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1460359

registered interest
date	26/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions: Russia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of licences given by the Office for Financial Sanctions Implementation to British law firms in respect of Russian operations; and whether that organisation allows licensed firms to continue representing Russian state-related companies.
tabling member constituency	Plymouth, Moor View
tabling member printed	Johnny Mercer
uin	160535
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>Data on licences issued will be provided in OFSI’s Annual Review 2021-22 which is due to be published this year.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 11:07:10 answering member 4051 label Biography information for John Glen
tabling member	4485 label Biography information for Johnny Mercer

1460400

registered interest
date	26/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts: Greater London
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will increase the £450,000 cap of the Lifetime ISA for London residents given that the average property price in London is £667,000.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	160559
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>The Lifetime ISA is intended to support younger people to save for their first home or for later life by offering a generous government bonus of 25% on up to £4,000 of savings each year. These funds, including the government bonus, can be used to purchase a first home up to the value of £450,000.</p><p> </p><p>This price cap remains above the average price paid by first-time buyers for all regions of the UK, except for inner London where property prices are distorted by boroughs with significant property values. The Government therefore considers that the £450,000 price cap is suitable to support the majority of first-time buyers across the UK, who typically purchase less expensive properties than other buyers, while also ensuring sustainable public finances. The most recent Office for Budget Responsibility forecast stated that bonus payments will have an exchequer cost of £3.5 billion between 2021 and 2027. The price cap ensures that this significant investment of public money is more precisely targeted towards households that may find it more difficult to get onto the property ladder.</p><p> </p><p>First-time buyers who can purchase a home valued over £450,000 are likely to have an income significantly above that of the average household in the UK and are therefore more likely to be able to purchase a first home without the support of this scheme.</p><p> </p><p>However, the Government continues to keep all aspects of savings policy under review.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 07:06:16 answering member 4051 label Biography information for John Glen
tabling member	4788 label Biography information for Fleur Anderson

1460463

registered interest
date	26/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Bank Trust: Foreign Exchange
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the Russian Central Bank can recover funds in pound sterling in the UK via the National Bank Trust.
tabling member constituency	Edinburgh West
tabling member printed	Christine Jardine
uin	160587
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>I am unable to comment on individual cases. However, the UK has imposed sanctions that prohibit UK persons from providing financial services for the purposes of foreign exchange or asset management of the Central Bank of Russia, the Russian Ministry of Finance, and the National Wealth Fund of Russia. These restrictions apply to all transactions in pound sterling.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 11:03:45 answering member 4051 label Biography information for John Glen
tabling member	4634 label Biography information for Christine Jardine

1459982

registered interest
date	25/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme
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 reforming the eligibility criteria for the Help to Buy ISA in response to the increase in average house prices since 2013.
tabling member constituency	Birkenhead
tabling member printed	Mick Whitley
uin	159079
answer	answer is ministerial correction date of answer 27/04/2022 answer text <p>While the Government keeps all aspects of savings policy under review, the Help to Buy: ISA scheme aims to help those struggling to save enough to get onto the housing ladder at the lower end of the market. The property price cap of £250,000 for those properties outside London (£450,000 within London) therefore allows the Government to target support at the people the scheme is intended to help across the country.</p><p /><p>The latest statistics show that since the scheme was launched in 2015, 460,567 property completions have been supported through the scheme with a mean property value of £175,680, compared to an average first-time buyer house price of £230,593.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/04/2022 12:30:43 answering member 4051 label Biography information for John Glen
tabling member	4755 label Biography information for Mick Whitley

1460098

registered interest
date	25/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus: China
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 that further non-pharmaceutical interventions to limit the spread of covid-19 in China may have on the UK economy; and if he will place a copy of that assessment in the Library.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	158939
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>The Government is mindful of both the domestic and international risks that might affect the UK economy. We monitor these risks closely, including the recent rise in Covid-19 cases in China. The Government remains committed to supporting businesses, people, and jobs.</p><p> </p><p>In its December 2021 record, the Financial Policy Committee of the Bank of England noted that “the interim results of the 2021 Solvency Stress Test indicate that the UK banking system is resilient to the direct effects of a severe downturn in China and Hong Kong, as well as indirect effects through sharp adjustments in global asset prices”.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 11:05:25 answering member 4051 label Biography information for John Glen
tabling member	4031 label Biography information for Rachel Reeves

