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1122396

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings: Older People
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 enable older people to (a) build and (b) maintain an adequate level of savings.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Paul Farrelly
uin	246476
answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save.</p><p> </p><p>Older people will continue to benefit from a number of measures the Government has introduced in recent years.</p><p> </p><p>The Government has increased the amount that individuals, including older people and those of State Pension age, can earn or receive in savings interest before paying income tax to £12,500 per year. As a result, people can keep more of their income to invest as they choose.</p><p> </p><p>The amount of money that people can save into their ISAs each year (the annual subscription allowance) has been increased to a record £20,000.</p><p> </p><p>Since April 2016, individuals have also been able to benefit from a new Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.</p><p> </p><p>As a result of these measures, over 95% of people with savings income pay no tax on that income.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/04/2019 16:13:50 answering member 4051 label Biography information for John Glen
tabling member	1436 label Biography information for Paul Farrelly

1122436

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Children: Day Care
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will undertake a review of the level at which the earnings threshold cap has been set for the eligibility for tax-free childcare.
tabling member constituency	Ribble Valley
tabling member printed	Mr Nigel Evans
uin	246449
answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>Tax-Free Childcare is limited to families where parents earn under £100,000 per year. The £100,000 per parent cap on Tax-Free Childcare ensures that support is targeted at the working families who require the most support in order to return to work or work more.</p><p> </p><p>The £100,000 limit was announced at Autumn Statement 2015 and legislated for in 2016 because it is simple for parents to understand their eligibility, and because it aligns to an existing boundary in the tax system. The government published its final impact assessment of the introduction of Tax-Free Childcare, including the setting of an upper income limit at £100,000 per parent, in March 2017 (<a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/652939/Tax-free_childcare_Impact_Assessment-March_2017.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/652939/Tax-free_childcare_Impact_Assessment-March_2017.pdf</a>).</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 245642 245643 245644 question first answered 30/04/2019 11:13:42 answering member 4097 label Biography information for Elizabeth Truss
tabling member	474 label Biography information for Mr Nigel Evans

1122448

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 April 2019 to Question 240486 on London Capital and Finance, when he plans to publish the terms of the investigation; and if he will make a statement.
tabling member constituency	Bridgend
tabling member printed	Mrs Madeleine Moon
uin	246489
answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>Further details of this investigation, including its terms, will be communicated in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/04/2019 16:10:36 answering member 4051 label Biography information for John Glen
tabling member	1490 label Biography information for Mrs Madeleine Moon

1122449

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of establishing a compensation fund for investors who lost funds as a result of the collapse of London Capital and Finance; and if he will make a statement.
tabling member constituency	Bridgend
tabling member printed	Mrs Madeleine Moon
uin	246490
answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>The administrators for London Capital &amp; Finance (LCF) are currently estimating recoveries for investors affected by LCF’s failure.</p><p> </p><p>LCF’s investors are unlikely to have access to the Financial Services Compensation Scheme (FSCS). However, this would be for the FSCS to determine as an independent body from both HM Treasury and the Financial Conduct Authority.</p><p> </p><p>The FSCS is working closely with the administrators to understand more about LCF’s activities. If there are circumstances that give rise to potentially valid claims, the FSCS will begin to accept claims against LCF and communicate this on their website.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/04/2019 16:32:18 answering member 4051 label Biography information for John Glen
tabling member	1490 label Biography information for Mrs Madeleine Moon

