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31321
registered interest false more like this
date remove maximum value filtermore like thismore than 2014-01-07
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name
answering dept sort name
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what discussions he has had with UKAR regarding the potential effect on customers of a rise in interest rates. more like this
tabling member constituency Kilmarnock and Loudoun more like this
tabling member printed
Cathy Jamieson more like this
uin 182195 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-13more like thismore than 2014-05-13
answer text <p>This Government's long term economic plan has kept interest rates at record lows for hardworking people across the country.</p><p> </p><p>Many lenders impose affordability stress tests on their mortgage lending decisions to ensure that the mortgage will remain affordable should interest rates rise. The Financial Conduct Authority's Mortgage Market Review rules, which came into force in April this year will require all mortgage lenders to conduct such a stress test.</p><p> </p><p>Although UKAR does not engage in new lending, UKAR runs a range of modelling scenarios to understand the potential effects of interest rate rises on customers. This work helps UKAR to identify customers who may be susceptible to higher interest rates and to engage with such customers at an early stage.</p><p> </p><p>UKAR assists all customers who wish to switch mortgage providers.</p><p> </p><p>NRAM and Bradford and Bingley are managed by UK Asset Resolution Limited (UKAR) which was established in 2010 to manage the disposal and rundown of outstanding assets at Bradford &amp; Bingley and Northern Rock Asset Management in an integrated way, with a view to creating value for the taxpayer. UKAR is managed at arm's length from Government, on commercial principles.</p><p> </p><p>It is therefore not for the Chancellor to discuss detailed commercial matters with UKAR.</p><p> </p>
answering member constituency South Northamptonshire more like this
answering member printed Andrea Leadsom more like this
grouped question UIN 182196 more like this
question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
answering member
4117
label Biography information for Andrea Leadsom more like this
tabling member
4011
label Biography information for Cathy Jamieson more like this
31322
registered interest false more like this
date remove maximum value filtermore like thismore than 2014-01-07
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name
answering dept sort name
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of an interest rate rise on customers whose mortgages are held by UKAR; and what support is available to assist such customers to switch providers. more like this
tabling member constituency Kilmarnock and Loudoun more like this
tabling member printed
Cathy Jamieson more like this
uin 182196 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-13more like thismore than 2014-05-13
answer text <p>This Government's long term economic plan has kept interest rates at record lows for hardworking people across the country.</p><p> </p><p>Many lenders impose affordability stress tests on their mortgage lending decisions to ensure that the mortgage will remain affordable should interest rates rise. The Financial Conduct Authority's Mortgage Market Review rules, which came into force in April this year will require all mortgage lenders to conduct such a stress test.</p><p> </p><p>Although UKAR does not engage in new lending, UKAR runs a range of modelling scenarios to understand the potential effects of interest rate rises on customers. This work helps UKAR to identify customers who may be susceptible to higher interest rates and to engage with such customers at an early stage.</p><p> </p><p>UKAR assists all customers who wish to switch mortgage providers.</p><p> </p><p>NRAM and Bradford and Bingley are managed by UK Asset Resolution Limited (UKAR) which was established in 2010 to manage the disposal and rundown of outstanding assets at Bradford &amp; Bingley and Northern Rock Asset Management in an integrated way, with a view to creating value for the taxpayer. UKAR is managed at arm's length from Government, on commercial principles.</p><p> </p><p>It is therefore not for the Chancellor to discuss detailed commercial matters with UKAR.</p><p> </p>
answering member constituency South Northamptonshire more like this
answering member printed Andrea Leadsom more like this
grouped question UIN 182195 more like this
question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
answering member
4117
label Biography information for Andrea Leadsom more like this
tabling member
4011
label Biography information for Cathy Jamieson more like this
25299
registered interest false more like this
date less than 2013-11-19more like thismore than 2013-11-19
answering body
Department for Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name
answering dept sort name
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Communities and Local Government, what the cost of travel within the UK was for his Department in each year since 2010; and how much of this was spent on (a) hire cars, (b) helicopter hire, (c) hotel accommodation and (d) subsistence. more like this
tabling member constituency Islwyn more like this
tabling member printed
Chris Evans more like this
uin 176826 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-04-07more like thismore than 2014-04-07
answer text <p> </p><p><em>Role of the Department</em></p><p>Reflecting our responsibilities for local government, housing, planning and communities across England, the work of the Department involves staff travelling to different parts of the country.</p><p>Improved procurement has reduced our average domestic hotel rate in the UK by 8% between 2009-10 and 2012-13. Moreover, domestic flights for longer journeys can avoid the need for paying for staff to stay in a hotel overnight.</p><p>Since 2011-12, the Department accepted responsibility for some new functions outside of London, including residual functions following the closure of the Government Offices for the Regions and then oversight of the European Regional Development Fund following the abolition of the Regional Development Agencies. As these business functions relate to work in areas outside of London and to the European Commission, this has therefore increased our travel spend compared to the base of 2010-11. However, this is far more than offset by the very significant savings to taxpayers of the abolition of these regional bodies.</p><p>Based on current estimates (which reflect accounting consequences from machinery of government changes) the DCLG Group is reducing its annual running costs by around 40% in real terms between 2010-11 and 2014-15. This equates to net savings of at least £532 million over this spending review period and includes savings of around £420 million from the closure of the Government Offices for the Regions.</p><p>In addition to this, I note that the Regional Development Agencies were spending in the region of £246 million a year on administration (as cited in 11 March 2009, <em>Official Report</em>, Column 592W).</p><p><em>Spending data</em></p><p>The tables below list spending on travel by financial year. Figures for 2009-10 are from July 2009, as this is when the department's current approved travel agent contract commenced; those figures are therefore only for three-quarters of the financial year, and the full year is likely to be proportionately higher.</p><p> </p><table><thead><tr><td> </td><td><p><em>Overseas Travel</em></p></td><td><p><em>Overseas Accommodation</em></p></td><td><p><em>Overseas Subsistence</em></p></td><td><p><em>Total</em></p></td></tr></thead><tbody><tr><td><p>July 2009 - March 10</p></td><td><p>£408,621</p></td><td><p>£19,847</p></td><td><p>£79,574</p></td><td><p>£508,042 (part-year)</p></td></tr><tr><td><p>2010-11</p></td><td><p>£56,304</p></td><td><p>£21,759</p></td><td><p>£27,798</p></td><td><p>£105,861</p></td></tr><tr><td><p>2011-12</p></td><td><p>£69,463</p></td><td><p>£21,204</p></td><td><p>£19,946</p></td><td><p>£110,613</p></td></tr><tr><td><p>2012-13</p></td><td><p>£78,474</p></td><td><p>£29,224</p></td><td><p>£21,911</p></td><td><p>£129,609</p></td></tr></tbody></table><p> </p><table><thead><tr><td> </td><td><p><em>UK Travel</em></p></td><td><p><em>UK Accommodation</em></p></td><td><p><em>UK Subsistence</em></p></td><td><p><em>Total</em></p></td></tr></thead><tbody><tr><td><p>July 2009 - March 10</p></td><td><p>£621,028</p></td><td><p>£309,260</p></td><td><p>£174,888</p></td><td><p>£1,105,176 (part-year)</p></td></tr><tr><td><p>2010-11</p></td><td><p>£434,467</p></td><td><p>£199,563</p></td><td><p>£81,315</p></td><td><p>£715,345</p></td></tr><tr><td><p>2011-12</p></td><td><p>£980,307</p></td><td><p>£162,544</p></td><td><p>£71,913</p></td><td><p>£1,214,764</p></td></tr><tr><td><p>2012-13</p></td><td><p>£1,030,710</p></td><td><p>£166,149</p></td><td><p>£74,424</p></td><td><p>£1,271,283</p></td></tr></tbody></table><p>Explanatory notes:</p><p>- Overseas subsistence costs can include accommodation, meals and travel tickets purchased locally.</p><p>- The costs of internal travel abroad are not routinely recorded in the form requested and this information could only be provided at a disproportionate cost.</p><p>- Data on cost per trip is not centrally held in the form requested.</p><p>- For car hire, the data from our finance systems do not separate out expenditure for domestic and international car hire and this could only be provided at disproportionate cost.</p><p>- For helicopter hire, our records show that the Department has incurred no expenditure on this since 2010-11.</p><p>- Figures contained in this answer may differ from previous answers to Parliamentary Questions, as the data extracts have been re-run and reflect ongoing accruals and data. Delays in billing or crediting transactions can sometimes have an effect on the spend data between the financial years.</p><p>Taken in the whole, we have reduced overall travel spending compared to the last Administration, and delivered substantive savings for taxpayers' from the abolition of regional government in England.</p><p> </p>
answering member constituency Great Yarmouth more like this
answering member printed Brandon Lewis more like this
grouped question UIN 175475 more like this
question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
answering member
4009
label Biography information for Sir Brandon Lewis more like this
tabling member
4040
label Biography information for Chris Evans more like this