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1136092

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings
	house id	1
	legislature	25259 pref label House of Commons
	question text	What steps he is taking to increase incentives for people to save.
	tabling member constituency	New Forest West
	tabling member printed	Sir Desmond Swayne
	uin	911692
	answer	answer is ministerial correction date of answer 02/07/2019 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> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:13:36 answering member 4051 label Biography information for John Glen
	tabling member	55 label Biography information for Sir Desmond Swayne

1136090

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation
	house id	1
	legislature	25259 pref label House of Commons
	question text	What recent assessment his Department has made of the short-term economic effect of the UK leaving the EU without a deal.
	tabling member constituency	Bethnal Green and Bow
	tabling member printed	Rushanara Ali
	uin	911690
	answer	answer is ministerial correction date of answer 02/07/2019 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> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:11:29 answering member 4051 label Biography information for John Glen
	tabling member	4138 label Biography information for Rushanara Ali

1136091

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth and Employment
	house id	1
	legislature	25259 pref label House of Commons
	question text	What fiscal steps he is taking to increase (a) jobs and (b) economic growth.
	tabling member constituency	Southampton, Itchen
	tabling member printed	Royston Smith
	uin	911691
	answer	answer is ministerial correction date of answer 02/07/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 15:23:45 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4478 label Biography information for Royston Smith

1136093

	registered interest
	date	02/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Digital Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	What fiscal steps he is taking to grow the digital economy.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	911693
	answer	answer is ministerial correction date of answer 02/07/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 15:33:01 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4635 label Biography information for Eddie Hughes

1136089

	registered interest
	date	02/07/2019
	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	What estimate he has made of the cost to the public purse of the proposals announced by the Prime Minister since 23 May 2019.
	tabling member constituency	Kingston upon Hull North
	tabling member printed	Diana Johnson
	uin	911689
	answer	answer is ministerial correction date of answer 02/07/2019 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> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 02/07/2019 12:45:19 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1533 label Biography information for Dame Diana Johnson

1134106

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	268448
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:20:00 answering member 4051 label Biography information for John Glen
	tabling member	3928 label Biography information for Nick Smith

1134202

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Infrastructure
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government plans to publish its Infrastructure Strategy alongside the Spending Review.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	268586
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The government welcomed the publication of the National Infrastructure Commission’s National Infrastructure Assessment (NIA) last year.</p><p> </p><p>As announced at Budget 2018 the Government will respond in full to the NIA through a National Infrastructure Strategy. At Spring Statement, the Chancellor confirmed his intention to publish the Strategy later this year, alongside the Spending Review.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 13:20:34 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4523 label Biography information for Catherine West

1135021

	registered interest
	date	26/06/2019
	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, whether he plans to launch a three-year spending review before the summer recess; and if he will make a statement.
	tabling member constituency	Dulwich and West Norwood
	tabling member printed	Helen Hayes
	uin	269828
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>Departments have been commissioned to carry out the work necessary for a 3-year Spending Review concluding this Autumn.</p><p> </p><p>However, it will be for the new Government to decide whether the circumstances make it appropriate to conduct a full 3-year Spending Review, or a single year exercise.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 02/07/2019 15:13:07 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4510 label Biography information for Helen Hayes

1135285

	registered interest
	date	27/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Double Taxation Relief and International Tax Enforcement (Israel) Order 2019
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when negotiations on the Double Taxation Relief and International Tax Enforcement (Israel) Order 2019 began.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	270418
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government originally began negotiating the updated treaty in July 2008, with a second round of talks in March 2009. However, those negotiations stalled for a variety of reasons. Discussions about the updated treaty restarted in late 2015, and the Government recommenced formal negotiations in January 2017.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/07/2019 16:01:05 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1134150

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Soft Drinks: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the projected revenue from the Soft Drinks Industry levy is for financial year 2019-20.
	tabling member constituency	Norwich South
	tabling member printed	Clive Lewis
	uin	268572
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The current forecast for the Soft Drinks Industry Levy is published in the Office for Budget Responsibility’s March 2019 Economic and Fiscal Outlook. The 2019-20 figure is currently estimated at £344m. The publication tables can be found on the OBR’s website: <a href="https://cdn.obr.uk/Fiscal_charts_and_tables_March_2019.xlsx" target="_blank">https://cdn.obr.uk/Fiscal_charts_and_tables_March_2019.xlsx</a></p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 13:22:14 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4500 label Biography information for Clive Lewis