Results 1–20 of 1632 for speaker:John Glen

Written Answers — Treasury: Treasury: Brexit (14 Sep 2018)

John Glen: The government remains confident of concluding a deal with the EU and firmly believes that this deal will genuinely work for everyone across the UK. HM Treasury carefully considers equality impacts on those sharing protected characteristics, including gender, race and disability on an ongoing basis - in line with both its legal obligations and with its strong commitment to equality issues....

Written Answers — Treasury: Homelessness: Payment Methods (14 Sep 2018)

John Glen: The Government recognises that people are increasingly moving away from cash and that the growth in the use of digital payments has been rapid. However, the Government also recognises that widespread free access to cash remains extremely important to the day-to-day lives of many people, especially the more vulnerable members of society and the elderly. Government has been engaging and will...

Written Answers — Treasury: Currency Speculation: Taxation (14 Sep 2018)

John Glen: The Government has made no assessment of introducing a Spahn tax on currency transactions. As per the Exchange Equalisation Account Act 1979, the Government’s official reserves are available for checking undue fluctuations in the exchange value of sterling.

Written Answers — Treasury: Foreign Companies: Russia (14 Sep 2018)

John Glen: The Financial Conduct Authority (FCA) is the competent authority for listings and operates independently of Government. For listed companies, the UK Listing Authority (a division of the FCA) monitors and enforces compliance with the Listing Rules. The decision to approve an application for listing rests with the FCA and for admission to trading with the London Stock Exchange.

Written Answers — Treasury: Financial Services: Technology (13 Sep 2018)

John Glen: UK FinTech companies can have confidence that the government is committed to leaving the EU in a way that underpins prosperity and avoids unnecessary disruption and costly cliff edges for businesses. We and the UK regulators are taking the necessary steps to ensure that Financial Services firms are prepared for the unlikely event of the UK leaving the EU without a deal. While there are no...

Written Answers — Treasury: National Income (13 Sep 2018)

John Glen: The Government has published its White Paper on the future relationship, which is our vision for a bold, ambitious and innovative new partnership with the EU. The Government remains confident the UK and EU will agree a mutually advantageous deal. Leaving the EU without a deal is in neither side’s interests. Once the Government has agreed a deal with the EU we will provide Parliament...

Written Answers — Treasury: Cash Dispensing: Fees and Charges (13 Sep 2018)

John Glen: The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK, to ensure that it is maintained. The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective...

Written Answers — Treasury: Cash Dispensing: Fees and Charges (13 Sep 2018)

John Glen: The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK, to ensure that it is maintained. To ensure the provision of ATMs in rural, isolated or vulnerable areas, LINK announced it will...

Written Answers — Treasury: Child Trust Fund (13 Sep 2018)

John Glen: I refer the hon. Member to the Answer given on 11 September 2018 for PQ UIN 171312.

Written Answers — Treasury: Lloyds Bank: Closures (12 Sep 2018)

John Glen: Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including Lloyds Bank, 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:...

Written Answers — Treasury: Financial Services: Misrepresentation (12 Sep 2018)

John Glen: The independent financial services regulator - the Financial Conduct Authority (FCA) – is responsible for the regulations in place to protect customers in their dealings with financial services firms. It requires firms to treat their customers fairly and has broad and robust powers to enforce breaches of its rules. If consumers have a complaint about a regulated financial service,...

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: The Government are taking a proactive approach to supporting boroughs and enabling them to manage their money well and help those in problem debt. We reformed consumer credit regulation in 2014, and I am now working on setting up a single financial guidance body to help those who are in difficulties.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: No, I am sorry; I would not accept that. I accept that this Government are committed to doing all they can for hard-working people. That is why we have raised the national living wage, which means £600 for those who are working full time. I am sure that the hon. Lady would also want to welcome the wage data that have come out today.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: The primary responsibility for rogue lending lies with the Financial Conduct Authority, and its report at the end of May brought in a number of measures, including a cap on rent to own. I accept that more can be done, and that is why I am working hard with my colleague, the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), on the financial...

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: I am happy to give my hon. Friend that assurance. I have deep conversations on this matter with the Financial Conduct Authority regularly. I also met representatives of Scotcash and the credit unions over the recess to see what alternative supplies of affordable credit are available.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: I thank my hon. Friend for reminding us of those facts. During the Labour Government, there was also an increase in the welfare budget of 65%, or £84 billion in real terms. We have to spend money wisely, and my hon. Friend’s observations are welcome.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: What is sustainable is that real household disposable income is up by 4.6% since 2010. I acknowledge that there are those who are experiencing challenges, and that is why I have set out the measures the Government are taking and are determined to take to assist those in a vulnerable position.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: My hon. Friend is on top of the figures, as always, and sets out the positive story that this Government have to tell, but there is no room for complacency. This Government are committed to getting as many people back into work as possible, and we welcome the current record figures.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: There are different profiles of debt across the country, which is why the Government are committed to making interventions through the Financial Inclusion Forum to expand affordable credit and to assist those who are in difficulty. There is no room for complacency, and the Government are committed to assisting where necessary.

Oral Answers to Questions — Treasury: Household Debt (11 Sep 2018)

John Glen: Absolutely we will.


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