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  • Steve McCabe – 2016 Parliamentary Question to the Department for Communities and Local Government

    Steve McCabe – 2016 Parliamentary Question to the Department for Communities and Local Government

    The below Parliamentary question was asked by Steve McCabe on 2016-03-23.

    To ask the Secretary of State for Communities and Local Government, pursuant to the Answer of 9 March 2016 to Question 29831, on how many occasions his Department has provided advice and support upon request from local authorities who wish to undertake post-implementation value for money assessments.

    Mr Marcus Jones

    None. However, carrying out post-implementation reviews is an established practice of good policy making for both local and central government.

  • Steve Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

    Steve Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

    The below Parliamentary question was asked by Steve Reed on 2016-03-23.

    To ask the Secretary of State for Communities and Local Government, if he will publish the methodology used by his Department to calculate the distribution of the Transitional Grant announced in the local government finance settlement 2016-17.

    Mr Marcus Jones

    The Secretary of State has published an explanatory note setting out the method of calculation of the Transition Grant. It is available to view at:

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/510870/Explanatory_note_on_the_allocation_of_the_Transition_Grant.pdf

  • Steve Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

    Steve Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

    The below Parliamentary question was asked by Steve Reed on 2016-03-23.

    To ask the Secretary of State for Communities and Local Government, with reference to the local government finance settlement 2016-17, whether he consulted the Office for Budget Responsibility on the distribution of the transitional grant.

    Mr Marcus Jones

    The Office for Budget Responsibility is concerned with national economic forecasting, while the Transition Grant is a subnational distribution. It was therefore not necessary nor would it have been standard practice to consult the OBR on this issue.

  • 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 2016-03-23.

    To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 29 February 2016 to Question 27454, on banks, what the (a) date of, (b) details of who attended and (c) organisations represented were at each meeting.

    Harriett Baldwin

    Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:

    https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

  • Derek Twigg – 2016 Parliamentary Question to the Department for Transport

    Derek Twigg – 2016 Parliamentary Question to the Department for Transport

    The below Parliamentary question was asked by Derek Twigg on 2016-03-23.

    To ask the Secretary of State for Transport, with reference to his visit to the Mersey Gateway on 23 April 2015, what progress has been made on ensuring support will be provided to small businesses in Runcorn and Widnes when that bridge opens in 2017 related to the cost of tolls crossing the Mersey Gateway.

    Mr Robert Goodwill

    Residents of Halton will already be able to use the bridges for free following previous Government decisions to fund an extension to the original, limited, resident’s discount scheme proposed by Halton Borough Council. Heavy goods vehicles and coaches will pay the same wherever they are geographically based which will ensure a level playing field for businesses across the North West.

  • 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 2016-03-23.

    To ask Mr Chancellor of the Exchequer, what criteria he plans to use to ensure sales of Government shares in Royal Bank of Scotland maximise value for the public purse.

    Harriett Baldwin

    The first sale of Government shares in RBS was conducted in August 2015 and raised £2.1 billion for the taxpayer. This was an important first step in returning the bank to private ownership, which is the right thing to do for the taxpayer and for British businesses: it will promote financial stability, lead to a more competitive banking sector, and support the interests of the wider economy.

    The government will conduct further sales of RBS shares subject to market conditions, and in doing so will maximise value for the taxpayer. The returns on the government’s interventions in RBS will be determined by the success of the whole of the selling programme, rather than the terms achieved on the first few disposals.

  • 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 2016-03-23.

    To ask Mr Chancellor of the Exchequer, if he will make it his policy to establish a minimum price below which Government shares in Royal Bank of Scotland will not be sold.

    Harriett Baldwin

    The first sale of Government shares in RBS was conducted in August 2015 and raised £2.1 billion for the taxpayer. This was an important first step in returning the bank to private ownership, which is the right thing to do for the taxpayer and for British businesses: it will promote financial stability, lead to a more competitive banking sector, and support the interests of the wider economy.

    The government will conduct further sales of RBS shares subject to market conditions, and in doing so will maximise value for the taxpayer. The returns on the government’s interventions in RBS will be determined by the success of the whole of the selling programme, rather than the terms achieved on the first few disposals.

  • 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 2016-03-23.

    To ask Mr Chancellor of the Exchequer, what advice he has received from (a) the Governor of the Bank of England and (b) Rothschilds Bank on the proposed sale of Government shares in Royal Bank of Scotland since August 2015; and if he will place a copy of such advice in the Library.

    Harriett Baldwin

    HM Government reached an agreement with RBS and the European Commission on 9 April 2014 to amend the terms of the Dividend Access Share (DAS). The full terms of this agreement can be found on the European Commission’s website:

    http://europa.eu

    The first sale of Royal Bank of Scotland (RBS) shares was conducted in August 2015. The advice which the Chancellor received from a) the Governor of the Bank of England; b) N.M. Rothschild; c) HM Treasury; and d) UK Financial Investments (UKFI) is available on the Government’s website:

    www.gov.uk.

    The government has not undertaken any sale of RBS shares since August 2015.

    “

  • 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 2016-03-23.

    To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the initial disposal of Government shares in Royal Bank of Scotland in August 2015 on (a) the share price and (b) the proposed future sale of shares.

    Harriett Baldwin

    The first sale of Government shares in RBS was conducted in August 2015 and raised £2.1 billion for the taxpayer. This was an important first step in returning the bank to private ownership, which is the right thing to do for the taxpayer and for British businesses: it will promote financial stability, lead to a more competitive banking sector, and support the interests of the wider economy.

    The government will conduct further sales of RBS shares subject to market conditions, and in doing so will maximise value for the taxpayer. The returns on the government’s interventions in RBS will be determined by the success of the whole of the selling programme, rather than the terms achieved on the first few disposals.

  • Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Seema Malhotra on 2016-03-23.

    To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.228 of Budget 2016, when he expects the new money guidance body to be established.

    Harriett Baldwin

    At Budget 2016, the government published its response to the Public Financial Guidance Review and launched a consultation seeking views on the government’s plans to restructure the statutory financial guidance providers – the Money Advice Service, The Pensions Advisory Service and Pension Wise. This paper, which closes on 8 June 2016, sets out a new delivery model for public financial guidance and seeks views on how, within this model, the proposed services could best be offered. The new delivery model is designed to better complement the financial guidance provided by the third sector and the industry and provide more targeted support for consumers.

    The government will consider the responses to this consultation over the summer, and in parallel, work closely with the affected organisations to finalise the delivery structure. A detailed timetable will be set out with the final response, which will be published in the autumn. The government has been clear that the three affected organisations will continue to provide guidance to consumers until at least 2018.