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1167212

	registered interest
	date	29/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of existing mortgage prisoners that could benefit from the rule changes announced by the FCA on 28 October 2019.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	7072
	answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>I am aware that customers who are unable to access cheaper mortgage deals are in a difficult and stressful situation. Taking action to remove unnecessary regulatory barriers that have prevented some customers from switching has been a priority for me and so I welcome the changes the FCA have made to their mortgage lending rules.</p><p> </p><p>This change in the FCA’s rules should allow customers to switch to a new lender as long as they meet the lender’s risk appetite. This is determined by the lender and will take into account the circumstances of individual customers, which may include being up to date with their payments; not having significant other debt; and not being in negative equity.</p><p> </p><p>Due to the uncertainty of lender’s risk appetites or the number of consumers who will choose to use the new switching opportunities, it is impossible to know precisely how many mortgage prisoners will be helped by the rule change until lenders are able to report progress to the Financial Conduct Authority (FCA).</p><p> </p><p>Part of the FCA’s action to support mortgage prisoners is ensuring that borrowers, whose mortgage is currently held by an unregulated entity, are proactively contacted about this rule change. Inactive lenders and administrators acting for unregulated entities are now required to implement a communication strategy for relevant customers to inform them of the rule change within the next 10 months.</p><p> </p><p>The FCA ran a consultation on the rule changes and thoroughly considered representations from various interested parties before implementing the changes in October. Most recently, I have met with Andrew Bailey, Chief Executive of the FCA, where we agreed to continue to collaborate and engage to support mortgage prisoners moving forward. In addition, I have met specifically with MPs for the All-Party Parliamentary Group on mortgage prisoners and numerous other MPs who, representing their constituents, have wished to discuss mortgage policy.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 7073 7074 question first answered 04/11/2019 14:00:56 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1167213

	registered interest
	date	29/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he will take to ensure that his officials contact existing vulture funds operating in the UK to ensure compliance with the new FCA regulations on mortgage prisoners.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	7073
	answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>I am aware that customers who are unable to access cheaper mortgage deals are in a difficult and stressful situation. Taking action to remove unnecessary regulatory barriers that have prevented some customers from switching has been a priority for me and so I welcome the changes the FCA have made to their mortgage lending rules.</p><p> </p><p>This change in the FCA’s rules should allow customers to switch to a new lender as long as they meet the lender’s risk appetite. This is determined by the lender and will take into account the circumstances of individual customers, which may include being up to date with their payments; not having significant other debt; and not being in negative equity.</p><p> </p><p>Due to the uncertainty of lender’s risk appetites or the number of consumers who will choose to use the new switching opportunities, it is impossible to know precisely how many mortgage prisoners will be helped by the rule change until lenders are able to report progress to the Financial Conduct Authority (FCA).</p><p> </p><p>Part of the FCA’s action to support mortgage prisoners is ensuring that borrowers, whose mortgage is currently held by an unregulated entity, are proactively contacted about this rule change. Inactive lenders and administrators acting for unregulated entities are now required to implement a communication strategy for relevant customers to inform them of the rule change within the next 10 months.</p><p> </p><p>The FCA ran a consultation on the rule changes and thoroughly considered representations from various interested parties before implementing the changes in October. Most recently, I have met with Andrew Bailey, Chief Executive of the FCA, where we agreed to continue to collaborate and engage to support mortgage prisoners moving forward. In addition, I have met specifically with MPs for the All-Party Parliamentary Group on mortgage prisoners and numerous other MPs who, representing their constituents, have wished to discuss mortgage policy.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 7072 7074 question first answered 04/11/2019 14:00:56 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1167214

