{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "https://eldaddp.azurewebsites.net/answeredquestions.text?date=2022-02-02&version=2", "definition" : "https://eldaddp.azurewebsites.net/meta/answeredquestions.text?date=2022-02-02&version=2", "extendedMetadataVersion" : "https://eldaddp.azurewebsites.net/answeredquestions.text?date=2022-02-02&_metadata=all&version=2", "first" : "https://eldaddp.azurewebsites.net/answeredquestions.text?date=2022-02-02&_page=0&version=2", "hasPart" : "https://eldaddp.azurewebsites.net/answeredquestions.text?date=2022-02-02&version=2", "isPartOf" : "https://eldaddp.azurewebsites.net/answeredquestions.text?date=2022-02-02&version=2", "items" : [{"_about" : "http://data.parliament.uk/resources/1419028", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1419028/answer", "answerText" : {"_value" : "

Support is available for tax credits claimants who are experiencing difficulty with their repayments. HMRC can reduce the rate of repayment on a case-by-case basis where claimants are in financial hardship. HMRC also work to identify vulnerable customers and refer them to the Extra Support Team for assistance, with more information available here<\/a>.<\/p>

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Where claimants with overpayments have migrated to Universal Credit, they can similarly contact DWP to discuss a reduction in their rate of repayment and may benefit from the cap on debt deductions which the government reduced to 25 per cent of the standard allowance in April 2021. Work coaches can also signpost other financial support.<\/p>

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Furthermore, the Government is providing significant financial support \u2013 up to £350 \u2013 to the majority of households which will cover more than half of the forecast £700 rise in energy bills for the average household. This support \u2013 worth £9.1bn in 2022-23 \u2013 is on top of the existing £12 billion support the government is providing for the cost of living this financial year and next. This includes reducing the Universal Credit taper rate, raising the National Living Wage, freezing alcohol and fuel duties and providing targeted help with energy bills.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4655", "label" : {"_value" : "Biography information for Sir Simon Clarke"} } , "answeringMemberConstituency" : {"_value" : "Middlesbrough South and East Cleveland"} , "answeringMemberPrinted" : {"_value" : "Mr Simon Clarke"} , "dateOfAnswer" : {"_value" : "2022-02-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-02-07T10:30:41.907Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-02-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Working Tax Credit: Overpayments"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what steps his Department is taking to support people who are having difficulty in paying back overpayments of working tax credits in the context of rising living costs.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4370", "label" : {"_value" : "Biography information for Jess Phillips"} } , "tablingMemberConstituency" : {"_value" : "Birmingham, Yardley"} , "tablingMemberPrinted" : [{"_value" : "Jess Phillips"} ], "uin" : "116955"} , {"_about" : "http://data.parliament.uk/resources/1419033", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1419033/answer", "answerText" : {"_value" : "

In his Mansion House statement last July, the Chancellor set out the Government\u2019s vision for an open, competitive, green, and technologically advanced financial services sector. A sweeping set of reforms to sharpen the UK\u2019s competitive advantage in financial services is already underway.<\/p>

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In November, the Government published the second consultation in its Future Regulatory Framework (FRF) Review. This provides a once-in-a-generation opportunity to ensure that, having left the EU, the UK establishes a coherent, agile, and internationally respected approach to financial services regulation that is right for the UK. This includes proposals to repeal a significant volume of retained EU law relating to financial services, so that the financial services regulators can take responsibility for making the appropriate rules in these areas.<\/p>

As set out in the recent publication, The Benefits of Brexit: How the UK is taking advantage of leaving the EU, <\/em>the Government is actively seeking out opportunities to tailor the regulation of our financial services sector, within the new framework the FRF Review will deliver, through measures including:<\/p>

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