Results 1–20 of 4280 for speaker:John Glen

Written Answers — Treasury: Debts: Advisory Services (21 Jan 2022)

John Glen: The Government and the Money and Pensions Service (MaPS) are committed to creating a more resilient debt advice sector, which will drive better quality of advice and customer outcomes over the longer term. As per their update of 17 December 2021, MaPS have evaluated the bids for the regional lot and concluded that the services being offered through submissions would not represent value for...

Written Answers — Treasury: Economic Cooperation: China (20 Jan 2022)

John Glen: The UK has led international efforts to hold China to account for its human rights violations in Xinjiang at the UN. We have imposed sanctions, including asset freezes and travel bans, on senior Chinese officials and taken steps to help ensure that no UK organisations are complicit in these violations through their supply chains. However, we can also pursue an economic relationship with China...

Written Answers — Treasury: Financial Services: UK Relations with EU (20 Jan 2022)

John Glen: As detailed in the answer to Question 38132, technical discussions on the text of the Memorandum of Understanding on financial services regulatory cooperation have concluded. The Government is ready to sign but further steps are required on the EU side before the MoU will come into effect and the UK-EU Forum can be convened.

Written Answers — Treasury: Financial Services Authority (20 Jan 2022)

John Glen: In January 2011, the Government announced its intention to introduce further regulation in relation to the sale of regulated mortgage contracts to unregulated firms. Following a review, the Government decided that it would not take forward legislation but would instead keep the position of contracts sold to unregulated firms under review and return to legislation if there was sufficient...

Written Answers — Treasury: Fraud (19 Jan 2022)

John Glen: In response to calls that current law on economic crime may require reform, the Government carried out a Call for Evidence in 2017 and published its response in November 2020. This is an extremely complex area of the law and the public consultation unfortunately proved inconclusive. The Government has therefore asked the Law Commission to undertake an in-depth review of the laws around...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: Since March 2020, the Government have delivered a comprehensive multibillion-pound package to support individuals and businesses during the pandemic. As the House would expect, the Government have taken the issue of potential fraud relating to covid grant schemes extremely seriously. Robust measures were put in place to control error and fraud in the key covid support schemes from their...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I thank the right hon. Gentleman for his comments, which I am very happy to address. First, we are not writing anything off. The figures quoted are what we expect that taxpayer protection taskforce to recover in the next two years in which it will exist. HMRC has longer to address fraud in the schemes, which it will do in the context of wider compliance activity. HMRC did not produce the...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I thank my hon. Friend for the clear point behind his question. We were straining every sinew in the Treasury to get money out as quickly as possible. On 14 April 2020, a Labour party press release stated: “It is clear that additional action needs to be taken to increase the take-up of the different measures. We have called for urgent action…as take-up is worryingly low.” That is why...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I listened very carefully, as I always do, to the hon. Lady. I totally agree that we must not accept any fraud and error as inevitable, and we will continue to bear down on that. From the start we designed the schemes to involve “know your customer” and anti-money laundering checks on application. Measures were put in place by the British Business Bank to detect multiple...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I can certainly confirm that the intention behind the range of interventions was to find the most appropriate delivery mechanism for the different support payments, and obviously we have worked with local authorities to give them that discretion. Every authority will need to be held to account for how it has decided to deliver the grants. My hon. Friend has made a clear case for where those...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I am sorry, but I cannot give the hon. Gentleman an exact answer. What I can say to him is that, according to HMRC, the expectation of fraud as part of that particular intervention in the summer of 2020 was about 8.5%, and the figures submitted by Jim Harra, the head of HMRC, in last year’s report were in line with the expectations set out at the start of this journey.

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I recognise that the gymnastics club in Kettering, along with so many other clubs of that type around the country, provides an enormously valuable point of contact for young people. I should be happy to examine my hon. Friend’s point in detail and write to him with clarification, rather than dealing with it from the Dispatch Box. The principle of giving discretion to local authorities in...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I know that the hon. Lady’s Select Committee is conducting an in-depth inquiry. I believe that the second permanent secretary and others appeared before the Committee last week, and I look forward to its report. I can absolutely clarify that we do see the distinction between a credit loss and fraud. What we are talking about here is: what are the most effective mechanisms, and over what...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I thank my right hon. Friend for his question. He helpfully highlights that many of these grants and schemes were very effective in getting money to the right people in a timely way. I spoke earlier to an official from HMRC, who said, “We managed to get some of the money out in six days. If we had spent more time designing in more verification, we could have made it watertight. That would...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I do not accept the premise of the hon. Gentleman’s question. The estimate of the amount of fraud is broadly in line with what we see in other Departments, including the Department for Work and Pensions. There is no complacency here. There is a desire to iterate our response by using insights into behaviour to examine all avenues to reclaim this fraud, and we will continue to take that...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I have been in the Treasury for more than four years under three Chancellors. I have supported them all to the best of my ability, and I will continue to do so. What I can tell the hon. Gentleman is that the Chancellor has been absolutely committed from the start to design the best possible scheme to provide the money to support businesses and individuals up and down this country. Since...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: This Government made a range of interventions to support people in different forms and in different ways. We were clear from the very start that we would not be able to help everyone. One of the issues we had to reconcile was verification of people’s identity and status, and this measure to prevent fraud arguably stopped some people accessing the benefits of some of these schemes. I do not...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: No, I do not accept that, I am afraid. At every stage the Government took the best advice that we could on the flows of data that were available from HMRC and Companies House, which conditioned the design of the schemes. Subsequently, insights and input from Companies House, HMRC and the Insolvency Service have governed how we seek to tackle and recover moneys from fraud.

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: I am of course very concerned about businesses that are struggling and have been in difficulty, but I am pleased that the economy has recovered far quicker than many anticipated it would this time two years ago, and I am pleased that unemployment is at about 4.1%, rather than the 12% that was anticipated at the start of this crisis. There is no complacency from this Government, and there is...

Coronavirus Grant Schemes: Fraud (18 Jan 2022)

John Glen: The hon. Lady points to the fact that none of these schemes was perfect. She recognises implicitly that checks against data to verify people’s identity were necessary to ensure that they were suitable recipients of taxpayers’ funds. Unfortunately that meant that some were not able to secure the support that they sought. Where we can, we have moved forward and iterated these schemes,...

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