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808796

	registered interest
	date	18/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cash Dispensing: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of the proposal by the LINK network of AGM providers to reduce interchange fees on (a) consumers, (b) small business and (c) high streets and (d) access to cash for customers; whether his Department has made an assessment of the combined effect of that proposal with a reduction in the availability of banks on (i) consumers and (ii) businesses; and what progress has been made on the commitment he gave in his evidence to the House of Lords Exclusion Committee on engaging with the LINK network and its members to ensure that widespread free access to cash is maintained.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	119905
	answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to work with industry to ensure that this access continues. Since 1998, the number of free to use ATMs has more than doubled, from 24,600 to over 53,000.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to reduce interchange fees in isolation, or in combination with bank branch closures. However, the Payment Systems Regulator (PSR), which Government set up in 2015 with the statutory objective to ensure that the UK’s payment systems work in the interests of their users is monitoring developments within ATM provision, and is conducting ongoing internal work on the impact that changes may have on ATM provision. Government is confident that the PSR will use its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>The Government is engaging regularly with LINK and its members, and they have assured us that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intend to bolster their Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and have recently also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM. The Government expects this additional commitment to be of particular benefit to rural areas.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 119978 120174 question first answered 21/12/2017 11:53:32 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

784767

	registered interest
	date	06/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Loans
	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 proportion of (a) businesses whose lending and (b) funds lent to businesses which is regulated by the Financial Conduct Authority.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111702
	answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111703 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

784768

	registered interest
	date	06/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Conduct Authority
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has to extend the business lending element of the regulatory framework of the Financial Conduct Authority; and if he will make a statement.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111703
	answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111702 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

782643

	registered interest
	date	02/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Global Restructuring Group
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the oral evidence given by Andrew Bailey of the Financial Conduct Authority before the Treasury Select Committee on 31 October 2017, if he will make an assessment of the robustness of the methodology adopted by Global Restructuring Group in its valuation of businesses and determination of fees.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111069
	answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published an interim summary of its independent review of the Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111070 question first answered 07/11/2017 16:44:57 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

782644

	registered interest
	date	02/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Global Restructuring Group
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the oral evidence given by Andrew Bailey of the Financial Conduct Authority before the Treasury Select Committee on 31 October 2017, if he will take steps to ensure that the FCA publishes its analysis of the methodology adopted by Global Restructuring Group in its valuation of businesses and determination of fees.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111070
	answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published an interim summary of its independent review of the Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111069 question first answered 07/11/2017 16:44:57 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

808883

	registered interest
	date	18/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Banks: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an estimate of the amount of money that would have been raised for the public purse if the bankers' bonus tax had been retained in each year since 2010; and if he will make a statement.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	119992
	answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The bank payroll tax applied only to banking bonuses awarded between December 2009 and April 2010. The last Labour Chancellor conceded that it could not be repeated without significant tax avoidance.</p><p> </p><p>Bank specific tax measures introduced by the Conservative government since the bank payroll tax include the bank levy, an additional 8% surcharge on banking profits, making misconduct compensation non-deductible and restricting the amount of carry-forward losses. All these changes mean that we will have raised more than £44 billion in additional bank taxes by 2023.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/12/2017 14:48:44 answering member 3935 label Biography information for Mel Stride
	tabling member	4061 label Biography information for Bill Esterson

789231

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111345, on bank services: small businesses, what representations he has received from business organisations on the (a) accessibility of full banking services for small and medium-sized enterprises when their bank branch closes and (b) suitability of the Post Office counter network for business banking.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113143
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Treasury Ministers and officials receive representations from a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>The Access to Banking Standard, launched in May 2017, commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing, along with the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>95% of banks’ business customers are now able to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches. Government will have provided nearly £2 billion during the period 2011 to 2018 to maintain and modernise the Post Office network.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 20/11/2017 15:32:47 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

789229

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Royal Bank of Scotland: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111358, on the Royal Bank of Scotland: small businesses, what representations he has received from business organisations on the date for publication of the further report of the Financial Conduct Authority on Royal Bank of Scotland's treatment of small and medium-sized enterprises.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113141
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Treasury Ministers and officials communicate with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. The Financial Conduct Authority (FCA) has published an interim summary of the independent review of Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the review and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 20/11/2017 15:31:20 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

789230

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Research and Development Expenditure Credit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111380, on small businesses: technology, what recent representations he has received from business organisations on the use of research development tax credits and the effectiveness of those tax credits in supporting business growth and job creation.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113142
	answer	answer is ministerial correction date of answer 21/11/2017 answer text <p>The government regularly receives representations from a wide variety of businesses and business groups on Research and Development (R&amp;D) tax credits. In particular, the government engaged with many organisations to inform the recent review of the R&amp;D tax environment. At Spring Budget 2017, the government announced that this review had found R&amp;D tax credits to be an effective and internationally competitive element of the government's support for innovative businesses.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2017 17:10:50 answering member 3935 label Biography information for Mel Stride
	tabling member	4061 label Biography information for Bill Esterson

789228

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Charities: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 112174, on charities: VAT, what recent representations he has received from (a) business and (b) charity organisations on exempting trading subsidiaries of charities from the Government's Making Tax Digital scheme.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113140
	answer	answer is ministerial correction date of answer 21/11/2017 answer text <p>The 2016 consultation on Making Tax Digital examined whether exempting trading subsidiaries of charities from Making Tax Digital was appropriate. Responses were divided with many respondents arguing that charities who are trading should be treated in the same way as any other trading company.</p><p> </p><p>Further information in the consultation document (page 52) and consultation response document (page 44) can be found here:</p><p><a href="https://www.gov.uk/government/consultations/making-tax-digital-bringing-business-tax-into-the-digital-age" target="_blank">https://www.gov.uk/government/consultations/making-tax-digital-bringing-business-tax-into-the-digital-age</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2017 17:13:02 answering member 3935 label Biography information for Mel Stride
	tabling member	4061 label Biography information for Bill Esterson