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1150113

	registered interest
	date	16/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that the UK remains in alignment with the EU Anti-Tax Avoidance Directive after the UK leaves the EU.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	1055
	answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The Government is committed in ensuring all multinational enterprises pay their fair share of tax in the UK.</p><p> </p><p>The UK already has anti-avoidance rules in place which in most cases meet or exceed the Directive’s requirements.</p><p> </p><p>Finance Act 2019 introduced several technical changes which mean that the UK’s existing rules will be compliant with the approach taken by the Anti-Tax Avoidance Directive by 1 January 2020.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/10/2019 15:15:33 answering member 3991 label Biography information for Jesse Norman
	tabling member	4432 label Biography information for Patrick Grady

1151511

	registered interest
	date	22/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coinage
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 March 2019 to Question 236421 on Coinage, whether a date has been agreed with the Royal Mint on which the 50 pence coin commemorating the UK’s departure from the EU will go into circulation.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	3723
	answer	answer is ministerial correction date of answer 28/10/2019 answer text <p>The 50 pence coin to commemorate the UK’s departure from the EU will be ready to enter circulation following the UK’s departure.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/10/2019 13:57:13 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1179992

	registered interest
	date	24/02/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Government Assistance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has plans to support people that are unable to transfer from high interest rate mortgages to more affordable mortgages.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	19983
	answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>A mortgage prisoner is an existing borrower that cannot switch to a cheaper deal with a new lender because they don’t meet stricter borrowing criteria set by strengthened regulations post financial crisis. The Government is aware that these borrowers have been in a difficult and stressful situation. That is why we have worked closely with the FCA to implement their rule change to remove the regulatory barrier that has prevented some customers from switching.</p><p> </p><p>I have written to Stephen Jones, Chief Executive Officer of UK Finance to outline my expectation that as many of its members as possible should move quickly to offer new deals to borrowers that are eligible to switch under the new FCA rules.</p><p> </p><p>However, FCA data shows that some of these borrowers may be in problem debt and are therefore likely to exceed the risk appetite of many lenders, including those in arrears. As with any borrower in the UK that experiences problem debt, the Government and the FCA are committed to working alongside lenders to provide appropriate support for these individuals. That is why we have established a range of initiatives to support those in problem debt, including the Money and Pensions Service which has been set up by the Government to support consumers with free and impartial information for every stage of their financial lives. Treasury officials are also working on implementing Breathing Space which will give borrowers in problem debt the opportunity to get their finances back on track. We have also ensured that regulations concentrate on helping people avoid repossession, including protection in the courts through the Pre-Action Protocol which makes it clear that repossession must always be the last resort for lenders.</p><p> </p><p>The sale of mortgage books is a commercial decision for lenders and the Government does not seek to intervene in these decisions.</p><p> </p><p>I cannot comment on future UK Asset Resolution (UKAR) sales other than to say that a range of buyers, including active lenders, will be invited to participate and we will continue to require bidders to agree to our robust customer protections. In asset sales to date, we have not received a bid from an active lender that covered all of the portfolio on offer.</p><p> </p><p>In all sales of UKAR loans, customer treatment is a key consideration for UKAR and the government in selecting a bidder and all bidders have to agree to UKAR’s customer treatment conditions in order for their bid to be considered. This is a strict requirement, not open to negotiation, and is considered before bids are assessed on price.</p><p> </p><p>The purchaser is obliged to ensure the servicer of the mortgages is regulated by the Financial Conduct Authority (FCA). For the latest asset sale and future sales the legal title holder must also be FCA-regulated. This is a contractual requirement.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 19989 question first answered 27/02/2020 13:34:24 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1180009

