Asked by: Kenny MacAskill (Alba Party - East Lothian)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 15 April 2024 to Question 20431, whether HMRC has taken enforcement action on oil originating in Russia and imported from a refinery in India since 21 July 2022.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HM Revenue and Customs does not comment on operational enforcement matters pertaining to specific import or export scenarios.Asked by: Chris Law (Scottish National Party - Dundee West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether Fairer Finance and Dignity raised issues regarding Safe Hands Funeral Plans in meetings with his Department in (a) 2017 and (b) 2018.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
During a wide-ranging meeting with industry in July 2017 to discuss pre-paid funeral plans, some concerns about Safe Hands funeral plans were raised with HM Treasury.
In response, officials advised that such concerns should be reported to the FCA, reflecting the fact that HM Treasury has no investigatory or enforcement powers of its own.
Asked by: Matt Hancock (Independent - West Suffolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many Financial Conduct Authority employees were seconded to the Digital Regulation Cooperation Forum in the 2022-2023 financial year.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
These are matters for the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR), which are operationally independent from Government. The FCA and the PSR will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Matt Hancock (Independent - West Suffolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much funding the Financial Conduct Authority provided to the Digital Regulation Cooperation Forum in the 2022-23 financial year.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
These are matters for the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR), which are operationally independent from Government. The FCA and the PSR will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Matt Hancock (Independent - West Suffolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the pay ranges at each grade are for Payment Systems Regulator staff based (a) in and (b) outside London.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
These are matters for the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR), which are operationally independent from Government. The FCA and the PSR will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Matt Hancock (Independent - West Suffolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the pay ranges at each grade are for Financial Conduct Authority staff based (a) in and (b) outside London.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
These are matters for the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR), which are operationally independent from Government. The FCA and the PSR will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Chris Law (Scottish National Party - Dundee West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many times a breach of the Regulated Activities Order by a funeral plan company was reported to the Financial Conduct Authority in the last three years.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
This is a matter for the Financial Conduct Authority (FCA), which is independent from Government.
The FCA will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Emily Thornberry (Labour - Islington South and Finsbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to his Department's contingent liability approval framework guidance, updated on 20 April 2023, how many applications for contingent liability approval his Department has (a) received and (b) approved have fallen in the average cost per crystallisation category of (i) less than £10 million, (ii) £10 million to £50 million, (iii) £50 million to £100 million, (iv) £100 million to £500 million, (v) £500 million to £1 billion and (vi) more than £1 billion in each financial year from (a) 2017-18 to (B) 2023-24 to date.
Answered by Laura Trott - Chief Secretary to the Treasury
The contingent liability approval framework sets out government’s policy framework for new contingent liabilities and a delegation approach.
The government is committed to transparency on its contingent liability portfolio. For that reason, at the 2023 Autumn Statement UKGI published a comprehensive assessment of government exposure to contingent liabilities, the “Annual Report on the UK Government’s Contingent Liabilities, November 2023”.
Government also reports individual liabilities to parliament, as set out in Managing Public Money.
Asked by: Emily Thornberry (Labour - Islington South and Finsbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to his Department's contingent liability approval framework guidance, updated on 20 April 2023, how many applications for contingent liability approval his Department has (a) received and (b) approved have fallen in the reasonable worst case exposure category of (i) less than £10 million, (ii) £10 million to £50 million, (iii) £50 million to £100 million, (iv) £100 million to £500 million, (v) £500 million to £1 billion and (vi) more than £1 billion in each financial year from (A) 2017-18 to (B) 2023-24 to date.
Answered by Laura Trott - Chief Secretary to the Treasury
The contingent liability approval framework sets out government’s policy framework for new contingent liabilities and a delegation approach.
The government is committed to transparency on its contingent liability portfolio. For that reason, at the 2023 Autumn Statement UKGI published a comprehensive assessment of government exposure to contingent liabilities, the “Annual Report on the UK Government’s Contingent Liabilities, November 2023”.
Government also reports individual liabilities to parliament, as set out in Managing Public Money.
Asked by: Emily Thornberry (Labour - Islington South and Finsbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to his Department's contingent liability approval framework guidance, updated on 20 April 2023, what the total lifetime expected net cost was of all the applications for contingent liability approved by his Department in each financial year from (a) 2017-18 to (b) 2023-24 to date.
Answered by Laura Trott - Chief Secretary to the Treasury
The contingent liability approval framework sets out government’s policy framework for new contingent liabilities and a delegation approach.
The government is committed to transparency on its contingent liability portfolio. For that reason, at the 2023 Autumn Statement UKGI published a comprehensive assessment of government exposure to contingent liabilities, the “Annual Report on the UK Government’s Contingent Liabilities, November 2023”.
Government also reports individual liabilities to parliament, as set out in Managing Public Money.