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1237341
answer
answer
is ministerial correction false more like this
date of answer less than 2020-09-24more like thismore than 2020-09-24
answer text <p>This Government is committed to building back better and investing in the green infrastructure that will help us to achieve our climate change objectives and level up the country. At the Plan for Jobs 2020, the Government announced an ambitious £3.05 billion package including the Green Homes Grant, designed to aid homeowners and landlords retrofit to upgrade the energy and cost efficiency of their homes. At Spring Budget 2020 the Government announced at least £800 million to support Carbon Capture and Storage (CCS) in two initial industrial clusters, the first by the mid-2020s and the second by 2030. CCS has the potential to reduce carbon emissions from power plants and factories. And on Tuesday (22 September), Dogger Bank Wind Farm announced the creation of almost 250 jobs in the North East on a project that will be capable of powering up to 4.5m homes when complete.</p><p> </p><p>Our upcoming National Infrastructure Strategy will set out our long-term economic infrastructure ambitions, focusing on decarbonisation and levelling up the nation.</p><p> </p><p>The UK is a global centre for sustainable finance with an established reputation in green finance and a frontrunner in the structuring, underwriting, and listing of green bonds, with more than 100 bonds listed on the London Stock Exchange, raising over $26 billion across eight currencies</p><p> </p><p>The government has been carefully considering the potential issuance of a UK sovereign green bond and will keep this under review. The government remains open to the introduction of new debt instruments, but would need to be satisfied that any new instrument would meet value-for-money criteria, enjoy strong and sustained demand in the long term and be consistent with wider fiscal objectives.</p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN 91742 more like this
question first answered
less than 2020-09-24T09:16:48.077Zmore like thismore than 2020-09-24T09:16:48.077Z
answering member
4051
label Biography information for John Glen more like this
1464948
registered interest false more like this
date less than 2022-05-23more like thismore than 2022-05-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Monetary Policy more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the (a) effectiveness of money supply figures (i) six-month real, (ii) M1, (iii) M3, (iv) M4 in determining the state of the economy and (b) potential merits of more or less monetary tightening. more like this
tabling member constituency Bognor Regis and Littlehampton more like this
tabling member printed
Nick Gibb more like this
uin 6669 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-05-26more like thismore than 2022-05-26
answer text <p>The Government continually monitors a range of economic indicators and developments to consider the impact of these on businesses and households.</p><p> </p><p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and the assets held in the Asset Purchase Facility (APF). The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
question first answered
less than 2022-05-26T10:19:31.703Zmore like thismore than 2022-05-26T10:19:31.703Z
answering member
4051
label Biography information for John Glen more like this
tabling member
111
label Biography information for Nick Gibb more like this
1001947
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Mortgages: EU Law more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the EU Mortgage Credit Directive on access to lower mortgage rates. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 187982 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>The EU Mortgage Credit Directive (MCD), which came into force in March 2016, prevents lenders waiving the affordability requirements when a borrower moves to a new lender. As a result some borrowers may find it harder to switch to a new lender to access lower rates.</p><p> </p><p>While we must comply with the MCD, the Financial Conduct Authority have put in place exemptions which allow lenders to waive affordability requirements for customers that are remortgaging with their existing lender but not increasing the size of their debt. In addition in July 2018, UK Finance, the Building Socieities Association, and the Intermediary Mortgage Lenders Association, announced a cross industry voluntary agreement. Under this agreement lenders undertook to write by the end of 2018 to any borrowers on the reversion rate who are up to date with payments, and have a minimum of 2 years and £10,000 left on their mortgage, to let them know they can access lower mortgage rates with their existing lender. Officials in the Treasury continue to work closely with the FCA and industry to explore what more can be done<strong>. </strong></p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
question first answered
less than 2018-11-12T17:49:19.453Zmore like thismore than 2018-11-12T17:49:19.453Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1010571
registered interest false more like this
date less than 2018-11-20more like thismore than 2018-11-20
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Mortgages: Interest Rates more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what support is available to borrowers seeking to access lower mortgage rates in the event that their proposed new lender or current lender is not signed up to the Government's voluntary agreement with UK Finance, the Building Socieities Association and the Intermediary Mortgage Lenders Association. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 193356 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-28more like thismore than 2018-11-28
answer text <p>67 lenders representing 95% of the UK’s residential mortgage market have signed up to the industry voluntary agreement to help mortgage prisoners.</p><p> </p><p>As set out in my response to your PQ tabled 5<sup>th</sup> November 2018 officials in the Treasury continue to work closely with the FCA and industry to explore what more can be done. This will include where lenders are not signed up to the industry’s voluntary agreement.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
question first answered
less than 2018-11-28T13:00:27.83Zmore like thismore than 2018-11-28T13:00:27.83Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1171505
registered interest false more like this
date less than 2020-01-16more like thismore than 2020-01-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Child Trust Fund more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how many Child Trust Fund accounts were taken out between their introduction in September 2002 and their replacement by junior ISA's in January 2011; and how much was invested in them from public funds. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 4282 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-01-21more like thismore than 2020-01-21
answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN
4283 more like this
4284 more like this
4285 more like this
4286 more like this
question first answered
less than 2020-01-21T15:29:19.9Zmore like thismore than 2020-01-21T15:29:19.9Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1171506
registered interest false more like this
date less than 2020-01-16more like thismore than 2020-01-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Child Trust Fund more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much was contributed to Child Trust Funds from parents and relatives; and to how many accounts. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 4283 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-01-21more like thismore than 2020-01-21
answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN
4282 more like this
4284 more like this
4285 more like this
4286 more like this
question first answered
less than 2020-01-21T15:29:19.947Zmore like thismore than 2020-01-21T15:29:19.947Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1171507
registered interest false more like this
date less than 2020-01-16more like thismore than 2020-01-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Child Trust Fund more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how many Child Trust Funds remain unlinked with the current details of the beneficial owner. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 4284 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-01-21more like thismore than 2020-01-21
answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN
4282 more like this
4283 more like this
4285 more like this
4286 more like this
question first answered
less than 2020-01-21T15:29:20.01Zmore like thismore than 2020-01-21T15:29:20.01Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1171508
registered interest false more like this
date less than 2020-01-16more like thismore than 2020-01-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Child Trust Fund more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much money is invested in Child Trust Funds which will be eligible to be accessed by their beneficial holder from September 2020. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 4285 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-01-21more like thismore than 2020-01-21
answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN
4282 more like this
4283 more like this
4284 more like this
4286 more like this
question first answered
less than 2020-01-21T15:29:20.057Zmore like thismore than 2020-01-21T15:29:20.057Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1171509
registered interest false more like this
date less than 2020-01-16more like thismore than 2020-01-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Child Trust Fund more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will list the financial firms who operate Child Trust Funds. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 4286 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-01-21more like thismore than 2020-01-21
answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
grouped question UIN
4282 more like this
4283 more like this
4284 more like this
4285 more like this
question first answered
less than 2020-01-21T15:29:20.103Zmore like thismore than 2020-01-21T15:29:20.103Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this
1182948
registered interest false more like this
date less than 2020-03-02more like thismore than 2020-03-02
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Markets: Switzerland more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer what recent discussions he has had with his Swiss counterpart on equivalence between UK and Swiss financial markets and products after the transition period. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 901126 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-03-05more like thismore than 2020-03-05
answer text <p>The UK and Switzerland have a strong and established relationship on financial services, with a large volume of cross-border financial services trade.</p><p> </p><p>To ensure continuity in our relationship, the government has converted all equivalence decisions that the European Union currently has with Switzerland (with the exception of Central Clearing Counterparties equivalence), into UK domestic law. This means that they will continue to apply when the transition period ends.</p><p> </p><p>The ability for HM Treasury to make equivalence decisions becomes active from the end of the Transition Period. After this time, HM Treasury will be able to grant equivalence to non-EEA jurisdictions. The UK is committed to maintaining an outcomes-based model of equivalence which recognises that a combination of different rules and supervisory practices may be used to achieve the same levels of resilient, market integrity, consumer protection, and financial stability.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen remove filter
question first answered
less than 2020-03-05T12:50:49.67Zmore like thismore than 2020-03-05T12:50:49.67Z
answering member
4051
label Biography information for John Glen more like this
tabling member
114
label Biography information for Tim Loughton more like this