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31322

	registered interest
	date	07/01/2014
	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 assessment he has made of the potential effect of an interest rate rise on customers whose mortgages are held by UKAR; and what support is available to assist such customers to switch providers.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	182196
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>This Government's long term economic plan has kept interest rates at record lows for hardworking people across the country.</p><p> </p><p>Many lenders impose affordability stress tests on their mortgage lending decisions to ensure that the mortgage will remain affordable should interest rates rise. The Financial Conduct Authority's Mortgage Market Review rules, which came into force in April this year will require all mortgage lenders to conduct such a stress test.</p><p> </p><p>Although UKAR does not engage in new lending, UKAR runs a range of modelling scenarios to understand the potential effects of interest rate rises on customers. This work helps UKAR to identify customers who may be susceptible to higher interest rates and to engage with such customers at an early stage.</p><p> </p><p>UKAR assists all customers who wish to switch mortgage providers.</p><p> </p><p>NRAM and Bradford and Bingley are managed by UK Asset Resolution Limited (UKAR) which was established in 2010 to manage the disposal and rundown of outstanding assets at Bradford &amp; Bingley and Northern Rock Asset Management in an integrated way, with a view to creating value for the taxpayer. UKAR is managed at arm's length from Government, on commercial principles.</p><p> </p><p>It is therefore not for the Chancellor to discuss detailed commercial matters with UKAR.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 182195 question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4011 label Biography information for Cathy Jamieson

992863

	registered interest
	date	22/10/2018
	answering body	Department for Exiting the European Union
	answering dept id	203
	answering dept short name	Exiting the European Union
	answering dept sort name	Exiting the European Union
	hansard heading	UK Trade with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Exiting the European Union, what assessment he has made of the ability of the EU to reach a legally-binding agreement with the UK on a future trading relationship in advance of the UK leaving the EU.
	tabling member constituency	North East Somerset
	tabling member printed	Mr Jacob Rees-Mogg
	uin	182196
	answer	answer is ministerial correction date of answer 26/10/2018 answer text <p>As the Prime Minister made clear in her Statement to the House on Monday (22-10-2018), the Future Framework agreement will take the form of a political declaration that will accompany and be referred to in the Withdrawal Agreement. Although the EU is only able legally to conclude the final agreements on the future relationship once the UK has left the EU in March 2019, this political declaration will nevertheless carry significant force.<br><br></p><p> </p> answering member constituency Daventry answering member printed Chris Heaton-Harris question first answered 26/10/2018 07:49:58 answering member 3977 label Biography information for Chris Heaton-Harris
	tabling member	4099 label Biography information for Sir Jacob Rees-Mogg