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873538

	registered interest
	date	28/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the contribution of the discussion paper from the FCA published on Monday 12 March 2018 entitled Transforming culture in financing services to addressing the issues raised by failures in the banking and finance sector over the last 10-15 years.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	134652
	answer	answer is ministerial correction date of answer 18/04/2018 answer text <p>The Government welcomes the Financial Conduct Authority’s recent discussion paper, ‘Transforming Culture in Financial Services’. The Government has not made a formal assessment of this paper. However, Government will continue to engage with the financial regulators and industry to progress this important issue, including to consider the views raised in this paper. The Government has implemented a number of reforms since the financial crisis to improve conduct and encourage a more positive culture in the financial services sector, including through the introduction of the Senior Managers and Certification Regime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/04/2018 13:01:42 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

886128

	registered interest
	date	18/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the oral contribution of the Economic Secretary to the Treasury on 18 January 2018, Official Report column 1127-8, what assessment he has made of the adequacy (a) with which the Financial Conduct Authority consultation paper CP18 sets out (i) Treasury and (ii) FCA powers, duties and responsibilities to small and medium-sized enterprises that suffered from bank maladministration in its proposed expansion of the range of people eligible to complain to the Financial Ombudsman Service from 1 December 2018 and (b) of the remedies available to people who suffered from bank maladministration in August 2007 and (A) went out of business and (B) still trade.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	136323
	answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>Financial Conduct Authority (FCA) consultation paper CP 18/3 accurately sets out which changes to the Financial Ombudsman Service’s compulsory jurisdiction the FCA could make using its powers.</p><p> </p><p>The Government awaits the outcomes of the analysis currently being conducted by various parties regarding small businesses’ options for resolving disputes with financial services providers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/04/2018 13:34:00 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

886130

	registered interest
	date	18/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the oral contribution of the Economic Secretary to the Treasury of 18 January 2018, Official Report, column 1125, whether the Financial Conduct Authority (FCA) principles set out in paragraph 2.1 of the handbook apply to all firms authorised by the FCA for its (a) regulated and (b) unregulated business.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	136325
	answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>The Principles for Businesses set out in paragraph 2.1 of the Financial Conduct Authority (FCA) handbook are directed at authorised firms’ conduct in relation to their regulated activity, with three exceptions (as set out in paragraph 3.2): principle three – the adequacy of a firm’s systems and controls; principle four – the adequacy of a firm’s financial resources; and principle eleven – the duty to deal with the FCA in an open and co-operative way. These three principles apply to authorised firms’ regulated and unregulated business.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/04/2018 13:28:13 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

895249

	registered interest
	date	01/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equity Release: Older People
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will support over-55s planning to take out equity release on their properties.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	140093
	answer	answer is ministerial correction date of answer 10/05/2018 answer text <p>Older borrowers already have access to equity release mortgages from a range of lenders.</p><p> </p><p>The UK’s equity release market is competitive, and continues to grow year on year. The Government does not currently intend to offer additional support to equity release customers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/05/2018 10:31:06 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

931783

	registered interest
	date	27/06/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Diesel: Smuggling
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to tackle the availability and use of illegal diesel fuel.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	158247
	answer	answer is ministerial correction date of answer 05/07/2018 answer text <p>HMRC continually refreshes its comprehensive anti-fraud oils strategy introduced in 2002, when fuel duty fraud involving illicit diesel cost the UK around £1.6bn in lost revenue. Latest estimates for 2016-17 indicate the tax gap for fuel duty has fallen to £200m across the UK. In Northern Ireland, where fuel fraud has been a particular problem, the illicit market share has reduced from 26% to 6% over the same period.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 05/07/2018 09:39:30 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4131 label Biography information for Jim Shannon

