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1652447

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies: Public Consultation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he expects to publish the findings of the consultation on the digital pound.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193753
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193754 193755 193756 193757 193758 193759 question first answered 17/07/2023 11:45:11 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1652449

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to help ensure that the (a) the Welsh Government and (b) stakeholders representing those who rely on access to cash are engaged through the (i) Central Bank Digital Taskforce, (ii) the Central Bank Digital Currency Engagement Forum and (iii) The Central Bank Digital Currency technology forum on issues relating to a Central Bank Digital Currency.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193754
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193753 193755 193756 193757 193758 193759 question first answered 17/07/2023 11:45:11 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1652450

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with his counterparts in the Welsh Government on the potential implications of a Central Bank Digital Currency on Welsh citizens in the context of (a) areas with poor digital connectivity and (b) Wales’ age demographics.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193755
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193753 193754 193756 193757 193758 193759 question first answered 17/07/2023 11:45:11 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1652453

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking ensure that stakeholders who (a) rely on cash and (b) choose to use cash are engaged in the next steps following the publication of the Government’s response to the consultation on the digital pound.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193756
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193753 193754 193755 193757 193758 193759 question first answered 17/07/2023 11:45:11 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1652454

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy that a Central Bank Digital Currency will not be rolled out until all (a) households and (b) businesses in Wales have the ability to access a stable internet connection.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193757
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193753 193754 193755 193756 193758 193759 question first answered 17/07/2023 11:45:11 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1652455

registered interest
date	12/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether any costs will be associated with accessing the proposed Central Bank Digital Currency; and if he will make a statement.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193758
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>HM Treasury and the Bank of England judge that a UK central bank digital currency (CBDC), the “digital pound”, is likely to be needed in the future. However, a final decision on its introduction has not yet been made and will be informed by public consultation and future work.</p><p> </p><p>On 7 February 2023, HM Treasury and the Bank of England published a joint consultation paper setting out analysis on the case for the digital pound and consulting on the key features of a potential model. The consultation closed on 30 June, and we are now assessing the responses. We are committed to being transparent about the views and issues raised by respondents and we will publish a consultation response publication in due course.</p><p> </p><p>As we enter the design phase of work following the closure of the consultation, HM Treasury and the Bank of England will continue to engage with a wide range of stakeholders across the United Kingdom, including with civil society groups and consumer representatives, on the digital pound proposal and as part of our efforts to have an open and national conversation about the future of our money.</p><p> </p><p>The CBDC Engagement Forum consists of senior stakeholders from industry, civil society including consumer groups, and academia to gather strategic input on policy considerations and functional requirements pertaining to the digital pound. The Forum will continue to play an important role in the design phase, helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a digital pound. The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum helps the Bank to understand the technological challenges of designing, implementing and operating a digital pound. The membership of these Forums is available on the Bank of England website.</p><p> </p><p>The digital pound would sit alongside cash, not replace cash, and would be subject to rigorous standards of privacy and data protection. UK authorities remain committed to protecting access to cash. In recognition that cash continues to be relied on and used by many people, including vulnerable groups and the elderly, the Government has legislated to protect access to cash across the UK as part of the Financial Services and Markets Act 2023. The Act establishes the Financial Conduct Authority as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>Regarding costs associated with the digital pound, further work will be undertaken through the design phase to evaluate the commercial proposition. The digital pound would be widely accessible to the public, and exist alongside and be easily exchangeable with cash and bank deposits. We would therefore expect there to be no additional costs to consumers accessing a digital pound compared to existing payment methods.</p><p> </p><p>Financial inclusion will continue to be an important consideration for HM Treasury and the Bank as the next phase of work on the digital pound begins. We have consulted and will continue to engage with a wide range of organisations, including those representing vulnerable groups, in order to get their feedback on the proposal. We understand that not everyone has access to a stable internet connection or smartphone, or that some people may find smartphones difficult to use. We are therefore looking at how the digital pound could be delivered through options such as physical cards, in a way that would help to support financial inclusion and accessibility. We will also continue to explore options for offline payments.</p><p>The Government’s ambition is to connect at least 85% of UK premises to gigabit-capable broadband by 2025, and for nationwide connectivity (at least 99%) to be realised by 2030. Project Gigabit is the government’s £5bn programme that will ensure the whole of the UK benefits from gigabit connectivity by providing subsidy to deliver gigabit-capable connectivity to uncommercial premises, which are typically in rural or remote locations. The Government is also ensuring that very hard to reach areas will have access to improved broadband, even where gigabit is not possible, with an £8m fund for new satellite connectivity connecting 35,000 of the most remote premises.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 193753 193754 193755 193756 193757 193759 question first answered 17/07/2023 11:45:12 answering member 4874 label Biography information for Andrew Griffith
tabling member	4630 label Biography information for Ben Lake

