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1700274

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what (a) fiscal and (b) economic conditions have to be met for defence spending to be raised to 2.5% of Gross Domestic Product.
tabling member constituency	Wells
tabling member printed	James Heappey
uin	21171
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>The government’s aspiration is to invest 2.5% of GDP on defence, when the fiscal and economic circumstances allow. The Prime Minister has been clear that the target and path towards 2.5% will be set out at the next Spending Review.</p><p>The government has consistently prioritised defence spending. The Ministry of Defence was the first department to get certainty on its budgets in this Parliament. This settlement was the largest sustained spending increase in defence since the end of the Cold War, with a £24 billion uplift in cash terms over the four-year period. In March 2023, we also provided an extra £11 billion for defence and national security priorities over the next five years, with £4.95 billion over the next two years.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 17/04/2024 10:54:11 answering member 4780 label Biography information for Laura Trott
tabling member	4528 label Biography information for James Heappey

1700413

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on improving the effectiveness of money laundering regulations.
tabling member constituency	Mid Bedfordshire
tabling member printed	Alistair Strathern
uin	21300
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Officials and Ministers regularly meet the Financial Conduct Authority in its capacity as the supervisor of financial institutions for anti-money laundering and counter-terrorist financing purposes.</p><p> </p><p>On 11 March 2024 HM Treasury launched a consultation on improving the effectiveness of the Money Laundering Regulations (<a href="https://www.gov.uk/government/consultations/improving-the-effectiveness-of-the-money-laundering-regulations" target="_blank">https://www.gov.uk/government/consultations/improving-the-effectiveness-of-the-money-laundering-regulations</a>).</p><p> </p><p>HM Treasury officials will be engaging with key stakeholders, including among others the FCA, throughout the consultation process.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 10:43:36 answering member 4639 label Biography information for Bim Afolami
tabling member	5000 label Biography information for Alistair Strathern

1700539

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Childcare: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing the childcare tax free cap.
tabling member constituency	Belfast South
tabling member printed	Claire Hanna
uin	21426
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Tax-Free Childcare provides financial support for working parents with their childcare costs. For every £8 parents pay into their childcare account, the Government adds £2 up to a maximum of £2,000 in top up per year for each child up to age 11 and up to £4,000 per disabled child until they’re 17.</p><p> </p><p>The Government recognizes the importance of supporting parents with the costs of childcare and continues to support families with a range of other childcare offers, including the free hours offer, and support through Universal Credit childcare.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 17/04/2024 13:07:51 answering member 4780 label Biography information for Laura Trott
tabling member	4827 label Biography information for Claire Hanna

1698871

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Emissions Trading Scheme: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much his Department received in Emissions Trading Scheme fees from (a) Belfast International, (b) Belfast City and (c) Londonderry airport in the financial year 2022/23.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	20551
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>Belfast International, Belfast City and Londonderry airports are not covered by the UK Emissions Trading Scheme and therefore do not contribute to Emission Trading Scheme revenue.</p><p><strong> </strong></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 15/04/2024 08:33:34 answering member 4850 label Biography information for Gareth Davies
tabling member	1409 label Biography information for Mr Gregory Campbell

1698873

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tourism: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of re-introducing tax-free shopping for international visitors on retail businesses.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	20557
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>The government published its next steps on tax-free shopping in the Spring Budget 2024 which is available here: https://www.gov.uk/government/publications/spring-budget-2024/spring-budget-2024-html.</p><p> </p><p>The OBR published a review of the original 2020 costing of the withdrawal of tax-free shopping in the Economic and Fiscal Outlook on 6 March, with a follow up supplementary document published on 11 March, which is available here: https://obr.uk/docs/dlm_uploads/VAT-RES-costing-review.pdf.</p><p>The government welcomes further submissions in response to the OBR’s findings.</p><p><strong> </strong></p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 17/04/2024 08:53:46 answering member 4407 label Biography information for Nigel Huddleston
tabling member	1447 label Biography information for Andrew Rosindell

1698975

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of his Department's staff are seconded to the Asian Infrastructure Investment Bank and for what purpose.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20494
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>HM Treasury pursues secondments with a wide range of partners to represent the Treasury, deepen our exchange with other institutions whilst also honing the skills and experience of our staff beyond the Civil Service environment.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 14:26:06 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698976

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what funding the UK has committed to the Asian Infrastructure Investment Bank since becoming a member.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20495
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Details on UK funding committed to the Asian Infrastructure Investment Bank (AIIB) can be found in the <a href="https://www.legislation.gov.uk/ukdsi/2015/9780111138960" target="_blank">AIIB Capital Order 2015</a> and in the <a href="https://www.gov.uk/government/publications/asian-infrastructure-investment-bank-aiib-special-fund" target="_blank">published guidance relating to the AIIB Project Preparation Special Fund.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 08:57:24 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698978

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the (a) financial and (b) political (i) benefits and (ii) disadvantages of membership of the Asian Infrastructure Investment Bank.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20496
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The Asian Infrastructure Investment Bank (AIIB) is an established multilateral development bank (MDB) with a membership of 109 countries worldwide.</p><p>The benefits of the UK's membership of the AIIB were set out when the government <a href="https://www.gov.uk/government/news/uk-announces-plans-to-join-asian-infrastructure-investment-bank" target="_blank">announced its intention for the UK to join the AIIB</a> and in <a href="https://hansard.parliament.uk/commons/2015-10-19/debates/38666024-f411-47c2-a905-96ea04ca1fa8/DraftAsianInfrastructureInvestmentBank(InitialCapitalContribution)Order2015" target="_blank">presenting the Draft AIIB (Initial Capital Contribution) Order 2015 for agreement by the House of Commons.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:25:18 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698979

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of the use of different economic forecasts by (a) the Bank of England and (b) the OBR on (i) monetary and (ii) fiscal decisions.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	20676
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England, so the government rightly does not comment on the conduct of monetary policy. The MPC publishes its forecasts on a quarterly basis to inform its monetary policy decisions.</p><p>The Office for Budget Responsibility (OBR) is the UK government’s independent official forecaster and publishes economic and fiscal forecasts at least twice per year alongside fiscal events. The OBR provides independence, transparency and credibility via its assessment of the economic and fiscal position and as the official forecaster it is right that it is the basis for government fiscal policy decisions.</p><p>The MPC and the OBR have different responsibilities, so it is right that they produce their own forecasts. The MPC’s forecasts reflect policy announced by the government and fiscal assumptions from the OBR and HM Treasury.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 09:08:05 answering member 4639 label Biography information for Bim Afolami
tabling member	4467 label Biography information for Drew Hendry

1698981

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to tackle the threat of use by the Chinese authorities of UK membership of the Asian Infrastructure Investment Ban to access UK data.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20497
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>We are actively monitoring threats to UK data and will not hesitate to take further action if necessary to protect our national security.</p><p>Data can be exploited by those seeking to counter UK interests and we are taking action to secure our data. As set out in the Integrated Review Refresh 2023, this includes considering new levers to prevent hostile actors accessing our data.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:28:02 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton