Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1698975

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of his Department's staff are seconded to the Asian Infrastructure Investment Bank and for what purpose.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20494
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>HM Treasury pursues secondments with a wide range of partners to represent the Treasury, deepen our exchange with other institutions whilst also honing the skills and experience of our staff beyond the Civil Service environment.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 14:26:06 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698976

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what funding the UK has committed to the Asian Infrastructure Investment Bank since becoming a member.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20495
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Details on UK funding committed to the Asian Infrastructure Investment Bank (AIIB) can be found in the <a href="https://www.legislation.gov.uk/ukdsi/2015/9780111138960" target="_blank">AIIB Capital Order 2015</a> and in the <a href="https://www.gov.uk/government/publications/asian-infrastructure-investment-bank-aiib-special-fund" target="_blank">published guidance relating to the AIIB Project Preparation Special Fund.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 08:57:24 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698978

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
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 (a) financial and (b) political (i) benefits and (ii) disadvantages of membership of the Asian Infrastructure Investment Bank.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20496
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The Asian Infrastructure Investment Bank (AIIB) is an established multilateral development bank (MDB) with a membership of 109 countries worldwide.</p><p>The benefits of the UK's membership of the AIIB were set out when the government <a href="https://www.gov.uk/government/news/uk-announces-plans-to-join-asian-infrastructure-investment-bank" target="_blank">announced its intention for the UK to join the AIIB</a> and in <a href="https://hansard.parliament.uk/commons/2015-10-19/debates/38666024-f411-47c2-a905-96ea04ca1fa8/DraftAsianInfrastructureInvestmentBank(InitialCapitalContribution)Order2015" target="_blank">presenting the Draft AIIB (Initial Capital Contribution) Order 2015 for agreement by the House of Commons.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:25:18 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698979

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of the use of different economic forecasts by (a) the Bank of England and (b) the OBR on (i) monetary and (ii) fiscal decisions.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	20676
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England, so the government rightly does not comment on the conduct of monetary policy. The MPC publishes its forecasts on a quarterly basis to inform its monetary policy decisions.</p><p>The Office for Budget Responsibility (OBR) is the UK government’s independent official forecaster and publishes economic and fiscal forecasts at least twice per year alongside fiscal events. The OBR provides independence, transparency and credibility via its assessment of the economic and fiscal position and as the official forecaster it is right that it is the basis for government fiscal policy decisions.</p><p>The MPC and the OBR have different responsibilities, so it is right that they produce their own forecasts. The MPC’s forecasts reflect policy announced by the government and fiscal assumptions from the OBR and HM Treasury.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 09:08:05 answering member 4639 label Biography information for Bim Afolami
tabling member	4467 label Biography information for Drew Hendry

1698981

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
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 tackle the threat of use by the Chinese authorities of UK membership of the Asian Infrastructure Investment Ban to access UK data.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20497
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>We are actively monitoring threats to UK data and will not hesitate to take further action if necessary to protect our national security.</p><p>Data can be exploited by those seeking to counter UK interests and we are taking action to secure our data. As set out in the Integrated Review Refresh 2023, this includes considering new levers to prevent hostile actors accessing our data.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:28:02 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698984

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Secondment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, to what overseas-based financial organisations staff from his Department are seconded; and how many staff are seconded to each such organisation for how long and for what purpose.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20498
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>HM Treasury pursues secondments with a wide range of partners to represent the Treasury, deepen our exchange with other institutions whilst also honing the skills and experience of our staff beyond the Civil Service environment.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 14:24:37 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1699046

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Safe Hands Plans: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the oral question from the hon. Member for Blaenau Gwent of 19 March 2024, Official Report, column 794, when he expects the Financial Conduct Authority will complete its investigation into Safe Hands Ltd.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	20582
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The Treasury and FCA have worked closely throughout the process of bringing the pre-paid funeral plan sector into regulation, as well as during the implementation of the new regulatory framework.</p><p> </p><p>On 11 October 2023 the Serious Fraud Office (SFO) announced that it was conducting a criminal investigation into Safe Hands Plans Limited. As I am sure you will understand, I am unable to comment on this ongoing investigation.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 20583 question first answered 15/04/2024 11:27:13 answering member 4639 label Biography information for Bim Afolami
tabling member	3928 label Biography information for Nick Smith

