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169402

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps the Government is taking to rebalance the economy in Northern Ireland.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	218164
answer	answer is ministerial correction date of answer 18/12/2014 answer text <p>The UK Government shares the Northern Ireland Executive’s goal of rebalancing the Northern Ireland economy. The Northern Ireland economic pact ‘Building a Prosperous and United Community’ set out a range of measures to help rebalance the Northern Ireland economy and drive investment, jobs and growth. The first annual update on progress was published in July 2014.</p><p> </p><p> </p><p> </p><p>Autumn Statement 2014 confirmed the Government’s view that the proposal to devolve corporation tax rate-setting powers to the Executive could be implemented, provided the Executive is able to manage the financial implications. The ongoing talks process is examining financial and budgetary issues, amongst a range of other issues.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 18/12/2014 17:07:52 answering member 1535 label Biography information for Danny Alexander
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

169404

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when he next plans to meet (a) representatives of the business community and (b) high street traders in Northern Ireland.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	218166
answer	answer is ministerial correction date of answer 18/12/2014 answer text <p>Treasury Ministers do not have any outstanding invitations to meet representatives of the groups specified, but will continue to respond to such requests on their merits, should they be made.</p><p> </p><p> </p><p> </p><p>UK Government Ministers do however maintain regular contact with their counterparts in the Northern Ireland Executive on a range of matters of mutual interest, and the views of business leaders in Northern Ireland inform their considerations.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 18/12/2014 17:34:41 answering member 4117 label Biography information for Andrea Leadsom
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

166245

registered interest
date	26/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Venture Capital
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of funding invested in small and medium-sized enterprises through venture capital trusts in (a) Northern Ireland and (b) the UK in each of the last three years.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	216116
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>The precise information requested is not available at reasonable cost. Venture Capital Trusts raised £440 million in 2013-14, £400 million in 2012-13 and £325 million in 2011-12 to fund their investments. HM Revenue &amp; Customs Statistics on VCTs are published annually and can be found at: <a href="https://www.gov.uk/government/collections/venture-capital-trusts-statistics" target="_blank">https://www.gov.uk/government/collections/venture-capital-trusts-statistics</a></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 02/12/2014 17:21:39 answering member 1529 label Biography information for Mr David Gauke
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

166249

registered interest
date	26/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Air Passenger Duty
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the effect of air passenger duty on tourism in (a) Northern Ireland and (b) the rest of the UK.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	216114
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>I refer the Hon. Member to the answers that the previous Financial Secretary to the Treasury gave to the Hon. Member for Belfast South on 7 April 2014 – Column 16W, the Hon. Member for East Londonderry on 7 July 2014 – Column 120W, and the answer given to the Hon. Member for Bury South on 22 July 2014 – Column 1094W</p><p> </p><p> </p><p> </p><p><a href="http://www.publications.parliament.uk/pa/cm201314/cmhansrd/cm140407/text/140407w0001.htm#1404082000413" target="_blank">http://www.publications.parliament.uk/pa/cm201314/cmhansrd/cm140407/text/140407w0001.htm#1404082000413</a></p><p> </p><p> </p><p> </p><p>http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm140707/text/140707w0005.htm</p><p> </p><p> </p><p> </p><p>http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm140722/text/140722w0003.htm</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 02/12/2014 17:03:01 answering member 4066 label Biography information for Priti Patel
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

166250

registered interest
date	26/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to increase access to bank lending for businesses in Northern Ireland.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	216115
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>The Government has taken significant action to increase bank lending to businesses throughout the UK, including through the Funding for Lending Scheme, and through supporting non-bank lending channels via the British Business Bank.</p><p> </p><p> </p><p> </p><p>The Government is also implementing further major reforms to boost competition in the small and medium sized enterprise (SME) lending market through the Small Business, Enterprise and Employment Bill; most notably the measures to improve access to SME credit information and to match SMEs rejected for finance with challenger banks and alternative finance providers that are looking to offer finance.</p><p> </p><p> </p><p> </p><p>Furthermore, in Autumn 2013 a joint United Kingdom and Northern Ireland Ministerial Task Force was set up to look at ways to promote lending and increase support specifically for businesses in Northern Ireland.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 02/12/2014 17:50:30 answering member 4117 label Biography information for Andrea Leadsom
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

147445

registered interest
date	10/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will give further financial assistance to the Northern Ireland Executive to fund public sector pensions, health and education.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	214159
answer	answer is ministerial correction date of answer 19/11/2014 answer text <p>The Northern Ireland Executive, like the devolved administrations in Scotland and Wales, is expected to meet the costs of public sector pensions and spending on health and education from within its existing budgets.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 19/11/2014 13:52:44 answering member 1535 label Biography information for Danny Alexander
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

105844

registered interest
date	03/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lloyds Banking Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with Lloyds Bank since its announcement of 9,000 job losses.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	212921
answer	answer is ministerial correction date of answer 20/11/2014 answer text <p>Details of the Chancellors meetings are published in HMT transparency returns.</p><p> </p><p> </p><p> </p><p>The Government’s shareholding in Lloyds is managed at arm’s length from HM Treasury by UK Financial Investments Ltd. In accordance with UKFI’s investment mandate, the Government does not seek to intervene in the operational management of Lloyds Banking Group.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 20/11/2014 13:50:57 answering member 4117 label Biography information for Andrea Leadsom
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

101529

registered interest
date	29/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to monitor practices in the banking sector.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	212470
answer	answer is ministerial correction date of answer 05/11/2014 answer text <p>This Government has taken a number of major steps to strengthen monitoring and regulation of the banking sector.</p><p> </p><p> </p><p> </p><p>The Financial Services Act 2012 put in place two new, properly focussed financial regulators, the Prudential Regulation Authority (PRA) - a subsidiary of the Bank of England - the Financial Conduct Authority (FCA), as part of a new approach to financial regulation. The new regulators started work on 1 April 2013.</p><p> </p><p> </p><p> </p><p>The Government’s new approach to financial regulation enables the PRA to concentrate on monitoring the health of UK banks to ensure that they are prudently and competently managed and to reduce the risk that the practices of UK banks will lead to serious financial failure. At the same time, the FCA can concentrate on monitoring the practices of UK banks and other financial services businesses in their dealing with ordinary retail customers and in wholesale financial markets, to reduce the risk that the practices in the banking sector are detrimental to consumers or competition, or threaten the integrity of financial markets.</p><p> </p><p> </p><p> </p><p>On 12 June 2014, the Government announced the Fair and Effective Markets Review, which is a joint review by HM Treasury, the Bank of England, and the Financial Conduct Authority (FCA) into the way wholesale financial markets operate. The Government is determined to take action to help restore trust and integrity and to ensure that the highest standards are expected of those who operate in these markets. It is important that this is done in a way that preserves the UK’s position as the global financial centre for many of these markets. The Review published its consultation document “How fair and effective are the fixed income, foreign exchange and commodities markets?” on 27 October, and the Government looks forward to the review’s final recommendations in June 2015.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/11/2014 16:50:46 answering member 4117 label Biography information for Andrea Leadsom
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

93468

registered interest
date	15/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Policy: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Northern Ireland Executive regarding his long-term economic plan.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	210815
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>Treasury Ministers and officials have regular discussions with Northern Ireland Executive Ministers and officials on a wide variety of topics.</p><p> </p><p> </p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 22/10/2014 15:46:06 answering member 1535 label Biography information for Danny Alexander
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

93470

registered interest
date	15/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector Debt
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what further plans he has to protect vulnerable groups while tackling the deficit.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	210816
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>The government is committed to a fair tax and benefit system where everyone contributes to reducing the deficit, and those with the most make the largest contribution. Our published distributional analysis confirms that the richest are continuing to contribute the most to consolidation, even as a share of income and benefits in kind. Our reforms to the tax and welfare system promote work and personal responsibility while protecting the most vulnerable members of society. For example, the government has protected people with disabilities by uprating disability benefits in line with CPI rather than 1 percent, has implemented the triple lock on the basic state pension to protect pensioner incomes throughout this parliament, and has implemented the pupil premium and extended the free school meals program to support disadvantaged children.</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 22/10/2014 15:58:12 answering member 4066 label Biography information for Priti Patel
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown