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1127792

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Health: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to support the Government’s cross-departmental commitment to prioritising a public health approach in the forthcoming Spending Review, and whether that support will include allocating funding for evidence-based parenting support.
	tabling member constituency	Knowsley
	tabling member printed	Mr George Howarth
	uin	256943
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>Decisions on public spending will be made in the round as part of the Spending Review process. As such, we will be working closely with other departments to assess public health priorities and ensure a joined-up approach across government.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 23/05/2019 11:40:15 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	481 label Biography information for Sir George Howarth

1127465

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bingo and Football Pools: Taxation
	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 effectiveness of the rate of gross profits tax levied on (a) bingo clubs and (b) the Football Pools; and for what reasons there is a difference between the two.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	256222
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>No assessment has been made. The government recognises the significant role that bingo clubs play in bringing local communities together and contributing to British culture. This is why the government decided to reduce the rate of bingo duty to 10%.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/05/2019 16:10:29 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1436 label Biography information for Paul Farrelly

1127466

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Football Pools: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the revenue that could accrue to the public purse from a redeveloped football pools industry.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	256223
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>No estimate has been made. Pool Betting Duty raises around £5m in revenue for the Exchequer per annum. Reducing the level of taxation would be likely to have at best a limited effect on the football pools. However, it could put revenue at risk, particularly through incentivising switching of products from fixed odds bets to pooled bets.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/05/2019 16:07:48 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1436 label Biography information for Paul Farrelly

1127514

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gold and Foreign Exchange Reserves
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the UK’s official reserves are of (a) gold, (b) foreign currency and (c) other assets as at 31 March 2019.
	tabling member constituency	Stafford
	tabling member printed	Jeremy Lefroy
	uin	256257
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>As at end March 2019, the market value of the UK’s official reserves was $169.5 billion. This comprised of (a) $12.9 billion gold, (b) $129.5 billion foreign currency reserves and (c) $27.1 billion other assets.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:50:43 answering member 4051 label Biography information for John Glen
	tabling member	4109 label Biography information for Jeremy Lefroy

1127517

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what representations he has received on requiring companies using continuous payment authorities to contact customers in advance of the automatic renewal date to provide the option to cancel.
	tabling member constituency	Chipping Barnet
	tabling member printed	Theresa Villiers
	uin	256260
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The Payment Services Regulations, which came into force in January 2018, regulate how Continuous Payment Authorities, or CPAs, are established, and the rights and obligations of payers, payees and payment service providers. In its published guidance on the regulations, the FCA states that consumers have the absolute right to cancel CPAs at any time before the end of the business day before a payment is due to be made, and to obtain an immediate refund from their payment service provider if any future payments are debited from their account after they have revoked their consent.</p><p> </p><p>The Chancellor of the Exchequer has not received representations regarding companies using continuous payment authorities. In the Consumer Green Paper, ‘Modernising Consumer Markets’ published by the Department for Business, Energy and Industrial Strategy last year, the Government announced that it had asked the Consumer Protection Partnership to assess the issues with subscriptions and to recommend any further actions needed. The Government is considering the advice received and will publish a White Paper later this year.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:50:06 answering member 4051 label Biography information for John Glen
	tabling member	1500 label Biography information for Theresa Villiers

1127519

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish the directions, as listed under section 78(5) of the Financial Services Act 2012, which the Treasury has given to the Financial Conduct Authority for its inquiry into London Capital & Finance.
	tabling member constituency	Canterbury
	tabling member printed	Rosie Duffield
	uin	256332
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>I have today laid a Direction before Parliament requiring the Financial Conduct Authority to carry out an independent investigation into the events and circumstances surrounding the failure of London Capital and Finance.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:48:49 answering member 4051 label Biography information for John Glen
	tabling member	4616 label Biography information for Rosie Duffield

