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1108728

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Scotland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions (a) Ministers and (b) officials of his Department have had with the Scottish Government on borrowing limits for the proposed Scottish National Investment Bank.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	239253
	answer	answer is ministerial correction date of answer 04/04/2019 answer text <p>Treasury ministers and officials have regular discussions with our counterparts in the Scottish Government on matters of importance to Scotland and the wider UK, including the Scottish Government’s plans to establish a Scottish National Investment Bank.</p><p> </p><p>The Scottish Government’s new fiscal framework was agreed in December 2016, including increased borrowing powers and a larger Scotland Reserve. It is for the Scottish Government to decide how to use these flexibilities to support the Scottish National Investment Bank.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 239254 question first answered 04/04/2019 12:49:38 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4357 label Biography information for Kirsty Blackman

1108729

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Scotland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department has taken to support the Scottish Government in establishing the Scottish National Investment Bank.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	239254
	answer	answer is ministerial correction date of answer 04/04/2019 answer text <p>Treasury ministers and officials have regular discussions with our counterparts in the Scottish Government on matters of importance to Scotland and the wider UK, including the Scottish Government’s plans to establish a Scottish National Investment Bank.</p><p> </p><p>The Scottish Government’s new fiscal framework was agreed in December 2016, including increased borrowing powers and a larger Scotland Reserve. It is for the Scottish Government to decide how to use these flexibilities to support the Scottish National Investment Bank.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 239253 question first answered 04/04/2019 12:49:38 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4357 label Biography information for Kirsty Blackman

1108731

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Borrowing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, which (a) UK Government, (b) devolved and (c) local authority agencies have powers to defer borrowing from one year to the next.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	239255
	answer	answer is ministerial correction date of answer 04/04/2019 answer text <p>The ability to borrow direct from markets is highly restricted in government. Government borrowings are largely made up of gilts held by the National loans fund, National savings and Investment products held by the National loans fund and Treasury bills held by the Debt Management Account. This is managed by the debt management office , who publish an annual Debt management report to provide transparency on debt financing.</p><p> </p><p>Managing Public Money (paragraph 5.8, 5.9 and Annex 5.5) set out the rules for central government bodies in respect of borrowing. Treasury approval for borrowing from the National Loans Fund requires Treasury consent and specific legal powers (MPM 5.8.1). External borrowing also requires Treasury approval (MPM 5.9.1). Loan guarantees require provisions in estimates, specific statutory powers and Treasury approval.</p><p> </p><p>Local authorities are responsible for managing their own borrowing plans. Local authorities are not supposed to knowingly borrow in advance of need.</p><p> </p><p>The borrowing caps for the Scottish and Welsh Governments are set out in the respective fiscal framework documents while the borrowing cap for the Northern Ireland Executive is agreed with the Chief Secretary as part of spending review negotiations. The devolved administrations do not have the flexibility to defer borrowing from one year to the next.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/04/2019 12:35:27 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4357 label Biography information for Kirsty Blackman

1108781

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Parents: Education
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Government commitment to take a cross-departmental approach to supporting children in the early years, if he will invest in evidence-based parenting support in the forthcoming Spending Review.
	tabling member constituency	Stockton South
	tabling member printed	Dr Paul Williams
	uin	239313
	answer	answer is ministerial correction date of answer 04/04/2019 answer text <p>All further decisions on public spending will be taken at the Spending Review this year, when the Chancellor will set out his approach for the future and will ensure that policy issues are considered across departmental boundaries.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/04/2019 12:37:29 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4666 label Biography information for Dr Paul Williams