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1130448

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much the UK FinTech industry paid the Exchequer in tax revenue in (a) 2017-18 and (b) 2016-17 financial years.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	261178
	answer	answer is ministerial correction date of answer 14/06/2019 answer text <p>HM Revenue and Customs (HMRC) publishes annual statistics relating to income tax, VAT and corporation tax by industry (including the Financial and Insurance Activities Sector). However, HMRC cannot identify receipts from the UK FinTech industry specifically.</p><p> </p><p>For other taxes, industry-level information is not available.</p><p> </p><p>For business rates, the Ministry of Housing, Communities &amp; Local Government collects data only at local authority level and is unable to provide a breakdown by industry.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 14/06/2019 07:46:18 answering member 3991 label Biography information for Jesse Norman
	tabling member	1586 label Biography information for Adam Afriyie

1130449

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Standards
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what key performance indicators his Department uses to assess the performance of Open Banking; and what recent assessment he has made of the performance of Open Banking.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	261179
	answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The independent Open Banking Implementation Entity (OBIE) is responsible for assessing the performance of Open Banking, and HM Treasury’s view is informed by their assessment.</p><p> </p><p>The OBIE’s latest published assessment of Open Banking performance, made in March 2019, shows that in that month the average availability of Open Banking APIs was 97%, the average response time was 798 milliseconds, and that 38.2 million successful API calls had been made, representing over 97% of the total number of calls made to APIs.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2019 13:36:10 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1130450

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment the Government has made of the potential merits of cryptocurrencies as a means of payment.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	261180
	answer	answer is ministerial correction date of answer 13/06/2019 answer text The Government established the Cryptoassets Taskforce – comprised of HM Treasury, the Financial Conduct Authority and the Bank of England – in 2018 to explore the risks and potential benefits of cryptoassets and the underlying distributed ledger technology (DLT). The Taskforce’s final report<sup><sup>[1]</sup></sup> concluded that benefits associated with the use of cryptoassets may arise in the future, but that the most immediate priorities for the authorities are to mitigate the risks posed by cryptoassets to consumers and markets, and to prevent the use of cryptoassets for illicit activity. As part of this, the Government will consult on its approach to cryptoassets this year. In addition, the authorities continue to encourage the responsible development of legitimate DLT and cryptoasset-related activity in the UK.<p> </p><p>[1] Full version of the report is available at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2019 13:40:32 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1132569

	registered interest
	date	17/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Procurement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Chief Secretary to the Treasury to the House of Lords Economic Affairs Committee of 4 June 2019, what selection process will be used by his Department to identify the (a) delivery experts and (b) panel of economist that will provide advice in relation to the zero-based review of capital; and if will he publish the investment appraisal technique that will be used to compare projects as part of that review.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	265554
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>The Treasury will conduct a zero-based review of capital at the next Spending Review. It will include an assessment panel of Chief Economists from across government departments, who will provide technical assistance and expertise to Treasury officials scrutinising capital spending bids. These top economists will bring significant experience and expertise in appraising investment in many different sectors, covering economic and social infrastructure. Investment appraisal will be conducted in line with the Treasury’s Green Book which is published online. The panel will also draw on the IPA, and functional expertise built up since 2015.</p><p> </p><p>The assessment panel will be formed ahead of the Spending Review.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 20/06/2019 13:33:51 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4470 label Biography information for Alan Brown

1136385

	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	Fuels: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the tax duty revenue was from (a) aviation gasoline, (b) aviation turbine fuel, (c) unleaded petrol and (d) diesel in each year since 2010.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	272300
	answer	answer is ministerial correction date of answer 08/07/2019 answer text <p>Total tax receipts from aviation gasoline, aviation turbine fuel, unleaded petrol and diesel are shown in the table below:</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Aviation gasoline (£m)</strong></p></td><td><p><strong>Aviation turbine fuel (£m)</strong></p></td><td><p><strong>Unleaded petrol (£m)</strong></p></td><td><p><strong>Diesel (£m)</strong></p></td></tr><tr><td><p>2010/11</p></td><td><p>9.3</p></td><td><p>0.1</p></td><td><p>11,465</p></td><td><p>14,826</p></td></tr><tr><td><p>2011/12</p></td><td><p>9.4</p></td><td><p>0.1</p></td><td><p>10,862</p></td><td><p>14,944</p></td></tr><tr><td><p>2012/13</p></td><td><p>7.6</p></td><td><p>0.1</p></td><td><p>10,247</p></td><td><p>15,247</p></td></tr><tr><td><p>2013/14</p></td><td><p>7.7</p></td><td><p>0.1</p></td><td><p>9,959</p></td><td><p>15,822</p></td></tr><tr><td><p>2014/15</p></td><td><p>7.8</p></td><td><p>0.2</p></td><td><p>9,706</p></td><td><p>16,341</p></td></tr><tr><td><p>2015/16</p></td><td><p>7.7</p></td><td><p>0.2</p></td><td><p>9,562</p></td><td><p>16,965</p></td></tr><tr><td><p>2016/17</p></td><td><p>8.0</p></td><td><p>0.2</p></td><td><p>9,420</p></td><td><p>17,448</p></td></tr><tr><td><p>2017/18</p></td><td><p>7.8</p></td><td><p>0.2</p></td><td><p>9,192</p></td><td><p>17,621</p></td></tr><tr><td><p>2018/19 (provisional)</p></td><td><p>7.8</p></td><td><p>0.2</p></td><td><p>9,280</p></td><td><p>17,657</p></td></tr></tbody></table> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/07/2019 10:27:37 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4470 label Biography information for Alan Brown

