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1181545

	registered interest
	date	28/02/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Environment Protection: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to maintain the carbon price in the next 12 months; and what assessment he has made of the effect of carbon pricing on the decarbonisation of the UK economy.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	22429
	answer	answer is ministerial correction date of answer 09/03/2020 answer text <p>The Government is committed to carbon pricing as a decarbonisation tool following the transition period. In line with the Withdrawal Agreement, the UK will remain in the EU Emissions Trading System until 31 December 2020.</p><p> </p><p>Alongside the EU ETS, the UK also applies the Carbon Price Support rate. Together, these have helped to reduce the importance of coal in the UK’s energy generation mix: electricity generation from coal usage has fallen from 40% in 2012 to 5% in 2018. Further detail on carbon pricing will be set out at the Budget.</p><p> </p><p>Additionally, in November 2019, HM Treasury published Terms of Reference for its review into how the transition to a net zero economy will be funded, and where the costs will fall. The review will ensure contributions are fair between households, businesses and the taxpayer, and will allow us to maximise economic growth opportunities from the transition. The review will publish its findings in Autumn 2020.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 09/03/2020 11:01:12 answering member 4095 label Biography information for Steve Barclay
	tabling member	4677 label Biography information for Giles Watling

1186887

	registered interest
	date	23/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Schools: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the Secretary of State for Education on school funding.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	901724
	answer	answer is ministerial correction date of answer 24/03/2020 answer text <p>I regularly discuss school funding with the Secretary of State for Education. At the Spending Round, the government committed to a £7.1 billion cash increase in funding for schools in England by 2022-23. This funding settlement reflects the government’s commitment to high quality education for all school children.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 24/03/2020 17:10:31 answering member 4095 label Biography information for Steve Barclay
	tabling member	4677 label Biography information for Giles Watling

1134958

	registered interest
	date	26/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electricity Generation: Private Sector
	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 merits of private sector ownership of electricity networks.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	269795
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government is fully committed to a model of private ownership with strong independent economic regulation and ensuring this model delivers for consumers. The Government has not conducted a recent assessment of the merits of private sector ownership of electricity networks; nor an assessment of the potential effect of the re-nationalisation of electricity networks on the level of personal pensions.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 269796 question first answered 01/07/2019 14:57:50 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4677 label Biography information for Giles Watling

1134959

	registered interest
	date	26/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electricity Generation: Nationalisation
	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 effect of the re-nationalisation of electricity networks on the level of personal pensions.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	269796
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government is fully committed to a model of private ownership with strong independent economic regulation and ensuring this model delivers for consumers. The Government has not conducted a recent assessment of the merits of private sector ownership of electricity networks; nor an assessment of the potential effect of the re-nationalisation of electricity networks on the level of personal pensions.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 269795 question first answered 01/07/2019 14:57:50 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4677 label Biography information for Giles Watling

999629

	registered interest
	date	01/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Infrastructure: Clacton
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent steps he has taking to invest in infrastructure in the Clacton region.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	187158
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>We are committed to making sure every area of the country has modern and efficient infrastructure. By the end of the parliament, public capital investment will reach levels not sustained in 40 years.</p><p> </p><p>Essex will receive £19 million for local roads maintenance in 2018/19, and DfT has provided £4 million to Essex County Council for development funding for improvements to the A120. In the last 5 years access to Superfast Broadband in Clacton has risen from 77% to 98%.</p><p>The Budget announced new programmes delivered at the local level to address barriers to productivity and increased funding for existing programmes, including an additional £420 million in 2018/19 to tackle potholes, repair damaged roads, and invest in keeping bridges open and safe. The £675 million Future High Streets Fund will support and fund local areas’ plans to make their high streets and town centres fit for the future, and the Budget also announced £150 million funding pot for a new competition for small improvements projects such as roundabouts.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/11/2018 17:47:02 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4677 label Biography information for Giles Watling