1122483

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his Department’s Infrastructure Finance Review, what recent progress has been made in establishing the UK’s future relationship with the European Investment Bank Group after the UK has left the EU.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246517
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>The EIB has lent to a range of sectors in the UK, including infrastructure projects and UK businesses. As you may know, the UK will cease to be a member of the EIB Group (consisting of the EIB and EIF) on exit day, as membership is only available to EU member states. Under the terms of the EU Withdrawal Agreement, the UK has secured the return of its €3.5bn capital in the European Investment Bank (EIB) through twelve annual instalments. We have reached a fair settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK tax payers.</p><p> </p><p>Alongside the terms of exit set out in the withdrawal agreement, the Political Declaration, which sets out the framework for the future relationship between the EU and the UK, states that both parties note the UK's intention to explore options for a future relationship with the EIB Group. As we leave the EU, we continue to consider options for our future relationship and discussions on this will form part of the wider negotiations on the future EU-UK relationship.</p><p> </p><p>However, while Government wishes to explore a future relationship with the EIB Group, we recognise the need to be prepared for a range of scenarios. The Government already has a range of existing tools to support infrastructure finance, including the UK Guarantees Scheme and funds that support the development of new technologies including the Digital Infrastructure Investment Fund and Charging Infrastructure Investment Fund. The Infrastructure Finance Review, launched at the Spring Statement, explores future challenges in infrastructure finance, including new technologies, and seeks views on the Government’s existing tools. The review will conclude alongside the National Infrastructure Strategy at the Spending Review later this year. The Government also provides support for business and emerging technologies Research and Development (R&amp;D) through a wide range of measures, including the largest increase in direct public R&amp;D spending in 40 years, R&amp;D tax reliefs, and the £2.5bn British Patient Capital programme, enabling long-term investment in innovative companies.</p><p> </p><p>Government support announced following the Patient Capital Review means that the British Business Bank has the capacity to make venture capital commitments this financial year that would exceed the combined average annual commitments from the European Investment Fund and British Business Bank in the years preceding the UK’s vote to leave the EU. In April, the government made an additional £200m support for venture capital and growth finance available through the British Business Bank to support the financing of smaller businesses.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 246518 246519 246520 246521 question first answered 29/04/2019 16:13:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	4125 label Biography information for Catherine McKinnell

1122484

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will list any meetings he and his officials have had to discuss the UK’s future relationship with the European Investment Bank Group after the UK has left the EU.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246518
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>The EIB has lent to a range of sectors in the UK, including infrastructure projects and UK businesses. As you may know, the UK will cease to be a member of the EIB Group (consisting of the EIB and EIF) on exit day, as membership is only available to EU member states. Under the terms of the EU Withdrawal Agreement, the UK has secured the return of its €3.5bn capital in the European Investment Bank (EIB) through twelve annual instalments. We have reached a fair settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK tax payers.</p><p> </p><p>Alongside the terms of exit set out in the withdrawal agreement, the Political Declaration, which sets out the framework for the future relationship between the EU and the UK, states that both parties note the UK's intention to explore options for a future relationship with the EIB Group. As we leave the EU, we continue to consider options for our future relationship and discussions on this will form part of the wider negotiations on the future EU-UK relationship.</p><p> </p><p>However, while Government wishes to explore a future relationship with the EIB Group, we recognise the need to be prepared for a range of scenarios. The Government already has a range of existing tools to support infrastructure finance, including the UK Guarantees Scheme and funds that support the development of new technologies including the Digital Infrastructure Investment Fund and Charging Infrastructure Investment Fund. The Infrastructure Finance Review, launched at the Spring Statement, explores future challenges in infrastructure finance, including new technologies, and seeks views on the Government’s existing tools. The review will conclude alongside the National Infrastructure Strategy at the Spending Review later this year. The Government also provides support for business and emerging technologies Research and Development (R&amp;D) through a wide range of measures, including the largest increase in direct public R&amp;D spending in 40 years, R&amp;D tax reliefs, and the £2.5bn British Patient Capital programme, enabling long-term investment in innovative companies.</p><p> </p><p>Government support announced following the Patient Capital Review means that the British Business Bank has the capacity to make venture capital commitments this financial year that would exceed the combined average annual commitments from the European Investment Fund and British Business Bank in the years preceding the UK’s vote to leave the EU. In April, the government made an additional £200m support for venture capital and growth finance available through the British Business Bank to support the financing of smaller businesses.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 246517 246519 246520 246521 question first answered 29/04/2019 16:13:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	4125 label Biography information for Catherine McKinnell

1122485

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what sectors of the economy are most exposed to the loss of European Investment Bank funding.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246519
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>The EIB has lent to a range of sectors in the UK, including infrastructure projects and UK businesses. As you may know, the UK will cease to be a member of the EIB Group (consisting of the EIB and EIF) on exit day, as membership is only available to EU member states. Under the terms of the EU Withdrawal Agreement, the UK has secured the return of its €3.5bn capital in the European Investment Bank (EIB) through twelve annual instalments. We have reached a fair settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK tax payers.</p><p> </p><p>Alongside the terms of exit set out in the withdrawal agreement, the Political Declaration, which sets out the framework for the future relationship between the EU and the UK, states that both parties note the UK's intention to explore options for a future relationship with the EIB Group. As we leave the EU, we continue to consider options for our future relationship and discussions on this will form part of the wider negotiations on the future EU-UK relationship.</p><p> </p><p>However, while Government wishes to explore a future relationship with the EIB Group, we recognise the need to be prepared for a range of scenarios. The Government already has a range of existing tools to support infrastructure finance, including the UK Guarantees Scheme and funds that support the development of new technologies including the Digital Infrastructure Investment Fund and Charging Infrastructure Investment Fund. The Infrastructure Finance Review, launched at the Spring Statement, explores future challenges in infrastructure finance, including new technologies, and seeks views on the Government’s existing tools. The review will conclude alongside the National Infrastructure Strategy at the Spending Review later this year. The Government also provides support for business and emerging technologies Research and Development (R&amp;D) through a wide range of measures, including the largest increase in direct public R&amp;D spending in 40 years, R&amp;D tax reliefs, and the £2.5bn British Patient Capital programme, enabling long-term investment in innovative companies.</p><p> </p><p>Government support announced following the Patient Capital Review means that the British Business Bank has the capacity to make venture capital commitments this financial year that would exceed the combined average annual commitments from the European Investment Fund and British Business Bank in the years preceding the UK’s vote to leave the EU. In April, the government made an additional £200m support for venture capital and growth finance available through the British Business Bank to support the financing of smaller businesses.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 246517 246518 246520 246521 question first answered 29/04/2019 16:13:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	4125 label Biography information for Catherine McKinnell

1122486

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Investment Bank
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 effect of the loss of European Investment Bank funding on (a) emerging technologies and (b) industries which rely heavily on long-term research and development funding.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246520
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>The EIB has lent to a range of sectors in the UK, including infrastructure projects and UK businesses. As you may know, the UK will cease to be a member of the EIB Group (consisting of the EIB and EIF) on exit day, as membership is only available to EU member states. Under the terms of the EU Withdrawal Agreement, the UK has secured the return of its €3.5bn capital in the European Investment Bank (EIB) through twelve annual instalments. We have reached a fair settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK tax payers.</p><p> </p><p>Alongside the terms of exit set out in the withdrawal agreement, the Political Declaration, which sets out the framework for the future relationship between the EU and the UK, states that both parties note the UK's intention to explore options for a future relationship with the EIB Group. As we leave the EU, we continue to consider options for our future relationship and discussions on this will form part of the wider negotiations on the future EU-UK relationship.</p><p> </p><p>However, while Government wishes to explore a future relationship with the EIB Group, we recognise the need to be prepared for a range of scenarios. The Government already has a range of existing tools to support infrastructure finance, including the UK Guarantees Scheme and funds that support the development of new technologies including the Digital Infrastructure Investment Fund and Charging Infrastructure Investment Fund. The Infrastructure Finance Review, launched at the Spring Statement, explores future challenges in infrastructure finance, including new technologies, and seeks views on the Government’s existing tools. The review will conclude alongside the National Infrastructure Strategy at the Spending Review later this year. The Government also provides support for business and emerging technologies Research and Development (R&amp;D) through a wide range of measures, including the largest increase in direct public R&amp;D spending in 40 years, R&amp;D tax reliefs, and the £2.5bn British Patient Capital programme, enabling long-term investment in innovative companies.</p><p> </p><p>Government support announced following the Patient Capital Review means that the British Business Bank has the capacity to make venture capital commitments this financial year that would exceed the combined average annual commitments from the European Investment Fund and British Business Bank in the years preceding the UK’s vote to leave the EU. In April, the government made an additional £200m support for venture capital and growth finance available through the British Business Bank to support the financing of smaller businesses.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 246517 246518 246519 246521 question first answered 29/04/2019 16:13:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	4125 label Biography information for Catherine McKinnell

