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1111112

registered interest
date	10/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reasons the mini-bond market is not regulated by the Financial Conduct Authority.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	243341
answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>It is not a regulated activity for firms to issue their own securities, including mini-bonds, due to an exemption within the Regulated Activities Order 2001. This exemption exists to ensure that companies in the real economy can raise finance to fund their business without having to become authorised by the Financial Conduct Authority (FCA).</p><p> </p><p>However, to protect consumers, the marketing and promotion of such securities, including mini-bonds, are subject to the financial promotion restrictions set out in the Financial Services and Markets Act. This requires that the content of any financial promotion be approved by an FCA authorised firm unless an exemption applies. It is the responsibility of the FCA authorised firm to ensure the financial promotion is clear, fair and not misleading. Authorised firms that fail to meet these requirements may be subject to enforcement action by the FCA.</p><p> </p><p>HM Treasury keeps the regulatory framework for financial services under review, and updates it as necessary. We are committed to maintaining a strong and safe financial system, with high standards of consumer protection. On 1 April, I announced that I will direct the FCA to launch an investigation into the events at London Capital &amp; Finance, a firm which issued mini-bonds in order to fund loans that it made to other parties. This followed a request from the FCA Chair, Charles Randell, to launch such an investigation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2019 13:02:29 answering member 4051 label Biography information for John Glen
tabling member	320 label Biography information for Mr Adrian Bailey

1105059

registered interest
date	26/03/2019
answering body	Department of Health and Social Care
answering dept id	17
answering dept short name	Health and Social Care
answering dept sort name	Health and Social Care
hansard heading	Chronic Fatigue Syndrome: Medical Treatments
house id	1
legislature	25259 pref label House of Commons
question text	What recent progress has been made on the treatment of myalgic encephalomyelitis.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	910043
answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>In September 2017, the National Institute for Health and Care Excellence announced its plans for a full update to the existing clinical guideline on the diagnosis and management of chronic fatigue syndrome/myalgic encephalomyelitis (CFS/ME) to ensure that treatment reflects the latest available evidence. The revised guideline will be published in 2020.</p><p>Since 2011, we have also invested £6 million into research into CFS/ME via the Medical Research Council and the National Institute for Health Research.</p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 26/03/2019 15:46:59 answering member 4008 label Biography information for Dame Caroline Dinenage
tabling member	320 label Biography information for Mr Adrian Bailey

1091997

registered interest
date	20/03/2019
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Development Aid
house id	1
legislature	25259 pref label House of Commons
question text	What recent assessment she has made of the potential effect on the strength of the UK international development sector of the UK leaving the EU.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	909918
answer	answer is ministerial correction date of answer 20/03/2019 answer text <p>DFID discusses regularly the impact of Exit with development organisations. Leaving the EU will not change the UK’s commitment to support the world’s poorest, and our world-class development sector will continue to be a crucial part of delivering that commitment.</p> answering member constituency Portsmouth North answering member printed Penny Mordaunt question first answered 20/03/2019 14:33:14 answering member 4017 label Biography information for Penny Mordaunt
tabling member	320 label Biography information for Mr Adrian Bailey

1091386

registered interest
date	19/03/2019
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	Personal Independence Payment: Medical Examinations
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, for what reasons people with progressively deteriorating conditions are subject to repeat personal independence payment assessments.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	234096
answer	answer is ministerial correction date of answer 25/03/2019 answer text <p>Once someone has been awarded Personal Independence Payment (PIP), which can be paid at one of eight rates, that award will be reviewed. Reviews of PIP are a key part of the benefit to ensure that awards remain correct where needs may change (including where needs increase and the award may need to increase) and that we maintain contact with the claimant, both features that are missing from its predecessor Disability Living Allowance. The length of an award is based on an individual’s circumstances and can vary from nine months to an on-going award, with a light touch review after ten years.</p><p> </p><p>We introduced updated guidance for case managers and an updated PIP Assessment Guide in 2018 which will ensure that those people who receive the highest level of support under PIP, and where their needs are unlikely to change or may get worse, will now receive an ongoing award with a light touch review at the ten-year point. In line with PIP’s aim to be needs-based rather than condition-based, the change to the guidance is not condition specific. However, we believe the changes will ensure that those with severe and/or progressive conditions receive the most appropriate award duration that reflects their condition and the needs arising.</p><p> </p><p>Special considerations also apply to claimants who are terminally ill, and our arrangements recognise the particular difficulties faced by people who only have a short time to live. Claims by people with a terminal illness are fast tracked, are not subject to a face-to-face assessment and they are guaranteed the enhanced rate of the Daily Living Component; nearly all also receive the enhanced rate of mobility.</p> answering member constituency North Swindon answering member printed Justin Tomlinson grouped question UIN 233608 234097 question first answered 25/03/2019 17:26:55 answering member 4105 label Biography information for Justin Tomlinson
tabling member	320 label Biography information for Mr Adrian Bailey