	registered interest
	date	24/02/2020
	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 is taking to help prevent the sale of mortgages to vulture funds.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	19989
	answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>A mortgage prisoner is an existing borrower that cannot switch to a cheaper deal with a new lender because they don’t meet stricter borrowing criteria set by strengthened regulations post financial crisis. The Government is aware that these borrowers have been in a difficult and stressful situation. That is why we have worked closely with the FCA to implement their rule change to remove the regulatory barrier that has prevented some customers from switching.</p><p> </p><p>I have written to Stephen Jones, Chief Executive Officer of UK Finance to outline my expectation that as many of its members as possible should move quickly to offer new deals to borrowers that are eligible to switch under the new FCA rules.</p><p> </p><p>However, FCA data shows that some of these borrowers may be in problem debt and are therefore likely to exceed the risk appetite of many lenders, including those in arrears. As with any borrower in the UK that experiences problem debt, the Government and the FCA are committed to working alongside lenders to provide appropriate support for these individuals. That is why we have established a range of initiatives to support those in problem debt, including the Money and Pensions Service which has been set up by the Government to support consumers with free and impartial information for every stage of their financial lives. Treasury officials are also working on implementing Breathing Space which will give borrowers in problem debt the opportunity to get their finances back on track. We have also ensured that regulations concentrate on helping people avoid repossession, including protection in the courts through the Pre-Action Protocol which makes it clear that repossession must always be the last resort for lenders.</p><p> </p><p>The sale of mortgage books is a commercial decision for lenders and the Government does not seek to intervene in these decisions.</p><p> </p><p>I cannot comment on future UK Asset Resolution (UKAR) sales other than to say that a range of buyers, including active lenders, will be invited to participate and we will continue to require bidders to agree to our robust customer protections. In asset sales to date, we have not received a bid from an active lender that covered all of the portfolio on offer.</p><p> </p><p>In all sales of UKAR loans, customer treatment is a key consideration for UKAR and the government in selecting a bidder and all bidders have to agree to UKAR’s customer treatment conditions in order for their bid to be considered. This is a strict requirement, not open to negotiation, and is considered before bids are assessed on price.</p><p> </p><p>The purchaser is obliged to ensure the servicer of the mortgages is regulated by the Financial Conduct Authority (FCA). For the latest asset sale and future sales the legal title holder must also be FCA-regulated. This is a contractual requirement.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 19983 question first answered 27/02/2020 13:34:24 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1187202

	registered interest
	date	23/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Alcoholic Drinks: Excise Duties
	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 waive duty payments on the production of alcohol for use in hand sanitiser by spirit drinks distillers in the UK.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	33695
	answer	answer is ministerial correction date of answer 21/04/2020 answer text <p>To meet the additional demand for hand sanitiser, the government has been supporting manufacturers by ensuring they have access to the denatured alcohol they need. Since the beginning of March, HM Revenue &amp; Customs has fast-tracked the authorisation of over 3 million additional litres of denatured alcohol for hand sanitiser production.</p><p> </p><p>However, in light of continuing high demand for the alcohol needed in these products, HMRC has worked proactively with the spirits industry on a series of easements to the current requirements. Under new measures announced on 23<sup>rd</sup> March, distillers and gin producers that hold alcohol or alcohol waste within an excise warehouse may, without HMRC’s prior approval, use these products to produce hand sanitiser without the payment of excise duty, providing the final product meets the World Health Organization’s formulation for Handrub.</p><p> </p><p>Further information on all the easements announced by HMRC to support hand sanitiser production can be found at:</p><p> </p><p><a href="https://www.gov.uk/guidance/producing-hand-sanitiser-and-gel-for-coronavirus-covid-19" target="_blank">https://www.gov.uk/guidance/producing-hand-sanitiser-and-gel-for-coronavirus-covid-19</a></p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch grouped question UIN 33696 question first answered 21/04/2020 06:54:50 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4432 label Biography information for Patrick Grady

1187203

	registered interest
	date	23/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Spirits: Coronavirus
	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 the spirit distillation industry in the UK on the support they require to switch production to the manufacture of santising products.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	33696
	answer	answer is ministerial correction date of answer 21/04/2020 answer text <p>To meet the additional demand for hand sanitiser, the government has been supporting manufacturers by ensuring they have access to the denatured alcohol they need. Since the beginning of March, HM Revenue &amp; Customs has fast-tracked the authorisation of over 3 million additional litres of denatured alcohol for hand sanitiser production.</p><p> </p><p>However, in light of continuing high demand for the alcohol needed in these products, HMRC has worked proactively with the spirits industry on a series of easements to the current requirements. Under new measures announced on 23<sup>rd</sup> March, distillers and gin producers that hold alcohol or alcohol waste within an excise warehouse may, without HMRC’s prior approval, use these products to produce hand sanitiser without the payment of excise duty, providing the final product meets the World Health Organization’s formulation for Handrub.</p><p> </p><p>Further information on all the easements announced by HMRC to support hand sanitiser production can be found at:</p><p> </p><p><a href="https://www.gov.uk/guidance/producing-hand-sanitiser-and-gel-for-coronavirus-covid-19" target="_blank">https://www.gov.uk/guidance/producing-hand-sanitiser-and-gel-for-coronavirus-covid-19</a></p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch grouped question UIN 33695 question first answered 21/04/2020 06:54:50 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4432 label Biography information for Patrick Grady

