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49018

	registered interest
	date	29/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what support the Government is giving to credit unions to help extend access to fair credit.
	tabling member constituency	Wythenshawe and Sale East
	tabling member printed	Mike Kane
	uin	197059
	answer	answer is ministerial correction date of answer 06/05/2014 answer text <p>The Government is supportive of credit unions and has taken a number of steps to assist them, most recently including:</p><ul><li>The Department for Work and Pensions investment of up to £38 million in an expansion project for credit unions. The project aims to help credit unions expand and grow, enabling them to provide financial services to more people.</li><li>From 1 April this year the Government increased the cap on the maximum interest rate a credit union can charge for loans from 2% to 3% per month. This will allow credit unions to make more loans to their members without making a loss. Even if they choose to charge the higher rate of interest the cost of borrowing from a credit union will still be significantly cheaper than many high cost lenders.</li></ul><p>The Government intends that these measures will help the credit union sector go from strength to strength, so it can be a viable option for financial services provision for an even wider range of consumers.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 06/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4316 label Biography information for Mike Kane

48141

	registered interest
	date	10/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what levels of stock his Department holds of (a) stationery, (b) printer cartridges, (c) treasury tags and other fasteners and (d) other office consumables.
	tabling member constituency	Wokingham
	tabling member printed	Mr John Redwood
	uin	196218
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>In line with Government policy and to benefit from public sector buying power, HM Treasury has centralised common commodity procurements, such as stationery, through contracts awarded and managed by the Crown Commercial Service.</p><p> </p><p>The stock information requested is not held centrally and could be obtained only at disproportionate cost.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	14 label Biography information for John Redwood

47166

	registered interest
	date	07/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect the introduction of seven-day bank account switching has had on the number of people changing bank account provider; and if he will make a statement.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	195454
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p><strong>The Current Account Switching Service launched in September of last year, and has had a very positive impact. Early signs are positive, with switching numbers in Q4 of 2013 up by 17 per cent compared to Q4 of the previous year. </strong></p><p> </p><p><strong>The Financial Conduct Authority will carry out a review in September of this year into the effectiveness of the Current Account Switching Service. This will include an assessment of the effect the introduction of seven day account switching has had on the number of people changing bank account provider. </strong></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1586 label Biography information for Adam Afriyie

48448

	registered interest
	date	25/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	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 prevalence of allowances being paid to senior bank executives to enable them to avoid the EU bonus cap.
	tabling member constituency	Walsall South
	tabling member printed	Valerie Vaz
	uin	196644
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The UK is at the forefront of global efforts to tackle excessive pay in the financial sector and ensure that pay is aligned with performance; our tough Remuneration Code requires deferral of at least 60% of bonuses of senior bankers and limits the amounts that can be paid in cash. Bonuses are down significantly since their peak under the last Government, and are now largely deferred and paid in shares.</p><p> </p><p>In contrast, the EU's bonus cap is a poorly thought through measure that undermines rather than reinforces our efforts by pushing up fixed pay. It was introduced without any proper impact assessment and has serious issues around its compatibility with the EU Treaty, and for these reasons we are challenging it in the European Court of Justice. However, pending the outcome, the Government is fully implementing the cap in the UK.</p><p> </p><p>The Prudential Regulation Authority and Financial Conduct Authority have responsibility for ensuring that remuneration practices in the banking sector are compliant with the new rules.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4076 label Biography information for Valerie Vaz

48749

	registered interest
	date	28/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with banks about the closure of branches; and if he will make a statement.
	tabling member constituency	Tewkesbury
	tabling member printed	Mr Laurence Robertson
	uin	196915
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p><strong>Treasury Ministers and officials meet with, and receive representations from, a wide range of organisations and individuals in the public and private sector as part of the usual policymaking process. It is not Government practice to provide details of all such representations.</strong></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	253 label Biography information for Mr Laurence Robertson

46776

	registered interest
	date	03/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the Government's latest assessment is of the likely timeframe within which International Monetary Fund funds will be released for the Ukraine.
	tabling member constituency	Paisley and Renfrewshire South
	tabling member printed	Mr Douglas Alexander
	uin	195125
	answer	answer is ministerial correction date of answer 06/05/2014 answer text <p>The IMF Board is expected to consider Ukraine's application for a financial assistance programme in April. The agreement of a programme and subsequent disbursement of funds is also dependent on the Ukrainian authorities adopting a set of reforms as set out by the IMF.</p><p> </p><p>The latest IMF statement, following staff level agreement with the Ukrainian authorities on a potential programme, can be found at:</p><p><a href="http://www.imf.org/external/np/sec/pr/2014/pr14131.htm" target="_blank">http://www.imf.org/external/np/sec/pr/2014/pr14131.htm</a></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 06/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	632 label Biography information for Mr Douglas Alexander