1127522

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department taking in relation to unregulated mini-bonds following the collapse of London Capital & Finance.
	tabling member constituency	Weaver Vale
	tabling member printed	Mike Amesbury
	uin	256333
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>On 1 April, the Government announced it will direct the Financial Conduct Authority (FCA) to launch an investigation into the events and circumstances surrounding the failure and placing into administration of London Capital and Finance plc (LCF). This followed a request from the FCA Chair, Charles Randell, to launch such an investigation.</p><p> </p><p>On 23 May 2019, the Government laid a direction before Parliament setting out the terms of the investigation. Alongside this, the Government announced it will separately review the wider policy questions raised by this case.</p><p> </p><p>Although operationally independent, the Financial Services Compensation Scheme (FSCS) and the FCA are both accountable to HM Treasury and to Parliament. My officials and I engage with the FCA and FSCS on an ongoing basis, and HM Treasury continues to work with the relevant bodies on the failure of LCF as a matter of priority. The FSCS is also continuing work to increase awareness and understanding of FSCS protection.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 256334 question first answered 23/05/2019 12:46:44 answering member 4051 label Biography information for John Glen
	tabling member	4667 label Biography information for Mike Amesbury

1127523

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with representatives of the (a) Financial Conduct Authority and (b) Financial Services Compensation Scheme to ensure that investors in mini-bonds such have adequate information on the risks of such schemes before investing following the collapse of London Capital & Finance.
	tabling member constituency	Weaver Vale
	tabling member printed	Mike Amesbury
	uin	256334
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>On 1 April, the Government announced it will direct the Financial Conduct Authority (FCA) to launch an investigation into the events and circumstances surrounding the failure and placing into administration of London Capital and Finance plc (LCF). This followed a request from the FCA Chair, Charles Randell, to launch such an investigation.</p><p> </p><p>On 23 May 2019, the Government laid a direction before Parliament setting out the terms of the investigation. Alongside this, the Government announced it will separately review the wider policy questions raised by this case.</p><p> </p><p>Although operationally independent, the Financial Services Compensation Scheme (FSCS) and the FCA are both accountable to HM Treasury and to Parliament. My officials and I engage with the FCA and FSCS on an ongoing basis, and HM Treasury continues to work with the relevant bodies on the failure of LCF as a matter of priority. The FSCS is also continuing work to increase awareness and understanding of FSCS protection.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 256333 question first answered 23/05/2019 12:46:44 answering member 4051 label Biography information for John Glen
	tabling member	4667 label Biography information for Mike Amesbury

1127639

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Offshore Industry: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the total income received by the Government from north sea oil and gas was in each of the last five years.
	tabling member constituency	Leeds Central
	tabling member printed	Hilary Benn
	uin	256241
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The total income received by the Government from North Sea oil and gas for each of the last five years is available on GOV.UK. It can be found in HMRC’s ‘March 2019 Tax NIC Receipts’ publication in the table entitled HM Revenue and Customs receipts.</p><p><a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a></p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 23/05/2019 16:05:11 answering member 4320 label Biography information for Robert Jenrick
	tabling member	413 label Biography information for Hilary Benn

1127656

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to tackle excessive credit card charges.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	256401
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>On 1 April 2014, regulation of the consumer credit market was transferred to the Financial Conduct Authority (FCA). The government has given the FCA strong powers to protect consumers and to take action against firms and individuals that do not meet its standards.</p><p> </p><p>The FCA conducted an extensive study of the credit card market from 2014-2016. In its final report, the FCA said that competition is working well for the majority of consumers, but expressed concerns about the scale, extent, and nature of problem credit card debt. The FCA then announced a package of remedies in February 2018, including: giving customers more control over credit limits; encouraging customers to repay more quickly; earlier identification of customers at risk of financial difficulty; and, help for customers in persistent debt, with escalating measures at 18, 28, and 36 months.</p><p> </p><p>The government welcomes the FCA’s remedies to tackle persistent debt in the credit card market, and will continue to work closely with the FCA to ensure all customers are treated fairly.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:53:40 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon