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1241826

registered interest
date	08/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish a timetable for bringing forward legislative proposals to protect people's access to cash.
tabling member constituency	Dumfriesshire, Clydesdale and Tweeddale
tabling member printed	David Mundell
uin	100901
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 in the long term. Government is working at pace, engaging with industry and the regulators – the Financial Conduct Authority, Payment Systems Regulator, and Bank of England – whilst designing legislation. To inform the development of this legislation, today (15 October) the Government published a Call for Evidence seeking views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system.</p><p> </p><p> </p><p>The Government also 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 grouped question UIN 100902 100903 question first answered 15/10/2020 10:42:19 answering member 4051 label Biography information for John Glen
tabling member	1512 label Biography information for David Mundell

1241827

registered interest
date	08/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what information the Government holds on the number of retailers no longer accepting cash due to the covid-19 outbreak; and what steps his Department is taking to ensure that people can continue to use cash to pay for goods and services for as long as is needed.
tabling member constituency	Dumfriesshire, Clydesdale and Tweeddale
tabling member printed	David Mundell
uin	100902
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 in the long term. Government is working at pace, engaging with industry and the regulators – the Financial Conduct Authority, Payment Systems Regulator, and Bank of England – whilst designing legislation. To inform the development of this legislation, today (15 October) the Government published a Call for Evidence seeking views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system.</p><p> </p><p> </p><p>The Government also 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 grouped question UIN 100901 100903 question first answered 15/10/2020 10:42:19 answering member 4051 label Biography information for John Glen
tabling member	1512 label Biography information for David Mundell

1241828

registered interest
date	08/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether cash is a safe payment method to use and should continue to be accepted by retailers during the covid-19 outbreak.
tabling member constituency	Dumfriesshire, Clydesdale and Tweeddale
tabling member printed	David Mundell
uin	100903
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 in the long term. Government is working at pace, engaging with industry and the regulators – the Financial Conduct Authority, Payment Systems Regulator, and Bank of England – whilst designing legislation. To inform the development of this legislation, today (15 October) the Government published a Call for Evidence seeking views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system.</p><p> </p><p> </p><p>The Government also 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 grouped question UIN 100901 100902 question first answered 15/10/2020 10:42:19 answering member 4051 label Biography information for John Glen
tabling member	1512 label Biography information for David Mundell

1241829

registered interest
date	08/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to work with international partners to extend the Debt Service Suspension Initiative beyond the end of 2020; and what plans he has to promote the inclusion of (a) private lenders and (b) multilateral institutions in that agreement.
tabling member constituency	Dundee West
tabling member printed	Chris Law
uin	101031
answer	answer is ministerial correction date of answer 13/10/2020 answer text <p>To date, the Debt Service Suspension Initiative (DSSI) has supported 43 countries which have requested suspensions by freeing up $5 billion to fund their COVID-19 responses. Given the depth of liquidity needs in these countries, the Chancellor supports an extension of the DSSI into 2021 and is working with his G20 counterparts to secure agreement on the extension.</p><p>The G20 agreed private sector DSSI participation should be voluntary and at borrowers’ discretion. The Chancellor continues to support this approach, which helps protect these countries’ hard-won market access which will be essential for financing COVID recovery. Where borrowers do make requests, private creditors should implement the DSSI. Where sovereign debt reductions are necessary, it will be important for there to be fair and timely burden sharing between all creditor types, including commercial creditors.</p><p>The G20 has supported the Multilateral Development Banks taking a “net positive flows” approach to complement the DSSI, ensuring that borrowing countries receive significantly more funds from the MDBs in 2020 than they repay. For the poorest countries, much of this funding will be on grant terms. This helps ensure the financial model of the MDBs remains sustainable, while allowing donors to target resources to support the most vulnerable countries.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/10/2020 11:25:13 answering member 4051 label Biography information for John Glen
tabling member	4403 label Biography information for Chris Law

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

1240740

registered interest
date	06/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance: Coronavirus
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 potential merits of introducing a Government-backed covid-19 insurance scheme for the events industry.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	99722
answer	answer is ministerial correction date of answer 13/10/2020 answer text <p>The Government is in continual dialogue with the insurance sector on its response to this unprecedented situation. We are working closely with the insurers, the trade bodies and regulators to understand what more the industry can do to help individuals and businesses in time of need, and how the insurance market delivers the support firms need as the economy reopens.</p><p> </p><p>The Government is exploring all options to ensure businesses can build resilience following the outbreak of COVID-19. We encourage businesses encountering financial difficulty as a result of this unprecedented situation to review the initiatives in the Government’s support package, such as Coronavirus Business Interruption Loan Scheme, for which the application window has been extended to 30 November, and businesses rates holidays. We have taken steps to make our schemes deliverable, fair and targeted at those who need it the most. We continue to keep the Government support package under close review.</p><p>Any potential further insurance interventions will be assessed on a case by case basis; officials continue to gather and monitor information on how event providers are being affected by the current crisis and the availability of cover.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/10/2020 11:32:02 answering member 4051 label Biography information for John Glen
tabling member	4653 label Biography information for Stephen Morgan

1240805

registered interest
date	06/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Retail Trade: Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of cashless shops on (a) people on low incomes, (b) vulnerable people and (c) disadvantaged communities.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	99638
answer	answer is ministerial correction date of answer 13/10/2020 answer text <p>The Government recognises that cash remains important to millions of people across the UK, which is why the government is committed to legislating to protect access to cash.</p><p> </p><p>The government is working closely with regulators on issues related to cash, including through the Treasury-chaired Joint Authorities Cash Strategy Group (JACS). As part of the work of the JACS group, the Financial Conduct Authority and the Payment Systems Regulator are conducting research into cash acceptance, including the factors affecting the decisions by small and medium enterprises to accept cash, and the Bank of England is tracking acceptance through consumer surveys. The Payment Systems regulator has previously commissioned market research which included information on acceptance of cash by small businesses and cash use across different demographic groups. The government and regulators will use this research to help ensure that the UK’s cash infrastructure remains sustainable and supports the needs of cash users.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/10/2020 11:29:17 answering member 4051 label Biography information for John Glen
tabling member	4378 label Biography information for Colleen Fletcher

1240848

registered interest
date	06/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks and Post Offices: Closures
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what representations he has received from residents in (a) Wick and (b) other towns in cases where a bank branch has been proposed for closure at the same time as the proposed closure of the last post office in that area; and if he will make a statement.
tabling member constituency	Caithness, Sutherland and Easter Ross
tabling member printed	Jamie Stone
uin	99709
answer	answer is ministerial correction date of answer 12/10/2020 answer text <p>Though I understand the disappointment felt in a community when a bank branch closes, these are ultimately commercial decisions in which the government does not seek to intervene.</p><p> </p><p>We know that the retail financial landscape is changing, as more consumers and businesses opt for the convenience, security, and speed of digital payments and digital banking. Banking service providers need to balance customer interests, market competition, and other commercial factors when considering their strategy.</p><p> </p><p>However, the government also firmly believes that the impact of branch closures should be understood, considered, and mitigated where possible so that all customers, wherever they live, continue to have access to over-the-counter banking services if they wish to use them. That is why the government supports the industry’s Access to Banking Standard which helps customers to understand the options they have locally to continue to access banking services, including specialist assistance for customers who need more help.</p><p> </p><p>Alternative options include the Post Office, which allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK. Over 90% of the national population live within one mile of their nearest post office branch, and over 99% within three miles. Almost 99% of the rural population also lives within 3 miles of their nearest post office branch. While there is no programme of post office closures, some unexpected closures can occur, often for reasons beyond the control of the Post Office. When this happens, the Post Office works hard to find alternative service providers so that services can be restored.</p><p> </p><p>In September 2020, the FCA published guidance setting out their expectation of firms when they are deciding whether and how to reduce their physical branches or the number of free to use ATMs. Firms are expected to carefully consider the impact of a planned closure on their customers’ everyday banking and cash access needs, and other relevant branch services and consider possible alternative access arrangements. This will ensure the implementation of closure decisions is done in a way that treats customers fairly.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/10/2020 10:57:52 answering member 4051 label Biography information for John Glen
tabling member	4612 label Biography information for Jamie Stone

1240091

registered interest
date	05/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Savings: Repayments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that National Savings and Investments process repayments for investors as speedily as possible.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	99037
answer	answer is ministerial correction date of answer 13/10/2020 answer text <p>The time it takes for NS&amp;I to process repayments for customers depends on which NS&amp;I account(s) a customer has, how much the customer wants to withdraw and how the customer gives NS&amp;I their withdrawal instruction.</p><p> </p><p>The quickest way for customers to withdraw their money is online. Customers can also give their withdrawal instructions over the phone. Withdrawals by post will take longer and timescales will depend on customers’ chosen method of post.</p><p> </p><p>NS&amp;I provides a payment timeline calculator on its website for online and phone repayments to enable customers to find out when they will receive their payment. The calculator is designed to tell customers when they would receive a single withdrawal from one account, if they withdraw online or by phone.</p><p>From 29 September 2020, NS&amp;I became aware that a small number of customers using its online services were having difficulty when trying to withdraw money from their accounts. This was due to a technical issue which was resolved on 6 October 2020 and NS&amp;I apologies for the inconvenience caused to customers. During the period when the technical issue was ongoing, customers could still withdraw money from their accounts by phoning the NS&amp;I customer service team.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 13/10/2020 11:22:19 answering member 4051 label Biography information for John Glen
tabling member	4471 label Biography information for Rachael Maskell