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748059

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Debts
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the levels of household debt in the (a) Borough of Rochdale and (b) UK in the last 12 months.
tabling member constituency	Heywood and Middleton
tabling member printed	Liz McInnes
uin	2789
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The latest data shows median household financial debt in the North West is the second lowest of any English region.</p><p> </p><p>In the UK as a whole, household debt-to-income has increased marginally from 141% 12 months ago to 145% in Q1 2017. This remains significantly below the pre-crisis peak of 160% in Q1 2008.</p><p> </p><p>The independent Financial Policy Committee (FPC) was set up by the government to assess and mitigate financial stability risks, including from household debt. The FPC has taken action to ensure against a significant rise in highly indebted households.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 10/07/2017 15:45:02 answering member 4095 label Biography information for Steve Barclay
tabling member	4342 label Biography information for Liz McInnes

748061

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Foreign Exchange: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the Answer of 18 April 2017 to Question 69488, whether the results of research into the impact of pricing structures on consumer understanding of foreign currency transaction fees will inform forthcoming payment services regulations.
tabling member constituency	West Aberdeenshire and Kincardine
tabling member printed	Andrew Bowie
uin	2823
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>In its Answer of 18 April 2017 to Question 69488, the Government stated that it was conducting research on the effects of transparency in overseas money transfers (involving foreign exchange) on consumer decisions. This research will help to inform the Government's response to the consultation on draft regulations for the implementation of the Second Payment Services Directive. This response will be published shortly.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 11/07/2017 14:57:20 answering member 4095 label Biography information for Steve Barclay
tabling member	4601 label Biography information for Andrew Bowie

748071

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the projected annual cost is of bonuses due to holders of Help-to-Buy and Lifetime ISAs for each financial year from 2017-18 onwards.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	2798
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>An update to the costings for the Help to Buy: ISA can be found in the supporting documents to the Autumn Statement 2016. The expected cost of the government bonus payments through the Help to Buy: ISA is £1.2 billion from 2016-17 to 2019-20.</p><p>The expected cost of government bonus payments through the Lifetime ISA is as follows:</p><p>£170m in 2017/18</p><p>£330m in 2018/19</p><p>£580m in 2019/20</p><p>£830m in 2020/21</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 11/07/2017 14:55:27 answering member 4095 label Biography information for Steve Barclay
tabling member	400 label Biography information for John Healey

748073

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	House Insurance: High Rise Flats
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with the insurance industry after the Grenfell Tower fire to ensure that residents of other tower blocks (a) can take out building or contents insurance and (b) do not pay more as a result of the fire at Grenfell Tower.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	2793
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority (FCA) rules. The FCA sets the conduct standards required of insurance firms which aim to ensure consumers are treated fairly.</p><p> </p><p>The Chancellor has discussed the Grenfell tower disaster with leading industry representatives to get an understanding of how they may respond, and any possible impact on insurance for residents. The industry have said that it is too early to properly understand the implications, so have not yet made any changes to their underwriting models or pricing strategies.</p><p> </p><p>The Treasury has also been in contact with leading insurance companies and has received assurances that no individuals in tower blocks have been refused access to home insurance as a result of the fire at Grenfell Tower. Officials remain in regular contact with the insurance industry to understand how it may shape their view of fire risk. The Treasury will continue to monitor the situation and will investigate this matter further if it sees evidence of customers in tower blocks being treated unfairly.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 11/07/2017 15:01:00 answering member 4095 label Biography information for Steve Barclay
tabling member	400 label Biography information for John Healey

748334

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many and what proportion of eligible businesses have been referred to designated finance platforms under the Bank Referral Scheme since its implementation.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2784
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>Information on the eligible businesses that have been referred to designated finance platforms under the Bank Referral Scheme since its implementation will be published in due course.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 11/07/2017 14:56:20 answering member 4095 label Biography information for Steve Barclay
tabling member	4031 label Biography information for Rachel Reeves