Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1415730

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Legislation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many post legislative reviews (a) their Department or (b) their predecessor Department has undertaken on (i) primary and (ii) secondary legislation in each of the last five years.
tabling member constituency	Aberdeen North
tabling member printed	Kirsty Blackman
uin	110394
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>In the last five years, HM Treasury undertook and laid one post legislative review for primary legislation, which covered multiple Acts. Separately, post legislative memorandums may be found on gov.uk.</p><p> </p><p>For secondary legislation, post legislative reviews are known as Post-Implementation Reviews (PIRs) if they come under the Better Regulation Framework. Between Jan 2017-Jan 2022, under the scope defined by the SBEE Act 2015 and the Better Regulation Framework, HM Treasury has records of 19 PIRs having been completed and published. The breakdown for each of the last five years is as follows: 1 in 2017; 3 in 2018; 6 in 2019; 2 in 2020; 6 in 2021; 1 in 2022.</p><p> </p><p>This information on post legislative reviews of both primary and secondary legislation is only held in HM Treasury for internal administrative reasons and may not be exhaustive, for example, due to machinery of government changes to departmental structure in the past decade.</p><p> </p><p>Where possible, considering any market sensitivity, all post legislative reviews or post legislative memorandums are published on gov.uk, and PIRs are published alongside the original legislation on legislation.gov.uk for transparency and accountability.</p><p> </p><p>As well as completed reviews, there are a number of PIRs currently being undertaken, some of which cover multiple pieces of legislation.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 31/01/2022 16:46:30 answering member 4527 label Biography information for Helen Whately
tabling member	4357 label Biography information for Kirsty Blackman

1415748

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Legislation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many and what proportion of the (a) primary and (b) secondary legislation sponsored by (i) their Department or (ii) their predecessor Department has undergone a post legislative review in each of the last 10 years.
tabling member constituency	Aberdeen North
tabling member printed	Kirsty Blackman
uin	110412
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>In the last 10 years, HM Treasury has records of three Acts of primary legislation having undergone post legislative reviews.</p><p> </p><p>HM Treasury does not hold information on how many post legislative reviews the Department has undertaken on secondary legislation in each of the last ten years.</p><p> </p><p>Section 28 of The Small Business, Enterprise and Employment Act 2015 (‘SBEE Act 2015’) brought in a new duty to review secondary legislation, with exceptions where it is deemed inappropriate by the responsible Minister to do so. Prior to this, there was no statutory requirement to review secondary legislation.</p><p> </p><p>HM Treasury does not hold information on the proportion of post legislative reviews the Department has undertaken on primary and secondary legislation in each of the last ten years.</p><p> </p><p>However, post legislative reviews prior to the introduction of the SBEE Act 2015 will be available on legislation.gov.uk or gov.uk where it was possible to publish them, considering market sensitivity.</p><p> </p><p>This information on primary and secondary legislation is only held for internal administrative reasons and may not be exhaustive, for example, due to machinery of government changes to departmental structure in the past decade.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 31/01/2022 16:52:29 answering member 4527 label Biography information for Helen Whately
tabling member	4357 label Biography information for Kirsty Blackman

1415759

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 January 2022 to Question 103605 on Financial Services Authority, on what specific information and reports the decision not take forward the legislation referred to in that Question was based.
tabling member constituency	Thirsk and Malton
tabling member printed	Kevin Hollinrake
uin	110470
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>The Government decided that it would not take forward legislation but would keep the position of contracts sold to unregulated firms under review and return to legislation if there was sufficient evidence of consumer detriment. This decision was reached based on careful consideration of the market conditions at the time, analysis of the available evidence of consumer harm and engagement with a range of stakeholders, including the Financial Services Authority (FSA) and Financial Ombudsman Service (FOS).</p><p> </p><p>The Government continues to keep the position of mortgage contracts sold to unregulated firms under review. All mortgages, regardless of the regulatory status of the owner, must be administered by a regulated administrator.</p><p>It is worth reiterating that further regulation of this kind would not necessarily enable borrowers to switch to a cheaper mortgage deal or lower the interest rates they pay.</p> answering member constituency Salisbury answering member printed John Glen question first answered 31/01/2022 14:25:22 answering member 4051 label Biography information for John Glen
tabling member	4474 label Biography information for Kevin Hollinrake

1415778

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Care Services: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to provide grant support to people working in the hair and beauty industry.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	110348
answer	answer is ministerial correction date of answer 27/01/2022 answer text <p>In December we announced a generous £1bn package of support for business and their employees to help them manage the effects of the rapid surge of Omicron. This includes a £102m top-up to the Additional Restrictions Grant (ARG), a discretionary fund delivered by local authorities in England. This is in addition to the £250m of ARG which local authorities report is left over from previous allocations. This scheme is open until 31 March 2022 and I encourage people and businesses impacted by the Omicron variant to contact their local authority.</p><p> </p><p>The Government also continues to support small businesses through the VAT threshold, currently higher than any EU member state.</p><p> </p><p>For those on low income whose earnings continue to be affected by Covid-19 restrictions, work coaches will continue to be able to suspend the Universal Credit Minimum Income Floor on an individual basis for up to six months.</p><p> </p><p>Thanks to our decisive action to implement balanced and proportionate measures in response to the Omicron variant, Cabinet has decided to return to Plan A in England.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 27/01/2022 15:56:24 answering member 4527 label Biography information for Helen Whately
tabling member	4122 label Biography information for Alex Cunningham

1415812

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
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 implications for his policies of the increase in the number of people using buy now, pay later services.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110322
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110323 110324 110325 110326 110647 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon

1415813

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Public Consultation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish a response to the consultation on the regulation of buy now pay later products which closed on 6 January 2022.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110323
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110322 110324 110325 110326 110647 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon

1415814

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Young People
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of 18 to 24 year olds who have been referred to debt collection agencies by buy now, pay later firms in the last 12 months.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110324
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110322 110323 110325 110326 110647 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon

1415815

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of amount collected in late payment fees by the buy now, pay later sector in each of the last three years.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110325
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110322 110323 110324 110326 110647 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon

1415816

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
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 implications for his policies of increases in the number of people using buy now, pay later services as an additional form of short-term credit financing.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110326
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110322 110323 110324 110325 110647 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon

1415817

registered interest
date	24/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
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 people understand the financial consequences of using buy now, pay later services to fund purchases.
tabling member constituency	Harlow
tabling member printed	Robert Halfon
uin	110647
answer	answer is ministerial correction date of answer 31/01/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of the normal process of policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later products, including the absence of information given to consumers about features of Buy-Now Pay-Later agreements. The Government recognises those risks, but also notes that as an interest-free product, Buy-Now Pay-Later can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why, on 2 February 2021, the Government announced its intention to regulate Buy-Now Pay-Later products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later on 21 October 2021, which closed on 6 January. The consultation included proposals to apply Financial Conduct Authority (FCA) rules on pre-contract disclosure and adequate explanations to Buy-Now Pay-Later agreements. These rules require firms to make adequate pre-contractual explanation to ensure the customer is in a position to assess whether the agreement is suitable for their needs and financial situation.</p><p> </p><p>The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p><p> </p><p>HMT does not hold information regarding the number of 18- to 24-year-olds who have been referred to debt collection agencies by Buy-Now Pay-Later in the last 12 months, or the amount collected in late payment fees by the Buy-Now Pay-Later sector in each of the last three years. Instead, HMT draws on the research of various stakeholders including consumer groups and the wider financial services industry.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 110322 110323 110324 110325 110326 question first answered 31/01/2022 16:29:27 answering member 4051 label Biography information for John Glen
tabling member	3985 label Biography information for Robert Halfon