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432912

registered interest
date	27/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Members: Correspondence
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when the Economic Secretary to the Treasury plans to respond to the letter from the hon. Member for Bishop Auckland dated 12 November 2015.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	18043
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>I have replied to the hon. Member.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:53:18 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1484 label Biography information for Helen Goodman

432630

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many times he has met (a) insurance companies and (b) personal injury law firms in the last five years.
tabling member constituency	Hammersmith
tabling member printed	Andy Slaughter
uin	18028
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>Treasury Ministers and officials meet with a wide range of companies and organisations to discuss relevant issues.</p><br /><p>As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such discussions.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:41:47 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1516 label Biography information for Andy Slaughter

432633

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what meetings he, his Ministers or officials have had since the 2015 General Election with (a) insurance companies, (b) claimant personal injury solicitors and (c) defendant personal injury solicitors; and who attended any such meeting.
tabling member constituency	Hammersmith
tabling member printed	Andy Slaughter
uin	17980
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>Treasury Ministers and officials meet with a wide range of companies and organisations to discuss relevant issues.</p><br /><p>As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such discussions.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:16:20 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1516 label Biography information for Andy Slaughter

432635

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Open Banking Working Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what consumer organisations have been involved in the work of the Open Banking Working Group; and when that group is expected to report.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	17887
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>A list of the Open Banking Working Group (OBWG) participants was published on 23 November, setting out the organisations which are directly involved in designing the detailed framework for the open Application Programming Interface (API) standard in UK banking by the end of the year. The OBWG will publish its final report on 30 December. More detail is available on the Open Data Institute’s website.</p><br /><p>A number of consumer organisations have participated in the development of the framework for the open API standard: the Money Advice Service is a direct member of the OBWG, and Citizens Advice and Which? have participated in discussions about its design.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:11:36 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4124 label Biography information for Chi Onwurah

432639

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Revenue and Customs: Preston
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many full time equivalent staff were employed at the tax credit office in Preston in each year from 2010 to 2015; and what estimate he has made of the size of the workforce at that office in (a) 2016, (b) 2017 and (c) 2018.
tabling member constituency	Preston
tabling member printed	Mr Mark Hendrick
uin	17816
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>The following table outlines the number of full time equivalent staff employed at the tax credit office in Preston at the start of each financial year<strong>.</strong></p><br /><table><tbody><tr><td><p>Financial year</p></td><td><p>Number of full time equivalent staff</p></td></tr><tr><td><p>April 2010</p></td><td><p>2010</p></td></tr><tr><td><p>April 2011</p></td><td><p>1957</p></td></tr><tr><td><p>April 2012</p></td><td><p>1998</p></td></tr><tr><td><p>April 2013</p></td><td><p>2033</p></td></tr><tr><td><p>April 2014</p></td><td><p>1870</p></td></tr><tr><td><p>April 2015</p></td><td><p>1787</p></td></tr></tbody></table><br /><p>The projected full time equivalent staffing levels in 2016, 2017 and 2018 are 2,050, 1,941 and 1,834 respectively.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 02/12/2015 17:43:01 answering member 1529 label Biography information for Mr David Gauke
tabling member	473 label Biography information for Sir Mark Hendrick

432640

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	UK Debt Management Office
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to improve the transparency and accountability to (a) Government and (b) Parliament of the UK Debt Management Office.
tabling member constituency	Clacton
tabling member printed	Mr Douglas Carswell
uin	17792
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>The UK Debt Management Office’s (DMO) key objectives are required to be met with due regard to the principles of ‘openness, transparency and predictability’, as set out in the annual Debt and Reserves Management Report. The DMO publishes and lays before Parliament its annual Business Plan and Annual Report and Accounts (and also publishes an Annual Review), providing information about its operations in line with these objectives. As an Executive Agency of the Treasury, the Chief Executive of the DMO is accountable to government and parliament, as set out in the DMO’s Executive Agency Framework Document.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:39:52 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1527 label Biography information for Mr Douglas Carswell

432642

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Aviation: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what amount of taxation was levied on air travel in each of the last five years per (a) passenger and (b) tonne of cargo carried.
tabling member constituency	Birmingham, Northfield
tabling member printed	Richard Burden
uin	17787
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>The information is not held in the form requested. However, information relating to total passengers and APD paid over the last five years are published in the Air Passenger Duty Tax and Duty bulletin at the following address: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 02/12/2015 16:20:12 answering member 3969 label Biography information for Damian Hinds
tabling member	301 label Biography information for Richard Burden

432644

registered interest
date	26/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Treasury: Research
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much of his Department's funding allocated in the Spending Review 2015 will be for research and development expenditure up to 2020.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Nicola Blackwood
uin	17776
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>Spending Review 2015 set out settlements for departments and showed how the government will deliver on its priorities, eliminate the deficit, and deliver security and opportunity for working people.</p><br /><p>Final decisions on internal departmental funding allocations for future years, including for research and development, have not yet been made.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 16:04:45 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4019 label Biography information for Baroness Blackwood of North Oxford

432185

registered interest
date	25/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Treasury: Ministerial Policy Advisers
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, who the special advisers to his Department are; what the salary is of each of those advisers; and which of those advisers are on the Council of Economic Advisers.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	17648
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>Information on Special Adviser numbers and remuneration across Government departments will be published in due course.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 16:13:41 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1484 label Biography information for Helen Goodman

432189

registered interest
date	25/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Databases
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for how long the Financial Conduct Authority requires banks to retain data records relating to financial services.
tabling member constituency	Enfield North
tabling member printed	Joan Ryan
uin	17593
answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>The Market Abuse Regulation (MAR) repeals the existing Market Abuse Directive with effect from 3 July 2016 and will have direct application in the UK. It is therefore necessary to make relevant changes to the UK’s existing domestic regime, which is set out primarily in the Financial Services and Markets Act 2000 and the Financial Conduct Authority (FCA) Handbook, to ensure that national law complies with MAR. The necessary changes are currently being considered by HM Treasury and the FCA.</p><br /><p>In relation to record-keeping requirements, FCA rules require investment firms and credit institutionsto maintain orderlyrecords of theirbusiness, including all services and transactions undertaken by them. These mustbe sufficient to enable the FCAto monitor the firm's compliance with its regulatory requirements and retained for a period of at least five years. Therules alsoincludespecific requirements for firmstorecordtelephone<strong>conversations</strong>and electronic communications regarding client orders and dealing on own account. These must be retained for a period of at least six months.</p><br /><p>The FCA supervises firms against therules, including on record keeping, as part of theirongoing supervisory work. The Financial Services and Markets Act 2000 permitsthe FCA to impose appropriate fines, which are not limited, for the contravention on a requirement imposed on them under the Act. The FCA are required to publisha policy statement setting outhow they determinethe appropriate level of financial penalty. This can be foundhere:<a href="https://www.handbook.fca.org.uk/handbook/DEPP/6/1.html?date=2015-10-27" target="_blank">https://www.handbook.fca.org.uk/handbook/DEPP/6/1.html?date=2015-10-27</a>.</p><br /><p>The EU Markets in Financial Instruments Directive (MiFID) introduced a harmonised framework for investor protection in the EU. The Government has supported a revised directive,MiFID II, which will replace itfrom 2017. MiFID IIintroducesmore detailed EU requirements on record keeping and an EU wide taping regime, aimed at strengthening investor protection and enhancing market integrity. This will also extend the period telephone conversations and electronic communications must be retained for to at least five years.​</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 17146 17148 17149 17172 17174 question first answered 02/12/2015 17:37:17 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	166 label Biography information for Joan Ryan