Results 181–200 of 4921 for speaker:John Glen

Economic Responsibility and a Plan for Growth (19 Oct 2022)

John Glen: I recognise the value of stability and predictability. Given the changes to the corporation tax rate, and given that under the previous Administration my right hon. Friend the Member for Richmond (Yorks) (Rishi Sunak) was going to reduce the bank corporation tax surcharge from 8% to 3%, could the Minister confirm the Government’s intentions, and the assessment made of the effect for banks...

Economic Responsibility and a Plan for Growth (19 Oct 2022)

John Glen: May I simply point out that, if the rate is retained as an 8% surcharge, banks will be paying 33%? When added to the employment costs for national insurance, they may have issues in terms of competitiveness. If that is necessary, could the Minister please make it clear to banks and the markets, so that they can plan for the future?

Chinese Consulate: Attack on Hong Kong Protesters (18 Oct 2022)

John Glen: My constituents will be alarmed at what they saw happen in Manchester. I recognise that the Government will have to maintain a constructive dialogue amidst a complicated relationship with China, but let us be really clear that the Chinese regime have shifted in their behaviours in recent years. The behaviour on the streets of Manchester demonstrates that shift. I urge my right hon. Friend not...

Transport: Topical Questions (13 Oct 2022)

John Glen: I thank the Secretary of State for reaching out to me in the early days in her new role. I urge her to make a final, binding decision on the tunnel at Stonehenge on the A303. We have been waiting nearly eight years for a definitive statement and I would welcome a decision by the end of this month.

Procurement of Evusheld (12 Oct 2022)

John Glen: My constituent Helen Nash asked me to be here to support the case that the hon. Lady is making. She makes the key point: while the Government did a lot of great work to accelerate the availability of vaccines for the population at large, this particular cohort seems to be subject to a very different set of criteria. That is the great concern. While we must rely on clinical advice, we must...

Health and Social Care Levy (Repeal) Bill (11 Oct 2022)

John Glen: I, too, congratulate my right hon. Friend on his new role. I acknowledge the narrative of growth and the therapeutic effect of the combination of supply-side reforms and tax cuts to generate growth. My concern is the interval between his assertions today and the medium-term fiscal strategy that will be announced on 31 October, and the markets’ confidence in that interval. Today we see a...

Prayers - [Mr Speaker in the Chair] : The Growth Plan (23 Sep 2022)

John Glen: I very much welcome the aspirations for growth; all Governments and all Conservative Chancellors should have their minds focused on sustainable growth. I welcome the measures on the EIS and the SEIS, which were planned. I note the economic logic behind the bankers’ bonus cap change, but in my four and a half years as City Minister, the biggest concern that banks had was the overall tax...

Tributes to Her Late Majesty the Queen (10 Sep 2022)

John Glen: I rise to speak today on behalf of my Salisbury constituents. I wish to start by acknowledging the unique contribution that Her Majesty has made to our nation, the Commonwealth and the world. We will never see a monarch reign through so many decades. The overwhelming grief, sadness and disorientation that our nation is now experiencing is in proportion to and a direct consequence of the...

Financial Services and Markets Bill (7 Sep 2022)

John Glen: I cannot resist. I think there is great consensus in the House on this matter. It is not a question of a lack of political will; I can assure the hon. Lady that it is about the complexity of delivering that legislation. In fact, the intent’s having been stated will have a meaningful effect on market practices and will change, and is changing, behaviours in the marketplace.

Financial Services and Markets Bill (7 Sep 2022)

John Glen: May I say what a great pleasure it is to speak in this debate? It will be of little surprise to the House that I support many of the measures in the Bill—20 separate measures, I think, over 335 pages. I would like to make a few comments on the process that led to the Bill, some observations on the policy content and, if I may, a few suggestions about some areas in which the Government might...

Written Answers — Treasury: Financial Conduct Authority: Standards (5 Jul 2022)

John Glen: The Financial Conduct Authority (FCA) is operationally independent from the Government. Therefore, questions about operational matters are for the independent FCA. This question has therefore been passed to the FCA who will respond directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.

Written Answers — Treasury: Safe Hands Plans: Insolvency (5 Jul 2022)

John Glen: In January 2021, the government legislated to bring all pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA) from 29 July 2022. This will ensure that, for the first time, consumers are protected by compulsory and robust regulation. To address broader risks posed by providers not obtaining authorisation, on 21 April the...

Written Answers — Treasury: Financial Services: Forests (4 Jul 2022)

John Glen: The Government has taken ambitious action to green the financial system. The UK was the first country in the world to commit to fully mandatory disclosures aligned with the Taskforce on Climate-Related Financial Disclosures (TCFD). These rules have now been introduced by the FCA, BEIS and DWP. The Government is also supporting the work of the Taskforce on Nature-related Financial...

Written Answers — Treasury: Credit (4 Jul 2022)

John Glen: The UK is well known internationally as a hub for high quality capital markets backed by strong and effective regulation. The Treasury is committed to ensuring the proper functioning of capital markets, including working with the Financial Conduct Authority to monitor any potential risks to UK markets. The Treasury is not aware of any concerns that Sponsor Designation of legal advice poses...

Written Answers — Treasury: Cooperatives and Mutual Societies: Finance (4 Jul 2022)

John Glen: The Chancellor and I meet with the Department for Business, Energy and Industrial Strategy on a regular basis to discuss a range of issues. The Government sees co-operatives as a vital part of the UK economy, delivering services that their members and local communities need. The Government recognises that incubators and accelerators play a crucial role in helping businesses. Local...

Written Answers — Treasury: Mortgages: Interest Rates (4 Jul 2022)

John Glen: In November 2021, I laid before Parliament a review on the issue of mortgage prisoners conducted by the Financial Conduct Authority (FCA). This review found that there are 47,000 mortgage prisoners who might benefit from switching to a new mortgage deal but are considered too high risk to do so, despite being up to date with payments. The review makes clear that the reasons mortgage...

Written Answers — Treasury: Electronic Funds Transfer: Fraud (30 Jun 2022)

John Glen: The Government recognises the actions of the financial services industry to help tackle APP fraud, including the creation of the Contingent Reimbursement Model Code. The Contingent Reimbursement Model (CRM) is a voluntary code which sets out reimbursement standards for signatory Payment Service Providers (PSPs). With nine of the UK’s largest banks signatory to the Code, the CRM has had...

Written Answers — Treasury: Bureaux de Change: Fees and Charges (30 Jun 2022)

John Glen: The Government recognises the importance of transparency of fees and charges in ensuring effective competition between payment service providers. Where currency conversion is provided as part of a payment transaction, the Payment Services Regulations 2017 make requirements on UK payment service providers regarding disclosure of fees and charges to the payer, for example, the exchange rate...

Written Answers — Treasury: Financial Services Ombudsman: Standards (30 Jun 2022)

John Glen: The Financial Ombudsman Service (FOS) is an independent non-governmental body. The Treasury is not involved in the day-to-day operations of the FOS and the remit of the FOS is set out by the Financial Conduct Authority. The rules on how the FOS should handle complaints state that ‘The ombudsman will attempt to resolve complaints at the earliest possible stage. Inevitably some cases will be...

Written Answers — Treasury: Bank Services: Domestic Abuse (30 Jun 2022)

John Glen: The Government is strongly committed to tackle financial exclusion and discrimination and aims for everyone, whatever their background or income, to be able to access useful and affordable financial products and services. The Government works closely together with regulators, the financial services industry and other stakeholders, to ensure that all consumers of financial services are...

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