Written questions by Andrew.

What assessment she has made of the impact of changes to tax treatment affecting the Motability Scheme from 1 July 2026 on the affordability of new leases for disabled people.

Awaiting answer.

Whether her Department plans to publish analysis of the business rates burden by sector and business size following the 2026 revaluation.

I refer the hon. Member to the answer given to UIN 101363.

What assessment she has made of the potential impact of the 2026 business rates revaluation on small businesses operating in high street premises.

I refer the hon. Member to the answer given to UIN 101363.

Whether she has considered freezing or reducing the small business multiplier in response to rising fixed costs for SMEs.

I refer the hon. Member to the answer given to UIN 101363.

Whether she plans to introduce further transitional relief for small businesses facing increases in business rates liabilities following the 2026 revaluation.

I refer the hon. Member to the answer given to UIN 101363.

What assessment her Department has made of the comparative impact of the 2026 business rates revaluation on (a) small retailers and (b) online distribution centres.

I refer the hon. Member to the answer given to UIN 101363.

What assessment her Department has made of the potential impact of the July 2019 implementation date of the Contingent Reimbursement Model Code on victims of authorised push payment scams that occurred before that date; and whether she plans to review redress mechanisms to ensure consistent treatment of victims regardless of when losses occurred.

The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime. To protect consumers, under the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has introduced a mandatory reimbursement regime for Authorised Push Payment (APP) scams taking place over the Faster Payment system. This came into force on 7 October 2024. The details of the APP reimbursement regime are a matter for the independent PSR. Transactions that occurred before 7 October 2024, may be governed by the Contingent Reimbursement Model (CRM), a voluntary code signed by the UK’s largest banks and building societies that came into force in May 2019. However, it is important to note that not all banks or building societies are party to the CRM code. The CRM code is overseen by the Lending Standards Board and more information can be found on their website.

What assessment she has made of the impact of the 2025 Autumn Budget on business rates for pubs and hospitality venues; and whether she plans to review the business rates settlement for community-based pubs facing significant cost increases despite transitional relief.

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base. At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties. To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest. More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including grassroots music venues, while ensuring that warehouses used by online giants will pay more. The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit. Without this support, pubs would have faced a 45% increase in the total bills they pay next year. However, because of the support the Government has put in place, this has fallen to just 4%.

What assessment she has made of the adequacy of the redress and support mechanisms available to retail investors who have suffered losses in unauthorised mini-bond schemes that fall outside the Financial Services Compensation Scheme, including High Street Group.

The Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in the UK, the Financial Conduct Authority (FCA) stresses the importance of consumers getting the support they need and encourages consumers to only deal with FCA-authorised firms when making financial investments. HSG was not authorised by the FCA, and the issuing and distributing of its products was not a regulated activity. This means that investments made in HSG are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), unless the investment was via a regulated financial adviser or SIPP operator. As an important point of principle, the Government does not step in to pay compensation in respect of firms that fall outside of the FSCS. Doing so would create the wrong set of incentives for individuals and place an unnecessary burden on the taxpayer. As HSG was not authorised by the FCA, and the issuing and distributing of its products is not a regulated activity, the FCA did not have supervisory oversight. The FCA does not have power to investigate a firm that is unauthorised and not carrying out any regulated activities and so the FCA's ability to intervene was limited. However, the promotion and marketing of such loan notes requires approval from FCA-authorised firms, unless a relevant exemption applies. The FCA has taken action against unauthorised promoters of HSG's investment scheme where financial promotions were made in breach of their rules. This action has included unannounced visits, warning letters and the removal of non-compliant financial promotions from the internet. Action is being taken to reduce the risk of future investment schemes operating in this manner. The FCA has banned the mass marketing of speculative mini-bonds, which means firms with similar business models to HSG can no longer market their mini-bonds to ordinary retail investors. Furthermore, the forthcoming public offers and admission to trading regime will bring the issuance of non-transferable debt securities, such as minibonds, within the scope of regulation. That new regime will come into force in January 2026. With respect to any discussions between the Government, regulators and the banking sector, Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at the link below. https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

Whether she will ask the Financial Conduct Authority and other relevant bodies to review their handling of intelligence and complaints relating to High Street Group and similar unauthorised mini-bond schemes; and to publish any lessons learned on consumer protection.

The Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in the UK, the Financial Conduct Authority (FCA) stresses the importance of consumers getting the support they need and encourages consumers to only deal with FCA-authorised firms when making financial investments. HSG was not authorised by the FCA, and the issuing and distributing of its products was not a regulated activity. This means that investments made in HSG are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), unless the investment was via a regulated financial adviser or SIPP operator. As an important point of principle, the Government does not step in to pay compensation in respect of firms that fall outside of the FSCS. Doing so would create the wrong set of incentives for individuals and place an unnecessary burden on the taxpayer. As HSG was not authorised by the FCA, and the issuing and distributing of its products is not a regulated activity, the FCA did not have supervisory oversight. The FCA does not have power to investigate a firm that is unauthorised and not carrying out any regulated activities and so the FCA's ability to intervene was limited. However, the promotion and marketing of such loan notes requires approval from FCA-authorised firms, unless a relevant exemption applies. The FCA has taken action against unauthorised promoters of HSG's investment scheme where financial promotions were made in breach of their rules. This action has included unannounced visits, warning letters and the removal of non-compliant financial promotions from the internet. Action is being taken to reduce the risk of future investment schemes operating in this manner. The FCA has banned the mass marketing of speculative mini-bonds, which means firms with similar business models to HSG can no longer market their mini-bonds to ordinary retail investors. Furthermore, the forthcoming public offers and admission to trading regime will bring the issuance of non-transferable debt securities, such as minibonds, within the scope of regulation. That new regime will come into force in January 2026. With respect to any discussions between the Government, regulators and the banking sector, Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at the link below. https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

What discussions she has had with the banking sector and the Payment Systems Regulator on improving the ability of banks to identify and flag potentially suspicious payments linked to unauthorised investment schemes such as High Street Group; and whether she will make an assessment of the case for enhanced tracing and recovery arrangements in such cases.

The Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in the UK, the Financial Conduct Authority (FCA) stresses the importance of consumers getting the support they need and encourages consumers to only deal with FCA-authorised firms when making financial investments. HSG was not authorised by the FCA, and the issuing and distributing of its products was not a regulated activity. This means that investments made in HSG are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), unless the investment was via a regulated financial adviser or SIPP operator. As an important point of principle, the Government does not step in to pay compensation in respect of firms that fall outside of the FSCS. Doing so would create the wrong set of incentives for individuals and place an unnecessary burden on the taxpayer. As HSG was not authorised by the FCA, and the issuing and distributing of its products is not a regulated activity, the FCA did not have supervisory oversight. The FCA does not have power to investigate a firm that is unauthorised and not carrying out any regulated activities and so the FCA's ability to intervene was limited. However, the promotion and marketing of such loan notes requires approval from FCA-authorised firms, unless a relevant exemption applies. The FCA has taken action against unauthorised promoters of HSG's investment scheme where financial promotions were made in breach of their rules. This action has included unannounced visits, warning letters and the removal of non-compliant financial promotions from the internet. Action is being taken to reduce the risk of future investment schemes operating in this manner. The FCA has banned the mass marketing of speculative mini-bonds, which means firms with similar business models to HSG can no longer market their mini-bonds to ordinary retail investors. Furthermore, the forthcoming public offers and admission to trading regime will bring the issuance of non-transferable debt securities, such as minibonds, within the scope of regulation. That new regime will come into force in January 2026. With respect to any discussions between the Government, regulators and the banking sector, Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at the link below. https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

What assessment she has made of how the proposed new regulatory regime for non-transferable securities and mini-bonds would have applied to the High Street Group scheme had it been in force at the time; and what conclusions she has drawn from that assessment for the position of people impacted by that scheme.

The Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in the UK, the Financial Conduct Authority (FCA) stresses the importance of consumers getting the support they need and encourages consumers to only deal with FCA-authorised firms when making financial investments. HSG was not authorised by the FCA, and the issuing and distributing of its products was not a regulated activity. This means that investments made in HSG are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), unless the investment was via a regulated financial adviser or SIPP operator. As an important point of principle, the Government does not step in to pay compensation in respect of firms that fall outside of the FSCS. Doing so would create the wrong set of incentives for individuals and place an unnecessary burden on the taxpayer. As HSG was not authorised by the FCA, and the issuing and distributing of its products is not a regulated activity, the FCA did not have supervisory oversight. The FCA does not have power to investigate a firm that is unauthorised and not carrying out any regulated activities and so the FCA's ability to intervene was limited. However, the promotion and marketing of such loan notes requires approval from FCA-authorised firms, unless a relevant exemption applies. The FCA has taken action against unauthorised promoters of HSG's investment scheme where financial promotions were made in breach of their rules. This action has included unannounced visits, warning letters and the removal of non-compliant financial promotions from the internet. Action is being taken to reduce the risk of future investment schemes operating in this manner. The FCA has banned the mass marketing of speculative mini-bonds, which means firms with similar business models to HSG can no longer market their mini-bonds to ordinary retail investors. Furthermore, the forthcoming public offers and admission to trading regime will bring the issuance of non-transferable debt securities, such as minibonds, within the scope of regulation. That new regime will come into force in January 2026. With respect to any discussions between the Government, regulators and the banking sector, Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at the link below. https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

Whether her Department has made an estimate of (a) the number of retail investors and (b) the total value of investments affected by the collapse of High Street Group mini-bonds and related schemes; and what assessment she has made of the implications of that case for the regulation of unauthorised investment products.

The Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in the UK, the Financial Conduct Authority (FCA) stresses the importance of consumers getting the support they need and encourages consumers to only deal with FCA-authorised firms when making financial investments. HSG was not authorised by the FCA, and the issuing and distributing of its products was not a regulated activity. This means that investments made in HSG are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), unless the investment was via a regulated financial adviser or SIPP operator. As an important point of principle, the Government does not step in to pay compensation in respect of firms that fall outside of the FSCS. Doing so would create the wrong set of incentives for individuals and place an unnecessary burden on the taxpayer. As HSG was not authorised by the FCA, and the issuing and distributing of its products is not a regulated activity, the FCA did not have supervisory oversight. The FCA does not have power to investigate a firm that is unauthorised and not carrying out any regulated activities and so the FCA's ability to intervene was limited. However, the promotion and marketing of such loan notes requires approval from FCA-authorised firms, unless a relevant exemption applies. The FCA has taken action against unauthorised promoters of HSG's investment scheme where financial promotions were made in breach of their rules. This action has included unannounced visits, warning letters and the removal of non-compliant financial promotions from the internet. Action is being taken to reduce the risk of future investment schemes operating in this manner. The FCA has banned the mass marketing of speculative mini-bonds, which means firms with similar business models to HSG can no longer market their mini-bonds to ordinary retail investors. Furthermore, the forthcoming public offers and admission to trading regime will bring the issuance of non-transferable debt securities, such as minibonds, within the scope of regulation. That new regime will come into force in January 2026. With respect to any discussions between the Government, regulators and the banking sector, Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at the link below. https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

What assessment her Department has made of the potential financial impact on long-distance commuters and early adopters of electric vehicles of the decision to apply standard rates of vehicle excise duty to electric vehicles from 2025, and to increase those rates further from 2028.

From April 2025, zero emission and hybrid cars, vans and motorcycles started to pay Vehicle Excise Duty (VED) in a similar way to petrol and diesel vehicles; the standard annual rate is £195. As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs (electric vehicles) contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty. While it is fair for EV drivers to contribute for their car usage, the government is also committed to ensuring that driving an EV is an attractive choice for consumers. Therefore, the rate of eVED for EVs will be half of the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that it will still be cheaper to own and run an EV for the majority of EV drivers. When eVED takes effect in April 2028, an average EV driver will pay around £240 per year or £20 per month. The Government is taking a proportionate approach to ensuring electric car drivers pay an appropriate share whilst remaining firmly committed to supporting the transitions to EVs. That is why 80% of eVED revenue from the first three years is being reinvested to extend support for EVs and the auto manufacturing industry. This builds on existing generous support, including Company Car Tax incentives.

What steps she plans to take to ensure that future changes to vehicle taxation do not discourage the take-up of electric vehicles or disproportionately impact workers who rely on long-distance commuting.

From April 2025, zero emission and hybrid cars, vans and motorcycles started to pay Vehicle Excise Duty (VED) in a similar way to petrol and diesel vehicles; the standard annual rate is £195. As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs (electric vehicles) contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty. While it is fair for EV drivers to contribute for their car usage, the government is also committed to ensuring that driving an EV is an attractive choice for consumers. Therefore, the rate of eVED for EVs will be half of the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that it will still be cheaper to own and run an EV for the majority of EV drivers. When eVED takes effect in April 2028, an average EV driver will pay around £240 per year or £20 per month. The Government is taking a proportionate approach to ensuring electric car drivers pay an appropriate share whilst remaining firmly committed to supporting the transitions to EVs. That is why 80% of eVED revenue from the first three years is being reinvested to extend support for EVs and the auto manufacturing industry. This builds on existing generous support, including Company Car Tax incentives.

Whether her Department is taking steps to help ensure that financial services firms offer alternatives to mobile phone authentication for customers who cannot use such technology.

The Government recognises the importance of ensuring people can access the financial products and services they need. The Government is committed to ensuring high standards of financial inclusion across the financial services sector. The Payment Services Regulations 2017 require firms to apply strong customer authentication when users access their payment account online, initiate an electronic payment or carry out any action through a remote channel (e.g. via the internet) which may carry a risk of payment fraud, unless an exemption applies (e.g. for low-value purchases). Firms are able to choose which methods of authentication they apply. The Financial Conduct Authority (FCA), which is independent of the Government, issues detailed standards for firms on strong customer authentication. The FCA expects firms to develop strong customer authentication solutions that work for all groups of consumers, including those with protected characteristics. This means it may be necessary for firms to provide different methods of authentication, for example when customers face difficulties accessing or using a mobile device. The FCA also requires authorised financial services firms to comply with their ‘Consumer Duty’, which requires them to deliver good outcomes for retail customers. The Consumer Duty has rules and guidance covering key aspects of the firm-customer relationship. For example, it requires firms to ensure that the design of the product or service meets the needs, characteristics and objectives of their target consumer market. More detail on the Consumer Duty can be found on the FCA’s website: https://www.fca.org.uk/firms/consumer-duty It is important that people are able to take advantage of digital innovation, and the opportunities this presents, to manage their money more effectively. This is why the issues of access to banking and digital inclusion have been considered as key areas of focus in the Government's recently published Financial Inclusion Strategy.

What estimate the Financial Conduct Authority has made of the number of consumers who have reported difficulty accessing financial services due to mandatory mobile phone authentication.

