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451182

registered interest
date	08/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Social Security Benefits: EU Nationals
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate the savings to the public purse of the proposed emergency brake on in-work benefits for EU citizens in employment in the UK.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	26266
answer	answer is ministerial correction date of answer 15/02/2016 answer text Details of the proposals for restricting in-work benefits for EU nationals will be subject to further negotiation and we cannot speculate on these. answering member constituency East Hampshire answering member printed Damian Hinds question first answered 15/02/2016 10:07:00 answering member 3969 label Biography information for Damian Hinds
tabling member	1447 label Biography information for Andrew Rosindell

450691

registered interest
date	04/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	EU Budget: South East
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate the value of financial contributions to the EU in 2015 that were attributable to London and the South East of England.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	25848
answer	answer is ministerial correction date of answer 04/05/2016 answer text <p>Contributions to the EU are paid directly from HM Government and thus are not attributable to any one part of the UK.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/05/2016 15:39:58 answering member 1529 label Biography information for Mr David Gauke
tabling member	1447 label Biography information for Andrew Rosindell

449763

registered interest
date	02/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector Debt: China
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the UK's outstanding public debt obligations are to China.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	25447
answer	answer is ministerial correction date of answer 10/02/2016 answer text <p>The majority of the government’s public debt is financed through the issuance of UK government bonds, known as ‘gilts’. Information on sectoral holdings of gilts is published on a quarterly basis by the Office for National Statistics (ONS).</p><p> </p><p>The latest figures show that £426.9 billion of gilts (25.9% of the total stock) is held by overseas investors, of which £73.3 billion is held by foreign central banks. The government does not hold detailed information on the identity of foreign central banks or other individual investors holding these gilts.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 10/02/2016 12:42:32 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1447 label Biography information for Andrew Rosindell

449936

registered interest
date	02/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services Compensation Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate the value of savings held in the UK that are no longer covered under the Financial Services Compensation Scheme as a result of changes implemented in January 2016 under an EU directive on deposit protection units; and if he will make representations to his EU counterparts on reversing the effect of that directive.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	25512
answer	answer is ministerial correction date of answer 10/02/2016 answer text <p>The Deposit Guarantee Scheme Directive (DGSD) is a single market measure to ensure that depositors are entitled to the same level of protection wherever they deposit their money, and that UK firms are not competitively disadvantaged in relation to firms in other European Economic Area (EEA) jurisdictions.</p><p>As a result of the recent strength of the pound in relation to the euro, it was necessary for the Prudential Regulation Authority (PRA) to review the sterling coverage limit. On 31 December 2015, the FSCS coverage limit changed to £75,000 per person, per authorised firm. The vast majority of UK depositors are not directly affected – more than 95% of depositors are still fully protected by the FSCS after this change.</p><p>The Government brought forward legislation to ensure that the deposit protection limit was maintained at £85,000 until 31 December 2015, to ensure those depositors affected had the time to be informed of the change and to take any actions they felt appropriate. In addition, the PRA made new rules to ensure that, until 31 December 2015, depositors with more than £75,000 worth of deposits at a single authorised firm could withdraw those deposits without penalty.</p><p> </p><p>The Government has made representations to the Commission to suggest that the reviews of the coverage level in non-euro states should occur after the Commission completes its review of suitability of the coverage level as a whole and also that changes for non-euro states reflect genuine, very large and lasting changes in exchange rates.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 10/02/2016 13:04:22 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1447 label Biography information for Andrew Rosindell

445443

registered interest
date	18/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Refugees: Syria
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on proposals made by his German counterpart that an EU-wide petrol tax be levied to fund aid for Syrian refugees; and if he will make a statement.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	22904
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The financing system for the EU budget for 2014-2020 was agreed in 2013, when the Prime Minister secured the UK objectives of no new own resources or EU-wide taxes to finance EU spending, and no change to the UK rebate. This House ratified that deal last summer.</p><p>The Government’s position remains unchanged. The UK retains its veto over any proposed change to the financing system for the EU budget, and over any EU tax legislation. The Government will not sign up to anything that undermines the UK's tax sovereignty.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/01/2016 14:43:44 answering member 1529 label Biography information for Mr David Gauke
tabling member	1447 label Biography information for Andrew Rosindell

445445

registered interest
date	18/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Situation: China
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 implementation of the recent economic slowdown in China on his Department's policy on bilateral trade and investment with that country.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	22906
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The Treasury continuously monitors global economic developments, including those in China, and their impact on the UK as part of the normal process of policy development.</p><br /><p>The Chancellor has warned that “last year was the worst for global growth since the crash and this year opens with a dangerous cocktail of new threats from around the world.” As one of the most open trading economies in the world with a large financial sector, we have to recognise that the UK is not immune to the continued problems being experienced in the world economy.</p><br /><p>We should not let this put us off engaging with China. As the Chancellor said while leading the UK’s Economic and Financial Dialogue with China in September 2015, both countries: “have a shared commitment to laying the foundations for stronger, more productive economies that can weather periods of uncertainty. At the same time, we need to continue to pursue the longer-term reform challenges that both our governments are pursuing.”</p><br /><p>The UK’s exports to China have grown rapidly; since 2010, exports of UK goods to China have grown by over 90%. Even if China’s GDP growth slows to 5%, it will still add an economy the size of France to global GDP by 2020. This is well below the central scenario: the IMF forecasts China’s GDP growth to average 6.2% over the next 5 years.</p><br /> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 26/01/2016 17:15:03 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1447 label Biography information for Andrew Rosindell

443838

registered interest
date	11/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that any extra workload due to plans to require the filing of quarterly tax returns by small businesses does not reduce profits and productivity for such small businesses.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21985
answer	answer is ministerial correction date of answer 19/01/2016 answer text <p>I refer the honourable Members to my response of 11 January 2016 (with references <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-04/20876/" target="_blank">20876</a> and <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-05/21032/" target="_blank">21032</a>).</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 21850 21851 question first answered 19/01/2016 17:01:45 answering member 1529 label Biography information for Mr David Gauke
tabling member	1447 label Biography information for Andrew Rosindell

442851

registered interest
date	06/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Affordable Housing: Greater London
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 the affordability of homes in the Greater London area for people under the age of 30.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21185
answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>The Government is committed to making the aspiration of home ownership a reality for as many households as possible. At the Spending Review the Government announced a series of measures which will help people under 30 in Greater London and elsewhere become homeowners.</p><br /><p>These include plans to deliver 200,000 Starter Homes to be sold at a 20% discount to first time buyers under 40 and 135,000 Help to Buy: Shared Ownership homes. Government also announced that it will introduce London Help to Buy, increasing the value of Help to Buy equity loans in London to 40% from 25%, as well as extending the Help to Buy: Equity Loan scheme for a further year to 2021. These schemes are also supported by the recently launched Help to Buy: ISA, through which the Government tops up mortgage deposit savings for first time buyers by up to £3,000.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 14/01/2016 17:45:11 answering member 1526 label Biography information for Greg Hands
tabling member	1447 label Biography information for Andrew Rosindell

442857

registered interest
date	06/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Interest Rates
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 (a) potential effect on the UK economy of the decision by the US Federal Reserve to raise US interest rates and (b) potential effect of this decision on interest rates in the UK.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21189
answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>Higher US interest rates are a sign of confidence in the US economy, whose strong recovery has supported demand as the world’s largest economy and UK’s closest economic and financial partner. The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee. Decisions on setting Bank Rate are for the judgement of the MPC.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/01/2016 16:21:53 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1447 label Biography information for Andrew Rosindell

442858

registered interest
date	06/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Overseas Trade: Switzerland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the value of trade between the UK and Switzerland was in (a) 2014 and (b) 2015; and if he will make a statement.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	21190
answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>The UK had a trade surplus with Switzerland in 2014 of £10.3bn. The value of total UK exports to Switzerland in 2014 was £21.6bn, and the value of UK imports from Switzerland was £11.3bn.</p><br /><p>Latest available data for 2015 shows that the UK had a trade surplus of £5.6bn with Switzerland in the first three quarters of 2015, with total exports of £14.4bn and imports of £8.9bn.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/01/2016 16:23:08 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1447 label Biography information for Andrew Rosindell