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1506866

registered interest
date	20/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Post Offices: Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing the amount of cash that can be deposited at a post office.
tabling member constituency	Bosworth
tabling member printed	Dr Luke Evans
uin	52010
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>The Government recognises that millions of people across the UK continue to use cash as part of their daily lives, particularly those in vulnerable groups, and has introduced legislation to protect access to cash as part of the Financial Services and Markets Bill. The Bill intends to establish the Financial Conduct Authority as the lead regulator for cash access and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>The Government welcomes The Post Office Banking Framework between Post Office Limited and the major UK banks which allows 99% of personal banking and 95% of business customers to carry out their everyday banking at 11,500 Post Office branches across the UK.</p><p> </p><p>This is a commercial agreement and therefore the Government does not make assessments of the commercial discussions between POL and participating firms. However, the Government expects the UK banking sector to continue to ensure customers have appropriate access to banking services.</p><p> </p><p>Any method for depositing cash must comply with relevant regulations, including Money Laundering Regulations. The value of cash that can be deposited at a Post Office branch is a commercial decision for the parties involved.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 52011 question first answered 22/09/2022 13:15:10 answering member 4874 label Biography information for Andrew Griffith
tabling member	4781 label Biography information for Dr Luke Evans

1506867

registered interest
date	20/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Post Offices: Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of whether (a) banks and (b) building societies would be willing to provide (i) training and (ii) equipment to help ensure that post offices are able to undertake over-the-counter banking services.
tabling member constituency	Bosworth
tabling member printed	Dr Luke Evans
uin	52011
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>The Government recognises that millions of people across the UK continue to use cash as part of their daily lives, particularly those in vulnerable groups, and has introduced legislation to protect access to cash as part of the Financial Services and Markets Bill. The Bill intends to establish the Financial Conduct Authority as the lead regulator for cash access and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>The Government welcomes The Post Office Banking Framework between Post Office Limited and the major UK banks which allows 99% of personal banking and 95% of business customers to carry out their everyday banking at 11,500 Post Office branches across the UK.</p><p> </p><p>This is a commercial agreement and therefore the Government does not make assessments of the commercial discussions between POL and participating firms. However, the Government expects the UK banking sector to continue to ensure customers have appropriate access to banking services.</p><p> </p><p>Any method for depositing cash must comply with relevant regulations, including Money Laundering Regulations. The value of cash that can be deposited at a Post Office branch is a commercial decision for the parties involved.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 52010 question first answered 22/09/2022 13:15:10 answering member 4874 label Biography information for Andrew Griffith
tabling member	4781 label Biography information for Dr Luke Evans

1506181

registered interest
date	08/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Tax Yields
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the total income to the Treasury was from pensions where the pension fund was not exhausted prior to the recipient's death between 2010 and 2021.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Neale Hanvey
uin	49791
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>Information in the form requested is not readily available and could only be obtained, compiled, and collated at disproportionate cost.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/09/2022 08:04:17 answering member 4874 label Biography information for Andrew Griffith
tabling member	4782 label Biography information for Neale Hanvey

1506238

registered interest
date	08/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Zambia: BlackRock
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the implications for his policies of the approach taken by BlackRock to Zambian debt.
tabling member constituency	Southport
tabling member printed	Damien Moore
uin	49771
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>Zambia is one of three countries to have requested a debt treatment under the Common Framework. The Common Framework was agreed in November 2020 by the UK, along with the G20 and Paris Club, to help deliver a long-term, sustainable approach for supporting low-income countries to tackle their debt vulnerabilities.</p><p> </p><p>Private sector participation in the Common Framework is critical. Under the terms of the Common Framework, a debtor country that signs an MoU with participating official creditors will be required to seek from all private creditors a treatment at least as favourable. Accordingly, once Zambia signs an MoU for its case it will need to engage its private creditors to ensure their participation on comparable terms.</p><p>The Government routinely engages private sector creditors on international debt issues in a number of fora and will work closely with its international partners to ensure private creditors fully play their part in Zambia’s restructuring.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/09/2022 07:41:44 answering member 4874 label Biography information for Andrew Griffith
tabling member	4669 label Biography information for Damien Moore

1505932

registered interest
date	07/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Blackmore Bond: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had the Financial Conduct Authority on the collapse of Blackmore Bond.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	49282
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>HM Treasury works closely with the FCA to maintain a strong and safe financial system. Treasury Ministers and officials regularly meet with the FCA to discuss a variety of matters.</p><p> </p><p>The FCA does not have power to investigate a firm that is unauthorised and not carrying out regulated activities. Where problems fall outside the FCA’s statutory remit, they assist other agencies and regulators wherever they can. As Blackmore Bond was an unregulated firm, the FCA passed the relevant information to the City of London Police.</p><p> </p><p>In November 2019, the FCA temporarily banned the promotion of high-risk ‘speculative illiquid securities’ to ordinary retail investors. This ban covers the type of mini-bonds sold by Blackmore Bond. This ban was made permanent in January 2021.</p><p> </p><p>In April 2021, the Treasury launched a consultation on proposals for bringing mini-bonds within the scope of regulation. On 1 March 2022 the Treasury set out its intention to include non-transferable securities, including mini-bonds, within the scope of the Prospectus Regime Review. Issuers of mini-bonds would be required to offer their securities via a platform which would ensure appropriate due diligence and disclosure and be regulated by the FCA.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/09/2022 07:35:47 answering member 4874 label Biography information for Andrew Griffith
tabling member	4788 label Biography information for Fleur Anderson