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1713155

registered interest
date	23/04/2024
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	UK Research and Innovation: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Science, Innovation and Technology, how much funding her Department plans to provide to UK Research and Innovation in the next three financial years.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	23159
answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>I refer the Hon. Member to the answer provided to Question UIN 22712 on Monday 29th April.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 01/05/2024 08:00:13 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1702385

registered interest
date	19/04/2024
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	UK Research and Innovation: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Science, Innovation and Technology, how much funding her Department plans to provide to UK Research and Innovation in the next three financial years.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	22712
answer	answer is ministerial correction date of answer 29/04/2024 answer text <p>DSIT is responsible for the majority of the Government’s spending on R&amp;D, including UK Research and Innovation’s (UKRI) budget of £25.1 billion across the current Spending Review (FY2022/23 – 2024/25). This includes an allocation of over £8.8 billion in financial year 2024/25.</p><p> </p><p>As outlined by the Chancellor at Spring Budget 2024, the next Spending Review to set future financial year budgets will be held after the General Election.</p><p> </p><p>DSIT has budgets and plans in place until at least April 2025. Government will agree departmental budgets for financial years following this as part of the usual budget setting process.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 29/04/2024 08:34:30 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1700807

registered interest
date	15/04/2024
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	UK Research and Innovation: Publications
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Science, Innovation and Technology, whether her Department has made a recent assessment of the effectiveness of funding provided by UK Research and Investment for research papers.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21593
answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>UKRI is the national funding agency that invests in and facilitates research and innovation activities across the United Kingdom. Research papers are a key means of communicating the results of research and innovation activities contributing to the body of knowledge across different research areas.</p><p> </p><p>Every £1 of public R&amp;D funding leverages around £2 of additional private sector investment. The UK is a leader in science and research. With less than one per cent of the world’s population, the UK accounts for 6.3% of the world’s academic publications, and 13.4% of the most highly cited research publications.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 23/04/2024 11:01:58 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1700808

registered interest
date	15/04/2024
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	UK Research and Innovation: Publications
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Science, Innovation and Technology, if she will take steps to ensure that research papers funded through UK Research and Innovation are politically neutral.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21594
answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>Decisions on research papers funded by UKRI are made through independent evaluation by experts who are required to be politically neutral in their decision making.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 23/04/2024 11:19:51 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1659516

registered interest
date	11/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Closures
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he is taking steps to tackle the potential impact of high street bank branch closures on vulnerable individuals who rely on cash.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	198670
answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The government believes that all customers, wherever they live, should have appropriate access to banking and cash services.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities across the UK, including free withdrawal and deposit facilities in relation to personal current accounts.</p><p> </p><p>Decisions on opening and closing branches are a commercial issue, and the government does not intervene in these. However, under FCA guidance, firms are expected to carefully consider the impact of planned branch closures on the everyday banking and cash access needs of their customers and consider possible alternative access arrangements. This seeks to ensure that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p> </p><p>Alternative options for access to banking can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 18/09/2023 15:47:57 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1655897

registered interest
date	01/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department plans to take steps to require businesses to accept cash payments.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	195774
answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The government has no plans to add to regulatory burdens on business by mandating cash acceptance. As technology and consumer behaviour changes, it should remain the choice of individual organisations as to whether to accept or decline any form of payment, including cash or card.</p><p> </p><p>Nonetheless, the government recognises that, to support people’s ability to continue to transact using cash, businesses need reasonable access to cash deposit facilities to support them to keep accepting cash.</p><p> </p><p>The government therefore legislated through the Financial Services and Markets Act 2023 to establish the Financial Conduct Authority as the lead regulator for access to cash and provide it with responsibility and powers to seek to ensure reasonable provision of both cash withdrawal and cash deposit facilities.</p><p> </p><p>The government considers that this legislation will support organisations, including local businesses, to continue accepting cash by ensuring that they have reasonable access to cash deposit facilities.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:19:36 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1656356

registered interest
date	01/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Iceland: Banks
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will consider the potential merits of the Government issuing an apology to the Icelandic people for using section 4 of the Anti-terrorism, Crime and Security Act 2001 to seize Icelandic bank assets between 2008 and 2011.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	195926
answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The Anti-terrorism, Crime and Security Act 2001 contains a broad range of provisions, and the Government has been clear that the Landsbanki Freezing Order 2008 was not made on the basis of the anti-terrorism provisions within the Act.</p><p> </p><p>The decision to protect UK depositors in Icelandic banks was made after extensive conversations with the Icelandic Government who, at the time, were unable to provide assurances regarding the position of UK creditors following Landsbanki being placed into receivership in October 2008. This presented a serious risk that the rights of UK creditors would be prejudiced compared with those of others, which would have had an extremely detrimental impact on the UK economy at a time of unprecedent disturbances in the financial sector.</p><p> </p><p>The Government believes that it was right to take urgent action to protect financial stability within the United Kingdom.</p><p> </p><p>HM Treasury subsequently revoked the freezing orders on Landsbanki on 15 June 2009, without the normal notification period, as commitments made by the Icelandic Government in respect of depositors removed the threats to UK economic interests that had caused HMT to make the original Orders.</p><p> </p><p>The UK greatly values its historic relationship with Iceland, with diplomatic relations stretching back over 80 years, and the Government will continue to ensure our bilateral and regional cooperation remains strong.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:17:46 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1654638

registered interest
date	20/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Premium Bonds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has considered the potential merits of increasing the premium bond investment ceiling.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	195346
answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The Government keeps the Premium Bond investment limit under review, to ensure that the limit continues to reflect the interests of savers, taxpayers, and the wider financial sector.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:39:15 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1654639

registered interest
date	20/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Interest Rates
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 help support homeowners who are unable to make mortgage payments following increases in interest rates in the last 12 months.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	195347
answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers.</p><p> </p><p>On Friday 23 June the Chancellor met with the UK’s largest mortgage lenders, UK Finance and the Financial Conduct Authority to discuss how lenders will provide support for those who encounter problems keeping up with their mortgage payments. At this meeting, lenders agreed to a new Mortgage Charter to support borrowers struggling with their mortgage payments that was published on 26 June. The Charter sets out the standards signatory lenders will adopt when helping their customers, including new flexibilities to help customers manage their mortgage payments over a short period.</p><p> </p><p>The Charter is in addition to the significant safeguards already in place for consumers in the mortgage market. Financial Conduct Authority rules require lenders to engage individually with their customers who are struggling or who are worried about their payments in order to provide tailored support. The Government has also taken measures aimed at helping people to avoid repossession, including Support for Mortgage Interest (SMI) loans, and protection in the courts through the Pre-Action Protocol.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:37:45 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1649319

registered interest
date	30/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme and Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to take steps to review the (a) Lifetime ISA and (b) help-to-buy property price thresholds.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	191895
answer	answer is ministerial correction date of answer 05/07/2023 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK except for Inner London, where the average price paid is affected by Boroughs with very high property values.</p><p> </p><p>The Government keeps all aspects of the savings tax regime under review.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/07/2023 13:07:51 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell