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603970

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inflation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will explain the basis on which the inflation target for the Bank of England’s Monetary Policy Committee is set; and the circumstances in which that figure would be raised above two per cent.
tabling member printed	Lord Myners
uin	HL2366
answer	answer is ministerial correction date of answer 31/10/2016 answer text <p>A comprehensive Review of the Monetary Policy Framework was published in 2013. The current remit for the Monetary Policy Committee reflects the assessment set out in the 2013 Review, which includes retaining a flexible inflation targeting framework, with a 2 per cent symmetric inflation target. The remit also states that the MPC may allow inflation to deviate from this target temporarily in order not to cause undesirable volatility in output due to the short-term trade-offs involved.</p><p> </p> answering member printed Lord Young of Cookham question first answered 31/10/2016 15:30:20 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

603992

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Concentrix: Enfield
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 September 2016 to Question 46636, on Concentrix, if he will provide that same information for (a) Enfield North constituency and (b) Enfield.
tabling member constituency	Enfield North
tabling member printed	Joan Ryan
uin	48880
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>HM Revenue and Customs (HMRC) does not hold data on the number of tax credit cases awaiting consideration by Concentrix broken down specifically by constituency areas. HMRC is currently focused on resolving the outstanding cases but will be preparing analysis, which will be made available in due course.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 25/10/2016 09:29:46 answering member 3918 label Biography information for Jane Ellison
tabling member	166 label Biography information for Joan Ryan

603994

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he plans to take to ensure that Britain's financial services sector will stay competitive after the UK has left the EU.
tabling member constituency	Welwyn Hatfield
tabling member printed	Grant Shapps
uin	48928
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>As the Chancellor has set out, it is important Britain maintains its status as a great place for financial services and that is why the government stands ready to help the sector maximise the opportunities that leaving the EU presents. Britain has natural strengths, such as a central time zone and English language, alongside a globally respected regulatory system, world-class legal and professional services and a highly skilled financial services workforce, that will ensure it remains competitive after the UK has left the EU.</p><p> </p><p>In addition, the government is committed to investing in home-grown talent, and will continue to welcome the best and brightest around the world to further contribute to the UK’s competitive position. Britain is already a world-leader in the global markets of the future including green and sustainable finance, FinTech, and renminbi and rupee products.</p><p> </p><p>The government is maintaining an open dialogue with the financial services industry, including through the Financial Services Trade and Investment Board, as it prepares to withdraw from the EU.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 25/10/2016 12:31:36 answering member 3929 label Biography information for Simon Kirby
tabling member	1582 label Biography information for Grant Shapps

603995

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Gift Aid Small Donations Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will extend the matching requirement for the Gift Aid Small Donations Scheme.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	48817
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Small Charitable Donations and Childcare Payments Bill relaxes the eligibility criteria for the Gift Aid Small Donation Scheme. These changes will ensure that the Scheme operates effectively and flexibly for a greater number of charities and a greater number of donations.</p><p> </p><p>The Government has no plans to extend the Gift Aid matching requirement.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 25/10/2016 14:18:15 answering member 3918 label Biography information for Jane Ellison
tabling member	1506 label Biography information for Andrew Gwynne

603996

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the (a) Department for Business, Energy and Industrial Strategy, (b) Cabinet Office, (c) Department for Culture, Media and Sport, (d) Financial Conduct Authority, (e) Information Commissioner's Office, (f) European Commission and (g) European Banking Authority on open banking and their responsibilities in protecting customers' interests.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	48842
answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>Treasury ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p><p> </p><p>The Competition and Markets Authority (CMA) published the final report of its market investigation into retail banking on 9 August 2016. As part of this the CMA requires the nine largest UK banks to develop and adopt an open banking standard for application programming interfaces (APIs) to allow access to customer account information, as set out in the revised Payment Services Directive (PSDII) which will come into force in January 2018. These nine banks are required to deliver open data APIs and midata APIs by Q1 2017, and deliver the full open API banking standard by early 2018. Data protection and cyber security are key considerations in PSDII, and the government will be consulting on the transposition of this directive shortly.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 48843 question first answered 20/10/2016 14:28:57 answering member 3929 label Biography information for Simon Kirby
tabling member	4124 label Biography information for Chi Onwurah

