Results 181–200 of 4174 for speaker:John Glen

Demutualisation of Liverpool Victoria (15 Sep 2021)

John Glen: I am always ready to look at constructive suggestions and am happy to take this forward. I suspect there may be legal impediments to the publishing of some of that information, but I will certainly ask the questions and seek to relay to the hon. Gentleman the fullest answer that I am able to. I am frequently in my current role in between this place and independent regulators. It is right that...

Written Answers — Treasury: No-interest Loans Scheme (15 Sep 2021)

John Glen: On 6 September, Fair4All Finance announced they had been appointed to deliver the pilot and further details of their plans. This included that the pilot will run in up to six locations one of which is expected to be in Northern Ireland. Further information on the pilot can be found at: https://fair4allfinance.org.uk/news/plans-announced-for-new- uk-wide-no-interest-loan-scheme-pilot/.

Written Answers — Treasury: Cash Dispensing: Fees and Charges (15 Sep 2021)

John Glen: The Government remains closely engaged with the Financial Conduct Authority (FCA) in developing its cash access proposals, including through the Joint Authorities Cash Strategy Group, which provides a forum for the public bodies to formally co-ordinate respective approaches to access to cash. The Group is chaired by HM Treasury and attended by the Bank of England, Payments Systems Regulator...

Written Answers — Treasury: Collateral (UK): Insolvency (15 Sep 2021)

John Glen: Ministers and officials have had no recent discussions with the FCA on the collapse of Collateral (UK) Ltd. The FCA is an independent regulator responsible for overseeing the peer to peer lending sector and preventing firms from carrying out unauthorised activity. Investigations into individual firms’ activities are a matter for the FCA.

Written Answers — Treasury: Credit (13 Sep 2021)

John Glen: HM Treasury does not hold information on the number of people accessing financial products through Buy-Now-Pay-Later firms, the number of people referred to debt collection agencies by Buy-Now-Pay-Later firms, or the total level of debt owed to Buy-Now-Pay-Later firms. On 2 February, the Government announced its intention to regulate Buy-Now-Pay-Later products. On 17 March, the Government...

Written Answers — Treasury: Pensions: Tax Allowances (13 Sep 2021)

John Glen: Her Majesty’s Revenue & Customs’ most recently published figures estimate Income Tax relief on contributions to private pensions totalled £30.5 billion in 2017-18 and it is estimated around 60% of this is relieved to Higher and Additional Rate taxpayers. HM Revenue & Customs’ Personal Pensions: Contributions and Tax Relief Statistics are next due to be published on 30 September 2021.

Written Answers — Treasury: National Savings Bonds: Environment Protection (13 Sep 2021)

John Glen: In June 2021, the Government published the UK Government Green Financing Framework. This outlines HM Treasury’s approach to measuring and reporting the impact of Green Savings Bonds and the Green Gilt The Government will publish biennial impact reports starting no later than 2023. These will include metrics measuring the environmental impacts of six categories of expenditure financed by the...

Written Answers — Treasury: Freezing of Assets (13 Sep 2021)

John Glen: Since the launch of the Global Anti-Corruption financial sanctions regime in April 2021, an asset freeze has been imposed against 27 individuals. The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. That review has not yet commenced...

Written Answers — Treasury: Financial Services: Northern Ireland (13 Sep 2021)

John Glen: The Government recognises that there are varying levels of financial inclusion and vulnerability across the UK, including from the ongoing impact of COVID-19, and is committed to helping people access the support they need to get their finances back on track. The Government remains committed to ensuring that individuals, whatever their background or income, and wherever they live in the UK,...

Written Answers — Treasury: Individual Savings Accounts (13 Sep 2021)

John Glen: Information on unauthorised Lifetime ISA withdrawals will be published in the next HMRC savings statistics publication and will be available via the gov.uk website.

Written Answers — Treasury: Banks (13 Sep 2021)

John Glen: Decisions on opening and closing branches are a commercial issue for banks and building societies. The Government does not intervene in these decisions or make direct assessments of banks’ branch networks. However, the Government also firmly believes that the impact of branch closures should be understood, considered, and mitigated where possible so that all customers, wherever they live,...

Written Answers — Treasury: Money (13 Sep 2021)

John Glen: The Government recognises the importance of cash to the daily lives of millions of people and businesses across the UK, including those who may be on low incomes or vulnerable. That is why at the March 2020 Budget, the Government committed to legislating to protect access to cash and ensuring that the UK’s cash infrastructure is sustainable in the longer term. On 1 July, the Government...

Written Answers — Treasury: Bank Services: Third Sector (13 Sep 2021)

John Glen: Throughout the COVID-19 pandemic, there has been unprecedented demand for banking services, this accompanied with working restrictions due to social distancing has meant banks have faced significant capacity pressures which has limited their ability to meet demand for bank accounts, among other things. Banks continue to work hard to meet this demand. Ultimately, the decisions about what...

Written Answers — Treasury: International Monetary System: Belarus (13 Sep 2021)

John Glen: We are considering all appropriate and effective means of constraining the finances of the Lukashenko regime. The UK has already made more than 100 sanctions designations in response to the fraudulent elections and subsequent human rights violations in Belarus and remains committed to taking action against those responsible for the continued suppression of democracy, human rights and...

Written Answers — Treasury: Monetary Policy Committee: Scotland (13 Sep 2021)

John Glen: Appointments to the Monetary Policy Committee are made on merit following fair and open competition. Appointments have come from diverse educational and professional backgrounds to ensure the committee benefits from a wide range of expertise.

Written Answers — Treasury: Mortgages: Coronavirus (13 Sep 2021)

John Glen: Decisions concerning the pricing and availability of loans, including application requirements, remain commercial decisions for lenders and the Government does not seek to intervene. For individuals applying for new credit, it remains important that lenders are able to carry out proper checks to ensure that they are not lending in an unaffordable way, especially if, for example, a...

Written Answers — Treasury: Azure Services: Loans (13 Sep 2021)

John Glen: This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply directly to the Honourable member by letter. A copy of the letter will be placed in the Library of the House.

Written Answers — Treasury: Credit Unions (10 Sep 2021)

John Glen: The Government recognises the vital role of credit unions in the financial wellbeing of their communities, providing an ethical home for their members’ savings and affordable loans to those who may otherwise have to resort to high-cost lenders. Local authorities have significant freedoms to choose what investments they make and how to finance them. The Government funded £617m for the...

Written Answers — Treasury: Child Trust Fund: Wales (10 Sep 2021)

John Glen: The number of protected Child Trust Funds in Wales can only be made available at a disproportionate cost.

Written Answers — Treasury: Banks: British Nationals Abroad (9 Sep 2021)

John Glen: Regulatory rules, known as Strong Customer Authentication (SCA), apply to UK banks and other UK payment service providers. These rules aim to improve security and reduce fraud by ensuring that the person requesting access to a payment account, or trying to make a payment, is either the payer or someone to whom they have given consent. The Financial Conduct Authority (FCA) is responsible...


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