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1237341

	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 24/09/2020 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 answering member printed John Glen grouped question UIN 91742 question first answered 24/09/2020 09:16:48 answering member 4051 label Biography information for John Glen

1168280

	registered interest
	date	19/12/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will review the lending requirements for mortgages to ensure the affordability of rents and repayments in relation to the current salary multiplier requirement.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	type	WrittenParliamentaryQuestion
	uin	84
	answer	answer is ministerial correction date of answer 13/01/2020 answer text <p>The Financial Conduct Authority’s (FCA) ‘Mortgage Market Review’ regulations are based on the principle that mortgages should only be advanced where there is a reasonable expectation that borrowers can repay. To provide new mortgage loans, all lenders must conduct an affordability assessment which includes a robust income and expenditure analysis, and the lender must obtain evidence of that income to support this assessment. Lenders must also comply with rules set by the Financial Policy Committee (FPC) at the Bank of England, intended to manage financial stability risks from the housing market, including a limit of 15% of new lending above 4.5 Loan-to-Income (LTI), and a stress test for loans at 3% above the Standard Variable Rate.</p><p> </p><p>Both the FCA and the Bank of England keep their mortgage market regulations under review to ensure that they meet their objectives. In May 2016 the FCA conducted a review of the MMR, finding that the regulations had been implemented as desired protecting consumers without unduly restricting the availability of credit. The FCA’s Mortgages Market Study of March 2019 also found that the market is working well for consumers. The FPC most recently reviewed their housing tools in December 2019 in their Financial Stability Report, including the 4.5 LTI cap, finding that they have had a positive impact in upholding strong underwriting standards to prevent an increase in the number of highly indebted households, whilst having only a limited impact on mortgage availability.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/01/2020 14:25:40 answering member 4051 label Biography information for John Glen
	tabling member	4006 label Biography information for Dr Matthew Offord

1168342

	registered interest
	date	19/12/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equitable Life Assurance Society
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to support people affected by the closure of Equitable Life.
	tabling member constituency	Portsmouth South
	tabling member printed	Mr Stephen Morgan
	type	WrittenParliamentaryQuestion
	uin	203
	answer	answer is ministerial correction date of answer 13/01/2020 answer text <p>After nearly 5 years of operation which saw over £1 billion paid to nearly 1 million affected policyholders, the Equitable Life Payment Scheme closed to claims in 2015. Further guidance on the status of the Payment Scheme after closure is available at <a href="https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme" target="_blank">https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme</a>. There are no plans to reopen the Payment Scheme or review the funding allocation made to it.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/01/2020 15:01:38 answering member 4051 label Biography information for John Glen
	tabling member	4653 label Biography information for Stephen Morgan

1168343

	registered interest
	date	19/12/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pension Funds: Closures
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government has taken to prevent the closure of pension companies since the closure of Equitable Life.
	tabling member constituency	Portsmouth South
	tabling member printed	Mr Stephen Morgan
	type	WrittenParliamentaryQuestion
	uin	204
	answer	answer is ministerial correction date of answer 13/01/2020 answer text <p>The Government implemented a new solvency regime, set out in the Solvency II Directive, which came into force on 1 January 2016. This risk-based regulatory system, under which UK insurance companies are regulated, was developed by the European Commission over approximately 15 years with input from the UK Government, regulators and industry.</p><p> </p><p>The Prudential Regulation Authority, the regulatory arm of the Bank of England, supervises UK insurance firms and groups under Solvency II. It has statutory objectives to promote the safety and soundness of the firms it regulates and contribute to securing an appropriate degree of protection for policyholders under the Financial Services and Markets Act 2000 (sections 2b and 2c).</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/01/2020 14:59:05 answering member 4051 label Biography information for John Glen
	tabling member	4653 label Biography information for Stephen Morgan