1091388

registered interest
date	19/03/2019
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	Personal Independence Payment: Medical Examinations
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, if she will make it her policy to ensure that people with progressively deteriorating conditions do not receive reduced support from her Department following repeat personal independence payment assessments.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	234097
answer	answer is ministerial correction date of answer 25/03/2019 answer text <p>Once someone has been awarded Personal Independence Payment (PIP), which can be paid at one of eight rates, that award will be reviewed. Reviews of PIP are a key part of the benefit to ensure that awards remain correct where needs may change (including where needs increase and the award may need to increase) and that we maintain contact with the claimant, both features that are missing from its predecessor Disability Living Allowance. The length of an award is based on an individual’s circumstances and can vary from nine months to an on-going award, with a light touch review after ten years.</p><p> </p><p>We introduced updated guidance for case managers and an updated PIP Assessment Guide in 2018 which will ensure that those people who receive the highest level of support under PIP, and where their needs are unlikely to change or may get worse, will now receive an ongoing award with a light touch review at the ten-year point. In line with PIP’s aim to be needs-based rather than condition-based, the change to the guidance is not condition specific. However, we believe the changes will ensure that those with severe and/or progressive conditions receive the most appropriate award duration that reflects their condition and the needs arising.</p><p> </p><p>Special considerations also apply to claimants who are terminally ill, and our arrangements recognise the particular difficulties faced by people who only have a short time to live. Claims by people with a terminal illness are fast tracked, are not subject to a face-to-face assessment and they are guaranteed the enhanced rate of the Daily Living Component; nearly all also receive the enhanced rate of mobility.</p> answering member constituency North Swindon answering member printed Justin Tomlinson grouped question UIN 233608 234096 question first answered 25/03/2019 17:26:55 answering member 4105 label Biography information for Justin Tomlinson
tabling member	320 label Biography information for Mr Adrian Bailey

1082528

registered interest
date	06/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of the traders identified by HMRC as being intra-EU only traders have had an EORI number issued; and how many of those EORI numbers been issued since the start of the Government's day one no deal business readiness campaign.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	229087
answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>UK traders that only trade with the EU will need an EORI number in the event the UK leaves the EU without a deal. HMRC estimated that in 2017 there were 144,000 VAT-registered traders that only traded with the EU. A separate estimate indicates there are approximately 100,000 non VAT-registered traders that trade only with the EU. The latest HMRC validated data shows that in the three months to 1 March 2019, which covers the period from the start of the business readiness campaign, there were 53,098 registrations for an EORI number, and numbers are growing each week.</p><p> </p><p>As HMRC only holds information on UK-EU traders that are VAT-registered, a large population of traders would not automatically receive an EORI number if they were automatically generated. Providing numbers for some traders that needed it, but not all, would send mixed messages about whether it was required. Furthermore, the VAT registration details for a trader can be different from the trading entity that needs an EORI number, meaning automated registration could result in registering the wrong entity.</p><p> </p><p>The Government has focused on ensuring the process of applying for an EORI is free and very quick, it currently takes around 10 minutes. The Government has also recently announced temporary simplified procedures to make importing and exporting easier. To register for these simplifications, traders will need a UK EORI number. Therefore, completing the application is a good first step for traders.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/03/2019 17:17:50 answering member 3935 label Biography information for Mel Stride
tabling member	320 label Biography information for Mr Adrian Bailey

1081733

registered interest
date	04/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason EORI numbers cannot be automatically allocated to intra-EU only traders with registered VAT numbers.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	227938
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>UK traders that only trade with the EU will need an EORI number in the event the UK leaves the EU without a deal. HMRC estimated that in 2017 there were 144,000 VAT-registered traders that only traded with the EU. A separate estimate indicates there are approximately 100,000 non VAT-registered traders that trade only with the EU. The latest HMRC validated data shows that in the three months to 1 March 2019, which covers the period from the start of the business readiness campaign, there were 53,098 registrations for an EORI number, and numbers are growing each week.</p><p> </p><p>As HMRC only holds information on UK-EU traders that are VAT-registered, a large population of traders would not automatically receive an EORI number if they were automatically generated. Providing numbers for some traders that needed it, but not all, would send mixed messages about whether it was required. Furthermore, the VAT registration details for a trader can be different from the trading entity that needs an EORI number, meaning automated registration could result in registering the wrong entity.</p><p> </p><p>The Government has focused on ensuring the process of applying for an EORI is free and very quick, it currently takes around 10 minutes. The Government has also recently announced temporary simplified procedures to make importing and exporting easier. To register for these simplifications, traders will need a UK EORI number. Therefore, completing the application is a good first step for traders.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 227939 227940 question first answered 12/03/2019 08:31:24 answering member 3935 label Biography information for Mel Stride
tabling member	320 label Biography information for Mr Adrian Bailey

