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91140

	registered interest
	date	09/09/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the (a) size and (b) potential risk posed to the economy from (i) the UK and (ii) the international shadow banking system.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	208723
	answer	answer is ministerial correction date of answer 06/10/2014 answer text <p>When appropriately conducted, shadow banking can benefit the economy by increasing the availability of credit to a range of individuals or firms, and provide a valuable alternative to bank funding. However, the Government is aware of the risks shadow banking activities can pose to financial stability.</p><p> </p><p>To ensure that systemic risks to financial stability are addressed, the Government has created the Financial Policy Committee (FPC) within the Bank of England. In September last year, the Committee agreed as one of its medium term priorities the identification and management of potential systemic risks from shadow banking. Additionally at the international level, the Government is actively supporting the effective regulation of the sector in EU policymaking, and the UK authorities are playing an instrumental role in shaping the global regulatory response at the Financial Stability Board.</p><p> </p><p> </p><p>The Financial Stability Board’s Global Shadow Banking Monitoring Report 2013 includes its latest assessment of the size of, and trends in, non-bank financial intermediation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 06/10/2014 14:07:52 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	523 label Biography information for Mr Nicholas Brown

93109

	registered interest
	date	14/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic Situation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the Governor of the Bank of England in his role as Chairman of the Financial Stability Board has recently raised with him risks to the financial stability of the UK.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	210335
	answer	answer is ministerial correction date of answer 20/10/2014 answer text <p>The Financial Stability Board (FSB) works to establish and promote the implementation of effective financial sector policies that build financial stability at the international level. The FSB monitors and assesses vulnerabilities affecting the global financial system and proposes actions needed to address them. One of the ways it does this is through the semi-annual joint early warning exercise in conjunction with the IMF.</p><p> </p><p> </p><p> </p><p>The risks raised by the FSB tend to be relevant to the UK, as a global financial centre. In his role as Chairman, the Governor of the Bank of England keeps G20 Finance Ministers, including the Chancellor of the Exchequer, updated on the activities of the FSB.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 20/10/2014 10:40:53 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	523 label Biography information for Mr Nicholas Brown

64659

	registered interest
	date	30/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, which organisations collect subscriptions through the employers' payroll service in his Department and its agencies.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	203110
	answer	answer is ministerial correction date of answer 07/01/2015 answer text <p>The Chancellor and the Chief Secretary have agreed that the Treasury will continue to pay Trade Union subscriptions through the payroll (known as check-off) on the condition that the Trade Union pay full costs for the service provided.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 07/01/2015 15:21:55 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	523 label Biography information for Mr Nicholas Brown

422530

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what his policy is on the introduction of a financial transaction tax in (a) the UK and (b) partnership with other taxation authorities.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12531
	answer	answer is ministerial correction date of answer 29/10/2015 answer text <p>The UK has a financial transaction tax. Stamp tax on shares raises significant revenue from transactions in UK equities.</p><br /><p>The UK has no plans to introduce a financial transaction tax in partnership with other tax authorities. Such a tax would only be effective if applied globally, and there is currently no prospect of global agreement.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 29/10/2015 14:57:21 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	523 label Biography information for Mr Nicholas Brown

422532

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Non-domestic Rates: North East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, by what mechanism he proposes to ensure that additional business rate revenue in the North East is allocated to infrastructure investment.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12524
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>On 23 October the Government signed a historic devolution deal with the North East Combined Authority. As part of the deal, and subject to the passage of the Cities and Local Government Devolution Bill through parliament, a new directly-elected Mayor for the North East will be created. The Mayor will chair the existing North East Combined Authority. Powers and responsibilities will be devolved from central government to the Mayor and Combined Authority.</p><br /><p>Full details of the deal are available at: https://www.gov.uk/government/publications/north-east-devolution-deal</p><br /><p>A detailed implementation plan will be agreed over the coming months between central government and the North East Combined Authority.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 12525 12527 12528 12529 question first answered 28/10/2015 13:50:17 answering member 1526 label Biography information for Greg Hands
	tabling member	523 label Biography information for Mr Nicholas Brown

