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861107

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Shareholders: Sanctions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Mr Chancellor of the Exchequer, what steps she is taking to ensure that funds raised by foreign companies through initial public offerings in London do not finance companies under US and EU sanctions; and if she will make a statement.
	tabling member constituency	Hemel Hempstead
	tabling member printed	Sir Mike Penning
	uin	132256
	answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>The Financial Conduct Authority (FCA) is the competent authority responsible for the UK initial public offering (IPO) process. Companies seeking to admit securities to the Official List must apply to the UK Listing Authority (UKLA), a division of the Financial Conduct Authority.</p><p> </p><p>The UKLA is responsible for assessing the eligibility of any potential issuer and approving the prospectus of any company that wishes to list its securities on the London Stock Exchange. The UKLA can request advice from the Office of Financial Sanctions (OFSI), which is part of HM Treasury, in relation to UN, UK or EU sanctions but responsibility for the admission of companies to the Official List lies with the UKLA.</p><p> </p><p>OFSI assesses all reported suspected breaches of UN, EU or UK financial sanctions to determine whether a breach has occurred and if so, the extent of any breach before taking action. OFSI refers the most serious cases to the National Crime Agency (&quot;NCA&quot;) for criminal investigation.</p><p> </p><p>The Office of Foreign Assets Control (OFAC) of the US Treasury Department enforces US economic and trade sanctions. OFSI regularly engages with OFAC on financial sanctions but OFSI has no role in ensuring compliance with or enforcement with US sanctions.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2018 13:14:28 answering member 4051 label Biography information for John Glen
	tabling member	1528 label Biography information for Sir Mike Penning

861123

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Owner Occupation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Mr Chancellor of the Exchequer, pursuant to the Answer of 20 November 2017 to Question 112340 on Owner Occupation, if his Department will take steps to ensure that lenders take into account (a) council tax and (b) rental payments when assessing a borrower's creditworthiness.
	tabling member constituency	Leigh
	tabling member printed	Jo Platt
	uin	132272
	answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The Government believes that it is right that a history of paying rent should be recorded and recognised in tenants’ credit scores and in affordability assessments.</p><p> </p><p>That is why, at the Autumn Budget 2017, the Government announced the Rent Recognition Challenge, a £2m competition challenging the UK’s world-leading technology firms to develop innovative new applications to enable rental tenants to share their rent payment data with lenders and credit reference agencies. The winning applications will be announced shortly.</p><p> </p><p>Data on individuals’ council tax payments are not currently made available to lenders or credit reference agencies by local authorities.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/03/2018 15:03:25 answering member 4051 label Biography information for John Glen
	tabling member	4673 label Biography information for Jo Platt

861051

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	NatWest: Sheffield
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if his Department will meet with representatives of NatWest to discuss the potential effect on that bank's elderly and vulnerable customers of the proposed closure of its Millhouses branch in Sheffield.
	tabling member constituency	Sheffield, Hallam
	tabling member printed	Jared O'Mara
	uin	132200
	answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The decision to open and close a bank branch remains a commercial judgement for banks, which the Government does not intervene in. However, the impact on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The Access to Banking Protocol Standard 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>The independent financial services regulator - the Financial Conduct Authority (FCA) - requires firms to treat their customers fairly, including the elderly and the vulnerable, and has broad and robust powers to enforce breaches of its rules. The FCA’s Handbook requires firms to identify particularly vulnerable customers, and to deal with such customers appropriately.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/03/2018 15:41:06 answering member 4051 label Biography information for John Glen
	tabling member	4661 label Biography information for Jared O'Mara

861045

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Standards
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the report of the Financial Conduct Authority, FCA Mission: Our Future Approach to Consumers, what assessment he has made of the potential merits of introducing a duty of care on financial services firms towards consumers.
	tabling member constituency	Belfast South
	tabling member printed	Emma Little Pengelly
	uin	132194
	answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The government believes that the Financial Conduct Authority (FCA), as the UK’s independent conduct regulator for the financial services industry, is best placed to lead the discussion on the merits of a duty of a care for financial services providers.</p><p> </p><p>The FCA have committed to issuing a Discussion Paper on a duty of care later this year. The Paper will invite contributions from all interested parties on the case for and against a duty of care, what form such a provision might take, and consequential issues arising from adopting it. This will be an open process designed to gather views.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/03/2018 14:59:57 answering member 4051 label Biography information for John Glen
	tabling member	4611 label Biography information for Emma Little Pengelly

