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1064085

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the level of Foreign Direct Investment into the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	223496
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>Since 2010 we have significantly lowered the headline rate of Corporation Tax from 28% down to 19% today – the lowest in the G20, with further cuts to 17% legislated by 2020.</p><p> </p><p>We have also created a world-leading offer on creative sector tax reliefs, given significant support for R&amp;D investment through the tax system, and introduced the Patent Box regime to attract international investment in intellectual property to the UK.</p><p> </p><p>These steps have helped to create a highly competitive and FDI-friendly business environment.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 26/02/2019 15:18:46 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1063997

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Benefit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 15 February 2019 to Question 220289, Children: Maintenance, if she will provide further information on the overall care test used to determine entitlement to child benefit.
	tabling member constituency	Lanark and Hamilton East
	tabling member printed	Angela Crawley
	uin	223194
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>Child Benefit is payable where a claimant is responsible for a child under the age of 16, or a qualifying young person up to the age of 20 in full-time non-advanced education or approved training. A person is treated as being responsible for a child in any week where:</p><p>(i) they have the child living with them in that week; or</p><p>(ii) they are contributing to the upkeep of the child at a weekly rate not less than the amount of Child Benefit payable for that week.</p><p> </p><p>Only one person can get Child Benefit in respect of a child. In cases of shared care, where more than one person meets the entitlement criteria and makes a claim for Child Benefit, priority rules apply. These rules are set out in the Child Benefit Technical Manual at the following link.</p><p> </p><p><a href="http://www.gov.uk/hmrc-internal-manuals/child-benefit-technical-manual/cbtm08001" target="_blank">www.gov.uk/hmrc-internal-manuals/child-benefit-technical-manual/cbtm08001</a></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/02/2019 12:04:55 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4469 label Biography information for Angela Crawley

1064713

	registered interest
	date	21/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Departments: Procurement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many suppliers have been excluded from bidding for contracts as a result of not complying with the criteria set out in the guidance entitled, Procurement policy note 03/14: promoting tax compliance, in each year since 2014.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	224367
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>The information is not held centrally.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 26/02/2019 15:01:21 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4657 label Biography information for Anneliese Dodds

1064049

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government plans to introduce measures to require banks to reimburse people who have been misled by fraudulent investment schemes.
	tabling member constituency	Stroud
	tabling member printed	Dr David Drew
	uin	223247
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>The Government takes the issue of investment fraud very seriously and is committed to protecting people and pursuing those who perpetuate scams wherever possible. In the area of pension scams in particular, the Government introduced regulations to ban pensions cold calling which came into force in early January 2019. Firms who break the rules could face penalties of up to half a million pounds.</p><p> </p><p>If fraudulent investments were recommended by an authorised financial advisor, the consumer can seek redress by the advisor’s firm by bringing the case to the Financial Ombudsman Service (FOS).</p><p> </p><p>In the event that the authorised financial adviser is responsible or a UK authorised collective investment scheme fails, consumers also have access to Financial Services Compensation Scheme protection. The FSCS provides compensation to customers of financial services firms that have failed. Since 2011 the FSCS has paid over £60 million to claimants.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/02/2019 16:30:05 answering member 4051 label Biography information for John Glen
	tabling member	252 label Biography information for Dr David Drew

1063663

	registered interest
	date	18/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Royal Bank of Scotland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of maintaining majority ownership of Royal Bank of Scotland.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	222650
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>The Government believes that, as a matter of principle, firms best succeed under private ownership. Returning RBS to the private sector is the right policy for taxpayers, customers, and the wider economy.</p><p> </p><p>The Government intervened in RBS to maintain stability at the height of the financial crisis. RBS was never a speculative investment made to generate a profit, and it is right that private investors, not taxpayers, should bear the risk of companies such as RBS.</p><p> </p><p>The Government’s policy remains to return the financial sector assets acquired during the crisis to private ownership, when it represents value for money to do so, and market conditions allow.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/02/2019 15:59:10 answering member 4051 label Biography information for John Glen
	tabling member	478 label Biography information for Lord Field of Birkenhead

1064759

	registered interest
	date	21/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Homelessness: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to classify as a priority in the next Spending Review, funding to reduce rough sleeping and homelessness.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Liam Byrne
	uin	224477
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>The government is committed to tackling homelessness and rough sleeping. We have provided £1.2bn of funding to address homelessness. In August, we announced a £100m Rough Sleeping Strategy to begin progress to meet the commitment to halve rough sleeping by 2022, and eliminate it by 2027.</p><p> </p><p>All long-term decisions on public spending will be taken at the Spending Review this year, when the Chancellor will set out his approach for the future.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/02/2019 12:02:16 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1171 label Biography information for Liam Byrne

1064678

	registered interest
	date	21/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Asset Protection Agency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish the (a) focused assets covered under the Asset Protection Agency and (b) focused assets underwritten by the Asset Protection Agency that were transferred to West Register between 2009 and 2012.
	tabling member constituency	East Lothian
	tabling member printed	Martin Whitfield
	uin	224359
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>The Asset Protection Agency (APA) was set up in 2009 to manage the Asset Protection Scheme (APS), with the objective of maintaining financial stability and protecting taxpayers’ interests by helping participating banks manage their exposure to high-risk assets.</p><p> </p><p>The 2009-10 APA Annual Reports and Accounts state that the APS initially provided protection on £282bn worth of assets on the consolidated balance sheet of the Royal Bank of Scotland Group plc. The detail of these assets is commercially sensitive. The Annual Report can be found here: <a href="https://webarchive.nationalarchives.gov.uk/20130129110533/http:/www.hm-treasury.gov.uk/apa.htm" target="_blank">https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm</a></p><p> </p><p>To develop a more streamlined and better focused monitoring process for these assets, in 2011 and 2012 the APA stopped reviewing certain low risk assets and instead focused on a number of larger, high risk assets, known as the “Focus List”. Further information on the make-up of the Focus List can be found at <a href="http://data.parliament.uk/DepositedPapers/Files/DEP2012-0368/DEP2012-0368.pdf" target="_blank">http://data.parliament.uk/DepositedPapers/Files/DEP2012-0368/DEP2012-0368.pdf</a> and at <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/229293/0120.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/229293/0120.pdf</a>.</p><p> </p><p>Further detail on the assets underwritten by the APA, including the assets that were transferred to West Register, an RBS subsidiary, between 2009 and 2012, is commercially sensitive information in relation to RBS’ customers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/02/2019 15:44:57 answering member 4051 label Biography information for John Glen
	tabling member	4626 label Biography information for Martin Whitfield

1064029

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equitable Life Assurance Society: Compensation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has plans to allocate additional funding to the Equitable Life payment victims.
	tabling member constituency	Scarborough and Whitby
	tabling member printed	Mr Robert Goodwill
	uin	223227
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>There are no plans to review the funding allocation made to the Equitable Life Payment Scheme. Since 2010, we have taken more action than any previous government to resolve this issue by allocating up to £1.5bn, tax free, for payment to affected policyholders.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/02/2019 16:26:31 answering member 4051 label Biography information for John Glen
	tabling member	1562 label Biography information for Sir Robert Goodwill