422533

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Rural Areas: North East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what new mechanism he proposes to stimulate rural growth in the North East.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12525
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>On 23 October the Government signed a historic devolution deal with the North East Combined Authority. As part of the deal, and subject to the passage of the Cities and Local Government Devolution Bill through parliament, a new directly-elected Mayor for the North East will be created. The Mayor will chair the existing North East Combined Authority. Powers and responsibilities will be devolved from central government to the Mayor and Combined Authority.</p><br /><p>Full details of the deal are available at: https://www.gov.uk/government/publications/north-east-devolution-deal</p><br /><p>A detailed implementation plan will be agreed over the coming months between central government and the North East Combined Authority.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 12524 12527 12528 12529 question first answered 28/10/2015 13:50:17 answering member 1526 label Biography information for Greg Hands
	tabling member	523 label Biography information for Mr Nicholas Brown

422534

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Adult Education: North East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what responsibilities are proposed for the (a) elected mayor, (b) North East Combined Authority and (c) North East local enterprise partnership in overseeing the adult skills budget for the North East.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12527
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>On 23 October the Government signed a historic devolution deal with the North East Combined Authority. As part of the deal, and subject to the passage of the Cities and Local Government Devolution Bill through parliament, a new directly-elected Mayor for the North East will be created. The Mayor will chair the existing North East Combined Authority. Powers and responsibilities will be devolved from central government to the Mayor and Combined Authority.</p><br /><p>Full details of the deal are available at: https://www.gov.uk/government/publications/north-east-devolution-deal</p><br /><p>A detailed implementation plan will be agreed over the coming months between central government and the North East Combined Authority.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 12524 12525 12528 12529 question first answered 28/10/2015 13:50:17 answering member 1526 label Biography information for Greg Hands
	tabling member	523 label Biography information for Mr Nicholas Brown

422535

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Regional Planning and Development: North East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what governance and accountability arrangements are proposed for the North East Investment Fund.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12528
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>On 23 October the Government signed a historic devolution deal with the North East Combined Authority. As part of the deal, and subject to the passage of the Cities and Local Government Devolution Bill through parliament, a new directly-elected Mayor for the North East will be created. The Mayor will chair the existing North East Combined Authority. Powers and responsibilities will be devolved from central government to the Mayor and Combined Authority.</p><br /><p>Full details of the deal are available at: https://www.gov.uk/government/publications/north-east-devolution-deal</p><br /><p>A detailed implementation plan will be agreed over the coming months between central government and the North East Combined Authority.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 12524 12525 12527 12529 question first answered 28/10/2015 13:50:17 answering member 1526 label Biography information for Greg Hands
	tabling member	523 label Biography information for Mr Nicholas Brown

422536

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Training: North East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the proposed membership is of the skills board for the North East overseeing a comprehensive review of post-16 education, skills and employment.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	12529
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>On 23 October the Government signed a historic devolution deal with the North East Combined Authority. As part of the deal, and subject to the passage of the Cities and Local Government Devolution Bill through parliament, a new directly-elected Mayor for the North East will be created. The Mayor will chair the existing North East Combined Authority. Powers and responsibilities will be devolved from central government to the Mayor and Combined Authority.</p><br /><p>Full details of the deal are available at: https://www.gov.uk/government/publications/north-east-devolution-deal</p><br /><p>A detailed implementation plan will be agreed over the coming months between central government and the North East Combined Authority.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 12524 12525 12527 12528 question first answered 28/10/2015 13:50:17 answering member 1526 label Biography information for Greg Hands
	tabling member	523 label Biography information for Mr Nicholas Brown

577444

	registered interest
	date	07/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	PAYE
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment his Department has made of the need to simplify the PAYE system; and whether the Government plans to take any steps to simplify that system.
	tabling member constituency	Newcastle upon Tyne East
	tabling member printed	Mr Nicholas Brown
	uin	45478
	answer	answer is ministerial correction date of answer 16/09/2016 answer text <p>Between now and 2020, the Government’s vision is to build a transparent and accessible UK tax system that is fit for the digital age and reduces the burden on taxpayers. HM Revenue and Customs has embarked on a major transformation programme – Making Tax Digital – to do this.</p><p> </p><p>The successful introduction of PAYE Real Time Information (RTI) represented the biggest change to the UK payroll process since PAYE began in 1944. It provided an important step for the Government towards Making Tax Digital and the creation of digital accounts which will enable taxpayers to see and manage their tax affairs online in real time.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 16/09/2016 09:45:04 answering member 3918 label Biography information for Jane Ellison
	tabling member	523 label Biography information for Mr Nicholas Brown