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1149409

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Football Pools: Excise Duties
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 potential merits of reducing pool betting duty to 10 per cent.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	487
answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>No recent estimate has been made. Reducing Pool Betting Duty to 10% is likely to have a negligible effect on the Football Pools, but could put revenue at risk particularly through incentivising switching of products from fixed odds bets to pooled bets.</p><p> </p><p>HM Treasury however keeps all taxes under active review.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 22/10/2019 12:44:30 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	1565 label Biography information for Sir Philip Davies

1149426

registered interest
date	15/10/2019
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, what assessment he has made of the effect of the Financial Conduct Authority’s proposed ban of cryptoasset investment products for retail investors on (a) Revolut and (b) other challenger banks that offer products linked to cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	491
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The Financial Conduct Authority (FCA) made a commitment to consult on the potential prohibition of the sale to retail consumers of derivatives referencing certain types of cryptoassets in the final report of the Cryptoasset Taskforce, comprised of HM Treasury, the Bank of England and the Financial Conduct Authority, in October 2018.</p><p> </p><p>The final decision on this consultation is a matter for the Financial Conduct Authority (FCA), which is operationally independent from government.</p><p> </p><p>The government continues to endorse the approach set out in that the Cryptoasset Taskforce report as the right way to facilitate innovation while protecting consumers and firms.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 494 499 question first answered 21/10/2019 15:19:06 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149427

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
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 potential merits of the recommendations of the Cryptoassets Taskforce's 2018 report in relation to enabling innovators in the financial sector that play by the rules to thrive.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	492
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>In October 2018 HM Treasury, the Bank of England and the Financial Conduct Authority (FCA) released the final report of the Cryptoasset Taskforce.</p><p>The government continues to endorse the approach set out in the report, including its recommendations, as the right way to facilitate innovation while protecting consumers and firms. To date, a number of steps have been taken to implement the report’s recommendations, with others to follow.</p><p>For instance, the FCA has consulted and issued final guidance on the regulatory perimeter in relation to cryptoassets, and HMT has consulted on the transposition of the 5<sup>th</sup> Anti-Money Laundering Directive (5AMLD).</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/10/2019 14:54:05 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149428

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether issuers of Exchange Traded Notes are required to comply with (a) the EU Prospectus Directive, (b) Listing Rules for the NASDNAQ and (c) Nordic Growth Markets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	493
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>With a limited number of exemptions, issuers of exchange traded notes (ETNs) in the UK are obliged to produce a prospectus under the Prospectus Regulation – which replaced the Prospectus Directive from 21 July 2019 – when offering ETNs to the public or admitting them to trading on a regulated market in the UK.</p><p>Issuers looking to admit securities, including ETNs, to trading on an exchange in another jurisdiction – including NASDAQ and the Nordic Growth Markets - must also comply with the admission requirements and rules of that jurisdiction.</p><p> </p><p>The Government is committed to ensuring that the UK remains the best place in the world for FinTech.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 495 question first answered 21/10/2019 14:59:32 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149429

registered interest
date	15/10/2019
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, what assessment he has made of the effect on the UK’s status as a FinTech hub of the proposals by the Financial Conduct Authority to ban the sale of cryptoasset investment products for retail investors.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	494
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The Financial Conduct Authority (FCA) made a commitment to consult on the potential prohibition of the sale to retail consumers of derivatives referencing certain types of cryptoassets in the final report of the Cryptoasset Taskforce, comprised of HM Treasury, the Bank of England and the Financial Conduct Authority, in October 2018.</p><p> </p><p>The final decision on this consultation is a matter for the Financial Conduct Authority (FCA), which is operationally independent from government.</p><p> </p><p>The government continues to endorse the approach set out in that the Cryptoasset Taskforce report as the right way to facilitate innovation while protecting consumers and firms.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 491 499 question first answered 21/10/2019 15:19:06 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149430

