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1236089

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to implement a system to (a) measure, (b) analyse and (c) report how well the cash system performs for consumers.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	92913
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The Government and regulators are closely monitoring developments relating to impacts on cash access and usage, particularly in light of COVID-19, including through the Joint Authorities Cash Strategy Group. This group, chaired by the Treasury, aims to ensure coordinated oversight of the UK’s cash infrastructure. In July 2020, the Group published an update on its actions, including work led by the Payment Systems Regulator and Financial Conduct Authority to develop a comprehensive picture of cash access infrastructure across the UK in relation to socioeconomic factors that reflect consumer needs.</p><p> </p><p>The Government is committed to ensuring that the UK’s cash infrastructure is sustainable in the longer term so that widespread access to cash, which remains extremely important to millions of people across the UK, remains available. That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash. The Government is working at pace to develop legislation and will ensure that regulators have the appropriate responsibilities and powers.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 92914 question first answered 24/09/2020 09:58:52 answering member 4051 label Biography information for John Glen
tabling member	4799 label Biography information for Charlotte Nichols

1236090

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to give a public body the responsibility for tracking trends in the acceptance of cash by businesses.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	92914
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The Government and regulators are closely monitoring developments relating to impacts on cash access and usage, particularly in light of COVID-19, including through the Joint Authorities Cash Strategy Group. This group, chaired by the Treasury, aims to ensure coordinated oversight of the UK’s cash infrastructure. In July 2020, the Group published an update on its actions, including work led by the Payment Systems Regulator and Financial Conduct Authority to develop a comprehensive picture of cash access infrastructure across the UK in relation to socioeconomic factors that reflect consumer needs.</p><p> </p><p>The Government is committed to ensuring that the UK’s cash infrastructure is sustainable in the longer term so that widespread access to cash, which remains extremely important to millions of people across the UK, remains available. That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash. The Government is working at pace to develop legislation and will ensure that regulators have the appropriate responsibilities and powers.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 92913 question first answered 24/09/2020 09:58:52 answering member 4051 label Biography information for John Glen
tabling member	4799 label Biography information for Charlotte Nichols

1236125

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Loans: Republic of Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the Republic of Ireland will conclude repaying its loan under the Loans to Ireland Act 2010 by March 2021.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	92711
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The total outstanding principal of the bilateral loan to Ireland stands at £806,740,000 as of 24 September 2020. Ireland is scheduled to pay the final tranche of the loan when it matures in March 2021. The Government continues to expect the loan to be repaid in full and on time.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 24/09/2020 13:39:09 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1236139

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what progress he has made in (a) protecting cash payments and (b) ensuring access to cash in all communities.
tabling member constituency	North West Durham
tabling member printed	Mr Richard Holden
uin	92918
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The Government recognises that widespread access to cash remains extremely important to millions of people across the UK. That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash, which builds on industry initiatives. This will protect access to cash for those who need it, and ensure that the UK’s cash infrastructure is sustainable in the long run. Treasury is working at pace to develop legislation.</p><p> </p><p>LINK, the scheme that runs the UK’s largest ATM network, has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within 1 kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 92919 92920 question first answered 24/09/2020 13:35:46 answering member 4051 label Biography information for John Glen
tabling member	4813 label Biography information for Mr Richard Holden

1236140

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
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 potential merits of bringing forward legislative proposals to ensure that cash is always an accepted method of payment.
tabling member constituency	North West Durham
tabling member printed	Mr Richard Holden
uin	92919
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The Government recognises that widespread access to cash remains extremely important to millions of people across the UK. That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash, which builds on industry initiatives. This will protect access to cash for those who need it, and ensure that the UK’s cash infrastructure is sustainable in the long run. Treasury is working at pace to develop legislation.</p><p> </p><p>LINK, the scheme that runs the UK’s largest ATM network, has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within 1 kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 92918 92920 question first answered 24/09/2020 13:35:46 answering member 4051 label Biography information for John Glen
tabling member	4813 label Biography information for Mr Richard Holden

1236141

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Fees and Charges
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 ensure free to use cash machines are available in all communities in the UK.
tabling member constituency	North West Durham
tabling member printed	Mr Richard Holden
uin	92920
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The Government recognises that widespread access to cash remains extremely important to millions of people across the UK. That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash, which builds on industry initiatives. This will protect access to cash for those who need it, and ensure that the UK’s cash infrastructure is sustainable in the long run. Treasury is working at pace to develop legislation.</p><p> </p><p>LINK, the scheme that runs the UK’s largest ATM network, has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within 1 kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 92918 92919 question first answered 24/09/2020 13:35:46 answering member 4051 label Biography information for John Glen
tabling member	4813 label Biography information for Mr Richard Holden

1236173

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: British Nationals Abroad
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what guidance his Department has issued to UK customers of British banks who are resident in the EU on the continued availability of their bank accounts after 1 January 2021.
tabling member constituency	Leeds Central
tabling member printed	Hilary Benn
uin	92702
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>Whether UK banks can service EEA-based customers is a matter of local law and regulation and may be impacted by how firms are set up, and what steps they have taken to continue to service customers. We expect banks to act lawfully and in accordance with local regulators’ expectations.</p><p> </p><p>We also expect that banks work to ensure good outcomes for their customers and provide timely communications to them to enable them to make appropriate decisions and take necessary steps. If customers are concerned then they should speak to their provider.</p> answering member constituency Salisbury answering member printed John Glen question first answered 24/09/2020 15:38:11 answering member 4051 label Biography information for John Glen
tabling member	413 label Biography information for Hilary Benn

1236301

registered interest
date	21/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: British Nationals Abroad
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 ensure that (a) passporting arrangements and (b) banking facilities used by UK citizens resident in the remaining EU 27 countries will be maintained after the 31 December 2020.
tabling member constituency	North Thanet
tabling member printed	Sir Roger Gale
uin	92667
answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>The UK has consistently been clear that we want an agreement with the EU that reflects the maturity of our financial services relationship.</p><p> </p><p>The EU’s financial services passport is not available for firms based in countries outside of the EU and the EEA as they are based on the single EU rulebook for financial services. The UK is leaving the Single Market, and therefore is not subject to the passport. The UK has taken a pragmatic approach to the future relationship on financial services, and has been clear that politicisation of equivalence is in no-one’s interests.</p><p> </p><p>The UK authorities have taken all the action we can to mitigate risks of disruption to cross-border financial services at the end of the Transition Period (TP), including confirming that the Temporary Permissions Regime will apply from the end of the TP. It will allow EEA firms currently providing services in the UK via a financial services ‘passport’ to continue operating after the TP while they apply for full UK authorisation.</p><p> </p><p>But whether UK firms can service EEA-based retail customers remains a matter of local law and regulation in each country. We expect banks to act lawfully and in accordance with local regulators’ expectations.</p><p> </p><p>We also expect that banks work to ensure good outcomes for their customers and provide timely communications to enable them to make appropriate decisions and take necessary steps. If customers are concerned then they should speak to their provider.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 24/09/2020 15:36:30 answering member 4051 label Biography information for John Glen
tabling member	87 label Biography information for Sir Roger Gale

1236488

registered interest
date	17/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
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 merits of introducing a green gilt to encourage private investment in regions outside London.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	91742
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 91741 question first answered 24/09/2020 09:16:48 answering member 4051 label Biography information for John Glen
tabling member	4866 label Biography information for Alexander Stafford

1237341

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