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1714896

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Highlands of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with banks on the potential impact of the removal of mobile bank services on people in (a) Bonar Bridge, (b) Lairg, (c) Helmsdale and (d) Dornoch.
tabling member constituency	Caithness, Sutherland and Easter Ross
tabling member printed	Jamie Stone
uin	24282
answer	answer is ministerial correction date of answer 14/05/2024 answer text <p>Decisions to open or close a branch or mobile banking service are commercial decisions for firms and the Government does not intervene. However, it is imperative that banks and building societies recognise the needs of all customers, including those who need to use in-person services.</p><p> </p><p>Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches, including mobile branches, or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned closures on their customers’ everyday banking and cash access needs, and put in place alternatives, where this is reasonable.</p><p> </p><p>Alternative options to access everyday banking services can be via telephone banking, through digital means such as mobile or online banking and via the Post Office or Banking Hubs.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 14/05/2024 08:10:47 answering member 4639 label Biography information for Bim Afolami
tabling member	4612 label Biography information for Jamie Stone

1714919

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reintroducing the expensive car supplement for electric vehicles at a higher threshold in the context of their relative price compared to petrol and diesel vehicles.
tabling member constituency	Stoke-on-Trent South
tabling member printed	Jack Brereton
uin	24292
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>As with all taxes, the Government keeps the Expensive Car Supplement under review, and any changes will be announced at a future fiscal event.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 08/05/2024 10:30:18 answering member 4850 label Biography information for Gareth Davies
tabling member	4643 label Biography information for Jack Brereton

1714962

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Poverty
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his fiscal policies of the report by Oxfam International entitled Inequality Inc., published on 15 January 2024.
tabling member constituency	Preston
tabling member printed	Sir Mark Hendrick
uin	24190
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>Distributional analysis published at Spring Budget 2024 shows that the overall level of public spending received and tax paid by households continues to be highly redistributive.</p><p> </p><p>The UK has mechanisms for taxing wealth across many different economic activities, including acquisition, holding, transfer and disposal of assets and income derived from assets. The UK also has a progressive income tax system – the top 5% of taxpayers were projected to pay nearly half of all income tax in 2023-24.</p><p> </p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 08/05/2024 10:32:10 answering member 4407 label Biography information for Nigel Huddleston
tabling member	473 label Biography information for Sir Mark Hendrick

1714978

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Information Sharing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his policy is on open finance.
tabling member constituency	North Herefordshire
tabling member printed	Sir Bill Wiggin
uin	24201
answer	answer is ministerial correction date of answer 07/05/2024 answer text <p>The financial services sector is currently at the forefront of Smart Data, through a combination of Open Banking and the HM Treasury-funded Centre for Finance, Innovation and Technology (CFIT), which recently published recommendations for driving Open Finance forward in the UK.</p><p> </p><p>HM Treasury has worked closely with the Department for Business and Trade as it developed its Smart Data roadmap, which sets out the government’s ambition for future Smart Data scheme development across seven different sectors, including finance, and is available here: <a href="https://www.gov.uk/government/publications/the-smart-data-roadmap-action-the-government-is-taking-in-2024-to-2025" target="_blank">https://www.gov.uk/government/publications/the-smart-data-roadmap-action-the-government-is-taking-in-2024-to-2025</a>.</p><p> </p><p>As set out in the roadmap, HM Treasury will carefully consider CFIT’s recommendations for Open Finance, alongside wider industry engagement, as it develops its strategy for Open Finance.</p><p> </p><p>In April 2024, HM Treasury also announced the launch of an industry-led taskforce, which will identify and prioritise Open Finance use cases and data-sets that could be unlocked to improve SME access to credit.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 07/05/2024 12:43:04 answering member 4639 label Biography information for Bim Afolami
tabling member	1428 label Biography information for Sir Bill Wiggin

1715021

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his policies of the workplace culture at the Financial Conduct Authority.
tabling member constituency	Bury South
tabling member printed	Christian Wakeford
uin	24349
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from Government, meaning it is responsible for internal matters, including its workplace culture.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 08/05/2024 15:04:15 answering member 4639 label Biography information for Bim Afolami
tabling member	4871 label Biography information for Christian Wakeford

1715041

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of efforts in New York State to ensure private creditor debtor terms are equal to those of other creditors to lower and middle-income countries; and what plans they have, if any, to enact similar legislation in the UK.
tabling member printed	Baroness Goudie
uin	HL4215
answer	answer is ministerial correction date of answer 14/05/2024 answer text <p>The UK, alongside the G20 and Paris Club, expects creditors, including private creditors, to participate in debt restructurings on comparable terms.</p><p> </p><p>At this stage, the Government is not pursuing a legislative approach that would force private or other lenders to participate in debt restructurings. The Government is focused on delivering a market-based (contractual) approach to private sector participation, including taking the lead in developing Majority Voting Provisions for private syndicated loans. These promote more efficient restructurings and reduce the ability for creditors to hold out.</p> answering member printed Baroness Vere of Norbiton question first answered 14/05/2024 14:39:19 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3575 label Biography information for Baroness Goudie

1715053

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what discussions they have had with the Northern Ireland Executive, since the restoration of devolved institutions in Northern Ireland on 3 February, about financial allocations from the Treasury.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL4234
answer	answer is ministerial correction date of answer 14/05/2024 answer text <p>The UK Government has regular discussions with its devolved administration counterparts, including the Northern Ireland Executive.</p><p> </p><p>Since the restoration of the Northern Ireland Executive, the Chief Secretary to the Treasury has met with the Northern Ireland Finance Minister on three occasions.</p><p> </p><p>UK Government officials continue to engage regularly with the Northern Ireland Executive on the implementation of all aspects of the UK Government’s £3.3 billion restoration financial package which will stabilise and transform Northern Ireland’s public finances.</p> answering member printed Baroness Vere of Norbiton question first answered 14/05/2024 14:06:13 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1715062

registered interest
date	30/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Housing: Sales
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the 12 per cent increase in house sales during April; and what steps they are taking to support first-time buyers.
tabling member printed	Lord Taylor of Warwick
uin	HL4243
answer	answer is ministerial correction date of answer 14/05/2024 answer text <p>The most comprehensive measure of UK property transactions is published by HMRC. According to this measure, residential property transactions rose by 1% in March 2024 compared to February, the third consecutive monthly increase.</p><p> </p><p>The Government continues to monitor developments in the housing market closely and consider the implications.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 14/05/2024 14:39:49 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1714515

registered interest
date	29/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Unions
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 implications for his policies of the reduction in numbers of credit unions.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	24061
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>The Government is a strong supporter of credit unions, recognising the vital role they play in local communities throughout the country.</p><p> </p><p>Through the Financial Services and Markets Act 2023, the Government allowed credit unions in Great Britain to offer a wider range of products and services, diversifying their income streams and enhancing their role in financial inclusion.</p><p> </p><p>According to the latest data from the PRA, credit union membership in Great Britain has increased for the fifth consecutive quarter, reaching a record level of over 1.5 million. Their total assets have also increased to over £2.67 billion.</p><p> </p><p>The Government continues to engage with the credit union sector to assess how they can best be supported moving forward.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 08/05/2024 14:53:31 answering member 4639 label Biography information for Bim Afolami
tabling member	4418 label Biography information for Justin Madders

1714523

registered interest
date	29/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Prime Minister’s speech in Warsaw on 23 April 2024, whether his Department has (a) conducted an assessment of costings and (b) developed proposals for how to fund the commitment to spend 2.5% of gross domestic product on defence by 2030.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	23982
answer	answer is ministerial correction date of answer 02/05/2024 answer text <p>We have made a commitment to steadily increase defence spending, reaching 2.5% of GDP in 2030. We have also set out how we are fully funding this increase in defence spending.</p><p> </p> answering member constituency Sevenoaks answering member printed Laura Trott grouped question UIN 23991 question first answered 02/05/2024 14:39:02 answering member 4780 label Biography information for Laura Trott
tabling member	400 label Biography information for John Healey