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1241231

registered interest
date	07/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Building Societies: Shares
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 level of risk involved for purchasers in the sale of redeemable shares by building societies; and if he will make a statement.
tabling member constituency	Harrow West
tabling member printed	Gareth Thomas
uin	100280
answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>HM Treasury has not made any specific assessment of the level of risk involved for purchasers in the sale of redeemable shares by building societies. When making an investment decision, consumers should make sure they are aware of the risks and seek advice where appropriate.</p><p> </p><p>The Government wants to make sure we have a strong and safe financial system which is why HM Treasury continues to work with the Financial Conduct Authority to protect consumers, including by ensuring that they have the necessary information to weigh up the risks and rewards of any decision they make.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:45:16 answering member 4051 label Biography information for John Glen
tabling member	177 label Biography information for Gareth Thomas

1241431

registered interest
date	07/10/2020
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, what his Department's policy is on the right of customers to pay in cash.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	100286
answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>The Government recognises that cash remains important to millions of people across the UK, which is why it has committed to legislate to protect access to cash and to ensure that the UK’s cash infrastructure is sustainable long term.</p><p>The Government remains closely engaged with the financial regulators, including through the Treasury-chaired Joint Authorities Cash Strategy Group, to monitor and assess risks around cash relating to COVID-19. In order to help control the virus, all businesses and individuals are encouraged to follow the latest Government advice. To work safely during COVID-19, retailers have been recommended to minimise contact around transactions, for example, considering using contactless payments. However, it remains the individual retailer’s choice as to whether to accept or decline any form of payment, including cash or card.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:40:14 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar

1241432

registered interest
date	07/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to respond to the Financial Conduct Authority's report, General insurance pricing practices: Final report, published in September 2020.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	100287
answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>Consumers should be able to get a fair deal when purchasing insurance. The FCA has set out proposals to deliver this in its report on General Insurance Pricing Practices. We are engaging with the regulator and the sector on next steps and will be interested in the outcome of the FCA’s consultation due in early 2021.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:37:57 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar