Asked by: Duncan Baker (Conservative - North Norfolk)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, if his Department will provide guidance to home owners with rotten loft timbers caused by spray foam insulation on taking steps to find appropriate insurance.
Answered by Lee Rowley - Minister of State (Minister for Housing)
We are aware of issues that some homeowners are finding after having sprayed foam installed in their loft space and have worked with the industry and stakeholders to find a resolution.
The insulation, lending, and surveying communities published new protocols in March 2023 to allow an assessment of these spray foam installations. These describe a structured route to assessing risks from this type of insulation and are intended to provide reassurance to lenders and insurance providers. These can be found here: https://www.property-care.org/resources/spray-foam-insulation-inspections and Guides & Documents - IMA (insulationmanufacturers.org.uk). These include advice that building professionals surveying spray foam insulation should be familiar with the requirements of BS 5250:2021 where this relates to hygrothermal evaluation or suitable condensation risk assessment.
We will continue to work with regulators and industry to ensure that insurers and lenders take a fair and proportionate approach when considering building-related risks. Correspondence between departmental officials and the regulator has been published on the gov.uk website.
Asked by: Duncan Baker (Conservative - North Norfolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of trends in the number of ATM closures on (a) access to and (b) the depositing of cash.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Currently, LINK (the scheme that runs the UK's largest ATM network) has commitments to protect the broad geographic spread of free-to-use ATMs and is held to account against these commitments by the Payment Systems Regulator. LINK has committed to protect free-to-use ATMs more than one kilometre away from the next nearest free ATM or Post Office, and free access to cash on high streets (where there is a cluster of five or more retailers) that do not have a free-to-use ATM or a Post Office counter within one kilometre.
LINK publishes monthly statistics on its ATM network on its website https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/#:~:text=LINK%20has%20also%20committed%20to,commitment%20can%20be%20found%20here.
However, in recognition that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups, the government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities. The FCA recently held a consultation on its proposed regulatory approach: FCA Access to Cash Consultation. The FCA is currently considering feedback and expects to publish its final rules in the third quarter of this year.