Asked by: Peter Aldous (Conservative - Waveney)
Question to the Home Office:
To ask the Secretary of State for the Home Department, what estimate he has made of the number of authorised push payment scam cases that have originated online in the last five years.
Answered by Tom Tugendhat - Minister of State (Home Office) (Security)
UK Finance analysis of nearly seven thousand authorised push payment (APP) scam cases shows that 70 per cent of scams originated on an online platform - highlighting the internet's significant role in enabling fraud. This includes data from UK Finance members only, for the whole of the UK. More details on this can be found here: https://www.ukfinance.org.uk/press/press-releases/over-two-thirds-of-all-app-scams-start-online-new-uk-finance-analysis
To protect victims against APP scams, ten of the UK’s largest banks are currently signed up to the voluntary Contingent Reimbursement Model (CRM) Code. In 2022, £248m of losses to APP scams were reimbursed to victims under the commitments of this code.
Recognising that more needed to be done to protect people from this devastating crime, through the Financial Services and Markets Act 2023, the government legislated to require the Payment Systems Regulator (PSR) to introduce mandatory reimbursement for APP scams within the Faster Payment System, where 98% of APP fraud takes place. This will come into force in October 2024.
The retail banking sector’s primary fraud concern was the rise of Authorised Push Payment (APP) fraud (where someone is tricked into sending money to a criminal). The sector therefore committed to the following key deliverables in the charter:
o Better utilise technology to share data to detect potential frauds.
o Capture and analyse data reported to them from victims of APP fraud.
o Provide customers with greater control over account features
The Online Safety Act (OSA) will mean that companies are held to account by an independent regulator if they fail to remove illegal content on their platforms.
Alongside the OSA, the Government has created the Online Fraud Charter: a voluntary agreement bringing together the largest companies in the tech sector, who have committed to a series of actions aimed at reducing fraud on their platforms and services. The Charter was signed on 30th November and will deliver a much quicker and more targeted response than regulation.
The OSA is an ambitious and forward-looking piece of legislation that will tackle online harms including fraud and fraudulent advertising.
Asked by: Stephen Doughty (Labour (Co-op) - Cardiff South and Penarth)
Question to the Foreign, Commonwealth & Development Office:
To ask the Minister of State, Foreign, Commonwealth and Development Office, what assessment he has made of the involvement of UK-based (a) insurers, (b) insurance markets and (c) shipping companies in the provision of services for the (i) export of goods to and (ii) import of goods from Russia.
Answered by Anne-Marie Trevelyan - Minister of State (Foreign, Commonwealth and Development Office)
The UK has introduced a comprehensive set of import and export restrictions on Russia. This has led to a 94 per cent fall in Russian imports into the UK and a 74 per cent fall in UK exports to Russia. Over £20 billion of UK-Russia bilateral trade (from 2021 figures) is now under full or partial sanction.
As well as banning the import and export of goods and technology, UK nationals and companies are prohibited from providing ancillary services which enable their trade, including financial services and funds which includes insurance, brokering and technical assistance.
The UK, alongside the G7 and Australia, has also banned the import of Russian oil and oil products. This substantially reduces the size of the global market for Russian oil and oil product exports.
Importantly, we have also created the Oil Price Cap which operates globally by prohibiting UK and G7+ firms from providing services such as shipping, insurance, and finance to facilitate the maritime transport of Russian oil and oil products to third countries, unless the oil was purchased from Russia at or below the cap. By limiting the price of Russian oil and oil products exported to third countries rather than restricting maritime services altogether, we restrict the revenues flowing to the Russian state and undermine Putin's ability to fund his illegal war in Ukraine, while still enabling oil to flow in a tight market and ensuring that third countries can continue to secure affordable oil.
Asked by: Lord Roberts of Llandudno (Liberal Democrat - Life peer)
Question to the Foreign, Commonwealth & Development Office:
To ask His Majesty's Government what plans they have to assist with rebuilding destroyed or damaged areas in Ukraine when the conflict there ends; and what assistance the UK will provide in training citizens in that country to enable them to lead in all work of reconstruction.
