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1020339

registered interest
date	05/12/2018
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 assessment he has made of the likelihood of recouping the cost to the public purse of the bailout of the Royal Bank of Scotland by planned sale of shares by 2023-24.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	199257
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>At Budget 2018 Government announced an intention to undertake a full disposal of its Royal Bank of Scotland shareholding by 2023-24.</p><p>In its Economic and Fiscal Outlook (<a href="https://cdn.obr.uk/EFO_October-2018.pdf" target="_blank">https://cdn.obr.uk/EFO_October-2018.pdf</a>), the independent Office for Budget Responsibility (OBR) forecast the total value of expected proceeds from sales of the RBS shareholding (paragraph 4.208). The OBR also estimate the gross and net cash flows of the financial sector interventions (table 4.44), noting that ‘the economic and fiscal costs of the [financial] crisis would almost certainly have been greater in the absence of these direct interventions to restore the financial system to stability’.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 199258 question first answered 10/12/2018 15:19:41 answering member 4051 label Biography information for John Glen
tabling member	2 label Biography information for Kelvin Hopkins

1020344

registered interest
date	05/12/2018
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 estimate he has made of the expected contribution to the public purse of the proposed sale of the Government's stake in RBS.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	199258
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>At Budget 2018 Government announced an intention to undertake a full disposal of its Royal Bank of Scotland shareholding by 2023-24.</p><p>In its Economic and Fiscal Outlook (<a href="https://cdn.obr.uk/EFO_October-2018.pdf" target="_blank">https://cdn.obr.uk/EFO_October-2018.pdf</a>), the independent Office for Budget Responsibility (OBR) forecast the total value of expected proceeds from sales of the RBS shareholding (paragraph 4.208). The OBR also estimate the gross and net cash flows of the financial sector interventions (table 4.44), noting that ‘the economic and fiscal costs of the [financial] crisis would almost certainly have been greater in the absence of these direct interventions to restore the financial system to stability’.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 199257 question first answered 10/12/2018 15:19:41 answering member 4051 label Biography information for John Glen
tabling member	2 label Biography information for Kelvin Hopkins

1020370

registered interest
date	05/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Trusts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if the Government will commit to the full disclosure of the beneficiaries of offshore trusts.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	199259
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>Overseas trusts that incur a UK tax consequence are already required to register full details of their beneficial ownership with HMRC, ensuring law enforcement can access this information.</p><p> </p><p>The Fifth EU Anti-Money Laundering Directive (5AMLD) requires an expansion of the scope of the UK’s register from ‘trusts with a tax consequence’ to all UK express trusts and non-EU trusts which acquire UK real estate or have a business relationship with a UK regulated entity. Access to this register will also be extended to firms regulated for anti-money laundering purposes, and those persons with a ‘legitimate interest’ in the information. The Government will consult on the transposition of this change in due course. 5AMLD has a transposition deadline during January 2020. This falls within the implementation period, and so the UK will transpose this Directive.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:20:52 answering member 4051 label Biography information for John Glen
tabling member	2 label Biography information for Kelvin Hopkins

1019812

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debt Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what guidelines his Department issues on appropriate working practices for the debt collection industry.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	198727
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>Financial Conduct Authority (FCA) regulation of debt collection agencies (DCAs) provides strong protections for consumers.</p><p> </p><p>In particular, DCAs under FCA regulation have to comply with the FCA’s high-level principle to treat customers fairly, offer appropriate forbearance, and signpost individuals to free, impartial debt advice should a consumer be in default, or in arrears difficulty.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:11:06 answering member 4051 label Biography information for John Glen
tabling member	308 label Biography information for Mr Jim Cunningham

1019874

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Prudential Regulation Authority: Staff
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many FTE staff were employed by the Prudential Regulation Authority in each of the last five years.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	198872
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>The below figures for FTE staff employed by the Prudential Regulation Authority are published in the Bank of England’s Annual Reports and Accounts (BoE ARA) over the last five years.</p><p> </p><ul><li><p>2018: 1399 [Source: p138 of the BoE ARA 2017-18]</p></li><li><p>2017: 1327 [Source: p99 of the BoE ARA 2016-17]</p></li><li><p>2016: 1242 [Source: p100 of the BoE ARA 2016]</p></li><li><p>2015: 1139 [Source: p112 of the BoE ARA 2015]</p></li><li><p>2014: 953 [Source: p85 of the BoE ARA 2014}</p></li></ul><p> </p><p>Prior to PRA de-subsidiarisation, slightly different numbers were presented in the PRA’s Annual Report and Accounts (due to the way contingent workers are defined), but the above are the most representative numbers with like-for-like comparisons year-on-year.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:17:23 answering member 4051 label Biography information for John Glen
tabling member	4430 label Biography information for Alison Thewliss

1019929

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when his Department plans to publish its response to the call for evidence on cash and digital payments in the new economy that closed on 5 June 2018.
tabling member constituency	Rutherglen and Hamilton West
tabling member printed	Ged Killen
uin	198928
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>The Call for Evidence produced a wide range of evidence, which requires thoughtful consideration.</p><p> </p><p>We have recently announced that the denominational mix of notes and coins would not change. Response to other matters will be made in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:13:22 answering member 4051 label Biography information for John Glen
tabling member	4672 label Biography information for Ged Killen

1020180

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Advisory Services
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 adequacy of the funding allocated by his Department for local authority-commissioned specialist debt advice services.
tabling member constituency	Liverpool, Wavertree
tabling member printed	Luciana Berger
uin	908101
answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>The Government does not directly fund the provision of specialist debt advice by local authorities.</p><p>Instead, the Government funds the Money Advice Service (MAS) to deliver publicly-funded debt advice, using a levy on the financial services industry.</p><p>Following Peter Wyman’s independent review of the funding of debt advice published in January 2018, the Government agreed to increase debt advice funding to MAS to over £56 million this year, enough to provide help to over 530,000 people.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:08:41 answering member 4051 label Biography information for John Glen
tabling member	4036 label Biography information for Luciana Berger