	registered interest
	date	29/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with representatives of groups acting on behalf of mortgage prisoners on the effect of the announcement made by the FCA on 28 October 2019.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	7074
	answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>I am aware that customers who are unable to access cheaper mortgage deals are in a difficult and stressful situation. Taking action to remove unnecessary regulatory barriers that have prevented some customers from switching has been a priority for me and so I welcome the changes the FCA have made to their mortgage lending rules.</p><p> </p><p>This change in the FCA’s rules should allow customers to switch to a new lender as long as they meet the lender’s risk appetite. This is determined by the lender and will take into account the circumstances of individual customers, which may include being up to date with their payments; not having significant other debt; and not being in negative equity.</p><p> </p><p>Due to the uncertainty of lender’s risk appetites or the number of consumers who will choose to use the new switching opportunities, it is impossible to know precisely how many mortgage prisoners will be helped by the rule change until lenders are able to report progress to the Financial Conduct Authority (FCA).</p><p> </p><p>Part of the FCA’s action to support mortgage prisoners is ensuring that borrowers, whose mortgage is currently held by an unregulated entity, are proactively contacted about this rule change. Inactive lenders and administrators acting for unregulated entities are now required to implement a communication strategy for relevant customers to inform them of the rule change within the next 10 months.</p><p> </p><p>The FCA ran a consultation on the rule changes and thoroughly considered representations from various interested parties before implementing the changes in October. Most recently, I have met with Andrew Bailey, Chief Executive of the FCA, where we agreed to continue to collaborate and engage to support mortgage prisoners moving forward. In addition, I have met specifically with MPs for the All-Party Parliamentary Group on mortgage prisoners and numerous other MPs who, representing their constituents, have wished to discuss mortgage policy.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 7072 7073 question first answered 04/11/2019 14:00:56 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1145159

	registered interest
	date	05/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Companies: Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the total payroll is of companies in England that have a payroll (a) over and (b) under £3 million.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	287470
	answer	answer is ministerial correction date of answer 27/09/2019 answer text <p>It is not possible to produce meaningful estimates of the paybills of employers in specific geographical areas. HMRC has information on where Pay As You Earn (PAYE) schemes are registered, though not on the workplaces of the employer. Many large employers will have various workplaces across the UK and will operate multiple PAYE schemes, or outsource their payroll to a payroll provider based in a different location.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 27/09/2019 13:58:55 answering member 3991 label Biography information for Jesse Norman
	tabling member	465 label Biography information for Gordon Marsden

1144492

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Chronic Illnesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of people affected by terminal illness who are unable to claim their personal pensions early.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	286104
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The government does not hold this data.</p><p> </p><p>Subject to scheme rules, individuals may be able to make early withdrawals from their personal pension in the event that they are expected to live less than a year. These withdrawals can be made free of tax provided certain conditions are met.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:37:49 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1131377

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to establish an ad hoc compensation scheme for people affected by the collapse of London Capital and Finance.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	263057
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>The administrators for London Capital &amp; Finance (LCF) are currently estimating recoveries for investors affected by LCF’s failure.</p><p>The Financial Services Compensation Scheme (FSCS), as the compensation scheme of last resort, can only provide compensation for claims connected with certain types of regulated activities. They are working closely with LCF’s administrators and the Financial Conduct Authority to understand more about LCF’s activities and whether there are grounds for compensation.</p><p>If there are circumstances that give rise to potentially valid claims, the FSCS will communicate this on their website. They have invited LCF investors to register for updates on their website. More information on this can be found at https://www.fscs.org.uk/failed-firms/lcf/.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/06/2019 14:30:39 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1131378

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services Compensation Scheme
	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 potential merits of making mini-bonds subject to the provisions of the Financial Services Compensation Scheme.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	263058
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital &amp; Finance (LCF), a mini-bond issuer that entered administration on 30 January 2018, and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it.</p><p> </p><p>Alongside the independent investigation, the Government announced it would review a number of the wider policy questions raised by the events at LCF.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 263059 question first answered 17/06/2019 14:33:33 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1131379

	registered interest
	date	11/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment: Regulation
	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 potential merits of introducing Government regulations on mini-bonds.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	263059
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital &amp; Finance (LCF), a mini-bond issuer that entered administration on 30 January 2018, and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it.</p><p> </p><p>Alongside the independent investigation, the Government announced it would review a number of the wider policy questions raised by the events at LCF.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 263058 question first answered 17/06/2019 14:33:33 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1125482

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	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 adequacy of the safeguards and mechanisms put in place by his Department and the Financial Conduct Authority between 2012 and 2018 in respect of the sale of UKAR loans to ensure that loan holders were able to transfer or get better terms from other regulated lenders instead of those companies to whom AKAR had sold their loans.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	251931
	answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Customers have always been protected in UKAR asset sales. The government and UKAR consider the fair treatment of customers a priority for all asset sales and have always included customer protections in line with or that exceeded industry best practice for transactions of this nature.</p><p> </p><p>Bidders were required to agree to customer protections, which were non-negotiable, before the bids were assessed on price. These protections included: adherence to the Financial Conduct Authority’s principle of Treating Customers Fairly; where customers were on Standard Variable Rate mortgages, purchasers were restricted in the changes they could make to the Standard Variable Rate for 12 months; and, mortgage books that were sold had to be administered by Financial Conduct Authority regulated companies, and no changes could be made to the terms and conditions of any of the loans that had been sold.</p><p> </p><p>In addition to requiring bidders to agree to the protections outlined above, UKAR undertake due diligence on bidders, their proposed servicers and legal title holders of the loans to ensure that they have the necessary policies, procedures and governance in place to treat customers fairly.</p><p> </p><p>The details of all NRAM mortgage sales can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR have not received a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>Whether to offer customers new mortgage products is a commercial decision for lenders and government does not intervene in individual cases.</p><p> </p><p>That said, the government welcomes the voluntary agreement entered into last year by UK Finance working with the FCA. Under this agreement, 59 authorised lenders representing 93 per cent of the UK’s residential mortgage market have agreed common standards to help existing borrowers on reversion rates who are up-to-date with repayments but, because of stricter affordability criteria, are currently ineligible, to move to an alternative product provided by their lender, where said lender is able to offer alternative products.</p><p> </p><p>HM Treasury has also worked closely with the FCA on their Mortgages Market Study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HM Treasury will continue to work closely with the FCA once the changes to their rules are implemented, to monitor the impact this will have on the market.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251932 251933 251934 question first answered 13/05/2019 14:27:34 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1125483

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment (a) his Department and (b) the Financial Conduct Authority have made of the legal responsibility of TSB and other banks whose organisation or subsidiary have bought loans from UKAR to allow people who had such loans but are not their customers to transfer or switch to another mortgage loan provider.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	251932
	answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Customers have always been protected in UKAR asset sales. The government and UKAR consider the fair treatment of customers a priority for all asset sales and have always included customer protections in line with or that exceeded industry best practice for transactions of this nature.</p><p> </p><p>Bidders were required to agree to customer protections, which were non-negotiable, before the bids were assessed on price. These protections included: adherence to the Financial Conduct Authority’s principle of Treating Customers Fairly; where customers were on Standard Variable Rate mortgages, purchasers were restricted in the changes they could make to the Standard Variable Rate for 12 months; and, mortgage books that were sold had to be administered by Financial Conduct Authority regulated companies, and no changes could be made to the terms and conditions of any of the loans that had been sold.</p><p> </p><p>In addition to requiring bidders to agree to the protections outlined above, UKAR undertake due diligence on bidders, their proposed servicers and legal title holders of the loans to ensure that they have the necessary policies, procedures and governance in place to treat customers fairly.</p><p> </p><p>The details of all NRAM mortgage sales can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR have not received a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>Whether to offer customers new mortgage products is a commercial decision for lenders and government does not intervene in individual cases.</p><p> </p><p>That said, the government welcomes the voluntary agreement entered into last year by UK Finance working with the FCA. Under this agreement, 59 authorised lenders representing 93 per cent of the UK’s residential mortgage market have agreed common standards to help existing borrowers on reversion rates who are up-to-date with repayments but, because of stricter affordability criteria, are currently ineligible, to move to an alternative product provided by their lender, where said lender is able to offer alternative products.</p><p> </p><p>HM Treasury has also worked closely with the FCA on their Mortgages Market Study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HM Treasury will continue to work closely with the FCA once the changes to their rules are implemented, to monitor the impact this will have on the market.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251931 251933 251934 question first answered 13/05/2019 14:27:34 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1125484

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 April 2019 to Question 243349, if he will publish the details of the proportion of Northern Rock mortgage holders' loans that were sold to (a) inactive and (b) unregulated lenders between 2011 and 2018.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	251933
	answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Customers have always been protected in UKAR asset sales. The government and UKAR consider the fair treatment of customers a priority for all asset sales and have always included customer protections in line with or that exceeded industry best practice for transactions of this nature.</p><p> </p><p>Bidders were required to agree to customer protections, which were non-negotiable, before the bids were assessed on price. These protections included: adherence to the Financial Conduct Authority’s principle of Treating Customers Fairly; where customers were on Standard Variable Rate mortgages, purchasers were restricted in the changes they could make to the Standard Variable Rate for 12 months; and, mortgage books that were sold had to be administered by Financial Conduct Authority regulated companies, and no changes could be made to the terms and conditions of any of the loans that had been sold.</p><p> </p><p>In addition to requiring bidders to agree to the protections outlined above, UKAR undertake due diligence on bidders, their proposed servicers and legal title holders of the loans to ensure that they have the necessary policies, procedures and governance in place to treat customers fairly.</p><p> </p><p>The details of all NRAM mortgage sales can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR have not received a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>Whether to offer customers new mortgage products is a commercial decision for lenders and government does not intervene in individual cases.</p><p> </p><p>That said, the government welcomes the voluntary agreement entered into last year by UK Finance working with the FCA. Under this agreement, 59 authorised lenders representing 93 per cent of the UK’s residential mortgage market have agreed common standards to help existing borrowers on reversion rates who are up-to-date with repayments but, because of stricter affordability criteria, are currently ineligible, to move to an alternative product provided by their lender, where said lender is able to offer alternative products.</p><p> </p><p>HM Treasury has also worked closely with the FCA on their Mortgages Market Study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HM Treasury will continue to work closely with the FCA once the changes to their rules are implemented, to monitor the impact this will have on the market.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251931 251932 251934 question first answered 13/05/2019 14:27:34 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1125485

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions (a) he and (b) Ministers of his Department have had with the Financial Conduct Authority on whether Cerberus Capital Management is a fit and proper organisation to purchase mortgage loans from UK banks and his Department via UKAR.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	251934
	answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>Customers have always been protected in UKAR asset sales. The government and UKAR consider the fair treatment of customers a priority for all asset sales and have always included customer protections in line with or that exceeded industry best practice for transactions of this nature.</p><p> </p><p>Bidders were required to agree to customer protections, which were non-negotiable, before the bids were assessed on price. These protections included: adherence to the Financial Conduct Authority’s principle of Treating Customers Fairly; where customers were on Standard Variable Rate mortgages, purchasers were restricted in the changes they could make to the Standard Variable Rate for 12 months; and, mortgage books that were sold had to be administered by Financial Conduct Authority regulated companies, and no changes could be made to the terms and conditions of any of the loans that had been sold.</p><p> </p><p>In addition to requiring bidders to agree to the protections outlined above, UKAR undertake due diligence on bidders, their proposed servicers and legal title holders of the loans to ensure that they have the necessary policies, procedures and governance in place to treat customers fairly.</p><p> </p><p>The details of all NRAM mortgage sales can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR have not received a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>Whether to offer customers new mortgage products is a commercial decision for lenders and government does not intervene in individual cases.</p><p> </p><p>That said, the government welcomes the voluntary agreement entered into last year by UK Finance working with the FCA. Under this agreement, 59 authorised lenders representing 93 per cent of the UK’s residential mortgage market have agreed common standards to help existing borrowers on reversion rates who are up-to-date with repayments but, because of stricter affordability criteria, are currently ineligible, to move to an alternative product provided by their lender, where said lender is able to offer alternative products.</p><p> </p><p>HM Treasury has also worked closely with the FCA on their Mortgages Market Study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HM Treasury will continue to work closely with the FCA once the changes to their rules are implemented, to monitor the impact this will have on the market.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 251931 251932 251933 question first answered 13/05/2019 14:27:35 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1111258

