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1700175

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	Defibrillators: VAT
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 potential impact of removing VAT on defibrillators on their (a) affordability and (b) accessibility.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	21109
answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>The Government maintains VAT reliefs to aid the purchase of Automated External Defibrillators (AEDs), including VAT relief on purchases made by local authorities and those made through voluntary contributions, where the AED is donated to eligible charities or the NHS. Otherwise, they attract the standard rate of VAT.</p><p> </p><p>The Government is currently inviting community organisations to bid for funding as part of a £1 million grant scheme that expands access to AEDs, particularly in public places where they are most needed. In addition, last year the Government committed to supplying state-funded schools in England with defibrillators to make sure there is a device in device in every school, with deliveries completed in June 2023. This means that every state-funded school in England, over 21,500 schools, now has access to an AED.</p><p> </p><p>The Government keeps all taxes under review.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 22/04/2024 14:41:25 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4432 label Biography information for Patrick Grady

1667627

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanitary Products: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of removing VAT on period pants.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	274
answer	answer is ministerial correction date of answer 15/11/2023 answer text <p>The women’s sanitary products VAT zero rate applies to those products which were previously subject to the reduced rate of 5 per cent, for example, tampons and pads. It also applies to reusable menstrual products, such as menstrual cups, to provide greater choice and more sustainable options for those who use sanitary products. The Government is looking into whether this important zero-rating is being passed on to consumers.</p><p> </p><p>The relief does not include articles of clothing, such as period underwear. Such exclusions are designed to ensure that the relief is properly targeted.</p><p> </p><p>The Government keeps all taxes under review, including considering impacts on pricing, and welcomes representations to help inform future policy decisions.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 15/11/2023 15:14:14 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4432 label Biography information for Patrick Grady

1665348

registered interest
date	17/10/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit: Inflation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his oral contribution of 20 June 2023, Official Report, column 694, what the evidential basis is for not accepting the findings of the Centre for Economic Performance at the London School of Economics.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	203025
answer	answer is ministerial correction date of answer 20/10/2023 answer text <p>Recent food inflation in the UK has been driven by a range of factors. Domestic agricultural commodity prices increased due to increases in international commodity prices and changes in exchange rates and in particular the strength of the dollar. Alongside this there was an increase in food manufacturing costs and particularly energy costs, which also contributed to food inflation. These factors are the main reasons for recent high food inflation, as shown by the fact that other countries in Europe have experienced similar levels of food inflation.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/10/2023 11:12:32 answering member 4874 label Biography information for Andrew Griffith
tabling member	4432 label Biography information for Patrick Grady

1624387

registered interest
date	27/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Interest Rates
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 potential merits of compelling banks to increase interest rate payments on savings accounts in line with changes to the base rate.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	183112
answer	answer is ministerial correction date of answer 03/05/2023 answer text <p>The Government is committed to ensuring people are supported to save, and that they can access a wide range of competitive savings products. The retail savings market currently offers a range of competitive options to savers, who can now access the highest rates in recent years on a variety of instant access and fixed-term products. I would encourage savers to explore the full range of products available in the market to find the best rates.</p><p> </p><p>However, the pricing and provision of financial products (including savings accounts), is a commercial decision for banks and building societies and the Government does not seek to intervene in such decisions. The Bank of England’s independent Monetary Policy Committee (MPC) sets the base rate of interest, known as the Bank Rate, to achieve its primary objective of maintaining price stability. MPC decisions over Bank Rate guide commercial banks’ decisions over the retail interest rates they charge on loans and pay on deposits.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 183113 question first answered 03/05/2023 14:09:32 answering member 4874 label Biography information for Andrew Griffith
tabling member	4432 label Biography information for Patrick Grady

1624388

registered interest
date	27/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to encourage consumers to switch their savings accounts to benefit from high interest alternatives.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	183113
answer	answer is ministerial correction date of answer 03/05/2023 answer text <p>The Government is committed to ensuring people are supported to save, and that they can access a wide range of competitive savings products. The retail savings market currently offers a range of competitive options to savers, who can now access the highest rates in recent years on a variety of instant access and fixed-term products. I would encourage savers to explore the full range of products available in the market to find the best rates.</p><p> </p><p>However, the pricing and provision of financial products (including savings accounts), is a commercial decision for banks and building societies and the Government does not seek to intervene in such decisions. The Bank of England’s independent Monetary Policy Committee (MPC) sets the base rate of interest, known as the Bank Rate, to achieve its primary objective of maintaining price stability. MPC decisions over Bank Rate guide commercial banks’ decisions over the retail interest rates they charge on loans and pay on deposits.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 183112 question first answered 03/05/2023 14:09:32 answering member 4874 label Biography information for Andrew Griffith
tabling member	4432 label Biography information for Patrick Grady