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Where a buy now pay later lender is offering a regulated credit agreement, it must be authorised and regulated by the Financial Conduct Authority. Where an authorised firm breaches FCA rules and guidance, the FCA is able to take action against them.<\/p>

<\/p>

Where a firm breaks the UK Advertising Codes, the Advertising Standards Authority is able to ban those advertisements.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-09-15T13:03:09.97Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Credit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps his Department is taking to help ensure that buy now pay later lenders comply with guidance set out by the (a) Financial Conduct Authority and (b) Advertising Standards Agency.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4088", "label" : {"_value" : "Biography information for Stella Creasy"} } , "tablingMemberConstituency" : {"_value" : "Walthamstow"} , "tablingMemberPrinted" : [{"_value" : "Stella Creasy"} ], "uin" : "906085"} , {"_about" : "http://data.parliament.uk/resources/1365135", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1365135/answer", "answerText" : {"_value" : "

This government is committed to making the UK a hostile place for illicit finance and economic crime. We are determined to crack down on dirty money and financial exploitation, to protect our security and prosperity. We have taken action through our \u2018No Safe Havens\u2019 strategy to ensure the correct UK tax is paid; and our landmark 2019 Economic Crime Plan outlines a comprehensive response to ensure the UK cannot be abused for economic crime.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-11-02", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-11-02T14:47:12.847Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-11-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Crime"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he plans to take in response to the publication of the Pandora Papers to tackle (a) tax avoidance, (b) money laundering and (c) other financial crimes.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4829", "label" : {"_value" : "Biography information for Sam Tarry"} } , "tablingMemberConstituency" : {"_value" : "Ilford South"} , "tablingMemberPrinted" : [{"_value" : "Sam Tarry"} ], "uin" : "904001"} , {"_about" : "http://data.parliament.uk/resources/1234272", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1234272/answer", "answerText" : {"_value" : "

We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.<\/p>

<\/p>

At the Summer Economic Update, the Chancellor announced the Government\u2019s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "906079"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-09-15T13:05:20.817Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Situation"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to support regional economies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4811", "label" : {"_value" : "Biography information for Navendu Mishra"} } , "tablingMemberConstituency" : {"_value" : "Stockport"} , "tablingMemberPrinted" : [{"_value" : "Navendu Mishra"} ], "uin" : "906093"} , {"_about" : "http://data.parliament.uk/resources/1234274", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1234274/answer", "answerText" : {"_value" : "

We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.<\/p>

<\/p>

At the Summer Economic Update, the Chancellor announced the Government\u2019s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "906093"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-09-15T13:05:20.77Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-09-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Situation"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to support regional economies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4382", "label" : {"_value" : "Biography information for Daniel Zeichner"} } , "tablingMemberConstituency" : {"_value" : "Cambridge"} , "tablingMemberPrinted" : [{"_value" : "Daniel Zeichner"} ], "uin" : "906079"} , {"_about" : "http://data.parliament.uk/resources/971554", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/971554/answer", "answerText" : {"_value" : "The best way to drive economic growth is to raise productivity. Since 2010, this Government has provided over half a trillion pounds in capital investment, increased investment in skills, and reduced taxes for businesses. Lower taxes provide a strong incentive for businesses to invest in raising their productivity. Tax cuts include reductions to business rates worth over £10bn by 2023, freezing fuel duty for 8 years running, increasing R&D tax credits, and cutting corporation tax."} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-09-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-09-11T16:10:51.883Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-09-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Growth"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to support economic growth.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4398", "label" : {"_value" : "Biography information for Chris Green"} } , "tablingMemberConstituency" : {"_value" : "Bolton West"} , "tablingMemberPrinted" : [{"_value" : "Chris Green"} ], "uin" : "906799"} , {"_about" : "http://data.parliament.uk/resources/885141", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/885141/answer", "answerText" : {"_value" : "

This government aims to create an environment to help businesses to succeed. We are keeping taxes low, and ensuring firms can access the skills and support they need.<\/p>

<\/p>

We have cut corporation tax to 19%, the lowest rate in the G20, and are developing a National Retraining Scheme so we are ready to seize opportunities in the new economy.<\/p>

<\/p>

It is through measures like these, and the power of a vibrant and competitive market economy, that we will further drive growth and prosperity, encourage innovation and help raise living standards across the UK<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-04-17", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-04-17T15:01:39.553Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-04-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Government Assistance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to support businesses and strengthen the market economy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4589", "label" : {"_value" : "Biography information for Robert Courts"} } , "tablingMemberConstituency" : {"_value" : "Witney"} , "tablingMemberPrinted" : [{"_value" : "Robert Courts"} ], "uin" : "904792"} , {"_about" : "http://data.parliament.uk/resources/971556", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/971556/answer", "answerText" : {"_value" : "

The UK and the EU reached an agreement in principle, in December 2017, on the financial settlement for the UK\u2019s withdrawal from the EU. This was set out in the Joint Report on progress during Phase 1 of the negotiations. These principles will become legally binding through a Withdrawal Agreement as set out in the Government\u2019s White Paper on legislating for the Withdrawal Agreement, published in July this year.<\/p>

<\/p>

Post-exit, decisions on spending will be made based on domestic priorities, considering the economic environment, the fiscal position and the negotiated outcome.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-09-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-09-11T16:17:09Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-09-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "EU Budget"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to reduce the total net annual financial outflow from the UK to the EU; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/2", "label" : {"_value" : "Biography information for Kelvin Hopkins"} } , "tablingMemberConstituency" : {"_value" : "Luton North"} , "tablingMemberPrinted" : [{"_value" : "Kelvin Hopkins"} ], "uin" : "906801"} , {"_about" : "http://data.parliament.uk/resources/1136092", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1136092/answer", "answerText" : {"_value" : "

The Government has introduced a range of measures to support savers.<\/p>

We have increased the amount of money that people can save into their ISAs each year to a record £20,000 and introduced a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.<\/p>

Thanks to these measures, over 95% of people with savings income pay no tax on that income.<\/p>

<\/p>

The new Help to Save scheme is supporting working families on low incomes to build up a rainy-day fund by offering a 50% bonus on up to £50 of monthly saving.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2019-07-02", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-02T14:13:36.56Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Personal Savings"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to increase incentives for people to save.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/55", "label" : {"_value" : "Biography information for Sir Desmond Swayne"} } , "tablingMemberConstituency" : {"_value" : "New Forest West"} , "tablingMemberPrinted" : [{"_value" : "Sir Desmond Swayne"} ], "uin" : "911692"} , {"_about" : "http://data.parliament.uk/resources/1177550", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1177550/answer", "answerText" : {"_value" : "

The FSCS is an independent non-governmental body. It operates within the rules set by the FCA and the PRA, who are also independent from government.<\/p>

<\/p>

The FSCS levy is set annually, within the overall levy limits set by the FCA and PRA. It is for the FCA and PRA to consider the impact of the levy on the firms they regulate. The Government has no role in setting the levy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2020-02-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-02-11T15:25:18.937Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-02-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services Compensation Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What steps he is taking to ensure that the level of the Financial Services Compensation Scheme levy is (a) equitable and (b) proportionate.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4741", "label" : {"_value" : "Biography information for Nickie Aiken"} } , "tablingMemberConstituency" : {"_value" : "Cities of London and Westminster"} , "tablingMemberPrinted" : [{"_value" : "Nickie Aiken"} ], "uin" : "900747"} , {"_about" : "http://data.parliament.uk/resources/1338666", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1338666/answer", "answerText" : {"_value" : "

Whilst the FCA is an independent, non-governmental regulator, the Treasury, as the department jointly responsible for economic crime policy with Home Office, is in regular contact with the FCA on matters to do with online financial crime. I can confirm that my officials hold regular discussions with their FCA counterparts on these issues, including on the delivery of the Economic Crime Plan, the prevention of online harms, including financial promotions and online fraud, and issues related to anti-money laundering supervision. In addition, the FCA is a member of the Economic Crime Strategic Board, through which the government, regulators, law enforcement, and industry discuss and drive forward the UK\u2019s overall response to economic crime.<\/p>

<\/strong><\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-06-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-06-22T13:27:08.027Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-06-22", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Fraud"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "What recent discussions he has had with the Financial Conduct Authority on tackling online financial crime.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/163", "label" : {"_value" : "Biography information for Sir Stephen Timms"} } , "tablingMemberConstituency" : {"_value" : "East Ham"} , "tablingMemberPrinted" : [{"_value" : "Stephen Timms"} ], "uin" : "901634"} ], "itemsPerPage" : 10, "next" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=1&answeringDeptSortName=Treasury&_sort=-questionText&answer.answeringMemberPrinted=John%20Glen", "page" : 0, "startIndex" : 1, "totalResults" : 3319, "type" : "http://purl.org/linked-data/api/vocab#Page"} }