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705878

	registered interest
	date	22/02/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Science and Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what fiscal steps he is taking to encourage investment in innovative UK science and technology projects.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	908969
	answer	answer is ministerial correction date of answer 28/02/2017 answer text <p>As my Rt Honerable Friend the Chancellor of the Exchequer announced at Autumn Statement, the government is significantly increasing investment in R&amp;D, rising to an extra £2 billion a year by 2020-21; the largest increase in any parliament since at least 1979.</p><p> </p><p>This includes an Industrial Strategy Challenge Fund, which will support collaborations between businesses and the UK’s world-leading science base.</p><p> </p><p>This will ensure the UK remains an attractive place for businesses to invest in innovative research, and that the next generation of discoveries are made, developed and produced in Britain.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/02/2017 15:04:15 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

391306

	registered interest
	date	20/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what support his Department is providing to promote the growth of the FinTech industry.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	7976
	answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Government is committed to making the UK the leading global FinTech hub, and has announced a large number of policy initiatives, including more supportive regulatory regimes for peer-to-peer, digital currencies, and other innovative firms.</p><p> </p><p> </p><p> </p><p>The Government built on this record at the Summer Budget. First, Eileen Burbidge was appointed as the UK’s ‘Special Envoy for FinTech’, where she will represent UK interests in FinTech at home and around the world. Second, an international FinTech benchmarking exercise was announced to measure the UK’s performance and identify areas of best practice from around the world.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 07/09/2015 15:35:18 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1586 label Biography information for Adam Afriyie

520628

	registered interest
	date	23/05/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Services: ICT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the role of financial technology in encouraging consumers to switch their current account.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	37958
	answer	answer is ministerial correction date of answer 01/06/2016 answer text <p>The government is committed to increasing competition in banking to improve outcomes for consumers. This includes delivering the Current Account Switch Service (CASS) which allows customers to switch their personal or business current account where they see a better deal – simply, quickly and reliably. Consumers have switched over 2.8 million times since the service was launched in 2013.</p><p> </p><p>Making it easier for people to understand and compare banking products and services can help drive consumer engagement and could lead to an increase in switching. Financial technology is an important part of this.</p><p> </p><p>In its recent provisional decision on remedies, the Competition and Markets Authority (CMA) proposed requiring the largest retail banks in Great Britain and Northern Ireland to develop and adopt an open API banking standard by early 2018.</p><p>This will make it easier for financial technology firms to make use of customer bank data in a variety of innovative ways, including providing services that make it easier for consumers to compare products and shop around for a better deal.</p><p> </p><p>The government welcomes the CMA’s ongoing work as a crucial step towards the goal of a highly competitive banking sector, and stands ready to take action as necessary once the CMA publishes its final report in the summer.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/06/2016 13:51:23 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1586 label Biography information for Adam Afriyie

511296

	registered interest
	date	12/04/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax: National Insurance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for his Department's policies of the report by the Office for Tax Simplification's, The closer alignment of income tax and national insurance, published in March 2016.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	33586
	answer	answer is ministerial correction date of answer 20/04/2016 answer text <p>Budget 2016 announced that the Office of Tax Simplification (OTS) will review the impacts of moving employee National Insurance Contributions (NICs) to an annual, cumulative and aggregated basis and moving employer NICs to a payroll basis. After this review, the Government will respond in full to the OTS’s review of the closer alignment of income tax and NICs.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/04/2016 16:42:55 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

484468

	registered interest
	date	22/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Social Mobility
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential effect of measures in Budget 2016 on social mobility.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	32097
	answer	answer is ministerial correction date of answer 30/03/2016 answer text <p>The Government has carefully considered the impact of the tax and benefit reforms introduced in Budget. It is committed to improving social mobility by moving towards a higher wage, lower tax and lower welfare society.</p><p> </p><p>The Government published distributional analysis to accompany Budget 2016 which shows that the richest are paying a greater share of tax as a result of this government’s policies while the share of spending going to the poorest has been protected.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 30/03/2016 13:40:05 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

479094

	registered interest
	date	16/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	EU Budget: Contributions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the UK's net financial contribution to the EU budget (a) was in 2006 and (b) is in 2015-16.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	31516
	answer	answer is ministerial correction date of answer 29/03/2016 answer text <p>The UK’s net contribution to the EU in 2006, including rebate and total receipts from the EU, can be found in the tables appended in the EU’s Financial Report 2014:</p><p> </p><p>ec.europa.eu/budget/library/biblio/documents/2014/Internet%20tables%202000-2014.xls</p><p> </p><p>No comparable figure can be provided for 2015-16 as outturn data will only become available later in the year.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 29/03/2016 10:40:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

453650

	registered interest
	date	22/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Food: Imports
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what revenue was received by the Exchequer from the total amount of food imported by the UK from other member states of the EU in the last 10 years.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	27726
	answer	answer is ministerial correction date of answer 01/03/2016 answer text <p>This level of detail is not collected on VAT or any other tax return.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/03/2016 15:32:39 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

1110234

	registered interest
	date	08/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Visas: Skilled Workers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the net fiscal effect on the public purse of the Government’s decision to increase the number of Tier 5 Exceptional Talent visas from 1,000 to 2,000.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	242081
	answer	answer is ministerial correction date of answer 12/04/2019 answer text <p>The Treasury has not made an assessment of the net fiscal impact of increasing the number of Tier 1 Exceptional Talent visas available. In 2018, the number of Exceptional Talent Visas granted was within the previous quota.</p><p> </p><p>The increase in quota ensures that we have sufficient headroom in the Exceptional Talent route to continue to attract highly skilled people from across the globe; and is a demonstration of the Government’s commitment to ensuring that the UK remains a world-leader in the digital technology, science, arts and the creative sectors.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/04/2019 15:40:24 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1082273

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Cards: Fees and Charges
	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 comparative merits of flat rate Interchange Fees as opposed to fees proportional to the value of the transaction; and whether his Department plans to exercise section 7 of the Interchange Fee (Amendment) (EU Exit) Regulations 2018 to decrease the per transaction interchange fee.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	228625
	answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The European Commission is in the process of reviewing the effectiveness of the Interchange Fee Regulation as part of its usual process. The Payment Systems Regulator, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services. The Government has therefore not made a formal assessment of the Interchange Fee Regulation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:15:55 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1082272

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	228624
	answer	answer is ministerial correction date of answer 11/03/2019 answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:11:56 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie