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1125162

registered interest
date	07/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answers of 29 April 2019 Questions 246542, 246543 and 246544 on Credit Unions, what discussions he has had with the Prudential Regulation Authority on changing capital requirements for credit unions.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	251439
answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Capital requirements for credit unions are set by the Prudential Regulation Authority (PRA), in line with their mandate to promote the safety and soundness of firms. The PRA is independent from government and is responsible for ensuring the credit union sector is effectively regulated and financially stable.</p><p> </p><p>I have regular meetings with the PRA to discuss a range of ongoing policy issues, including in relation to credit unions.</p><p> </p><p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector. Credit union membership and assets continue to grow, with membership passing 2 million for the first time in 2018 and total assets growing to over £3.3 billion.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251440 question first answered 13/05/2019 14:26:34 answering member 4051 label Biography information for John Glen
tabling member	4463 label Biography information for Chris Stephens

1125163

registered interest
date	07/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answers of 29 April 2019 Questions 246542, 246543 and 246544 on Credit Unions, whether it is his Department's policy to support the Prudential Regulation Authority on decisions to change the capital requirements for credit unions.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	251440
answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Capital requirements for credit unions are set by the Prudential Regulation Authority (PRA), in line with their mandate to promote the safety and soundness of firms. The PRA is independent from government and is responsible for ensuring the credit union sector is effectively regulated and financially stable.</p><p> </p><p>I have regular meetings with the PRA to discuss a range of ongoing policy issues, including in relation to credit unions.</p><p> </p><p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector. Credit union membership and assets continue to grow, with membership passing 2 million for the first time in 2018 and total assets growing to over £3.3 billion.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251439 question first answered 13/05/2019 14:26:34 answering member 4051 label Biography information for John Glen
tabling member	4463 label Biography information for Chris Stephens

1122539

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	Credit Unions
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 discontinuities in credit union capital requirements on credit unions' capacity to grow assets beyond £10 million; and if he will make a statement.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	246542
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>Representatives from credit unions have raised issues with me related to capital requirements, most recently when I spoke at the Association of British Credit Unions Ltd (ABCUL) conference in March 2019. Capital requirements for credit unions are set by the Prudential Regulation Authority (PRA), in line with their mandate to promote the safety and soundness of firms.</p><p> </p><p>The PRA is independent from government and is responsible for ensuring the credit union sector is effectively regulated and financially stable.</p><p> </p><p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector. Credit union membership and assets continue to grow, with membership passing 2 million for the first time in 2018 and total assets growing to over £3.3 billion.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 246543 246544 question first answered 29/04/2019 14:19:31 answering member 4051 label Biography information for John Glen
tabling member	4463 label Biography information for Chris Stephens

1122540

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	Credit Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what representations he has received on changing credit union capital requirements; and if he will make a statement.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	246543
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>Representatives from credit unions have raised issues with me related to capital requirements, most recently when I spoke at the Association of British Credit Unions Ltd (ABCUL) conference in March 2019. Capital requirements for credit unions are set by the Prudential Regulation Authority (PRA), in line with their mandate to promote the safety and soundness of firms.</p><p> </p><p>The PRA is independent from government and is responsible for ensuring the credit union sector is effectively regulated and financially stable.</p><p> </p><p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector. Credit union membership and assets continue to grow, with membership passing 2 million for the first time in 2018 and total assets growing to over £3.3 billion.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 246542 246544 question first answered 29/04/2019 14:19:31 answering member 4051 label Biography information for John Glen
tabling member	4463 label Biography information for Chris Stephens

1122542

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	Credit Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to change credit union capital requirements to support credit unions to grow assets beyond £10 million; and if he will make a statement.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	246544
answer	answer is ministerial correction date of answer 29/04/2019 answer text <p>Representatives from credit unions have raised issues with me related to capital requirements, most recently when I spoke at the Association of British Credit Unions Ltd (ABCUL) conference in March 2019. Capital requirements for credit unions are set by the Prudential Regulation Authority (PRA), in line with their mandate to promote the safety and soundness of firms.</p><p> </p><p>The PRA is independent from government and is responsible for ensuring the credit union sector is effectively regulated and financially stable.</p><p> </p><p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector. Credit union membership and assets continue to grow, with membership passing 2 million for the first time in 2018 and total assets growing to over £3.3 billion.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 246542 246543 question first answered 29/04/2019 14:19:31 answering member 4051 label Biography information for John Glen
tabling member	4463 label Biography information for Chris Stephens

1105752

registered interest
date	27/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Buildings
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the cumulative cost is to date of continued payment in rent for HM Revenue and Customs office sites that have been vacated.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	237791
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>When HMRC vacates an office in accordance with its operational requirements, it would seek to dispose of the building following any remedial work which needed to be completed. It may choose to retain the building if other government departments are based at the location and are funding the remaining lease, or if it is more cost effective to leave a location and relocate staff which to date has not happened so the cost is nil.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/04/2019 15:34:32 answering member 3935 label Biography information for Mel Stride
tabling member	4463 label Biography information for Chris Stephens

1105753

registered interest
date	27/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Reorganisation
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 HMRC staff at the HMRC offices in (a) Sheffield, (b) Wrexham, (c) Aberdeen, (d) Ealing and (e) Wolverhampton under the building our future plans HMRC plans to relocate to a new office.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	237792
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>In 2015, HMRC planning indicated that up to 90% of its workforce across the UK, at that time, would either work in a regional centre or see out their career in an HMRC office. By the time all its regional centres have opened, HMRC still expects the overall figure to be near to its original forecast of 90%. However, HMRC would expect the equivalent figure for locations in this question to be lower. HMRC will not know the actual position until one-to-one discussions have taken place with staff which will establish whether an individual can or cannot move.</p><p> </p><p>HMRC recognises that in the case of Aberdeen in particular, the daily travel requirements will be such that very few employees, if any, are likely to travel to the regional centre in Edinburgh.</p><p> </p><p>For those who can move there will be financial support towards any additional travelling costs for up to five years after the move. HMRC will support those who cannot move on an individual basis to work through all possible options, including identifying opportunities in other government departments.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/04/2019 15:39:32 answering member 3935 label Biography information for Mel Stride
tabling member	4463 label Biography information for Chris Stephens

1105342

registered interest
date	26/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Reorganisation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many sites HMRC have vacated since 15 November 2015.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	237203
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>Since November 2015, when HMRC announced its ten-year location strategy which will see it become a tax authority fit for the future, it has closed 76 of the 170 offices which it occupied at that time.</p><p> </p><p>Of the 76 offices, 72 were managed under the STEPS Private Finance Initiative contract. Of the 72 offices under the STEPS contract, 58 were not Mapeley freehold properties. There were four offices which were not under the STEPS contract.</p><p> </p><p>When HMRC vacates an office in accordance with its operational requirements, it would seek to dispose of the building following any remedial work which needed to be completed. It may choose to retain the building if other government departments are based at the location and are funding the remaining lease. HMRC is not paying rent on any of the 76 offices which have been vacated since November 2015 and none of them have been left unoccupied.</p><p> </p><p>HMRC also manages properties on behalf of other government departments where there is no HMRC presence and those departments pay HMRC for the use of the building.</p><p> </p><p>HMRC continues to support staff through its transformation. For those who can move it is providing payments towards increases in travel costs paid for up to five years, and for those who cannot move with HMRC it continues to seek opportunities in other government departments, in addition to any support with upskilling where relevant. HMRC wants to keep as many employees as possible and through one-to-one conversations with managers it will explore smarter ways of working and flexibility with working hours where this is possible. Moving to regional centres will save around £300 million up to 2025 with annual cash savings of around £90 million from 2028, while improving customer service and modernising how HMRC works.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 237204 237205 237206 237208 question first answered 01/04/2019 15:37:20 answering member 3935 label Biography information for Mel Stride
tabling member	4463 label Biography information for Chris Stephens

1105343

registered interest
date	26/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Reorganisation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate the Department has made of the number of sites that it has vacated since 15 November 2015 for which HMRC has paid rent to (a) any freeholder and (b) Mapeley after it had vacated those sites.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	237204
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>Since November 2015, when HMRC announced its ten-year location strategy which will see it become a tax authority fit for the future, it has closed 76 of the 170 offices which it occupied at that time.</p><p> </p><p>Of the 76 offices, 72 were managed under the STEPS Private Finance Initiative contract. Of the 72 offices under the STEPS contract, 58 were not Mapeley freehold properties. There were four offices which were not under the STEPS contract.</p><p> </p><p>When HMRC vacates an office in accordance with its operational requirements, it would seek to dispose of the building following any remedial work which needed to be completed. It may choose to retain the building if other government departments are based at the location and are funding the remaining lease. HMRC is not paying rent on any of the 76 offices which have been vacated since November 2015 and none of them have been left unoccupied.</p><p> </p><p>HMRC also manages properties on behalf of other government departments where there is no HMRC presence and those departments pay HMRC for the use of the building.</p><p> </p><p>HMRC continues to support staff through its transformation. For those who can move it is providing payments towards increases in travel costs paid for up to five years, and for those who cannot move with HMRC it continues to seek opportunities in other government departments, in addition to any support with upskilling where relevant. HMRC wants to keep as many employees as possible and through one-to-one conversations with managers it will explore smarter ways of working and flexibility with working hours where this is possible. Moving to regional centres will save around £300 million up to 2025 with annual cash savings of around £90 million from 2028, while improving customer service and modernising how HMRC works.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 237203 237205 237206 237208 question first answered 01/04/2019 15:37:20 answering member 3935 label Biography information for Mel Stride
tabling member	4463 label Biography information for Chris Stephens

1105344

registered interest
date	26/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Reorganisation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether HMRC is paying rent on sites that have (a) been vacated by its staff and (b) where there is no active HMRC work being carried out.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	237205
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>Since November 2015, when HMRC announced its ten-year location strategy which will see it become a tax authority fit for the future, it has closed 76 of the 170 offices which it occupied at that time.</p><p> </p><p>Of the 76 offices, 72 were managed under the STEPS Private Finance Initiative contract. Of the 72 offices under the STEPS contract, 58 were not Mapeley freehold properties. There were four offices which were not under the STEPS contract.</p><p> </p><p>When HMRC vacates an office in accordance with its operational requirements, it would seek to dispose of the building following any remedial work which needed to be completed. It may choose to retain the building if other government departments are based at the location and are funding the remaining lease. HMRC is not paying rent on any of the 76 offices which have been vacated since November 2015 and none of them have been left unoccupied.</p><p> </p><p>HMRC also manages properties on behalf of other government departments where there is no HMRC presence and those departments pay HMRC for the use of the building.</p><p> </p><p>HMRC continues to support staff through its transformation. For those who can move it is providing payments towards increases in travel costs paid for up to five years, and for those who cannot move with HMRC it continues to seek opportunities in other government departments, in addition to any support with upskilling where relevant. HMRC wants to keep as many employees as possible and through one-to-one conversations with managers it will explore smarter ways of working and flexibility with working hours where this is possible. Moving to regional centres will save around £300 million up to 2025 with annual cash savings of around £90 million from 2028, while improving customer service and modernising how HMRC works.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 237203 237204 237206 237208 question first answered 01/04/2019 15:37:20 answering member 3935 label Biography information for Mel Stride
tabling member	4463 label Biography information for Chris Stephens