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1544884

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services and Banking Hubs
	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 potential impact of the Financial Services and Markets Bill on (a) preventing the loss of local access to cash and banking services, (b) support for local communities to create banking hubs and (c) protecting free access to cash and in-person banking services.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	94876
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>The way consumers and businesses make payments and interact with their banking continues to develop at pace, bringing significant benefits to those who choose to opt for the convenience, security, and speed of digital payments and banking.</p><p> </p><p>The government is currently taking legislation through Parliament as part of the Financial Services and Markets Bill to protect access to cash. The Bill will establish the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities. These powers will allow the FCA to take account of factors it considers appropriate, which could include cost for end users and accessibility.</p><p> </p><p>Following the government’s commitment to legislate, industry is working together to develop new initiatives to provide shared access to cash services. As a result, communities can request an assessment of access to cash in their area by LINK: <a href="https://www.link.co.uk/consumers/request-access-to-cash/" target="_blank">https://www.link.co.uk/consumers/request-access-to-cash/</a></p><p> </p><p>The government has welcomed industry’s commitments and, in recognition of these developments, the Bill grants HM Treasury powers to bring the operators of cash coordination arrangements under the FCA’s oversight.</p><p> </p><p>In terms of access to banking services, the government believes that all customers, wherever they live, should have appropriate access to banking services. However, decisions on opening and closing branches are a commercial issue for banks and building societies. The government does not intervene in these decisions or make direct assessments of these branch networks.</p><p> </p><p>Guidance from the FCA sets out its expectation of firms when they are taking decisions relating to the closure of their branches or free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on the everyday banking and cash access needs of their customers and possible alternative access arrangements. This ensures that the implementation of closure decisions is undertaken in a way that treats customers fairly. The FCA expects firms to exercise particular care with vulnerable customers, such as those who are elderly or disabled, and the guidance has recently been strengthened to enhance protections for consumers that rely on branch services.</p><p> </p><p>Alternative options for access can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. Furthermore, industry has committed to new shared bank hubs in 27 locations across the UK to date, in addition to two existing pilot sites. These hubs provide basic banking services, including cash withdrawals and deposits, and a dedicated space where community bankers from participating banks can meet customers of that bank.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 28/11/2022 13:37:22 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4786 label Biography information for Zarah Sultana

1544815

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Remote Working
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and proportion of people were working from home (a) one, (b) two, (c) three, (d) four and (e) five days a week (i) as of 16 November 2022 and (ii) in November 2021; if he will make an assessment of the potential impact of trends in the number of people working from home on the economy; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	94692
	answer	answer is ministerial correction date of answer 28/11/2022 answer text According to ONS Annual Population Survey and Opinions and Lifestyle Survey data, the pandemic resulted in an increase in the proportion of workers that worked at least partially from home: from an average of 19 per cent of workers across 2019 to a peak of around 50 per cent in June 2020. This proportion fell to 30 per cent in November 2021. The latest data indicates that 38 per cent of workers were working at least partly from home in the period between 26 October and 6 November 2022.<p> </p>The long-term economic impacts of greater remote working are still highly uncertain. The Government is committed to supporting individuals and businesses to work flexibly. answering member constituency South Suffolk answering member printed James Cartlidge question first answered 28/11/2022 16:16:14 answering member 4519 label Biography information for James Cartlidge
	tabling member	1200 label Biography information for Sir Greg Knight

1543970

	registered interest
	date	21/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Oil: Russia
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the value is of oil originating in the Russian Federation and imported through other countries and accepted in British ports in each of the last six months.
	tabling member constituency	Rhondda
	tabling member printed	Chris Bryant
	uin	92127
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>HM Revenue &amp; Customs (HMRC) is responsible for the collection and publication of data on imports and exports of goods to and from the UK. HMRC releases this information monthly, as a National Statistic called the Overseas Trade in Goods Statistics, which is available via their dedicated website (<em><a href="http://www.uktradeinfo.com/" target="_blank">www.uktradeinfo.com</a></em>). From this website, it is possible to build your own data tables based upon bespoke search criteria, and download bulk datasets.</p><p>The published statistics show that there were no imports of crude oil (falling under commodity code 2709 0090 00) originating from the Russian Federation imported into the UK via another country in the last 6 months.</p><p> </p><p>In the same period, the value of such goods imported direct from the Russian Federation was £58,532,668 (in April 2022).</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/11/2022 09:05:16 answering member 4399 label Biography information for Victoria Atkins
	tabling member	1446 label Biography information for Sir Chris Bryant

1543653

	registered interest
	date	18/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, for what reason he decided not to introduce a higher windfall tax levy on oil and gas companies as part of the Autumn Statement 2022.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	90840
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>At Autumn Statement, the Chancellor announced that the rate of the Energy Profits Levy will increase by ten percentage points, taking it from 25% to 35%, effective from 1 January 2023. This is on top of the 40% tax rate under the permanent regime bringing the combined headline tax rate for the sector to 75%. In addition, the levy has been extended until 31 March 2028.</p><p> </p><p>The government has always sought to balance delivering a fair return for the UK from the use of its resources while providing the right conditions to attract investment in the North Sea that is key to support domestic jobs and the nation’s energy security.</p><p> </p><p>The Office for Budget Responsibility’s most recent published forecast, provided for Autumn Statement 2022, estimates revenues from the levy are expected to be £41.6 billion between 2022-23 and 2027-28.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 28/11/2022 16:12:56 answering member 4519 label Biography information for James Cartlidge
	tabling member	4471 label Biography information for Rachael Maskell

1544928

	registered interest
	date	23/11/2022
	answering body	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 the Chancellor of the Exchequer, whether he has made an assessment of the potential impact on the economy of someone losing their home due to being able to afford the cost of mortgage payments.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	94802
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>Arrears and repossession levels remain low: according to UK Finance data, 700 residential mortgaged properties were repossessed in Q3 2022, compared to 1,070 in Q1 2020 (pre-pandemic). The Government of course remains watchful of any emerging trends in this space.</p><p> </p><p>It is worth noting though that around 75% of residential mortgage borrowers are on fixed-rate deals and therefore shielded from interest rate rises in the near term. If mortgage borrowers do fall into financial difficulty, Financial Conduct Authority (FCA) guidance requires firms to provide support through tailored forbearance options. The Government has also taken a number of measures aimed at helping people to avoid repossession, including Support for Mortgage Interest loans for those in receipt of an income-related benefit, and protection in the courts through the Pre-Action Protocol, which makes clear that repossession must always be the last resort for lenders.</p><p> </p><p>More broadly, the Government has taken decisive action to support households across the UK through the cost-of-living challenges ahead, whilst remaining fiscally responsible. In addition to the £37 billion of support for the cost of living already announced for 2022-23, the Government has announced further support for next year designed to target the most vulnerable households. This cost-of-living support is worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities. The Government is also continuing to provide support to all households through the Energy Price Guarantee, which will save the average UK household £500 in 2023-24.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 28/11/2022 14:27:21 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4471 label Biography information for Rachael Maskell

1543652

	registered interest
	date	18/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cost Effectiveness
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to paragraph 2.23 of the Autumn Statement, CP 751 published on 17 November 2022, what amount of efficiency savings he expects each Department to make.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	90839
	answer	answer is ministerial correction date of answer 28/11/2022 answer text The Efficiency and Savings Review will keep spending focused on the government’s priorities and help manage pressures from higher inflation. Government departments will continue to identify efficiency savings in day-to-day budgets. We need to be ambitious as a government in finding ways of working even more efficiently and focus spending where it delivers the greatest value for the taxpayer. The government will report on progress in the Spring. answering member constituency Salisbury answering member printed John Glen question first answered 28/11/2022 13:35:01 answering member 4051 label Biography information for John Glen
	tabling member	4471 label Biography information for Rachael Maskell

1544355

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Income: Birmingham
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the potential fall in real household disposable income in Birmingham in the (a) 2022-23 and (b) 2023-24 financial years.
	tabling member constituency	Birmingham, Edgbaston
	tabling member printed	Preet Kaur Gill
	uin	93602
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>HM Treasury does not prepare formal forecasts for household income or the outlook for the UK economy, which are the responsibility of the independent Office for Budget Responsibility (OBR). The OBR does not forecast household income for different UK regions.</p><p> </p><p>Prior to recent support announcements, the OBR forecast UK wide real household disposable income per person to fall by 4.3% in 2022/23 and 2.8% in 2023/24, and to start recovering from Q4 2023.</p><p> </p><p>The government has announced further support for next year designed to target the most vulnerable households. This cost of living support is worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities. This support for 2023-24 is in addition to the generous support already in place to support households this winter. In addition to the Energy Price Guarantee, the government has announced £37 billion of support for the cost of living in 2022-23.</p><p> </p><p>The OBR estimated that government support helps offsets half of the fall in RHDI per person that would have otherwise occurred in 2022/23, and around a quarter of the cumulative fall between 2021/22 and 2023/24.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 28/11/2022 13:47:57 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4603 label Biography information for Preet Kaur Gill

1544051

	registered interest
	date	21/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation: Rebates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his planned timetable is for the publication of responses to the consultation entitled Raising standards in tax advice: protecting customers claiming tax repayments, published on 22 June 2022.
	tabling member constituency	Bradford West
	tabling member printed	Naz Shah
	uin	92246
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>The consultation referred to ran for 12 weeks and closed on 14 September 2022. The Government will publish a response in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/11/2022 14:25:00 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4409 label Biography information for Naz Shah

1545063

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tobacco: Smuggling
	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 include Trading Standards officers in the HMRC with the power to fine retailers for selling illicit tobacco products.
	tabling member constituency	Ealing, Southall
	tabling member printed	Mr Virendra Sharma
	uin	94724
	answer	answer is ministerial correction date of answer 28/11/2022 answer text <p>Trading Standards officers are not part of HMRC. They are a separate local government service.</p><p> </p><p>However, HMRC works very closely with TS to tackle illicit tobacco. HMRC introduced legislation for tougher sanctions to tackle illicit tobacco sales in Finance Act 2022 including a new civil penalty of up to £10,000 for serious breaches. The new sanctions will take the innovative approach of HMRC and Trading Standards (TS) both working together to enforce them. Secondary legislation will be introduced next year setting out the detail on how the sanctions will operate.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 28/11/2022 16:14:49 answering member 4519 label Biography information for James Cartlidge
	tabling member	1604 label Biography information for Mr Virendra Sharma

1544849

	registered interest
	date	23/11/2022
	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, if he will issue guidance to pension providers on whether changes to the Protected Pension Age will allow an unqualified right to access tax-privileged pension savings at a younger age than the increase to NMPA from 2028.
	tabling member constituency	North Durham
	tabling member printed	Mr Kevan Jones
	uin	94701
	answer	answer is ministerial correction date of answer 28/11/2022 answer text Members of pension schemes which gave an unqualified right to access their pension benefits before age 57 will receive a protected pension age when the normal minimum pension age increases from 55 to 57 in April 2028. HMRC has published guidance on this protection regime in The Pensions Tax Manual. answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 28/11/2022 13:40:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1438 label Biography information for Mr Kevan Jones