Asked by: David Mowat (Conservative - Warrington South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has for the future of the Money Advice Service.
Answered by Andrea Leadsom
The government has commissioned an independent review of the Money Advice Service, led by Christine Farnish, which will report to me by the end of the year.
MAS has an important responsibility to increase financial knowledge and capability in the UK. The review will consider how effectively and efficiently MAS is meeting the consumer need for education and advice; and make recommendations on any changes to MAS's approach that would better enable it to meet this need.
Asked by: David Mowat (Conservative - Warrington South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to reform the Business Premises Renovation Allowance following HM Revenue and Customs' recent consultation.
Answered by David Gauke
The Government has introduced legislation in Finance Bill 2014 to clarify the scope of Business Premises Renovation Allowance. The aim is to address exploitation of the allowance, whilst preserving it as an investment incentive and ensuring continued value for money for tax payers.