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Written Question
Financial Institutions: Insolvency
Friday 21st October 2016

Asked by: Philip Boswell (Scottish National Party - Coatbridge, Chryston and Bellshill)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of money lost by UK investors as a result of Providence Bonds and Providence Bonds II being placed in administration in September 2016.

Answered by Simon Kirby

The government does not hold this information.

Written Question
Financial Institutions: Insolvency
Friday 21st October 2016

Asked by: Philip Boswell (Scottish National Party - Coatbridge, Chryston and Bellshill)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what communication has taken place between the UK Financial Ombudsman Service, the Bank of England and the Channel Islands Financial Ombudsman in relation to protection for investors in Providence Bonds and Providence Bonds II.

Answered by Simon Kirby

The government is unable to comment on the communications of external bodies.

Speech in Commons Chamber - Tue 06 Sep 2016
Finance Bill

"I thank the Minister for giving way. She is being most generous.

Yesterday, in an intervention on the speech of one of the Minister’s colleagues, I asked when we were likely to expect the very important autumn statement. The response was “some time in November, maybe December.” Can the Minister …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 06 Sep 2016
Finance Bill

"There are several new clauses on which I intend to speak—most of them briefly—and the first is new clause 18.

New clause 18 calls for a review of the impact of section 24 of the Finance Act 2015. I and my SNP colleagues have concerns that the changes made in …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 06 Sep 2016
Finance Bill

"I thank the hon. Gentleman and agree wholeheartedly with his comments.

From cuts to solar subsidies, to the scrapping of onshore wind, to the scrapping of the green deal for energy for energy-efficient homes that the hon. Gentleman mentioned, to the selling of the UK Green Investment Bank—there are numerous …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 06 Sep 2016
Finance Bill

"I must admit that I have sympathy with all who have reservations about any position taken in this Bill, given that, as my hon. Friend has said, it seeks to implement measures devised prior to the EU vote and therefore fails to provide for an economy that faces the harsh …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Mon 05 Sep 2016
Finance Bill

"Brexit casts further uncertainty over the oil and gas industry, which under this Conservative Government has seen the legislative goalposts moved almost continuously, thereby hindering vital investment. Does my hon. Friend agree that given that the Bill implements measures devised prior to the EU vote and, as such, fails to …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Mon 05 Sep 2016
Finance Bill

"Many believe that the oil and gas industry has been adversely affected by Brexit. Earlier this year, I asked this Chancellor, in his first Treasury questions, when the people of the UK could get an insight into the scale of capital flight following Brexit. He replied:

“a series of data …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Mon 05 Sep 2016
Finance Bill

"The hon. Gentleman is being most gracious and I thank him for his time. The right hon. Member for Broxtowe (Anna Soubry) has mentioned real concerns expressed by the Japanese Government re investment in the UK. This concern was echoed when President Obama confirmed, post-EU referendum, that the EU is …..."
Philip Boswell - View Speech

View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Wed 20 Jul 2016
Charter for Budget Responsibility

"It was only a year ago that the hon. Gentleman was telling the media that he supported George Osborne’s austerity charter. He has changed his mind and I welcome that U-turn, but more than 20 Labour MPs voted for the charter. Not a single SNP MP has voted for austerity. …..."
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View all Philip Boswell (SNP - Coatbridge, Chryston and Bellshill) contributions to the debate on: Charter for Budget Responsibility