1460166

registered interest
date	25/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freezing of Assets: Russia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the total value is of assets frozen under sanctions relating to Russia.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	159060
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>Relevant firms are legally obliged to report to the Office of Financial Sanctions Implementation (OFSI) if they hold frozen assets of a designated person or entity they suspect to be on the list of asset freeze targets. OFSI is currently receiving a high volume of reporting about assets being frozen relating to sanctions imposed since Russia's invasion of Ukraine. This information is being collated and assured. Fuller details will be released in due course and will mark a substantial increase on previous assets reported as frozen under Russia sanctions.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 07:08:51 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1460182

registered interest
date	25/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Environment Protection
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 incorporating and implementing just transition principles into plans for Sustainable Disclosure Requirements as part of the Green Finance Roadmap.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	158923
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>The document ‘Greening Finance: A Roadmap to Sustainable Investing’ sets out the Government’s plan to introduce coordinated Sustainability Disclosure Requirements (SDR) across the economy.</p><p> </p><p>As set out in the Roadmap, the Government intends to green the financial system in phases. The first is informing investors and consumers – addressing the information gaps in the market and ensuring a flow of decision-useful information on sustainability factors from corporates to financial market participants. This is the main aim of SDR: to increase transparency for market participants to ensure they have the information they need to factor sustainability into their investment decisions.</p><p> </p><p>Phase two in the Roadmap is about acting on that information. The government set out its expectation that, as this information becomes available and develops over time, the UK’s investment sector – investors, asset managers, asset owners, and the service providers that support them – will have the data to act as effective and responsible stewards of capital.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 07:10:14 answering member 4051 label Biography information for John Glen
tabling member	3930 label Biography information for Caroline Lucas

1459390

registered interest
date	22/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Public Consultation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish the Access to Cash Consultation.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	157535
answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>The government recognises that cash remains an important part of daily life for millions of people across the UK, and remains committed to legislating to protect access to cash.</p><p> </p><p>From 1 July to 23 September last year, the government held the 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 government received responses to the consultation from a broad range of respondents, including individuals, businesses, and charities. The government has carefully considered responses to the consultation and will set out next steps in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 157536 question first answered 26/04/2022 15:07:33 answering member 4051 label Biography information for John Glen
tabling member	4788 label Biography information for Fleur Anderson

1459391

registered interest
date	22/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what progress his Department is making on bringing forward legislative proposals to protect access to cash.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	157536
answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>The government recognises that cash remains an important part of daily life for millions of people across the UK, and remains committed to legislating to protect access to cash.</p><p> </p><p>From 1 July to 23 September last year, the government held the 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 government received responses to the consultation from a broad range of respondents, including individuals, businesses, and charities. The government has carefully considered responses to the consultation and will set out next steps in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 157535 question first answered 26/04/2022 15:07:33 answering member 4051 label Biography information for John Glen
tabling member	4788 label Biography information for Fleur Anderson

1459834

registered interest
date	22/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to encourage countries at risk of debt distress to engage in the G20 Common Framework; and if she will make a statement.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	157569
answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>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. It considers debt treatments on a case-by-case basis and is driven by requests from eligible debtor countries. If countries are facing significant debt vulnerabilities, they can – if eligible – request a treatment under the Common Framework.</p><p> </p><p>In its February 2022 communique, the G20 reiterated its commitment to step up efforts to implement the Common Framework in a timely, orderly and coordinated manner. Our priority is to work with our G20 partners to implement the Framework for those who have requested it and to support new countries who come forward.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/04/2022 11:05:27 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne