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Results 1–20 of 967 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:John Glen

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: It is a pleasure to serve under your chairmanship, Mr Hanson. I start by acknowledging the work of the all-party group and by thanking my hon. Friend the Member for Stirling (Stephen Kerr) and the hon. Member for East Lothian (Martin Whitfield) who secured this important debate. Members have spoken with conviction and passion about some banks behaving in an appalling fashion. I recognise...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I thank the hon. Gentleman for that intervention, but I will take the opportunity to correct him. The Government do not have a 70% shareholding. We have a 62.4% shareholding. We do not have control of the day-to-day running of the bank, in the same way that the Scottish Government do not have control of Prestwick Glasgow Airport, yet they have a complete shareholding in it. We need to be...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I want to try to address our constituents’ concerns about bank closures and what the Government are doing to see that their services are provided. The Post Office and the banking industry have a commercial agreement that enables 99% of the UK’s personal and 95% of the UK’s business customers to carry out their day-to-day banking. I am concerned about the effectiveness of...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I will not keep giving way—I need to finish what I am saying. I will give way in a moment. Let me just finish this point. The Government also support the industry’s access to banking standards, overseen by the independent Lending Standards Board, which commits banks to better communicate with customers and those who need more help when a bank closes. I am not seeking to duck any...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I was making it clear that, as a Minister, I do not make the operational day-to-day decisions about which individual branches should close. My responsibility is to see that consumers have access to the services they need, and I have done that through brokering the arrangement between UK Finance, which represents the banks, and the Post Office, which provides services when closures take place....

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I am grateful to my hon. Friend for that intervention. The Payment Systems Regulator is doing a live piece of work to look at scamming and will report in September. It looks very much at culpability in such cases and I hope it will come up with a clear resolution that will give the public a better understanding. If I may, given the luxury of additional time, Mr Hanson, I am going to try and...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I am happy to look carefully at the issues and the respective responsibilities and interaction between them that the hon. Gentleman raises. I fully accept the sensible point he makes. I want to return to the case raised by my hon. Friend the Member for Stirling. Several specific cases were raised and my hon. Friend spoke passionately about his constituent’s case, which is illustrative...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I am glad that the hon. Gentleman has conceded the point on RBS. I want to focus on banks, and I was responding specifically on the matter of RBS. I want to set out what the Government have done to address the issues that came to the fore during the financial crisis, because the regulatory framework and what has evolved over the past 10 years is a foundation for some of the outstanding...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I agree, and will discuss the implications of that. Many of the concerns that are raised relate to small businesses—sometimes microbusinesses, and sometimes individuals who have been working hard, with a perfectly solid relationship with their bank. Those businesses form the backbone of our economy, as several hon. Members have said this afternoon, and there has been justified anger,...

Backbench Business: Banking Sector Failures — [Mr Peter Bone in the Chair] (12 Jul 2018)

John Glen: I am happy to keep taking interventions, but I am getting to the points that are raised. I would like some flow in what I am trying to say. I remind hon. Members that what happened at HBOS Reading was criminal behaviour—beyond unacceptable. It is right and just that six people have been convicted, and that they are serving more than 47 years in prison. In March 2017, following the...

Oral Answers to Questions — Treasury: UK Battery Storage Market (3 Jul 2018)

John Glen: The Government have a number of policies in place to support the development of low-carbon technology, including battery storage technologies. Those include the carbon price support mechanism, which encourages decarbonisation of the power sector; the Government’s smart systems and flexibility plan; and the Faraday challenge fund.

Oral Answers to Questions — Treasury: UK Battery Storage Market (3 Jul 2018)

John Glen: I am grateful for that question. My hon. Friend is correct; we are maintaining our position as a global leader in offshore wind. But the combination of that with support for the battery storage sector is important, and we will be supporting it through the capacity market, which is helping to bring down costs.

Oral Answers to Questions — Treasury: UK Battery Storage Market (3 Jul 2018)

John Glen: I have not personally had any such discussions, but the Exchequer Secretary will have done. We are supporting that business, and many others up and down the country, through the comprehensive industrial strategy that we are rolling out in different sectors.

Oral Answers to Questions — Treasury: Infrastructure Investment: Kent (3 Jul 2018)

John Glen: The Government are committed to ensuring that every part of the country has a modern and efficient infrastructure. In Kent, the extent of superfast broadband has risen from 33% to 95% since 2010, and the South East local enterprise partnership has secured £590 million for 30 transport schemes. Work has recently begun on a £105 million upgrade to junction 10a of the M20.

Oral Answers to Questions — Treasury: Infrastructure Investment: Kent (3 Jul 2018)

John Glen: My hon. Friend makes a very sensible point. The dualling of the A2 near Dover was raised as an issue in Highways England’s route strategy for Kent and is being considered alongside other investments. The A256 is part of the indicative major road network and the Department will be publishing the final network by the end of the year. If it is included, it will be a matter for the local...

Oral Answers to Questions — Treasury: Infrastructure Investment: Kent (3 Jul 2018)

John Glen: I am very sorry but I do not recognise the hon. Gentleman’s characterisation of the Government’s intentions. We have actually rolled out a comprehensive strategy across the country in terms of the northern powerhouse and the midlands engine with the systematic devolution of decision making and resources to enable growth throughout the country.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

John Glen: I held a workshop with representatives of various credit unions this week, and one with community development financial institutions last week. I have convened a working group from the financial inclusion taskforce, which will meet in September to consider urgently expanding access to credit options on better terms than the high-cost ones that exist in the market. We are doing all that we can...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

John Glen: The report is a welcome step forward, and I note the provision that is made for further steps if the proposed measures do not have an effect. I will be meeting Andrew Bailey tomorrow morning to discuss it further.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

John Glen: I eagerly await the report’s launch next Wednesday. I will be happy to meet the all-party group and make a judgment about the best outcome on that issue, along with three other streams of work, in the autumn.

Oral Answers to Questions — Treasury: Lifetime ISAs (22 May 2018)

John Glen: In the first financial year, 2017-18, there was no unauthorised withdrawal charge in place. The data for 2018-19 is obviously not yet known, but HMRC will publish it when it is available.


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