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1419304

	registered interest
	date	02/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Discrimination
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to help tackle age discrimination experienced by customers in their dealings with the financial services industry.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	116918
	answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>The Government is strongly committed to tackling financial exclusion and discrimination and aims for everyone, whatever their background, age or income to be able to access useful and affordable financial products and services. The Government works closely with regulators and stakeholders from the public, private and third sectors to ensure that all consumers of financial services are appropriately protected.</p><p> </p><p>The Financial Services Act 2021 requires the Financial Conduct Authority (FCA) to consult on whether it should make rules providing that authorised persons owe a duty of care to consumers.</p><p> </p><p>The FCA published an initial consultation on 14 May 2021 proposing a new ‘Consumer Duty’, which seeks to clarify and raise expectations for the standard of care that should be provided by financial services firms to consumers. A subsequent consultation was published on 7 December 2021 and is currently ongoing.</p><p> </p><p>Prior to this, in February 2021, the FCA also published its finalised guidance for firms on the fair treatment of vulnerable customers, setting out a number of best practices (<a href="https://www.fca.org.uk/publications/finalised-guidance/guidance-firms-fair-treatment-vulnerable-customers" target="_blank">https://www.fca.org.uk/publications/finalised-guidance/guidance-firms-fair-treatment-vulnerable-customers</a>). This applies to all firms where the FCA Principles for Business apply, regardless of sector and in respect of the supply of products or services to retail customers.</p><p> </p><p>UK banks’ and building societies’ treatment of their customers is governed by the FCA in its Principles for Businesses. This includes a general requirement for firms to provide a prompt, efficient and fair service to all of their customers. The FCA’s Handbook requires firms to identify customers who exhibit characteristics of vulnerability, and to deal with such customers appropriately. This includes older people, the disabled, and those who may lack the capacity to manage their account on their own.</p><p> </p><p>In addition, like all service providers, banks and building societies are bound under the Equality Act 2010 to make reasonable adjustments, where necessary, in the way they deliver their services.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 10/02/2022 14:02:28 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1439445

	registered interest
	date	09/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Cards: Surcharges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the impact of (a) removing credit charge surcharges on businesses selling high-value items and (b) policy on the price of consumer goods and services as businesses raise prices to cover the fees charged to them by credit card companies.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	137301
	answer	answer is ministerial correction date of answer 18/03/2022 answer text <p>Surcharging, the practice of charging a fee for using a certain payment method, is banned in the UK for payments made by consumer credit and debit cards. This ban was introduced through amendments made to the Consumer Rights (Payment Surcharges) Regulations 2012 by the Payment Services Regulations 2017. It remains the individual merchant or retailer’s choice whether to set a certain ‘minimum spend’ for a certain type of payment instrument, and whether to accept or decline any payment method.</p><p> </p><p>Regarding the cost of card payments more generally, the Payment Systems Regulator (PSR) was established with statutory objectives to ensure that payment systems are operated in a way that considers the interests of all the businesses and consumers that use them, and to promote effective competition between payment systems and services.</p><p> </p><p>The PSR continues to assess the effectiveness of the card-acquiring market for merchants and consumers. On 3 November 2021 the PSR published its Card Acquiring Market Review, examining how effectively the provisions of card-acquiring services are working for merchants, and ultimately consumers. The PSR has since released a Consultation on potential remedies to the problems it identifies. In its Review, the PSR recognise card fees as one area of concern, and have confirmed an additional phase of work to investigate the matter further. The PSR states that it will intervene to address any identified issues as necessary.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 18/03/2022 11:57:20 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1439446

	registered interest
	date	09/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to encourage businesses to accept cash payments following the end of covid-19 restrictions.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	137302
	answer	answer is ministerial correction date of answer 18/03/2022 answer text <p>The government recognises that the ability to transact in cash remains important to millions of people across the UK and has committed to legislating to protect access to cash.</p><p> </p><p>Last year, the government held an Access to Cash Consultation on proposals for new laws to make sure people only need to travel a reasonable distance to pay in or take out cash. The government’s proposals intend to support the continued use of cash in people’s daily lives and help to enable local businesses to continue accepting cash by ensuring they can access deposit facilities.</p><p> </p><p>The FCA has published research on cash acceptance by small and medium-sized enterprises (SMEs), which found that the primary motivation for accepting cash is to provide customers with choice. While it remains the individual retailer’s choice as to whether to accept or decline any form of payment, including cash or card, nearly all (98%) of surveyed businesses stated they would never turn away a customer if they needed to pay by cash.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/03/2022 11:59:18 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1523437

	registered interest
	date	18/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Rented Housing: Government Assistance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he will take to help protect people who rent from the potential detrimental effects caused by changes to the UK economy.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	65719
	answer	answer is ministerial correction date of answer 26/10/2022 answer text <p>Ensuring a fair deal for renters remains a priority for this government. The government has committed to the ban on section 21 ‘no fault’ evictions to protect tenants and the government is carefully considering next steps to support the rental market.</p><p> </p><p>The government understands that people across the UK are worried about the cost of living, and are seeing their disposable incomes decrease as they spend more on the essentials. That is why the government has announced £37 billion of support for the cost of living this financial year. It has taken decisive action to support millions of households and business with rising energy costs this winter through the Energy Price Guarantee and the Energy Bill Relief Scheme.</p><p> </p><p>In addition to the Energy Price Guarantee, millions of the most vulnerable households will receive £1200 of support this year through the £400 Energy Bills Support Scheme, £150 Council Tax rebate and one-off £650 Cost of Living Payment for those on means-tested benefits, with additional support for pensioners and those claiming disability benefits. The Government has also extended the Household Support Fund in England until March 2023. The fund supports households that are not eligible for one-off Cost of Living Payments or for families that need additional support.</p><p> </p><p>The Government is continuing to keep the situation under review and focus support on the most vulnerable whilst ensuring it acts in a fiscally responsible way.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/10/2022 14:17:01 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

