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1121347

registered interest
date	11/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
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 Financial Conduct Authority on the planned timeframe for the publication of a report on the second phase of its investigation into the Royal Bank of Scotland's Global Restructuring Group.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	244146
answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>On 31 July 2018, the Financial Conduct Authority (FCA) announced it would publish a fuller account of its findings following the conclusion of its investigation into the Royal Bank of Scotland’s Global Restructuring Group.</p><p> </p><p>The FCA is an independent non-governmental body. In view of this independence, it would not be appropriate for the Government to comment on the timeframe for the publication of the FCA’s findings.</p><p> </p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2019 13:04:47 answering member 4051 label Biography information for John Glen
tabling member	4432 label Biography information for Patrick Grady

1121360

registered interest
date	11/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings: Older People
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 the elderly to accrue personal savings.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	244002
answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save.</p><p> </p><p>Older people will continue to benefit from a number of measures this Government has introduced in recent years.</p><p> </p><p>The amount of money that people can save into their ISAs each year (the annual subscription allowance) has been increased to a record £20,000.</p><p> </p><p>Since April 2016, individuals have also been able to benefit from a new Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.</p><p> </p><p>As a result of these measures, over 95% of people with savings income pay no tax on that income.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2019 13:07:19 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1121394

registered interest
date	11/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the oral contribution of 9 April 2019, Official Report, column 159, what assessment he has made of the effect of the extension to Article 50 has had on levels of stockpiling; and what support his Department provides to help businesses that are stockpiling.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	244080
answer	answer is ministerial correction date of answer 24/04/2019 answer text <p>The Prime Minister has agreed to an extension to Article 50 until 31 October 2019 at the latest. This eliminates the risk of a near-term economic disruption as a result of leaving the EU without a deal before that date. The Government’s priority is to leave the EU with a deal as soon as possible, providing certainty for businesses and delivering a Brexit that best supports the economy and jobs. The Government has published extensive advice on the steps that businesses may need to take to prepare for our exit from the EU. The public information campaign pages on Gov.uk provide all up to date material on the considerations of EU exit for businesses, and the practical steps that they will need to take in preparation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 24/04/2019 13:23:21 answering member 4051 label Biography information for John Glen
tabling member	4124 label Biography information for Chi Onwurah

1121507

registered interest
date	11/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the unrecoverable cost to British economy of preparations for the (a) 31 March deadline for the UK to leaving the EU and (b) 12 April deadline for the UK to leaving the EU.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	244081
answer	answer is ministerial correction date of answer 24/04/2019 answer text <p>The government has committed to ensuring that preparations are in place for leaving the European Union.</p><p> </p><p>Despite the uncertainty around Brexit, the economy remains resilient. We are currently enjoying the longest unbroken quarterly growth streak of any G7 nation and employment is at a record high. The Government’s priority is to leave the EU with a deal as soon as possible, providing certainty for businesses and delivering a Brexit that best supports the economy and jobs. The Government has published extensive advice on the steps that businesses may need to take to prepare for our exit from the EU. The public information campaign pages on Gov.uk provide all up to date material on the considerations of EU exit for businesses, and the practical steps that they will need to take in preparation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 24/04/2019 13:32:19 answering member 4051 label Biography information for John Glen
tabling member	4124 label Biography information for Chi Onwurah