	registered interest
	date	10/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions his Department has had with the FCA on the adequacy of their mechanisms for monitoring the outcomes for mortgage holders whose loans have been sold on by UKAR to inactive lenders.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	243348
	answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>As with all UKAR transactions, HM Treasury considered the potential impacts on customers and concluded that this sale does not negatively affect any customer’s ability to remortgage with another loan provider. In addition, UKAR have put in place protections that mean there are no financial barriers, such as early repayment charges, in the way of customers seeking to remortgage with another provider. Customers will be in a better position to change their mortgage following the proposed Financial Conduct Authority (FCA) rule change, provided they are up to date with their payments and meet lenders’ risk appetites.</p><p> </p><p>The details of UKAR mortgage sales from 2012 to 2018 can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR did not receive a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>HMT has worked closely with the FCA on their mortgage market study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HMT will continue to work closely with the FCA once the changes to their rules are implemented to monitor the impact this will have on the market.</p><p> </p><p>For the latest asset sale, the legal title to the regulated mortgage contracts will always be held by an FCA-regulated entity in addition to the existing regulatory requirement that they are serviced by an FCA-regulated entity. This ensures continued FCA oversight and that customers have access to the Financial Ombudsman Scheme. Moreover, the legal title holder will be required to provide regular loan level reporting to the FCA.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 243349 question first answered 23/04/2019 11:26:03 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1111259

	registered interest
	date	10/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of (a) the merits of the sale of £4.9 billion of former Northern Rock loans to Citibank on the ability of those mortgage loan holders to transfer or get better terms from other regulated lenders, (b) whether properties of Northern Rock mortgage holders' loans held under AKAR and sold between 2012 and 2018 were sold to (i) inactive and (ii) unregulated lenders.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	243349
	answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>As with all UKAR transactions, HM Treasury considered the potential impacts on customers and concluded that this sale does not negatively affect any customer’s ability to remortgage with another loan provider. In addition, UKAR have put in place protections that mean there are no financial barriers, such as early repayment charges, in the way of customers seeking to remortgage with another provider. Customers will be in a better position to change their mortgage following the proposed Financial Conduct Authority (FCA) rule change, provided they are up to date with their payments and meet lenders’ risk appetites.</p><p> </p><p>The details of UKAR mortgage sales from 2012 to 2018 can be found on gov.uk. Both active and non-active lenders are invited to participate in UKAR sales to ensure a competitive process. In relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, UKAR did not receive a bid from an active lender that covered the full portfolio of assets being sold.</p><p> </p><p>HMT has worked closely with the FCA on their mortgage market study and their planned changes to affordability assessments. These changes remove the regulatory barriers which previously might have prevented borrowers from accessing new mortgage deals, regardless of whether they are with active or inactive lenders. HMT will continue to work closely with the FCA once the changes to their rules are implemented to monitor the impact this will have on the market.</p><p> </p><p>For the latest asset sale, the legal title to the regulated mortgage contracts will always be held by an FCA-regulated entity in addition to the existing regulatory requirement that they are serviced by an FCA-regulated entity. This ensures continued FCA oversight and that customers have access to the Financial Ombudsman Scheme. Moreover, the legal title holder will be required to provide regular loan level reporting to the FCA.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 243348 question first answered 23/04/2019 11:26:03 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1078687

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has conducted of the (a) credentials and (b) status as active mortgage lenders of groups and companies which have purchased former Northern Rock mortgages and loans at sales undertaken by UK Asset Resolution (UKAR) since 2015.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	226544
	answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>For each asset sale UKAR undertakes due diligence on sale participants.</p><p> </p><p>Both active and non-active lenders are invited to participate in these sales to ensure a competitive process. Government and UKAR do not discriminate on bidders based on their lender status and, in relation to the latest asset sale, UKAR’s advisors proactively invited the top 25 active lenders to participate. Notwithstanding this, to date, UKAR has not received a bid from an active lender that covers the full portfolio of assets being sold.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/03/2019 15:13:20 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1078691

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what criteria in terms of protection for long-term holders of former Northern Rock mortgages were established by UK Asset Resolution before conducting such sales.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	226545
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The Government and UK Asset Resolution (UKAR) take treating customers fairly very seriously. UKAR has always included non-negotiable customer protections as part of the legal documents in every sale, past and present. Bidders must accept these terms before their bids are considered on price. For past sales, these protections required that: the servicer of the mortgages is regulated by the Financial Conduct Authority (FCA); the terms and conditions of the mortgages are not changed; and purchasers abide by restrictions on how the Standard Variable Rate (SVR) can be set.</p><p> </p><p>The Government and UKAR have listened to stakeholders on the issue of customer protections and have enhanced the protections for current and future sales. New protections include: requiring that both the servicer and legal title holder are FCA-regulated; restrictions on setting SVRs for the lifetime of the mortgage; and no early repayment charges, should a customer wish to switch mortgages.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 226546 question first answered 04/03/2019 14:18:22 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1078692

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Asset Resolution
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what criteria for the protection of mortgage holders he plans to direct UK Asset Resolution to use in its future sales of mortgages and loans.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	226546
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The Government and UK Asset Resolution (UKAR) take treating customers fairly very seriously. UKAR has always included non-negotiable customer protections as part of the legal documents in every sale, past and present. Bidders must accept these terms before their bids are considered on price. For past sales, these protections required that: the servicer of the mortgages is regulated by the Financial Conduct Authority (FCA); the terms and conditions of the mortgages are not changed; and purchasers abide by restrictions on how the Standard Variable Rate (SVR) can be set.</p><p> </p><p>The Government and UKAR have listened to stakeholders on the issue of customer protections and have enhanced the protections for current and future sales. New protections include: requiring that both the servicer and legal title holder are FCA-regulated; restrictions on setting SVRs for the lifetime of the mortgage; and no early repayment charges, should a customer wish to switch mortgages.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 226545 question first answered 04/03/2019 14:18:22 answering member 4051 label Biography information for John Glen
	tabling member	465 label Biography information for Gordon Marsden

1051415

	registered interest
	date	30/01/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Erasmus+ Programme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to provide funding for students due to start their Erasmus+ placements after 29 March 2019 in the event of the UK leaving the EU without a deal.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	214484
	answer	answer is ministerial correction date of answer 04/02/2019 answer text <p>In the event that the UK leaves the EU with a withdrawal agreement in place, the UK will participate in Erasmus+ until the end of the current cycle in 2020. Leaving the EU with a deal remains the government’s top priority.</p><p> </p><p>In the event the UK leaves the EU without a withdrawal agreement, the Government will engage with the European Commission with the aim of securing the UK’s participation in Erasmus+ until 2020.</p><p> </p><p>Further information can be found at <a href="https://www.gov.uk/government/publications/erasmus-in-the-uk-if-theres-no-brexit-deal/erasmus-in-the-uk-if-theres-no-brexit-deal" target="_blank">https://www.gov.uk/government/publications/erasmus-in-the-uk-if-theres-no-brexit-deal/erasmus-in-the-uk-if-theres-no-brexit-deal</a></p><p> </p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/02/2019 15:48:45 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	465 label Biography information for Gordon Marsden

