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1136092
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Personal Savings more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What steps he is taking to increase incentives for people to save. more like this
star this property tabling member constituency New Forest West more like this
star this property tabling member printed
Sir Desmond Swayne more like this
star this property uin 911692 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The Government has introduced a range of measures to support savers.</p><p>We have increased the amount of money that people can save into their ISAs each year to a record £20,000 and introduced a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers.</p><p>Thanks to these measures, over 95% of people with savings income pay no tax on that income.</p><p> </p><p>The new Help to Save scheme is supporting working families on low incomes to build up a rainy-day fund by offering a 50% bonus on up to £50 of monthly saving.</p> more like this
unstar this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:13:36.56Zmore like thismore than 2019-07-02T14:13:36.56Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
55
star this property label Biography information for Sir Desmond Swayne more like this
1136090
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Situation more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What recent assessment his Department has made of the short-term economic effect of the UK leaving the EU without a deal. more like this
star this property tabling member constituency Bethnal Green and Bow more like this
star this property tabling member printed
Rushanara Ali more like this
star this property uin 911690 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The Government has prepared extensively for a range of Brexit scenarios.</p><p> </p><p>But even with these preparations, leaving with “No Deal” would entail significant disruption in the short term. And in the long-term, the government’s analysis shows clearly that regions, nations and sectors of the UK would have lower economic output compared to today’s arrangements.</p><p> </p> more like this
unstar this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:11:29.8Zmore like thismore than 2019-07-02T14:11:29.8Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
4138
star this property label Biography information for Rushanara Ali more like this
1136091
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Growth and Employment more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What fiscal steps he is taking to increase (a) jobs and (b) economic growth. more like this
star this property tabling member constituency Southampton, Itchen more like this
star this property tabling member printed
Royston Smith more like this
star this property uin 911691 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>We have worked hard to build a stronger, fairer economy – dealing with the deficit, helping people into work, and cutting taxes for people, families, and businesses.</p><p> </p><p>The economy has grown continuously for the past nine years, employment is currently at a record high, unemployment is currently at the joint lowest rate since 1975, and real wages are rising.</p> more like this
unstar this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-07-02T15:23:45.697Zmore like thismore than 2019-07-02T15:23:45.697Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property tabling member
4478
star this property label Biography information for Royston Smith more like this
1136093
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Digital Technology more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What fiscal steps he is taking to grow the digital economy. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 911693 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The UK's digital economy is thriving - growing ten times as fast as the wider economy - and we are pursuing a range of measures to reinforce its world-leading position. These include:</p><ul><li>Implementing a 10-year action plan to unlock over £20 billion to finance growth in innovative firms;</li><li>Committing a further £7 billion for research and development since 2016, with major investments in artificial intelligence and quantum technologies; and</li><li>Providing internationally competitive research and development tax reliefs to support investment.</li></ul><p>We are also embracing the opportunities presented by Distributed Ledger Technologies, including by:</p><ul><li>Investing over £10 million through Innovate UK and the research councils; and</li><li>Creating the £20 million GovTech Catalyst Fund, to explore technology-based solutions for public sector challenges.</li></ul> more like this
unstar this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-07-02T15:33:01.993Zmore like thismore than 2019-07-02T15:33:01.993Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property tabling member
4635
star this property label Biography information for Eddie Hughes more like this
1136089
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Expenditure more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What estimate he has made of the cost to the public purse of the proposals announced by the Prime Minister since 23 May 2019. more like this
star this property tabling member constituency Kingston upon Hull North more like this
star this property tabling member printed
Diana Johnson more like this
star this property uin 911689 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The Prime Minister has made a number of announcements since 23 May, including on modern slavery and mental health. Where announcements have additional costs in 2019/20, they will be funded from existing departmental budgets.</p> more like this
unstar this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-07-02T12:45:19.793Zmore like thismore than 2019-07-02T12:45:19.793Z
star this property answering member
4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
1533
star this property label Biography information for Diana Johnson more like this
1132569
star this property registered interest false more like this
star this property date less than 2019-06-17more like thismore than 2019-06-17
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Sector: Procurement more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Chief Secretary to the Treasury to the House of Lords Economic Affairs Committee of 4 June 2019, what selection process will be used by his Department to identify the (a) delivery experts and (b) panel of economist that will provide advice in relation to the zero-based review of capital; and if will he publish the investment appraisal technique that will be used to compare projects as part of that review. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown more like this
star this property uin 265554 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-20more like thismore than 2019-06-20
star this property answer text <p>The Treasury will conduct a zero-based review of capital at the next Spending Review. It will include an assessment panel of Chief Economists from across government departments, who will provide technical assistance and expertise to Treasury officials scrutinising capital spending bids. These top economists will bring significant experience and expertise in appraising investment in many different sectors, covering economic and social infrastructure. Investment appraisal will be conducted in line with the Treasury’s Green Book which is published online. The panel will also draw on the IPA, and functional expertise built up since 2015.</p><p> </p><p>The assessment panel will be formed ahead of the Spending Review.</p> more like this
unstar this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-06-20T13:33:51.62Zmore like thismore than 2019-06-20T13:33:51.62Z
star this property answering member
4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
4470
star this property label Biography information for Alan Brown more like this
1136299