1111112

registered interest
date	10/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reasons the mini-bond market is not regulated by the Financial Conduct Authority.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	243341
answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>It is not a regulated activity for firms to issue their own securities, including mini-bonds, due to an exemption within the Regulated Activities Order 2001. This exemption exists to ensure that companies in the real economy can raise finance to fund their business without having to become authorised by the Financial Conduct Authority (FCA).</p><p> </p><p>However, to protect consumers, the marketing and promotion of such securities, including mini-bonds, are subject to the financial promotion restrictions set out in the Financial Services and Markets Act. This requires that the content of any financial promotion be approved by an FCA authorised firm unless an exemption applies. It is the responsibility of the FCA authorised firm to ensure the financial promotion is clear, fair and not misleading. Authorised firms that fail to meet these requirements may be subject to enforcement action by the FCA.</p><p> </p><p>HM Treasury keeps the regulatory framework for financial services under review, and updates it as necessary. We are committed to maintaining a strong and safe financial system, with high standards of consumer protection. On 1 April, I announced that I will direct the FCA to launch an investigation into the events at London Capital &amp; Finance, a firm which issued mini-bonds in order to fund loans that it made to other parties. This followed a request from the FCA Chair, Charles Randell, to launch such an investigation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2019 13:02:29 answering member 4051 label Biography information for John Glen
tabling member	320 label Biography information for Mr Adrian Bailey

1111174

registered interest
date	10/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Fees and Charges
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 effect of cash withdrawal fees on small businesses that host ATM machines.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	243569
answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The Government-established Payment Systems Regulator (PSR) is closely monitoring developments within ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>LINK cancelled its third interchange fee reduction, due in January 2020, and put on hold its fourth reduction, due in January 2021, pending further review. The PSR welcomed these adjustments, having stated that LINK must carefully review its decisions on interchange fees to reflect changing market conditions.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/04/2019 11:21:25 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1110536

registered interest
date	09/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will (a) undertake a review of the compensation afforded to people affected by Equitable Life and (b) issue guidance on recourse available to people affected in Crewe and Nantwich constituency that have (i) not been paid and (ii) received insufficient compensation.
tabling member constituency	Crewe and Nantwich
tabling member printed	Laura Smith
uin	242926
answer	answer is ministerial correction date of answer 16/04/2019 answer text <p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and further guidance on the status of the Payment Scheme after closure is available at https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/04/2019 14:32:05 answering member 4051 label Biography information for John Glen
tabling member	4648 label Biography information for Laura Smith

1110831

registered interest
date	09/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Rural Areas
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps is he taking to seek to ensure that ATM operators maintain no charge access to machines in rural areas throughout the UK.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	242726
answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The Government-established Payment Systems Regulator (PSR) is closely monitoring developments within ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>Additionally, LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM and has also enhanced its Financial Inclusion Programme, tripling the funding available to ATMs in the most deprived areas of the UK. LINK has also announced new additional premiums to safeguard the presence of free-to-use ATMs in remote and deprived areas.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/04/2019 11:17:22 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1110234

registered interest
date	08/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Visas: Skilled Workers
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 net fiscal effect on the public purse of the Government’s decision to increase the number of Tier 5 Exceptional Talent visas from 1,000 to 2,000.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	242081
answer	answer is ministerial correction date of answer 12/04/2019 answer text <p>The Treasury has not made an assessment of the net fiscal impact of increasing the number of Tier 1 Exceptional Talent visas available. In 2018, the number of Exceptional Talent Visas granted was within the previous quota.</p><p> </p><p>The increase in quota ensures that we have sufficient headroom in the Exceptional Talent route to continue to attract highly skilled people from across the globe; and is a demonstration of the Government’s commitment to ensuring that the UK remains a world-leader in the digital technology, science, arts and the creative sectors.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/04/2019 15:40:24 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

1110006

registered interest
date	05/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance: 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 with the Financial Conduct Authority on the collapse of London Capital & Finance Ltd.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	241437
answer	answer is ministerial correction date of answer 10/04/2019 answer text <p>The Government takes very seriously the failure of London Capital and Finance (LCF). On 1 April, I wrote to the Chair at the Financial Conduct Authority, Charles Randell, to say I will use powers under the Financial Services Act 2012 to direct the FCA to launch an investigation into the events at LCF and the circumstances surrounding them. This followed a request to me from Charles Randell to launch such an investigation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/04/2019 15:20:43 answering member 4051 label Biography information for John Glen
tabling member	4268 label Biography information for Steve Reed