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1464948

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
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 (a) effectiveness of money supply figures (i) six-month real, (ii) M1, (iii) M3, (iv) M4 in determining the state of the economy and (b) potential merits of more or less monetary tightening.
tabling member constituency	Bognor Regis and Littlehampton
tabling member printed	Nick Gibb
uin	6669
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>The Government continually monitors a range of economic indicators and developments to consider the impact of these on businesses and households.</p><p> </p><p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and the assets held in the Asset Purchase Facility (APF). The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2022 10:19:31 answering member 4051 label Biography information for John Glen
tabling member	111 label Biography information for Nick Gibb

1464971

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to help ensure that high street bank branches remain open.
tabling member constituency	Bury North
tabling member printed	James Daly
uin	6961
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>The Government recognises the importance of appropriate access to banking. However, decisions on opening and closing branches are a commercial decision for banks and building societies.</p><p /><p>The largest banks and building societies have been signed up to the Access to Banking Standard since 2017, which commits them to ensure that customers are well informed about branch closures, the bank’s reasons for closure and options for continued access to banking services.</p><p /><p>Guidance from the Financial Conduct Authority also sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and consider possible alternative access arrangements. This ensures that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p /><p>Alternative options for access can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2022 10:16:37 answering member 4051 label Biography information for John Glen
tabling member	4854 label Biography information for James Daly

1465091

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Children: Day Care
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 eligible parents take up tax free childcare.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	6944
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>As a proportion of all families who were eligible for tax-free childcare (TFC) and had qualifying childcare, the estimated take-up rate in the UK in March 2022 was 30%, corresponding to 384,280 families. Across the 2021-22 year, 40% of eligible families (512,415) used TFC.</p><p> </p><p>Take-up of TFC varies by region, as shown below. Use of TFC tends to be greater in regions with higher populations, such as London and South East England. However, over 2021-22 the estimated take-up rate is highest in the South West of England at 49% and lowest in Scotland at 26%.</p><p> </p><p> </p><table><tbody><tr><td><p><strong>Region/Country</strong></p></td><td><p><strong>Estimated no. families eligible for TFC in 2021-22</strong> <strong> </strong></p></td><td><p><strong>No users (and estimated % take up) in March 2022</strong></p></td><td><p><strong>No users (and estimated % take up) in 2021-22</strong></p></td></tr><tr><td><p>United Kingdom</p></td><td><p>1,270,000</p></td><td><p>384,280 (30%)</p></td><td><p>512,415 (40%)</p></td></tr><tr><td><p>England</p></td><td><p>1,070,000</p></td><td><p>336,150 (31%)</p></td><td><p>450,395 (42%)</p></td></tr><tr><td><p>North East</p></td><td><p>40,000</p></td><td><p>13,040 (33%)</p></td><td><p>17,425 (44%)</p></td></tr><tr><td><p>North West</p></td><td><p>140,000</p></td><td><p>50,095 (36%)</p></td><td><p>65,620 (47%)</p></td></tr><tr><td><p>Yorkshire and The Humber</p></td><td><p>100,000</p></td><td><p>33,605 (34%)</p></td><td><p>44,010 (44%)</p></td></tr><tr><td><p>East Midlands</p></td><td><p>90,000</p></td><td><p>30,915 (34%)</p></td><td><p>40,530 (45%)</p></td></tr><tr><td><p>West Midlands</p></td><td><p>100,000</p></td><td><p>33,695 (34%)</p></td><td><p>44,575 (45%)</p></td></tr><tr><td><p>East of England</p></td><td><p>140,000</p></td><td><p>37,755 (27%)</p></td><td><p>51,460 (37%)</p></td></tr><tr><td><p>London</p></td><td><p>170,000</p></td><td><p>39,220 (23%)</p></td><td><p>54,285 (32%)</p></td></tr><tr><td><p>South East</p></td><td><p>200,000</p></td><td><p>61,265 (31%)</p></td><td><p>83,305 (42%)</p></td></tr><tr><td><p>South West</p></td><td><p>100,000</p></td><td><p>36,555 (37%)</p></td><td><p>49,185 (49%)</p></td></tr><tr><td><p>Wales</p></td><td><p>60,000</p></td><td><p>13,575 (23%)</p></td><td><p>17,825 (30%)</p></td></tr><tr><td><p>Scotland</p></td><td><p>110,000</p></td><td><p>22,710 (21%)</p></td><td><p>29,110 (26%)</p></td></tr><tr><td><p>Northern Ireland</p></td><td><p>30,000</p></td><td><p>9,070 (30%)</p></td><td><p>11,050 (37%)</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p> </p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p> </p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke grouped question UIN 6945 question first answered 26/05/2022 13:42:55 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4820 label Biography information for Abena Oppong-Asare