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fnancial Services
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 effect on the UK’s status as a FinTech hub of innovative Exchange Traded Notes issuers (a) remaining and (b) establishing operations in the UK.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	495
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>With a limited number of exemptions, issuers of exchange traded notes (ETNs) in the UK are obliged to produce a prospectus under the Prospectus Regulation – which replaced the Prospectus Directive from 21 July 2019 – when offering ETNs to the public or admitting them to trading on a regulated market in the UK.</p><p>Issuers looking to admit securities, including ETNs, to trading on an exchange in another jurisdiction – including NASDAQ and the Nordic Growth Markets - must also comply with the admission requirements and rules of that jurisdiction.</p><p> </p><p>The Government is committed to ensuring that the UK remains the best place in the world for FinTech.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 493 question first answered 21/10/2019 14:59:32 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149432

registered interest
date	15/10/2019
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, what the evidential basis was for the Financial Conduct Authority statement in its consultation that Exchange Traded Notes that reference cryptoassets present risks to investors that are similar to Contract for Difference products which reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	497
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 490 496 498 500 948 question first answered 21/10/2019 15:14:18 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149023

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Wind Power
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of blades on wind turbines are (a) recycled and (b) sent to landfill at the end of their lifespan.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	122
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>The Department does not hold this information.</p><p> </p><p>Onshore windfarms are generally expected to decommission or repower from the mid 2020s onwards and offshore windfarms from the 2030s onwards.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 17/10/2019 14:41:04 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	1565 label Biography information for Sir Philip Davies

1149024

registered interest
date	14/10/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Schools: Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what the (a) annual income and (b) annual payment for a PFI scheme was for each school in the Bradford district in the last year for which figures are available.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	123
answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>​The information requested regarding annual income refers to third party income earned in respect of a private finance initiative (PFI) contract. Information on third party income for any PFI scheme is not held by the Department. This information may be available directly from the local authority.</p><p>The annual payment (or unitary charge) is not available for individual schools as there is one unitary charge payment for each PFI project which may contain multiple schools.</p><p>Information on PFI projects as at March 2018 is published by HM Treasury and includes details of the unitary charge for all education PFI schemes. This is available at: <a href="https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data</a>.</p><p> </p><p>​</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 22/10/2019 15:19:30 answering member 111 label Biography information for Nick Gibb
tabling member	1565 label Biography information for Sir Philip Davies

1147917

registered interest
date	02/10/2019
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Shipley
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how many and what proportion of people in Shipley constituency have (a) opted out after being auto-enrolled into a workplace pension and (b) saved more than the auto-enrolment minimum contribution.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	293501
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Automatic enrolment has achieved a quiet revolution through getting employees into the habit of pension saving, and reversing the decline in workplace pension participation in the decade prior to these reforms. Since automatic enrolment started in 2012 participation rates have been transformed with 87% of eligible employees saving into a workplace pension in 2018, up from 55% in 2012.</p><p> </p><p>The Department does not hold data for individual constituencies in relation to opt outs or the number of individuals who have saved above the automatic enrolment minimum contribution level. However, we do know that overall around 9% of automatically enrolled workers have chosen to opt out which is significantly below original estimates; and our latest evaluation report shows that, in April 2017, approximately 5.9 million eligible employees were already meeting the April 2019 minimum contribution rates.</p><p> </p><p>I am providing the following information about the impact of automatic enrolment in your constituency, as of August 2019:</p><p> </p><p>In the Shipley constituency, since 2012, approximately 9,000 eligible jobholders have been automatically enrolled and 1,590 employers have met their duties.</p><p> </p><p>Automatic Enrolment Evaluation Report 2018, available via the following weblink: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf</a>.</p><p>https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests</p><p>The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink:<a href="https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests" target="_blank">https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests</a>.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 08/10/2019 10:56:16 answering member 4142 label Biography information for Guy Opperman
tabling member	1565 label Biography information for Sir Philip Davies