1699047

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Safe Hands Plans: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his oral contribution in response to the question from the hon. Member for Blaenau Gwent of 19 March 2024, Official Report, column 794, if he will commit to an Independent Review of the funeral firm Safe Hands Ltd.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	20583
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The Treasury and FCA have worked closely throughout the process of bringing the pre-paid funeral plan sector into regulation, as well as during the implementation of the new regulatory framework.</p><p> </p><p>On 11 October 2023 the Serious Fraud Office (SFO) announced that it was conducting a criminal investigation into Safe Hands Plans Limited. As I am sure you will understand, I am unable to comment on this ongoing investigation.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 20582 question first answered 15/04/2024 11:27:13 answering member 4639 label Biography information for Bim Afolami
tabling member	3928 label Biography information for Nick Smith

1699070

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Growth
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his speech to the Conservative Party conference on 2 October 2023, on what evidential basis he said that the UK was one of the fastest growing European G7 countries since the date of the EU referendum.
tabling member constituency	East Devon
tabling member printed	Simon Jupp
uin	20815
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>The calculations underlying this statistic were based on public information available on the 29 September 2023, including quarterly GDP data published by the <a href="https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna" target="_blank">Office for National Statistics</a> for the UK and <a href="https://data-explorer.oecd.org/vis?pg=0&amp;bp=true&amp;snb=31&amp;tm=gdp%20growth&amp;vw=tb&amp;df%5bds%5d=dsDisseminateFinalDMZ&amp;df%5bid%5d=DSD_NAMAIN1%40DF_QNA_EXPENDITURE_GROWTH_G20&amp;df%5bag%5d=OECD.SDD.NAD&amp;df%5bvs%5d=1.0&amp;pd=2016-Q1%2C&amp;dq=Q............&amp;ly%5brw%5d=REF_AREA&amp;ly%5bcl%5d=TIME_PERIOD&amp;ly%5brs%5d=TRANSACTION%2CSECTOR&amp;to%5bTIME_PERIOD%5d=false" target="_blank">OECD data</a> for the remaining G7 European economies.</p><p> </p><p>The data showed that cumulative GDP growth in the UK since the referendum (change on 2016 Q2) through to 2023 Q2 of 8.2% was greater than that of Germany (5.7%) and Italy (4.7%) and slightly lower than France (8.6%).</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 09:00:50 answering member 4639 label Biography information for Bim Afolami
tabling member	4862 label Biography information for Simon Jupp

1699118

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services Compensation Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of changing the terms of the Financial Services Compensation Scheme to (a) protect savers when (i) banks and (ii) building societies merge and (b) increase the level of protection for accounts that originated under separate banking licences.
tabling member constituency	Bedford
tabling member printed	Mohammad Yasin
uin	20727
answer	answer is ministerial correction date of answer 18/04/2024 answer text <p>The Financial Services Compensation Scheme (FSCS) carries out its deposit protection function within rules set by the Prudential Regulation Authority (PRA). Under PRA rules, customer deposits held by authorised banks, building societies and credit unions in UK establishments are protected by the FSCS up to £85,000 per person, per banking licence. Under PRA rules, if there is a merger, the relevant firm must normally inform depositors at least one month before it takes effect. They must then give depositors three months to withdraw or transfer any deposit balances above the FSCS compensation limit without incurring penalties.</p><p> </p><p>The PRA is required to review the deposit protection limit every five years, with the next review due to occur by 2025.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 18/04/2024 14:15:33 answering member 4639 label Biography information for Bim Afolami
tabling member	4598 label Biography information for Mohammad Yasin