1465092

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Children: Day Care
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will provide a breakdown of the proportion of eligible households that take up tax free childcare in each (a) region and (b) nation of the UK.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	6945
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>As a proportion of all families who were eligible for tax-free childcare (TFC) and had qualifying childcare, the estimated take-up rate in the UK in March 2022 was 30%, corresponding to 384,280 families. Across the 2021-22 year, 40% of eligible families (512,415) used TFC.</p><p> </p><p>Take-up of TFC varies by region, as shown below. Use of TFC tends to be greater in regions with higher populations, such as London and South East England. However, over 2021-22 the estimated take-up rate is highest in the South West of England at 49% and lowest in Scotland at 26%.</p><p> </p><p> </p><table><tbody><tr><td><p><strong>Region/Country</strong></p></td><td><p><strong>Estimated no. families eligible for TFC in 2021-22</strong> <strong> </strong></p></td><td><p><strong>No users (and estimated % take up) in March 2022</strong></p></td><td><p><strong>No users (and estimated % take up) in 2021-22</strong></p></td></tr><tr><td><p>United Kingdom</p></td><td><p>1,270,000</p></td><td><p>384,280 (30%)</p></td><td><p>512,415 (40%)</p></td></tr><tr><td><p>England</p></td><td><p>1,070,000</p></td><td><p>336,150 (31%)</p></td><td><p>450,395 (42%)</p></td></tr><tr><td><p>North East</p></td><td><p>40,000</p></td><td><p>13,040 (33%)</p></td><td><p>17,425 (44%)</p></td></tr><tr><td><p>North West</p></td><td><p>140,000</p></td><td><p>50,095 (36%)</p></td><td><p>65,620 (47%)</p></td></tr><tr><td><p>Yorkshire and The Humber</p></td><td><p>100,000</p></td><td><p>33,605 (34%)</p></td><td><p>44,010 (44%)</p></td></tr><tr><td><p>East Midlands</p></td><td><p>90,000</p></td><td><p>30,915 (34%)</p></td><td><p>40,530 (45%)</p></td></tr><tr><td><p>West Midlands</p></td><td><p>100,000</p></td><td><p>33,695 (34%)</p></td><td><p>44,575 (45%)</p></td></tr><tr><td><p>East of England</p></td><td><p>140,000</p></td><td><p>37,755 (27%)</p></td><td><p>51,460 (37%)</p></td></tr><tr><td><p>London</p></td><td><p>170,000</p></td><td><p>39,220 (23%)</p></td><td><p>54,285 (32%)</p></td></tr><tr><td><p>South East</p></td><td><p>200,000</p></td><td><p>61,265 (31%)</p></td><td><p>83,305 (42%)</p></td></tr><tr><td><p>South West</p></td><td><p>100,000</p></td><td><p>36,555 (37%)</p></td><td><p>49,185 (49%)</p></td></tr><tr><td><p>Wales</p></td><td><p>60,000</p></td><td><p>13,575 (23%)</p></td><td><p>17,825 (30%)</p></td></tr><tr><td><p>Scotland</p></td><td><p>110,000</p></td><td><p>22,710 (21%)</p></td><td><p>29,110 (26%)</p></td></tr><tr><td><p>Northern Ireland</p></td><td><p>30,000</p></td><td><p>9,070 (30%)</p></td><td><p>11,050 (37%)</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p> </p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p> </p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke grouped question UIN 6944 question first answered 26/05/2022 13:42:55 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4820 label Biography information for Abena Oppong-Asare

1465114

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Consumers: Protection
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 impact on UK competitiveness of the Financial Conduct Authority's recently consulted proposals entitled A New Consumer Duty; and what cost benefit analysis he has done of those proposals.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	6751
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>The Government is committed to ensuring that all consumers of financial services are appropriately protected.</p><p> </p><p>That is why the Government legislated in the Financial Services Act 2021 to require the Financial Conduct Authority (FCA) to consult on whether it should make rules, giving regulated financial service providers a duty of care over their customers. This was in response to concerns from Parliamentarians, who wanted to reduce levels of consumer harm in financial services.</p><p> </p><p>In response, the FCA has proposed a new Consumer Duty, which seeks to clarify and raise expectations for the standard of care that should be provided by financial services firms to consumers, and ensure consumers benefit from a higher level of care from financial services firms.</p><p> </p><p>The FCA has published a cost benefit analysis covering its proposed Consumer Duty which is available on its website.</p><p> </p><p>The FCA, as an operationally independent regulator, is responsible for carrying out its Consumer Duty consultation including assessing the potential costs and benefits of the proposals and for making any new rules which it considers appropriate following that consultation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2022 10:23:49 answering member 4051 label Biography information for John Glen
tabling member	4107 label Biography information for Dame Harriett Baldwin

1465115

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services Compensation Scheme: Cost of Living
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 the impact on the cost of living of the twentyfold increase since 2017 in the levy paid by investment managers for the Financial Services Compensation Scheme.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	6752
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>Under the Financial Services and Markets Act 2000 (FSMA), the Financial Conduct Authority (FCA) is responsible for setting the rules of the compensation framework of the Financial Services Compensation Scheme (FSCS) in relation to the levy paid by investment managers.</p><p> </p><p>The FCA recently published a discussion paper <a href="https://www.fca.org.uk/publication/discussion/dp21-5.pdf" target="_blank">DP21/5</a> in December 2021 which explored ways in which aspects of the compensation framework which the FCA is responsible for could be improved. This paper invited responses from stakeholders and those responses are now being considered by the FCA.</p><p> </p><p>The FSCS provides important protection for consumers by allowing them access compensation where a firm has failed. This is important to maintaining overall confidence in the financial system.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2022 10:25:40 answering member 4051 label Biography information for John Glen
tabling member	4107 label Biography information for Dame Harriett Baldwin

1465166

registered interest
date	23/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 May 2022 to Question 1257 on Cryptocurrencies, if he will provide the 2022 estimate for the proportion of UK adults holding money on crypto exchanges who give their reason for buying cryptocurrencies as a gamble to make or lose money.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	6852
answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>The Financial Conduct Authority plan to re-run the UK cryptoassets consumer research later this year.</p><p> </p><p>There is currently no 2022 estimate for the proportion of UK adults holding money on crypto exchanges who give their reason for buying cryptocurrencies as a gamble to make or lose money.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2022 10:21:36 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1464505

registered interest
date	19/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Travel: Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with (a) Cabinet colleagues and (b) insurance providers on helping to ensure that cancer patients are able to access affordable travel insurance.
tabling member constituency	Kingston upon Hull East
tabling member printed	Karl Turner
uin	5391
answer	answer is ministerial correction date of answer 25/05/2022 answer text <p>Ensuring that everyone has access to suitable and affordable financial products and services is a priority for this Government.</p><p> </p><p>The Financial Conduct Authority (FCA) found that some consumers with pre-existing medical conditions, including cancer, faced challenges navigating the travel insurance market. To address this, from April 2021, the FCA requires all firms offering retail travel insurance to signpost consumers to a directory of specialist providers if they are declined cover, offered cover with an exclusion, or charged a significantly higher premium based on their serious pre-existing medical condition.</p><p> </p><p>We continue to work closely with regulators, and stakeholders from the public, private and third sectors on this important issue.</p> answering member constituency Salisbury answering member printed John Glen question first answered 25/05/2022 11:40:06 answering member 4051 label Biography information for John Glen
tabling member	4030 label Biography information for Karl Turner

1464520

registered interest
date	19/05/2022
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 his Department has made of the adequacy of the business mileage allowance in the context of rising fuel and living costs.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	5470
answer	answer is ministerial correction date of answer 24/05/2022 answer text <p>The Government sets Approved Mileage Allowance Payments (AMAPs) to minimise administrative burdens. AMAPs aim to reflect running costs including fuel, servicing and depreciation. Depreciation is estimated to constitute the most significant proportion of the AMAPs.</p><p> </p><p>Employers are not required to use the AMAPs. Instead, they can agree to reimburse the actual cost incurred, where individuals can provide evidence of the expenditure, without an Income Tax or National Insurance charge arising.</p><p> </p><p>Alternatively, they can choose to pay a different mileage rate that better reflects their employees’ circumstances. However, if the payment exceeds the amount due under AMAPs, and this results in a profit for the individual, they will be liable to pay Income Tax and National Insurance contributions on the difference.</p><p> </p><p>The Government keeps this policy under review<strong>.</strong></p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 24/05/2022 12:57:43 answering member 4527 label Biography information for Helen Whately
tabling member	4526 label Biography information for David Warburton

1464542

registered interest
date	19/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuel Oil
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to take steps to support people with off-grid energy, such as oil or propane central heating, in the context of the support provided by the Government to other energy consumers over the last six months.
tabling member constituency	Na h-Eileanan an Iar
tabling member printed	Angus Brendan MacNeil
uin	5373
answer	answer is ministerial correction date of answer 24/05/2022 answer text <p>Off-grid households that are dependent on non-regulated fuels such as heating oil will be eligible for the £200 Energy Bills Support Scheme from Autumn, as long as they are also domestic electricity customers. Since April, households in council bands A-D have also already begun receiving a £150 rebate.</p><p> </p><p>Financial support remains available for heating customers with energy bills, if eligible, through the Warm Home Discount, Winter Fuel Payment and Cold Weather Payment Schemes.</p><p> </p><p>The recently launched Boiler Upgrade Scheme will provide grants of £5,000 for air source heat pumps and biomass boilers, and £6,000 for ground source heat pumps to support households and small businesses wishing to transition to low carbon heating, including buildings in off gas grid areas.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 24/05/2022 12:55:51 answering member 4527 label Biography information for Helen Whately
tabling member	1546 label Biography information for Angus Brendan MacNeil