Asked by: Johnny Mercer (Conservative - Plymouth, Moor View)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of licences given by the Office for Financial Sanctions Implementation to British law firms in respect of Russian operations; and whether that organisation allows licensed firms to continue representing Russian state-related companies.
Answered by John Glen
Data on licences issued will be provided in OFSI’s Annual Review 2021-22 which is due to be published this year.
Asked by: Johnny Mercer (Conservative - Plymouth, Moor View)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether further cost savings are being sought from his Department as part of the National Security Capability Review process.
Answered by Elizabeth Truss
The Government has no plans to cut the Defence budget.
Spending Review 2015 remains the basis of the government’s spending plans. We have the biggest defence budget in Europe and the fifth largest in the world. We are one of very few countries to not only meet, but exceed NATO’s 2 per spending target. Over the next three years, the Defence Budget is increasing by £1bn a year.
Ministers will consider the conclusions of the National Security Capability Review in due course.
Asked by: Johnny Mercer (Conservative - Plymouth, Moor View)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, which charities have received Libor funding in each of the last five years; and how much funding those charities have received.
Answered by Elizabeth Truss
1. LIBOR funding is only committed to the following entities:
· Registered Charities
· Community Interest Companies (CIC)
· Armed Forces Units with a Unit Identification Number (UIN)
Details of LIBOR funding can be found at the following links:
GOV.UK LIBOR Webpages
https://www.gov.uk/government/publications/libor-funding-applications
https://www.gov.uk/government/news/banking-fines-to-fund-armed-forces-charity-projects
https://www.gov.uk/government/news/libor-fines-to-fund-armed-forces-charity-projects
https://www.gov.uk/government/news/bank-fines-to-be-used-to-support-britains-armed-forces-community
https://www.gov.uk/government/news/more-armed-forces-charities-to-benefit-from-banking-fines
https://www.gov.uk/government/news/100-million-bank-fines-allocated-by-government-to-good-causes
National Audit Office Report on the ‘Investigation into the management of the Libor Fund’
Asked by: Johnny Mercer (Conservative - Plymouth, Moor View)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, which non-charitable entities have received Libor funding in each of the last five years; and how much those entities have received.
Answered by Elizabeth Truss
1. LIBOR funding is only committed to the following entities:
· Registered Charities
· Community Interest Companies (CIC)
· Armed Forces Units with a Unit Identification Number (UIN)
Details of LIBOR funding can be found at the following links:
GOV.UK LIBOR Webpages
https://www.gov.uk/government/publications/libor-funding-applications
https://www.gov.uk/government/news/banking-fines-to-fund-armed-forces-charity-projects
https://www.gov.uk/government/news/libor-fines-to-fund-armed-forces-charity-projects
https://www.gov.uk/government/news/bank-fines-to-be-used-to-support-britains-armed-forces-community
https://www.gov.uk/government/news/more-armed-forces-charities-to-benefit-from-banking-fines
https://www.gov.uk/government/news/100-million-bank-fines-allocated-by-government-to-good-causes
National Audit Office Report on the ‘Investigation into the management of the Libor Fund’
Asked by: Johnny Mercer (Conservative - Plymouth, Moor View)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much funding will be made available for charities in the upcoming round of Libor funding.
Answered by Elizabeth Truss
The amount of funding which will be made available in the upcoming round of LIBOR grants, ‘LIBOR 2017’, has yet to be confirmed.