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Payments Council Looks To Put Government Payments At Heart Of Its Future Plans

13 December 2012

The Payments Council’s vision of closer private and public sector collaboration to influence the future of payments has been endorsed by Government, following a joint conference looking at the evolution of government payments. 

David Gauke MP, Exchequer Secretary to the Treasury, and Lord Freud, Minister for Welfare Reform, joined Payments Council CEO Adrian Kamellard to discuss their common desire to see the UK’s payment systems evolve in line with the public interest. The Government is the single largest volume user of the UK’s payments systems and made more than 1 billion tax credit, state pension and state benefit payments to individuals through the UK’s payment schemes in 2011.

HM Revenue and Customs (HMRC) has already been working closely with the payments industry to support the efficient and successful roll-out of the Real Time Information (RTI) program. RTI will improve the operation of PAYE and is the biggest overhaul to the tax system since the Second World War. 

Discussions have also been taking place with the Department of Work and Pensions (DWP) over their introduction of Universal Credit. The efficient collection and matching of RTI data is a critical element of the improvements to the benefits system that are being made through the Universal Credit programme, which the Government is planning to roll-out from October 2013. 

Exchequer Secretary to the Treasury, David Gauke MP, said:

“The advent of new technology, particularly in the digital online world, has opened up fantastic opportunities to offer innovative ways of delivering traditional services. HMRC’s ongoing roll-out of PAYE Real Time Information will have immediate benefits for businesses and citizens.  The UK benefits from a world class payments infrastructure and the Payments Council is in an ideal position to spearhead this closer alliance between Government and the payments industry.”

Minister for Welfare Reform, Lord Freud, added:

“The UK’s payment systems are a key part of the infrastructure for UK plc, and our work with the payments industry is an integral part of progress towards implementing Universal Credit. We look forward to continuing a close working relationship with the Payments Council as we move towards implementation of Universal Credit next year and as UK payment technology advances.”

A key role for the Payments Council is to ensure that the national payments infrastructure is developed to meet UK customer needs, and to these ends it will work closely with Government through a new collaborative Government Co-ordination Committee (GCC).The aim of this senior forum will be to establish shared objectives and priorities and will provide a platform for closer inter-sector collaboration. These will then be mapped onto the Payments Council’s Roadmap, which will be the key strategic document for any change in the UK payments industry.

The Payments Roadmap will look ahead to develop a 2, 5 and 10 year work plan for payments in the UK. It will define areas where collaboration will foster innovation and where competition works best, influencing investment decisions in the payment infrastructure over the long-term.

Adrian Kamellard, Chief Executive Officer of the Payments Council said:

“The landscape for payments in the UK is changing dramatically and private and public sector collaboration will play a key role as a strategic driver for this change. By bringing our respective strengths to the table and engaging more effectively I’m confident that we should all be able to achieve more for less. The closer co-operation will also bring strategic benefits for the long-term, informing our Payments Roadmap and enabling better alignment between public policy and private sector investment decisions.”

ENDS 

For further information contact the Payments Council press office: 020 3217 8441/ 8251/ 6341/ 8368.
Email: press@paymentscouncil.org.uk
Twitter: @paymentscouncil

NOTES TO EDITORS

The Evolution of Government Payments: Realising the Future event was co-hosted by the Department for Work and Pensions with HM Revenue & Customs on 4 December 2012, supported by the Payments Council and the Government Banking Service.

About David Gauke

David Gauke was appointed Exchequer Secretary to the Treasury in May 2010. David has been the MP for Hertfordshire South West since May 2005. David’s responsibilities as Exchequer Secretary are: strategic oversight of the UK tax system including direct, indirect, business and personal taxation; corporate and small business taxation, with input from the Commercial Secretary; Departmental Minister for HM Revenue and Customs and the Valuation Office Agency; Lead Minister on European and international tax issues; and overall responsibility for the Finance Bill. 

About Lord Freud

David Freud is the Parliamentary Under Secretary of State (Lords) for the Department for Work and Pensions. He was appointed the shadow Minister for Welfare Reform in February 2009 and was  also a member of the Economic Recovery Council advising the Conservative leader, David Cameron from February 2009 to May 2010.  

Between January 2008 and February 2009 he acted as adviser on welfare reform to the UK Government. This followed publication of his independent report in March 2007 – “Reducing Dependency, Increasing Opportunity” on the Welfare to Work system.