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823607

	registered interest
	date	16/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the relationship between the availability of bank branches and the numbers of loans issued to small and medium sized enterprises.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	123068
	answer	answer is ministerial correction date of answer 24/01/2018 answer text <p>The Treasury has no made no such assessments. The decision to open and close branches remains a commercial judgement for banks. However, the impact of closures on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The industry’s Access to Banking Standard, launched in May 2017, commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing, along with the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>99% of personal and 95% of banks’ business customers are now able to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches. At Autumn Budget 2017, my predecessor wrote to the Post Office and UK Finance to ask them to raise public awareness of the banking services available at the Post Office for individuals and SMEs. I look forward to receiving their proposals later this month.</p><p> </p><p>More widely, the Government remains committed to supporting SMEs’ access to the finance they need to grow and expand, and has: established the British Business Bank to make finance markets work better for small businesses; supported challenger banks; introduced a bespoke regime for peer-to-peer lending; and made structural interventions such as the Bank Referral Scheme and the SME credit data sharing scheme.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 123070 question first answered 24/01/2018 13:38:00 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

823609

	registered interest
	date	16/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the relationship between the productivity of small and medium sized enterprises and access to physical banking services.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	123070
	answer	answer is ministerial correction date of answer 24/01/2018 answer text <p>The Treasury has no made no such assessments. The decision to open and close branches remains a commercial judgement for banks. However, the impact of closures on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The industry’s Access to Banking Standard, launched in May 2017, commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing, along with the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>99% of personal and 95% of banks’ business customers are now able to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches. At Autumn Budget 2017, my predecessor wrote to the Post Office and UK Finance to ask them to raise public awareness of the banking services available at the Post Office for individuals and SMEs. I look forward to receiving their proposals later this month.</p><p> </p><p>More widely, the Government remains committed to supporting SMEs’ access to the finance they need to grow and expand, and has: established the British Business Bank to make finance markets work better for small businesses; supported challenger banks; introduced a bespoke regime for peer-to-peer lending; and made structural interventions such as the Bank Referral Scheme and the SME credit data sharing scheme.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 123068 question first answered 24/01/2018 13:38:00 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

827970

	registered interest
	date	22/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cash Dispensing: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will consider the merits of introducing rules to govern the provision of free to use cash machines (a) within a given geographic area and (b) on the basis of per head of population.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	123930
	answer	answer is ministerial correction date of answer 30/01/2018 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with industry, including LINK, to ensure that this access is maintained.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to change the interchange fee rate on consumers or small businesses, including in Scotland. However, the Payment Systems Regulator (PSR), which Government set up as an independent regulator in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users, is monitoring developments within ATM provision, and is conducting ongoing work on the impact that changes may have. The PSR has recently published a summary of their work to date, which can be found at https://www.psr.org.uk/psr-focus/the-UK-ATM-network.</p><p> </p><p>The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>LINK has assured the Government and the PSR that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intends to bolster its Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and has also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 124076 124077 question first answered 30/01/2018 15:44:06 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1019929

	registered interest
	date	04/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when his Department plans to publish its response to the call for evidence on cash and digital payments in the new economy that closed on 5 June 2018.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	198928
	answer	answer is ministerial correction date of answer 10/12/2018 answer text <p>The Call for Evidence produced a wide range of evidence, which requires thoughtful consideration.</p><p> </p><p>We have recently announced that the denominational mix of notes and coins would not change. Response to other matters will be made in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/12/2018 15:13:22 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1077616

	registered interest
	date	26/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the (a) Bank of England, (b) Financial Conduct Authority and (c) Payment Systems Regulator on the availability of access to cash through (i) ATMs and (ii) other means.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	226214
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including both the Payment Systems Regulator and LINK (the scheme that runs the UK’s ATM network), on this topic. For example, last year we conducted a call for evidence on cash and digital payments in the new economy. This explored how the trend from cash to digital payments impacts on different sectors, different regions and different demographics. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The Government established the Payment Systems Regulator with a statutory duty to ensure that payment systems work well for those who use them. As part of this, the PSR regulates LINK and is closely monitoring developments within ATM provision. LINK has committed to maintain the broad geographical coverage of the ATM network in the UK. The PSR has used its powers to hold LINK to account over its commitments and to ensure LINK reports to it on a regular basis.</p><p> </p><p>Government also notes that LINK has commissioned an independent review (chaired by Natalie Ceeney) which is looking at long-term access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 226215 226216 question first answered 04/03/2019 14:12:35 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1077618

	registered interest
	date	26/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if the Government will include in the statutory objectives of the Payment Systems Regulator powers to protect access to cash; and if he will make a statement.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	226215
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including both the Payment Systems Regulator and LINK (the scheme that runs the UK’s ATM network), on this topic. For example, last year we conducted a call for evidence on cash and digital payments in the new economy. This explored how the trend from cash to digital payments impacts on different sectors, different regions and different demographics. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The Government established the Payment Systems Regulator with a statutory duty to ensure that payment systems work well for those who use them. As part of this, the PSR regulates LINK and is closely monitoring developments within ATM provision. LINK has committed to maintain the broad geographical coverage of the ATM network in the UK. The PSR has used its powers to hold LINK to account over its commitments and to ensure LINK reports to it on a regular basis.</p><p> </p><p>Government also notes that LINK has commissioned an independent review (chaired by Natalie Ceeney) which is looking at long-term access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 226214 226216 question first answered 04/03/2019 14:12:35 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1077620

	registered interest
	date	26/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions the Government has had with the Payment Systems Regulator on its review of cash infrastructure; and what the timeframe is for the publication of (a) further details on the review and (b) the review itself.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	226216
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including both the Payment Systems Regulator and LINK (the scheme that runs the UK’s ATM network), on this topic. For example, last year we conducted a call for evidence on cash and digital payments in the new economy. This explored how the trend from cash to digital payments impacts on different sectors, different regions and different demographics. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The Government established the Payment Systems Regulator with a statutory duty to ensure that payment systems work well for those who use them. As part of this, the PSR regulates LINK and is closely monitoring developments within ATM provision. LINK has committed to maintain the broad geographical coverage of the ATM network in the UK. The PSR has used its powers to hold LINK to account over its commitments and to ensure LINK reports to it on a regular basis.</p><p> </p><p>Government also notes that LINK has commissioned an independent review (chaired by Natalie Ceeney) which is looking at long-term access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 226214 226215 question first answered 04/03/2019 14:12:35 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1079574

	registered interest
	date	01/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government has plans to reform the cap on interchange rate fees for card payments introduced in the Interchange Fee Regulation 2016 from a percentage cap to a flat rate of 50p per transaction.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	227415
	answer	answer is ministerial correction date of answer 06/03/2019 answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/03/2019 15:24:01 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

1105165

	registered interest
	date	26/03/2019
	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, what assessment he has made of the implications for his policies of the final report of the Access to cash review published on 6 March 2019; and if he will make a statement.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	237122
	answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry on this topic.</p><p> </p><p>The Treasury initiated a discussion on payment methods at Spring Statement 2018 through a Call for Evidence on Cash &amp; Digital Payments in the New Economy. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics.</p><p> </p><p>The Government welcomes the recent Access to Cash Review, which is an important contribution to the debate on cash and which will help inform our future policy development.</p><p> </p><p>The Government will formally respond to the Call for Evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/04/2019 14:31:09 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

946926

	registered interest
	date	23/07/2018
	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 recent estimate he has made of the (a) average level and (b) total value of personal debt in the UK.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	167408
	answer	answer is ministerial correction date of answer 10/09/2018 answer text <p>The household debt-to-income ratio was 140% in Q1 2018, significantly below its pre-crisis high of 160% in Q1 2008.</p><p> </p><p>The independent Financial Policy Committee was set up by the government to assess and mitigate financial stability risks, including from household debt. The FPC has taken action to ensure against a significant rise in highly indebted households.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/09/2018 12:52:07 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen