Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what information his Department holds on whether any benefits payments the Government has made in the last 12 months into a UK bank account have then been transferred into a Russian bank account.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
HMRC does not have jurisdiction over any onwards transfer of a benefit payment made to a UK bank account into a Russian bank account.
HMRC does not hold information on whether any benefits payments the Government has made in the last 12 months into a UK bank account have then been transferred into a Russian bank account.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of (a) a VAT exemption for materials purchased for mandatory fire safety repairs for residential buildings and (b) making VAT recoverable on materials purchased in the last three years for mandatory fire safety repairs; and if he will make a statement.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
The supply of fire safety equipment under qualifying circumstances is already eligible for VAT relief when provided alongside the construction and renovation of residential or charitable buildings. The cost of replacing cladding can also be zero rated if it is tied to the initial construction of the building and the cladding is shown to be defective.There are no plans to extend the reliefs already available, however, the Government keeps all taxes under constant review.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to require Liverpool Victoria (LV) to disclose whether the outgoing Board members of LV, including Chairman Alan Cook, will receive a departure payment or any other payment on departure from the Board of LV; and if he will make a statement.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.
Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.
In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will instruct the Financial Conduct Authority to require Liverpool Victoria to disclose what remuneration Seamus Creedon will be paid as Chairman of Liverpool Victoria; if he will make a statement.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.
Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.
In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many meetings the Financial Conduct Authority has held with (a) the Board of Liverpool Victoria (LV), (b) members of LV and (c) Royal London since the collapse of LV’s demutualisation/Bain sale plans on 10 December 2021; and if he will make a statement.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.
Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.
In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to instruct Liverpool Victoria to publish the amount spent on costs relating to its (a) proposed demutualisation and sale to Bain Capital and (b) talks with Royal London including (i) legal costs, (ii) public relations costs and (c) all other payments to external advisers for work on those deals; and if he will make a statement.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.
Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.
In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to advise Liverpool Victoria not to use any non-disclosure agreements during negotiations with Royal London; and if he will make a statement.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.
Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.
In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.