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1700417

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Nuclear Power: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to include nuclear (a) power generation and (b) fuel manufacture as sustainable activities within the UK Green Taxonomy.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	21304
answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>The Government has stated its intention to include nuclear in the UK Green Taxonomy, subject to consultation. This will incentivise private investment in this important technology alongside renewables and other sectors that are key to reaching our Net Zero goal. The Government expects to publish the consultation on the UK Green Taxonomy shortly.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 22/04/2024 13:14:44 answering member 4639 label Biography information for Bim Afolami
tabling member	4677 label Biography information for Giles Watling

1697190

registered interest
date	19/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of when defence spending will reach 2.5% of GDP; whether he has made an assessment of the potential merits of raising defence spending to 3% of GDP; and if he will have discussions with the Leader of the House on finding time to debate the Early Day Motion in the name of the hon. Member for Clacton, number 455, on Future defence spending.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	19462
answer	answer is ministerial correction date of answer 27/03/2024 answer text <p>The government has consistently prioritised defence spending. The Ministry of Defence was the first department to get certainty on its budgets in this Parliament. This settlement was the largest sustained spending increase in defence since the end of the Cold War, with a £24 billion uplift in cash terms over the four-year period. In March 2023, we also provided an extra £11 billion for defence and national security priorities over the next five years, with £4.95 billion over the next two years.</p><p> </p><p>The government’s aspiration over the longer-term is to invest 2.5% of GDP on defence, when the fiscal and economic circumstances allow.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 27/03/2024 17:04:12 answering member 4780 label Biography information for Laura Trott
tabling member	4677 label Biography information for Giles Watling

1679771

registered interest
date	05/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Livestock Industry
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he is taking steps to prevent banks from providing (a) financial and (b) investment support to industrial livestock companies that contribute to deforestation.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	8174
answer	answer is ministerial correction date of answer 15/01/2024 answer text <p>The Government is committed to working with UK financial institutions to further tackle deforestation-linked finance. As we set out in the updated Green Finance Strategy, we have begun this work with Government-convened roundtables having commenced in Summer 2023.</p><p> </p><p>The global approach on disclosure standards, such as the International Sustainability Standards Board (ISSB) or the Taskforce on Nature-related Financial Disclosures (TNFD) is a vital condition for success in improving nature-related disclosure.</p><p> </p><p>Following the making of the first relevant regulations under paragraph 1 of Schedule 17 of the Environment Act and as set out in the Financial Services and Markets Act 2023, HM Treasury will conduct a review to assess the extent to which regulation of the UK financial system is adequate for the purpose of eliminating the financing of illegal deforestation, and to consider what, if any, changes to the regulatory framework may be appropriate.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/01/2024 14:23:52 answering member 4639 label Biography information for Bim Afolami
tabling member	4677 label Biography information for Giles Watling