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31321

	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 discussions he has had with UKAR regarding the potential effect on customers of a rise in interest rates.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	182195
	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 182196 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

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

38564

	registered interest
	date	12/02/2014
	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 the size, in square metres, of the offices assigned to each of his Department's Ministers is; and how many officials, at what grade, work in the private offices of each of his Department's Ministers.
	tabling member constituency	North Durham
	tabling member printed	Mr Kevan Jones
	uin	188327
	answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>I can confirm that Ministers have a total of 256.08 sq m of office space currently assigned to them.</p><p> </p><p>In total, there are 35staff working in ministerial offices, compared to 38 members of staff in 2009. This is as follows:</p><p> </p><p>Range B: 6</p><p>Range C: 8</p><p>Range D: 13</p><p>Range E: 5</p><p>Range E2: 2</p><p>SCS: 1</p><p> </p><p>These figures are based on the latest data available for staffing numbers for HMT Treasury as of May 2014.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 14/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1438 label Biography information for Mr Kevan Jones

50063

	registered interest
	date	07/05/2014
	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 undertake a review of the effectiveness of the Debt Relief (Developing Countries) Act 2010 in preventing the use of the English legal system by vulture funds to extract funds from developing countries.
	tabling member constituency	Birmingham, Hall Green
	tabling member printed	Mr Roger Godsiff
	uin	198104
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>I refer the hon. Member to the answer given by the former Financial Secretary to the Treasury, my right hon. Friend the Member for Bromsgrove (Mr Javid) on 6 January 2014, which includes information on the Government's approach to promoting debt sustainability among low income countries.</p><p> </p><p>The impact assessment for the Debt Relief (Developing Countries) Act 2010 indicates direct benefits to Heavily Indebted Poor Countries (HIPCs) of between zero and £26m a year. The Government's decision to make the Act permanent on 25 May 2011 was taken following consultation with relevant stakeholders; evidence from that exercise suggested that the Act had some benefit on HIPCs and no evidence was found of unintended or adverse effects.</p><p> </p><p>The UK continues to be at the forefront of international efforts to promote responsible lending and borrowing practices, including our ongoing support for the IMF/World Bank Debt Sustainability Framework and OECD lending principles covering official export credits. The UK also supports the World Bank's debt reduction facility, which enables countries to buy back their commercial debt at a deep discount with donor backing, and the African Legal Support Facility, which provides legal advice to countries facing litigation.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	304 label Biography information for Mr Roger Godsiff

50071

	registered interest
	date	07/05/2014
	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 steps he will take to implement the Fourth Anti-Money Laundering Directive; and what plans he has to distinguish between high and low risk trusts.
	tabling member constituency	Belfast East
	tabling member printed	Naomi Long
	uin	198101
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The Treasury is leading the on-going negotiations on the Fourth Anti-Money Laundering Directive. The UK is committed to implementing measures to prevent potential misuse of trusts for illicit purposes. We support mandatory requirements on trustees to hold beneficial ownership information on their trusts and together with the new automatic exchange of tax information agreements there will be more transparency and information exchange on trusts than ever before.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3920 label Biography information for Naomi Long

50324

	registered interest
	date	08/05/2014
	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 discussions he has had with his foreign counterparts about reforms to transfer pricing arrangements.
	tabling member constituency	Dover
	tabling member printed	Charlie Elphicke
	uin	198184
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p><strong>The Chancellor of the Exchequer attended a G5 Ministers meeting in Paris on 28 April to discuss further steps on tackling tax evasion and avoidance. At the meeting, the G5 Ministers reiterated their strong support to the OECD-G20 Base Erosion and Profit Shifting project to develop a single set of global rules to tackle aggressive tax planning. The G5 Ministers agreed that transfer pricing is of the utmost importance and that the rules must be adapted to ensure that profit and value creation are aligned. </strong></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3971 label Biography information for Charlie Elphicke

50562

	registered interest
	date	12/05/2014
	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 reports the Illegal Money Lending Team in (a) Scotland, (b) Wales, (c) England, (d) Northern Ireland and (e) the UK received in each of the last four years for which figures are available.
	tabling member constituency	Airdrie and Shotts
	tabling member printed	Pamela Nash
	uin	198400
	answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>The Government has ensured that Illegal Money Lending Teams within Local Authority Trading Standards have a clear statutory remit and powers to tackle illegal lenders. This is complemented by a new role for the Financial Conduct Authority (FCA), as part of the transfer of consumer credit regulation to the FCA on 1 April 2014.</p><p> </p><p>The Illegal Money Lending Teams have powers to prosecute those who are found to be lending illegally and causing harm to some of the most vulnerable consumers. The FCA has equivalent powers.</p><p> </p><p>Illegal Money Lending Teams are also focussed on raising consumer awareness of illegal money lenders and encourage members of the public to report illegal money lenders through the ‘Stop Loan Sharks' campaign.</p><p> </p><p>Both the FCA and Illegal Money Lending Teams have a strong track record of taking enforcement action against illegal money lenders.</p><p> </p><p>The Scotland Illegal Money Lending Team records actionable intelligence and does not hold data on the total number of reports. The number of actionable reports for the last four years are:</p><p> </p><p>2010/11 – 28</p><p>2011/12 – 96</p><p>2012/13 -117</p><p>2013/14 – 65</p><p> </p><p>The Wales Illegal Money Lending Team's total number of reports as currently available are:</p><p> </p><p>2011/12 - 38</p><p>2012/13 – 32</p><p>2013/14 – 29</p><p> </p><p>The England Illegal Money Lending Team's total number of reports as currently available are:</p><p> </p><p>2011/12 - 460</p><p>2012/13 - 657</p><p>2013/14 - 592</p><p> </p><p>In Northern Ireland, Trading Standards is a devolved matter and therefore, the Government does not sponsor Illegal Money Lending Teams there.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 14/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3909 label Biography information for Pamela Nash

57630

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Help to Buy Scheme: West Midlands
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many homes in (a) the West Midlands and (b) Birmingham have been bought under the Help to Buy mortgage guarantee scheme to date.
	tabling member constituency	Birmingham, Selly Oak
	tabling member printed	Steve McCabe
	uin	198626
	answer	answer is ministerial correction date of answer 11/06/2014 answer text <p>The Government publishes quarterly official statistics relating to the Help to Buy: mortgage guarantee scheme. The first of these were published on 29 May 2014.</p><p> </p><p>This report, along with accompanying tables, can be found at: https://www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014</p><p> </p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 11/06/2014 16:02:23 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	298 label Biography information for Steve McCabe

57833

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when he expects the Financial Conduct Authority and Prudential Regulation Authority to publish their review on removing barriers to entry and expansion in retail banking.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	198990
	answer	answer is ministerial correction date of answer 11/06/2014 answer text <p>Budget 2014 detailed that the Financial Conduct Authority and Prudential Regulation Authority will publish a review of their work on removing barriers to entry and expansion in retail banking later this year.</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 11/06/2014 15:18:45 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4011 label Biography information for Cathy Jamieson

57834

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Payments System Regulator on its market study into the ownership of payments systems by the largest banks.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	198991
	answer	answer is ministerial correction date of answer 11/06/2014 answer text <p> </p><p>At Budget 2014, the Chancellor announced that the competition powers of the Payment Systems Regulator would be switched on with immediate effect. This enables the Regulator to conduct a market study on ownership of the payment systems and, depending on the outcome, to refer the question of ownership to the Competition and Markets Authority. The decision about whether to commence a market study is one for the Regulator.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 11/06/2014 15:25:19 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4011 label Biography information for Cathy Jamieson