Speech in Commons Chamber - Thu 05 Feb 2015
Beer Duty
"Regional brewers also matter. Will my hon. Friend allow me to pay tribute to Hall & Woodhouse, which is one of the many? It set up the community chest in Dorset and West Sussex, which gives grants to good organisations. Not all of the organisations are run in the pubs, …..."Peter Bottomley - View Speech
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Written Question
Monday 23rd June 2014
Asked by:
Peter Bottomley (Conservative - Worthing West)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much funding of the Financial Ombudsman Service came directly from the levy on the Office of Fair Trading licences on consumer credit firms in (a) 2011, (b) 2012 and (c) 2013; how this funding will be levied in future; and if he will make a statement.
Answered by Andrea Leadsom
The Financial Ombudsman Service (FOS) is an independent, non-Governmental body and questions about its funding are a matter for the FOS or, as the case may be, the Financial Conduct Authority (FCA), who approve the FOS budget and fee rules. This question has been passed on to the FOS, and the FOS will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.
Written Question
Monday 23rd June 2014
Asked by:
Peter Bottomley (Conservative - Worthing West)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the expected increase in the fees and levies on regulated consumer credit firms that will go towards the funding of the Money Advice Service and Financial Ombudsman Service in (a) 2015, (b) 2016 and (c) 2017 under the new Financial Conduct Authority regulated fees and levies regime.
Answered by Andrea Leadsom
The Financial Conduct Authority (FCA) consumer credit regulatory regime is far better resourced and has wider objectives than the previous Office of Fair Trading (OFT) regime. The FCA is an independent, non-governmental body, and it is entirely funded by the fees it charges on the financial services industry. As a result, specific questions around fees are a matter for the FCA.
The Financial Ombudsman Service (FOS) is funded by a combination of industry levy and case fees. The FOS is an independent, non-Governmental body and questions about its funding are a matter for the FOS or, as the case may be, the FCA (who approve the FOS budget and fee rules). The FOS budget is proposed by FOS annually and approved by the FCA.
The Money Advice Service's (MAS) budget is proposed by MAS annually, based on demand for money and debt advice, and approved by the FCA. Consumer credit firms will pay the MAS levy once authorised by the FCA. The FCA has approved MAS's 2014/15 budget, but MAS's budget for future years has not yet been determined.
Speech in Westminster Hall - Wed 22 Jan 2014
Money Transfer Accounts and Remittance Sector
"I apologise for not being here at the beginning of the debate and because a long-standing constituency commitment will prevent me from being here for the end. I shall therefore make a very brief contribution.
First, I hope that we will hear from my hon. Friend the Minister that there …..."Peter Bottomley - View Speech
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Speech in Westminster Hall - Tue 17 Dec 2013
Sixth-Form Colleges (VAT)
"I am sorry that I missed the earlier remarks about 18-year-olds and the £700 cut in funding, which will mostly affect people in poorer postcodes. Does my hon. Friend the Minister accept that if the schools budget was increased by 0.8% rather than 1%, there would have been no need …..."Peter Bottomley - View Speech
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Speech in Westminster Hall - Tue 17 Dec 2013
Sixth-Form Colleges (VAT)
"rose—..."Peter Bottomley - View Speech
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Speech in Westminster Hall - Tue 05 Feb 2013
HM Revenue and Customs
"The greater part of the hon. Gentleman’s speech is obviously about the collection service and HMRC’s resources, but as he has talked about some of the bigger companies and the accountancy firms, does he agree that it is right to consider whether each company should state on the front of …..."Peter Bottomley - View Speech
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Speech in Commons Chamber - Wed 18 Apr 2012
Finance (No. 4) Bill
"Would it be appropriate for the Minister to say whether the Government consulted the Churches’ Legislation Advisory Service and whether they were aware that the Churches were responsible for nearly half the grade I listed buildings that this proposal will affect?..."Peter Bottomley - View Speech
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Speech in Commons Chamber - Thu 22 Mar 2012
Amendment of the Law
"The House will appreciate that parts of the speech by the hon. Member for Ellesmere Port and Neston (Andrew Miller) were his own words and that others sounded a bit like a Whip’s handout. His birthday is to be welcomed.
I suggest to colleagues that it would be worth their …..."Peter Bottomley - View Speech
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Speech in Commons Chamber - Thu 22 Mar 2012
Amendment of the Law
"The Labour Government were in power for about 150 months. For fewer than two of those 150 months they had the 50p tax rate. Why?..."Peter Bottomley - View Speech
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