps to help improve the ability of high street bank customers to (a) challenge and (b) scrutinise past decisions made by financial institutions which have caused hardship and distress, including the repossession of a property.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	37485
	answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>In most circumstances, the provision of a bank’s services is a commercial decision for the bank and the Government does not intervene in these decisions. The terms and conditions of the contract between the two parties govern that contract, and although the Treasury sets the legal framework for the regulation of financial services it does not have investigative or prosecuting powers of its own.</p><p> </p><p>Disputes arising between a bank and its customers is usually best resolved by the parties involved. The Financial Conduct Authority (FCA) rules require the banks to properly investigate all complaints and, through ongoing supervision, it continues to monitor the banks’ complaint handling processes. If customers are unable to resolve the issue with their bank, they will be eligible for further review by the Financial Ombudsman Service (FOS). The FOS provides a free, independent dispute resolution service for bank customers.</p><p> </p><p>The Government has also taken action aimed at helping people avoid repossession, including Support for Mortgage Interest (SMI) loans to homeowners on a low income and protection in the courts through the Pre-Action Protocol which makes it clear that repossession must always be the last resort for lenders. As lenders should only take steps to enforce a repossession order as a last resort, it is vital that homeowners who are having trouble paying their mortgage, or are worried about meeting payments in future, make early contact with their lender.</p><p> </p><p>Homeowners who are worried about their mortgage payments may also want to get in touch with Money Helper which has been set up by Government to support consumers with comprehensive, consistent, guidance for every stage of their financial lives. It offers free and impartial information on money matters, available to all online at: <a href="http://www.moneyhelper.org.uk" target="_blank">www.moneyhelper.org.uk</a>, or by calling the Money Helper helpline on 0800 138 7777.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/09/2021 12:40:42 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner

1234274

	registered interest
	date	15/09/2020
	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 steps he is taking to support regional economies.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	906079
	answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.</p><p> </p><p>At the Summer Economic Update, the Chancellor announced the Government’s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 906093 question first answered 15/09/2020 13:05:20 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner

1220280

	registered interest
	date	02/07/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: UK Relations with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many of the 28 questionnaires sent from the European Commission on areas where equivalence assessments are possible the Government has answered; and whether the Government plans to answer the remaining questionnaires.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	68354
	answer	answer is ministerial correction date of answer 09/07/2020 answer text <p>As I set out at the Lords’ EU Services Sub-Committee last Thursday, the questionnaires that the EU have sent as part of their assessment process of the UK’s equivalence framework amount to over 1000 pages of extremely technical questions, the last 250 pages of which only reached us at the end of May. My officials have been responding to these questions as quickly as possible and will return the remaining questionnaires by the end of this week.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/07/2020 10:46:42 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner

1217546

	registered interest
	date	24/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Consumer Goods: Payments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the effect of Government guidance on contactless payments on the level of access to (a) goods and (b) services for people who do not have a bank account.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	64212
	answer	answer is ministerial correction date of answer 03/07/2020 answer text <p>One of the impacts of the Covid-19 virus has been a decline in cash withdrawals and usage. Current BEIS guidance to retailers for working safely during COVID-19 advises minimising contact around transactions, for example, considering using contactless payments. The Government and regulators are closely engaged with industry on an ongoing basis to monitor risks to the cash system.</p><p>The Government recognises that many businesses and individuals rely on cash in their daily lives. At the March 2020 Budget, the Chancellor announced that Government will bring forward legislation to protect access to cash. The Government is engaging with regulators and industry while designing legislation, ensuring that the approach reflects the needs of cash users across the economy.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/07/2020 09:51:40 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner

1142864

	registered interest
	date	02/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Conduct Authority: Conduct
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment has been made of the potential merits of an independent inquiry into the conduct of the FCA prior to the collapse of Lendy.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	284368
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government has made no such assessment at this time. The operationally independent Financial Conduct Authority has an ongoing investigation into the circumstances that led to the administration of Lendy, and it would be inappropriate for the Government to pre-empt its findings.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:27:31 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner

864296

	registered interest
	date	15/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of (a) private and (b) public investment in the economy in each year since 2000; and how that investment compares with other G8 countries.
	tabling member constituency	Cambridge
	tabling member printed	Daniel Zeichner
	uin	132780
	answer	answer is ministerial correction date of answer 22/03/2018 answer text <p>Private investment (business investment) in the UK has increased by 16.5% since Q1 2000. General government investment in the UK has increased by 140.3% since Q1 2000. Out of the G8, the UK experienced one of the largest declines in gross fixed capital formation (whole economy investment) following the financial crisis. However, the UK’s growth since the recession was among the fastest out of the G8. The Government has taken steps to increase the levels of both private and public investment by creating a stable and competitive tax system and initiatives like the National Productivity Investment Fund, which was increased to over £31bn at Autumn Budget 2017.</p> answering member constituency Salisbury answering member printed John Glen question first answered 22/03/2018 12:24:54 answering member 4051 label Biography information for John Glen
	tabling member	4382 label Biography information for Daniel Zeichner