1136665

	registered interest
	date	03/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Mobility: EU Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the oral contribution of the Exchequer Secretary to the Treasury of 2 July 2019, Official Report Vol 662, Column 1054, which countries in Europe his Department considers to have higher levels of social inequality than the UK, and what criteria his Department used to make that assessment.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	272889
	answer	answer is ministerial correction date of answer 12/07/2019 answer text <p>The most common measure of inequality is income, and there are a number of countries in Europe that had a higher level of income inequality than the UK in 2017, including Spain, Portugal and Greece. Income inequality by this metric is lower today than it was in 2010.</p><p> </p><p>Such measures of inequality do not capture the benefit households receive from the Government’s significant and progressive spending on public services. In 2019/20, the lowest income households will receive over £4 in public spending for every £1 they pay in tax on average. While the highest income households will contribute over £5 in tax for every £1 they receive in public spending on average.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/07/2019 10:01:06 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4470 label Biography information for Alan Brown

1137737

	registered interest
	date	09/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employed
	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 support self-employed professionals and consultants.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	275231
	answer	answer is ministerial correction date of answer 17/07/2019 answer text <p>The Government is committed to supporting self-employed professionals and consultants. From April 2019, the UK will have increased its Personal Allowance by over 90% in less than a decade. The self-employed have also been given access to the full rate of the new State Pension, worth over £2,000 a year more to a self-employed individual than under the previous system.</p><p> </p><p>Budget 2018 announced that the Government is extending the New Enterprise Allowance, to help people start a business; introducing a £10m pilot to support self-employed training; and equalising the treatment of all self-employed people with respect to the Universal Credit Minimum Income Floor.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/07/2019 10:04:33 answering member 3991 label Biography information for Jesse Norman
	tabling member	4470 label Biography information for Alan Brown

1137740

	registered interest
	date	09/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Diesel: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 July 2019 to Question 272300, what the diesel duty revenues were from (a) shipping, (b) agriculture, (c) road users, (d) rail and (e) any other sectoral information held by his Department in each of the last 10 years.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	275232
	answer	answer is ministerial correction date of answer 17/07/2019 answer text Duty is collected when fuel leaves a refinery or import terminal, so HMRC data does not break down diesel duty revenues by sectors where fuel is used. HMRC publishes information on historic fuel duty receipts on Page 5 of the <a href="https://www.uktradeinfo.com/Statistics/Tax%20and%20Duty%20Bulletins/Oils0519.xls" target="_blank">Hydrocarbon Oils Bulletin</a>. This shows receipts for diesel taxed at the full rate of duty for road use and also for rebated ‘gas oil’. This refers to marked diesel which is taxed at a reduced rate of duty because it is intended for off road use in sectors such as agriculture and construction, as well as for maritime and rail transport. answering member constituency Newark answering member printed Robert Jenrick question first answered 17/07/2019 12:39:22 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4470 label Biography information for Alan Brown

1129706

	registered interest
	date	04/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Railways: Franchises
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what role his Department has in assessing the awarding of rail franchise tenders.
	tabling member constituency	Stockton North
	tabling member printed	Alex Cunningham
	uin	259990
	answer	answer is ministerial correction date of answer 06/06/2019 answer text <p>HM Treasury approval is sought at interim stages of rail franchise competitions to provide the necessary assurances that any award remains affordable and value for money.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 06/06/2019 14:12:31 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4122 label Biography information for Alex Cunningham

1129708

	registered interest
	date	04/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Rolling Stock: Manufacturing Industries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will take fiscal steps to support the rolling stock manufacturing sector in the upcoming (a) spending review and (b) Budget.
	tabling member constituency	Stockton North
	tabling member printed	Alex Cunningham
	uin	259991
	answer	answer is ministerial correction date of answer 07/06/2019 answer text <p>All decisions on future funding are for the Spending Review, where the government will consider its priorities in the round.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 07/06/2019 12:48:27 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4122 label Biography information for Alex Cunningham