1188760

	registered interest
	date	20/04/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance: Coronavirus
	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 the insurance industry on implementing an insurance premium holiday period for people affected by the covid-19 outbreak.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	37997
	answer	answer is ministerial correction date of answer 27/04/2020 answer text <p>The Government is in continual dialogue with the insurance sector about its contribution to handling this unprecedented situation.</p><p> </p><p>The Government recognises that the outbreak of COVID-19 may lead to consumers facing financial difficulty and uncertainty. The Government is working closely with the financial sector and financial regulators in order to ensure they take coordinated steps in support of the Government’s economic response to COVID-19.</p><p> </p><p>To help consumers who are facing temporary cash flow problems as a result of the COVID-19 outbreak, there are several measures that have been introduced across wider financial services. On 17 March, the Chancellor announced on behalf of the sector that mortgage lenders will offer a three month ‘mortgage holiday’ for borrowers in financial difficulty.</p><p> </p><p>In addition, on 14 April, the Financial Conduct Authority implemented proposals to give its regulated firms the flexibility to provide temporary financial relief to those facing payment difficulties during the COVID-19 pandemic. The measures include firms being expected to offer a temporary payment freeze on loans and credit cards for up to three months, for consumers negatively impacted by COVID-19.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/04/2020 14:13:19 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1198665

	registered interest
	date	01/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to respond to the letter of 24 April 2020 from the seven hon. Members that represent constituencies in Glasgow on support for universities affected by the covid-19 outbreak.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	52125
	answer	answer is ministerial correction date of answer 04/06/2020 answer text HM Treasury has received unprecedented amounts of correspondence since the start of the coronavirus outbreak, and apologises for the delay in responding to the Honourable Member. The Honourable Members’ correspondence is receiving attention and will be replied to as soon as possible. answering member constituency Saffron Walden answering member printed Kemi Badenoch grouped question UIN 52126 52127 52156 52157 52158 question first answered 04/06/2020 15:26:26 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4432 label Biography information for Patrick Grady

1198676

	registered interest
	date	01/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to respond to the letter of 27 April 2020 from the hon. Member for Glasgow North, reference number PG15145, on the Coronavirus Business Interuption Loan Scheme.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	52126
	answer	answer is ministerial correction date of answer 04/06/2020 answer text HM Treasury has received unprecedented amounts of correspondence since the start of the coronavirus outbreak, and apologises for the delay in responding to the Honourable Member. The Honourable Members’ correspondence is receiving attention and will be replied to as soon as possible. answering member constituency Saffron Walden answering member printed Kemi Badenoch grouped question UIN 52125 52127 52156 52157 52158 question first answered 04/06/2020 15:26:26 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4432 label Biography information for Patrick Grady

1198677

	registered interest
	date	01/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to respond to the letter of 6 April 2020 from the hon. Member for Glasgow North, reference number PG15057, on support for people working in the creative sectors during the covid-19 outbreak.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	52127
	answer	answer is ministerial correction date of answer 04/06/2020 answer text HM Treasury has received unprecedented amounts of correspondence since the start of the coronavirus outbreak, and apologises for the delay in responding to the Honourable Member. The Honourable Members’ correspondence is receiving attention and will be replied to as soon as possible. answering member constituency Saffron Walden answering member printed Kemi Badenoch grouped question UIN 52125 52126 52156 52157 52158 question first answered 04/06/2020 15:26:26 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4432 label Biography information for Patrick Grady