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1700697

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to remarks by Baroness Vere of Norbiton on 21 February (HL Deb col 666) with regard to the Trade and Cooperation Agreement in the context of engaging with the EU for approval for extending the enterprise investment scheme (EIS) and venture capital trust (VCT) scheme, whether the subsidy control provisions of the Trade and Cooperation Agreement apply to EIS and VCT relief, in particular the requirement under Article 363 of that agreement that a subsidy must be selective.
	tabling member printed	Lord Leigh of Hurley
	uin	HL3766
	answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>The government is extending the sunset clause for the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme to 2035.</p><p>The UK-EU Trade and Cooperation Agreement is now the primary framework governing subsidy control between the UK and EU. As such, EU State aid rules no longer apply to the UK, save for the limited circumstances covered by the Windsor Framework.</p><p>For the EIS and VCT schemes, the government is engaging with the EU, under the Windsor Framework, due to Northern Ireland’s unique access to the EU Single Market.</p> answering member printed Baroness Vere of Norbiton question first answered 25/04/2024 10:33:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4295 label Biography information for Lord Leigh of Hurley

1563202

	registered interest
	date	20/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment with Cabinet colleagues of the impact of the UK-EU Trade and Cooperation Agreement on the economy.
	tabling member constituency	Ealing Central and Acton
	tabling member printed	Dr Rupa Huq
	uin	902897
	answer	answer is ministerial correction date of answer 20/12/2022 answer text <p>The Trade and Cooperation Agreement is the world’s biggest zero-tariff, zero-quota trade deal. This provides a strong base for UK businesses to trade with the EU.</p><p> </p><p>The Government is continuing to support businesses trading with the EU, as well as helping them seize new opportunities with fast-growing economies around the world through our Free Trade Agreement negotiations.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 20/12/2022 15:32:41 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4511 label Biography information for Dr Rupa Huq

1463388

	registered interest
	date	11/05/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential economic impact of a suspension of the UK-EU Trade and Cooperation Agreement.
	tabling member constituency	North Down
	tabling member printed	Stephen Farry
	uin	900069
	answer	answer is ministerial correction date of answer 17/05/2022 answer text <p>It is for the Office for Budget Responsibility to provide economic and fiscal forecasting.</p><p>The UK-EU Trade and Cooperation Agreement ensures that the UK has control of our laws, borders, money and fisheries, ending any role for the European Court.</p><p>The UK Government’s overriding priority has been, and continues to be, preserving peace and stability in Northern Ireland.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 17/05/2022 15:14:52 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4856 label Biography information for Stephen Farry

1366963

	registered interest
	date	08/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	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 impact on the economy of a potential partial suspension of the Trade and Co-operation Agreement by the EU in the event that the Government triggers Article 16 of the Northern Ireland Protocol.
	tabling member constituency	North Down
	tabling member printed	Stephen Farry
	uin	71518
	answer	answer is ministerial correction date of answer 19/11/2021 answer text <p>The Government remains in intensive discussions with the EU with the aim of delivering significant changes to the Northern Ireland Protocol, as set out in the Command Paper published in July.</p><p> </p><p>Our preference is to find a consensual solution that deals with the problems which exist. However, it is the responsibility of the UK Government to safeguard peace and prosperity in Northern Ireland, and if solutions cannot be found this could include using Article 16. The safeguards in Article 16 are designed to ease acute problems, not to cause or compound them.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 19/11/2021 14:37:27 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4856 label Biography information for Stephen Farry

1353149

	registered interest
	date	06/09/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the impact of the UK–EU Trade and Cooperation Agreement on (1) the value of financial assets, and (2) the number of financial services sector jobs in the UK.
	tabling member printed	Baroness Ritchie of Downpatrick
	uin	HL2451
	answer	answer is ministerial correction date of answer 16/09/2021 answer text <p>The UK-EU Trade and Cooperation Agreement gives legal certainty for financial services firms to the extent set out in both sides’ market access offers and generally in the services chapter and financial services sub-section. The Agreement will benefit financial services firms’ clients and the wider economy in which they operate.</p><p> </p><p>In January, the Governor of the Bank of England stated that between 5,000 and 7,000 jobs had moved due to Brexit. Over a million people are employed in UK financial services. ONS data shows that jobs in financial and insurance activities have increased from 1.27 million in June 2016 at the time of the referendum to 1.45 million in June 2021. We continue to work closely with the Bank of England and Financial Conduct Authority to monitor any relocation of financial services activity from the UK to the EU.</p><p> </p><p>In his Mansion House speech on 1 July, the Chancellor set out the government’s plans to make the UK the world’s most advanced and exciting financial services hub, to create prosperity at home and help the UK project its values on the global stage.</p> answering member printed Lord Agnew of Oulton question first answered 16/09/2021 14:28:36 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1341509

	registered interest
	date	28/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of the UK–EU Trade and Cooperation Agreement on the UK's economic performance.
	tabling member printed	Lord Jones of Cheltenham
	uin	HL1475
	answer	answer is ministerial correction date of answer 09/07/2021 answer text <p>The UK-EU Trade and Cooperation Agreement (TCA) is the first free trade agreement based on zero tariffs and zero quotas and the largest bilateral trade deal in the world, by volume of goods trade. Alongside the TCA’s other provisions, this helps businesses to continue to trade smoothly.</p><p> </p><p> </p><p>The Treasury does not prepare forecasts for the UK economy and public finances, as this is the duty of the independent Office for Budget Responsibility (OBR). The latest forecasts from the OBR were published alongside the Budget on 3 March 2021,<sup><sup>[1]</sup></sup> and include an assessment of the impact of EU exit.</p><p> </p><p><sup><sup>[1]</sup></sup> <a href="https://obr.uk/efo/economic-and-fiscal-outlook-march-2021/" target="_blank">https://obr.uk/efo/economic-and-fiscal-outlook-march-2021/</a></p> answering member printed Lord Agnew of Oulton question first answered 09/07/2021 13:42:42 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	248 label Biography information for Lord Jones of Cheltenham

1281656

	registered interest
	date	28/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	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 whether easements or forbearance are available to businesses as a result of the EU-UK Trade and Cooperation Agreement; and whether legal provisions have been communicated to businesses to prevent future prosecution as a result of non-compliance in the initial period following the publication of that Agreement.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	145129
	answer	answer is ministerial correction date of answer 02/02/2021 answer text <p>The Government has provided extensive guidance to traders to support them, including publishing the detailed Border Operating Model to help traders take the necessary steps. Recognising the impact of coronavirus on businesses’ ability to prepare, the UK Government has taken the decision to introduce the new border controls in three stages up until 1 July 2021. From 1 January to 30 June, traders when importing non-controlled EU goods to GB will have the option to make a declaration in their own records at the time of import followed by a supplementary declaration up to 175 days later, which provides traders and intermediaries with more time to prepare.</p><p> </p><p>While HMRC will penalise deliberate non-compliance, they will seek to support those who make genuine errors to get it right. HMRC are carrying out a range of activities to support and educate traders on their obligations during this period, and are promoting the keeping of good records, which will be crucial in minimising losses to error once supplementary declarations are made.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/02/2021 15:48:18 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1276353

	registered interest
	date	13/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to publish an impact assessment of the Trade and Cooperation Agreement each quarter for 2021, with reference to (a) sectors of the economy and (b) all regions and nations of the UK.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	137197
	answer	answer is ministerial correction date of answer 18/01/2021 answer text <p>The Government does not intend to produce an Impact Assessment. We have consistently said that it would be impossible for a single model, number or scenario to capture that complexity or represent the varying impacts that will be felt across different parts of the economy.</p><p> </p><p>The Government has secured a deal that will benefit families and businesses across the UK, we can now take full advantage of the opportunities available to us.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/01/2021 10:56:59 answering member 4051 label Biography information for John Glen
	tabling member	4058 label Biography information for Paul Blomfield