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982556

	registered interest
	date	08/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets: Russia
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assets have been frozen under the Andrey Lugovoy and Dmitri Kovtun Freezing Orders 2016 and 2018.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	175841
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>The Treasury imposed an asset freeze on Lugovoy and Kovtun on 22 January 2016 by making a freezing order under the Anti-terrorism, Crime and Security Act 2001. The duration of such an order is two years. On 22 January 2018 a new order was made under the Act.</p><p> </p><p>In the ‘Andrey Lugovoy and Dmitri Kovtun Freezing Order 2018’ Debate before the House of Lords on 20 February 2018, Lord Young of Cookham made clear to the House that during the two-year period of the first order, HM Treasury had received no information in respect of the designations in place against Lugovoy and Kovtun.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2018 16:06:20 answering member 4051 label Biography information for John Glen
	tabling member	178 label Biography information for John McDonnell

982557

	registered interest
	date	08/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions the Government has had with (a) the EU Council presidency and (b) EU member states on the scope of obligations on trust in relation to financial transparency.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	175842
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>The Government engaged with both the European Commission and EU Member States (including those holding the rotating Presidency of the EU Council) on expanding national registers of trust beneficial ownership as part of the negotiations of the Fifth Anti-Money Laundering Directive (5AMLD).</p><p> </p><p>5AMLD requires an expansion of the scope of such registers from ‘trusts with a tax consequence’ to all express trusts and non-EU trusts which acquire real estate or have a business relationship within the EU. Access to this register will also be extended to firms regulated for anti-money laundering purposes, and those with a legitimate interest in the information.</p><p> </p><p>5AMLD has a transposition deadline during January 2020. This falls within the implementation period, and so the UK will transpose this Directive. The Government will consult on the transposition of the Directive in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2018 16:11:07 answering member 4051 label Biography information for John Glen
	tabling member	178 label Biography information for John McDonnell

983238

	registered interest
	date	08/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to bring forward proposals for the mandatory provision of basic bank accounts for all individuals; and if he will make a statement.
	tabling member constituency	Cheltenham
	tabling member printed	Alex Chalk
	uin	176454
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>Under the Payment Accounts Regulations 2015, the nine largest personal current account providers in the UK must offer a basic bank account to customers who are either unbanked in the UK or who are not eligible for any other current account the bank offers.</p><p> </p><p>The nine designated institutions are: Barclays, Clydesdale and Yorkshire Bank, Co-operative Bank, HSBC, Lloyds Banking Group (including Halifax and Bank of Scotland brands), Nationwide, Royal Bank of Scotland (including NatWest and Ulster Bank brands), Santander, TSB.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2018 16:09:20 answering member 4051 label Biography information for John Glen
	tabling member	4481 label Biography information for Alex Chalk

982826

	registered interest
	date	08/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to review the Access to Banking Standard.
	tabling member constituency	Ochil and South Perthshire
	tabling member printed	Luke Graham
	uin	176582
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>The Government recognises that branch closures can be difficult for the customers affected and urges the banks to consider these concerns when making decisions on their branch network. That is why Government supports the Access to Banking Standard, and makes clear to the banks and building societies who have signed up that they should participate genuinely and with the spirit of the agreement, not just the letter, in mind.</p><p> </p><p>The Government supports the Lending Standard’s Board’s monitoring and enforcing of the Standard, and welcomed their recent report on firms’ compliance with its requirements. The Government considers the current scheme of oversight to be working effectively at present.</p><p> </p><p>The Government will continue to monitor the effectiveness of the Access to Banking Standard, and Lending Standards Board oversight of it, to ensure that it continues to strike the right balance between providing commercial flexibility and consumer protection.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2018 16:07:52 answering member 4051 label Biography information for John Glen
	tabling member	4622 label Biography information for Luke Graham

982990

	registered interest
	date	08/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Buy Scheme: Oxfordshire
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential mertis of increasing the threshold for the Help to Buy ISA for first-time buyers in Oxfordshire to the London higher price limit of £450,000.
	tabling member constituency	Oxford West and Abingdon
	tabling member printed	Layla Moran
	uin	176641
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>The Government is committed to making the aspiration of home ownership a reality for as many households as possible. That’s why we introduced the Help to Buy schemes, which have helped more than 420,000 people get onto the housing ladder.</p><p> </p><p>The Help to Buy: ISA scheme aims to help those that are struggling to save enough to get onto the housing ladder. The house price cap of £250,000 (£450,000 in London) allows us to achieve this by targeting support at those who need it most. There are no plans to increase the threshold specifically for first time buyers in Oxfordshire. The average value of a property completion under the scheme has been £172,448, well below the average UK house price of £224,144 and the £250,000 cap.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2018 16:12:39 answering member 4051 label Biography information for John Glen
	tabling member	4656 label Biography information for Layla Moran