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1006212
registered interest false remove filter
date less than 2018-11-13more like thismore than 2018-11-13
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Trade: Channel Islands more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what estimate his Department has made of the net benefits to the economy of trade with the Channel Islands. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 190821 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-21more like thismore than 2018-11-21
answer text <p>The Channel Islands contribute significantly to UK trade. Specifically, the UK exported services worth £7.2bn, 2.6% of our total service exports, to Guernsey in 2017. As a result, they were the UK’s ninth largest services export market in 2017.</p><p>Additionally, in 2017, the UK imported services worth £4.1bn from Jersey, representing 2.5% of all UK service imports. As such, they were the UK’s ninth largest services import market.</p><p>More widely, the constitutional relationships between the UK and the Channel Islands are historic and highly valued, and there is a constructive working relationship between the UK Government and those jurisdictions.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2018-11-21T14:49:35.49Zmore like thismore than 2018-11-21T14:49:35.49Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1006214
registered interest false remove filter
date less than 2018-11-13more like thismore than 2018-11-13
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect on the financial sector of the UK leaving the EU without a trade deal. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 190823 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-21more like thismore than 2018-11-21
answer text <p>UK and EU negotiators have agreed in principle the terms of the UK’s smooth and orderly exit from the EU, as set out in the Withdrawal Agreement. We have also agreed the broad terms of our future relationship as set out in the outline Political Declaration.</p><p>We will ensure Parliament can make an informed decision and business and citizens have a clear understanding of our future relationship. The Government is undertaking a programme of analysis in support of our EU exit negotiations and preparations. The Government has confirmed that when we bring forward the vote on the final deal, we will ensure that Parliament is presented with the appropriate analysis to make an informed decision. As the Chancellor set out in his letter of 23 August to the chair of the Treasury Select Committee, the analysis will look at the economic and fiscal effects of leaving the EU.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2018-11-21T14:51:34.47Zmore like thismore than 2018-11-21T14:51:34.47Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1038043
registered interest false remove filter
date less than 2019-01-08more like thismore than 2019-01-08
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Situation: Isle of Man more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what assessment he has made of the contribution of the Isle of Man to the UK economy. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 206285 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-01-16more like thismore than 2019-01-16
answer text <p>The Isle of Man contributes significantly to the UK economy. Office for National Statistics data show that in 2016 the UK exported £1.4 billion worth of services to the Isle of Man, and imported £0.4 billion.</p><p> </p><p>The constitutional relationship between the UK and the Isle of Man is historic and highly valued, and there is a constructive working relationship between the UK and Isle of Man Governments.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2019-01-16T13:07:47.84Zmore like thismore than 2019-01-16T13:07:47.84Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1123222
registered interest false remove filter
date less than 2019-04-25more like thismore than 2019-04-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Situation more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, whether the Government's analysis concurs with the finding of credit rating agency DBRS that the UK economy could withstand the UK leaving the EU without a deal with its AAA rating intact. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 247653 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-30more like thismore than 2019-04-30
answer text <p>The government has not assessed the recent report by credit rating agency DBRS. DBRS is an independent organisation. Their analysis and reporting of the UK economy represents their own views.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2019-04-30T16:15:33.193Zmore like thismore than 2019-04-30T16:15:33.193Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1130468
registered interest false remove filter
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Personation: Credit Rating more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what steps he is taking to help ensure the credit ratings of victims of identity fraud are protected. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 261141 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-13more like thismore than 2019-06-13
answer text <p>In 2014, the Government transferred regulatory responsibility for consumer credit from the Office of Fair Trading to the Financial Conduct Authority (FCA), including regulatory responsibility for Credit Reference agencies (CRAs). CRAs are a key part of the credit market and enable lenders to assess whether an individual has the ability to repay any credit that is offered.</p><p>CRAs can advise consumers to add a Notice of correction (of up to 200 words) to their credit report explaining any special circumstances. The content of the Notice should be taken into account alongside the information on the consumer’s report.</p><p>Furthermore, the Credit Industry Fraud Avoidance System (CIFAS) is an independent fraud prevention service which has developed a system used by the credit industry and other organisations to prevent fraud. If a lender believes it may have detected a fraud or attempted fraud, a CIFAS marker may be put on an individual’s credit reference file. No one should be refused credit just because of a CIFAS marker, and these markers are not included in a credit score. It is intended to warn lenders and to protect innocent consumers.</p>
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2019-06-13T13:48:56.527Zmore like thismore than 2019-06-13T13:48:56.527Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1183958
registered interest false remove filter
date less than 2020-03-10more like thismore than 2020-03-10
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Situation: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what steps he is taking to ensure that the UK economy is prepared for the potential effect of covid-19. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 27510 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-03-17more like thismore than 2020-03-17
