The UK and EU negotiating teams have reached agreement on the terms of an Implementation Period that will start on 29 March 2019 and last until 31 December 2020. During the Implementation Period, the UK will no longer be a Member State of the European Union, but market access will continue on current terms. This would mean that the current ban on surcharging consumer credit and debit cards, as set out in the second Payment Services Directive, would apply during an Implementation Period.<\/p>
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In the event that the UK leaves the European Union without a Withdrawal Agreement or Implementation Period, credit and debit card transactions with UK payment cards in EU member states could become more expensive and surcharges may be applied, given the UK would be treated as a third country in relation to the EU. As the second Payment Services Directive, which currently bans surcharging for consumer credit and debit cards issued in EU Member States, would no longer apply to UK payment cards, any changes would be a result of the laws of individual EU Member States. The UK Government cannot legislate with respect to surcharges applied by merchants in the EU, and any decision to apply a surcharge would be a commercial decision by the merchant.<\/p>
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Merchants in the UK will continue to be banned from applying surcharges to payments made by a consumer credit or debit card issued by a provider based in the UK.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1091", "label" : {"_value" : "Biography information for Lord Bates"} } , "answeringMemberPrinted" : {"_value" : "Lord Bates"} , "dateOfAnswer" : {"_value" : "2019-03-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-03-11T15:08:44.247Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-02-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Credit Cards: Fees and Charges"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what charges they expect to be applied after Brexit to UK credit card transactions in EU member states.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/615", "label" : {"_value" : "Biography information for Lord Bruce of Bennachie"} } , "tablingMemberPrinted" : [{"_value" : "Lord Bruce of Bennachie"} ], "uin" : "HL13978"} , {"_about" : "http://data.parliament.uk/resources/1077097", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1077097/answer", "answerText" : {"_value" : "
The Government\u2019s ambition for the future relationship is to preserve the economic benefits of the most important financial services traded between the UK and EU, and ensure stable institutional processes for governing it. This ambition is reflected in the Political Declaration agreed between UK and EU negotiators last November.<\/p>
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Leaving the EU with a deal remains the Government\u2019s top priority, and the Prime Minister is continuing to work to obtain legally binding changes to the Withdrawal Agreement that deal with parliament\u2019s concerns on the backstop. However, it is the role of a responsible Government to prepare for all outcomes, including no-deal.<\/p>
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As a result, the Government - through the onshoring programme and Financial Services (Implementation of Legislation) Bill - is also doing the necessary work to make sure that we continue to have a stable and functioning financial services regime at the point of leaving the EU in any scenario and to minimise disruption for UK households and businesses.<\/p>
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The UK\u2019s post-Brexit strategy for financial institutions will depend heavily on the final terms of our exit from the European Union, and the nature of our relationship post-Exit. We remain committed to preserving our competitive position as a world leader in financial services after the UK has left the EU.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1091", "label" : {"_value" : "Biography information for Lord Bates"} } , "answeringMemberPrinted" : {"_value" : "Lord Bates"} , "dateOfAnswer" : {"_value" : "2019-03-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-03-11T15:29:11.643Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-02-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Banks"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what steps they are taking to help co-ordinate a post-Brexit strategy for financial institutions in the UK banking sector.", "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" : "HL14017"} , {"_about" : "http://data.parliament.uk/resources/1077134", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1077134/answer", "answerText" : {"_value" : "
We welcome the BioIndustry Association report, which the Government launched at the BioIndustry Association\u2019s event, Strategic Technologies in Life Sciences: The Future is Now, attended by myself on 24 January 2018. The Government is proactively supporting the UK\u2019s strong life sciences sector.<\/p>
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The Government has published two Life Sciences Sector Deals, which are supported by the Government\u2019s commitment to delivering the biggest increase in R&D investment for 40 years. Since Autumn 2016, Government has committed an additional £7 billion in R&D by 2021-22, demonstrating clear progress towards the Government\u2019s ambition to raise investment in R&D in the economy to 2.4% of GDP by 2027.<\/p>
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At Budget 2017 the Government also announced a 10-year action plan to unlock over £20bn to finance growth in innovative firms, including life science companies.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"} } , "answeringMemberConstituency" : {"_value" : "Newark"} , "answeringMemberPrinted" : {"_value" : "Robert Jenrick"} , "dateOfAnswer" : {"_value" : "2019-03-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-03-05T16:06:42.613Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-02-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Biotechnology"} , "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 implications for his policies of the BioIndustry Association report entitled Confident capital: backing U.K. biotech, published on 1 January 2019; and what steps he is taking to help ensure that 2019 is a successful year for the U.K. biotechnology sector.", "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" : "225533"} , {"_about" : "http://data.parliament.uk/resources/1077215", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1077215/answer", "answerText" : {"_value" : "
The government launched a call for evidence on the regulation of pre-paid funeral plans in June 2018, having concluded that the current framework of self-regulation is not sufficient to ensure the fair treatment of consumers, and a more robust regulatory regime is needed.<\/p>
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The call for evidence was launched in order to aid in the design of a more appropriate regulatory framework and noted that government\u2019s initial preferred approach is to bring all funeral plan contracts into the scope of FCA regulation.<\/p>
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HM Treasury has now analysed the submissions to the call for evidence on pre-paid funeral plans and is currently reviewing the available policy options.<\/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" : "2019-02-28", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-02-28T15:45:43.873Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-02-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Funerals: Pre-payment"} , "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 merits of urgently bringing forward legislative proposals for the regulation of the sale of pre-paid funeral plans under the remit of the Financial Conduct Authority.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1409", "label" : {"_value" : "Biography information for Mr Gregory Campbell"} } , "tablingMemberConstituency" : {"_value" : "East Londonderry"} , "tablingMemberPrinted" : [{"_value" : "Mr Gregory Campbell"} ], "uin" : "225427"} , {"_about" : "http://data.parliament.uk/resources/1077216", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1077216/answer", "answerText" : {"_value" : "