Asked by: Andrew Bingham (Conservative - High Peak)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Business, Innovation and Skills on the effect on businesses of changes to VAT invoicing on discounting for early payment schemes.
Answered by David Gauke
HM Treasury is in regular contact with the Department for Business, Innovation and Skills on a wide range of issues
Asked by: Andrew Bingham (Conservative - High Peak)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the bureaucracy required to apply for a new mortgage.
Answered by Andrea Leadsom
The Financial Conduct Authority (FCA) has recently put in place new regulations for mortgages in the UK, known as the ‘Mortgage Market Review’ (MMR). The MMR is a matter for the FCA, whose day-to-day operations are independent from government control and influence.