1168883

	registered interest
	date	06/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his policy is on preventing banks in the UK being used as depositories in the laundering of state funds from other nations.
	tabling member constituency	Edinburgh North and Leith
	tabling member printed	Deidre Brock
	type	WrittenParliamentaryQuestion
	uin	408
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p><strong>H</strong>M Treasury is responsible for the Money Laundering Regulations 2017 (‘the Regulations’). The Regulations set out the high-level requirements on regulated firms to combat money laundering and ensure that key professionals identify their customers and understand the purpose behind transactions, including the source of funds. The Regulations are designed to combat illicit finance, while minimising the burden on legitimate customers.</p><p> </p><p>The Regulations require firms in scope of the regulations to have in place appropriate risk-management systems and procedures to determine whether a customer (or their beneficial owner) is a Politically Exposed Person (PEP), family member of a PEP or close associate of a PEP.</p><p> </p><p>PEPs are individuals entrusted with a prominent public function. This definition includes but is not limited to heads of state, heads of government, ministers and deputy or assistant ministers, members of parliament or of similar legislative bodies.</p><p> </p><p>PEPs can pose a high money laundering risk because they may be able to abuse their position for private gain. Not all PEPs, however, pose the same money laundering risk; there is a hierarchy depending on country of origin and rank, from middle tier officials to individuals with significant or absolute control over the levers, patronage and resources in a given area. For example, the Financial Conduct Authority’s guidance states that UK PEPs should be considered as lower risk.</p><p> </p><p>Where a firm has identified that a customer (or their beneficial owner) is a PEP, family member or close associate of a PEP, it must conduct an appropriate range of Enhanced Due Diligence (EDD) measures. When carrying out EDD on PEPs, firms must take adequate measures to establish the source of wealth and source of funds which are involved in the proposed transaction or business relationship, get approval from senior management to establish or continue a relationship with that person and carry out enhanced monitoring of the business relationship.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:37:18 answering member 4051 label Biography information for John Glen
	tabling member	4417 label Biography information for Deidre Brock

1168961

	registered interest
	date	06/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mayflower: Anniversaries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will change the status of the Mayflower 400 commemorative coin from collectors-only to general circulation.
	tabling member constituency	Plymouth, Sutton and Devonport
	tabling member printed	Luke Pollard
	type	WrittenParliamentaryQuestion
	uin	467
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>The Royal Mint has a long-established tradition of producing coins in order to mark historic moments. The 400<sup>th</sup> anniversary of the Mayflower’s voyage is an important moment in our shared history with the United States and will rightly be celebrated with the production of a commemorative coin. The number and denomination of coins issued into circulation is dependent on demand from UK banks and Post Offices.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:41:17 answering member 4051 label Biography information for John Glen
	tabling member	4682 label Biography information for Luke Pollard

1169004

	registered interest
	date	07/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Cumbernauld
	house id	1
	legislature	25259 pref label House of Commons
	question text	What discussions he has had with (a) HMRC and (b) the Secretary of State for Scotland on proposals to close HMRC's Cumbernauld office.
	tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
	tabling member printed	Stuart C McDonald
	type	WrittenParliamentaryQuestion
	uin	900053
	answer	answer is ministerial correction date of answer 07/01/2020 answer text <p>HMRC announced its Locations Programme in 2015, which included the establishment of the Glasgow Regional Centre and closure of the Cumbernauld office. Ministers are kept up to date on HMRC’s progress in delivering the Locations Programme.</p><p> </p><p>The former Secretary of State for Scotland (Rt Hon David Mundell MP) met with HMRC representatives to discuss the closure of the Cumbernauld office and the relocation of staff to the Glasgow Regional Centre.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/01/2020 16:11:02 answering member 4051 label Biography information for John Glen
	tabling member	4393 label Biography information for Stuart C McDonald

1169153

	registered interest
	date	07/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will review the mortgage rules related to the EU Mortgage Credit Directive once the UK leaves the EU.
	tabling member constituency	Morley and Outwood
	tabling member printed	Mrs Andrea Jenkyns
	type	WrittenParliamentaryQuestion
	uin	1063
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>After the UK leaves the EU – which the Government is determined to do - we will have control over the rules that we set for our financial services sector. The UK is committed to uphold global, open markets underpinned by the highest standards of regulation and appropriate levels of supervisory oversight.</p><p> </p><p>Common rules will remain in place until the end of the Implementation Period on 31 December 2020. Any EU measures which become operative during that implementation period would therefore also apply in the UK.</p><p> </p><p>The Mortgage Credit Directive (MCD) was introduced by the European Commission following the financial crisis to improve standards for mortgage lending across the EU. The final text of the MCD was published in February 2014, with a requirement for Member States to transpose it into national law by 21 March 2016.</p><p> </p><p>The MCD aims to ensure a high level of consumer protection for mortgage applicants. The majority of its rules already aligned with the existing UK regulatory system for mortgages. For the most part, the Government therefore implemented the requirements through alteration to the Financial Conduct Authority’s (FCA) rules. The FCA monitors the impact of its rules on the market closely. For example, their Mortgages Market Study of March 2019 found that broadly the mortgage market is working well for consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:44:46 answering member 4051 label Biography information for John Glen
	tabling member	4490 label Biography information for Dame Andrea Jenkyns

