Mark Garnier MP: written questions
112 published records · newest first.
Written questions
Individual Savings AccountsTreasuryTabled 6 May 2025AnsweredUIN 50100More
Question: To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of updating guidance on the lifetime ISA scheme to clarify the cost of early withdrawal penalties.
Answer: The Lifetime ISA supports younger people saving for their first home or later life by offering a generous government bonus on up to £4,000 of savings each year. These funds, including the government bonus, can be used to purchase a first home up to the va...
Answered 13 May 2025
Original Parliament recordFinancial Services Compensation SchemeTreasuryTabled 6 May 2025AnsweredUIN 50099More
Question: To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of increasing the the Financial Services Compensation Scheme deposit protection limit for registered businesses.
Answer: Eligible deposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme up to £85,000. This limit is set by the PRA and applies t...
Answered 13 May 2025
Original Parliament recordFinancial Services Compensation SchemeTreasuryTabled 6 May 2025AnsweredUIN 50098More
Question: To ask the Chancellor of the Exchequer, what recent discussions she has had with the Prudential Regulation Authority on the potential merits of changes to the Financial Services Compensation Scheme deposit protection limit.
Answer: Eligible deposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme up to £85,000. The PRA sets this limit and is required to...
Answered 13 May 2025
Original Parliament recordElectronic Funds Transfer: FraudTreasuryTabled 6 May 2025AnsweredUIN 50097More
Question: To ask the Chancellor of the Exchequer, what discussions she has had with social media and telecommunication companies on reducing Authorised Push Payment Fraud on online platforms.
Answer: The government is committed to ensuring that all key sectors play their part to better protect the public and businesses from fraud. In November, building on existing pledges to prevent fraud, the Home Secretary, the Secretary of State for Science, Innova...
Answered 13 May 2025
Original Parliament recordBanks: FinanceTreasuryTabled 30 Apr 2025AnsweredUIN 49341More
Question: To ask the Chancellor of the Exchequer, what discussions she has had with the mid-tier banking sector on the Bank of England’s consultation on changes to thresholds for the minimum requirement for own funds and eligible liabilities, published on 15 Octobe
Answer: The Bank of England sets MREL requirements independently, though the government takes a close interest in the policy and engages regularly on it both with the Bank of England and with the banking sector, including mid-tier firms. The government’s engageme...
Answered 7 May 2025
Original Parliament recordPostal Services: Universal Service ObligationDepartment for Business and TradeTabled 8 Apr 2025AnsweredUIN 44964More
Question: To ask the Secretary of State for Business and Trade, what discussions his Department has had with Ofcom on their consultation on the future of the universal service obligation for postal services.
Answer: Ministers and officials meet with Ofcom regularly to discuss a range of issues in relation to its role as the regulatory authority for the postal sector.The government is committed to a universal service obligation and know Ofcom will use this consultatio...
Answered 24 Apr 2025
Original Parliament recordPostal Services: Universal Service ObligationDepartment for Business and TradeTabled 8 Apr 2025AnsweredUIN 44963More
Question: To ask the Secretary of State for Business and Trade, what steps his Department plans to take to ensure there will be parliamentary oversight of reforms to the Universal Service Obligation for postal services.
Answer: Parliament has made Ofcom the independent regulator for the postal sector, and as such Ofcom has the responsibility to ensure the provision of the universal service obligation. Ofcom proposed reforms to the universal service obligation in its consultation...
Answered 24 Apr 2025
Original Parliament recordFinancial Ombudsman ServiceTreasuryTabled 26 Mar 2025AnsweredUIN 41404More
Question: To ask the Chancellor of the Exchequer, what the (a) scope and (b) remit is of the Treasury review into Financial Ombudsman Service.
Answer: The Treasury will examine whether the Financial Ombudsman Service (FOS), is delivering its role as a simple, impartial dispute resolution service which quickly and effectively deals with complaints against financial services firms, and which works in conc...
Answered 2 Apr 2025
Original Parliament recordGovernment SecuritiesTreasuryTabled 26 Mar 2025AnsweredUIN 41403More
Question: To ask the Chancellor of the Exchequer, whether her Department has a planned timeline for the implementation of digital gilts; and when she expects to lay legislation before the House.
