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1689338

registered interest
date	16/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Companies: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will have discussions with his counterpart in the Department of Economy on helping to ensure that Northern Ireland is an attractive place for companies to invest in.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	14078
answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>The UK Government is committed to promoting Northern Ireland as an attractive place for foreign direct investment (FDI), and we look forward to working closely with the restored Northern Ireland Executive on ensuring that Northern Ireland is an attractive place for companies to invest in.</p><p> </p><p>The Northern Ireland Investment Summit in September 2023 brought together over 100 international investors and businesses, and profiled Northern Ireland’s innovative and technological strengths. Northern Ireland has been successful in attracting FDI, particularly in financial services, and Belfast is the world’s number one city for FinTech inward investment.</p><p> </p><p>The UK Government is taking steps to improve the investment support offer to foreign investors following the Harrington Review, including making investment ambition a priority across government through the new Ministerial Investment Group, reviewing the grants landscape to make it simple and streamlined for investors, and increasing the resource available to the Office for Investment.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 26/02/2024 09:49:14 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon

1675386

registered interest
date	05/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Supermarkets: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether officials in his Department have had discussions with representatives of (a) supermarkets and (b) other retail outlets on steps being taken to mitigate the impact of increased costs on the prices of goods for consumers.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	5274
answer	answer is ministerial correction date of answer 12/12/2023 answer text <p>As part of the process of policy development and delivery, Treasury Ministers and officials meet a wide variety of organisations, including retail businesses, supermarkets, and their representative organisations, to discuss a range of issues including inflation. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at gov.uk:</p><p> </p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">HMT ministers' meetings, hospitality, gifts and overseas travel - GOV.UK (www.gov.uk)</a></p><p> </p><p>Inflation was 4.6% in October, which is the lowest rate in two years. The government is fully committed to supporting the Bank of England get inflation back down to 2%. The Office for Budget Responsibility (OBR) forecasts that government policies in the Autumn Statement will help reduce inflation to 2.8% by the end of 2024, and return to target in the first half of 2025.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 12/12/2023 17:46:45 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon

1666825

registered interest
date	24/10/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry: Northern Ireland
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 impact of increased alcohol duties on the hospitality industry in Northern Ireland.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	204018
answer	answer is ministerial correction date of answer 26/10/2023 answer text <p>The Government publishes tax information and impact notes (TIINs) for tax policy changes when the policy is final or near final. The summary of impacts from the latest changes to alcohol duty at Spring Budget 2023 can be found here: <a href="https://www.gov.uk/government/publications/changes-to-alcohol-duty-rates/alcohol-duty-rate-changes#:~:text=At%20the%20current%20VAT%20rate,will%20be%202%20pence%20higher" target="_blank">https://www.gov.uk/government/publications/changes-to-alcohol-duty-rates/alcohol-duty-rate-changes#:~:text=At%20the%20current%20VAT%20rate,will%20be%202%20pence%20higher</a></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 26/10/2023 08:49:45 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon

1658177

registered interest
date	05/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Technology: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will bring forward legislative proposals to impose a duty on (a) technology, (b) social media and (c) telecommunication companies to contribute towards the costs of refunding victims of fraud which originated on their platforms.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	197810
answer	answer is ministerial correction date of answer 13/09/2023 answer text <p>It is vital that the tech sector takes a proactive role to prevent online fraud and that the requirement on the sector is proportionate to their ability, as a platform host, to identify online fraud.</p><p> </p><p>In recognition of the responsibility of the tech sector for tackling fraud, the Online Safety Bill will place a requirement on relevant companies to take preventive measures to stop fraudulent content and advertising from appearing on their platforms, or face fines of up to £18m or 10% of their annual turnover. In the interim, the Fraud Strategy, published by the Home Office in May, set out measures to reduce fraud incidents by 10% by the end of the current Parliament, including the announcement that the government would negotiate and agree a voluntary Online Fraud Charter with the tech sector by the end of the summer. We will publish further details on the Charter in due course.</p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 13/09/2023 15:11:50 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon

1645877

registered interest
date	20/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Growth
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 implications for his policies of forecasted trends in the level of global growth in the next five years.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	190315
answer	answer is ministerial correction date of answer 26/06/2023 answer text <p>At Spring Budget, the Chancellor announced a package to boost economic growth by removing the barriers to work to increase labour supply, reforming the UK’s tax system to incentivise business investment and improve productivity, and continuing to support the UK’s high growth sectors through better regulation.</p><p> </p><p>The Office for Budget Responsibility expect that this package will result in the largest policy-induced permanent increase in UK GDP in their medium-term forecast. While international economic conditions remain challenging, the UK has exceeded expectations, leading to the IMF and OECD to revise up their UK growth forecasts, while taking into consideration global macro-economic conditions.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 26/06/2023 14:07:24 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon

1611643

registered interest
date	18/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to provide fiscal support for (a) takeaways and (b) other small and micro businesses.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	181187
answer	answer is ministerial correction date of answer 26/04/2023 answer text <p>The Government has demonstrated its long-standing commitment to supporting small and micro businesses, entrepreneurs, and businesses on our high streets, including takeaways. At Spring Budget, we confirmed that, from April 2023, the Small Profits Rate will mean 70% of businesses will see no increase in Corporation Tax this April. In fact, the UK has the lowest corporation tax rate in the G7.</p><p> </p><p>In addition, the UK also has a higher VAT registration threshold than any EU member state and second highest in the OECD – which keeps the majority of UK businesses out of VAT altogether. We have also put in place a generous package of Business Rates relief worth £13.6 billion.</p><p> </p><p>The Government continues to invest in the 38 Growth Hubs providing businesses across England with free one-to-one support and advice. Growth Hubs offer a triage, diagnostic and signposting service to make sure that all businesses, whatever their size or sector, know what help is available and can access the most appropriate support.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 26/04/2023 14:13:09 answering member 4850 label Biography information for Gareth Davies
tabling member	4131 label Biography information for Jim Shannon