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1421030

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Access to Cash Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to publish his Department’s response to the Access to cash consultation.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	120950
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Government recognises that cash remains an important part of daily life for millions of people across the UK, and remains committed to legislating to protect access to cash.</p><p> </p><p>From 1 July to 23 September last year, the Government held the Access to Cash Consultation on proposals for new laws to make sure people only need to travel a reasonable distance to pay in or take out cash. The Government’s proposals intend to support the continued use of cash in people’s daily lives and help to enable local businesses to continue accepting cash by ensuring they can access deposit facilities.</p><p> </p><p>The Government received responses to the consultation from a broad range of respondents, including individuals, businesses, and charities.</p><p> </p><p>The Government is carefully considering responses to the consultation as it develops legislation. The Government will set out next steps in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120951 question first answered 16/02/2022 13:52:05 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1421031

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Access to Cash Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals in response to the Access to cash consultation.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	120951
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Government recognises that cash remains an important part of daily life for millions of people across the UK, and remains committed to legislating to protect access to cash.</p><p> </p><p>From 1 July to 23 September last year, the Government held the Access to Cash Consultation on proposals for new laws to make sure people only need to travel a reasonable distance to pay in or take out cash. The Government’s proposals intend to support the continued use of cash in people’s daily lives and help to enable local businesses to continue accepting cash by ensuring they can access deposit facilities.</p><p> </p><p>The Government received responses to the consultation from a broad range of respondents, including individuals, businesses, and charities.</p><p> </p><p>The Government is carefully considering responses to the consultation as it develops legislation. The Government will set out next steps in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120950 question first answered 16/02/2022 13:52:05 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1349514

	registered interest
	date	22/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Rural Areas
	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 to prevent rural bank closures.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	38455
	answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>The decision to close a branch is a commercial issue for banks and building societies and the Government does not intervene in these decisions.</p><p> </p><p>However, the Government firmly believes that the impact of branch closures should be understood, considered and mitigated where possible so that all customers and businesses continue to have access to banking services. That is why the Government continues to be supportive of the Access to Banking Standard which commits firms to ensure customers are well informed about branch closures, the bank’s reasons for closure and options for continued access to banking services.</p><p> </p><p>Alternative options for access include the Post Office, which allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches across the UK. Regarding rural access, the Post Office is required by the Department for Business, Energy and Industrial Strategy to ensure that 95% of the total rural population across the UK is within 3 miles of their nearest Post Office outlet.</p><p> </p><p>In September 2020, the Financial Conduct Authority also published guidance setting out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of a planned closure on their personal and small business customers’ everyday banking and cash access needs, and other relevant branch services and consider possible alternative access arrangements. This will ensure the implementation of closure decisions is undertaken in a way that treats customers fairly.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/09/2021 07:27:25 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1421029

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks
	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 to preserve physical banking provision in the UK.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	120949
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>Treasury ministers and officials engage with Barclays on a variety of issues.</p><p> </p><p>The Government recognises the continued importance of access to banking. However, decisions on opening and closing branches are a commercial issue for banks and building societies.</p><p> </p><p>The largest banks and building societies have been signed up to the Access to Banking Standard since 2017, which commits them to ensure that customers are well informed about branch closures, the bank’s reasons for closure and options for continued access to banking services.</p><p /><p>Guidance from the Financial Conduct Authority also sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and consider possible alternative access arrangements. This ensures that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p /><p>Alternative options for access can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120948 question first answered 16/02/2022 13:58:45 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1421028

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Barclays: Closures
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether officials in his Department have had discussions with representatives of Barclays Bank on its bank closure program.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	120948
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>Treasury ministers and officials engage with Barclays on a variety of issues.</p><p> </p><p>The Government recognises the continued importance of access to banking. However, decisions on opening and closing branches are a commercial issue for banks and building societies.</p><p> </p><p>The largest banks and building societies have been signed up to the Access to Banking Standard since 2017, which commits them to ensure that customers are well informed about branch closures, the bank’s reasons for closure and options for continued access to banking services.</p><p /><p>Guidance from the Financial Conduct Authority also sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and consider possible alternative access arrangements. This ensures that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p /><p>Alternative options for access can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120949 question first answered 16/02/2022 13:58:45 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1456608