Answer: On 18 March 2025, the Chancellor of the Exchequer launched the procurement process for the pilot Digital Gilt Instrument (DIGIT) issuance. Following the announcement, HMT and UK Debt Management Office published the first step in the process, which seeks v...
Answered 2 Apr 2025
Original Parliament recordGovernment SecuritiesTreasuryTabled 26 Mar 2025AnsweredUIN 41402More
Question: To ask the Chancellor of the Exchequer, what recent progress her Department has made on the development of digital gilts; and what assessment she has made on their potential impact on the UK financial system.
Answer: On 18 March 2025, the Chancellor of the Exchequer launched the procurement process for the pilot Digital Gilt Instrument (DIGIT) issuance. Following the announcement, HMT and UK Debt Management Office published the first step in the process, which seeks v...
Answered 2 Apr 2025
Original Parliament recordTeachers' PensionsDepartment for EducationTabled 26 Mar 2025AnsweredUIN 41399More
Question: To ask the Secretary of State for Education, what assessment her Department has of the adequacy of the range of communication methods used by Teachers' Pensions to contact their customers.
Answer: Teachers’ Pensions employs a wide range of communication methods to contact members of the scheme, including via member portal, website, telephone contact centre, webchat, text messaging, post, email and social media platforms.The department regularly rev...
Answered 1 Apr 2025
Original Parliament recordTeachers' PensionsDepartment for EducationTabled 25 Mar 2025AnsweredUIN 41048More
Question: To ask the Secretary of State for Education, if she will make an an assessment of the adequacy of the length of time taken by Teachers' Pensions to process applications for remedial service statements.
Answer: The information held on the number of complaints is provided in the table below.Year (January to December)Complaints category: Delivery of Service20202,43620213,24320221,73020233,20320246,3862025 (covers January and February)1,268 596,000 members of the T...
Answered 1 Apr 2025
Original Parliament recordTeachers: RetirementDepartment for EducationTabled 25 Mar 2025AnsweredUIN 41047More
Question: To ask the Secretary of State for Education, what (a) financial and (b) other support her Department provides to teachers who retire unexpectedly due to ill health.
Answer: Teachers who are members of the Teachers’ Pension Scheme who suffer ill-health such that they are assessed as being unable to continue working up until their Normal Pension Age, equal to State Pension Age, can access their accrued pension benefits without...
Answered 1 Apr 2025
Original Parliament recordTeachers' Pensions: ComplaintsDepartment for EducationTabled 25 Mar 2025AnsweredUIN 41046More
Question: To ask the Secretary of State for Education, what information her Department holds on the number of complaints made against the service provided by Teachers' Pensions in the last five years.
Answer: The information held on the number of complaints is provided in the table below.Year (January to December)Complaints category: Delivery of Service20202,43620213,24320221,73020233,20320246,3862025 (covers January and February)1,268 596,000 members of the T...
Answered 1 Apr 2025
Original Parliament recordFinancial Services Compensation SchemeTreasuryTabled 13 Mar 2025AnsweredUIN 38033More
Question: To ask the Chancellor of the Exchequer, what recent discussions she has had with the Bank of England on the Financial Services Compensation Scheme's compensation limit for (a) consumer and (b) business accounts.
Answer: Eligible deposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme up to £85,000, with joint accounts protected up to £170,0...
Answered 19 Mar 2025
Original Parliament recordFraudTreasuryTabled 13 Mar 2025AnsweredUIN 38032More
Question: To ask the Chancellor of the Exchequer, whether her Department plans to require (a) technology and (b) telecommunication firms to contribute to the cost of (i) fraud prevention and (ii) the reimbursement of victims of fraud on their platforms.
Answer: Fraud is a costly crime for citizens, consumers, and businesses.I welcome existing pledges to prevent fraud made by tech and telecoms firms.At Mansion House, the Chancellor announced this government would work with tech and telecoms companies to stop thei...
Answered 19 Mar 2025
Original Parliament recordFinancial Conduct Authority and Payment Systems Regulator: MergersTreasuryTabled 13 Mar 2025AnsweredUIN 38031More
Question: To ask the Chancellor of the Exchequer, what estimate her Department has made of the cost of merging the Financial Conduct Authority and the Payment Systems Regulator.
Answer: The Payment Systems Regulator (PSR) has carried out important work to support the UK’s world leading payments sector. However, moving forward, the Government wishes to see a more streamlined regulatory environment with minimal overlap between regulators’ ...
Answered 19 Mar 2025
Original Parliament recordFinancial Conduct Authority and Payment Systems Regulator: MergersTreasuryTabled 13 Mar 2025AnsweredUIN 38030More
Question: To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of merging the Financial Conduct Authority and the Payment Systems Regulator on costs to the Exchequer.
Answer: The Payment Systems Regulator (PSR) has carried out important work to support the UK’s world leading payments sector. However, moving forward, the Government wishes to see a more streamlined regulatory environment with minimal overlap between regulators’ ...
Answered 19 Mar 2025
Original Parliament recordCharging Points: TheftHome OfficeTabled 13 Mar 2025AnsweredUIN 38029More
Question: To ask the Secretary of State for the Home Department, whether she plans to introduce a nationwide policing strategy to prevent the theft of materials from charging stations.
Answer: Theft, including the theft of cables is a serious issue. This Government recognises the distress and disruption that theft and vandalism can cause, not only to businesses, but also to local communities and critical infrastructure.The Home Office provided ...
Answered 19 Mar 2025
Original Parliament recordElectric Vehicles: Charging PointsDepartment for TransportTabled 10 Mar 2025AnsweredUIN 36639More
Question: To ask the Secretary of State for Transport, whether her Department has considered designating public electric vehicle charger sites as Critical National Infrastructure.
Answer: Critical National Infrastructure (CNI) is defined as those facilities, systems, sites, information, people, networks and processes judged to be critical to the functioning and security of the UK. Loss or compromise of these could result in risk to life or...
Answered 17 Mar 2025
Original Parliament recordIndividual Savings AccountsTreasuryTabled 3 Mar 2025AnsweredUIN 34831More
Question: To ask the Chancellor of the Exchequer, if she will make an estimate of the potential impact of (a) reducing the cash ISA limit to £4,000 and (b) creating incentives to put money into stocks and shares ISAs on the amount of money that will be put into sto
Answer: The Government is committed to incentivising greater saving and investment. Individual Savings Accounts (ISAs) help people save for their future goals and build greater financial resilience. The Government recognises the important role that cash savings p...
Answered 6 Mar 2025
Original Parliament recordStamp DutiesTreasuryTabled 28 Feb 2025AnsweredUIN 34607More
Question: To ask the Chancellor of the Exchequer, how much money has been raised from stamp duty charged to UK listed equity transactions in each financial year since 2010.
Answer: HM Revenue and Customs does not hold the necessary information on its statistical data systems to separate transactions of UK listed equity and the resulting Stamp Tax on Shares charge from other sources of Stamp Tax on Shares revenue. However, the majori...
Answered 6 Mar 2025
Original Parliament recordStamp Duties: Economic GrowthTreasuryTabled 28 Feb 2025AnsweredUIN 34606More
Question: To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of removing stamp duty from UK listed equity transactions on economic growth.
Answer: Collectively, Stamp Duty and Stamp Duty Reserve Tax are currently forecast to raise up to £5bn per year, providing vital revenue which helps to fund key public services. The existing framework contains multiple reliefs and exemptions which are designed to...
Answered 6 Mar 2025
Original Parliament recordPISCESTreasuryTabled 28 Feb 2025AnsweredUIN 34605More
Question: To ask the Chancellor of the Exchequer, when her Department plans to lay the Statutory Instrument for the introduction of the PISCES Sandbox.
Answer: As the Chancellor announced at Mansion House in November 2024, the government intends to lay the statutory instrument which will provide the legal framework for the PISCES Sandbox before Parliament by May 2025.
Answered 6 Mar 2025
Original Parliament recordBank of England: FinanceTreasuryTabled 28 Feb 2025AnsweredUIN 34604More
Question: To ask the Chancellor of the Exchequer, what discussions she has had with the Bank of England on increasing the proposed eligibility threshold in its consultation on minimum requirement for own funds and eligible liabilities (MREL) to £50bn.
Answer: The Government is continuing to engage closely with the Bank of England on its recent consultation on its approach to setting a minimum requirement for own funds and eligible liabilities (MREL), which closed on 24 January. The Bank of England sets MREL po...
Answered 6 Mar 2025
Original Parliament record
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