1651632

registered interest
date	10/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to uprate the Welsh government’s overall capital borrowing cap in line with inflation.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	193213
answer	answer is ministerial correction date of answer 13/07/2023 answer text <p>The Welsh Government is well-funded to deliver its devolved responsibilities via the Block Grant, receiving a funding premium of around 20% more per person than equivalent UK Government spending in England.</p><p> </p><p>In addition to its Block Grant funding, the Welsh Government already has access to generous borrowing powers to enhance their capital investment and there remains significant headroom within their overall capital borrowing limit of £1 billion.</p><p> </p><p>These capital borrowing powers sit within a wider Fiscal Framework agreed with the Welsh Government. A review of this framework is triggered if the Welsh Government’s funding premium falls to 15%.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 13/07/2023 13:54:02 answering member 4051 label Biography information for John Glen
tabling member	4630 label Biography information for Ben Lake

1650881

registered interest
date	06/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much Barnett formula consequential funding the Welsh Government will receive as a consequence of the additional funding announced in the NHS Long Term Workforce Plan.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	192919
answer	answer is ministerial correction date of answer 11/07/2023 answer text <p>The UK Government is backing the NHS Long Term Workforce Plan with more than £2.4 billion funding in England over the next five years to 2028/29. As such this includes new funding beyond the current Spending Review period.</p><p> </p><p>Funding arrangements for the Welsh Government will continue to apply in the usual way as set out in the published Statement of Funding Policy in respect of the NHS Long Term Workforce Plan.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 11/07/2023 13:00:13 answering member 4051 label Biography information for John Glen
tabling member	4630 label Biography information for Ben Lake

1650962

registered interest
date	06/07/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy Security and Net Zero, whether he plans to take steps to ensure that the prices charged by operators of electric vehicle charging stations reflect changes to the wholesale price of electricity.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	192937
answer	answer is ministerial correction date of answer 12/07/2023 answer text <p>The Government is committed to working with industry to keep costs down and deliver fair electric vehicle charging prices while also ensuring the financial health and attractiveness to investors of the sector . As part of this work, we are introducing regulations to improve the consumer experience across the public charging network. To ensure pricing transparency, these regulations will mandate use of a common pricing metric, allowing consumers to compare prices in a single format.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 12/07/2023 13:05:57 answering member 1482 label Biography information for Graham Stuart
tabling member	4630 label Biography information for Ben Lake

1650355

registered interest
date	05/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Probate
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how long did HMRC take on average to communicate its assessment of (a) the capital gains tax liability and (b) inheritance tax liability of applications associated with probate cases in each of the last 12 months.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	192595
answer	answer is ministerial correction date of answer 13/07/2023 answer text <p>HMRC regularly monitors and assesses the processing times for inheritance tax and all other tax applications as part of its business operation, enabling the department to address any bottlenecks or delays and to improve performance, which may include reallocating resources. Through these measures, HMRC aims to enhance efficiency.</p><p> </p><p>HMRC publishes monthly and quarterly performance data on GOV.UK</p><p> </p><p><a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fcollections%2Fhmrc-monthly-performance-reports&amp;data=05%7C01%7Cdavid.g.piper%40hmrc.gov.uk%7C0f72c1ec121d420a957408db4178b59c%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C638175758910750247%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=wJMIGfkIFClOg3KtFAIjwYa8yYORS2f8nKWhltR0Sdc%3D&amp;reserved=0" target="_blank"><em>https://www.gov.uk/government/collections/hmrc-monthly-performance-reports</em></a><em> </em></p><p><em> </em></p><p><a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fcollections%2Fhmrc-quarterly-performance-updates&amp;data=05%7C01%7Cdavid.g.piper%40hmrc.gov.uk%7C0f72c1ec121d420a957408db4178b59c%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C638175758910750247%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=RUhDuMuJybYahjgWXcgzEmK8C7VY5OV56IFwNizDkXs%3D&amp;reserved=0" target="_blank"><em>https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates</em></a><em> </em></p><p> </p><p><strong> </strong></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 13/07/2023 15:34:00 answering member 4399 label Biography information for Victoria Atkins
tabling member	4630 label Biography information for Ben Lake