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77525

	registered interest
	date	14/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Capital Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many businesses received the annual investment allowance in (a) 2010-11, (b) 2011-12 and (c) 2012-13.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	205500
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>Annual Investment Allowance (AIA) has been used to encourage investment in plant and machinery by all businesses. The number of unincorporated businesses and companies that received AIA is presented in the table below, and has been rounded to the nearest 1,000. The latest year for which figures are available is 2011-12.</p><p> </p><table><tbody><tr><td> </td><td><p>2010-11</p></td><td><p>2011-12</p></td></tr><tr><td><p>Number Of AIA Claims</p></td><td><p>1,203,000</p></td><td><p>1,222,000</p></td></tr></tbody></table><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/09/2014 16:31:01 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

64658

	registered interest
	date	30/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many people in (a) the UK, (b) the Thames Valley and (c) Windsor constituency no longer pay income tax due to changes in the level of personal allowance introduced since 2010.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	202981
	answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>By April this year this Government's increases in the personal allowance (for those born after 5 April 1948) are estimated to have taken over 3 million individuals out of the income tax system altogether. 384,000 of these individuals live in the South East region, which includes the Thames Valley and the Parliamentary Constituency of Windsor.</p><p> </p><p>These estimates are based on the 2011-12 Survey of Personal Incomes, projected to 2014-15 using economic assumptions consistent with the Office for Budget Responsibility's March 2014 economic and fiscal outlook.</p><p> </p><p> </p><p>HM Treasury does not publish this information at constituency level.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 07/07/2014 15:09:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

79007

	registered interest
	date	21/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of foreign direct investment generated since 2010 as a direct result of the lower rate of corporation tax.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	206722
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>Since 2010, the Government has cut the main rate of corporation tax from 28% to 21%. It will fall further next year, to 20%, giving the UK the joint lowest rate of corporation tax in the G20. The Small Profits Rate has also been cut to 20%.</p><p> </p><p>These cuts are a central part of the Government’s long-term economic plan. They are intended to make the UK more competitive, supporting business investment and job creation.</p><p> </p><p>Government modeling suggests that the corporation tax cuts introduced in this parliament will:</p><p>· increase business investment by between 2.5% and 4.5% (£3.6bn to £6bn in today’s prices) in the long term</p><p>· increase GDP by between 0.6% and 0.8% (£9.6bn to £12.2bn in today’s prices) in the long term</p><p> </p><p>Foreign direct investment decisions are influenced by a range of factors including skills, market access, and infrastructure. Consequently, it is difficult to isolate the exact impact of the corporation tax cuts from reform in other areas. But recently published data on inward investment has been very encouraging.</p><p> </p><p>In their 2013/2014 Inward Investment Report, UKTI said ONS data showed the value of FDI stock increased from £725.6bn in 2010, to £936.5bn in 2012.</p><p> </p><p>UKTI also reported that the UK attracted more inward investment projects last year than in any year since records began in the 1980s. UKTI recorded 1773 projects, creating 66,390 new jobs.</p><p> </p><p>This is supported by analysis from Ernst and Young, who use their own independent database to assess inward investment. Ernst and Young’s Annual Attractiveness Survey, published in June, showed the number of inward investment projects in the UK had risen by 15% in the past year, against the background of a European market that grew by just 4%.</p><p> </p><p> </p><p>As noted above, it is difficult to isolate the impact of tax policy on these trends, and UKTI does not have estimates of how much of the new investment has been a direct result of the lower rate of corporation tax. But it is clear that the corporation tax reforms have changed perceptions of the UK competitiveness. For the past two years, the UK has ranked highest in the KPMG survey on international tax competitiveness, ahead of countries including the US, the Netherlands and Switzerland.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/09/2014 16:21:34 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

89992

	registered interest
	date	26/08/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Banks: Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent representations he has made to institutions of the EU on the cap on bank bonuses.
	tabling member constituency	Wirral South
	tabling member printed	Alison McGovern
	uin	905051
	answer	answer is ministerial correction date of answer 02/09/2014 answer text <p>I refer the hon. Member to the Answer I gave today to the hon. Member for Blaenau Gwent (Nick Smith).</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 02/09/2014 14:43:33 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4083 label Biography information for Alison McGovern

