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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

47162

	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, which five companies were used most often to provide temporary workers for his Department in the last financial year; and how much in agency fees was paid to each of them.
	tabling member constituency	Nottingham East
	tabling member printed	Chris Leslie
	uin	195563
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Under this Government's transparency programme, contracts are published on Contracts Finder which is available at: <a href="https://www.gov.uk/contracts-finder" target="_blank">https://www.gov.uk/contracts-finder</a>.</p><p> </p><p>In addition all Departments publish details of transactions above £25,000. Data for HM Treasury can be found at:</p><p><a href="http://www.gov.uk/government/collections/25000-spend" target="_blank">www.gov.uk/government/collections/25000-spend</a></p><p> </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	422 label Biography information for Mr Chris Leslie

47166

	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, what assessment he has made of the effect the introduction of seven-day bank account switching has had on the number of people changing bank account provider; and if he will make a statement.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	195454
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p><strong>The Current Account Switching Service launched in September of last year, and has had a very positive impact. Early signs are positive, with switching numbers in Q4 of 2013 up by 17 per cent compared to Q4 of the previous year. </strong></p><p> </p><p><strong>The Financial Conduct Authority will carry out a review in September of this year into the effectiveness of the Current Account Switching Service. This will include an assessment of the effect the introduction of seven day account switching has had on the number of people changing bank account provider. </strong></p><p> </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	1586 label Biography information for Adam Afriyie

47377

	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, which 10 consultancy firms were paid the most by his Department in the last financial year; and how much each of those firms was paid.
	tabling member constituency	Nottingham East
	tabling member printed	Chris Leslie
	uin	195585
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Since January 2011, central government departments have been required to publish on Contracts Finder information on the contracts they award (<a href="http://www.contractsfinder.businesslink.gov.uk/" target="_blank">www.contractsfinder.businesslink.gov.uk/</a>).</p><p> </p><p>In addition, departments publish details of spend in excess of £25,000 at <a href="http://www.gov.uk/government/collections/25000-spend" target="_blank">www.gov.uk/government/collections/25000-spend</a> .</p><p> </p><p> </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	422 label Biography information for Mr Chris Leslie

48904

	registered interest
	date	10/04/2014
	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, what assessment he has made of the effect of sustained low interest rates on incentives to save; and if he will make a statement.
	tabling member constituency	Wycombe
	tabling member printed	Steve Baker
	uin	903726
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Low interest rates have benefited everyone, including through reducing mortgage rates, but the Government recognises that this has made it harder for people's savings to grow and to secure an adequate income for retirement. The Government believes it is right, therefore, to support hard working people that have taken the long term decisions to save and plan for their future.</p><p> </p><p>The Budget package announced last month aims to help all savers at all stages of life. It reduces tax for the lowest income savers; reforms the ISA regime to give all savers greater flexibility as to where and how they save their money; and creates new products to help retired savers see a better return.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 29/04/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
	tabling member	4064 label Biography information for Mr Steve Baker

48142

	registered interest
	date	10/04/2014
	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 VAT431NB claims have been submitted in each of the last 32 quarters.
	tabling member constituency	Leeds Central
	tabling member printed	Hilary Benn
	uin	196287
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Data on these forms is not kept on a quarterly basis.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 196288 question first answered 29/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	413 label Biography information for Hilary Benn

48143

	registered interest
	date	10/04/2014
	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 VAT431C claims have been submitted in each of the last 32 quarters.
	tabling member constituency	Leeds Central
	tabling member printed	Hilary Benn
	uin	196288
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Data on these forms is not kept on a quarterly basis.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 196287 question first answered 29/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	413 label Biography information for Hilary Benn

48899

	registered interest
	date	10/04/2014
	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, what recent estimate he has made of how much the reduction in the additional rate of income tax to 45 per cent will be worth each year for a person earning £1 million a year.
	tabling member constituency	Edinburgh South
	tabling member printed	Ian Murray
	uin	903727
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>I refer the hon. Gentleman to the answer I gave today to the hon. Member for Sefton Central (Bill Esterson).</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 29/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3966 label Biography information for Ian Murray