603997

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services: Standards
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the timeline is for implementing the Open Banking Standard; and how he plans to ensure that sensitive banking data passes safely and securely from banks to third parties when that standard is implemented.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	48843
answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>Treasury ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p><p> </p><p>The Competition and Markets Authority (CMA) published the final report of its market investigation into retail banking on 9 August 2016. As part of this the CMA requires the nine largest UK banks to develop and adopt an open banking standard for application programming interfaces (APIs) to allow access to customer account information, as set out in the revised Payment Services Directive (PSDII) which will come into force in January 2018. These nine banks are required to deliver open data APIs and midata APIs by Q1 2017, and deliver the full open API banking standard by early 2018. Data protection and cyber security are key considerations in PSDII, and the government will be consulting on the transposition of this directive shortly.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 48842 question first answered 20/10/2016 14:28:57 answering member 3929 label Biography information for Simon Kirby
tabling member	4124 label Biography information for Chi Onwurah

603999

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	VAT: Self-assessment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people who had completed their VAT return through the Government Gateway by the deadline date received an incorrect late-filing penalty of £100 in each financial year since 2010-11.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	49013
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>VAT does not have a £100 penalty for late filing of returns. Nevertheless, the number of surcharges reviewed, varied and cancelled are published in the ‘Tax Assurance Commissioner’s Annual Report’, which can be found on gov.uk at; <a href="https://www.gov.uk/government/collections/how-we-resolve-tax-disputes" target="_blank">https://www.gov.uk/government/collections/how-we-resolve-tax-disputes</a>.</p><p> </p> answering member constituency Battersea answering member printed Jane Ellison question first answered 25/10/2016 14:09:38 answering member 3918 label Biography information for Jane Ellison
tabling member	533 label Biography information for David Hanson

604000

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Redundancy Pay: Nuclear Power Stations
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will meet the hon. Member for Copeland to discuss the effect of the exit payment cap on nuclear workers in Copeland constituency.
tabling member constituency	Copeland
tabling member printed	Mr Jamie Reed
uin	49042
answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>The government announced in May 2015 that it intends to take forward its manifesto commitment to end six-figure exit payments for public sector workers. The Enterprise Act, which contains provisions for the £95,000 public sector exit payment cap, received Royal Assent on 4 May 2016.</p><p> </p><p>Public sector exit payments cost around £2 billion a year and it is important that they are fair, proportionate and provide value for money to the taxpayer that funds them. The proposed cap, amounting to 3.5 times the average public sector salary, will still offer a significant level of compensation and support to an employee, and will apply to only a small percentage of public sector exits. The exit payment cap will apply to organisations classified as within the public sector by the Office for National Statistics, with a small number of exceptions.</p><p> </p><p>I am aware that the hon. Member for Copeland is discussing the effect of the cap on nuclear workers in his constituency with my noble friend the Minister of State for Business, Energy and Industrial Strategy (BEIS). That is the appropriate route for these discussions as BEIS is the department responsible for the nuclear industry.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/10/2016 11:34:36 answering member 1529 label Biography information for Mr David Gauke
tabling member	1503 label Biography information for Mr Jamie Reed

604205

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance: Disability
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will request that regulators investigate whether disabled people have access to insurance that fairly reflects risk.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	48865
answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>Paragraph 21(1) of Schedule 3, Part 5 of the Equality Act 2010 makes clear that it is not a contravention of the Act for insurers to make decisions on the grounds of disability provided they do so by reference to information from a reliable source that is relevant to the risk to be insured, and that it is a reasonable decision. The Financial Conduct Authority (FCA) expects firms to comply with relevant legislation, including the Equality Act, and can undertake its own enquiries to better understand what the firm is doing and whether any of its regulatory requirements have been breached.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 20/10/2016 11:37:33 answering member 3929 label Biography information for Simon Kirby
tabling member	4518 label Biography information for Tulip Siddiq