Notwithstanding that the comments referred to were made by the previous government, this government\u2019s policy is that the Money Laundering Regulations are a vital part of the UK\u2019s comprehensive economic crime response and should not be a barrier to legitimate customers.<\/p>
While the process of granting an export licence is thorough, it does not consider the source of funds related to the movement of relevant goods. It is therefore right that firms are required to carry out their own, risk-based due diligence when providing financial services to those engaged in the defence industry, regardless of any licences those customers may hold.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-08T09:44:58.623Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Ukraine: Armoured Fighting Vehicles"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government further to the remarks by Lord Ahmad of Wimbledon on 9 February 2023 (HL Deb col 1425), whether it is their policy that the integrity of the money laundering regulations is to be prioritised over facilitating the export of armoured fighting vehicles to Ukraine under previously granted export licences.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3425", "label" : {"_value" : "Biography information for Earl Attlee"} } , "tablingMemberPrinted" : [{"_value" : "Earl Attlee"} ], "uin" : "HL480"} , {"_about" : "http://data.parliament.uk/resources/1724752", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1724752/answer", "answerText" : {"_value" : "
The Government has noted the trend observed in external analysis and commentary of relative decreased investment from pension funds in UK companies.<\/p>
That is why the Chancellor has announced a landmark pensions review as a part of the Government\u2019s mission to boost economic growth and investment in the UK. Under plans unveiled by the new Chancellor, billions of pounds of investment could be unlocked in the UK economy from defined contribution schemes alone. Defined contribution schemes will be managing around £800 billion in assets by the end of the decade and the Review will explore ways to increase their investment into UK productive assets. The Review will also look at how to unlock the investment potential of the £360 billion within the Local Government Pension Scheme, which manages the savings of those working to deliver our vital local services, as well as how to tackle the £2 billion that is being spent on fees.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-07T10:14:36.767Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Pension Funds"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what assessment they have made of the proportion of UK pension funds invested in UK companies, and what steps they are taking to increase such investment.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4958", "label" : {"_value" : "Biography information for The Earl of Effingham"} } , "tablingMemberPrinted" : [{"_value" : "The Earl of Effingham"} ], "uin" : "HL495"} , {"_about" : "http://data.parliament.uk/resources/1724807", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1724807/answer", "answerText" : {"_value" : "
Due to an administrative error, an unredacted version of the Chancellor\u2019s speech was uploaded to GOV.UK. This was swiftly amended as soon as the error was flagged and an updated, redacted version was uploaded having been reviewed by senior managers.<\/p>
Per best practice, this was tagged as \u201cinformation has been added, updated or removed\u201d and is visible on GOV.UK as \u201cupdate to redacted content.\u201d<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-08T09:44:11.367Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Public Expenditure"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the publication of the Chancellor statement on public spending inheritance on gov.uk on 29 July, what edited changes were made in the \"update to redacted content\" on 29 July; whether a ministerial speech was originally posted on gov.uk with party political content and, if so, why; whether the Permanent Secretary was consulted on the original upload or the subsequent changes; and what steps are being taken to ensure ongoing compliance of HM Treasury\u2019s departmental communications with both the Civil Service Code and the Government Communication Service's Propriety & Ethics Guidance for Government Communicators.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Neville-Rolfe"} ], "uin" : "HL519"} , {"_about" : "http://data.parliament.uk/resources/1723952", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1723952/answer", "answerText" : {"_value" : "
The Government is confident that the measure to introduce VAT on private school fees is compatible with the Human Rights Act 1998.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-07T10:01:16.6Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Private Education: Fees and Charges"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what assessment they have made of the compatibility of their proposal to levy VAT on fees at independent schools with Article 2 of the First Protocol of the European Convention on Human Rights; whether they have taken independent legal advice on this matter; and, if so, whether they plan publish such advice.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4171", "label" : {"_value" : "Biography information for Lord Black of Brentwood"} } , "tablingMemberPrinted" : [{"_value" : "Lord Black of Brentwood"} ], "uin" : "HL412"} , {"_about" : "http://data.parliament.uk/resources/1724011", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1724011/answer", "answerText" : {"_value" : "
A key outcome of the government\u2019s clean energy mission will be greater energy security and independence. The government recognises that oil and gas production in the North Sea will continue to play a role in our energy mix for decades to come. The government will achieve a phased and responsible transition by taking a proportionate approach that ensures the oil and gas sector continues to play a role whilst contributing more towards our clean energy transition.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-07T10:13:25.997Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Energy: Taxation"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what assessment they have made of the likely impact of their proposed increase in the windfall tax on the UK\u2019s energy security.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL469"} , {"_about" : "http://data.parliament.uk/resources/1724012", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1724012/answer", "answerText" : {"_value" : "
The Government is committed to protecting access to cash for individuals and businesses. The Financial Conduct Authority is the regulator responsible for access to cash further to the Financial Services and Markets Act 2023, with powers to seek to ensure the reasonable provision of cash withdrawal and deposit facilities for individuals and businesses, including free withdrawal services for individuals.<\/p>
The FCA published its final rules on access to cash on 24 July. Under its rules, designated firms will be required to undertake assessments of a community\u2019s cash needs following the closure of a service or a community request, and to put in a new service if necessary. These rules come into force on 18 September.<\/p>
<\/p>
The Government also recognises the importance of banking services to communities and high streets and has committed to work closely with the banks to roll out 350 banking hubs over the next five years.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-08-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-08-07T10:13:59.31Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Bank Services: Disadvantaged"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what steps they are taking to improve access to banking services for individuals who rely primarily on cash because of digital exclusion.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL470"} , {"_about" : "http://data.parliament.uk/resources/1723797", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1723797/answer", "answerText" : {"_value" : "
The government is committed to maintaining a constructive dialogue with the oil and gas sector on the implementation of the changes to the Energy Profits Levy. We will continue to engage with the sector ahead of publishing further details of final policy and impacts at Budget.<\/p>
<\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-08-05", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-08-05T14:10:47.873Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-07-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "North Sea Oil: 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 her Department (a) has made and (b) plans to make of the potential impact of (i) increasing and (ii) extending the windfall tax on oil producers on businesses in the North East of Scotland; and what steps she plans to take to assist businesses affected by that tax.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4735", "label" : {"_value" : "Biography information for Stephen Flynn"}
}
, "tablingMemberConstituency" : {"_value" : "Aberdeen South"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Flynn"}
], "uin" : "1979"}
, {"_about" : "http://data.parliament.uk/resources/1723419", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1723419/answer", "answerText" : {"_value" : " As the Chancellor announced on 29 July, as of 1 January 2025, all education services and vocational training supplied by a private school in the UK for a charge will be subject to VAT at the standard rate of 20%. Boarding services closely related to such a supply will also be subject to VAT at 20%. Any fees paid from 29 July 2024 pertaining to the term starting in January 2025 onwards will be subject to VAT. Furthermore, where a school in England has charitable status, the government will legislate to remove their eligibility to business rates charitable rates relief. This is intended to take effect from April 2025, subject to parliamentary passage.<\/p> <\/p> This was a tough but necessary decision that will secure additional funding to help deliver the government\u2019s commitments relating to education and young people, including opening 3,000 new nurseries, rolling out breakfast clubs to all primary schools, and recruiting 6,500 new teachers.<\/p> <\/p> The Government engages with a wide range of stakeholders with an interest in Government policy, including VAT, as part of the policy development and implementation process as a matter of course.<\/p> <\/p>