answer text <p>At Budget 2020 the Chancellor set out a £12 billion package of timely, temporary and targeted measures to support public services, individuals and businesses experiencing economic disruption because of COVID-19. Further information is available here: https://www.gov.uk/government/publications/support-for-those-affected-by-covid-19</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2020-03-17T15:01:00.9Zmore like thismore than 2020-03-17T15:01:00.9Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1278782
registered interest false remove filter
date less than 2021-01-20more like thismore than 2021-01-20
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading HSBC: Hong Kong more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of reports that HSBC (a) expressed support for the National Security Law imposed by China upon Hong Kong and (b) froze bank accounts of pro-democracy campaigners in Hong Kong, in the context of the announcement of the appointment on 18 January 2021 of HSBC's Group Chairman to the Prime Minister’s Business Council to Build Back Better. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 140754 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-01-25more like thismore than 2021-01-25
answer text <p>The Government engages in regular dialogue with businesses in Hong Kong and monitors the operation of the financial sector and its participants on an ongoing basis. Financial institutions operating in Hong Kong do so within a strict legal and regulatory framework.</p><p> </p><p>The Build Back Better Council is being co-chaired by the Prime Minister and the Chancellor. It has 30 members, each appointed to draw together a wide range of leading business expertise from across the British economy, with the aim of working in partnership with government to unlock investment, boost job creation, and level up the whole of the UK.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2021-01-25T17:13:12.703Zmore like thismore than 2021-01-25T17:13:12.703Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1287928
registered interest false remove filter
date less than 2021-02-22more like thismore than 2021-02-22
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Pensions: Uprating more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential effect on defined benefit pension schemes of interest rate reforms to move from RPI to CPIH. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 156279 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-03-01more like thismore than 2021-03-01
answer text <p>On 25 November 2020, the Government and UK Statistics Authority (UKSA) published their response to the consultation on the timing of reform to the Retail Prices Index (RPI). Owing to shortcomings in its calculation, UKSA intends to bring the methods and data sources of the Consumer Prices Index including owner occupiers’ housing costs (CPIH) into RPI.</p><p> </p><p>The Government and UKSA are mindful of the widespread use of RPI in the economy, and, as such, sought views in the consultation on the broader impacts of reform. The Government and UKSA received approximately 550 responses from members of defined benefit (DB) pension schemes whose benefits are linked to RPI.</p><p> </p><p>It is apparent that some DB pension schemes members will be affected by UKSA’s reform. The effect of reform on the members of such schemes will depend on whether their benefits are linked to RPI under the trust deed and rules of the scheme.</p><p> </p><p>The announcement in the response by the Chancellor and UKSA Chair means that reform will not be implemented before 2030. The Government keeps the occupational pensions system under review and will continue to do so.</p><p> </p><p>For further information please see the consultation response at: <a href="https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology" target="_blank">https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology</a>.</p>
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2021-03-01T11:03:21.96Zmore like thismore than 2021-03-01T11:03:21.96Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1314099
registered interest false remove filter
date less than 2021-05-12more like thismore than 2021-05-12
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Currencies more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, for what reason the Manx pound has not been approved for use as legal currency in the UK. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 629 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-05-18more like thismore than 2021-05-18
answer text <p>The Isle of Man is not part of the UK, but is a self-governing dependency of the Crown, and issues its own currency that is governed under Manx law.</p><p>It is also not the case that payment between contracting parties in the UK must necessarily be made using a specified method of payment. It is a matter for the prospective parties to a contract to stipulate whatever form of payment they wish.</p> more like this
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2021-05-18T08:24:44.52Zmore like thismore than 2021-05-18T08:24:44.52Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter
1327941
registered interest false remove filter
date less than 2021-05-25more like thismore than 2021-05-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Central Bank Digital Currencies more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, whether his Department has taken steps toward introducing a central bank digital currency. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 7115 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-05-28more like thismore than 2021-05-28
answer text <p>The UK, like many countries globally, is actively exploring the potential role of central bank digital currencies. The Bank of England published a discussion paper in March 2020, which considered the possibility of a retail central bank digital currency that could be used by households and businesses to make payments.</p><p>At Fintech Week 2021, the Chancellor announced a new Taskforce led by HM Treasury and the Bank of England to lead the UK’s exploration of a central bank digital currency, with separate forums to engage civil society and technology experts throughout. The Taskforce aims to ensure a strategic approach is adopted between the UK authorities as they explore a central bank digital currency, in line with their statutory objectives, and to promote close coordination between them. The Government and the Bank of England have not yet made a decision on whether to introduce a central bank digital currency in the UK, and will engage widely with stakeholders on the benefits, risks and practicalities of doing so.</p>
answering member constituency Salisbury remove filter
answering member printed John Glen more like this
question first answered
less than 2021-05-28T09:50:54.997Zmore like thismore than 2021-05-28T09:50:54.997Z
answering member
4051
label Biography information for John Glen more like this
tabling member
1447
label Biography information for Andrew Rosindell remove filter