1169165

	registered interest
	date	07/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Relations with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether regional impact assessments will be published for (a) the European Union (Withdrawal Agreement) Bill, (b) the Political Declaration and (c) the UK’s mandate for the next phase of negotiations on the UK's future relationship with the EU.
	tabling member constituency	Wigan
	tabling member printed	Lisa Nandy
	type	WrittenParliamentaryQuestion
	uin	992
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>The election result has shown that the British people want to get Brexit done, and they have given the government a strong and clear mandate to that end.</p><p>The government published an Impact Assessment in support of the WAB in October. It is a standard assessment of the direct costs and benefits to businesses of the elements of the Bill and remains valid for the current WAB.</p><p>The specifics of our future relationship with the EU will be the subject of the next phase of negotiations. We will keep Parliament updated throughout those discussions and provide analysis at appropriate points.</p><p>The Chancellor has stated that the upcoming Budget will set out ambitious plans to unleash Britain’s potential, level up across the UK and usher in a decade of renewal.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:44:16 answering member 4051 label Biography information for John Glen
	tabling member	4082 label Biography information for Lisa Nandy

1169215

	registered interest
	date	07/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Divorce: Civil Proceedings
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will review the transparency, clarity and regulation of litigation loans for divorces to ensure that customers are fully aware of the implications of those loans before taking them out.
	tabling member constituency	Bolton South East
	tabling member printed	Yasmin Qureshi
	type	WrittenParliamentaryQuestion
	uin	970
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>On 1 April 2014, the Government fundamentally reformed regulation of the consumer credit market, transferring regulatory responsibility to the Financial Conduct Authority (FCA).</p><p> </p><p>Like other types of credit, litigation funding in the form of credit is regulated by the FCA and therefore its Consumer Credit Sourcebook applies to these products.</p><p> </p><p>The FCA is looking at whether consumer harm needs to be mitigated in this sector and continues to monitor new firms providing credit to fund legal fees.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:46:20 answering member 4051 label Biography information for John Glen
	tabling member	3924 label Biography information for Yasmin Qureshi

1169756

	registered interest
	date	09/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking with the Payment Systems Regulator to assess the scale of the reduction in the number of free to use ATM's, particularly in rural areas in the last two years.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	type	WrittenParliamentaryQuestion
	uin	1696
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK.</p><p> </p><p>LINK, the scheme that runs the UK’s ATM network, has put in place a Financial Inclusion Programme that includes premium fees for ATM deployers to protect remote free-to-use ATMs one kilometre or further from the next nearest free-to-use ATM or Post Office counter. LINK recently announced that £5 million would also be made available to fund requests for new ATMs from local areas with poor access to cash.</p><p> </p><p>Furthermore, UK Finance – the trade association for the UK banking and financial services sector – has launched a Community Access to Cash Initiative, offering grants to local communities to improve cash access where an ATM is not appropriate or required.</p><p> </p><p>The Payment Systems Regulator is closely monitoring developments in the ATM market and has used its powers to hold LINK to account over commitments to preserve the broad geographic spread of ATMs.</p><p> </p><p>The Government continues to engage with the Payments Systems Regulator via the Joint Authorities Cash Strategy Group, along with the Financial Conduct Authority and the Bank of England, to ensure comprehensive oversight of the overall cash infrastructure.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:38:49 answering member 4051 label Biography information for John Glen
	tabling member	1409 label Biography information for Mr Gregory Campbell

1169868

	registered interest
	date	09/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equitable Life Assurance Society
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to provide financial relief to Equitable Life policyholders.
	tabling member constituency	Banff and Buchan
	tabling member printed	David Duguid
	type	WrittenParliamentaryQuestion
	uin	1782
	answer	answer is ministerial correction date of answer 15/01/2020 answer text <p>In 2010 the government allocated up to £1.5 billon, tax free, for payment to affected policyholders. More detail on the history of the action taken on this issue can be found at: <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report</a>.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/01/2020 12:28:06 answering member 4051 label Biography information for John Glen
	tabling member	4606 label Biography information for David Duguid

1169870

	registered interest
	date	09/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds: Payment Methods
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will take steps to make it the policy of National Savings & Investments to enable Premium Bond prize winners to have their prizes credited to their bank accounts by BACS irrespective of whether they have an email address as well as a postal address; and if he will make a statement.
	tabling member constituency	Christchurch
	tabling member printed	Sir Christopher Chope
	type	WrittenParliamentaryQuestion
	uin	1677
	answer	answer is ministerial correction date of answer 14/01/2020 answer text <p>National Savings &amp; Investments (‘NS&amp;I’) is required by regulations to notify its customers of their Premium Bond prizes. This ensures that customers are updated on their savings and are reassured around the security of their investments.</p><p>NS&amp;I notify its customers of their Premium Bond prizes by email, text message or post. Customers can also check whether they have won on the NS&amp;I website, prize checker app or Alexa Skill. NS&amp;I customers have the choice to receive their prizes either directly via BACS payments or by post. Since November 2019, NS&amp;I also offers BACS payments of prizes to customers who have registered their UK mobile phone number with its online and phone service.</p><p> </p><p>Additional support is offered to certain groups, including older and disabled people with additional needs. Under this process, such customers can opt to receive their Premium Bond prizes through BACS without needing an e-mail address.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/01/2020 12:41:41 answering member 4051 label Biography information for John Glen
	tabling member	242 label Biography information for Sir Christopher Chope

1170257

	registered interest
	date	13/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Fossil Fuels
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government is proactively encouraging businesses and investment funds to divest from fossil fuel based activities.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	type	WrittenParliamentaryQuestion
	uin	2579
	answer	answer is ministerial correction date of answer 16/01/2020 answer text <p>The Chancellor of the Exchequer will be attending the World Economic Forum Annual Meeting where sustainability is the overarching theme.</p><p><em> </em></p><p>In July 2019, the Government published the UK’s Green Finance Strategy. This set out the steps the Government is taking to encourage companies to consider and disclose their exposure to the financial risks posed by climate change. This includes the risks for investments into economic activities which can be considered as “brown”.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 2582 question first answered 16/01/2020 14:18:20 answering member 4051 label Biography information for John Glen
	tabling member	4523 label Biography information for Catherine West

1170260

	registered interest
	date	13/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	World Economic Forum
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether any Ministers of his Department will be (a) attending the World Economic Summit and (b) calling for investment firms to divest from fossil fuels at that summit.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	type	WrittenParliamentaryQuestion
	uin	2582
	answer	answer is ministerial correction date of answer 16/01/2020 answer text <p>The Chancellor of the Exchequer will be attending the World Economic Forum Annual Meeting where sustainability is the overarching theme.</p><p><em> </em></p><p>In July 2019, the Government published the UK’s Green Finance Strategy. This set out the steps the Government is taking to encourage companies to consider and disclose their exposure to the financial risks posed by climate change. This includes the risks for investments into economic activities which can be considered as “brown”.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 2579 question first answered 16/01/2020 14:18:20 answering member 4051 label Biography information for John Glen
	tabling member	4523 label Biography information for Catherine West

1170438

	registered interest
	date	13/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets: Myanmar
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the value is of the assets frozen under EU sanctions on targeted Burmese military and security personnel.
	tabling member constituency	Dundee West
	tabling member printed	Chris Law
	type	WrittenParliamentaryQuestion
	uin	2561
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. Details of assets reported to OFSI in 2019 are not yet available and will be published in OFSI’s 2019-2020 Annual Review.</p><p> </p><p>Details of assets reported to OFSI in 2018 were published in OFSI’s 2018-2019 Annual Review. As of September 2018, £11.9 billion of frozen funds across all regimes were reported to be held by UK institutions. This figure is provided on an aggregate basis so as not to indirectly disclose the value of funds held by particular individuals.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/01/2020 15:38:04 answering member 4051 label Biography information for John Glen
	tabling member	4403 label Biography information for Chris Law

1170604

	registered interest
	date	14/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Northern Rock
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make publish unredacted (a) marketing documents and (b) information memoranda provided by (i) HM Treasury, (ii) UK Asset Resolution and (iii) NRAM Ltd to potential bidders for portfolios of former Northern Rock mortgages.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	type	WrittenParliamentaryQuestion
	uin	3221
	answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>The details of these transactions are commercially sensitive and are, or have been, subject to non-disclosure agreements. Publishing these documents would damage the government’s reputation as a seller of assets, which would impair our ability to undertake future asset sales.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/01/2020 13:47:35 answering member 4051 label Biography information for John Glen
	tabling member	4253 label Biography information for Seema Malhotra

1170605

	registered interest
	date	14/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Northern Rock
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish unredacted data on (a) the interest revenue produced by the former Northern Rock mortgage book in public ownership, (b) the overall revenue produced by that book including revenue from redemptions, (c) the level of arrears at (i) one month or more and (ii) three months or more as a percentage of the overall balance of that book and (d) the average loan-to-value ratio of that book at (A) monthly and (B) quarterly intervals from the date Northern Rock was nationalised.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	type	WrittenParliamentaryQuestion
	uin	3222
	answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>NRAM publishes detailed information on its asset portfolios and revenue in its annual report and accounts – these reports are available at https://www.ukar.co.uk/nram/nram-financial-results/2019.</p><p> </p><p>UKAR regularly publishes a corporate factsheet on its overall portfolio and financial position – the latest edition of this update is available on UKAR’s website at https://www.ukar.co.uk/~/media/Files/U/Ukar-V3/documents/ukar-factsheet-05-06-2019.pdf</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/01/2020 13:44:28 answering member 4051 label Biography information for John Glen
	tabling member	4253 label Biography information for Seema Malhotra

1171069

	registered interest
	date	15/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Funerals: Pre-payment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to publish the results of his Department's consultation entitled, Regulation of pre-paid funeral plans: consultation on a policy proposal, that closed on 25 August 2019.
	tabling member constituency	Glasgow South
	tabling member printed	Stewart Malcolm McDonald
	type	WrittenParliamentaryQuestion
	uin	3808
	answer	answer is ministerial correction date of answer 23/01/2020 answer text <p>The government launched a call for evidence on the regulation of pre-paid funeral plans in June 2018 which found that the market is not operating as it should. The government found evidence of harm to consumers and found that there is broad support among funeral plan providers for the voluntary system of regulation to be replaced by a compulsory regulatory regime for the sector.</p><p> </p><p>Under the previous government we committed to ensuring that customers of pre-paid funeral plans are properly protected and consulted on a new legislative framework to bring the pre-paid funeral plan market within the remit of the Financial Conduct Authority. The consultation closed on 25 August and a response to the consultation will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/01/2020 16:06:02 answering member 4051 label Biography information for John Glen
	tabling member	4461 label Biography information for Stewart Malcolm McDonald

1171103

	registered interest
	date	15/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to implement the Fifth Anti-Money Laundering Directive of the EU.
	tabling member constituency	Edinburgh North and Leith
	tabling member printed	Deidre Brock
	type	WrittenParliamentaryQuestion
	uin	3776
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>The government transposed the vast majority of the provisions in the Fifth Anti-Money Laundering Directive into domestic law through, ‘<em>The Money Laundering and Terrorist Financing (Amendment) Regulations 2019’</em>, which came into force on 10 January 2020.</p><p> </p><p>This transposition ensures the UK’s AML/CTF regime remains comprehensive, responsive to emerging threats, and in line with evolving international standards set by the Financial Action Task Force.</p><p> </p><p>The consultation on the implementation of the Directive committed to a further technical consultation on the details of the implementation of measures related to trust registration. This consultation will launch in early 2020 and will ensure the Trust Registration Service contains a robust and proportionate framework, which will be transposed into domestic law during 2020.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/01/2020 09:37:46 answering member 4051 label Biography information for John Glen
	tabling member	4417 label Biography information for Deidre Brock

1171505

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	type	WrittenParliamentaryQuestion
	uin	4282
	answer	answer is ministerial correction date of answer 21/01/2020 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 answering member printed John Glen grouped question UIN 4283 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171506

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	type	WrittenParliamentaryQuestion
	uin	4283
	answer	answer is ministerial correction date of answer 21/01/2020 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 answering member printed John Glen grouped question UIN 4282 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171507

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many Child Trust Funds remain unlinked with the current details of the beneficial owner.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	type	WrittenParliamentaryQuestion
	uin	4284
	answer	answer is ministerial correction date of answer 21/01/2020 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 answering member printed John Glen grouped question UIN 4282 4283 4285 4286 question first answered 21/01/2020 15:29:20 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171508

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	type	WrittenParliamentaryQuestion
	uin	4285
	answer	answer is ministerial correction date of answer 21/01/2020 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 answering member printed John Glen grouped question UIN 4282 4283 4284 4286 question first answered 21/01/2020 15:29:20 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171509

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will list the financial firms who operate Child Trust Funds.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	type	WrittenParliamentaryQuestion
	uin	4286
	answer	answer is ministerial correction date of answer 21/01/2020 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 answering member printed John Glen grouped question UIN 4282 4283 4284 4285 question first answered 21/01/2020 15:29:20 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton