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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"} } , "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"} , "dateOfAnswer" : {"_value" : "2016-10-31", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2016-10-31T15:30:20.077Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inflation"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government whether they will explain the basis on which the inflation target for the Bank of England\u2019s Monetary Policy Committee is set; and the circumstances in which that figure would be raised above two per cent.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL2366"} , {"_about" : "http://data.parliament.uk/resources/603992", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/603992/answer", "answerText" : {"_value" : "
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3918", "label" : {"_value" : "Biography information for Jane Ellison"} } , "answeringMemberConstituency" : {"_value" : "Battersea"} , "answeringMemberPrinted" : {"_value" : "Jane Ellison"} , "dateOfAnswer" : {"_value" : "2016-10-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2016-10-25T09:29:46.583Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Concentrix: Enfield"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/166", "label" : {"_value" : "Biography information for Joan Ryan"} } , "tablingMemberConstituency" : {"_value" : "Enfield North"} , "tablingMemberPrinted" : [{"_value" : "Joan Ryan"} ], "uin" : "48880"} , {"_about" : "http://data.parliament.uk/resources/603994", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/603994/answer", "answerText" : {"_value" : "
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>
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\u2019s 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>
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3929", "label" : {"_value" : "Biography information for Simon Kirby"} } , "answeringMemberConstituency" : {"_value" : "Brighton, Kemptown"} , "answeringMemberPrinted" : {"_value" : "Simon Kirby"} , "dateOfAnswer" : {"_value" : "2016-10-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2016-10-25T12:31:36.48Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1582", "label" : {"_value" : "Biography information for Grant Shapps"} } , "tablingMemberConstituency" : {"_value" : "Welwyn Hatfield"} , "tablingMemberPrinted" : [{"_value" : "Grant Shapps"} ], "uin" : "48928"} , {"_about" : "http://data.parliament.uk/resources/603995", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/603995/answer", "answerText" : {"_value" : "
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>
The Government has no plans to extend the Gift Aid matching requirement.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3918", "label" : {"_value" : "Biography information for Jane Ellison"} } , "answeringMemberConstituency" : {"_value" : "Battersea"} , "answeringMemberPrinted" : {"_value" : "Jane Ellison"} , "dateOfAnswer" : {"_value" : "2016-10-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2016-10-25T14:18:15.897Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Gift Aid Small Donations Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will extend the matching requirement for the Gift Aid Small Donations Scheme.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1506", "label" : {"_value" : "Biography information for Andrew Gwynne"} } , "tablingMemberConstituency" : {"_value" : "Denton and Reddish"} , "tablingMemberPrinted" : [{"_value" : "Andrew Gwynne"} ], "uin" : "48817"} , {"_about" : "http://data.parliament.uk/resources/603996", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/603996/answer", "answerText" : {"_value" : "
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: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel<\/a><\/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>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3929", "label" : {"_value" : "Biography information for Simon Kirby"}
}
, "answeringMemberConstituency" : {"_value" : "Brighton, Kemptown"}
, "answeringMemberPrinted" : {"_value" : "Simon Kirby"}
, "dateOfAnswer" : {"_value" : "2016-10-20", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "48843"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-10-20T14:28:57.057Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Bank Services"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"}
, "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"}
], "uin" : "48842"}
, {"_about" : "http://data.parliament.uk/resources/603997", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/603997/answer", "answerText" : {"_value" : " 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: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel<\/a><\/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>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3929", "label" : {"_value" : "Biography information for Simon Kirby"}
}
, "answeringMemberConstituency" : {"_value" : "Brighton, Kemptown"}
, "answeringMemberPrinted" : {"_value" : "Simon Kirby"}
, "dateOfAnswer" : {"_value" : "2016-10-20", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "48842"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-10-20T14:28:57.137Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Bank Services: Standards"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"}
, "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"}
], "uin" : "48843"}
, {"_about" : "http://data.parliament.uk/resources/603999", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/603999/answer", "answerText" : {"_value" : "