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1240399

	registered interest
	date	05/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Older People
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he has taken to ensure that older people are not disproportionately disadvantaged by (a) banks and (b) other financial organisations offering preferential interest rates to online-only customers.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	99001
	answer	answer is ministerial correction date of answer 08/10/2020 answer text <p>The pricing of financial products remains a commercial decision for firms, in which the Government does not seek to intervene.</p><p> </p><p>UK banks’ and building societies’ treatment of their customers is governed by the Financial Conduct Authority (FCA) in its Principles for Businesses. This includes a general requirement for firms to provide a prompt, efficient and fair service to all their customers.</p><p> </p><p>More broadly, protecting vulnerable customers, such as those with low digital skills, is a priority for the FCA. The FCA requires firms to identify particularly vulnerable customers, and to take these customers into consideration when designing products.</p><p> </p><p>Further to this, the FCA recently concluded a guidance consultation for firms on the fair treatment of vulnerable customers. While many firms have made significant progress on this, the Treasury and the FCA want to see the fair treatment of vulnerable consumers being taken seriously by all firms so that vulnerable consumers receive consistently fair treatment.</p><p> </p><p>The Treasury continues to work with firms and the FCA to ensure that the needs of vulnerable customers are met.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 99003 question first answered 08/10/2020 08:14:40 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1240479

	registered interest
	date	05/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Older People: Banks
	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 proportionality of the effect on older people of banks offering preferential interest rates to online-only customers.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	99003
	answer	answer is ministerial correction date of answer 08/10/2020 answer text <p>The pricing of financial products remains a commercial decision for firms, in which the Government does not seek to intervene.</p><p> </p><p>UK banks’ and building societies’ treatment of their customers is governed by the Financial Conduct Authority (FCA) in its Principles for Businesses. This includes a general requirement for firms to provide a prompt, efficient and fair service to all their customers.</p><p> </p><p>More broadly, protecting vulnerable customers, such as those with low digital skills, is a priority for the FCA. The FCA requires firms to identify particularly vulnerable customers, and to take these customers into consideration when designing products.</p><p> </p><p>Further to this, the FCA recently concluded a guidance consultation for firms on the fair treatment of vulnerable customers. While many firms have made significant progress on this, the Treasury and the FCA want to see the fair treatment of vulnerable consumers being taken seriously by all firms so that vulnerable consumers receive consistently fair treatment.</p><p> </p><p>The Treasury continues to work with firms and the FCA to ensure that the needs of vulnerable customers are met.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 99001 question first answered 08/10/2020 08:14:40 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

1235146

	registered interest
	date	16/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what (a) obligations and (b) timescales are in place to require organisations in receipt of Research and Development tax breaks to publish the outcome of their research in public.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	91082
	answer	answer is ministerial correction date of answer 21/09/2020 answer text <p>R&amp;D tax credits are a key part of the Government’s support for innovative business investment and provided £4.4 billion to businesses across the UK in 2016-17. The Government does not place an obligation on organisations to publish any intellectual property which arises from their research.</p><p> </p><p>Patents are publicly available and so any R&amp;D that leads to a patent will be made public. It would be impractical to require greater disclosure than this; for example, it could potentially reveal trade secrets and it would also impose a significant administrative burden, both factors that would be likely to prevent companies from claiming.</p><p> </p><p>In some circumstances the same work can attract research and development relief for more than one company, as is envisaged in paragraph eleven of the Department for Business, Energy and Industrial Strategy Guidelines regulations. These regulations specify which activities are to be treated as being research and development.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 91083 91084 question first answered 21/09/2020 13:23:00 answering member 3991 label Biography information for Jesse Norman
	tabling member	4432 label Biography information for Patrick Grady

1235147

	registered interest
	date	16/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Tax Allowances
	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 merit of requiring organisations in receipt of Research and Development tax breaks to publish the outcome of their research in public after a set period of time.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	91083
	answer	answer is ministerial correction date of answer 21/09/2020 answer text <p>R&amp;D tax credits are a key part of the Government’s support for innovative business investment and provided £4.4 billion to businesses across the UK in 2016-17. The Government does not place an obligation on organisations to publish any intellectual property which arises from their research.</p><p> </p><p>Patents are publicly available and so any R&amp;D that leads to a patent will be made public. It would be impractical to require greater disclosure than this; for example, it could potentially reveal trade secrets and it would also impose a significant administrative burden, both factors that would be likely to prevent companies from claiming.</p><p> </p><p>In some circumstances the same work can attract research and development relief for more than one company, as is envisaged in paragraph eleven of the Department for Business, Energy and Industrial Strategy Guidelines regulations. These regulations specify which activities are to be treated as being research and development.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 91082 91084 question first answered 21/09/2020 13:23:00 answering member 3991 label Biography information for Jesse Norman
	tabling member	4432 label Biography information for Patrick Grady

1235149

	registered interest
	date	09/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has in place to prevent organisations that benefit from research and development tax breaks from duplicating (a) their own and (b) other organisations’ research.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	91084
	answer	answer is ministerial correction date of answer 21/09/2020 answer text <p>R&amp;D tax credits are a key part of the Government’s support for innovative business investment and provided £4.4 billion to businesses across the UK in 2016-17. The Government does not place an obligation on organisations to publish any intellectual property which arises from their research.</p><p> </p><p>Patents are publicly available and so any R&amp;D that leads to a patent will be made public. It would be impractical to require greater disclosure than this; for example, it could potentially reveal trade secrets and it would also impose a significant administrative burden, both factors that would be likely to prevent companies from claiming.</p><p> </p><p>In some circumstances the same work can attract research and development relief for more than one company, as is envisaged in paragraph eleven of the Department for Business, Energy and Industrial Strategy Guidelines regulations. These regulations specify which activities are to be treated as being research and development.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 91082 91083 question first answered 21/09/2020 13:23:00 answering member 3991 label Biography information for Jesse Norman
	tabling member	4432 label Biography information for Patrick Grady