937737

	registered interest
	date	10/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cars: Insurance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department takes steps to provide tax relief to young first-time drivers for their first year of car insurance.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	162563
	answer	answer is ministerial correction date of answer 18/07/2018 answer text <p>All car insurance is subject to Insurance Premium Tax (IPT), which is a tax paid by insurers on all general insurance premiums</p><p> </p><p>As IPT is a tax paid by insurers, it is difficult to target a tax relief to benefit young drivers specifically. Tax reliefs of this kind also add complexity to the tax system and are likely to result in similar calls for reliefs on other forms of expenditure.</p><p> </p><p>However, the government does not apply VAT to any car insurance.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 18/07/2018 13:11:50 answering member 3935 label Biography information for Mel Stride
	tabling member	4131 label Biography information for Jim Shannon

947666

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Soft Drinks: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the effect of the soft drinks industry levy on sugar consumption levels in the UK.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	168061
	answer	answer is ministerial correction date of answer 04/09/2018 answer text <p>The Levy is designed to tackle childhood obesity by incentivising producers and importers to reduce the amount of added-sugar in the drinks they sell. So far, over half of all drinks that would otherwise have been in-scope have reduced their sugar content.</p><p> </p><p>Public Health England have also released ‘Sugar reduction: report on first year progress’ which shows that soft drinks manufacturers are leading the way in reducing sugar in their product.</p><p><a href="https://www.gov.uk/government/publications/sugar-reduction-report-on-first-year-progress" target="_blank">https://www.gov.uk/government/publications/sugar-reduction-report-on-first-year-progress</a></p> answering member constituency Newark answering member printed Robert Jenrick question first answered 04/09/2018 12:46:31 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4131 label Biography information for Jim Shannon

971751

	registered interest
	date	11/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Food: Manufacturing Industries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the Northern Ireland administration on support for the food and drink manufacturing sector.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	173579
	answer	answer is ministerial correction date of answer 17/09/2018 answer text <p>Treasury Ministers and officials have regular discussions with all of the devolved administrations on matters of importance to the economy across the UK.</p><p> </p><p>The government recognises that the UK food and drink industry is a success story – generating £22bn exports in 2017. To build on this success, the government has set up the Food and Drink Sector Council, a partnership with industry to support productivity growth throughout the supply chain.</p><p> </p><p>To support the drinks industry, the government also froze beer duty at Autumn Budget 2017, meaning that the price of a pint of beer is 2p cheaper than it otherwise would have been.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 17/09/2018 09:25:03 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4131 label Biography information for Jim Shannon

971753

	registered interest
	date	11/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Nurses: Northern Ireland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Permanent Secretary of the Department of Health in Northern Ireland on the provision of additional funding for NHS nurses in Northern Ireland.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	173580
	answer	answer is ministerial correction date of answer 17/09/2018 answer text <p>The Prime Minister announced additional funding of over £20 billion for the NHS starting in 2019-20. This is expected to be worth over £700m per annum for the Northern Ireland Executive by 2023-24. Final Barnett consequentials will be confirmed in due course as per the processes set out in the Statement of Funding Policy.</p><p> </p><p>The Financial Annex to the Confidence and Supply Agreement also committed £350m to the Northern Ireland Executive to manage immediate pressures in health and education, health transformation and mental health.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 17/09/2018 09:30:19 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4131 label Biography information for Jim Shannon

971768

	registered interest
	date	11/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Diesel: Prices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to reduce the cost of diesel fuel.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	173582
	answer	answer is ministerial correction date of answer 17/09/2018 answer text <p>The cost of diesel is linked to wholesale costs and the global oil price. To support households and businesses, the government has frozen fuel duty for eight successive years. By April 2019, these freezes will have saved the average car driver £850 compared to the pre-2010 escalator.</p><p> </p><p>However, freezes since 2011 have meant the Exchequer has not collected around £46 billion in revenues through to 2018-19, and a further £38 billion will be foregone over the Budget forecast period as a result of these previously announced freezes.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 17/09/2018 13:48:58 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4131 label Biography information for Jim Shannon