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1234273

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	What steps his Department is taking to help ensure that buy now pay later lenders comply with guidance set out by the (a) Financial Conduct Authority and (b) Advertising Standards Agency.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	906085
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>Where a buy now pay later lender is offering a regulated credit agreement, it must be authorised and regulated by the Financial Conduct Authority. Where an authorised firm breaches FCA rules and guidance, the FCA is able to take action against them.</p><p> </p><p>Where a firm breaks the UK Advertising Codes, the Advertising Standards Authority is able to ban those advertisements.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/09/2020 13:03:09 answering member 4051 label Biography information for John Glen
tabling member	4088 label Biography information for Stella Creasy

1365135

registered interest
date	02/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Crime
house id	1
legislature	25259 pref label House of Commons
question text	What steps he plans to take in response to the publication of the Pandora Papers to tackle (a) tax avoidance, (b) money laundering and (c) other financial crimes.
tabling member constituency	Ilford South
tabling member printed	Sam Tarry
uin	904001
answer	answer is ministerial correction date of answer 02/11/2021 answer text <p>This government is committed to making the UK a hostile place for illicit finance and economic crime. We are determined to crack down on dirty money and financial exploitation, to protect our security and prosperity. We have taken action through our ‘No Safe Havens’ strategy to ensure the correct UK tax is paid; and our landmark 2019 Economic Crime Plan outlines a comprehensive response to ensure the UK cannot be abused for economic crime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/11/2021 14:47:12 answering member 4051 label Biography information for John Glen
tabling member	4829 label Biography information for Sam Tarry

1234272

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to support regional economies.
tabling member constituency	Stockport
tabling member printed	Navendu Mishra
uin	906093
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.</p><p> </p><p>At the Summer Economic Update, the Chancellor announced the Government’s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 906079 question first answered 15/09/2020 13:05:20 answering member 4051 label Biography information for John Glen
tabling member	4811 label Biography information for Navendu Mishra

1234274

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to support regional economies.
tabling member constituency	Cambridge
tabling member printed	Daniel Zeichner
uin	906079
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.</p><p> </p><p>At the Summer Economic Update, the Chancellor announced the Government’s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 906093 question first answered 15/09/2020 13:05:20 answering member 4051 label Biography information for John Glen
tabling member	4382 label Biography information for Daniel Zeichner

1136092

registered interest
date	02/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to increase incentives for people to save.
tabling member constituency	New Forest West
tabling member printed	Sir Desmond Swayne
uin	911692
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government has introduced a range of measures to support savers.</p><p>We have increased the amount of money that people can save into their ISAs each year to a record £20,000 and introduced a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.</p><p>Thanks to these measures, over 95% of people with savings income pay no tax on that income.</p><p> </p><p>The new Help to Save scheme is supporting working families on low incomes to build up a rainy-day fund by offering a 50% bonus on up to £50 of monthly saving.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:13:36 answering member 4051 label Biography information for John Glen
tabling member	55 label Biography information for Sir Desmond Swayne

1177550

registered interest
date	11/02/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services Compensation Scheme
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to ensure that the level of the Financial Services Compensation Scheme levy is (a) equitable and (b) proportionate.
tabling member constituency	Cities of London and Westminster
tabling member printed	Nickie Aiken
uin	900747
answer	answer is ministerial correction date of answer 11/02/2020 answer text <p>The FSCS is an independent non-governmental body. It operates within the rules set by the FCA and the PRA, who are also independent from government.</p><p> </p><p>The FSCS levy is set annually, within the overall levy limits set by the FCA and PRA. It is for the FCA and PRA to consider the impact of the levy on the firms they regulate. The Government has no role in setting the levy.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/02/2020 15:25:18 answering member 4051 label Biography information for John Glen
tabling member	4741 label Biography information for Nickie Aiken

1338666

registered interest
date	22/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	What recent discussions he has had with the Financial Conduct Authority on tackling online financial crime.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	901634
answer	answer is ministerial correction date of answer 22/06/2021 answer text <p>Whilst the FCA is an independent, non-governmental regulator, the Treasury, as the department jointly responsible for economic crime policy with Home Office, is in regular contact with the FCA on matters to do with online financial crime. I can confirm that my officials hold regular discussions with their FCA counterparts on these issues, including on the delivery of the Economic Crime Plan, the prevention of online harms, including financial promotions and online fraud, and issues related to anti-money laundering supervision. In addition, the FCA is a member of the Economic Crime Strategic Board, through which the government, regulators, law enforcement, and industry discuss and drive forward the UK’s overall response to economic crime.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 22/06/2021 13:27:08 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1256942

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Income: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	What recent comparative assessment his Department has made of the effect on regional economies of the Government's covid-19 financial support package.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	909619
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>The government recognises that every region is feeling the impact of this crisis, and has taken unprecedented steps to support people and businesses across the country.</p><p> </p><p>For example, the government has helped over a million employers furlough 9.6 million employments, including 350,700 in the North East, and supported over 60 billion pounds of loans, including £1.4bn for over 40,000 businesses in the North East. Regional breakdowns are published regularly on gov.uk.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/12/2020 14:24:14 answering member 4051 label Biography information for John Glen
tabling member	4125 label Biography information for Catherine McKinnell

1136090

registered interest
date	02/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What recent assessment his Department has made of the short-term economic effect of the UK leaving the EU without a deal.
tabling member constituency	Bethnal Green and Bow
tabling member printed	Rushanara Ali
uin	911690
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government has prepared extensively for a range of Brexit scenarios.</p><p> </p><p>But even with these preparations, leaving with “No Deal” would entail significant disruption in the short term. And in the long-term, the government’s analysis shows clearly that regions, nations and sectors of the UK would have lower economic output compared to today’s arrangements.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:11:29 answering member 4051 label Biography information for John Glen
tabling member	4138 label Biography information for Rushanara Ali

1441162

registered interest
date	15/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What recent assessment he has made of the strength of the UK economy.
tabling member constituency	Wallasey
tabling member printed	Dame Angela Eagle
uin	906080
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>Last year we saw a faster-than-previously-expected economic recovery, with the fastest growth in the G7.</p><p> </p><p>However, the conflict in Ukraine has affected the global economy. The government is closely monitoring developments and the channels which may impact the UK economy. The precise impacts will depend on the size and persistence of any shocks to trade, financial markets, and energy markets, which are highly uncertain.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:41:45 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle