Asked by: John Glen (Conservative - Salisbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reviewing the ban on retail derivatives for crypto.
Answered by Tulip Siddiq - Economic Secretary (HM Treasury)
Whether to allow the sale of cryptoasset derivatives to retail consumers is a matter for the independent Financial Conduct Authority (FCA). The FCA has stated that it considers these products to be ill-suited for retail consumers because they cannot be reliably valued and therefore risk posing harm.
The Government has confirmed its intention to proceed with creating a financial services regulatory regime for cryptoassets. Once in place, this regime will help ensure appropriate protections for customers wishing to invest in cryptoassets, and associated products.
Asked by: John Glen (Conservative - Salisbury)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, What guidance his Department issues on ministerial (a) authorisation and (b) approval of a decision to appoint a civil servant under one of the Recruitment Principles exceptions.
Answered by Georgia Gould - Parliamentary Secretary (Cabinet Office)
Ministerial approval is not required to appoint a civil servant using an exception to the Recruitment Principles.
Asked by: John Glen (Conservative - Salisbury)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, with reference to the three entries totalling £189,870 for Fujitsu Services Ltd under the GPG - Interoperability One Data Programme, in his Department's transparency data entitled Cabinet Office: spend data over £25,000 - July 2024, published on 29 August 2024, what other suppliers were considered for those software services.
Answered by Georgia Gould - Parliamentary Secretary (Cabinet Office)
In January 2024, Fujitsu said it would withdraw from bidding for contracts with new Government customers until the Post Office Horizon inquiry concludes – it would only bid for work with existing Government customers where it already has a contract with them, or where there is an agreed need for Fujitsu’s skills and capabilities. Fujitsu's bid approach is detailed in this letter, deposited in Parliament.
The spend published on 29 August 2024 relates to work done on an existing contract awarded to Fujitsu in March 2023 under the previous administration.
In selecting the supplier in March 2023, the Tech Services 3 framework was employed. This was chosen as other frameworks did not have the quantity of suppliers needed to attract adequately competitive bids or would lead to direct awards. 125 companies were invited to bid, of which 3 did, including Fujitsu. Following an evaluation, which assessed technical ability to meet the requirements, how well they understood these by developing a proof of concept, social value and costs, Fujitsu were successful.
Asked by: John Glen (Conservative - Salisbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what type of regression model is used in the Automated Valuation Model of the Valuation Office Agency.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Automated Valuation Model uses multiple regression with an advanced spatial modelling technique called Gaussian Markov Random Fields to better reflect the impact of location.
Asked by: John Glen (Conservative - Salisbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the revenue generated by proposed changes to the non-domiciled tax regime in the next five financial years.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The further reforms to the non-domiciled tax regime announced at Autumn Budget are estimated to raise £12.7bn over the next five financial years.
We published costings for these further reforms on 30th October.
Page 32 of the Autumn Budget Policy Costings Publication
Asked by: John Glen (Conservative - Salisbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 14 October 2024, to Question 8196 on Business Rates and Council Tax: Valuation, whether the Automated Valuation Model for Wales is adaptable to be used in England.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Automated Valuation Model for Wales approach may be adaptable for use in other locations. However, as with Wales, this would require further investigation and significant preparatory work.
Asked by: John Glen (Conservative - Salisbury)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, pursuant to the answer of 17 September 2024 to Question 4655 on Public Sector: Directors, which Non-Executive Board Members have left which Departments since 4 July 2024.
Answered by Georgia Gould - Parliamentary Secretary (Cabinet Office)
The list of Non-Executive Board Members who have left government departments since 4 July 2024 was provided in my previous answer of 13th November, PQ 9162.
Asked by: John Glen (Conservative - Salisbury)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, pursuant to the Answers of 27 September 2024 to Questions 4998 and 4988 on Prime Minister: Communication, on which page of the Cabinet Office annual report and accounts 2022-23 is the information on (a) spending and (b) staff working on digital communications in Downing Street listed.
Answered by Georgia Gould - Parliamentary Secretary (Cabinet Office)
Information about overall departmental resourcing is set out in relevant annual reports (or published elsewhere in the relevant document). Annual reports do not include a breakdown by individual teams. This remains unchanged in size since the election.
Asked by: John Glen (Conservative - Salisbury)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what guidance his Department issues on the conduct of meetings between Ministers and business representatives where such business representatives have paid money to the governing party to facilitate the meeting.
Answered by Georgia Gould - Parliamentary Secretary (Cabinet Office)
There is longstanding guidance on meetings between ministers and external organisations which is set out in the Ministerial Code.
Asked by: John Glen (Conservative - Salisbury)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she attends meetings of the Mission Boards.
Answered by Darren Jones - Chief Secretary to the Treasury
The Chancellor of the Exchequer is the Chair of the Growth Mission Board and attends other mission boards as and when appropriate. Beyond this, it is a long-established precedent that information about the discussions that have taken place in Cabinet and its committees - including mission boards - including their attendance, and how often they have met, is not normally shared publicly.