Asked by: Jonathan Djanogly (Conservative - Huntingdon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the cost is of maintaining and servicing assets seized under the sanctions regime related to Russia's invasion of Ukraine.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
HM Treasury does not have powers to seize assets under the Russia sanctions regime, and so incurs no costs in maintaining or servicing assets.
The Office of Financial Sanctions Implementation, part of HM Treasury, is responsible for implementing financial sanctions in the UK. Where the financial sanction is an asset freeze, it is generally prohibited to:
• deal with the frozen funds or economic resources, belonging to or owned, held or controlled by a designated person
• make funds or economic resources available, directly or indirectly, to, or for the benefit of, a designated person
• engage in actions that, directly or indirectly, circumvent the financial sanctions prohibitions
The funds and economic resources are to be frozen immediately by the person in possession or control of them. An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they confiscated or transferred to HM Treasury for safekeeping.
Asked by: Jonathan Djanogly (Conservative - Huntingdon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether the Government plans to underwrite competitive grant awards made during the transition period by the European Commission to UK organisations including universities participating in Horizon 2020.
Answered by Elizabeth Truss
Subject to an overall withdrawal agreement being reached with the EU, UK people and organisations will be able to bid for grant funding, participate in and lead consortia in Horizon 2020 and other EU programmes during the implementation period. They will continue to participate in programme projects until their final closure. This includes the tail of Horizon 2020 projects that continue beyond 2020.
If no overall agreement is reached, the UK government will guarantee the payment of awards where UK people and organisations successfully bid directly to the European Commission on a competitive basis for EU funding projects while the UK remains an EU member. This will include Horizon 2020 projects.
Asked by: Jonathan Djanogly (Conservative - Huntingdon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many applications have been made (a) successfully and (b) unsuccessfully under the second stage of the Government's Help to Buy mortgage guarantee scheme in Huntingdon constituency.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
The Government publishes quarterly official statistics relating to the Help to Buy: mortgage guarantee scheme. The first of these were published on 29 May 2014.
This report, along with accompanying tables, can be found at: https://www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014