1081734

registered interest
date	04/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of the 40,000 businesses who have registered for an EORI number (a) were and (b) were not already VAT registered.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	227939
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>UK traders that only trade with the EU will need an EORI number in the event the UK leaves the EU without a deal. HMRC estimated that in 2017 there were 144,000 VAT-registered traders that only traded with the EU. A separate estimate indicates there are approximately 100,000 non VAT-registered traders that trade only with the EU. The latest HMRC validated data shows that in the three months to 1 March 2019, which covers the period from the start of the business readiness campaign, there were 53,098 registrations for an EORI number, and numbers are growing each week.</p><p> </p><p>As HMRC only holds information on UK-EU traders that are VAT-registered, a large population of traders would not automatically receive an EORI number if they were automatically generated. Providing numbers for some traders that needed it, but not all, would send mixed messages about whether it was required. Furthermore, the VAT registration details for a trader can be different from the trading entity that needs an EORI number, meaning automated registration could result in registering the wrong entity.</p><p> </p><p>The Government has focused on ensuring the process of applying for an EORI is free and very quick, it currently takes around 10 minutes. The Government has also recently announced temporary simplified procedures to make importing and exporting easier. To register for these simplifications, traders will need a UK EORI number. Therefore, completing the application is a good first step for traders.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 227938 227940 question first answered 12/03/2019 08:31:26 answering member 3935 label Biography information for Mel Stride
tabling member	320 label Biography information for Mr Adrian Bailey

1081736

registered interest
date	04/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of intra-EU traders who need to register for an EORI number that (a) are and (b) are not already VAT registered.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	227940
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>UK traders that only trade with the EU will need an EORI number in the event the UK leaves the EU without a deal. HMRC estimated that in 2017 there were 144,000 VAT-registered traders that only traded with the EU. A separate estimate indicates there are approximately 100,000 non VAT-registered traders that trade only with the EU. The latest HMRC validated data shows that in the three months to 1 March 2019, which covers the period from the start of the business readiness campaign, there were 53,098 registrations for an EORI number, and numbers are growing each week.</p><p> </p><p>As HMRC only holds information on UK-EU traders that are VAT-registered, a large population of traders would not automatically receive an EORI number if they were automatically generated. Providing numbers for some traders that needed it, but not all, would send mixed messages about whether it was required. Furthermore, the VAT registration details for a trader can be different from the trading entity that needs an EORI number, meaning automated registration could result in registering the wrong entity.</p><p> </p><p>The Government has focused on ensuring the process of applying for an EORI is free and very quick, it currently takes around 10 minutes. The Government has also recently announced temporary simplified procedures to make importing and exporting easier. To register for these simplifications, traders will need a UK EORI number. Therefore, completing the application is a good first step for traders.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 227938 227939 question first answered 12/03/2019 08:31:26 answering member 3935 label Biography information for Mel Stride
tabling member	320 label Biography information for Mr Adrian Bailey

1081737

registered interest
date	04/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs Declaration Services Programme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much of the £2 million allocated to helping traders to make customs declarations has been drawn down by traders upskilling their capacity to make customs declarations; how many grant funding applications have been made to that fund; and many traders have been successful in such applications.
tabling member constituency	West Bromwich West
tabling member printed	Mr Adrian Bailey
uin	227941
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>This £2 million funding to support the cost of training is part of a wider £8 million investment to support the sector ahead of the UK leaving the EU, which includes a further £3 million in grant funding for IT improvements and £3 million which is being used to increase training provision in this area.</p><p> </p><p>Applications are still being received, but as of 5 March 2019 124 applications have been submitted for the training grants available to customs intermediaries and traders who complete customs declarations. Applications are subject to a review process once submitted, and so far 43 training grants have either been offered or have already been paid‎.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/03/2019 17:29:34 answering member 3935 label Biography information for Mel Stride
tabling member	320 label Biography information for Mr Adrian Bailey