49926

	registered interest
	date	06/05/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what contribution the UK will make towards the $17 billion IMF package for Ukraine.
	tabling member constituency	Paisley and Renfrewshire South
	tabling member printed	Mr Douglas Alexander
	uin	197774
	answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>As a member of the IMF, the UK will be involved in the IMF's $17 billion programme for Ukraine. The UK's contribution to the Fund is not public spending and would have no fiscal implications on the UK: it does not add to our debt or deficit. With its preferred creditor status, lending to the IMF is one of the most credit-worthy institutions in the world and no-one who has ever provided money to the IMF has ever lost that money.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	632 label Biography information for Mr Douglas Alexander

49928

	registered interest
	date	06/05/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the proportion of the $3.2 billion released by the IMF to Ukraine's interim government that will be spent on servicing debt to Russian gas providers.
	tabling member constituency	Paisley and Renfrewshire South
	tabling member printed	Mr Douglas Alexander
	uin	197781
	answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>The IMF's programme is intended to put the Ukrainian economy on a more stable footing, part of which involves Ukraine servicing its legitimate debts. The actual repayment of Ukraine's gas debts is a matter for the Government in Kyiv to discuss with their creditors.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	632 label Biography information for Mr Douglas Alexander

32172

	registered interest
	date	09/01/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what proportion and value of his Department's contracts have been let (a) under the restricted procedure, (b) by the open procedure, (c) via framework agreements and (d) via a tendering process involving the use of a pre-qualification questionnaire in each of the last three years.
	tabling member constituency	Nottingham East
	tabling member printed	Chris Leslie
	uin	182696
	answer	answer is ministerial correction date of answer 07/05/2014 answer text <p>Since January 2011, central government departments have been required to publish on Contracts Finder information on the tenders issued and contracts they award with a value over £10,000 (excluding VAT) (www.gov.uk/contractsfinder).</p><p> </p><p>Public Procurement Regulations require that prescribed procurement procedures are used when procurements exceed the EU contract threshold values. This legal framework helps to ensure that public procurement is conducted in a fair and open manner both within the UK and across the EU.</p><p> </p><p>Less than two percent of all contracts were let under the restricted procedure in each of the last three years.</p><p> </p><p>In 2010/11 there was one contract let under the restricted procedure. This was for actuarial support to the independent commission on Equitable Life Payments that was set up by this government to recommend how best to fairly allocate funds provided for the Equitable Life Payments Scheme (ELPS) and had a contract value of £1million.</p><p> </p><p>In 2011/12 there were two contracts let under the restricted procedure. They were (i) Corporate Financial Advice framework contract (estimated contract value of £5 million over the 2 years but no guaranteed spend)and (ii) a contract for actuarial support for (ELPS) in making fair and transparent payments to Equitable Life policyholders who suffered financial losses as a result of Government maladministration which occurred in the regulation of Equitable Life. The contract value was £5.4 million.</p><p> </p><p> </p><p>The information requested for the proportion and value of HM Treasury contracts that have been let via framework agreements and where a tendering process involving the use of a pre-qualification questionnaire in each of the last three years is not readily available and could be obtained only at disproportionate cost.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 07/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	422 label Biography information for Mr Chris Leslie

47162

	registered interest
	date	07/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, which five companies were used most often to provide temporary workers for his Department in the last financial year; and how much in agency fees was paid to each of them.
	tabling member constituency	Nottingham East
	tabling member printed	Chris Leslie
	uin	195563
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Under this Government's transparency programme, contracts are published on Contracts Finder which is available at: <a href="https://www.gov.uk/contracts-finder" target="_blank">https://www.gov.uk/contracts-finder</a>.</p><p> </p><p>In addition all Departments publish details of transactions above £25,000. Data for HM Treasury can be found at:</p><p><a href="http://www.gov.uk/government/collections/25000-spend" target="_blank">www.gov.uk/government/collections/25000-spend</a></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	422 label Biography information for Mr Chris Leslie