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1547362

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inflation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions his Department has had with the Bank of England on meeting the two per cent inflation target.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100906
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100907 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1547363

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Monetary Policy: Inflation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of quantitative easing on the rate of inflation.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100907
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1547364

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank of England: Monetary Policy
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to undertake a review of the autonomy of the Bank of England on monetary policy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100908
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100907 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1564398

	registered interest
	date	06/01/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Incentives
	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 uncapping bankers bonuses on tax revenue.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	117493
	answer	answer is ministerial correction date of answer 11/01/2023 answer text <p>The removal of the banker’s bonus cap is a rule change being proposed by the independent Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). As such HM Treasury has not assessed the impact of removing this cap on tax revenue.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/01/2023 15:56:53 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1599516

	registered interest
	date	27/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Securities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of UK gilts are held by (a) foreign central banks and (b) banks located in the People's Republic of China as of 27 February 2023.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	153714
	answer	answer is ministerial correction date of answer 06/03/2023 answer text <p>The gilt market is deep and liquid and is supported by a generally well-diversified investor base, including domestic and foreign investors.</p><p> </p><p>The Office for National Statistics (ONS) publishes data on the broad breakdowns of the underlying owners of UK government debt as part of the UK Economic Accounts, published quarterly. The ONS, however, does not provide a domicile breakdown of where UK debt is held overseas, so it is not possible to observe the specific amount of gilt holdings by sub-groups of overseas investors.</p><p> </p><p>The latest available ONS data can be found here:</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ons.gov.uk%2Feconomy%2Fnationalaccounts%2Fuksectoraccounts%2Fdatasets%2Funitedkingdomeconomicaccountssectorgeneralgovernment&amp;data=05%7C01%7CSanjana.Gopy%40hmtreasury.gov.uk%7Ca7c8cf8c57f04689616908db199bd80a%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638131929348550591%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=pDVpSN%2BhH3uExuwhtFNPag%2Fon8vsEFY7zxgBeBhgRSA%3D&amp;reserved=0" target="_blank">https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/datasets/unitedkingdomeconomicaccountssectorgeneralgovernment</a>.</p><p> </p><p>More generally, gilts are largely held in nominee accounts and holdings of underlying beneficial owners are therefore not identifiable.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/03/2023 11:53:42 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1565041

	registered interest
	date	09/01/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Imports: Norfolk Island
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much (a) rough wood, (b) sowing seeds, (c) instructional models, (d) cheese and (e) scrap aluminium the UK has imported from Norfolk Island in the last five years.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	118850
	answer	answer is ministerial correction date of answer 17/01/2023 answer text <p>We have no record of any of the goods in question being imported into the UK from Norfolk Island in the last five years.</p><p> </p><p>HM Revenue &amp; Customs (HMRC) is responsible for the collection and publication of data on imports and exports of goods to and from the UK. HMRC releases this information monthly, as a National Statistic called the Overseas Trade in Goods Statistics (OTS), which is available via their dedicated website (<a href="http://www.uktradeinfo.com/" target="_blank">www.uktradeinfo.com</a>). From this website, it is possible to <a href="https://www.uktradeinfo.com/trade-data/ots-custom-table/?id=fe2418fe-ac77-4e16-9cbd-e7fa8a8500a2" target="_blank">build your own data tables</a> based upon bespoke search criteria.</p><p> </p><p>Classification codes (according to the Harmonised System) are available to assist you in accessing published trade statistics data in the <a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.trade-tariff.service.gov.uk%2Ffind_commodity&amp;data=05%7C01%7Csatvinder.juttla%40hmrc.gov.uk%7Cf85b0affff7d4eb4d24d08da66647d43%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C637934879020297580%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=vtKkPxaYiHQ1KzPfEdV3WT%2BRO72MerTilg9zbPIH6eY%3D&amp;reserved=0" target="_blank">UK Global Tariff.</a> Goods moving to and from the UK are identified by an eight-digit commodity code. These are publicly available from the UK Trade Tariff at <a href="http://www.gov.uk/trade-tariff" target="_blank">www.gov.uk/trade-tariff</a>.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 17/01/2023 14:47:27 answering member 4399 label Biography information for Victoria Atkins
	tabling member	1447 label Biography information for Andrew Rosindell