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Sajid Javid: holding answer 12 September 2013 Both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are monitoring the Co-op Bank closely throughout the process of its current liability management exercise. The PRA is working to ensure that the firm is put on a sound financial footing and the FCA is working to ensure that consumers are afforded an appropriate degree of...
Sajid Javid: The FCA is responsible for ensuring an appropriate degree of protection for consumers of financial services. This includes consideration of whether a firm has allowed the creation of a false market in securities. This question has been passed to FCA, who will reply to the hon. Gentleman directly by letter. A copy of the letter will be laid in the Library of the House. The Treasury has no...
Sajid Javid: The following table contains the number of individuals holding stocks and shares ISA accounts as of 5 April of each of the last 14 years where data are available. Number of individuals (Thousand) 2000 4,060 2001 5,844 2002 5,786 2003 5,810 2004 6,017 2005 6,247 2006 6,009 2007 6,194 2008 6,577 2009 8,065 2010 7,420 2011 7,776 2012...
Sajid Javid: The Chancellor of the Exchequer has not received any representations from the Northern Rock Asset Management Action Group.
Sajid Javid: The Government receives representations from a wide variety of stakeholders and organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government's practice to provide details of all such representations.
Sajid Javid: The information requested has been withheld under section 40 (2) of the Freedom of Information Act, as the information constitutes personal data relating to a third party that they would not expect to be made public. Disclosure of this information is also likely to breach the first data protection principle in schedule 1 to the Data Protection Act, which relates to the fair and lawful...
Sajid Javid: Published commissions by HM Treasury are available on the Treasury website at https://www.gov.uk/government/publications?key words=&publication_filter_option=independent- reports&topics%5B%5D=all&departments%5B%5D=hm-treasury&world _locations%5B%5D=all Research activities funded by HMRC are available on the HMRC website at http://www.hmrc.gov.uk/research/activities.htm The total cost of...
Sajid Javid: The number of identity passes reported lost or stolen by HM Treasury staff since May 2010 is 119 lost and nine stolen. The number of passes lost or stolen has fallen year on year since 2010. All passes are disabled as soon as they are reported as lost or stolen, and do not contain information that links them to their respective building or organisation.
Sajid Javid: I refer the hon. Member to the answer the Minister of State for the Cabinet Office gave him today.
Sajid Javid: The cost of paying UK pensions to-those residing in a country with which the UK does not have a bilateral social security agreement covering the uprating of pensions, is estimated to be at around £700 million (per year) and rising. This figure is based on the current rate in the UK and covers all recipients residing outside the European Economic Area and Switzerland.
Sajid Javid: Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. The Treasury publishes a list of ministerial meetings with external organisations, available at: http://www.hm-treasury.gov.uk/minister_hospitality.htm
Sajid Javid: holding answer 12 September 2013 The Government is fully committed to tackling the illicit trade in tobacco products and ensuring that smuggling does not undermine the health and revenue benefits of real increases in tobacco duties. HMRC continually adapts and develops its tobacco strategy to meet changing risks and threats. Through the 2010 spending review, HMRC has invested a further £25...
Sajid Javid: I would like to update the House on the loan to Ireland. Ireland completed the 10th quarterly review of its International Monetary Fund and European Union programme of financial assistance on 9 May 2013, following which, the utilisation period for the final instalment of the UK bilateral loan began. HM Treasury and Ireland mutually agreed that the utilisation period would conclude on 30...
Sajid Javid: The Government recognises that money service businesses play a critical role and is committed to supporting a thriving and well regulated money remittance sector. Last month, the Government chaired a round table attended by representatives from Parliament, Government, anti-money laundering supervisors, banks, money service businesses and trade associations to discuss the impact of regulation,...
Sajid Javid: The Government recognises that money service businesses play a critical role and is committed to supporting a thriving and well regulated money remittance sector. Last month, the Government chaired a round table attended by representatives from Parliament, Government, anti-money laundering supervisors, banks, money service businesses and trade associations to discuss the impact of regulation,...
Sajid Javid: The Government has no plans to introduce a dedicated switching service for insurance policies. Competition is currently maintained through online comparison sites and brokers, and customers are able to cancel their current policies to take advantage of these services.
Sajid Javid: The Government has no plans to introduce a centrally held No Claims Database for insurers. The Claims and Underwriting Exchange, a company set up through industry cooperation, already enables all major insurers to access information on previous insurance contracts. Offering a no claims discount on the basis of this information is a commercial decision for insurers.
Sajid Javid: The Government has no plans to increase insurer's access to customer data for identification or claims history. There are multiple commercial operators and industry-led initiatives which fulfil this function.
Sajid Javid: On 1 August 2013 the UK Government received notification from the European Commission that it had decided to open a formal investigation in relation to certain exemptions, exclusions and tax reliefs from the aggregates levy. The Commission has raised no objections to most of the exemptions, exclusions, and tax reliefs from the levy and has made it clear that the levy in its entirety is not...
Sajid Javid: The Parliamentary Secretary, Cabinet Office, my hon. Friend the hon. Member for Ruislip, Northwood and Pinner (Mr Hurd), with responsibility for civil society and I, are pleased to announce that following a consultation undertaken earlier this year, the Government are today publishing their response and outlining a package of measures to improve the operation and increase awareness of...