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Written Question
Cryptocurrencies
Wednesday 20th December 2017

Asked by: Chris Evans (Labour (Co-op) - Caerphilly)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the value of assets held by the Government in digital currencies is.

Answered by Steve Barclay

The Government does not have any holdings of digital currencies.

Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"It is a pleasure to follow the hon. Member for The Cotswolds (Geoffrey Clifton-Brown), a great parliamentarian who serves with distinction on the Public Accounts Committee with me. It was good to hear him.

Those of us who have been in the House for a number of years feel that …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"I would have liked to have heard at least some sort of plan about the single market and the customs union. I would say—I shall diverge a little, if you will allow me, Madam Deputy Speaker—that those of us who are concerned about Brexit have been unfairly attacked as remoaners …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"I respect the hon. Gentleman as a parliamentarian, but he is wrong about this. He knows that that was a false statement made by the leave side to try to con people into voting leave. There is no point in standing by that claim anymore.

The thing is that we …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"My hon. Friend speaks from experience as the chairman of the Co-operative party, and he is absolutely right that we need a thriving co-operative sector in this country. Again, if we want to talk about the past and the reason why we do not have a strong mutual sector in …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"I absolutely agree with my hon. Friend. If ever anything tore into the very fabric of British society, it was that. It is terrible when we walk down the street now and see that so many of the famous building societies we grew up with are no longer there. That …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Wed 22 Nov 2017
Budget Resolutions

"They might come down, the hon. Gentleman says.

The point that the Chancellor is missing is that many of these people cannot afford a deposit to buy a house, so as well as reducing stamp duty, he should have been looking at vehicles for people to save to buy a …..."
Chris Evans - View Speech

View all Chris Evans (LAB - Caerphilly) contributions to the debate on: Budget Resolutions
Written Question
Financial Services: Technology
Monday 6th November 2017

Asked by: Chris Evans (Labour (Co-op) - Caerphilly)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what recent assessment his Department has made of the benefits of FinTech to the UK economy.

Answered by Steve Barclay

Fintech offers a significant growth opportunity for the UK economy, providing new jobs, and delivering benefits to consumers through increased competition and innovation in financial services.

The Fintech sector contributes £6.6bn annually to the economy, employing 60,000 people across 1,600 companies.

The government’s ambition is for the UK to consolidate its world-leading position in FinTech and to become the leading global hub for financial innovation. In recent months I have held a roundtable with FinTech firms to discuss how to maximise opportunities for the sector and recently met the regional FinTech envoy to Scotland to discuss the benefits FinTech can offer across the UK.

Written Question
Financial Services: Technology
Friday 3rd November 2017

Asked by: Chris Evans (Labour (Co-op) - Caerphilly)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, to which countries he has made representations in respect of building FinTech bridges.

Answered by Steve Barclay

FinTech, including opportunities for collaboration in this area, forms a key part of the UK’s bilateral financial services discussions. The UK currently has four FinTech Bridges – with Singapore, the Republic of Korea, China, and Hong Kong.

Written Question
Cryptocurrencies: Regulation
Friday 3rd November 2017

Asked by: Chris Evans (Labour (Co-op) - Caerphilly)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to regulate (a) Bitcoin and (b) other crypto-currencies.

Answered by Steve Barclay

The UK government is currently negotiating amendments to the 4th Anti-Money Laundering Directive that will bring virtual currency exchange platforms and custodian wallet providers into Anti-Money Laundering and Counter-Terrorist Financing regulation, which will result in these firms’ activities being overseen by national competent authorities for these areas. The government supports the intention behind these amendments. We expect these negotiations to conclude at EU level in late 2017/early 2018.