Category: Speeches

  • Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

    Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Chi Onwurah on 2016-10-19.

    To ask Mr Chancellor of the Exchequer, what safeguards the Government plans to put in place to protect customers from fraud and cyber security risks if they use new products and services in an open banking environment.

    Simon Kirby

    Improving the resilience of the finance sector to risks such as cyber security is a priority for the Government. HM Treasury works closely with the financial regulators to drive this improvement; it is their responsibility to supervise banks’ operations. The Financial Conduct Authority has a specific objective on consumer protection.

    The Competition and Markets Authority (CMA) published the final report of its market investigation into retail banking on 9 August 2016. As part of this the CMA requires the nine largest UK banks to develop and adopt an open banking standard for application programming interfaces (APIs) to allow access to customer account information, as set out in the revised Payment Services Directive (PSDII) which will come into force in January 2018. These nine banks are required to deliver open data APIs by Q1 2017, and deliver the full open API banking standard by early 2018. Data protection and cyber security are key considerations in PSDII, and the Government will be consulting on the transposition of this directive shortly.

  • Emily Thornberry – 2015 Parliamentary Question to the Department for Work and Pensions

    Emily Thornberry – 2015 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Emily Thornberry on 2015-11-09.

    To ask the Secretary of State for Work and Pensions, with reference to the Rent Officers (Housing Benefit and Universal Credit Functions) (Local Housing Allowance Amendments) Order 2015 (S.I., 2015, No. 1753), what total amount will be made available to local authorities under the Targeted Affordability Fund before the date on which those regulations are due to come into force.

    Justin Tomlinson

    Over the next five years Targeted Affordability Funding (TAF) will be drawn from recycling a percentage of the savings from the freeze of Local Housing Allowance (LHA) rates. As a result of the level of savings produced by the freeze next year there will be no TAF available in 2016/17; however, there will be funding from 2017/18 to 2020/21.

    From 2017/18 around 30 per cent of the potential savings per year from the freeze to LHA will be used to support areas where higher rent increases are causing a shortage of affordable accommodation.

    The level of TAF in 2016/17 would have been the same if, as planned, LHA rates had been uprated by CPI inflation. This is because the CPI forecast in September was zero (0.01 per cent) and therefore LHA rates would not increase in 2016/17 but would remain at the 2015/16 levels.

    The amounts of TAF which will be available each year from 2017/18 and the plans to distribute it will be announced in due course.

  • Charlotte Leslie – 2015 Parliamentary Question to the Department of Health

    Charlotte Leslie – 2015 Parliamentary Question to the Department of Health

    The below Parliamentary question was asked by Charlotte Leslie on 2015-12-08.

    To ask the Secretary of State for Health, what meetings he has had with homecare providers to discuss how to improve recruitment and retention rates in the care sector.

    Alistair Burt

    I have responsibility for adult social care. I regularly meet with homecare providers to discuss a range of topics including improving recruitment and retention rates in the care sector.

  • Bill Esterson – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Bill Esterson – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Bill Esterson on 2016-01-12.

    To ask the Secretary of State for Business, Innovation and Skills, how many (a) private sector companies, (b) public sector bodies went beyond the maximum 60-day period to repay debt covered by the Late Payment Directive in the last 12 months.

    Anna Soubry

    The Department does not hold the information required. However, BACS data shows that small and medium businesses are owed a total of £26.8 billion, and the average small business is waiting for £31,900 in overdue payments.[1]

    The Government recognises that late payment remains an important issue for small businesses in the UK and is taking significant steps to assist small businesses to recover late payment debts. This is part of a package of measures to tackle late payment. We have also legislated for new transparency measures in the public and private sectors.

    The Small Business Enterprise and Employment Act 2015 legislated for new reporting requirement on the UK’s largest companies and Regulations will be introduced this year which will compel larger companies to report on payment practices and performance. This information will be published on a six-monthly basis and will be made publicly available.

    The Public Contracts Regulations 2015 introduced a requirement for all public-sector buyers to publish annually, from 2017, their liability to debt interest payments. In central government we have gone further and faster. We will be publishing against these requirements quarterly from April this year. This will allow full public scrutiny of payment performance.

    Through the Enterprise Bill, currently before Parliament, we will legislate to establish a Small Business Commissioner to give general advice and to help small businesses resolve disputes relating to payment matters with larger businesses.

    Tackling late payment is about creating a responsible payment culture where larger companies recognise the benefit of having a sustainable and robust supply chain, and smaller businesses feel able to challenge poor behaviour. Once implemented, the Government is confident that these measures will lead to significant changes in the UK’s payment culture.

    [1] BACS Data June 2015.

