Results 1–20 of 438 for speaker:Andrew Griffith

Upcoming Business – Commons: Main Chamber (11 Oct 2022)

Health and Social Care Levy (Repeal) Bill – Andrew Griffith. Money Resolution

Written Answers — Treasury: NHS: Workplace Pensions (23 Sep 2022)

Andrew Griffith: The NHS pension scheme protects pensions in payment by increasing them by CPI and revalues accrued career average pension benefits by CPI+1.5% each year. The Government is committed to ensuring that hard-working NHS staff do not find themselves reducing their work commitments due to the interaction between their pay, their pension, and the relevant tax regime. On 22 September, the...

Written Answers — Treasury: Bank Services: Carmarthenshire (23 Sep 2022)

Andrew Griffith: The Government has welcomed industry efforts to develop coordinated initiatives to support access to cash. Following the Government’s commitment to legislate to protect access to cash, the Cash Action Group announced plans for industry to assess the access to cash needs of communities where there is a closure of a core cash service or upon the request of a local community. These assessments...

Written Answers — Treasury: Debts: Cost of Living (23 Sep 2022)

Andrew Griffith: Treasury Ministers meet regularly with banks and other financial institutions to discuss their general lending and retail banking practices. These financial institutions stand ready to support consumers in the current economic climate. For those struggling to keep up with their mortgage payments or pay back their overdrafts in light of the rising cost of living, it is important they make...

Written Answers — Treasury: Royal Mint: Non-fungible Tokens (23 Sep 2022)

Andrew Griffith: The government can confirm that discussions with the Royal Mint on the creation of a non-fungible token are ongoing.

Written Answers — Treasury: Financial Services: Standards (23 Sep 2022)

Andrew Griffith: The Government is committed to ensuring that consumers of financial services are appropriately protected whilst preserving the competitiveness of the UK financial services sector. The Financial Services Act 2021 required the Financial Conduct Authority (FCA) to consult on whether it should make rules giving regulated financial service providers a duty of care over their customers. This was in...

Written Answers — Treasury: Financial Conduct Authority: Liability (23 Sep 2022)

Andrew Griffith: The Financial Conduct Authority (FCA) is an operationally independent non-governmental body responsible for regulating and supervising the financial services industry. The FCA has statutory immunity from claims for damages under the Financial Services and Markets Act 2000. The Government believes this is important in allowing the FCA to take a robust approach to regulation and to focus its...

Written Answers — Treasury: Financial Services: Visual Impairment (23 Sep 2022)

Andrew Griffith: The Government does not make direct assessments of visually impaired consumers’ ability to access banking. However, The Financial Conduct Authority (FCA) conducts a Financial Lives Survey, which provides a comprehensive insight into the finances of the adult UK population. The latest survey closed in June 2022 and its findings will be published in due course, and will include insights on...

Written Answers — Treasury: Post Offices: Bank Services (22 Sep 2022)

Andrew Griffith: The Government recognises that millions of people across the UK continue to use cash as part of their daily lives, particularly those in vulnerable groups, and has introduced legislation to protect access to cash as part of the Financial Services and Markets Bill. The Bill intends to establish the Financial Conduct Authority as the lead regulator for cash access and provide it with...

Written Answers — Treasury: Pensions: Tax Yields (22 Sep 2022)

Andrew Griffith: Information in the form requested is not readily available and could only be obtained, compiled, and collated at disproportionate cost.

Written Answers — Treasury: Zambia: BlackRock (22 Sep 2022)

Andrew Griffith: Zambia is one of three countries to have requested a debt treatment under the Common Framework. The Common Framework was agreed in November 2020 by the UK, along with the G20 and Paris Club, to help deliver a long-term, sustainable approach for supporting low-income countries to tackle their debt vulnerabilities. Private sector participation in the Common Framework is critical. Under the...

Written Answers — Treasury: Blackmore Bond: Insolvency (22 Sep 2022)

Andrew Griffith: HM Treasury works closely with the FCA to maintain a strong and safe financial system. Treasury Ministers and officials regularly meet with the FCA to discuss a variety of matters. The FCA does not have power to investigate a firm that is unauthorised and not carrying out regulated activities. Where problems fall outside the FCA’s statutory remit, they assist other agencies and regulators...

Written Answers — Treasury: Economic Situation (21 Sep 2022)

Andrew Griffith: The economy grew by 0.8% in Q1, faster than the United States, France, Germany and Italy. Unemployment is at a near 50-year low of 3.8% for the three months to June, with the total number of pay rolled employees consistently above pre-pandemic levels.

Written Answers — Treasury: Bank Services: Rural Areas (21 Sep 2022)

Andrew Griffith: The Government believes that all customers, wherever they live, should have appropriate access to banking services. As part of the Financial Services and Markets Bill 2022, the Government has introduced legislation to protect access to cash. The Bill protects access to cash by establishing the Financial Conduct Authority as the lead regulator and providing it with appropriate powers to...

Written Answers — Treasury: Cost of Living Payments: Students (21 Sep 2022)

Andrew Griffith: The government understands that people across the UK are worried about the rising cost of living and are seeing their disposable incomes decrease as they spend more on the essentials. On 8 September, government announced that the energy price cap will be superseded with a new Energy Price Guarantee, which means that a typical UK household will pay no more than £2500 a year on their energy...

Written Answers — Treasury: Commodity Markets (21 Sep 2022)

Andrew Griffith: The Government believes effective commodities markets regulation is a key part of ensuring economic stability. This is a lesson reinforced by both the food and financial crises in the 2000s. In response to G20 commitments, the EU put in place a regime that sets limits on the amounts of commodity derivatives that market participants can hold, to ensure speculation does not lead to economic...

Written Answers — Treasury: First Time Buyers: Mortgages (20 Sep 2022)

Andrew Griffith: The Government is committed to helping as many first-time buyers as possible get onto the housing ladder and agrees that a history of paying rent should be able to help with this. In 2017, the Government launched the Rent Recognition Challenge: a £2 million competition challenging the UK’s world-leading tech firms to develop innovative applications to enable tenants to record and share...

Written Answers — Treasury: Pensions: Regulation (20 Sep 2022)

Andrew Griffith: The Government is committed to ensuring that the insurance regime remains a safe home for people’s pensions. As well as that, UK insurers remain internationally competitive. The Treasury's consultation on the prudential regulatory regime for insurers known as Solvency II closed on 21 July 2022. It included questions seeking evidence of the impact reforms would have on policyholder...

Written Answers — Treasury: Cash Dispensing (20 Sep 2022)

Andrew Griffith: The Government recognises that cash will remain an important part of daily life for millions of people across the UK for many more years. Decisions regarding the operation and funding arrangements of the ATM network are taken by LINK (the scheme that runs the UK's largest ATM network). LINK has commitments to protect the broad geographic spread of free-to-use ATMs and is held to account...

Written Answers — Treasury: Financial Services: Regulation (20 Sep 2022)

Andrew Griffith: The legislative framework underpinning financial services regulation in the UK provides for the regulators to be independent of government in their operational decisions. Following the Future Regulatory Framework Review the regulators will take on significant new rulemaking responsibilities. It is important to balance these new responsibilities for the independent regulators with clear...


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