994143

	registered interest
	date	24/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Apprentices: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many employers are paying the apprenticeship levy; and how many levy payers there are in (a) England, (b) Northern Ireland, (c) Scotland and (d) Wales.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	183266
	answer	answer is ministerial correction date of answer 29/10/2018 answer text <p>The number of businesses paying the Apprenticeship Levy is not available. HMRC collects data on a Pay As You Earn (PAYE) scheme basis.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 29/10/2018 11:54:17 answering member 3935 label Biography information for Mel Stride
	tabling member	465 label Biography information for Gordon Marsden

967922

	registered interest
	date	04/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Apprentices: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the total receipts collected from the apprenticeship levy were in the 2017-18 financial year.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	170266
	answer	answer is ministerial correction date of answer 10/09/2018 answer text <p>Monthly receipts data for the Apprenticeship Levy is published by HM Revenue &amp; Customs in their Tax &amp; NIC Receipts publication which can be found online at: <a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a></p><p> </p><p>In 2017-18, £2.3bn of levy receipts was collected.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 10/09/2018 15:55:43 answering member 3935 label Biography information for Mel Stride
	tabling member	465 label Biography information for Gordon Marsden

889877

	registered interest
	date	23/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Apprentices: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much money has been raised from the Apprenticeship Levy by HMRC since its introduction in April 2017.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	136929
	answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>Monthly receipts data for the Apprenticeship Levy is published by HM Revenue &amp; Customs in their Tax &amp; NIC Receipts publication which can be found online at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/701149/Mar18_Receipts_NS_Bulletin_Final.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/701149/Mar18_Receipts_NS_Bulletin_Final.pdf</a></p><p> </p><p>To date £2.3bn of the estimated 2017-18 liability has been received between April 2017, when the levy was introduced, and March 2018, the latest month for which data is available.</p><p> </p><p>In their March 2018 Economic and Fiscal outlook publication, the Office for Budget Responsibility estimated that the apprenticeship levy liabilities would be £2.6bn in 2017-18. This can be seen at: <a href="http://cdn.obr.uk/EFO-MaRch_2018.pdf" target="_blank">http://cdn.obr.uk/EFO-MaRch_2018.pdf</a></p><p> </p><p>The remainder of the 2017-18 liability is expected to be received in the April 2018 receipts.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/04/2018 12:37:59 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	465 label Biography information for Gordon Marsden

1078695

	registered interest
	date	27/02/2019
	answering body	Ministry of Justice
	answering dept id	54
	answering dept short name	Justice
	answering dept sort name	Justice
	hansard heading	Coroners
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Justice, what discussions his Department has had with the Office of the Chief Coroner on the recording of known veterans as such in inquests where the verdict is one of suicide.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	226547
	answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>Any suicide is a tragedy, and we take the welfare of our brave service men and women extremely seriously.</p><p> </p><p>For data on suicides amongst veterans to be of value, the information collected must be reliable, consistent and comprehensive. It is not possible to achieve this through coroners’ inquest conclusions for a number of practical and administrative reasons, including the parameters of the coroner’s role.</p><p> </p><p>Ministry of Justice officials have talked to colleagues in the Chief Coroner’s Office about the issues to do with coroners recording whether the deceased had ever served in the armed forces.</p><p> </p><p>Ministers from the Ministry of Justice and the Ministry of Defence have not explicitly discussed coroners accessing information held by other government departments in suicide cases, but have on several occasions discussed the issue of veterans in inquests. More widely, the Government recognises the need to gather data on veterans in the criminal justice system. The Ministry of Justice will continue to work with the Ministry of Defence and other government departments to explore how we can further this objective.</p> answering member constituency Charnwood answering member printed Edward Argar grouped question UIN 226548 question first answered 11/03/2019 18:27:49 answering member 4362 label Biography information for Edward Argar previous answer version 105640 answering member constituency Charnwood answering member printed Edward Argar answering member 4362 label Biography information for Edward Argar
	tabling member	465 label Biography information for Gordon Marsden

