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Written Question
Motorways: Speed Limits
Friday 19th January 2018

Asked by: Greg Knight (Conservative - East Yorkshire)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much money has been raised by average speed cameras, installed on a temporary basis because of roadworks on motorways in England during the last 12 months for which figures are available.

Answered by Elizabeth Truss

All revenue generated from speed cameras – through fixed penalty notices issued by local police forces or speeding fines issued by the courts are transferred into the Consolidated Fund, which is regarded as central Government’s current account. Fines are considered a tax-type revenue and Government departments and their agencies are legally obliged to surrender these receipts to the Treasury. Revenue surrendered to this account is usually transferred in bulk and not ring-fenced for any specific area of government spending but will be used towards general government expenditure. This includes Supply payments to government departments which are drawn from the Consolidated Fund in line with amounts voted by Parliament to finance their net expenditure. As a result, we are unable to provide the information you have requested.

Speech in General Committees - Tue 12 Dec 2017
Draft Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017

"Can the Minister tell the Committee whether the measure applies to Scotland and Northern Ireland? Would it make any difference if one of the bodies mentioned in article 4 were to move to Scotland or Northern Ireland?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Draft Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2017
Written Question
Cryptocurrencies: Regulation
Friday 8th December 2017

Asked by: Greg Knight (Conservative - East Yorkshire)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of international efforts to regulate crypto-currencies; and whether his Department has any plans to regulate crypto-currencies in the UK.

Answered by Steve Barclay

The Government has not made a formal assessment of the regulation of cryptocurrencies in other countries, though it is aware that industry has done so (for example https://bravenewcoin.com/news/icos-and-cryptocurrencies-a-rough-guide-to-global-regulation/) and, as with all policy, continues to monitor developments.

The Government is currently negotiating amendments to the 4th Anti-Money Laundering Directive that we expect to bring virtual currency exchange platforms and custodian wallet providers into the scope of Anti-Money Laundering and Counter-Terrorist Financing regulation. This will require such firms to conduct due diligence upon their customers, with their 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.

Speech in Commons Chamber - Tue 12 Sep 2017
Finance Bill

"I am reflecting on what my hon. Friend said about allowances. Is he arguing for allowances to be automatically uprated to take account of inflation?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Wed 19 Oct 2016
House of Lords Reform and Size of the House of Commons

"The hon. Gentleman talked about fairness, but why does he think it fair that his constituency, which has an electorate of 62,000, should remain as it is, while my constituency has an electorate of 80,000?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: House of Lords Reform and Size of the House of Commons
Speech in Commons Chamber - Tue 19 Apr 2016
Bank of England and Financial Services Bill [Lords]

"The case that my hon. Friend makes is overwhelming. Will he tell the House whether he is aware of anyone who is opposed to what he is trying to do?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Bank of England and Financial Services Bill [Lords]
Speech in Commons Chamber - Wed 09 Mar 2016
Enterprise Bill [Lords]

"Will my hon. Friend tell us why he is opposed to what the Government are seeking to do, which, as I understand it, is permissive, not mandatory?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Enterprise Bill [Lords]
Speech in Commons Chamber - Fri 26 Feb 2016
Overseas Voters Bill

"Does the hon. Gentleman agree that extending the franchise is no good for democracy if, in so doing, we encourage or allow fraud to take place? Does he agree, therefore, that in any widening of the franchise or in any proposal to bring forward internet use, we must make sure …..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Overseas Voters Bill
Speech in Commons Chamber - Fri 26 Feb 2016
Overseas Voters Bill

"Is my hon. Friend aware that support for the Bill goes beyond the list of names that are printed on the back of it?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Overseas Voters Bill
Speech in Commons Chamber - Fri 26 Feb 2016
Overseas Voters Bill

"Will the Minister confirm to the House that he is not looking at the possibility of introducing an Australian-type requirement that people have to vote?..."
Greg Knight - View Speech

View all Greg Knight (Con - East Yorkshire) contributions to the debate on: Overseas Voters Bill