1385801

	registered interest
	date	07/12/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Culture Recovery Fund: Scotland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will issue a response to Early Day Motion 734, Barnett Consequentials from the Culture Recovery Fund.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	88762
	answer	answer is ministerial correction date of answer 10/12/2021 answer text <p>The Barnett formula applies to changes in departmental DEL budgets, not when departments make spending or policy announcements.</p><p> </p><p>The UK government has provided the Scottish Government with an additional £6.5 billion of Barnett-based funding this year. It is for the Scottish Government to decide how to allocate this funding across its devolved responsibilities, including how to provide support to the culture sector.</p><p> </p><p>If the Treasury provides additional funding to departments in areas that are devolved in Scotland then the Scottish Government will receive additional funding through the Barnett formula. Final funding allocations will be confirmed at Supplementary Estimates.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke grouped question UIN 88756 question first answered 10/12/2021 11:39:02 answering member 4655 label Biography information for Sir Simon Clarke
	tabling member	4432 label Biography information for Patrick Grady

1201953

	registered interest
	date	09/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employment Income Support Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of extending the eligibility for the Self-Employment Income Support Scheme to those whose self-employment income makes up less than 50 per cent of their annual income on the (a) cost of that scheme and (b) number of eligible claimants.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	57244
	answer	answer is ministerial correction date of answer 15/06/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) continues to be one of the most generous self-employed COVID-19 support schemes in the world as the economy reopens.</p><p> </p><p>HM Revenue &amp; Customs (HMRC) undertook an initial assessment of the impact of requiring an individual’s trading profits to be at least equal to their non-trading income. This was set out in a letter from Jim Harra, Chief Executive and First Permanent Secretary of HMRC, to the Treasury Select Committee on 5 May 2020, which is available at <a href="https://committees.parliament.uk/publications/1151/documents/9923/default/" target="_blank">https://committees.parliament.uk/publications/1151/documents/9923/default/</a>. HMRC’s analysis of Survey of Personal Incomes (SPI) data for 2017-18 suggested that of the 5.75 million individuals deemed as having some form of self-employment in 2017-18, 1.73 million received less than half of their total income from self-employment trading profits.</p><p> </p><p>The self-employed are very diverse and have a wide mix of turnover and profits, with monthly and annual variations even in normal times, and in some cases with substantial alternative forms of income too. The design of the SEISS, including the eligibility requirement that an individual’s trading profits must be no more than £50,000 and at least equal to their non-trading income, means it is targeted at those who most need it, and who are most reliant on their self-employment income.</p><p> </p><p>The Chancellor of the Exchequer has said there will be no further extension or changes to the SEISS. Individuals receiving more than half their income from other sources may still be eligible for other elements of the unprecedented financial support provided by the Government. The SEISS is one element of a comprehensive package of support for individuals and businesses, including Bounce Back loans, tax deferrals, rental support, increased levels of Universal Credit, mortgage holidays, and other business support grants. More information about the full range of business support measures is available at <a href="http://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19" target="_blank">www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 57245 question first answered 15/06/2020 14:16:55 answering member 3991 label Biography information for Jesse Norman
	tabling member	4432 label Biography information for Patrick Grady

1201954

	registered interest
	date	09/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employment Income Support Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of extending eligibility for the Self-Employment Income Support Scheme to those whose self-employment income makes up less than 50 per cent of their annual income.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	57245
	answer	answer is ministerial correction date of answer 15/06/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) continues to be one of the most generous self-employed COVID-19 support schemes in the world as the economy reopens.</p><p> </p><p>HM Revenue &amp; Customs (HMRC) undertook an initial assessment of the impact of requiring an individual’s trading profits to be at least equal to their non-trading income. This was set out in a letter from Jim Harra, Chief Executive and First Permanent Secretary of HMRC, to the Treasury Select Committee on 5 May 2020, which is available at <a href="https://committees.parliament.uk/publications/1151/documents/9923/default/" target="_blank">https://committees.parliament.uk/publications/1151/documents/9923/default/</a>. HMRC’s analysis of Survey of Personal Incomes (SPI) data for 2017-18 suggested that of the 5.75 million individuals deemed as having some form of self-employment in 2017-18, 1.73 million received less than half of their total income from self-employment trading profits.</p><p> </p><p>The self-employed are very diverse and have a wide mix of turnover and profits, with monthly and annual variations even in normal times, and in some cases with substantial alternative forms of income too. The design of the SEISS, including the eligibility requirement that an individual’s trading profits must be no more than £50,000 and at least equal to their non-trading income, means it is targeted at those who most need it, and who are most reliant on their self-employment income.</p><p> </p><p>The Chancellor of the Exchequer has said there will be no further extension or changes to the SEISS. Individuals receiving more than half their income from other sources may still be eligible for other elements of the unprecedented financial support provided by the Government. The SEISS is one element of a comprehensive package of support for individuals and businesses, including Bounce Back loans, tax deferrals, rental support, increased levels of Universal Credit, mortgage holidays, and other business support grants. More information about the full range of business support measures is available at <a href="http://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19" target="_blank">www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 57244 question first answered 15/06/2020 14:16:55 answering member 3991 label Biography information for Jesse Norman
	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