  • Lord Watson of Invergowrie – 2016 Parliamentary Question to the Department for Education

    Lord Watson of Invergowrie – 2016 Parliamentary Question to the Department for Education

    The below Parliamentary question was asked by Lord Watson of Invergowrie on 2016-02-04.

    To ask Her Majesty’s Government how many academies and free schools have a clause in their funding agreement requiring the teaching of sex and relationship education.

    Lord Nash

    All academies and free schools are required through their funding agreement to teach a broad and balanced curriculum and to have regard to the statutory guidance issued under the Education Act 1996, as if the academy were a maintained school. The Secretary of State’s statutory guidance (2000) makes clear that sex and relationship education is essential for children’s development and preparation for responsible adult life – and that it should be taught appropriately to children’s age and maturity.

  • Diane Abbott – 2016 Parliamentary Question to the Department for International Development

    Diane Abbott – 2016 Parliamentary Question to the Department for International Development

    The below Parliamentary question was asked by Diane Abbott on 2016-03-02.

    To ask the Secretary of State for International Development, what assessment she has made of the potential effect on the stability of developing countries of the change in the OECD’s Official Development Assistance definition.

    Justine Greening

    The changes agreed to the ODA system at the High Level Meeting uphold the primary purpose of ODA whilst improving the tools available to donors to address violence and promote stability in developing countries. The UK agrees with the OECD that these changes are essential in supporting delivery of Global Goal 16 on inclusive and peaceful societies.

  • Andrew Gwynne – 2016 Parliamentary Question to the Department of Health

    Andrew Gwynne – 2016 Parliamentary Question to the Department of Health

    The below Parliamentary question was asked by Andrew Gwynne on 2016-03-23.

    To ask the Secretary of State for Health, pursuant to the Answer of 27 January 2016 to Question 23756, what proportion of the cost of backlog maintenance for each level of assessed risk in each NHS organisation relates to (a) MRI machines (b) CT Scanners (c) PET-CT scanners (d) Linear accelerators and (e) Robotic surgery systems.

    George Freeman

    Information on the age of MRI machines, CT scanners, PET-CT scanners, linear accelerators and robotic surgery systems and the proportion of the cost of backlog maintenance that relates to these are not held centrally.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-05-03.

    To ask the Secretary of State for Business, Innovation and Skills, what discussions he has had with the Cabinet Office on the liability of charities and voluntary organisations to pay the apprenticeship levy.

    Nick Boles

    We are working with the Cabinet Office and other government departments on helping employers in different sectors prepare for the apprenticeship levy. Only charities and voluntary organisations with a pay bill greater than £3million will pay the apprenticeship levy. These organisations and all other employers will be able to get back the funds they pay in levy if they take on apprentices. Apprenticeships can benefit all sectors, including charities, and we will work with these organisations to grow the number of apprenticeships they offer.

  • Richard Burgon – 2016 Parliamentary Question to the HM Treasury

    Richard Burgon – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Richard Burgon on 2016-06-15.

    To ask Mr Chancellor of the Exchequer, what assessment he has made of the risks to financial stability from the European Commission’s proposed regulatory framework for simple, transparent and standardised securitisation; and if he will make a statement.

    Harriett Baldwin

    The Government welcomed the development of international and EU standards to revitalise the regulatory framework for securitisation by encouraging the use of simpler and more transparent products. We agree with the Bank of England that a well-functioning and stable securitisation market will benefit financial stability and the wider economy. We support the Basel standards for securitisation, set with the intention of enhancing financial stability, which see features such as tranching and synthetic structures as being legitimate activity. We also support the need for all securitisations to adhere to appropriate rules on transparency and investor due diligence, and that they must be afforded sensibly calibrated capital requirements. Following the financial crisis it was Basel, working with the Financial Stability Board and the International Organization of Securities Commissions which, set the 5 percent risk retention standard.

    In the development and delivery of policy, Treasury Ministers and officials are in regular contact with relevant institutions, regulatory authorities, other governments, industry and other civil society groups including think tanks such as Finance Watch.

  • Natalie McGarry – 2016 Parliamentary Question to the HM Treasury

    Natalie McGarry – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Natalie McGarry on 2016-09-12.

    To ask Mr Chancellor of the Exchequer, which reports commissioned by his Department from external bodies between 1 January 2015 and 31 August 2016 have not yet been published; when each report was commissioned for research; what the nature of the research commissioned was; from which external body or individual person the research was commissioned; what the value was of each such piece of research commissioned; on what date each report was received by his Department; for what reasons the research has not yet been published; and when he plans to publish each report.

    Simon Kirby

    The Department does not hold this information centrally. The information requested can only be provided at a disproportionate cost.