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1547362
unstar this property registered interest false more like this
unstar this property date less than 2022-12-01more like thismore than 2022-12-01
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Inflation more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what recent discussions his Department has had with the Bank of England on meeting the two per cent inflation target. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 100906 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-12-07more like thismore than 2022-12-07
star this property answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property grouped question UIN
100907 more like this
100908 more like this
star this property question first answered
less than 2022-12-07T11:32:00.177Zmore like thismore than 2022-12-07T11:32:00.177Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1547363
unstar this property registered interest false more like this
unstar this property date less than 2022-12-01more like thismore than 2022-12-01
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Monetary Policy: Inflation more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of quantitative easing on the rate of inflation. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 100907 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-12-07more like thismore than 2022-12-07
star this property answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property grouped question UIN
100906 more like this
100908 more like this
star this property question first answered
less than 2022-12-07T11:32:00.227Zmore like thismore than 2022-12-07T11:32:00.227Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1547364
unstar this property registered interest false more like this
unstar this property date less than 2022-12-01more like thismore than 2022-12-01
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Bank of England: Monetary Policy more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department plans to undertake a review of the autonomy of the Bank of England on monetary policy. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 100908 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-12-07more like thismore than 2022-12-07
star this property answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property grouped question UIN
100906 more like this
100907 more like this
star this property question first answered
less than 2022-12-07T11:32:00.257Zmore like thismore than 2022-12-07T11:32:00.257Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1564398
unstar this property registered interest false more like this
unstar this property date less than 2023-01-06more like thismore than 2023-01-06
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Banks: Incentives more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of uncapping bankers bonuses on tax revenue. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 117493 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-01-11more like thismore than 2023-01-11
star this property answer text <p>The removal of the banker’s bonus cap is a rule change being proposed by the independent Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). As such HM Treasury has not assessed the impact of removing this cap on tax revenue.</p> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-01-11T15:56:53.42Zmore like thismore than 2023-01-11T15:56:53.42Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1599516
unstar this property registered interest false more like this
unstar this property date less than 2023-02-27more like thismore than 2023-02-27
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Government Securities more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many and what proportion of UK gilts are held by (a) foreign central banks and (b) banks located in the People's Republic of China as of 27 February 2023. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 153714 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-03-06more like thismore than 2023-03-06
star this property answer text <p>The gilt market is deep and liquid and is supported by a generally well-diversified investor base, including domestic and foreign investors.</p><p> </p><p>The Office for National Statistics (ONS) publishes data on the broad breakdowns of the underlying owners of UK government debt as part of the UK Economic Accounts, published quarterly. The ONS, however, does not provide a domicile breakdown of where UK debt is held overseas, so it is not possible to observe the specific amount of gilt holdings by sub-groups of overseas investors.</p><p> </p><p>The latest available ONS data can be found here:</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ons.gov.uk%2Feconomy%2Fnationalaccounts%2Fuksectoraccounts%2Fdatasets%2Funitedkingdomeconomicaccountssectorgeneralgovernment&amp;data=05%7C01%7CSanjana.Gopy%40hmtreasury.gov.uk%7Ca7c8cf8c57f04689616908db199bd80a%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638131929348550591%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=pDVpSN%2BhH3uExuwhtFNPag%2Fon8vsEFY7zxgBeBhgRSA%3D&amp;reserved=0" target="_blank">https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/datasets/unitedkingdomeconomicaccountssectorgeneralgovernment</a>.</p><p> </p><p>More generally, gilts are largely held in nominee accounts and holdings of underlying beneficial owners are therefore not identifiable.</p>
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-03-06T11:53:42.297Zmore like thismore than 2023-03-06T11:53:42.297Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1649319
unstar this property registered interest false more like this
unstar this property date less than 2023-06-30more like thismore than 2023-06-30
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Help to Buy Scheme and Individual Savings Accounts more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 191895 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-07-05more like thismore than 2023-07-05
star this property 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> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-07-05T13:07:51.477Zmore like thismore than 2023-07-05T13:07:51.477Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1649320
unstar this property registered interest false more like this
unstar this property date less than 2023-06-30more like thismore than 2023-06-30
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Individual Savings Accounts: Fees and Charges more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 191896 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-07-05more like thismore than 2023-07-05
star this property 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> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-07-05T13:05:55.357Zmore like thismore than 2023-07-05T13:05:55.357Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1654638
unstar this property registered interest false more like this
unstar this property date less than 2023-07-20more like thismore than 2023-07-20
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Premium Bonds more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he has considered the potential merits of increasing the premium bond investment ceiling. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 195346 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-09-06more like thismore than 2023-09-06
star this property 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> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-09-06T15:39:15.027Zmore like thismore than 2023-09-06T15:39:15.027Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1654639
unstar this property registered interest false more like this
unstar this property date less than 2023-07-20more like thismore than 2023-07-20
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Mortgages: Interest Rates more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 195347 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-09-06more like thismore than 2023-09-06
star this property 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>
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-09-06T15:37:45.317Zmore like thismore than 2023-09-06T15:37:45.317Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this
1655897
unstar this property registered interest false more like this
unstar this property date less than 2023-09-01more like thismore than 2023-09-01
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Business: Money more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department plans to take steps to require businesses to accept cash payments. more like this
star this property tabling member constituency Romford remove filter
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 195774 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2023-09-11more like thismore than 2023-09-11
star this property 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>
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-09-11T13:19:36.297Zmore like thismore than 2023-09-11T13:19:36.297Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell more like this