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57871

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Remittances: Somalia
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with its Somali counterpart on ensuring that remittances can continue from UK financial institutions.
	tabling member constituency	Ealing Central and Acton
	tabling member printed	Angie Bray
	uin	198752
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>The UK Government is committed to supporting a healthy and legitimate remittance sector, and ensuring that UK citizens are able to continue to remit funds safely to family abroad. The progress of the Action Group on Cross Border Remittances is on track and the group is next due to meet on 27 June 2014. Further information on the Action Group, including future meeting dates can be found on the group's web page: <a href="https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances" target="_blank">https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances</a></p><p> </p><p>A key output of the group is improved guidance, both for financial institutions which provide banking facilities for MSBs and for MSBs themselves on how to comply with their anti-money laundering and counter financing of terrorism obligations. These two key pieces of guidance were endorsed by the Action Group in its most recent meeting and are subject to normal approval processes.</p><p> </p><p> </p><p> </p><p>The UK Government is liaising closely with the Somali Government on activity underway to ensure the continued flow of remittances from the UK to Somalia. The Ambassador of Somalia to the UK (or his representative) has attended all of the Advisory Group Meetings for the UK-Somali Safer Corridor. Officials from the Foreign and Commonwealth Office, the Department for International Development and World Bank have also held bilateral meetings with the Ambassador.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 198754 198756 question first answered 09/06/2014 13:55:15 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3979 label Biography information for Baroness Bray of Coln

57870

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Remittances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent progress has been made on enabling the continuation of money transfer abroad from UK financial institutions; and if he will make a statement.
	tabling member constituency	Ealing Central and Acton
	tabling member printed	Angie Bray
	uin	198756
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>The UK Government is committed to supporting a healthy and legitimate remittance sector, and ensuring that UK citizens are able to continue to remit funds safely to family abroad. The progress of the Action Group on Cross Border Remittances is on track and the group is next due to meet on 27 June 2014. Further information on the Action Group, including future meeting dates can be found on the group's web page: <a href="https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances" target="_blank">https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances</a></p><p> </p><p>A key output of the group is improved guidance, both for financial institutions which provide banking facilities for MSBs and for MSBs themselves on how to comply with their anti-money laundering and counter financing of terrorism obligations. These two key pieces of guidance were endorsed by the Action Group in its most recent meeting and are subject to normal approval processes.</p><p> </p><p> </p><p> </p><p>The UK Government is liaising closely with the Somali Government on activity underway to ensure the continued flow of remittances from the UK to Somalia. The Ambassador of Somalia to the UK (or his representative) has attended all of the Advisory Group Meetings for the UK-Somali Safer Corridor. Officials from the Foreign and Commonwealth Office, the Department for International Development and World Bank have also held bilateral meetings with the Ambassador.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 198752 198754 question first answered 09/06/2014 13:55:15 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3979 label Biography information for Baroness Bray of Coln

57872

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Remittances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when the action group on remittances will next meet to consider the issue of money transfer abroad.
	tabling member constituency	Ealing Central and Acton
	tabling member printed	Angie Bray
	uin	198754
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>The UK Government is committed to supporting a healthy and legitimate remittance sector, and ensuring that UK citizens are able to continue to remit funds safely to family abroad. The progress of the Action Group on Cross Border Remittances is on track and the group is next due to meet on 27 June 2014. Further information on the Action Group, including future meeting dates can be found on the group's web page: <a href="https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances" target="_blank">https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances</a></p><p> </p><p>A key output of the group is improved guidance, both for financial institutions which provide banking facilities for MSBs and for MSBs themselves on how to comply with their anti-money laundering and counter financing of terrorism obligations. These two key pieces of guidance were endorsed by the Action Group in its most recent meeting and are subject to normal approval processes.</p><p> </p><p> </p><p> </p><p>The UK Government is liaising closely with the Somali Government on activity underway to ensure the continued flow of remittances from the UK to Somalia. The Ambassador of Somalia to the UK (or his representative) has attended all of the Advisory Group Meetings for the UK-Somali Safer Corridor. Officials from the Foreign and Commonwealth Office, the Department for International Development and World Bank have also held bilateral meetings with the Ambassador.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 198752 198756 question first answered 09/06/2014 13:55:16 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3979 label Biography information for Baroness Bray of Coln

57951

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	New Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will require banks to publish data on the number of new small business accounts in 2011-12, 2012-13 and 2013-14; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Mr Gareth Thomas
	uin	199107
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>In July 2013 the Government announced that it had reached an agreement with the major UK banks to publish lending data across 10,000 individual postcodes.</p><p> </p><p>The first dataset was published in December 2013 and shows the outstanding stock of lending that has been committed to customers across three categories; loans and overdrafts to SMEs, mortgages and unsecured personal loans (excluding credit cards).</p><p> </p><p> </p><p>The data will allow challenger banks, smaller building societies, credit unions and community development finance institutions (CDFIs) to find areas where there is a lack of lending so they can offer finance to those customers who are crying out for support to help their business grow.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 199106 199137 199138 question first answered 09/06/2014 14:11:46 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	177 label Biography information for Gareth Thomas

57949

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will require banks and their financial institutions to release further personal and business lending data by postcode; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Mr Gareth Thomas
	uin	199138
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>In July 2013 the Government announced that it had reached an agreement with the major UK banks to publish lending data across 10,000 individual postcodes.</p><p> </p><p>The first dataset was published in December 2013 and shows the outstanding stock of lending that has been committed to customers across three categories; loans and overdrafts to SMEs, mortgages and unsecured personal loans (excluding credit cards).</p><p> </p><p> </p><p>The data will allow challenger banks, smaller building societies, credit unions and community development finance institutions (CDFIs) to find areas where there is a lack of lending so they can offer finance to those customers who are crying out for support to help their business grow.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 199106 199107 199137 question first answered 09/06/2014 14:11:46 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	177 label Biography information for Gareth Thomas

57976

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to improve access to free to use cash machines.
	tabling member constituency	Birmingham, Northfield
	tabling member printed	Richard Burden
	uin	198801
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>95 per cent of communities in the lowest quartile of the government deprivation index now have free-to-use ATMs within their area or less than two thirds of a mile from the area's centre. This has brought access to free-to-use ATMs to over 1.5 million people and progress towards covering even more communities continues.</p><p> </p><p>LINK has established a Financial Inclusion Programme to provide free-to-use ATMs where they are needed, by installing ATMs that are subsidised to make their operation commercially viable for operators. The cost of this subsidy is shared out among LINK member banks. 1,400 target areas now have access to an industry subsidised ATM through the programme.</p><p> </p><p> </p><p>I am aware Toynbee Hall is due to complete research on this issue shortly.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 09/06/2014 13:59:08 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	301 label Biography information for Richard Burden

57950

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Banks: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what representations he has received about the publication of personal and business lending data by postcode; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Mr Gareth Thomas
	uin	199106
	answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>In July 2013 the Government announced that it had reached an agreement with the major UK banks to publish lending data across 10,000 individual postcodes.</p><p> </p><p>The first dataset was published in December 2013 and shows the outstanding stock of lending that has been committed to customers across three categories; loans and overdrafts to SMEs, mortgages and unsecured personal loans (excluding credit cards).</p><p> </p><p> </p><p>The data will allow challenger banks, smaller building societies, credit unions and community development finance institutions (CDFIs) to find areas where there is a lack of lending so they can offer finance to those customers who are crying out for support to help their business grow.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 199107 199137 199138 question first answered 09/06/2014 14:11:46 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	177 label Biography information for Gareth Thomas

47123

	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, if he will bring forward legislative proposals to make personal debt charged at an APR of over 30 per cent unrecoverable; and if he will make a statement.
	tabling member constituency	Great Grimsby
	tabling member printed	Austin Mitchell
	uin	195592
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>The Government legislated in the Banking Reform Act 2013 to require the Financial Conduct Authority (FCA) to introduce a cap on the cost of high-cost short-term credit, including payday loans, in order to protect consumers from excessive costs. In designing the cap, the FCA will take into account the interest rate and other fees and charges which may be incurred in relation to a high-cost loan.</p><p> </p><p>As part of the FCA's powers to cap the cost of credit in the Financial Services Act 2012, the Government gave the FCA specific powers to prevent a lender enforcing a credit agreement and recovering the debt, if the agreement contravenes its rules on the cost of credit. It can also require that any money or property transferred under the credit agreement must be returned.</p><p> </p><p>The FCA is currently conducting analysis to inform the design of the cap; it has committed to publishing its proposed rules which implement the cap in July. The FCA plans to publish final rules in the autumn and all lenders must be compliant with the cap by 2 January 2015. The Government supports the FCA's proposed timetable for implementing the cap: it allows the FCA appropriate time to conduct analysis, consult on its proposals and ensure that firms are fully compliant by January. It also allows the FCA to draw on the insight of the Competition and Markets Authority's study into payday lenders in designing the cap.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195597 question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	372 label Biography information for Austin Mitchell

47126

	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, if he will bring forward proposals to limit the interest rate payable on payday loans; and if he will make a statement.
	tabling member constituency	Great Grimsby
	tabling member printed	Austin Mitchell
	uin	195597
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>The Government legislated in the Banking Reform Act 2013 to require the Financial Conduct Authority (FCA) to introduce a cap on the cost of high-cost short-term credit, including payday loans, in order to protect consumers from excessive costs. In designing the cap, the FCA will take into account the interest rate and other fees and charges which may be incurred in relation to a high-cost loan.</p><p> </p><p>As part of the FCA's powers to cap the cost of credit in the Financial Services Act 2012, the Government gave the FCA specific powers to prevent a lender enforcing a credit agreement and recovering the debt, if the agreement contravenes its rules on the cost of credit. It can also require that any money or property transferred under the credit agreement must be returned.</p><p> </p><p>The FCA is currently conducting analysis to inform the design of the cap; it has committed to publishing its proposed rules which implement the cap in July. The FCA plans to publish final rules in the autumn and all lenders must be compliant with the cap by 2 January 2015. The Government supports the FCA's proposed timetable for implementing the cap: it allows the FCA appropriate time to conduct analysis, consult on its proposals and ensure that firms are fully compliant by January. It also allows the FCA to draw on the insight of the Competition and Markets Authority's study into payday lenders in designing the cap.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195592 question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	372 label Biography information for Austin Mitchell

47157

	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, how many jobs have been transferred from the public to the private sector as a result of privatisations or outsourcing by his Department since May 2010.
	tabling member constituency	Manchester Central
	tabling member printed	Lucy Powell
	uin	195516
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>HM Treasury have not transferred any jobs to the private sector as a result of privatisations or outsourcing since May 2010.</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	4263 label Biography information for Lucy Powell