1122488

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to secure a share of the European Investment Bank’s retained earnings, interest and dividends for the 12-year period over which the UK’s investment capital will be repaid.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246521
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>The EIB has lent to a range of sectors in the UK, including infrastructure projects and UK businesses. As you may know, the UK will cease to be a member of the EIB Group (consisting of the EIB and EIF) on exit day, as membership is only available to EU member states. Under the terms of the EU Withdrawal Agreement, the UK has secured the return of its €3.5bn capital in the European Investment Bank (EIB) through twelve annual instalments. We have reached a fair settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK tax payers.</p><p> </p><p>Alongside the terms of exit set out in the withdrawal agreement, the Political Declaration, which sets out the framework for the future relationship between the EU and the UK, states that both parties note the UK's intention to explore options for a future relationship with the EIB Group. As we leave the EU, we continue to consider options for our future relationship and discussions on this will form part of the wider negotiations on the future EU-UK relationship.</p><p> </p><p>However, while Government wishes to explore a future relationship with the EIB Group, we recognise the need to be prepared for a range of scenarios. The Government already has a range of existing tools to support infrastructure finance, including the UK Guarantees Scheme and funds that support the development of new technologies including the Digital Infrastructure Investment Fund and Charging Infrastructure Investment Fund. The Infrastructure Finance Review, launched at the Spring Statement, explores future challenges in infrastructure finance, including new technologies, and seeks views on the Government’s existing tools. The review will conclude alongside the National Infrastructure Strategy at the Spending Review later this year. The Government also provides support for business and emerging technologies Research and Development (R&amp;D) through a wide range of measures, including the largest increase in direct public R&amp;D spending in 40 years, R&amp;D tax reliefs, and the £2.5bn British Patient Capital programme, enabling long-term investment in innovative companies.</p><p> </p><p>Government support announced following the Patient Capital Review means that the British Business Bank has the capacity to make venture capital commitments this financial year that would exceed the combined average annual commitments from the European Investment Fund and British Business Bank in the years preceding the UK’s vote to leave the EU. In April, the government made an additional £200m support for venture capital and growth finance available through the British Business Bank to support the financing of smaller businesses.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 246517 246518 246519 246520 question first answered 29/04/2019 16:13:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	4125 label Biography information for Catherine McKinnell

1122493

registered interest
date	23/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to protect consumers from the loyalty penalty in the insurance market.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	246522
answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>The Financial Conduct Authority (FCA) sets the conduct standards which insurance firms are required to meet so that consumers are treated fairly. The Government is committed to ensure that the insurance industry functions well for everyone and welcomed the launch of the FCA’s General Insurance Pricing Practices Market Study. We expect the FCA will report its interim findings in Autumn 2019. As part of this study, the FCA will consider all potential remedies that may be required to make the market work well for consumers. The Government is monitoring the outcomes of this Market Study closely and will engage with the FCA on the appropriate action that is required.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/04/2019 16:09:15 answering member 4051 label Biography information for John Glen
tabling member	4125 label Biography information for Catherine McKinnell