star this property registered interest false more like this
star this property date less than 2019-07-02more like thismore than 2019-07-02
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Offshore Industry: Taxation more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Written Statement of 21 March 2019 on Decommissioning Relief Deeds, HCWS1435, what the name is of the oil company that defaulted on its decommissioning obligations causing the Government to make two payments totaling £45.4 million in 2017-18; what the circumstances were of that default; and if he will place in the Library a copy of the evidential basis for calculating the provision of £357.1 million for future defaults. more like this
star this property tabling member constituency Norwich South more like this
star this property tabling member printed
Clive Lewis more like this
star this property uin 272255 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-08more like thismore than 2019-07-08
star this property answer text <p>HM Treasury’s 2018-19 accounts recognise a provision of £357m payable to MCX Dunlin and MCX Osprey in respect of decommissioning expenditure in relation to the Dunlin cluster of fields, created as a result of Fairfield Energy defaulting on their decommissioning obligations. The decision to decommission the Dunlin cluster was a commercial decision made by Fairfield Energy, MCX Dunlin and MCX Osprey after reaching agreement with the Oil and Gas Authority that maximised economic recovery had been achieved for these assets.</p><p> </p><p>The provision is based on the tax relief due on the estimated remaining costs of decommissioning the defaulted fields, discounted for the time value of money.</p> more like this
unstar this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-07-08T16:45:50.747Zmore like thismore than 2019-07-08T16:45:50.747Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property tabling member
4500
star this property label Biography information for Clive Lewis more like this
1133004
star this property registered interest false more like this
star this property date less than 2019-06-18more like thismore than 2019-06-18
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Situation more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the IPPR report Measuring the benefits of integration: The value of tackling skills underutilisation, published 18 June 2019, what assessment he has made of the effect on the economy of migrants employed in positions for which they are overqualified. more like this
star this property tabling member constituency Vale of Clwyd more like this
star this property tabling member printed
Chris Ruane more like this
star this property uin 266101 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-24more like thismore than 2019-06-24
star this property answer text <p>The Treasury has not conducted analysis on the specific question of overqualification of migrants.</p><p> </p><p>The future immigration system will support the UK economy to access the talent it needs. The Government has initiated an extensive programme of engagement to capture views, and ensure that we design a future system that works for the whole of the UK.</p> more like this
unstar this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-06-24T10:09:00.517Zmore like thismore than 2019-06-24T10:09:00.517Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property tabling member
534
star this property label Biography information for Chris Ruane more like this
1140616
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for banking, insurance and other financial services in the event that the UK leaves the EU without a deal have been implemented. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Chuka Umunna more like this
star this property uin 279465 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-24more like thismore than 2019-07-24
star this property answer text <p>The Government has done the necessary work to make sure that we continue to have a stable and functioning financial services regime at the point of leaving the EU in a no deal scenario.</p><p> </p><p>The Government has delivered a programme of legislation under the EU Withdrawal Act in order to provide continuity for UK citizens and businesses and to ensure the UK regulatory regime can function effectively outside of the EU.</p><p> </p><p>This legislation includes temporary permissions for EEA firms currently passporting into the EU, and temporary permissions to allow UK firms to continue using Central Counterparties (CCPs) and Central Securities Depositories (CSDs) in the EEA. It also includes a transitional power for regulators to phase in post-exit regulatory requirements for firms where they have changed as a result of the UK leaving the EU.</p><p> </p><p>Following the six-month Article 50 extension, new EU financial services legislation will become applicable between now and 31 October 2019 and will therefore form part of UK law on exit day. We are laying further Statutory Instruments under the EU Withdrawal Act to ensure this new legislation is workable in the UK at exit.</p><p> </p><p>However, it should be noted that the UK authorities are not able through unilateral action to fully address all the risks. For example, the risks to EEA customers of UK firms currently providing services into the EEA using the financial services passport also require action from the EU or individual member states.</p><p> </p><p>We therefore welcome the steps taken by the EU and some individual member states to mitigate some of the risks. This includes: the EU’s temporary equivalence and recognition for UK CCPs and CSDs; ESMA’s decision to approve Memoranda of Understanding (MoUs) that include provisions to allow cross-border delegation of portfolio management between the UK and the EEA; and EIOPA recommendations which call on relevant member state regulators to put in place measures which aim to minimise detriment to insurance policyholders.</p><p> </p><p>As a result of all these actions, the Bank of England’s Financial Policy Committee said in its Financial Stability Report (July 2019): ‘Most risks to UK financial stability from disruption to cross-border financial services in a no-deal Brexit have been mitigated.’ But they also note that ‘in the absence of further action by EU authorities, some disruption to cross-border financial services is possible.’</p>
unstar this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-24T10:57:17.66Zmore like thismore than 2019-07-24T10:57:17.66Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
4128
star this property label Biography information for Chuka Umunna more like this
1140617
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading VAT: Business more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for VAT for businesses in the event that the UK leaves the EU without a deal have been implemented. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Chuka Umunna more like this
star this property uin 279466 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thismore than 2019-07-23
star this property answer text <p>As a responsible government, the Government has been preparing plans to minimise any disruption in the event of no deal for nearly three years.</p><p> </p><p>HM Revenue and Customs and HM Treasury are aware of the VAT policies that need to be delivered for exit day and the Government remains confident that all required SIs will be brought forward in good time.</p><p> </p><p>In light of the extension that has now been agreed, departments continue to advance their ‘no deal’ preparations and are making sensible adjustments on the timing and pace at which certain work is progressing, so that the Government is ready to implement necessary work in the lead-up to 31 October if needed.</p> more like this
unstar this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property question first answered
less than 2019-07-23T16:09:01.903Zmore like thismore than 2019-07-23T16:09:01.903Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
star this property tabling member
4128
star this property label Biography information for Chuka Umunna more like this