Answered by Lord Ahmad of Wimbledon - Minister of State (Foreign, Commonwealth and Development Office)
The UK is committed to helping Ukraine recover from Russia's illegal invasion. The UK and Ukraine co-hosted the Ukraine Recovery Conference in London in June 2023, raising over $60 billion towards Ukraine's recovery and reconstruction. We are helping to build Ukraine's capacity to deliver recovery and reconstruction projects at an unprecedented scale. The UK's Infrastructure Projects Authority is providing strategic advice to State Agency for Restoration. We are also working to mobilise private sector investment for reconstruction through initiatives on reforms and good governance, financial markets and insurance, business expertise, infrastructure and energy.
Asked by: Baroness Hayman (Crossbench - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government, following the publication of the Financial Markets and Law Committee paper on Pension fund trustees and fiduciary duties on 6 February, when they propose to hold the roundtables with stakeholders promised in the 2023 Green Finance Strategy.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government welcomes the work of the Financial Markets Law Committee’s working group. Working with the Pensions Regulator, we will look closely at what insights we can draw from their report as we gather further evidence on how trustees are considering ESG factors in their approach to investment in the interests of their members.
This report is a useful resource for trustees, but we are keen to hear views from across the pension sector and wider stakeholders as to what further clarification, or guidance, if any, is needed. We plan to do this starting with a series of roundtable events this spring.
Asked by: Baroness Hayman (Crossbench - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government what plans they have to discuss with the Pensions Regulator how to incorporate into regulator guidance the conclusions of the Financial Markets and Law Committee’s paper, Pension fund trustees and fiduciary duties, published on 6 February.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government welcomes the work of the Financial Markets Law Committee’s working group. Working with the Pensions Regulator, we will look closely at what insights we can draw from their report as we gather further evidence on how trustees are considering ESG factors in their approach to investment in the interests of their members.
This report is a useful resource for trustees, but we are keen to hear views from across the pension sector and wider stakeholders as to what further clarification, or guidance, if any, is needed. We plan to do this starting with a series of roundtable events this spring.
Asked by: Lord Laming (Crossbench - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what action they are taking in response to the final report of the Competition and Markets Authority's children’s social care market study published on 10 March 2022, particularly with regard to the finding on excessive charging by private providers of residential care homes for children in public care.
Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)
The number of looked-after children in the care of their local authority has increased by 2% to 83,840 at 31 March 2023 from 82,080 last year. The number of children in children’s homes has increased by 16% since 2019.
The department knows that the care system does not currently work for every child and that there are not enough of the right homes in the right places for children in care, resulting in some children living far from where they call home. Moving a child away is not a decision to be taken lightly and there are legislative safeguards around this. Directors of Children’s Services are required to sign off each decision and Ofsted can challenge where they believe poor decisions are being made. This is to encourage local authorities to place children locally wherever possible.
As the Competition and Markets Authority found in their 2022 market study, the largest private providers are making materially higher profits and charging materially higher prices than would be expected if the market was functioning effectively. The department recognises these issues, particularly around large providers with complex ownership structures, and agrees that sometimes placement costs can be too high.
In February 2023, the department published ‘Stable Homes, Built on Love’, which sets out a broad, system-wide transformation. This can be accessed attached. As part of this strategy, the department is:
Finally, the department is supporting kinship families through the first ever national kinship care strategy, which is backed by the following funding: £20 million in 2024/25; over £36 million in a fostering recruitment and retention programme this Spending Review; and £160 million over the next three years to deliver the department’s adoption strategy, entitled ‘Achieving excellence everywhere’.
Asked by: Lord Laming (Crossbench - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what action they are taking to achieve a better distribution of residential care homes for children so that they are not placed great distances from their families, friends and school.
Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)
The number of looked-after children in the care of their local authority has increased by 2% to 83,840 at 31 March 2023 from 82,080 last year. The number of children in children’s homes has increased by 16% since 2019.
The department knows that the care system does not currently work for every child and that there are not enough of the right homes in the right places for children in care, resulting in some children living far from where they call home. Moving a child away is not a decision to be taken lightly and there are legislative safeguards around this. Directors of Children’s Services are required to sign off each decision and Ofsted can challenge where they believe poor decisions are being made. This is to encourage local authorities to place children locally wherever possible.
As the Competition and Markets Authority found in their 2022 market study, the largest private providers are making materially higher profits and charging materially higher prices than would be expected if the market was functioning effectively. The department recognises these issues, particularly around large providers with complex ownership structures, and agrees that sometimes placement costs can be too high.
