Asked by: Gavin Shuker (Independent - Luton South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the regulation of cryptocurrencies in the UK.
Answered by John Glen
The Government established the Cryptoassets Taskforce - comprised of HM Treasury, the FCA, and the Bank of England – to explore the risks and potential benefits of cryptoassets and consider the appropriate response. The Taskforce’s report[1] set out commitments to further consider the regulatory approach to cryptoassets.
The Government has recently consulted on plans to go beyond the requirements set out in the EU’s Fifth Anti-Money Laundering Directive to bring all relevant cryptoasset firms into anti-money laundering regulation.
The Government will consult on its approach to unregulated cryptoassets later this year.
Asked by: Gavin Shuker (Independent - Luton South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his long-term plans are for the adult social care precept after 2019-20.
Answered by Elizabeth Truss
Funding for Local Government after 2019-20 will be agreed at the Spending Review next year.
Asked by: Gavin Shuker (Independent - Luton South)
Question to the HM Treasury:
What plans he has to increase his Department's support for the co-operative sector.
Answered by John Glen
This Government recognises the value of co-operatives and their contribution to the diversity of the UK economy, and is strongly supportive of the sector.
For example, before Christmas, my Department legislated to increase the asset and turnover threshold at which co-operatives have to conduct a full audit from April this year.
The Government will continue to explore further ways to support the sector.
Asked by: Gavin Shuker (Independent - Luton South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether his Department maintains a list of all UK companies which have a global turnover of more than (a) £16 million, (b) £26 million, (c) £36 million and (d) £46 million; and if he will make a statement.
Answered by Elizabeth Truss
The department does not maintain such a list of UK companies. However we engage with businesses of all sizes in order to understand their needs and priorities
Asked by: Gavin Shuker (Independent - Luton South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that women are not disproportionately affected by the Government's fiscal policies.
Answered by Jane Ellison
It is equally important for the future finances of both women and men that we remain committed to tackling the deficit and strengthening the economy.
Recent government decisions have also been of benefit to women. Around two thirds of those benefitting from the National Living Wage are estimated to be women. And of the 680,000 people who will be lifted out of income tax by 2017/18 as a result of increases in the personal tax allowance, over 60% will be women.