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Written Question
NHS: Finance
Tuesday 16th January 2018

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

What discussions he has had with the Secretary of State for Health and Social Care on the effect of funding allocations on the quality of services provided by the NHS since 2010.

Answered by Elizabeth Truss

In 2017 we announced capital funding for a number of trusts, to help them to make local service improvements.

This included up to £80m for Greater Manchester – including funding to support the Pennine Acute Hospitals NHS Trust.

I am sure that the Hon. Member will join me in welcoming this investment.


Written Question
Funerals: Pre-payment
Thursday 14th September 2017

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the merits of introducing statutory regulation of pre-paid funeral plans.

Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs

The provision of a pre-paid funeral plan is defined as a regulated activity and falls within the Financial Conduct Authority’s regulatory remit unless specific exemption criteria are met. This arrangement and these exemption criteria are set out in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

HM Treasury sets the legislative framework for the regulation of financial services, including the provision of pre-paid funeral plans, and continues to keep such exemptions under review.


Written Question
Debts
Monday 10th July 2017

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the levels of household debt in the (a) Borough of Rochdale and (b) UK in the last 12 months.

Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs

The latest data shows median household financial debt in the North West is the second lowest of any English region.

In the UK as a whole, household debt-to-income has increased marginally from 141% 12 months ago to 145% in Q1 2017. This remains significantly below the pre-crisis peak of 160% in Q1 2008.

The independent Financial Policy Committee (FPC) was set up by the government to assess and mitigate financial stability risks, including from household debt. The FPC has taken action to ensure against a significant rise in highly indebted households.


Written Question
G20: Trade
Tuesday 28th March 2017

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what representations the Government made to other G20 members on including financing action on climate change in the G20 trade statement.

Answered by David Gauke

The UK remains committed to the Paris Agreement on climate change, as well as the goal to jointly mobilise, alongside other developed countries, USD100bn of climate finance a year by 2020 from a wide variety of sources. The G20 Finance Ministers communique is the result of negotiation between all G20 members and invited organisations, and this is one in a series of statements by G20 members. There will be further communiques issued this year including by G20 Leaders at the Summit on 8 July.


Written Question
Fiscal Policy: Females
Tuesday 29th November 2016

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that women are not disproportionately affected by the Government's fiscal policies.

Answered by Jane Ellison

The Government is helping more women than ever before to start businesses and get the support they need to work.

In the last parliament, 2.2 million women were taken out of income tax. This year’s increase in the personal allowance will lift over 680,000 further people out of income tax by 2017/18, of whom over 60% will be women.

Around two thirds of those who will benefit from the National Living Wage are estimated to be women.

The planned doubling of the free childcare entitlement for working families with three- and four-year-olds is worth up to £5,000 per child per year.

It is also equally important for the future finances of both women and men that the Government remains committed to tackling the deficit and strengthening the economy.


Written Question
Bradford and Bingley
Monday 21st March 2016

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if his Department will investigate the collapse of Bradford and Bingley plc in 2008.

Answered by Harriett Baldwin

The Government has no plans to conduct an investigation into the collapse of Bradford and Bingley plc in 2008.

The National Audit Office concluded in its report of 4 December 2009 that the public support provided to UK by the Treasury was justified, given the scale of both the economic and social costs if one or more major banks had collapsed. In providing that support, moreover, the Treasury met two of the government’s principal objectives: protecting depositors’ money in banks and maintaining the stability of the financial system.


Written Question
Bradford and Bingley
Thursday 10th March 2016

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the financial loss to investors as a consequence of the collapse of the former Bradford and Bingley Building Society/Bank in 2008.

Answered by Harriett Baldwin

In 2009 Peter Clokey of PricewaterhouseCoopers LLP was appointed as an independent valuer to consider whether shareholders and holders of rights associated with dated subordinated notes were entitled to compensation after the collapse of Bradford & Bingley. On 5 July 2010 he published his report setting out his determination that no compensation is due to former shareholders and bondholders. The case was referred to the Upper Tribunal who upheld the decision in 2012 and concluded that the valuer carried out his valuation function wholly in accordance with the Compensation Scheme.


Written Question
Bradford and Bingley
Thursday 10th March 2016

Asked by: Liz McInnes (Labour - Heywood and Middleton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the financial loss to shareholders as a consequence of the collapse of the former Bradford and Bingley Building Society/Bank in 2008.

Answered by Harriett Baldwin

In 2009 Peter Clokey of PricewaterhouseCoopers LLP was appointed as an independent valuer to consider whether shareholders and holders of rights associated with dated subordinated notes were entitled to compensation after the collapse of Bradford & Bingley. On 5 July 2010 he published his report setting out his determination that no compensation is due to former shareholders and bondholders. The case was referred to the Upper Tribunal who upheld the decision in 2012 and concluded that the valuer carried out his valuation function wholly in accordance with the Compensation Scheme.