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386951

registered interest
date	01/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what provision his Department has made in the sales prospectus for RBS shares for the cost of litigation (a) that has commenced and (b) that complainants have given notice of their plans to commence in respect of interest rate swap mis-selling.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	5085
answer	answer is ministerial correction date of answer 07/07/2015 answer text <p>As detailed by the Chancellor in his speech to the Mansion House, the Government has decided to begin a sale of its shares in Royal Bank of Scotland (RBS).</p><p> </p><p> </p><p> </p><p>The Government’s shareholding in RBS is managed at arm’s length from HM Treasury by UK Financial Investments (UKFI). UKFI will be responsible for the design and execution of any future sale.</p><p> </p><p> </p><p> </p><p>Provision for the potential impact of regulatory fines or penalties is regularly published by RBS as part of the bank’s accounts process. This information is available to any prospective investor.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 5084 question first answered 07/07/2015 12:50:44 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	3910 label Biography information for Guto Bebb

386953

registered interest
date	01/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what provision his Department has made in the sales prospectus for RBS for consequential losses arising from the FCA interest rate hedging product mis-selling redress scheme.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	5084
answer	answer is ministerial correction date of answer 07/07/2015 answer text <p>As detailed by the Chancellor in his speech to the Mansion House, the Government has decided to begin a sale of its shares in Royal Bank of Scotland (RBS).</p><p> </p><p> </p><p> </p><p>The Government’s shareholding in RBS is managed at arm’s length from HM Treasury by UK Financial Investments (UKFI). UKFI will be responsible for the design and execution of any future sale.</p><p> </p><p> </p><p> </p><p>Provision for the potential impact of regulatory fines or penalties is regularly published by RBS as part of the bank’s accounts process. This information is available to any prospective investor.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 5085 question first answered 07/07/2015 12:50:44 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	3910 label Biography information for Guto Bebb

348597

registered interest
date	04/06/2015
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Work Capability Assessment: Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, for what reason personal independence payment claimants resident in North Wales who require a Capita assessment are given the option of attending clinics only in Cardiff and Swansea.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	1134
answer	answer is ministerial correction date of answer 09/06/2015 answer text <p>Capita offer all claimants in North Wales the opportunity to have the assessment conducted within their own home. Those claimants who wish to attend a clinic appointment are offered the nearest centre, which may include Cardiff and/or Swansea. Claimants are reimbursed their travel expenses.</p> answering member constituency North Swindon answering member printed Justin Tomlinson question first answered 09/06/2015 10:42:52 answering member 4105 label Biography information for Justin Tomlinson
tabling member	3910 label Biography information for Guto Bebb

228774

registered interest
date	20/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what representations he has received on the decision of the Financial Conduct Authority to withdraw from the Connaught Income Fund Series 1 settlement negotiations.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	228573
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228574 228575 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3910 label Biography information for Guto Bebb

228775

registered interest
date	20/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will request the Financial Conduct Authority to ensure that its investigation into the Connaught Income Fund Series 1 will result in adequate compensation for investors in that fund; and if he will request a timescale for the payment of such compensation.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	228574
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228573 228575 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3910 label Biography information for Guto Bebb

228776

registered interest
date	20/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on the Connaught Income Fund Series 1 settlement negotiations.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	228575
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228573 228574 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3910 label Biography information for Guto Bebb

228855

registered interest
date	20/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Driver and Vehicle Licensing Agency
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 10 March 2015 to Question 225793, for what reason the Driver and Vehicle Licensing Agency imposes a five per cent surcharge on people who pay by monthly direct debit, but does not do so on people who pay by annual direct debit.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	228622
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Motorists who buy a six month Vehicle Excise Duty (VED) licence have historically paid a ten per cent surcharge.</p><p> </p><p> </p><p> </p><p>The Government has introduced a direct debit scheme for the payment of VED, to allow families and businesses to spread their tax payments. Under the scheme, the surcharge has been halved to five per cent when the tax is paid by six monthly and monthly instalments. The retention of a surcharge prevents a loss in VED revenue which would otherwise need to be made up elsewhere, by either increasing other taxes or reducing the Government’s investment in public services.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 25/03/2015 09:59:35 answering member 4066 label Biography information for Priti Patel
tabling member	3910 label Biography information for Guto Bebb

224665

registered interest
date	03/03/2015
answering body	Department for Culture Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
hansard heading	Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Culture, Media and Sport, if he will make a comparative assessment of the cost of (a) legal fees and (b) legal advice relating to appeals of regulatory decisions to (i) Ofcom and (ii) other regulators in (A) 2013-14, (B) 2012-13 and (C) 2011-12.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	226041
answer	answer is ministerial correction date of answer 06/03/2015 answer text There are no plans to make a comparative assessment. Information about legal costs relating to appeals of regulatory decisions can be sought directly from Ofcom and other economic regulators, who are independent from Government. answering member constituency Wantage answering member printed Mr Edward Vaizey question first answered 06/03/2015 11:53:23 answering member 1580 label Biography information for Lord Vaizey of Didcot
tabling member	3910 label Biography information for Guto Bebb

224666

registered interest
date	03/03/2015
answering body	Department for Culture Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
hansard heading	Ofcom
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Culture, Media and Sport, if he will make a comparative assessment of the effects of (a) judicial review standard and (b) merits-based appeals on the ability of Ofcom to carry out its functions.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	226042
answer	answer is ministerial correction date of answer 06/03/2015 answer text The Government has already assessed the impacts of both standards of review. This was done as part of its analysis prior to consulting on options for reforming Regulatory and Competition Appeals in 2013. answering member constituency Wantage answering member printed Mr Edward Vaizey question first answered 06/03/2015 12:04:54 answering member 1580 label Biography information for Lord Vaizey of Didcot
tabling member	3910 label Biography information for Guto Bebb

224798

registered interest
date	03/03/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Appeals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, when he plans to respond to the consultation, Regulatory and competition appeals: options for reform, which closed on 11 September 2013.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	226141
answer	answer is ministerial correction date of answer 06/03/2015 answer text <p>The Government is still considering some of the complex issues raised in the consultation before fully considering the way forward.</p><p> </p><p> </p><p> </p><p>Steps have been taken to address one of the issues raised as part of the consultation. The Government has made provisions in the Consumer Rights Bill to allow for a widened pool of judges to sit as Chairs of the Competition Appeals Tribunal. This reform removes the time limit that judges can remain as Chairs and allows both Scottish judges and judges from the Queen’s Bench to be nominated as Chairs.</p><p> </p> answering member constituency East Dunbartonshire answering member printed Jo Swinson question first answered 06/03/2015 12:41:12 answering member 1513 label Biography information for Jo Swinson
tabling member	3910 label Biography information for Guto Bebb