Mark Garnier MP: written questions
253 published records · newest first.
Written questions
Government 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 recordGlobal Navigation Satellite Systems: Aviation and Emergency ServicesDepartment for TransportTabled 21 Feb 2025AnsweredUIN 31930More
Question: To ask the Secretary of State for Transport, what assessment she has made of the impact of the unavailability of localiser performance with vertical guidance (LPV) approaches on (a) general aviation, (b) emergency medical services and (c) regional airport
Answer: Larger UK airports and many regional airports have Instrument Landing Systems in place and therefore a satellite-based augmentation system) such as European Geostationary Navigation Overlay Service (EGNOS), is primarily beneficial at smaller regional airp...
Answered 3 Mar 2025
Original Parliament recordMortgagesTreasuryTabled 21 Feb 2025AnsweredUIN 31917More
Question: To ask the Chancellor of the Exchequer, if she will make an estimate of the number of additional mortgages that could be approved by increasing the 15% cap on bank mortgage lending above 4.5 times income to (a) 17.5%, (b) 20% or (c) removing the cap entir
Answer: The flow limit, which limits the number of mortgages extended at loan-to-income (LTI) ratios of 4.5 or higher to 15% of a lender’s new mortgage lending, is set by the independent Financial Policy Committee (FPC) of the Bank of England.While the Government...
Answered 3 Mar 2025
Original Parliament recordMortgages: Bank of EnglandTreasuryTabled 21 Feb 2025AnsweredUIN 31916More
Question: To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Bank of England's Financial Policy Committee's 15% cap on mortgage lending.
Answer: The flow limit, which limits the number of mortgages extended at loan-to-income (LTI) ratios of 4.5 or higher to 15% of a lender’s new mortgage lending, is set by the independent Financial Policy Committee (FPC) of the Bank of England.While the Government...
Answered 3 Mar 2025
Original Parliament recordCredit UnionsTreasuryTabled 21 Feb 2025AnsweredUIN 31915More
Question: To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of taking legislative steps to allow credit unions to access the Bank of England’s liquidity facilities.
Answer: Credit unions are not currently eligible to access the Bank of England’s liquidity facilities, but the Bank continually assesses the types of firms that are eligible. The Government has made clear its strong support for the credit union sector, recognisin...
Answered 3 Mar 2025
Original Parliament recordFinancial Services: RegulationTreasuryTabled 21 Feb 2025AnsweredUIN 31914More
Question: To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the recommendations within the House of Lords Financial Services Regulation Committee's report entitled Naming and shaming: how not to regulate, published on 6 Februar
Answer: The Government welcomes the publication of this report and its recommendations for the Financial Conduct Authority (FCA). Effective Parliamentary scrutiny is key to ensuring a well-functioning regulatory environment with high standards of accountability a...
Answered 26 Feb 2025
Original Parliament recordFinancial Conduct AuthorityTreasuryTabled 21 Feb 2025AnsweredUIN 31913More
Question: To ask the Chancellor of the Exchequer what assessment she has made of the adequacy of the Financial Conduct Authority’s decision to automatically delete emails after 12 months.
Answer: The FCA is operationally independent of government and therefore the Treasury has not made an assessment of this decision. The government expects the FCA to act in accordance with high standards of transparency and operational efficiency, and will continu...
Answered 26 Feb 2025
Original Parliament recordFinancial Ombudsman Service: Fees and ChargesTreasuryTabled 21 Feb 2025AnsweredUIN 31912More
Question: To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Financial Ombudsman Service’s decision to introduce a £250 charge for claims management companies to refer cases.
Answer: The Government recognises that many professional representatives, including claims management companies, provide a valuable service to consumers by supporting them to make financial services redress claims. However, there are examples of poor behaviour fr...
Answered 26 Feb 2025
Original Parliament recordFinancial Ombudsman ServiceTreasuryTabled 21 Feb 2025AnsweredUIN 31906More
Question: To ask the Chancellor of the Exchequer, what steps she is taking to ensure the (a) transparency and (b) accountability of the Financial Ombudsman Service.
Answer: The Financial Ombudsman Service (FOS) is governed by the framework set out in the Financial Services and Markets Act (FSMA) 2000. This includes a range of mechanisms to ensure the accountability and transparency of the FOS.The Financial Conduct Authority ...
Answered 26 Feb 2025
Original Parliament recordSpace DebrisDepartment for Science, Innovation and TechnologyTabled 4 Feb 2025AnsweredUIN 28495More
Question: To ask the Secretary of State for Science, Innovation and Technology, what his planned timetable is for publishing the Active Debris Removal Programme.
Answer: Active Debris Removal (ADR) is a core part of in-orbit servicing, assembly and manufacturing capabilities to support safe, secure and sustainable access to space. The Government recently awarded £4.7 million to Astroscale and ClearSpace to understand the ...
Answered 12 Feb 2025
Original Parliament record
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