https://www.link.co.uk/consumers/request-access-to-cash/<\/a><\/p> <\/p>
The government has welcomed industry\u2019s commitments and, in recognition of these developments, the Bill grants HM Treasury powers to bring the operators of cash coordination arrangements under the FCA\u2019s oversight.<\/p>
<\/p>
In terms of access to banking services, the government believes that all customers, wherever they live, should have appropriate access to banking services. However, decisions on opening and closing branches are a commercial issue for banks and building societies. The government does not intervene in these decisions or make direct assessments of these branch networks.<\/p>
<\/p>
Guidance from the FCA\u202fsets out\u202fits\u202fexpectation of firms when they are taking decisions relating to the closure of their branches or free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on the everyday banking and cash access needs of their customers and possible alternative access arrangements. This\u202fensures that the implementation of closure decisions is\u202fundertaken\u202fin a way that treats customers fairly.\u202fThe FCA expects firms to exercise particular care with vulnerable customers, such as those who are elderly or disabled, and the guidance has recently been strengthened to enhance protections for consumers that rely on branch services.<\/p>
<\/p>
Alternative options for access can be via telephone banking, through digital means such as mobile or online banking,\u202fand the Post Office. Furthermore, industry has committed to new shared bank hubs in 27 locations across the UK to date, in addition to two existing pilot sites. These hubs provide basic banking services, including cash withdrawals and deposits, and a dedicated space where community bankers from participating banks can meet customers of that bank.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"}
}
, "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"}
, "answeringMemberPrinted" : {"_value" : "Andrew Griffith"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T13:37:22.573Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Bank Services and Banking Hubs"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of the Financial Services and Markets Bill on (a) preventing the loss of local access to cash and banking services, (b) support for local communities to create banking hubs and (c) protecting free access to cash and in-person banking services.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4786", "label" : {"_value" : "Biography information for Zarah Sultana"}
}
, "tablingMemberConstituency" : {"_value" : "Coventry South"}
, "tablingMemberPrinted" : [{"_value" : "Zarah Sultana"}
], "uin" : "94876"}
, {"_about" : "http://data.parliament.uk/resources/1544928", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1544928/answer", "answerText" : {"_value" : "
Arrears and repossession levels remain low: according to UK Finance data, 700 residential mortgaged properties were repossessed in Q3 2022, compared to 1,070 in Q1 2020 (pre-pandemic). The Government of course remains watchful of any emerging trends in this space.<\/p>
<\/p>
It is worth noting though that around 75% of residential mortgage borrowers are on fixed-rate deals and therefore shielded from interest rate rises in the near term. If mortgage borrowers do fall into financial difficulty, Financial Conduct Authority (FCA) guidance requires firms to provide support through tailored forbearance options. The Government has also taken a number of measures aimed at helping people to avoid repossession, including Support for Mortgage Interest loans for those in receipt of an income-related benefit, and protection in the courts through the Pre-Action Protocol, which makes clear that repossession must always be the last resort for lenders.<\/p>
<\/p>
More broadly, the Government has taken decisive action to support households across the UK through the cost-of-living challenges ahead, whilst remaining fiscally responsible. In addition to the £37 billion of support for the cost of living already announced for 2022-23, the Government has announced further support for next year designed to target the most vulnerable households. This cost-of-living support is worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities. The Government is also continuing to provide support to all households through the Energy Price Guarantee, which will save the average UK household £500 in 2023-24.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"}
}
, "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"}
, "answeringMemberPrinted" : {"_value" : "Andrew Griffith"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T14:27:21.187Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Mortgages"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact on the economy of someone losing their home due to being able to afford the cost of mortgage payments.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4471", "label" : {"_value" : "Biography information for Rachael Maskell"}
}
, "tablingMemberConstituency" : {"_value" : "York Central"}
, "tablingMemberPrinted" : [{"_value" : "Rachael Maskell"}
], "uin" : "94802"}
, {"_about" : "http://data.parliament.uk/resources/1544933", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1544933/answer", "answerText" : {"_value" : "
HMRC does not hold or publish this data.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T14:19:00.31Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Business: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what estimate he has made of the average increase in the cost in tax for businesses in Sefton Central constituency following the freeze to National Insurance announced in the Autumn Statement 2022.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4061", "label" : {"_value" : "Biography information for Bill Esterson"}
}
, "tablingMemberConstituency" : {"_value" : "Sefton Central"}
, "tablingMemberPrinted" : [{"_value" : "Bill Esterson"}
], "uin" : "94738"}
, {"_about" : "http://data.parliament.uk/resources/1545006", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1545006/answer", "answerText" : {"_value" : "
From January 2023, a 45 per cent tax will be levied on extraordinary returns being realised from non-carbon electricity generators, including solar generators, in the UK. The measure will raise around £14.2 billion over the scorecard and help fund support for households and businesses with their energy bills as well as vital public services.<\/p>
<\/p>
The levy will only be applied to a measure of extraordinary returns defined as returns from selling electricity for a period at an average price of more than £75/MWh. This is approximately 1.5 times the average price of electricity over the last decade. The Government considers this to be a proportionate approach to recovering a proportion of the extraordinary profits electricity generators are receiving whilst leaving them with a sufficient level of return to incentivise investment required to transition to net zero.<\/p>
<\/p>
The levy will be limited, through a de minimis threshold, to those groups generating more than 100 Gigawatt-hours per annum of electricity from in scope generation assets in a qualifying period and will only be applied on extraordinary profits in excess of £10m for the group. This means smaller generators will not be within scope of the levy.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "94669"}
, {"_value" : "94670"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T14:03:48.627Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity Generation: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Electricity Generator Levy on the financial viability of (a) solar projects already in operation and (b) solar projects under planning consideration; and what assessment he has made of the impact this will have on reaching the solar ambitions set out in the British Energy Security Strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/62", "label" : {"_value" : "Biography information for Dr Alan Whitehead"}
}
, "tablingMemberConstituency" : {"_value" : "Southampton, Test"}
, "tablingMemberPrinted" : [{"_value" : "Dr Alan Whitehead"}
], "uin" : "94668"}
, {"_about" : "http://data.parliament.uk/resources/1545007", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1545007/answer", "answerText" : {"_value" : "
From January 2023, a 45 per cent tax will be levied on extraordinary returns being realised from non-carbon electricity generators, including solar generators, in the UK. The measure will raise around £14.2 billion over the scorecard and help fund support for households and businesses with their energy bills as well as vital public services.<\/p>
<\/p>
The levy will only be applied to a measure of extraordinary returns defined as returns from selling electricity for a period at an average price of more than £75/MWh. This is approximately 1.5 times the average price of electricity over the last decade. The Government considers this to be a proportionate approach to recovering a proportion of the extraordinary profits electricity generators are receiving whilst leaving them with a sufficient level of return to incentivise investment required to transition to net zero.<\/p>
<\/p>
The levy will be limited, through a de minimis threshold, to those groups generating more than 100 Gigawatt-hours per annum of electricity from in scope generation assets in a qualifying period and will only be applied on extraordinary profits in excess of £10m for the group. This means smaller generators will not be within scope of the levy.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "94668"}
, {"_value" : "94670"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T14:03:48.657Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity Generation: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, how solar feed-in tariff projects and the pre-determined revenue streams they deliver will be considered under the Electricity Generator Levy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/62", "label" : {"_value" : "Biography information for Dr Alan Whitehead"}
}
, "tablingMemberConstituency" : {"_value" : "Southampton, Test"}
, "tablingMemberPrinted" : [{"_value" : "Dr Alan Whitehead"}
], "uin" : "94669"}
, {"_about" : "http://data.parliament.uk/resources/1545008", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1545008/answer", "answerText" : {"_value" : "
From January 2023, a 45 per cent tax will be levied on extraordinary returns being realised from non-carbon electricity generators, including solar generators, in the UK. The measure will raise around £14.2 billion over the scorecard and help fund support for households and businesses with their energy bills as well as vital public services.<\/p>
<\/p>
The levy will only be applied to a measure of extraordinary returns defined as returns from selling electricity for a period at an average price of more than £75/MWh. This is approximately 1.5 times the average price of electricity over the last decade. The Government considers this to be a proportionate approach to recovering a proportion of the extraordinary profits electricity generators are receiving whilst leaving them with a sufficient level of return to incentivise investment required to transition to net zero.<\/p>
<\/p>
The levy will be limited, through a de minimis threshold, to those groups generating more than 100 Gigawatt-hours per annum of electricity from in scope generation assets in a qualifying period and will only be applied on extraordinary profits in excess of £10m for the group. This means smaller generators will not be within scope of the levy.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "94668"}
, {"_value" : "94669"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T14:03:48.567Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity Generation: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if he will make it his policy to exempt from the Energy Generator Levy the revenues collected from new solar assets that start operating from January 2023.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/62", "label" : {"_value" : "Biography information for Dr Alan Whitehead"}
}
, "tablingMemberConstituency" : {"_value" : "Southampton, Test"}
, "tablingMemberPrinted" : [{"_value" : "Dr Alan Whitehead"}
], "uin" : "94670"}
, {"_about" : "http://data.parliament.uk/resources/1545063", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1545063/answer", "answerText" : {"_value" : "
Trading Standards officers are not part of HMRC. They are a separate local government service.<\/p>
<\/p>
However, HMRC works very closely with TS to tackle illicit tobacco. HMRC introduced legislation for tougher sanctions to tackle illicit tobacco sales in Finance Act 2022 including a new civil penalty of up to £10,000 for serious breaches. The new sanctions will take the innovative approach of HMRC and Trading Standards (TS) both working together to enforce them. Secondary legislation will be introduced next year setting out the detail on how the sanctions will operate.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"}
}
, "answeringMemberConstituency" : {"_value" : "South Suffolk"}
, "answeringMemberPrinted" : {"_value" : "James Cartlidge"}
, "dateOfAnswer" : {"_value" : "2022-11-28", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-28T16:14:49.863Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Tobacco: Smuggling"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what steps his Department is taking to include Trading Standards officers in the HMRC with the power to fine retailers for selling illicit tobacco products.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1604", "label" : {"_value" : "Biography information for Mr Virendra Sharma"}
}
, "tablingMemberConstituency" : {"_value" : "Ealing, Southall"}
, "tablingMemberPrinted" : [{"_value" : "Mr Virendra Sharma"}
], "uin" : "94724"}
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