Results 1–20 of 1218 for speaker:John Glen

Upcoming Business – Commons: Select Committee (21 Feb 2018)

Environmental Audit: Green Finance. 2:00 pm; The Grimond Room, Portcullis House
Witnesses: Rt Hon Claire Perry MP, Minister for Energy and Clean Growth, Department for Business, Energy and Industrial Strategy John Glen MP, Economic Secretary to the Treasury Fiona Walker, Deputy Director in Private Pensions and Head of Automatic Enrolment and Defined Contribution, Department for Work and Pensions Catherine Bremner, Transformation Director, BEIS

Written Answers — HM Treasury: Financial Services: Fraud (20 Feb 2018)

John Glen: The information requested is not held by the Treasury.

Written Answers — HM Treasury: Insurance: Terrorism (20 Feb 2018)

John Glen: There is nothing in current legislation in the Reinsurance (Acts of Terrorism) Act 1993 that prevents insurers from offering terrorism insurance beyond property damage to businesses, and indeed such products exist on the market. That said, I understand the concerns that businesses have raised about terrorism insurance cover for business interruption losses that are not linked to damage to...

Written Answers — HM Treasury: Mortgages: Interest Rates (20 Feb 2018)

John Glen: Action taken by this Government in the years following the financial crisis has supported low and stable interest rates, so that mortgage borrowers have been able to benefit from historically low mortgage rates. For example, an average 2-year fixed rate mortgage has fallen consistently over the last 8 years, from 6.64% in December 2009 to 2.21% in December 2017.[1] [1] Bank of England, G1.3...

Written Answers — HM Treasury: Personal Savings (20 Feb 2018)

John Glen: The government offers four tax advantaged share schemes, Company Share Option Plan, Share Incentive Plan, Enterprise Management Incentives and Save As You Earn. These enable employers and their employees to mutually benefit from generous Income Tax, National Insurance, and Capital Gains Tax reliefs when they participate. At Autumn Budget 2017 the government announced that employees on the...

Written Answers — HM Treasury: Midas Financial Solutions (Scotland) (20 Feb 2018)

John Glen: The publication of findings following an investigation by the Financial Services Authority is a matter for their successor, the Financial Conduct Authority. The FCA is an independent non-governmental body responsible for regulating and supervising the financial services industry. Given the FCA’s independence, it would not be appropriate for the government to comment further on this case.

Written Answers — HM Treasury: Credit Unions (20 Feb 2018)

John Glen: The government is committed to supporting credit unions, which provide vital services to financially underserved communities and contribute to the diversity of the UK’s financial services sector. The government has done this by: Announcing at Autumn Budget 2017, that where a credit union’s membership conditions are based on locality, a credit union will be able to increase the...

Written Answers — HM Treasury: Domestic Violence (20 Feb 2018)

John Glen: The Treasury has not issued guidance. The independent financial services regulator - the Financial Conduct Authority (FCA) - requires firms to treat their customers fairly and has broad and robust powers to enforce breaches of its rules. Confirmed Industry Guidance for the FCA’s Banking Conduct of Business Sourcebook sets out what information firms must provide to customers when they...

Written Answers — HM Treasury: Money Laundering (20 Feb 2018)

John Glen: Since 2010, over 9700 people in England and Wales have been successfully convicted for money laundering offences – most of these are under the Proceeds of Crime Act 2002 (POCA) which provides for various money laundering offences, including where an individual knows or suspects they may be facilitating money laundering or seeks to conceal criminal property. The Money Laundering...

Written Answers — HM Treasury: Sanctions: Democratic Republic of Congo (15 Feb 2018)

John Glen: An error has been identified in the written answer given on 12 February 2018. The correct answer should have been: The approximate aggregate value of funds frozen in the UK (under EU Regulation 1183/2005 Democratic Republic of Congo) was £ 580,000,000 at the close of business on 30 September 2016. The figures for the 2017 round of UK frozen funds reporting are in the process of...

Written Answers — HM Treasury: Sanctions: Democratic Republic of Congo (15 Feb 2018)

John Glen: The approximate aggregate value of funds frozen in the UK (under EU Regulation 1183/2005 Democratic Republic of Congo) was £ 580,000,000 at the close of business on 30 September 2016. The figures for the 2017 round of UK frozen funds reporting are in the process of being finalised and as such are not currently available. The frozen funds continue to belong to the individuals and entities...

Written Answers — HM Treasury: Cash Dispensing: Fees and Charges (14 Feb 2018)

John Glen: There are currently around 70,000 ATMs in the UK, 55,000 of which are free to use. Government has not made an estimate of the ratio of fee charging and free to use cash dispensers in in the 100 most deprived wards in England. However, LINK, the scheme behind the UK’s ATM network, publishes data showing the number of free-to-use ATMs and pay-to-use ATMs available in each Parliamentary...

Written Answers — HM Treasury: Cryptocurrencies (14 Feb 2018)

John Glen: As with all policies, the Government keeps its policy towards digital currencies under review. The Government recognises the significant benefits that digital currencies and the related technology could bring, as well as potential challenges. The Government is monitoring the situation, and believes any regulation should be proportionate and risk-based.

Written Answers — HM Treasury: Stocks and Shares: Sanctions (9 Feb 2018)

John Glen: Her Majesty’s Government (HMG) is committed to ensuring financial sanctions are effectively implemented and enforced throughout the UK. HMG also works closely with authorities around the world to help ensure compliance with international sanctions. In its role as the UK Listing Authority (UKLA), The Financial Conduct Authority (FCA) is the competent authority for regulating listed...

Community Bank Closures (8 Feb 2018)

John Glen: I commend the hon. Member for Stoke-on-Trent North (Ruth Smeeth) and my hon. Friend the Member for Hazel Grove (Mr Wragg) on securing this debate, and thank the Backbench Business Committee for allowing it. We have had a lively debate with 16 Back-Bench contributions, and it has rightly aroused a lot of passion. It is the third such debate in the four weeks that I have been in...

Community Bank Closures (8 Feb 2018)

John Glen: I am happy to do that. I have written to the Post Office and UK Finance to impress upon them the importance of developing detailed joint proposals to achieve the objectives that everyone rightly requires of them. I am clear that those proposals must include the following: a shared vision for public awareness of the banking services available at the Post Office; measurable outcomes that the...

Written Answers — HM Treasury: Money Laundering and Taxation: Malta (8 Feb 2018)

John Glen: The UK believes that multilateral cooperation is essential in tackling money laundering, tax evasion and all forms of cross-border financial crime. The UK discusses these issues regularly at international fora, and through bilateral dialogues as appropriate.

Written Answers — HM Treasury: Debt Rescheduling (8 Feb 2018)

John Glen: The Government wants to ensure that as many consumers who would benefit from a statutory debt management plan are able to do so. The Government will present a proposal on the design of a breathing space and statutory debt management plan this summer, based on responses to the Call for Evidence which closed on 16th January.

Written Answers — HM Treasury: Debts (8 Feb 2018)

John Glen: The Government is committed to ensuring that consumers who need to access free-to-user debt advice can do so quickly and easily. That is why the Government commissioned the Money Advice Service (MAS), which spent just under £49m on over 440,000 free-to-user debt advice sessions last year, and why the FCA’s information sheet signposts to this support. The Government is also...

Written Answers — HM Treasury: Cash Dispensing: Fees and Charges (8 Feb 2018)

John Glen: It is not the Department’s policy to place copies of correspondence between it and third parties in the Library.


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