The Government recognises the importance of ensuring people can access the financial products and services they need. The Government is committed to ensuring high standards of financial inclusion across the financial services sector. The Payment Services Regulations 2017 require firms to apply strong customer authentication when users access their payment account online, initiate an electronic payment or carry out any action through a remote channel (e.g. via the internet) which may carry a risk of payment fraud, unless an exemption applies (e.g. for low-value purchases). Firms are able to choose which methods of authentication they apply. The Financial Conduct Authority (FCA), which is independent of the Government, issues detailed standards for firms on strong customer authentication. The FCA expects firms to develop strong customer authentication solutions that work for all groups of consumers, including those with protected characteristics. This means it may be necessary for firms to provide different methods of authentication, for example when customers face difficulties accessing or using a mobile device. The FCA also requires authorised financial services firms to comply with their ‘Consumer Duty’, which requires them to deliver good outcomes for retail customers. The Consumer Duty has rules and guidance covering key aspects of the firm-customer relationship. For example, it requires firms to ensure that the design of the product or service meets the needs, characteristics and objectives of their target consumer market. More detail on the Consumer Duty can be found on the FCA’s website: https://www.fca.org.uk/firms/consumer-duty It is important that people are able to take advantage of digital innovation, and the opportunities this presents, to manage their money more effectively. This is why the issues of access to banking and digital inclusion have been considered as key areas of focus in the Government's recently published Financial Inclusion Strategy.

What assessment her Department has made of the potential impact of financial services firms requiring mobile phone-based authentication as a condition of accessing online accounts on (a) disabled and (b) elderly consumers; and whether she has had discussions with the Financial Conduct Authority about ensuring alternatives are made available.

The Government recognises the importance of ensuring people can access the financial products and services they need. The Government is committed to ensuring high standards of financial inclusion across the financial services sector. The Payment Services Regulations 2017 require firms to apply strong customer authentication when users access their payment account online, initiate an electronic payment or carry out any action through a remote channel (e.g. via the internet) which may carry a risk of payment fraud, unless an exemption applies (e.g. for low-value purchases). Firms are able to choose which methods of authentication they apply. The Financial Conduct Authority (FCA), which is independent of the Government, issues detailed standards for firms on strong customer authentication. The FCA expects firms to develop strong customer authentication solutions that work for all groups of consumers, including those with protected characteristics. This means it may be necessary for firms to provide different methods of authentication, for example when customers face difficulties accessing or using a mobile device. The FCA also requires authorised financial services firms to comply with their ‘Consumer Duty’, which requires them to deliver good outcomes for retail customers. The Consumer Duty has rules and guidance covering key aspects of the firm-customer relationship. For example, it requires firms to ensure that the design of the product or service meets the needs, characteristics and objectives of their target consumer market. More detail on the Consumer Duty can be found on the FCA’s website: https://www.fca.org.uk/firms/consumer-duty It is important that people are able to take advantage of digital innovation, and the opportunities this presents, to manage their money more effectively. This is why the issues of access to banking and digital inclusion have been considered as key areas of focus in the Government's recently published Financial Inclusion Strategy.

With reference to the Autumn Budget 2025, which tax reliefs for Motability and other qualifying schemes she plans to (a) withdraw and (b) amend; and what assessment her Department has made of the potential impact of those changes on scheme affordability and access to transport for disabled people, particularly in rural areas.

At Budget 2025 the government announced tax changes to the Motability scheme which will save over £1 billion over the next five years.The VAT relief for top-up payments made to lease more expensive vehicles will be removed for new leases from July 2026, and Insurance Premium Tax will apply at the standard rate to insurance contracts on the Scheme. The tax changes will not apply to vehicles designed, or substantially and permanently adapted, for wheelchair or stretcher users.These tax changes ensure Motability can continue to deliver for its customers, for example through the continued provision of a broad range of vehicle models available without any top-up payments. Further detail on the impacts of tax changes can be found in the Tax Impact and Information Note on GOV.UK Motability Scheme: reforming tax reliefs - GOV.UK.

Whether she plans to maintain levels of VAT relief available on vehicles purchased by disabled people through the Motability scheme.

The Government keeps all taxes under review, and the Chancellor makes decisions on tax policy at fiscal events in the context of the overall public finances.