	registered interest
	date	31/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit
	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 impact of inflation on the growth in consumer credit borrowing.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	151308
	answer	answer is ministerial correction date of answer 25/04/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of its normal process of policy development. However, it does not routinely forecast the impact of inflation on consumer credit usage.</p><p> </p><p>It is worth noting that the ONS Quarterly National Accounts found that the household debt to income ratio has decreased to 136% in Q4 2021, down from a high of 163% in Q1 2008. Around three quarters of total debt is secured against housing. Unsecured debt as a share of household income is now 32% (Q4 2021), down from its peak of 43% before the financial crisis (Q1 2007).</p><p><strong> </strong></p><p>Retrospective analysis of trends in consumer credit product usage is produced by other organisations, including the Bank of England’s monthly statistical releases on money and credit and the Financial Conduct Authority’s Financial Lives Surveys.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 25/04/2022 13:02:42 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1456609

	registered interest
	date	31/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit
	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 level of reliance on consumer credit borrowing for essential household purchases.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	151309
	answer	answer is ministerial correction date of answer 25/04/2022 answer text <p>Overall, household finances are healthier than before the pandemic and compared to the Global Financial Crisis of 2008.</p><p> </p><p>Households accumulated around £230 billion in additional savings between the start of 2020 and Q3 2021, while total consumer credit borrowing decreased by 11% in the two years to February 2022.</p><p> </p><p>The Government is committed to delivering a well-functioning and sustainable consumer credit market which is able to meet the needs of all consumers.</p><p> </p><p>The Government is also committed to supporting the affordable credit sector. At Budget 2021, the government announced up to £3.8m for a pilot No-Interest Loans Scheme to support vulnerable consumers who would benefit from affordable credit to meet unexpected costs as an alternative to relying on high-cost credit.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 25/04/2022 13:20:16 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1438112

	registered interest
	date	04/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit: Low Incomes
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what forecast her Department has made of potential changes in the use of consumer credit by low-income families over the next 12 months.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	134416
	answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market as part of its normal process of policy development. However, it does not routinely forecast consumer credit usage, including use by low-income households.</p><p> </p><p>Retrospective analysis of trends in consumer credit product usage is produced by other organisations, including the Bank of England’s monthly statistical releases on money and credit and the Financial Conduct Authority’s Financial Lives Surveys.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 14:46:16 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1438113

	registered interest
	date	04/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what forecast his Department has made of the potential change in household debt as a share of household disposable income over the next 12 months.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	134417
	answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>The Office for National Statistics (ONS) produces estimates of household debt in the UK. In the UK as a whole, household debt-to-income was 136.5% in 2021 Q3. This compares to a pre-financial crisis peak of 159% in 2008 Q1.</p><p> </p><p>In their October 2021 forecast, the independent Office for Budget Responsibility (OBR) estimated that household-debt-to-income would fall by 0.6 percentage points in 2022, and remain unchanged during 2023. The OBR will publish an updated forecast on 23 March 2022.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:11:22 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter

1417352

	registered interest
	date	27/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: Advisory Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps she is taking to secure the future of face-to-face debt advice in the UK following the Money and Pension Services’ procurement exercise.
	tabling member constituency	Cynon Valley
	tabling member printed	Beth Winter
	uin	113283
	answer	answer is ministerial correction date of answer 04/02/2022 answer text <p>Supporting people in problem debt is a Government priority. This is why the Government provided recorded levels of funding during the pandemic to the Money and Pensions Service (MaPS) for free-to-client debt advice provision in England.</p><p> </p><p>The Government has also given MaPS a statutory duty to have close regard for vulnerable people and is working closely with MaPS regarding its next steps for local debt advice provision.</p><p> </p><p>MaPS has not recommended a 50% reduction in community-based debt advice funding as part of its commissioning exercise. The evaluation of bids on the regional lot of their commissioning exercise was recently completed. The evaluation revealed concerns that the services being offered would not adequately meet the needs of people in vulnerable circumstances at the scale MaPS had hoped to achieve, or provide value for money. Therefore, MaPS will not be awarding contracts under the regional lot at this time.</p><p> </p><p>The Government is working closely with MaPS to provide further information to the bidders and the sector shortly with regards to its commissioning exercise and next steps.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 113284 question first answered 04/02/2022 12:14:24 answering member 4051 label Biography information for John Glen
	tabling member	4809 label Biography information for Beth Winter