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911228

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated value for money assessment guidance on private finance initiatives.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	147965
answer	answer is ministerial correction date of answer 08/06/2018 answer text <p>Updated guidance was provided in HM Treasury’s Green Book which was published on 6 March 2018.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 147787 question first answered 08/06/2018 09:47:05 answering member 4320 label Biography information for Robert Jenrick
tabling member	4657 label Biography information for Anneliese Dodds

911278

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated value for money assessment guidance on private finance initiatives.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147787
answer	answer is ministerial correction date of answer 08/06/2018 answer text <p>Updated guidance was provided in HM Treasury’s Green Book which was published on 6 March 2018.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 147965 question first answered 08/06/2018 09:47:05 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911279

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated data on private finance initiative projects on his Department's website.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147788
answer	answer is ministerial correction date of answer 08/06/2018 answer text <p>Updated data on PFI and PF2 projects was published on 29 March 2018.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/06/2018 09:41:41 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911280

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the news item on UK PFI and PPP equity offshoring and tax avoidance published by the European Services Strategy Unit, if his Department will make an assessment of the implications for his Department's policies of that Unit's findings that almost half of all private finance initiative projects are majority owned by nine offshore infrastructure funds.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147789
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>As is normal practice, the government does not comment on taxpayer-specific cases. UK resident PFI contractors, facilities management services and fund management companies, regardless of their shareholders’ registered jurisdiction, will be charged UK corporation tax on profits earned within the UK.</p><p> </p><p>The government is clear that everyone must pay their fair share, and has taken significant steps domestically and internationally to ensure companies pay the right amount of tax.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2018 09:19:05 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911281

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the report entitled PFI and PF2, published by the National Audit Office on 17 January 2018, what assessment his Department has made of the implications for his Department's policies of that report's findings that PF2 costs are around 40 per cent higher than similar projects financed by government borrowing; and if he will make a statement.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147790
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p> </p><p>We have also improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts.</p><p> </p><p>The Treasury Green Book is clear that, to compare the costs and benefits that occur at different times between different projects, a discount rate must be applied to the cashflows. This is standard practice in all economic appraisals as it provides a Net Present Cost for the different projects, which enables a proper comparison of the costs and benefits occurring at different times on a consistent basis.</p><p> </p><p>The NAO report’s finding that PF2 costs are around 40 per cent higher than similar projects financed by government borrowing is based on undiscounted cashflows and has not followed the Green Book guidance. It is not, therefore, an appropriate comparison.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2018 09:13:20 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911284

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which private finance initiative contracts are being delivered by contractors that his Department deem to be high risk.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147791
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p>We have improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts. In 2012 we also reformed PFI to improve its transparency, and reduce procurement times, through the new PF2 model.</p><p>The Government continually monitors the financial health of all of its strategic suppliers, including those delivering PFI contracts.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2018 09:17:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911285

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Carillion: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the Forty-first report of the Public Accounts Committee, Government risk assessments relating to Carillion, published on 23 May 2018, HC 1045, when his Department first became aware of the Cabinet Office's responses to recommendations to give Carillion a high-risk rating two months before that company collapsed.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147792
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>The Cabinet Office leads on Strategic Supplier Risk Management, and undertakes regular assessments of suppliers. Following Carillion’s profits warning in July, the Treasury was part of the cross government working group, and were fully engaged in the contingency planning process.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2018 09:25:35 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911286

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Carillion: Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what meetings (a) he and (b) Ministers of his Department have held with the Cabinet Office on monitoring private finance Iinitiative contracts held by Carillion.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147793
answer	answer is ministerial correction date of answer 08/06/2018 answer text <p>In line with the practice of successive administrations, details of ministerial discussions are not normally disclosed.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/06/2018 09:43:48 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

911287

registered interest
date	24/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how his Department monitors private finance initiative contracts, including (a) strategic risk management policy, (b) financial control and (c) performance management.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	147794
answer	answer is ministerial correction date of answer 11/06/2018 answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p> </p><p>We have also improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts.</p><p> </p><p>The performance of PFI and PF2 contracts is monitored by the procuring authority. The government has published a range of advice on managing PFI and PF2 contracts, covering areas such as operational savings, refinancing and termination. HM Treasury assesses and responds to fiscal and financial risks as part of its ongoing business activities.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2018 09:16:16 answering member 4320 label Biography information for Robert Jenrick
tabling member	178 label Biography information for John McDonnell

910304

registered interest
date	23/05/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Wines: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made on the potential effect on (a) businesses and (b) levels of employment of increasing the duty paid on the dilution of wine and made-wine.
tabling member constituency	Ayr, Carrick and Cumnock
tabling member printed	Bill Grant
uin	147500
answer	answer is ministerial correction date of answer 08/06/2018 answer text <p>At Autumn Budget 2017, the government announced a review of the practice of diluting wine and made-wine after the excise duty has been accounted for. HMRC has invited views from representative bodies and affected businesses. Responses are currently being analysed and assessments of impact will be considered as part of the review process.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/06/2018 09:36:57 answering member 4320 label Biography information for Robert Jenrick
tabling member	4605 label Biography information for Bill Grant