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1138909
star this property registered interest false more like this
star this property date less than 2019-07-15more like thismore than 2019-07-15
star this property answering body
Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Personal Savings remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will meet with (a) banks and (b) other financial institutions on recent reports of personal savings accounts with £170 billion and for which no interest is paid. more like this
star this property tabling member constituency East Londonderry remove filter
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 277117 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2019-07-18more like thismore than 2019-07-18
star this property answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including banks and other financial institutions, as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p>Interest rates on savings accounts are set by the institution providing the account. As this is a commercial decision, the Government does not seek to intervene. If a customer is not content with the interest rate they receive, Government encourages them to shop around to find the best savings account for their needs.<p> </p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-18T13:04:01.82Zmore like thismore than 2019-07-18T13:04:01.82Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell remove filter
451184
star this property registered interest false more like this
star this property date less than 2016-02-08more like thismore than 2016-02-08
star this property answering body
HM Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Personal Savings remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential merits of combining the ISA and personal pension systems. more like this
star this property tabling member constituency East Londonderry remove filter
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 26230 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2016-02-11more like thismore than 2016-02-11
star this property answer text <p>The Chancellor of the Exchequer keeps all taxes under review.</p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property question first answered
less than 2016-02-11T13:51:49.757Zmore like thismore than 2016-02-11T13:51:49.757Z
star this property answering member
1529
star this property label Biography information for Mr David Gauke more like this
star this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell remove filter
64154
star this property registered interest false more like this
star this property date less than 2014-06-26more like thismore than 2014-06-26
star this property answering body
HM Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Personal Savings remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, if he will meet representatives of financial institutions to discuss how those institutions can assist customers to get the best return on their savings. more like this
star this property tabling member constituency East Londonderry remove filter
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 202658 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2014-07-02more like thismore than 2014-07-02
star this property answer text <p>Treasury Ministers have discussions with a wide variety of organisations in the public and private sectors. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p>www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p><p> </p><p>It is important that customers can make the most of their savings. This is why at Budget 2014 we announced a radical package of measures to support savers – reducing taxes for the lowest income savers, reforming the ISA regime to give savers greater flexibility as to where and how they save their money, and creating a product to help retired savers see a better return.</p><p> </p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-07-02T16:45:13.8040315Zmore like thismore than 2014-07-02T16:45:13.8040315Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell remove filter
642153
star this property registered interest false more like this
star this property date less than 2016-11-22more like thismore than 2016-11-22
star this property answering body
HM Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Personal Savings remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, with reference to the cash savings market study, published by the Financial Conduct Authority in January 2015, how quickly he expects any benefits to be experienced by savers as a result of changes introduced. more like this
star this property tabling member constituency East Londonderry remove filter
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 54150 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2016-11-25more like thismore than 2016-11-25
star this property answer text <p>In January 2015, the Financial Conduct Authority (FCA) published its Cash Savings Market Study, which found that competition in the cash savings market was not working well for many consumers. In response, the FCA has consulted on and are introducing new rules and guidance from 1 December 2016 to improve firms’ methods of disclosing information to customers on savings accounts and their interest rates. The rules will make it easier for customers to see what the interest rate is on their account and will place stricter provisions on firms to ensure customers are informed about cuts to their rates.</p> more like this
star this property answering member constituency Brighton, Kemptown more like this
star this property answering member printed Simon Kirby more like this
star this property question first answered
less than 2016-11-25T10:25:53.06Zmore like thismore than 2016-11-25T10:25:53.06Z
star this property answering member
3929
star this property label Biography information for Simon Kirby more like this
star this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell remove filter
933997
star this property registered interest false more like this
star this property date less than 2018-07-02more like thismore than 2018-07-02
star this property answering body
Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Personal Savings remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what fiscal plans he has to increase the level of personal savings in this Parliament. more like this
star this property tabling member constituency East Londonderry remove filter
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 159532 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2018-07-05more like thismore than 2018-07-05
star this property answer text <p>The Government is committed to supporting savers at all stages of life and has introduced a range of measures in recent years to help people build their savings in the way that is right for them.</p><p> </p><p>This year we are introducing a new Help to Save scheme to support working families on low incomes to build up a rainy-day fund, by offering a 50% bonus on up to £50 of monthly savings. We have also increased the ISA allowance by a record amount to £20,000 and introduced a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Thanks to these measures over 95% of people pay no tax on their savings income.</p><p> </p><p>Alongside savings measures, the Government has made significant progress on reducing taxes so that working families can take home more of what they earn. As a result of increases to the personal allowance, a typical basic rate taxpayer will pay £1,075 less income tax in 2018-19, compared to 2010-11.</p><p> </p><p>The Chancellor of the Exchequer keeps all tax policy under review to be considered as part of the budget process.</p><p> </p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-07-05T15:34:34.923Zmore like thismore than 2018-07-05T15:34:34.923Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell remove filter