58350

	registered interest
	date	05/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the levels of (a) public sector investment, (b) private sector investment, (c) investment in intangibles and (d) other investment was in each G7 country in each of the last 10 years.
	tabling member constituency	Plymouth, Moor View
	tabling member printed	Alison Seabeck
	uin	199413
	answer	answer is ministerial correction date of answer 12/06/2014 answer text <p>Gross fixed capital formation (GFCF) is an internationally standardised measure that captures whole economy investment, covering business, government and residential investment. International data on GFCF is available from the OECD, while data on the UK can be found in the ONS' business investment release; <a href="http://www.ons.gov.uk/ons/rel/bus-invest/business-investment/index.html" target="_blank">http://www.ons.gov.uk/ons/rel/bus-invest/business-investment/index.html</a>.</p><p> </p><p>Detailed internationally comparable data on investment are not readily available. Some countries also collect data on the shares of GFCF carried out by different institutional sectors, especially that conducted by general government; this data can be obtained from the OECD.</p><p> </p><p>While some forms of intangible investment are captured in the standard national accounts measure of investment (most notably software), a large range of intangible assets are not, including research and development, advertising, organisational know-how and training. The most comprehensive set of internationally comparable estimates are produced by <a href="http://www.intan-invest.net/" target="_blank">www.intan-invest.net</a>. These are produced on a market-sector basis and are therefore not directly comparable with the OECD statistics referenced above, which cover both market and non-market activity.</p><p> </p><p>It should be noted that a range of forthcoming changes to national accounting rules will affect cross-country estimates of GFCF and GDP. The most relevant of these for estimates of GFCF are the inclusion of spending on research and development and weapons systems. Further details can be found on the ONS website, at the following address: <a href="http://www.ons.gov.uk/ons/guide-method/development-programmes/esa2010/index.html" target="_blank">http://www.ons.gov.uk/ons/guide-method/development-programmes/esa2010/index.html</a></p><p> </p><p> </p><p> </p> answering member constituency Loughborough answering member printed Nicky Morgan question first answered 12/06/2014 14:52:13 answering member 4027 label Biography information for Baroness Morgan of Cotes
	tabling member	1552 label Biography information for Alison Seabeck

61588

	registered interest
	date	12/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Written Questions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many parliamentary questions tabled to his Department in the last parliamentary Session did not receive a substantive answer by the time of the 2014 prorogation; and when each such question was first tabled.
	tabling member constituency	Plymouth, Moor View
	tabling member printed	Alison Seabeck
	uin	200449
	answer	answer is ministerial correction date of answer 19/06/2014 answer text <p>None.</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 19/06/2014 14:57:37 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1552 label Biography information for Alison Seabeck

77864

	registered interest
	date	15/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the bureaucracy required to apply for a new mortgage.
	tabling member constituency	High Peak
	tabling member printed	Andrew Bingham
	uin	205997
	answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>The Financial Conduct Authority (FCA) has recently put in place new regulations for mortgages in the UK, known as the ‘Mortgage Market Review’ (MMR). The MMR is a matter for the FCA, whose day-to-day operations are independent from government control and influence.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 22/07/2014 16:11:37 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3994 label Biography information for Andrew Bingham

79217

	registered interest
	date	22/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Motor Sports: Wales
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department has received any requests from the Welsh Government for loans or grants for the construction of the Circuit of Wales.
	tabling member constituency	North West Leicestershire
	tabling member printed	Andrew Bridgen
	uin	206834
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>The Treasury has not received any requests for loans or grants from the Welsh Government in relation to the construction of the Circuit of Wales.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 01/09/2014 16:23:38 answering member 1535 label Biography information for Danny Alexander
	tabling member	4133 label Biography information for Andrew Bridgen

62573

	registered interest
	date	18/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Help to Buy Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many applications for the Help to Buy scheme have been for (a) shared equity, (b) shared ownership, (c) mutual housing and (d) self-build properties since the scheme was launched.
	tabling member constituency	St Ives
	tabling member printed	Andrew George
	uin	201366
	answer	answer is ministerial correction date of answer 25/06/2014 answer text <p>The Government does not collect data on the number of applications made under the Help to Buy: mortgage guarantee scheme.</p><p> </p><p>The Government publishes quarterly official statistics relating to the Help to Buy: mortgage guarantee scheme. The first of these were published on 29 May 2014.</p><p> </p><p>This report, along with accompanying tables, can be found at: <a href="http://www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014" target="_blank">www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014</a></p><p> </p><p>The Help to Buy: equity loan scheme is a shared equity scheme. At Budget 2014, the Government announced that it will seek to explore how it can make the Help to Buy: equity loan scheme available for custom build.</p><p> </p><p> </p><p>Statistics on the legal completions supported by the equity loan scheme are published monthly at: <a href="https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics" target="_blank">www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics</a></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/06/2014 14:06:17 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	227 label Biography information for Andrew George

62574

	registered interest
	date	18/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Help to Buy Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many applications for the Help to Buy scheme have been received in respect of Cornwall and the Isles of Scilly from applicants who (a) reside in Cornwall and the Isle of Scilly and (b) do not reside in either place.
	tabling member constituency	St Ives
	tabling member printed	Andrew George
	uin	201367
	answer	answer is ministerial correction date of answer 23/06/2014 answer text <p>The Government publishes quarterly official statistics relating to the Help to Buy: mortgage guarantee scheme. The first of these were published on 29 May 2014.</p><p> </p><p>This report, along with accompanying tables, can be found at: <a href="http://www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014" target="_blank">www.gov.uk/government/publications/help-to-buy-mortgage-guarantee-scheme-quarterly-statistics-october-2013-to-march-2014</a></p><p> </p><p>The Government has also recently published statistics on the completions supported by the Help to Buy: equity loan scheme. Full statistics covering the period April 2013 to March 2014 have been published as well as the number of completions, by local authority, to April 2014:</p><p> </p><p><a href="https://www.gov.uk/government/publications/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2014" target="_blank">www.gov.uk/government/publications/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2014</a></p><p> </p><p><a href="https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics" target="_blank">www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics</a></p><p> </p><p> </p><p>Under both the Help to Buy: mortgage guarantee and the Help to Buy: equity loan schemes borrowers need to declare that the property will be their sole residence.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/06/2014 16:05:22 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	227 label Biography information for Andrew George