1078696

	registered interest
	date	27/02/2019
	answering body	Ministry of Justice
	answering dept id	54
	answering dept short name	Justice
	answering dept sort name	Justice
	hansard heading	Coroners
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Justice, what recent discussions he has had with the Secretary of State for Defence on enabling coroners to access departmental information to determine whether a person on whom an inquest has been held where the verdict was suicide was a veteran.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	226548
	answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>Any suicide is a tragedy, and we take the welfare of our brave service men and women extremely seriously.</p><p> </p><p>For data on suicides amongst veterans to be of value, the information collected must be reliable, consistent and comprehensive. It is not possible to achieve this through coroners’ inquest conclusions for a number of practical and administrative reasons, including the parameters of the coroner’s role.</p><p> </p><p>Ministry of Justice officials have talked to colleagues in the Chief Coroner’s Office about the issues to do with coroners recording whether the deceased had ever served in the armed forces.</p><p> </p><p>Ministers from the Ministry of Justice and the Ministry of Defence have not explicitly discussed coroners accessing information held by other government departments in suicide cases, but have on several occasions discussed the issue of veterans in inquests. More widely, the Government recognises the need to gather data on veterans in the criminal justice system. The Ministry of Justice will continue to work with the Ministry of Defence and other government departments to explore how we can further this objective.</p> answering member constituency Charnwood answering member printed Edward Argar grouped question UIN 226547 question first answered 11/03/2019 18:27:49 answering member 4362 label Biography information for Edward Argar previous answer version 105694 answering member constituency Charnwood answering member printed Edward Argar answering member 4362 label Biography information for Edward Argar
	tabling member	465 label Biography information for Gordon Marsden

1064058

	registered interest
	date	19/02/2019
	answering body	Ministry of Justice
	answering dept id	54
	answering dept short name	Justice
	answering dept sort name	Justice
	hansard heading	Ministry of Justice: Apprentices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Justice, what proportion of staff employed by his Department are apprentices.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	223256
	answer	answer is ministerial correction date of answer 25/02/2019 answer text <p>For the Ministry of Justice, as at 21/02/2019, there are 587 members of staff undertaking an apprenticeship programme which equates to 1% of total staff.</p> answering member constituency Charnwood answering member printed Edward Argar question first answered 25/02/2019 17:11:22 answering member 4362 label Biography information for Edward Argar
	tabling member	465 label Biography information for Gordon Marsden

985787

	registered interest
	date	11/10/2018
	answering body	Ministry of Justice
	answering dept id	54
	answering dept short name	Justice
	answering dept sort name	Justice
	hansard heading	Judiciary: Conduct
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Justice, if he will undertake an investigation into compliance with the Judicial Code of Conduct in relation to the trial at Preston Crown Court of Simon Blevins, Richard Roberts and Richard Loizou.
	tabling member constituency	Blackpool South
	tabling member printed	Gordon Marsden
	uin	178244
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>It would not be appropriate for me or any other government minister to comment on cases which are, or have been, before the courts. Anyone who wishes to make a complaint of judicial misconduct may do so to the independent Judicial Conduct Investigations Office. The Guide to Judicial Conduct, which sets out the standards of conduct expected of judges, is publicly available at: https://www.judiciary.uk/publications/guide-to-judicial-conduct/</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 178245 178246 question first answered 16/10/2018 14:23:12 answering member 4517 label Biography information for Lucy Frazer
	tabling member	465 label Biography information for Gordon Marsden