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1091334

	registered interest
	date	19/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cars: Insurance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans his Department has to ban car insurers from imposing compulsory change of address fees on their policy holders.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	234172
	answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority (FCA) rules. The FCA requires firms to act fairly in accordance with the best interests of customers. Customers that believe that they have been treated unfairly, such as their insurer charging fees disproportionate to the level of work involved, should make a formal complaint to their insurer.</p><p> </p><p>If they then feel that their complaint has not been dealt with satisfactorily they can refer the matter to the Financial Ombudsman Service (FOS) - an independent body set up to provide arbitration in such cases. The decision of the FOS is binding on insurers up to the value of £150,000.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/03/2019 13:09:44 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1184865

	registered interest
	date	13/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Coronavirus
	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 ensure banks offer flexibility in meeting monthly mortgage repayments to households whose finances may be disrupted by the economic effect of covid-19.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	29215
	answer	answer is ministerial correction date of answer 19/03/2020 answer text <p>Financial Conduct Authority (FCA) rules set out requirements that mortgage lenders are expected to treat borrowers fairly and show forbearance when customers are in financial difficulty. The Government has made sure that repossession is always a last resort after other reasonable attempts to resolve the position have failed.</p><p> </p><p>Banks and building societies are ready and able to support consumers impacted by COVID-19. On the 17 March, the Chancellor announced on behalf of the sector that banks and building societies will offer a 3-month ‘mortgage holiday’ for borrowers that are financially struggling with their repayments. This forbearance measure will enable affected borrowers to defer their mortgage payments for up to 3 months while they get back on their feet. Customers who are concerned about the current financial situation should get in touch with their lender at the earliest possible opportunity.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/03/2020 15:08:40 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1229423

	registered interest
	date	28/08/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks
	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 encourage the provision of mobile bank branches.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	81848
	answer	answer is ministerial correction date of answer 08/09/2020 answer text <p>The branch strategy of individual firms may be driven by a variety of factors, including customer interests, market competition and other commercial considerations. These are commercial decisions for firms and the Government does not intervene in this decision-making.</p><p> </p><p>Throughout the Covid-19 pandemic, the Government has been working closely with the financial regulators, banks, building societies and credit unions to ensure they continue to maintain branch access for essential services while balancing the needs of their customers with the safety and welfare of staff. Though many firms have reduced their opening hours the vast majority of branches have remained open for customers. Furthermore, several retail banks have put in place solutions for vulnerable customers, including enabling them to make payments through a trusted person or have their cash securely delivered to them at home. Many firms have also set up dedicated phone lines so these customers can speak to their provider as quickly as possible.</p><p> </p><p>The way consumers interact with their banking is changing. In recent years, over two-thirds of UK adults have used contactless payments and online banking and nearly half have used mobile banking, according to UK Finance. As a result of the pandemic, many customers may have used these channels for the first time. However, the Government still firmly believes that the impact of branch closures should be understood, considered, and mitigated where possible so that all customers, wherever they live, continue to have access to over-the-counter banking services if they wish to use them. That’s why the Government supports the industry’s Access to Banking Standard which informs customers of the bank’s reason for closure and helps customers to understand the options they have locally to continue to access banking services.</p><p> </p><p>The Post Office also allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK. Customers have been able to use the Post Office for essential banking services as an alternative to their branch throughout the pandemic. Customers can also use ATMs or cash machines as normal for cash withdrawals and balance enquiries.</p><p> </p><p>In July 2020, the regulator the Financial Conduct Authority published draft guidance setting out their expectation of firms when they are deciding whether and how to reduce their physical branches or the number of free to use ATMs. Firms are expected to carefully consider the impact of a planned closure on their customers’ everyday banking and cash access needs, and other relevant branch services and consider possible alternative access arrangements, which may include mobile branches. This will ensure the implementation of closure decisions is done in a way that treats customers fairly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 81849 81850 question first answered 08/09/2020 08:14:35 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1229424

	registered interest
	date	28/08/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Rural Areas
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the accessibility of in-branch banking services for people living in a rural setting.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	81849
	answer	answer is ministerial correction date of answer 08/09/2020 answer text <p>The branch strategy of individual firms may be driven by a variety of factors, including customer interests, market competition and other commercial considerations. These are commercial decisions for firms and the Government does not intervene in this decision-making.</p><p> </p><p>Throughout the Covid-19 pandemic, the Government has been working closely with the financial regulators, banks, building societies and credit unions to ensure they continue to maintain branch access for essential services while balancing the needs of their customers with the safety and welfare of staff. Though many firms have reduced their opening hours the vast majority of branches have remained open for customers. Furthermore, several retail banks have put in place solutions for vulnerable customers, including enabling them to make payments through a trusted person or have their cash securely delivered to them at home. Many firms have also set up dedicated phone lines so these customers can speak to their provider as quickly as possible.</p><p> </p><p>The way consumers interact with their banking is changing. In recent years, over two-thirds of UK adults have used contactless payments and online banking and nearly half have used mobile banking, according to UK Finance. As a result of the pandemic, many customers may have used these channels for the first time. However, the Government still firmly believes that the impact of branch closures should be understood, considered, and mitigated where possible so that all customers, wherever they live, continue to have access to over-the-counter banking services if they wish to use them. That’s why the Government supports the industry’s Access to Banking Standard which informs customers of the bank’s reason for closure and helps customers to understand the options they have locally to continue to access banking services.</p><p> </p><p>The Post Office also allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK. Customers have been able to use the Post Office for essential banking services as an alternative to their branch throughout the pandemic. Customers can also use ATMs or cash machines as normal for cash withdrawals and balance enquiries.</p><p> </p><p>In July 2020, the regulator the Financial Conduct Authority published draft guidance setting out their expectation of firms when they are deciding whether and how to reduce their physical branches or the number of free to use ATMs. Firms are expected to carefully consider the impact of a planned closure on their customers’ everyday banking and cash access needs, and other relevant branch services and consider possible alternative access arrangements, which may include mobile branches. This will ensure the implementation of closure decisions is done in a way that treats customers fairly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 81848 81850 question first answered 08/09/2020 08:14:34 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1229425

	registered interest
	date	28/08/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Urban Areas
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the accessibility of in-branch banking services for people living in urban areas.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	81850
	answer	answer is ministerial correction date of answer 08/09/2020 answer text <p>The branch strategy of individual firms may be driven by a variety of factors, including customer interests, market competition and other commercial considerations. These are commercial decisions for firms and the Government does not intervene in this decision-making.</p><p> </p><p>Throughout the Covid-19 pandemic, the Government has been working closely with the financial regulators, banks, building societies and credit unions to ensure they continue to maintain branch access for essential services while balancing the needs of their customers with the safety and welfare of staff. Though many firms have reduced their opening hours the vast majority of branches have remained open for customers. Furthermore, several retail banks have put in place solutions for vulnerable customers, including enabling them to make payments through a trusted person or have their cash securely delivered to them at home. Many firms have also set up dedicated phone lines so these customers can speak to their provider as quickly as possible.</p><p> </p><p>The way consumers interact with their banking is changing. In recent years, over two-thirds of UK adults have used contactless payments and online banking and nearly half have used mobile banking, according to UK Finance. As a result of the pandemic, many customers may have used these channels for the first time. However, the Government still firmly believes that the impact of branch closures should be understood, considered, and mitigated where possible so that all customers, wherever they live, continue to have access to over-the-counter banking services if they wish to use them. That’s why the Government supports the industry’s Access to Banking Standard which informs customers of the bank’s reason for closure and helps customers to understand the options they have locally to continue to access banking services.</p><p> </p><p>The Post Office also allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK. Customers have been able to use the Post Office for essential banking services as an alternative to their branch throughout the pandemic. Customers can also use ATMs or cash machines as normal for cash withdrawals and balance enquiries.</p><p> </p><p>In July 2020, the regulator the Financial Conduct Authority published draft guidance setting out their expectation of firms when they are deciding whether and how to reduce their physical branches or the number of free to use ATMs. Firms are expected to carefully consider the impact of a planned closure on their customers’ everyday banking and cash access needs, and other relevant branch services and consider possible alternative access arrangements, which may include mobile branches. This will ensure the implementation of closure decisions is done in a way that treats customers fairly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 81848 81849 question first answered 08/09/2020 08:14:35 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1249501

	registered interest
	date	09/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus: Disease Control
	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 economic effect of an extension to the November 2020 covid-19 lockdown restrictions in England beyond 2 December 2020.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	113079
	answer	answer is ministerial correction date of answer 17/11/2020 answer text <p>The Prime Minister has been clear that the measures that were announced on 31 October and came into force on 5 November are time-limited. They will end on Wednesday 2 December, when the Government will seek to ease restrictions, going back into the tiered system on a local and regional basis.</p><p> </p><p>Throughout the pandemic, the government’s economic priority has remained the same: to protect jobs and livelihoods. Since the start of the pandemic the government has provided support for people, businesses, and public services totalling an estimated £200 billion.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2020 14:42:15 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1249502

	registered interest
	date	09/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus: Disease Control
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish an economic impact assessment of the November 2020 covid-19 lockdown restrictions in England.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	113080
	answer	answer is ministerial correction date of answer 17/11/2020 answer text <p>As the Chancellor said in his letter to the TSC on 4 November, HM Treasury does not prepare formal forecasts for the UK economy, which are the responsibility of the independent OBR. They will publish their next forecast on 25 November.</p><p> </p><p>In addition, within their statutory mandates, the Bank of England’s Monetary Policy Committee (MPC) produce analysis which reflect their independent judgements regarding the impact of Covid-19 on the likely path of the economy. They updated their projections in their Monetary Policy Report published on 5 November. This reflected UK restrictions announced up to 31 October, including “heightened England-wide measures for the period 5 November to 2 December”. In this scenario, GDP was revised downwards and is now expected to contract by 2% in Q4 reflecting the impact of stricter measures to control Covid-19.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2020 14:30:57 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1287510

	registered interest
	date	19/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	European Investment Bank: Repayments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, (a) how much of the UK’s share of the European Investment Bank’s paid-in subscribed capital has been repaid under the terms of the Withdrawal Agreement, (b) what the current schedule for repayments to the UK from the EU is, and (c) what discussions he has had with the EU on any request to revise the terms of the repayment of the UK’s stake in the Bank as agreed in the Withdrawal Agreement.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	155022
	answer	answer is ministerial correction date of answer 01/03/2021 answer text <p>The European Investment Bank (EIB) has repaid a total of EUR 300 million of the UK’s share of paid-in subscribed capital in a single payment made on 15 October 2020.</p><p> </p><p>The current schedule for repayments to the UK is set out in Article 150(4) of the Withdrawal Agreement. Repayments to the UK will be made over 12 years in 11 equal instalments of EUR 300 million, with the final balance to be paid on 15 October 2031. The repayment schedule dates were amended by decision number 1/2020 of the Joint Committee, dated 10 June 2020, as a result of the entry into force of the Withdrawal Agreement on 31 January 2020 instead of March 2019.</p><p> </p><p>The Government has had no other discussions with the EU on revising the terms of the repayment of the UK’s paid-in subscribed capital in the Bank as agreed in the Withdrawal Agreement.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/03/2021 10:55:37 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1300808

	registered interest
	date	09/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bounce Back Loan Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department had made of the potential merits of extending the zero interest period for Bounce Back Loans from 12 months to 18 months to allow for all covid-19 lockdown restrictions to have been lifted before the first businesses must begin paying interest.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	165518
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Under the Bounce Back Loan scheme, no repayments are due from the borrower for the first 12 months of the loan, giving businesses the breathing space they need during this difficult time. In addition, the Government covers the first 12 months of interest payments charged to the business by the lender.</p><p> </p><p>In order to give businesses further support and flexibility in making their repayments, the Chancellor has announced “Pay as You Grow” (PAYG) options. Under Pay as You Grow, following the end of the 12-month payment-free period, businesses can pause their repayments for six months – the interest in this case will accrue to the borrower, for payment later. This means that businesses can opt not to make any repayments on their Bounce Back loan for up to 18 months after they received the loan. Borrowers will also have the option to move temporarily to interest-only payments for periods of up to six months (an option which they can use up to three times), and to extend the term of their loan from six to ten years, reducing their monthly payments by almost half.</p><p> </p><p>Together, the 12-month payment holiday and interest-free period for borrowers, along with the PAYG options, form part of the Government’s unprecedented support package for businesses to protect jobs - including paying wages through the furlough schemes and self-employed support payments, generous grants, tax deferrals.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2021 09:21:16 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1350991

	registered interest
	date	18/08/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus: screening
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has taken of the potential economic effect of covid-19 daily contact testing, as an alternative to self-isolation, not being available outside of the critical sectors identified by Government.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	40880
	answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>The roll-out of the Workplace Daily Contact Testing scheme has been focusing initially on sectors that provide essential services. Workplaces must be approved to take part in this scheme to ensure that they are able to provide on-site testing services safely, effectively and meet reporting requirements. The government rightly prioritised sectors and workplaces where disruption to services as a result of self-isolation would cause serious risk to public welfare.</p><p> </p><p>From 16 August, contacts who are fully vaccinated are no longer required to self-isolate. This means that for fully vaccinated contacts, daily contact testing is no longer necessary as an alternative to self-isolation – instead they are advised to take a PCR test. Given the success of the vaccine roll-out, we expect this to support in easing pressures facing businesses from absence due to self-isolation.</p><p> </p><p>These changes seek to reduce the impact on businesses from self-isolation in a targeted way, while ensuring self-isolation remains an effective tool against the spread of Covid-19.</p><p> </p><p>As set out in the Covid-19 Impact Assessment last November, we cannot forecast with confidence the precise impact of specific changes to restrictions as this will depend on a broad range of factors which are, in many cases, difficult to estimate.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/09/2021 12:58:49 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy