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1504654

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what was the extent of quantitative easing for each quarter since the beginning of 2021.
tabling member printed	Lord Field of Birkenhead
uin	HL2100
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>In 2021, the total gilt purchases of the Asset Purchase Facility (APF), including purchases to redeem maturing assets, was £57.7bn in Q1, £49.7bn in Q2, £44.7bn in Q3 and £37.8bn in Q4 following a decision by the Monetary Policy Committee to increase its Quantitative Easing target stock to £875bn. As of Q1 2022, The Bank of England begun the process of unwinding QE by ceasing to reinvest in maturing assets or purchasing new assets. In March 2022, total size of the APF gilt holdings was £847bn by purchase value, a decrease of £27.9bn from the start of the quarter.</p> answering member printed Viscount Younger of Leckie question first answered 22/09/2022 10:10:51 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	478 label Biography information for Lord Field of Birkenhead

1504661

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay: Inflation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps, if any, they are taking to ensure that wage levels keep pace with inflation.
tabling member printed	Lord Hendy
uin	HL2120
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The government understands that people across the UK are worried about the rising cost of living.</p><p> </p><p>On 8 September, the government announced that the Energy Price Guarantee will supersede the energy price cap, which means that a typical UK household will pay no more than £2500 a year on their energy bill over the next 2 years from 1 October.</p><p> </p><p>To address cost of living in the longer term, it is important that we help people into work, support them to increase their incomes and ensure they keep more of what they earn.</p><p> </p><p>In April, the National Living Wage (NLW) increased by 6.6% to £9.50 an hour for workers aged 23 and over, which is expected to benefit more than 2 million workers. This means an increase of over £1,000 to the annual earnings of a full-time worker on the NLW.</p><p> </p><p>We are also supporting people to improve their earnings prospects and support their success in the labour market. At Spending Review 2021, the government confirmed that it is investing a total of £3.8 billion in skills in England by 2024-25.</p><p> </p><p>More broadly, our economic plan will be pro-growth. As a matter of priority, the Chancellor will set out a package of measures to deliver on the Prime Minister’s commitment to cut taxes and boost growth, laying the groundwork for the change we need in the long term to make our economy stronger.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:44:10 answering member 4726 label Biography information for Baroness Penn
tabling member	4723 label Biography information for Lord Hendy

1504711

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Repayments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the time taken by HM Revenue and Customs to pay tax refunds and the impact on individuals and businesses awaiting those refunds; and if he will make a statement.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	47537
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>Information in the form requested is not readily available and could only be obtained at disproportionate cost.</p><p> </p><p>HMRC performance data is published on a monthly basis here:</p><p><a href="https://www.gov.uk/government/collections/hmrc-monthly-performance-reports" target="_blank">https://www.gov.uk/government/collections/hmrc-monthly-performance-reports</a>.</p><p> </p><p>Quarterly data can be found here: <a href="https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates" target="_blank">https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates</a>.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/09/2022 09:57:44 answering member 3912 label Biography information for Richard Fuller
tabling member	4131 label Biography information for Jim Shannon

1504717

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Alcoholic Drinks: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the new system of alcohol duties announced in October 2021, what discussions he had had with Cabinet colleagues about the objectives of that new system, and what recent assessment he has made of its potential contribution towards a reduction in alcohol harm.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	47579
answer	answer is ministerial correction date of answer 14/09/2022 answer text <p>The Chancellor meets with his Cabinet colleagues on a regular basis, to discuss a variety of issues.</p><p> </p><p>Autumn Budget 2021 announced a number of reforms to alcohol duty as part of the alcohol duty review. The aim is to move to a new system that taxes all products in reference to the litres of pure alcohol they contain, as is currently the case for spirits. This will ensure stronger alcoholic products pay duty in proportion to their alcoholic content. The reforms will also introduce a reduced rate of duty for products of a lower alcohol by volume (ABV).</p><p> </p><p>The government will provide an update on the alcohol duty reforms in due course.</p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 14/09/2022 09:37:24 answering member 4821 label Biography information for Felicity Buchan
tabling member	4471 label Biography information for Rachael Maskell

1504734

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Rates and Bands
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their estimate of the number of adults (1) in paid work, and (2) not in paid work, who have incomes below the income tax threshold.
tabling member printed	Baroness Lister of Burtersett
uin	HL2134
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>Estimates of the number of adults in paid work and not in paid work who have incomes below the Income Tax Personal Allowance during the 2019-20 tax year, the latest year for which these figures are available, are set out below.</p><p> </p><table><tbody><tr><td><p> </p></td><td><p>Estimated number of adults in 2019-20 (millions)</p></td></tr><tr><td><p>Paid work</p></td><td><p>10.2</p></td></tr><tr><td><p>Not in paid work</p></td><td><p>6.7</p></td></tr><tr><td><p>Total</p></td><td><p>16.9</p></td></tr></tbody></table><p> </p><p>Source: Survey of Personal Incomes, tax year 2019 to 2020</p><p> </p><p> </p><p>The Income Tax Personal Allowance for the 2019-20 tax year is £12,500. The adult population (individuals aged 18 and over) in paid work is based on individuals with employment and/or self-employment income. Other income amounts such as occupational or State pension is not included as paid work but individuals with incomes such as pensions could be in either category. The data underlying the Survey of Personal Incomes is based on a large sample of over 820,000 individuals with incomes reported to HMRC. As is the case with the published Personal Incomes Statistics, these figures are statistical estimates and will be subject to sampling variation.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:11:04 answering member 4726 label Biography information for Baroness Penn
tabling member	4234 label Biography information for Baroness Lister of Burtersett

1504146

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mileage Allowances
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 potential merits of increasing Approved Mileage Allowance Payment rates.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	45939
answer	answer is ministerial correction date of answer 07/09/2022 answer text <p>Approved Mileage Allowance Payments (AMAPs) are used by employers to reimburse an employee’s expenses for business mileage in their private vehicle.</p><p> </p><p>AMAPs are intended to create administrative simplicity and certainty by using an average rate, which reflects vehicle running costs including fuel, servicing and depreciation. Fuel is therefore only one component.</p><p> </p><p>The AMAP rate is advisory and employers can choose to pay more or less than the advisory rate – it is therefore ultimately up to employers to determine the rate at which they reimburse their employees. Employees who receive less than the AMAP rate can claim tax relief on the difference. Employees who receive more will be taxed on the difference.</p><p> </p><p>Like all taxes and allowances, the Government keeps the AMAP rate under review.</p> answering member constituency Havant answering member printed Alan Mak grouped question UIN 45937 45938 question first answered 07/09/2022 08:55:31 answering member 4484 label Biography information for Alan Mak
tabling member	4482 label Biography information for Owen Thompson

1504151

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will provide backdated support for businesses struggling with high energy bills.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	45940
answer	answer is ministerial correction date of answer 14/09/2022 answer text <p>We recognise that many businesses are exposed to increased energy costs, driven by global factors.</p><p>On 8 September the Government announced a new six-month scheme for businesses and other non-domestic energy users (including charities and public sector organisations like schools). This is a temporary, time-limited measure that will protect them from soaring energy costs and provide them with the certainty they need to plan through the acute crisis this winter. It will provide them with the time they need to transition and adjust their business models accordingly.</p><p>More specific details will be announced shortly and we expect the scheme to be up and running this Autumn.</p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 14/09/2022 09:25:52 answering member 4821 label Biography information for Felicity Buchan
tabling member	4482 label Biography information for Owen Thompson

1504201

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effectiveness of the FCA's regulatory regime in the Azure Service Ltd. case, and what discussions his Department have had with the FCA on lessons to be learned in the licensing of financial services as a result of the Azure Service Ltd. case; and if he will make a statement.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	45903
answer	answer is ministerial correction date of answer 06/09/2022 answer text <p>The Government recognises the impact on consumers as a result of Azure Services’ business practices whilst it operated as a credit broker without the relevant Office of Fair Trading (OFT) licence and, later on, Financial Conduct Authority (FCA) authorisation. However, the Government notes the decision by Barclays Partner Finance to refund over £210m to customers who took out a loan following an introduction by Azure Services.</p><p> </p><p>The FCA has been established as an independent regulator responsible for the supervision and regulation of conduct in financial services. The FCA’s independence from Government does not mean it can act arbitrarily, rather it must operate within the framework of statutory duties and powers agreed by Parliament. As well as being required to operate within this framework, the FCA is fully accountable to Parliament for how it discharges its statutory functions.</p><p> </p><p>This direct accountability to Parliament reflects the FCA’s statutory independence and the fact that they are solely responsible for everyday operational decisions without Government approval or direction, and so are primarily accountable for them. That notwithstanding, the Treasury plays an important role in holding the FCA accountable, including through engaging closely with the FCA across all levels of seniority.</p><p> </p><p>The FCA is currently part way through its Transformation Programme, which is accelerating an ongoing programme of reform to make the FCA a more innovative, assertive and adaptive regulator. Amongst other things, the Transformation Programme aims to ensure that the FCA can make fast and effective decisions, and prioritise the right outcomes for consumers, markets and firms. It also involves significant investment in the FCA’s systems and capabilities to enable better use of data and intelligence to regulate 50,000 firms effectively and efficiently.</p><p> </p><p>As part of its Transformation Programme, the FCA has enhanced its approach to authorisations, including by applying its standards more robustly.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 06/09/2022 11:49:17 answering member 3912 label Biography information for Richard Fuller
tabling member	4467 label Biography information for Drew Hendry

1504251

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electronic Funds Transfer: Fraud
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 which banks have been impacted by push payment fraud (a) as a percentage of the impact as a whole, (b) over each of the past five years, in terms of (i) being host to the accounts where funds have been lost to this fraud, and (ii) being the host bank of accounts perpetrating this fraud.
tabling member constituency	East Renfrewshire
tabling member printed	Kirsten Oswald
uin	45864
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Government recognises the growing threat posed to consumers by Authorised Push Payment (APP) fraud, with increasingly sophisticated scams that can be detrimental to people’s lives. The Government is committed to tackling fraud within payments networks. That is why the Government has introduced legislation as part of the Financial Services &amp; Markets Bill to enable the PSR to require payment service providers to reimburse APP scam victims. The Government believes this will ensure more consistent and comprehensive reimbursement for future APP scam victims.</p><p> </p><p>Currently, data relating to the amounts lost and returned following APP scams is collected by the Payment Systems Regulator (PSR) and by UK Finance. The latter regularly issues this data in publications such as its Annual Fraud Report: in 2021 for instance, UK Finance recorded gross annual losses of roughly £583 million, an increase of 39% by value over 2020, of which roughly £271 million (46%) was returned to victims. Due to changes in how APP scams are identified and reported, UK Finance note that data for years prior to 2020 is not directly comparable. More comprehensive data on APP scams can be found in UK Finance’s 2022 Fraud Report:</p><p> </p><p><a href="http://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/annual-fraud-report-2022" target="_blank">www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/annual-fraud-report-2022</a></p><p> </p><p>More specific data regarding the impact of APP scams on individual payment service providers does not usually form a part of these publications. However, as detailed in its 2021 consultation on APP scams, the PSR has proposed requiring the 12 largest groups of UK payment service providers (including the main High Street banks) to publish a balanced scorecard of APP scam data on a six-monthly basis, setting out their individual performance in relation to APP scams. This would include their APP scam rates, their rates of reimbursement for customers scammed, as well as comparative data on the providers receiving APP scam payments. The PSR expect the provision of this data to provide strong reputational incentives on payment service providers to reduce APP scam losses incurred by consumers, both through preventing APP scams and reimbursing those who are scammed. The PSR will respond to this consultation in due course.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 44930 44931 question first answered 20/09/2022 13:31:38 answering member 4874 label Biography information for Andrew Griffith
tabling member	4413 label Biography information for Kirsten Oswald

1504336

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Termination of Employment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many members of staff have left his Department since 12 December 2019.
tabling member constituency	Newport West
tabling member printed	Ruth Jones
uin	46099
answer	answer is ministerial correction date of answer 16/09/2022 answer text As at 6th September 2022, for staff who would be included in HM Treasury’s overall reported full time equivalent headcount figures, there have been 879 leavers between 12/12/2019 and 06/09/2022. answering member constituency Kensington answering member printed Felicity Buchan question first answered 16/09/2022 11:34:27 answering member 4821 label Biography information for Felicity Buchan
tabling member	4716 label Biography information for Ruth Jones