935302

	registered interest
	date	06/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Payments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his Department's consultation on Cash and digital payments in the new economy, published on 13 March 2018, when his Department plans to respond to that consultation; and if he will make a statement.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161547
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161548 161549 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

935303

	registered interest
	date	06/07/2018
	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 his Department is taking to tackle excessive card payment surcharges.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161548
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161547 161549 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

935304

	registered interest
	date	06/07/2018
	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 assessment his Department has made of the effectiveness of the Consumer Rights (Payment Surcharge) Regulations 2012 in tackling excessive card payment surcharges.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161549
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161547 161548 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

1147741

	registered interest
	date	02/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Debt Management Office
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much the UK Debt Management Office has loaned to (a) the City of York local authority, (b) local authorities in Yorkshire and the Humber and (c) local authorities in the UK in each year since 2010-11; and how much has been repaid to date.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	293646
	answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The UK Debt Management Office runs the day-to-day-operations of the Public Works Loan Board on behalf of the Public Works Loan Commissioners.</p><p>The following table details the amount the Public Works Loan Board has loaned to the City of York, Local authorities in Yorkshire and Humber, and Local Authorities in the UK, by year, in millions of pounds.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td><p><em>£ millions</em></p></td><td><p>2010-11</p></td><td><p>2011-12</p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td><td><p>2019-20 (Apr-Sept)</p></td></tr><tr><td><p>City of York local authority</p></td><td><p>14</p></td><td><p>133.55</p></td><td><p>0</p></td><td><p>0</p></td><td><p>15</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p>Local authorities in Yorkshire and the Humber</p></td><td><p>260.49</p></td><td><p>804.13</p></td><td><p>249.66</p></td><td><p>74.3</p></td><td><p>54.709</p></td><td><p>263.78</p></td><td><p>202.1</p></td><td><p>274.406</p></td><td><p>505.4</p></td><td><p>476</p></td></tr><tr><td><p>Local authorities in the UK</p></td><td><p>5,255</p></td><td><p>16,110</p></td><td><p>3,159</p></td><td><p>1,624</p></td><td><p>2,587</p></td><td><p>3,021</p></td><td><p>3,634</p></td><td><p>5,162</p></td><td><p>9,131</p></td><td><p>6,363</p></td></tr></tbody></table><p> </p><p>Of the loans advanced UK-wide since April 2010, the total amount of principal repaid to date is £3,653 million.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:10:47 answering member 4051 label Biography information for John Glen
	tabling member	4471 label Biography information for Rachael Maskell

1147742

	registered interest
	date	02/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Women in Finance Charter
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many organisations in (a) Yorkshire and the Humber, (b) London and (c) the UK have signed up to the Women in Finance Charter; and how many workers in each such area are covered under that Charter.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	293647
	answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>HM Treasury’s Women in Finance Charter reflects our ambition to see an improved gender balance in the financial services industry. Charter signatories have committed to implement strategic actions to improve their gender balance at a senior level.</p><p> </p><p>To date, over 350 financial services firms have signed the Charter, covering over 800,000 people. Of these, around two thirds of signatories have headquarters in London and around one third have headquarters elsewhere in the UK.</p><p> </p><p>We only hold information on the location of each signatory’s headquarters and so we are unable to provide an estimate of how many workers in each area are covered by the Charter. For example, some of the signatory organisations headquartered in London will have locations in other areas of the country. Of the over 1 million people employed in the financial and insurance sector in the UK, 63% work outside London.</p><p> </p><p>Our second annual review of the Women in Finance Charter was published on 14 March 2019 and demonstrated that 72% of signatories had increased the proportion of women in senior management over that period. Firms who have been signed up for two years made more progress in the second year than in the first. We are in the process of gathering data for the third annual review which I hope will show further progress.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:11:20 answering member 4051 label Biography information for John Glen
	tabling member	4471 label Biography information for Rachael Maskell

1147743

	registered interest
	date	02/10/2019
	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	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of economic effect of the UK leaving the EU without a deal; and whether that assessment has changed compared with assessments made before 29 March 2019.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	293648
	answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>We would prefer to leave with a deal, and we continue to work in an energetic and determined way to get that better deal.</p><p> </p><p>The Government is turbocharging preparations to ensure we are ready to leave with or without a deal on 31 October, and all necessary funds will be made available.</p><p> </p><p>The fundamentals of the British economy are strong – real wages are growing; employment is at a record high and the unemployment rate is at a historic low.</p><p> </p><p>Short-term forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy.</p><p> </p><p>The Bank of England has provided analysis of the EU exit impacts on the UK economy consistent with its responsibilities on monetary policy.</p><p><strong> </strong></p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:08:05 answering member 4051 label Biography information for John Glen
	tabling member	4471 label Biography information for Rachael Maskell