In February 2023, the department published ‘Stable Homes, Built on Love’, which sets out a broad, system-wide transformation. This can be accessed attached. As part of this strategy, the department is:
Finally, the department is supporting kinship families through the first ever national kinship care strategy, which is backed by the following funding: £20 million in 2024/25; over £36 million in a fostering recruitment and retention programme this Spending Review; and £160 million over the next three years to deliver the department’s adoption strategy, entitled ‘Achieving excellence everywhere’.
Asked by: Lord Stunell (Liberal Democrat - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what progress they have made on the delivery of the banking hubs and delivery hubs recommended by Link for locations which have been identified as lacking in services, such as Marple in Greater Manchester; and what steps are they planning to ensure that delivery is accelerated.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
Banking Hubs are a voluntary industry initiative, which enable customers of participating banks to access cash and banking services in shared facilities. To date, LINK has recommended over 100 Banking Hubs across the UK. Over 30 Banking Hubs have opened, with a further 70 expected to open by the end of the year. LINK has also recommended cash deposit services in another 90 communities, including Marple in Greater Manchester. While industry is responsible for delivering these services, the government is closely monitoring the rollout and hopes to see facilities open as soon as possible.
Separately, the government has legislated to protect access to cash specifically. The Financial Services and Markets Act 2023 provides the Financial Conduct Authority (FCA) with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities. Following the conclusion of its consultation on 8 February, the FCA expects to finalise its rules in Q3 2024.
Asked by: Lord Laming (Crossbench - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what steps they are taking to ensure that young children in public care are not placed in unregistered accommodation.
Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)
The number of looked-after children in the care of their local authority has increased by 2% to 83,840 at 31 March 2023 from 82,080 last year. The number of children in children’s homes has increased by 16% since 2019.
The department knows that the care system does not currently work for every child and that there are not enough of the right homes in the right places for children in care, resulting in some children living far from where they call home. Moving a child away is not a decision to be taken lightly and there are legislative safeguards around this. Directors of Children’s Services are required to sign off each decision and Ofsted can challenge where they believe poor decisions are being made. This is to encourage local authorities to place children locally wherever possible.
As the Competition and Markets Authority found in their 2022 market study, the largest private providers are making materially higher profits and charging materially higher prices than would be expected if the market was functioning effectively. The department recognises these issues, particularly around large providers with complex ownership structures, and agrees that sometimes placement costs can be too high.
In February 2023, the department published ‘Stable Homes, Built on Love’, which sets out a broad, system-wide transformation. This can be accessed attached. As part of this strategy, the department is:
Finally, the department is supporting kinship families through the first ever national kinship care strategy, which is backed by the following funding: £20 million in 2024/25; over £36 million in a fostering recruitment and retention programme this Spending Review; and £160 million over the next three years to deliver the department’s adoption strategy, entitled ‘Achieving excellence everywhere’.
Asked by: Lord Laming (Crossbench - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what action they are taking to tackle the increase of children being taken into public care.
Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)
The number of looked-after children in the care of their local authority has increased by 2% to 83,840 at 31 March 2023 from 82,080 last year. The number of children in children’s homes has increased by 16% since 2019.
The department knows that the care system does not currently work for every child and that there are not enough of the right homes in the right places for children in care, resulting in some children living far from where they call home. Moving a child away is not a decision to be taken lightly and there are legislative safeguards around this. Directors of Children’s Services are required to sign off each decision and Ofsted can challenge where they believe poor decisions are being made. This is to encourage local authorities to place children locally wherever possible.
As the Competition and Markets Authority found in their 2022 market study, the largest private providers are making materially higher profits and charging materially higher prices than would be expected if the market was functioning effectively. The department recognises these issues, particularly around large providers with complex ownership structures, and agrees that sometimes placement costs can be too high.
In February 2023, the department published ‘Stable Homes, Built on Love’, which sets out a broad, system-wide transformation. This can be accessed attached. As part of this strategy, the department is:
Finally, the department is supporting kinship families through the first ever national kinship care strategy, which is backed by the following funding: £20 million in 2024/25; over £36 million in a fostering recruitment and retention programme this Spending Review; and £160 million over the next three years to deliver the department’s adoption strategy, entitled ‘Achieving excellence everywhere’.