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753999

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Crowdfunding
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has to change the rules governing the level of business lending allowed through non-bank finance providers including peer-to-peer platforms before the UK leaves the EU.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6051
	answer	answer is ministerial correction date of answer 05/09/2017 answer text Neither the Government nor the financial regulators set rules regarding levels of business lending allowed through non-bank finance providers. The Government regulates only where there is a clear case for doing so, to avoid putting additional costs on lenders that would ultimately lead to higher costs for business customers. answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 05/09/2017 10:18:56 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

758958

	registered interest
	date	08/09/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Crowdfunding
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 September 2017 to Question 6055, on crowdfunding, how much of the £120 million channelled by the British Business Bank to UK businesses through peer-to-peer platforms has been allocated to businesses which employ fewer than (a) 50 and (b) 10 people.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	9636
	answer	answer is ministerial correction date of answer 13/09/2017 answer text <p>We do not currently collect data on 'employee number' from delivery partners who provide peer-to-peer lending. We are unable to obtain robust data because it is not included in the mandatory information required by some peer-to-peer delivery partners when lending through their platforms.</p><p> </p><p>However, by their very nature, the vast majority of lending will be to organisations that have less than 50 employees.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 13/09/2017 15:05:05 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

789231

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111345, on bank services: small businesses, what representations he has received from business organisations on the (a) accessibility of full banking services for small and medium-sized enterprises when their bank branch closes and (b) suitability of the Post Office counter network for business banking.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113143
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Treasury Ministers and officials receive representations from a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>The 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>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. Government will have provided nearly £2 billion during the period 2011 to 2018 to maintain and modernise the Post Office network.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 20/11/2017 15:32:47 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

789229

	registered interest
	date	14/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Royal Bank of Scotland: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111358, on the Royal Bank of Scotland: small businesses, what representations he has received from business organisations on the date for publication of the further report of the Financial Conduct Authority on Royal Bank of Scotland's treatment of small and medium-sized enterprises.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	113141
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Treasury Ministers and officials communicate with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. The Financial Conduct Authority (FCA) has published an interim summary of the independent review of Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the review and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 20/11/2017 15:31:20 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

758960

	registered interest
	date	08/09/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Capability and Innovation Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 September 2017 to Question 6052, what proportion of the £425 million Capability and Innovation Fund will be made available to (a) challenger banks and (b) other financial services providers.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	9638
	answer	answer is ministerial correction date of answer 13/09/2017 answer text <p>The £425 million Capability and Innovation Fund is made up of 15 separate awards that eligible challenger banks and other financial service providers can compete for. These awards will range from £5 million to £120 million.</p><p> </p><p>We will be releasing further details on the Capability and Innovation Fund once the European Commission have announced their final decision.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 13/09/2017 15:02:56 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

753987

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Halifax Bank of Scotland: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much his Department has spent in connection with HBOS fraud cases since they arose.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6147
	answer	answer is ministerial correction date of answer 07/09/2017 answer text <p>The investigations into lending by HBOS are a matter for Lloyds Banking Group (LBG) and the Financial Conduct Authority. They are on-going, independent investigations, and it would therefore not be appropriate for the government to intervene. The government expects that the investigation by Professor Russel Griggs will help LBG to resolve outstanding cases as soon as possible, so that any victims of fraud at HBOS Reading can be properly compensated.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 6148 question first answered 07/09/2017 15:48:26 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

753988

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Halifax Bank of Scotland: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what support his Department has given to people affected by the HBOS fraud cases.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6148
	answer	answer is ministerial correction date of answer 07/09/2017 answer text <p>The investigations into lending by HBOS are a matter for Lloyds Banking Group (LBG) and the Financial Conduct Authority. They are on-going, independent investigations, and it would therefore not be appropriate for the government to intervene. The government expects that the investigation by Professor Russel Griggs will help LBG to resolve outstanding cases as soon as possible, so that any victims of fraud at HBOS Reading can be properly compensated.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 6147 question first answered 07/09/2017 15:48:26 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

802701

	registered interest
	date	07/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Royal Bank of Scotland: Small Businesses
	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 accuracy of reports that the minutes of the Financial Conduct Authority state that it could face legal action if it published the full section 166 report into RBS' treatment of SMEs.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	118250
	answer	answer is ministerial correction date of answer 12/12/2017 answer text <p>The handling of the section 166 Report into Royal Bank of Scotland’s treatment of SME customers transferred to GRG is a matter for the Financial Conduct Authority. The FCA has stated that conducting section 166 reports on the basis that they will not be published supports their effective use as an important supervisory tool.</p><p> </p><p>The FCA has published a detailed summary of the main findings from the skilled persons report. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 12/12/2017 14:37:33 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

754003

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Crowdfunding
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has to support the development of peer-to-peer lending business platforms.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6055
	answer	answer is ministerial correction date of answer 05/09/2017 answer text <p>The government believes that Peer-to-Peer (P2P) platforms can deliver innovative forms of finance for both consumers and business that can provide competition in the marketplace. The government has therefore implemented a proportionate, principles based regime for P2P lending that balances the need for consumer protection with allowing the sector to grow and evolve.</p><p> </p><p>The British Business Bank has channelled £120m of investment to UK businesses through P2P platforms.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 05/09/2017 07:49:07 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

754002

	registered interest
	date	19/07/2017
	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 trends in net lending to small and medium-sized businesses by (a) banks and (b) peer-to-peer platforms since the EU referendum in June 2016.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6054
	answer	answer is ministerial correction date of answer 05/09/2017 answer text <p>The Treasury has not made a formal assessment of peer-to-peer lending volumes since the EU referendum.</p><p> </p><p>Data on bank lending to businesses can be found in Table A8.1 of the Bank of England’s Bankstats releases at:</p><p> </p><p><a href="http://www.bankofengland.co.uk/statistics/Pages/bankstats/default.aspx" target="_blank">http://www.bankofengland.co.uk/statistics/Pages/bankstats/default.aspx</a></p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 05/09/2017 07:44:22 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson