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50562

registered interest
date	12/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many reports the Illegal Money Lending Team in (a) Scotland, (b) Wales, (c) England, (d) Northern Ireland and (e) the UK received in each of the last four years for which figures are available.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	198400
answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>The Government has ensured that Illegal Money Lending Teams within Local Authority Trading Standards have a clear statutory remit and powers to tackle illegal lenders. This is complemented by a new role for the Financial Conduct Authority (FCA), as part of the transfer of consumer credit regulation to the FCA on 1 April 2014.</p><p> </p><p>The Illegal Money Lending Teams have powers to prosecute those who are found to be lending illegally and causing harm to some of the most vulnerable consumers. The FCA has equivalent powers.</p><p> </p><p>Illegal Money Lending Teams are also focussed on raising consumer awareness of illegal money lenders and encourage members of the public to report illegal money lenders through the ‘Stop Loan Sharks' campaign.</p><p> </p><p>Both the FCA and Illegal Money Lending Teams have a strong track record of taking enforcement action against illegal money lenders.</p><p> </p><p>The Scotland Illegal Money Lending Team records actionable intelligence and does not hold data on the total number of reports. The number of actionable reports for the last four years are:</p><p> </p><p>2010/11 – 28</p><p>2011/12 – 96</p><p>2012/13 -117</p><p>2013/14 – 65</p><p> </p><p>The Wales Illegal Money Lending Team's total number of reports as currently available are:</p><p> </p><p>2011/12 - 38</p><p>2012/13 – 32</p><p>2013/14 – 29</p><p> </p><p>The England Illegal Money Lending Team's total number of reports as currently available are:</p><p> </p><p>2011/12 - 460</p><p>2012/13 - 657</p><p>2013/14 - 592</p><p> </p><p>In Northern Ireland, Trading Standards is a devolved matter and therefore, the Government does not sponsor Illegal Money Lending Teams there.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 14/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

50324

registered interest
date	08/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with his foreign counterparts about reforms to transfer pricing arrangements.
tabling member constituency	Dover
tabling member printed	Charlie Elphicke
uin	198184
answer	answer is ministerial correction date of answer 13/05/2014 answer text <p><strong>The Chancellor of the Exchequer attended a G5 Ministers meeting in Paris on 28 April to discuss further steps on tackling tax evasion and avoidance. At the meeting, the G5 Ministers reiterated their strong support to the OECD-G20 Base Erosion and Profit Shifting project to develop a single set of global rules to tackle aggressive tax planning. The G5 Ministers agreed that transfer pricing is of the utmost importance and that the rules must be adapted to ensure that profit and value creation are aligned. </strong></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3971 label Biography information for Charlie Elphicke

50063

registered interest
date	07/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will undertake a review of the effectiveness of the Debt Relief (Developing Countries) Act 2010 in preventing the use of the English legal system by vulture funds to extract funds from developing countries.
tabling member constituency	Birmingham, Hall Green
tabling member printed	Mr Roger Godsiff
uin	198104
answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>I refer the hon. Member to the answer given by the former Financial Secretary to the Treasury, my right hon. Friend the Member for Bromsgrove (Mr Javid) on 6 January 2014, which includes information on the Government's approach to promoting debt sustainability among low income countries.</p><p> </p><p>The impact assessment for the Debt Relief (Developing Countries) Act 2010 indicates direct benefits to Heavily Indebted Poor Countries (HIPCs) of between zero and £26m a year. The Government's decision to make the Act permanent on 25 May 2011 was taken following consultation with relevant stakeholders; evidence from that exercise suggested that the Act had some benefit on HIPCs and no evidence was found of unintended or adverse effects.</p><p> </p><p>The UK continues to be at the forefront of international efforts to promote responsible lending and borrowing practices, including our ongoing support for the IMF/World Bank Debt Sustainability Framework and OECD lending principles covering official export credits. The UK also supports the World Bank's debt reduction facility, which enables countries to buy back their commercial debt at a deep discount with donor backing, and the African Legal Support Facility, which provides legal advice to countries facing litigation.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	304 label Biography information for Mr Roger Godsiff

50071

registered interest
date	07/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he will take to implement the Fourth Anti-Money Laundering Directive; and what plans he has to distinguish between high and low risk trusts.
tabling member constituency	Belfast East
tabling member printed	Naomi Long
uin	198101
answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The Treasury is leading the on-going negotiations on the Fourth Anti-Money Laundering Directive. The UK is committed to implementing measures to prevent potential misuse of trusts for illicit purposes. We support mandatory requirements on trustees to hold beneficial ownership information on their trusts and together with the new automatic exchange of tax information agreements there will be more transparency and information exchange on trusts than ever before.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3920 label Biography information for Naomi Long

49926

registered interest
date	06/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what contribution the UK will make towards the $17 billion IMF package for Ukraine.
tabling member constituency	Paisley and Renfrewshire South
tabling member printed	Mr Douglas Alexander
uin	197774
answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>As a member of the IMF, the UK will be involved in the IMF's $17 billion programme for Ukraine. The UK's contribution to the Fund is not public spending and would have no fiscal implications on the UK: it does not add to our debt or deficit. With its preferred creditor status, lending to the IMF is one of the most credit-worthy institutions in the world and no-one who has ever provided money to the IMF has ever lost that money.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	632 label Biography information for Mr Douglas Alexander

49928

registered interest
date	06/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the proportion of the $3.2 billion released by the IMF to Ukraine's interim government that will be spent on servicing debt to Russian gas providers.
tabling member constituency	Paisley and Renfrewshire South
tabling member printed	Mr Douglas Alexander
uin	197781
answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>The IMF's programme is intended to put the Ukrainian economy on a more stable footing, part of which involves Ukraine servicing its legitimate debts. The actual repayment of Ukraine's gas debts is a matter for the Government in Kyiv to discuss with their creditors.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	632 label Biography information for Mr Douglas Alexander

49208

registered interest
date	30/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with (a) representatives or organisations offering free debt advice, (b) representatives of fee charging debt management organisations, (c) creditors and (d) the Insolvency Service on the potential effect of his Department's withdrawal from the Debt Management Plan Protocol guidance group.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Cathy Jamieson
uin	197276
answer	answer is ministerial correction date of answer 08/05/2014 answer text <p>The Government is committed to improving standards in the debt management industry to deliver a better deal for consumers and greater transparency for creditors. The Debt Management Plan Protocol played a crucial role in meeting this objective, working in complement with the OFT regulatory framework, and paved the way for more robust regulation of the sector by the FCA.</p><p> </p><p>From 1 April, responsibility for regulating debt management firms, along with all other consumer credit firms, transferred from the Office of Fair Trading to the Financial Conduct Authority (FCA).</p><p> </p><p>Consumers will be better protected under the new regime - the FCA will:</p><p>· police the gateway to the market more thoroughly;</p><p>· proactively identify risks to consumers;</p><p>· focus its supervisory resources on areas most likely to cause consumer harm;</p><p>· approve individuals in influential roles in firms;</p><p>· operate a flexible and responsive regime;</p><p>· use its wide enforcement toolkit;</p><p>· and ensure consumers have access to redress.</p><p> </p><p>The FCA will thoroughly assess every debt management firm's fitness to trade as part of the authorisation process – debt management firms will be amongst the first to require authorisation.</p><p> </p><p>The FCA has also introduced new requirements for debt management firms, including:</p><p>· Prudential requirements: Debt management firms often hold consumers' money - the FCA is requiring large debt management firms to hold capital to ensure that consumers don't risk losing their money if things go wrong.</p><p>· Guidance added that debt management firms should not allocate more than half the money received from customers in debt management plans to meeting their fees and charges.</p><p> </p><p>With the new FCA regulatory regime in place which will greatly improve consumer protection in the debt management market, the Government decided following discussions with a range of stakeholders that it was the right time to step away from an active role in the Protocol.</p><p> </p><p>The Government hopes that the stakeholders involved in the Protocol will continue to work together to help the FCA monitor the market and drive best practice in the sector.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 197277 197278 197279 question first answered 08/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4011 label Biography information for Cathy Jamieson

49209

registered interest
date	30/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reason his Department will no longer participate in the Debt Management Plan Protocol guidance group; and if he will make a statement.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Cathy Jamieson
uin	197277
answer	answer is ministerial correction date of answer 08/05/2014 answer text <p>The Government is committed to improving standards in the debt management industry to deliver a better deal for consumers and greater transparency for creditors. The Debt Management Plan Protocol played a crucial role in meeting this objective, working in complement with the OFT regulatory framework, and paved the way for more robust regulation of the sector by the FCA.</p><p> </p><p>From 1 April, responsibility for regulating debt management firms, along with all other consumer credit firms, transferred from the Office of Fair Trading to the Financial Conduct Authority (FCA).</p><p> </p><p>Consumers will be better protected under the new regime - the FCA will:</p><p>· police the gateway to the market more thoroughly;</p><p>· proactively identify risks to consumers;</p><p>· focus its supervisory resources on areas most likely to cause consumer harm;</p><p>· approve individuals in influential roles in firms;</p><p>· operate a flexible and responsive regime;</p><p>· use its wide enforcement toolkit;</p><p>· and ensure consumers have access to redress.</p><p> </p><p>The FCA will thoroughly assess every debt management firm's fitness to trade as part of the authorisation process – debt management firms will be amongst the first to require authorisation.</p><p> </p><p>The FCA has also introduced new requirements for debt management firms, including:</p><p>· Prudential requirements: Debt management firms often hold consumers' money - the FCA is requiring large debt management firms to hold capital to ensure that consumers don't risk losing their money if things go wrong.</p><p>· Guidance added that debt management firms should not allocate more than half the money received from customers in debt management plans to meeting their fees and charges.</p><p> </p><p>With the new FCA regulatory regime in place which will greatly improve consumer protection in the debt management market, the Government decided following discussions with a range of stakeholders that it was the right time to step away from an active role in the Protocol.</p><p> </p><p>The Government hopes that the stakeholders involved in the Protocol will continue to work together to help the FCA monitor the market and drive best practice in the sector.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 197276 197278 197279 question first answered 08/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4011 label Biography information for Cathy Jamieson

49210

registered interest
date	30/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the future implementation of the Debt Management Plan Protocol.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Cathy Jamieson
uin	197278
answer	answer is ministerial correction date of answer 08/05/2014 answer text <p>The Government is committed to improving standards in the debt management industry to deliver a better deal for consumers and greater transparency for creditors. The Debt Management Plan Protocol played a crucial role in meeting this objective, working in complement with the OFT regulatory framework, and paved the way for more robust regulation of the sector by the FCA.</p><p> </p><p>From 1 April, responsibility for regulating debt management firms, along with all other consumer credit firms, transferred from the Office of Fair Trading to the Financial Conduct Authority (FCA).</p><p> </p><p>Consumers will be better protected under the new regime - the FCA will:</p><p>· police the gateway to the market more thoroughly;</p><p>· proactively identify risks to consumers;</p><p>· focus its supervisory resources on areas most likely to cause consumer harm;</p><p>· approve individuals in influential roles in firms;</p><p>· operate a flexible and responsive regime;</p><p>· use its wide enforcement toolkit;</p><p>· and ensure consumers have access to redress.</p><p> </p><p>The FCA will thoroughly assess every debt management firm's fitness to trade as part of the authorisation process – debt management firms will be amongst the first to require authorisation.</p><p> </p><p>The FCA has also introduced new requirements for debt management firms, including:</p><p>· Prudential requirements: Debt management firms often hold consumers' money - the FCA is requiring large debt management firms to hold capital to ensure that consumers don't risk losing their money if things go wrong.</p><p>· Guidance added that debt management firms should not allocate more than half the money received from customers in debt management plans to meeting their fees and charges.</p><p> </p><p>With the new FCA regulatory regime in place which will greatly improve consumer protection in the debt management market, the Government decided following discussions with a range of stakeholders that it was the right time to step away from an active role in the Protocol.</p><p> </p><p>The Government hopes that the stakeholders involved in the Protocol will continue to work together to help the FCA monitor the market and drive best practice in the sector.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 197276 197277 197279 question first answered 08/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4011 label Biography information for Cathy Jamieson

49211

registered interest
date	30/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of his Department's withdrawal from the Debt Management Plan Protocol guidance group on the development of future non-statutory debt solutions.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Cathy Jamieson
uin	197279
answer	answer is ministerial correction date of answer 08/05/2014 answer text <p>The Government is committed to improving standards in the debt management industry to deliver a better deal for consumers and greater transparency for creditors. The Debt Management Plan Protocol played a crucial role in meeting this objective, working in complement with the OFT regulatory framework, and paved the way for more robust regulation of the sector by the FCA.</p><p> </p><p>From 1 April, responsibility for regulating debt management firms, along with all other consumer credit firms, transferred from the Office of Fair Trading to the Financial Conduct Authority (FCA).</p><p> </p><p>Consumers will be better protected under the new regime - the FCA will:</p><p>· police the gateway to the market more thoroughly;</p><p>· proactively identify risks to consumers;</p><p>· focus its supervisory resources on areas most likely to cause consumer harm;</p><p>· approve individuals in influential roles in firms;</p><p>· operate a flexible and responsive regime;</p><p>· use its wide enforcement toolkit;</p><p>· and ensure consumers have access to redress.</p><p> </p><p>The FCA will thoroughly assess every debt management firm's fitness to trade as part of the authorisation process – debt management firms will be amongst the first to require authorisation.</p><p> </p><p>The FCA has also introduced new requirements for debt management firms, including:</p><p>· Prudential requirements: Debt management firms often hold consumers' money - the FCA is requiring large debt management firms to hold capital to ensure that consumers don't risk losing their money if things go wrong.</p><p>· Guidance added that debt management firms should not allocate more than half the money received from customers in debt management plans to meeting their fees and charges.</p><p> </p><p>With the new FCA regulatory regime in place which will greatly improve consumer protection in the debt management market, the Government decided following discussions with a range of stakeholders that it was the right time to step away from an active role in the Protocol.</p><p> </p><p>The Government hopes that the stakeholders involved in the Protocol will continue to work together to help the FCA monitor the market and drive best practice in the sector.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 197276 197277 197278 question first answered 08/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4011 label Biography information for Cathy Jamieson