861219

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the Written Statement of 13 March 2018, Spring Statement, HCWS 540, if he will publish a list of where the £260 million allocated to HMRC to realise the opportunities from EU exit will be spent.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	132368
	answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>HMRC has been allocated £260m for essential EU exit preparations in 2018-19. This funding will support the department in preparing for departure from the EU, including for new customs arrangements. HMRC will continue to work with HMT as progress is made and keep the department’s requirements under review accordingly. As with all Reserve funding, finalised allocations will be confirmed at Supplementary Estimates 2018-19 in early 2019.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/03/2018 14:01:25 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

861217

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Public Expenditure
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the Written Statement of 13 March 2018, Spring Statement, HCWS 540, if he will publish a list of where the £24.8 million allocated to his Department to realise the opportunities from EU exit will be spent.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	132366
	answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>HM Treasury has been allocated £24.8m for essential EU exit preparations in 2018-19. This will be spent on areas of work including financial services and customs, ensuring that the government delivers an orderly and successful exit from the EU. As with all Reserve funding, finalised allocations will be confirmed at Supplementary Estimates 2018-19 in early 2019.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 16/03/2018 14:17:26 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4397 label Biography information for Peter Dowd

861216

	registered interest
	date	13/03/2018
	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 Mr Chancellor of the Exchequer, whether his Department has had discussions with the Home Office on the re-introduction of the alcohol duty escalator; and if he will make a statement.
	tabling member constituency	Congleton
	tabling member printed	Fiona Bruce
	uin	132365
	answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>Treasury ministers meet regularly with ministers from other departments to discuss a wide range of policy issues.</p><p><strong> </strong>In line with the practice of successive administrations, details of ministerial discussions are not disclosed.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 16/03/2018 14:49:47 answering member 4320 label Biography information for Robert Jenrick
	tabling member	3958 label Biography information for Fiona Bruce

861261

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when HMRC plans to issue revised tax statements to people in receipt of a Mineworkers' Pension who have received incorrect tax information.
	tabling member constituency	Easington
	tabling member printed	Grahame Morris
	uin	132410
	answer	answer is ministerial correction date of answer 21/03/2018 answer text <p>HM Revenue and Customs (HMRC) is aware that members of the Mineworkers Pension scheme were sent incorrect tax statements because inaccurate data was provided to HMRC. They are currently working with the pension provider to correct the position after which revised tax statements will be issued. Nobody will lose out as a result.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 132411 question first answered 21/03/2018 15:19:59 answering member 3935 label Biography information for Mel Stride
	tabling member	3973 label Biography information for Grahame Morris

861109

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Low Incomes
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to encourage people from low-income households to save towards their pensions.
	tabling member constituency	Newcastle upon Tyne North
	tabling member printed	Catherine McKinnell
	uin	132258
	answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>Automatic enrolment has been a success with 9.4 million workers enrolled into workplace pensions since 2012.</p><p>Figures from DWP show that the largest increase in participation has been among eligible low earners, with 63% of these workers in the private sector earning between £10,000 and £19,999 now saving into a workplace pension – an increase of 43 percentage points from 2012. Workplace pension participation among eligible men and women has equalised.</p><p>We want to build on the increase in participation. The minimum contributions required under automatic enrolment will increase from the current 2% of qualifying earnings to 5% in April 2018 and 8% in April 2019. This will help to boost pension savings. DWP’s 2017 review of automatic enrolment set out the Government’s ambitions for future reforms to expand the policy.</p><p>We recognise the importance of financial resilience and have therefore been working to provide low-income households with products that make it easier for them to build savings outside of a pension as well, such as Help to Save and the Lifetime ISA.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2018 11:27:31 answering member 4051 label Biography information for John Glen
	tabling member	4125 label Biography information for Catherine McKinnell

861207

	registered interest
	date	13/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Shareholders: Sanctions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he takes to ensure that funds raised by companies through initial public offerings in London do not finance companies under US and EU sanctions; and if he will make a statement.
	tabling member constituency	Hemel Hempstead
	tabling member printed	Sir Mike Penning
	uin	132356
	answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>I refer the honourable member to the reply I gave on 16 March 2018 to his previous question, no. 132256.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 20/03/2018 16:14:49 answering member 4051 label Biography information for John Glen
	tabling member	1528 label Biography information for Sir Mike Penning