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1649319

	registered interest
	date	30/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Buy Scheme and Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to take steps to review the (a) Lifetime ISA and (b) help-to-buy property price thresholds.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	191895
	answer	answer is ministerial correction date of answer 05/07/2023 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK except for Inner London, where the average price paid is affected by Boroughs with very high property values.</p><p> </p><p>The Government keeps all aspects of the savings tax regime under review.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/07/2023 13:07:51 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1649320

	registered interest
	date	30/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	191896
	answer	answer is ministerial correction date of answer 05/07/2023 answer text <p>The LISA is designed to support people to achieve the aspiration of homeownership, or to build up savings for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal illness or from the age of 60.</p><p> </p><p>Although the government recognises that some individuals may wish to access their LISA savings for purposes other than those listed above, the Government considers that the charge is needed to protect the LISA’s status as a long-term savings product.</p><p> </p><p>Removing or reducing the withdrawal charge would not be consistent with this and would encourage the use of LISAs in ways for which they were not intended.</p><p> </p><p>The Government keeps all aspects of the savings tax regime under review.</p><p><strong> </strong></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/07/2023 13:05:55 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1654638

	registered interest
	date	20/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has considered the potential merits of increasing the premium bond investment ceiling.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195346
	answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The Government keeps the Premium Bond investment limit under review, to ensure that the limit continues to reflect the interests of savers, taxpayers, and the wider financial sector.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:39:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1654639

	registered interest
	date	20/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Interest Rates
	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 help support homeowners who are unable to make mortgage payments following increases in interest rates in the last 12 months.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195347
	answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers.</p><p> </p><p>On Friday 23 June the Chancellor met with the UK’s largest mortgage lenders, UK Finance and the Financial Conduct Authority to discuss how lenders will provide support for those who encounter problems keeping up with their mortgage payments. At this meeting, lenders agreed to a new Mortgage Charter to support borrowers struggling with their mortgage payments that was published on 26 June. The Charter sets out the standards signatory lenders will adopt when helping their customers, including new flexibilities to help customers manage their mortgage payments over a short period.</p><p> </p><p>The Charter is in addition to the significant safeguards already in place for consumers in the mortgage market. Financial Conduct Authority rules require lenders to engage individually with their customers who are struggling or who are worried about their payments in order to provide tailored support. The Government has also taken measures aimed at helping people to avoid repossession, including Support for Mortgage Interest (SMI) loans, and protection in the courts through the Pre-Action Protocol.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:37:45 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1655897

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to take steps to require businesses to accept cash payments.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195774
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The government has no plans to add to regulatory burdens on business by mandating cash acceptance. As technology and consumer behaviour changes, it should remain the choice of individual organisations as to whether to accept or decline any form of payment, including cash or card.</p><p> </p><p>Nonetheless, the government recognises that, to support people’s ability to continue to transact using cash, businesses need reasonable access to cash deposit facilities to support them to keep accepting cash.</p><p> </p><p>The government therefore legislated through the Financial Services and Markets Act 2023 to establish the Financial Conduct Authority as the lead regulator for access to cash and provide it with responsibility and powers to seek to ensure reasonable provision of both cash withdrawal and cash deposit facilities.</p><p> </p><p>The government considers that this legislation will support organisations, including local businesses, to continue accepting cash by ensuring that they have reasonable access to cash deposit facilities.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:19:36 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1656356

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Iceland: Banks
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will consider the potential merits of the Government issuing an apology to the Icelandic people for using section 4 of the Anti-terrorism, Crime and Security Act 2001 to seize Icelandic bank assets between 2008 and 2011.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195926
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The Anti-terrorism, Crime and Security Act 2001 contains a broad range of provisions, and the Government has been clear that the Landsbanki Freezing Order 2008 was not made on the basis of the anti-terrorism provisions within the Act.</p><p> </p><p>The decision to protect UK depositors in Icelandic banks was made after extensive conversations with the Icelandic Government who, at the time, were unable to provide assurances regarding the position of UK creditors following Landsbanki being placed into receivership in October 2008. This presented a serious risk that the rights of UK creditors would be prejudiced compared with those of others, which would have had an extremely detrimental impact on the UK economy at a time of unprecedent disturbances in the financial sector.</p><p> </p><p>The Government believes that it was right to take urgent action to protect financial stability within the United Kingdom.</p><p> </p><p>HM Treasury subsequently revoked the freezing orders on Landsbanki on 15 June 2009, without the normal notification period, as commitments made by the Icelandic Government in respect of depositors removed the threats to UK economic interests that had caused HMT to make the original Orders.</p><p> </p><p>The UK greatly values its historic relationship with Iceland, with diplomatic relations stretching back over 80 years, and the Government will continue to ensure our bilateral and regional cooperation remains strong.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:17:46 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1659516

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Closures
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he is taking steps to tackle the potential impact of high street bank branch closures on vulnerable individuals who rely on cash.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	198670
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The government believes that all customers, wherever they live, should have appropriate access to banking and cash services.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities across the UK, including free withdrawal and deposit facilities in relation to personal current accounts.</p><p> </p><p>Decisions on opening and closing branches are a commercial issue, and the government does not intervene in these. However, under FCA guidance, firms are expected to carefully consider the impact of planned branch closures on the everyday banking and cash access needs of their customers and consider possible alternative access arrangements. This seeks to ensure that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p> </p><p>Alternative options for access to banking can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 18/09/2023 15:47:57 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1671364

	registered interest
	date	20/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: British Overseas Territories
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with his counterparts in the British Overseas Territories on increasing transparency in their financial services sectors.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	2525
	answer	answer is ministerial correction date of answer 28/11/2023 answer text <p>Treasury Ministers and officials regularly meet with representatives of the Crown Dependencies and the Overseas Territories, and of overseas jurisdictions, to discuss issues of mutual importance.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="http://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 28/11/2023 11:39:34 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1683385

	registered interest
	date	18/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Consumer Goods: Prices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the potential increase in the average price of goods following the redirection of ships around the Cape of Good Hope.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10419
	answer	answer is ministerial correction date of answer 26/01/2024 answer text <p>Since November, due to Houthi attacks, 12 international shipping companies have been forced to suspend passage through the Red Sed, causing lengthy delays and disruption to global supply chains. This has included causing insurance premiums for Red Sea shipping to increase ten-fold; although, this only contributes a small fraction of total costs passed onto the end-consumer.</p><p>These attacks therefore present a risk of increased prices for consumer goods and energy. Be assured that the Government is working closely with shipping operators to mitigate any potential impact on consumers, and the shipping and supply chain sectors are well practiced at putting contingencies in place to continue to meet their customer needs. The government continues to monitor the situation closely.</p><p>Freedom of navigation across international shipping lanes in the Red Sea must be protected. These illegal Houthi attacks are putting innocent lives at risk, threatening regional security, and harming the global economy. In all, we have seen more than 25 attacks against ships since the middle of November. This is why the UK and the US, with support from the Netherlands, Canada, Bahrain, and Australia, carried out targeted strikes on Houthi military targets in Yemen. This action was necessary, legal, proportionate and right.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 26/01/2024 14:47:24 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1683684

	registered interest
	date	19/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Environment Protection
	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 the consultation on the Green Taxonomy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10611
	answer	answer is ministerial correction date of answer 29/01/2024 answer text <p>We expect to consult shortly. Following the consultation, we will analyse responses and provide a government response in accordance with Cabinet Office consultation principles.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 29/01/2024 10:58:15 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell