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1064084
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
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 Employment 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 recent trends in the employment rate in the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223495 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-27more like thismore than 2019-02-27
star this property answer text <p>The employment rate is currently at a record high of 75.8%.</p><p> </p><p>There are currently a record 32.5 million people in work. Over the last year, employment growth has been driven almost entirely by high skilled jobs and full-time workers.</p><p> </p><p>Since the 2010 election we’ve seen over 3.5 million more people in employment – equivalent to an average of over 1,000 extra people in work every single day.</p><p> </p><p>This is alongside an unemployment rate which has not been lower since 1975, wages growing at the fastest pace in over a decade, and 9 consecutive months of real wage growth.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-02-27T12:38:42.747Zmore like thismore than 2019-02-27T12:38:42.747Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1082271
star this property registered interest false more like this
star this property date less than 2019-03-05more like thismore than 2019-03-05
star this property answering body
Treasury more like this
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 Crowdfunding 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 competitiveness of the UK peer-to-peer lending sector compared to (a) the US, (b) China and (c) the rest of the world. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 228623 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-13more like thismore than 2019-03-13
star this property answer text <p>The Government has introduced a robust and proportionate regulatory regime for peer-to-peer (P2P) lending, balancing the need for consumer protection with allowing the sector to grow, innovate and provide competition in the lending market.</p><p> </p><p>The British Business Bank’s Small Business Finance Markets 2018/19 report sets out that P2P business lending increased to nearly £2.3bn in 2018, and assesses the P2P business lending markets in the UK, the USA and China. The report notes that the increased regulation in the P2P market in the UK has been mostly seen as positive, in contrast to China where regulators were slow to address the sector, leading to opportunities for fraudulent activity.</p><p> </p><p>The UK has been independently ranked by EY and Deloitte as the world’s leading hub for Fintech – the best place in the world to start and grow a Fintech firm. The Government is committed to ensuring that it remains the best place in the world for Fintech, and has set out how it intends to do that in the ambitious Fintech Sector Strategy, launched in March 2018.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-03-13T17:03:31.653Zmore like thismore than 2019-03-13T17:03:31.653Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1082272
star this property registered interest false more like this
star this property date less than 2019-03-05more like thismore than 2019-03-05
star this property answering body
Treasury more like this
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 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 people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 228624 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-11more like thismore than 2019-03-11
star this property answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-03-11T14:11:56.867Zmore like thismore than 2019-03-11T14:11:56.867Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1082273
star this property registered interest false more like this
star this property date less than 2019-03-05more like thismore than 2019-03-05
star this property answering body
Treasury more like this
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 Cards: 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, what assessment he has made of the comparative merits of flat rate Interchange Fees as opposed to fees proportional to the value of the transaction; and whether his Department plans to exercise section 7 of the Interchange Fee (Amendment) (EU Exit) Regulations 2018 to decrease the per transaction interchange fee. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 228625 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-11more like thismore than 2019-03-11
star this property answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The European Commission is in the process of reviewing the effectiveness of the Interchange Fee Regulation as part of its usual process. The Payment Systems Regulator, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services. The Government has therefore not made a formal assessment of the Interchange Fee Regulation.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-03-11T14:15:55.147Zmore like thismore than 2019-03-11T14:15:55.147Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1110234
star this property registered interest false more like this
star this property date less than 2019-04-08more like thismore than 2019-04-08
star this property answering body
Treasury more like this
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 Visas: Skilled Workers 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 made an assessment of the net fiscal effect on the public purse of the Government’s decision to increase the number of Tier 5 Exceptional Talent visas from 1,000 to 2,000. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 242081 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-12more like thismore than 2019-04-12
star this property answer text <p>The Treasury has not made an assessment of the net fiscal impact of increasing the number of Tier 1 Exceptional Talent visas available. In 2018, the number of Exceptional Talent Visas granted was within the previous quota.</p><p> </p><p>The increase in quota ensures that we have sufficient headroom in the Exceptional Talent route to continue to attract highly skilled people from across the globe; and is a demonstration of the Government’s commitment to ensuring that the UK remains a world-leader in the digital technology, science, arts and the creative sectors.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-04-12T15:40:24.903Zmore like thismore than 2019-04-12T15:40:24.903Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1130449
star this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Treasury more like this
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 Services: Standards 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 key performance indicators his Department uses to assess the performance of Open Banking; and what recent assessment he has made of the performance of Open Banking. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 261179 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-13more like thismore than 2019-06-13
star this property answer text <p>The independent Open Banking Implementation Entity (OBIE) is responsible for assessing the performance of Open Banking, and HM Treasury’s view is informed by their assessment.</p><p> </p><p>The OBIE’s latest published assessment of Open Banking performance, made in March 2019, shows that in that month the average availability of Open Banking APIs was 97%, the average response time was 798 milliseconds, and that 38.2 million successful API calls had been made, representing over 97% of the total number of calls made to APIs.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-06-13T13:36:10.54Zmore like thismore than 2019-06-13T13:36:10.54Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1130450
star this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Treasury more like this
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 Cryptocurrencies 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 assessment the Government has made of the potential merits of cryptocurrencies as a means of payment. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 261180 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-13more like thismore than 2019-06-13
star this property answer text The Government established the Cryptoassets Taskforce – comprised of HM Treasury, the Financial Conduct Authority and the Bank of England – in 2018 to explore the risks and potential benefits of cryptoassets and the underlying distributed ledger technology (DLT). The Taskforce’s final report<sup><sup>[1]</sup></sup> concluded that benefits associated with the use of cryptoassets may arise in the future, but that the most immediate priorities for the authorities are to mitigate the risks posed by cryptoassets to consumers and markets, and to prevent the use of cryptoassets for illicit activity. As part of this, the Government will consult on its approach to cryptoassets this year. In addition, the authorities continue to encourage the responsible development of legitimate DLT and cryptoasset-related activity in the UK.<p> </p><p>[1] Full version of the report is available at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf</a></p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-06-13T13:40:32.78Zmore like thismore than 2019-06-13T13:40:32.78Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
873643
star this property registered interest false more like this
star this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
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 Financial Services: Technology 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 Mr Chancellor of the Exchequer, what steps the Government is taking to encourage financial technology firms to relocate to the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 134757 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-04-18more like thismore than 2018-04-18
star this property answer text <p>The Government is committed to ensuring that the UK is the best place to start and grow a fintech business. The new Fintech Sector Strategy – launched by the Chancellor at the recent HM Treasury-organised International Fintech Conference – sets out the practical steps that have been, and will be, taken to support this commitment. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p><p>The Strategy is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf</a></p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-04-18T14:17:46.29Zmore like thismore than 2018-04-18T14:17:46.29Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
873646
star this property registered interest false more like this
star this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
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 Money Laundering: Cryptocurrencies 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 Mr Chancellor of the Exchequer, whether his Department plans to review money laundering regulations to take into account the effect of cryptocurrencies. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 134760 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-04-19more like thismore than 2018-04-19
star this property answer text <p>The Government has committed to bringing digital currencies into the scope of anti-money laundering regulation. The Government anticipates that the Fifth Anti-Money Laundering Directive will enter into force at EU-level in summer of this year, with a transposition deadline of late 2019. This will be during the Implementation Period, and so the UK will transpose this Directive. These amendments bring virtual currency exchanges and custodian wallet providers into the scope of obliged entities. We will consult on any steps the government proposes to take to regulate digital currencies under UK law.</p><p> </p><p>The Government has also recently announced the establishment of the Cryptoassets Taskforce, consisting of HM Treasury, the Bank of England and the Financial Conduct Authority. As part of its work, the Taskforce will consider the risks of cryptoassets and the future responses of the appropriate authorities, including around anti-money laundering regulation.</p><p> </p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-04-19T13:52:02.357Zmore like thismore than 2018-04-19T13:52:02.357Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
964043
star this property registered interest false more like this
star this property date less than 2018-09-03more like thismore than 2018-09-03
star this property answering body
Treasury more like this
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 Financial Services: Australia 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 effectiveness of the FinTech bridge agreement between the UK and Australia. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 169237 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-10more like thismore than 2018-09-10
star this property answer text <p>The UK’s FinTech Bridge agreements have facilitated positive cross border activity between the UK and our Bridge partner markets, and UK officials work closely with counterparts in each FinTech Bridge market to support firms seeking to export internationally.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property grouped question UIN
169238 more like this
169239 more like this
169240 more like this
169241 more like this
star this property question first answered
less than 2018-09-10T14:39:33.947Zmore like thismore than 2018-09-10T14:39:33.947Z
unstar this property answering member
4051
star this property label Biography information for John Glen remove filter
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this