1167092

	registered interest
	date	29/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Carbon Emissions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support the UK's transition to a low-carbon economy; and what his policy is on the future of carbon pricing in the UK.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	7228
	answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The UK is the G20 leader in reducing the carbon intensity of its economy, and is using a range of policy levers – including spending and taxes – to support the UK’s transition to a low-carbon economy.</p><p> </p><p>The Clean Growth Strategy set out significant investment by the Government in decarbonisation including £2.5 billion to support low carbon innovation from 2015-2021, £4.5bn to support development of renewable and low carbon heating through the Renewable Heat Incentive and £1 billion to support the uptake of ultra-low emissions vehicles. In addition, government has supported the deployment of renewable electricity projects, with annual consumer support now reaching over £10bn.</p><p> </p><p>HMT has accepted the Committee on Climate Change’s (CCC) recommendation to conduct a review into the costs and benefits of transitioning to a net zero economy. The Review will consider how to achieve this transition in a way that works for households, businesses and public finances.</p><p> </p><p>Carbon pricing has helped to drive down UK emissions, in particular from the power sector, and will continue to play an important role to help meet the UK’s legally binding carbon reduction commitments, which are unaffected by leaving the EU.</p><p> </p><p>The government is considering long-term options for carbon pricing including the possibility of linking a UK greenhouse gas emissions trading system with the EU ETS. As announced at Budget 2018, in the event the UK leaves the EU without a deal, the Carbon Emissions Tax would be introduced.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 04/11/2019 13:36:05 answering member 4655 label Biography information for Sir Simon Clarke
	tabling member	4677 label Biography information for Giles Watling

1172030

	registered interest
	date	20/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Beer: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to differentiate the rate of duty on beer between supermarkets and pubs after the UK has left the EU.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	5549
	answer	answer is ministerial correction date of answer 28/01/2020 answer text <p>Fiscal changes to alcohol, and tax rates are kept under review, and further announcements to duty changes will be made in due course.</p><p> </p><p>To date, since 2010, government has scrapped the beer duty escalator, making the price of a typical pint 14p cheaper than it otherwise would have been. Pubs are also able to benefit from wider reforms including the Pubs Code and reductions to business rates.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 28/01/2020 11:50:05 answering member 4655 label Biography information for Sir Simon Clarke
	tabling member	4677 label Biography information for Giles Watling

175715

	registered interest
	date	26/01/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Institutions: Audit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with his European counterparts on measures to reduce error in the accounts of the EU to a point at which they will not be qualified by the European Court of Auditors.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	221938
	answer	answer is ministerial correction date of answer 02/02/2015 answer text <p>Financial management of the EU budget remains a serious concern for this Government. Council discussions are currently taking place on this important issue ahead of the vote on discharge of the 2013 EU budget.</p><p> </p><p> </p><p> </p><p>The Government continues to work with like-minded Member States to send a clear signal that financial management must improve and to call on the Commission and the European Court of Auditors to set out a strategy that will allow EU budget expenditure to be granted an unqualified Statement of Assurance.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 02/02/2015 17:45:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

417556

	registered interest
	date	08/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Severn River Crossing: Tolls
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much his Department expects to be raised in VAT on Severn Bridge tolls in (a) 2015, (b) 2016, (c) 2017 and (d) 2018.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	9658
	answer	answer is ministerial correction date of answer 16/09/2015 answer text <p>HM Revenue and Customs (HMRC) does not produce forecasts for future VAT payable on the Severn Bridge Tolls. Even if HMRC was to do so, the information would be based upon previous VAT receipts and so the statutory duty of taxpayer confidentiality would prevent it from being disclosed.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 16/09/2015 14:45:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

417559

	registered interest
	date	08/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the effect on revenue accruing to the Exchequer of restricting the additional nil-rate inheritance band (a) to residences only, (b) to direct descendants only and (c) by tapered withdrawal between £2,000,000 and £2,350,000.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	9660
	answer	answer is ministerial correction date of answer 16/09/2015 answer text <p>The information requested can be found in table 2.1 of the Summer Budget and is available here:</p><p> </p><p>https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443232/50325_Summer_Budget_15_Web_Accessible.pdf</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 16/09/2015 14:46:52 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

422528

	registered interest
	date	20/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Membership of EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many officials in his Department are engaged in planning steps to secure trade and other beneficial economic exchanges in the event of a vote to leave the EU.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	12567
	answer	answer is ministerial correction date of answer 28/10/2015 answer text <p>The Government is focused on delivering a successful renegotiation: it believes it can and will succeed in reforming and renegotiating our relationship with the EU and campaigning to keep the UK in the EU on that basis. Departments are appropriately resourced to support the Government’s priorities in Europe.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/10/2015 17:29:12 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

455220

	registered interest
	date	25/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Treasury: UK Membership of EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the Prime Minister's Oral Statement of 22 February 2016, Official Report, column 35, on the European Council, whether his Department is undertaking planning in the eventuality of a majority leave vote in the EU referendum.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	28504
	answer	answer is ministerial correction date of answer 03/03/2016 answer text <p><strong>At the February European Council, the Government negotiated a new settlement, giving the United Kingdom a special status in a reformed European Union. The Government's position, as set out by the Prime Minister to the House on 22 February, is that the UK will be stronger, safer and better off remaining in a reformed EU.</strong></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 03/03/2016 17:13:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

485532

	registered interest
	date	23/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Membership of EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what advice he has received from the Office for Budget Responsibility on the effect on the economy in the event of the UK leaving the EU.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	32317
	answer	answer is ministerial correction date of answer 11/04/2016 answer text <p>A vote to leave the EU is identified as an economic risk in the OBR’s March 2016 <em>Economic and Fiscal Outlook</em>, which states that it “could usher in an extended period of uncertainty regarding the precise terms of the UK’s future relationship with the EU. This could have negative implications for activity via business and consumer confidence and might result in greater volatility in financial and other asset markets”.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 11/04/2016 16:46:24 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

516177

	registered interest
	date	27/04/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Membership of EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the Prime Minister's oral contribution of 22 February 2016, Official Report columns 24-5 whether his Department plans to release further analysis of the economic benefits of the UK staying in a reformed EU.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	35813
	answer	answer is ministerial correction date of answer 04/05/2016 answer text <p>The Treasury’s document published on the 18<sup>th</sup> April, was a rigorous and objective assessment of the economic impact of EU membership and the alternative. As stated in this document there will be a further document with an independent assessment of the short term implications of leaving the EU.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/05/2016 11:39:50 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

577438

	registered interest
	date	07/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Remittances: EU Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the total amount of remittances by EU A8 citizens resident in the UK since May 2004.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	45350
	answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HM Treasury has made no estimate of the number of remittances made since May 2004.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/09/2016 16:44:18 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

577439

	registered interest
	date	07/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: EU Internal Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the revenue that UK banks and financial institutions receive through passporting rights within the EU since 2000.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	45351
	answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>Over 5,000 UK firms, including banks, investment firms and insurance companies, hold passports which enable them to provide their financial services and establish branches in other EU Member States. Excluding banks more than three-quarters of all of the firms in the EU that use passporting under the Markets in Financial Instruments Directive are based in the UK. However, passporting rights are conferred under several different pieces of EU legislation.</p><p> </p><p>Supervisory authorities record passport notifications, including into which Member State the passport is being used, but there is no detailed record of the type or scale of their use. The Treasury is engaging with business to further understand the issues affecting the financial services industry as the UK prepares for negotiations to leave the EU, including how firms make use of the different passports available to them.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/09/2016 16:54:37 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

63841

	registered interest
	date	25/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Revenue and Customs
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many complaints have been made about HM Revenue and Customs in each of the last five years for which figures are available.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	202416
	answer	answer is ministerial correction date of answer 01/07/2014 answer text <p>The table below shows the number of complaints received by HM Revenue and Customs (excluding the VOA) for each of the years 2009/10 – 2013/14. The figure for 2013/14 will be included in the HMRC Annual Report that is due to be published on the 3 July 2014.</p><p> </p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>Number of complaints</p></td></tr><tr><td><p>2009/10</p></td><td><p>71,406</p></td></tr><tr><td><p>2010/11</p></td><td><p>76,721</p></td></tr><tr><td><p>2011/12</p></td><td><p>74,831</p></td></tr><tr><td><p>2012/13</p></td><td><p>67,956</p></td></tr><tr><td><p>2013/14</p></td><td><p>64,729</p></td></tr></tbody></table> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/07/2014 15:02:39 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1527 label Biography information for Mr Douglas Carswell

1063982

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Film: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans his Department has to support domestic film production companies to raise funding.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	223175
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The UK film industry is a great success story, contributing an estimated £4 billion a year to the economy and supporting nearly 70,000 jobs. Last year the government provided £469 million worth of support through the film tax relief and almost £70 million in grant in aid and national lottery funding through the British Film Institute.</p><p> </p><p>The film tax relief supports the production of culturally British films. 2,420 films have benefitted from the film tax relief since it was introduced in 2007.</p><p> </p><p>The British Film Institute supports UK film production companies through the BFI Film Fund, investing in the production of films from adventurous storytellers, the BFI Locked Box initiative, enabling production companies to benefit from the success of their films, and the BFI Vision Awards, supporting new film producers to build their companies.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 27/02/2019 10:12:14 answering member 3935 label Biography information for Mel Stride
	tabling member	4677 label Biography information for Giles Watling

1086661

	registered interest
	date	11/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Film: Finance
	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 adequacy of the Seed Enterprise Investment Scheme in helping domestic film production companies raise funding.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	230892
	answer	answer is ministerial correction date of answer 19/03/2019 answer text <p>The Seed Enterprise Investment Scheme was introduced in 2012 to support investment in very early-stage companies, which often struggle to access growth capital.</p><p> </p><p>As a non-sectoral scheme, no assessment has been made of the application of the SEIS to specific industries or sectors. Since its introduction, the scheme has helped over 8,000 companies from a range of industries to raise around £800 million in investment.</p><p> </p><p>The government recognises the importance of the film industry to the UK economy, which is why it offers specific support for the production of culturally British films. Last year alone the film tax relief provided support worth £469 million, in addition to nearly £70 million in direct funding.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/03/2019 16:54:33 answering member 3935 label Biography information for Mel Stride
	tabling member	4677 label Biography information for Giles Watling

891497

	registered interest
	date	25/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Vocational Training: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what his policy is on the application of VAT to providers of vocational training.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	138113
	answer	answer is ministerial correction date of answer 01/05/2018 answer text <p>Under UK law, vocational training is VAT exempt where it is provided by specific eligible bodies, including universities, schools and certain not-for-profit institutions. The normal VAT rules apply the standard rate of 20% to most commercial providers of vocational training.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/05/2018 15:16:11 answering member 3935 label Biography information for Mel Stride
	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

1146857

	registered interest
	date	30/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance and Tax Evasion
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent steps his Department has taken to reduce tax (a) avoidance and (b) evasion.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	912456
	answer	answer is ministerial correction date of answer 01/10/2019 answer text This government has taken significant action, including introducing 100 new measures tackling tax avoidance, evasion and other forms of non-compliance, since 2010, securing and protecting £200bn that would have otherwise gone unpaid and helping to bring the UK’s tax gap to a near record low of 5.6%. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2019 15:57:52 answering member 3991 label Biography information for Jesse Norman
	tabling member	4677 label Biography information for Giles Watling

1205645

	registered interest
	date	19/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-assessment: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has plans to extend the deadline of 31 October 2020 for Self Assessment paper tax returns for older people in residential care who are unable to access HMRC services online or complete paperwork without support from family members, which is unavailable as a result of covid-19 social distancing measures.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	61796
	answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>HMRC have no plans currently to extend the deadline of 31 October 2020 for Self-Assessment paper returns for older people in residential care. However, HMRC will take a sympathetic view where the impact of COVID-19 on a person’s personal circumstances has caused them to miss the filing deadline.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 29/06/2020 09:03:28 answering member 3991 label Biography information for Jesse Norman
	tabling member	4677 label Biography information for Giles Watling

1282019

	registered interest
	date	29/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business Rates: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to extend business rates relief for non-essential businesses beyond the 2020-21 tax year.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	145879
	answer	answer is ministerial correction date of answer 04/02/2021 answer text <p>This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties, and nurseries, due to the direct adverse effects of COVID-19, worth about £10 billion.</p><p> </p><p>At the 2020 Spending Review, the Government committed further support to all businesses by freezing the business rates multiplier for 2021-22.</p><p> </p><p>The Government is considering options for reliefs for 2021-22. As announced in a Written Ministerial Statement on 3 February, the Government will outline the next round of COVID-19 support measures at Budget.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/02/2021 17:08:56 answering member 3991 label Biography information for Jesse Norman
	tabling member	4677 label Biography information for Giles Watling

685408

	registered interest
	date	06/02/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	VAT: Take-away Food
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate has he made of the amount of VAT that has been raised in respect of hot takeaway food in each of the last three years.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	63145
	answer	answer is ministerial correction date of answer 09/02/2017 answer text <p>The information requested is not held.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 09/02/2017 16:04:49 answering member 3918 label Biography information for Jane Ellison
	tabling member	1527 label Biography information for Mr Douglas Carswell

429338

	registered interest
	date	19/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what account his Department took when preparing the Charter for Budget Responsibility, of the effect of (a) the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union and (b) future EU treaty change in respect of that Treaty.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	17027
	answer	answer is ministerial correction date of answer 24/11/2015 answer text <p>The UK is not a signatory of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, which is also known as the ‘Fiscal Compact.’ The signatories of the Fiscal Compact have committed to incorporate it into the main EU treaties, within five years of it entering into force. However, it would be premature to speculate on the conclusions of future treaty change negotiations in respect of the Fiscal Compact, which will require unanimous agreement amongst all other Member States, including the UK.</p><p>However, the UK does participate in the EU’s Stability and Growth Pact, which sets rules on Member States’ debt and deficits, although, unlike other Member States the UK cannot face any sanction under this process.</p><p>The updated Charter for Budget Responsibility, which sets out the government’s fiscal and debt management objectives and the fiscal mandate, states the government must explain in each Budget Report how all significant fiscal policy measures introduced by the government since the last Budget maintain the path of the public finances in a position consistent with the government’s European commitments.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 24/11/2015 14:25:01 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

432640

	registered interest
	date	26/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Debt Management Office
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has to improve the transparency and accountability to (a) Government and (b) Parliament of the UK Debt Management Office.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	17792
	answer	answer is ministerial correction date of answer 02/12/2015 answer text <p>The UK Debt Management Office’s (DMO) key objectives are required to be met with due regard to the principles of ‘openness, transparency and predictability’, as set out in the annual Debt and Reserves Management Report. The DMO publishes and lays before Parliament its annual Business Plan and Annual Report and Accounts (and also publishes an Annual Review), providing information about its operations in line with these objectives. As an Executive Agency of the Treasury, the Chief Executive of the DMO is accountable to government and parliament, as set out in the DMO’s Executive Agency Framework Document.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/12/2015 17:39:52 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

449765

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Islam
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many buildings in London are part of his Department's sukuk bond scheme.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	25405
	answer	answer is ministerial correction date of answer 12/02/2016 answer text <p>In the Sukuk structure, rental payments provide the income for investors. When the Sovereign Sukuk were issued in July 2014 the profit rate was set at 2.036% in line with the yield on gilts of similar maturity, making the investor return on the Sukuk broadly equivalent to that on conventional gilts of similar maturity.</p><p> </p><p>Three central government properties form the underlying assets which underpin the Sukuk.</p><p> </p><p>The Government was clear at the time of issuance that the Sukuk issuance was not for debt financing purposes. Instead, it was issued to deliver on the government’s commitment to become the western hub for Islamic finance. The issuance showed that the UK is open for business with all parts of the world and provided high quality capital to UK-based Islamic banks.</p><p> </p><p>UK based institutions that offer Islamic finance services are contributing to jobs and growth with assets totalling $4.5bn at the end of 2014.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 25403 25555 question first answered 12/02/2016 13:55:38 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

449766

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Islam
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the rental income generated for investors in his Department's sukuk bond scheme is equivalent to that of the coupon paid from a June 2014 Government five-year gilt.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	25403
	answer	answer is ministerial correction date of answer 12/02/2016 answer text <p>In the Sukuk structure, rental payments provide the income for investors. When the Sovereign Sukuk were issued in July 2014 the profit rate was set at 2.036% in line with the yield on gilts of similar maturity, making the investor return on the Sukuk broadly equivalent to that on conventional gilts of similar maturity.</p><p> </p><p>Three central government properties form the underlying assets which underpin the Sukuk.</p><p> </p><p>The Government was clear at the time of issuance that the Sukuk issuance was not for debt financing purposes. Instead, it was issued to deliver on the government’s commitment to become the western hub for Islamic finance. The issuance showed that the UK is open for business with all parts of the world and provided high quality capital to UK-based Islamic banks.</p><p> </p><p>UK based institutions that offer Islamic finance services are contributing to jobs and growth with assets totalling $4.5bn at the end of 2014.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 25405 25555 question first answered 12/02/2016 13:55:38 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

449932

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Islam
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department made of the merits of other potential methods of debt insurance before authorising use of government buildings in London as security for the sukuk bonds.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	25555
	answer	answer is ministerial correction date of answer 12/02/2016 answer text <p>In the Sukuk structure, rental payments provide the income for investors. When the Sovereign Sukuk were issued in July 2014 the profit rate was set at 2.036% in line with the yield on gilts of similar maturity, making the investor return on the Sukuk broadly equivalent to that on conventional gilts of similar maturity.</p><p> </p><p>Three central government properties form the underlying assets which underpin the Sukuk.</p><p> </p><p>The Government was clear at the time of issuance that the Sukuk issuance was not for debt financing purposes. Instead, it was issued to deliver on the government’s commitment to become the western hub for Islamic finance. The issuance showed that the UK is open for business with all parts of the world and provided high quality capital to UK-based Islamic banks.</p><p> </p><p>UK based institutions that offer Islamic finance services are contributing to jobs and growth with assets totalling $4.5bn at the end of 2014.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 25403 25405 question first answered 12/02/2016 13:55:39 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

450182

	registered interest
	date	03/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services Compensation Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the level of potential exposure to risk transferred to the public purse due to the introduction of the Financial Services Compensation Scheme.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	25582
	answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>The Treasury publishes annually an assessment of risk from the Government’s financial interventions, including the risk borne by the Financial Services Compensation Scheme (FSCS) due to these interventions. This was most recently disclosed in the Treasury Group 2014/15 Annual Accounts published in July last year.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 08/02/2016 16:27:57 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

450183

	registered interest
	date	03/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Accountancy
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions his Department had with the International Accounting Standards Board on the effect of conversion to IFRS accounting standards for financial services companies on leverage ratios for those companies.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	25583
	answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>In the UK, listed companies have been required to use International Financial Reporting Standards (IFRS) since 2005. Banks who are not required to use IFRS are able to choose between using IFRS or using UK Generally Accepted Accounting Principles.</p><p> </p><p>This Government has not had any discussions with the International Accounting Standards Board around the effect of companies being required to convert to IFRS, though continues to engage with that body and all others involved in setting standards for the financial services sector.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 08/02/2016 16:29:03 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

479525

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Blockchain
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what planning his Department is undertaking to facilitate private sector investment in the scalability of the proofs-of-work aspects of blockchain technology; and what discussions he has had with the Bank of England on that topic.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31545
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.</p><p> </p><p>The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.</p><p> </p><p>As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.</p><p> </p><p>Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.</p><p> </p><p>It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.</p><p> </p><p>The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.</p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 31556 31557 31558 31559 question first answered 22/03/2016 16:41:28 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

479528

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what planning his Department is undertaking in relation to the effect of crypto-currencies on traditional banking models.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31557
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.</p><p> </p><p>The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.</p><p> </p><p>As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.</p><p> </p><p>Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.</p><p> </p><p>It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.</p><p> </p><p>The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.</p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 31545 31556 31558 31559 question first answered 22/03/2016 16:41:28 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

479529

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Blockchain
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what planning his Department is undertaking on the collation of block chain data; and what discussions he has had with the Bank of England on that topic.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31559
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.</p><p> </p><p>The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.</p><p> </p><p>As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.</p><p> </p><p>Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.</p><p> </p><p>It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.</p><p> </p><p>The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.</p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 31545 31556 31557 31558 question first answered 22/03/2016 16:41:29 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

479530

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether he plans to implement the University College London RSCoin proposal.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31558
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.</p><p> </p><p>The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.</p><p> </p><p>As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.</p><p> </p><p>Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.</p><p> </p><p>It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.</p><p> </p><p>The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.</p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 31545 31556 31557 31559 question first answered 22/03/2016 16:41:29 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

479531

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with the Bank of England on utilising the University College London RSCoin proposal as an alternative to Western Union, CHAPS, BACS and the Faster Payment Service.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31556
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.</p><p> </p><p>The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.</p><p> </p><p>As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.</p><p> </p><p>Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.</p><p> </p><p>It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.</p><p> </p><p>The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.</p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 31545 31557 31558 31559 question first answered 22/03/2016 16:41:29 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1527 label Biography information for Mr Douglas Carswell

386524

	registered interest
	date	30/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Intelligence Services: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans his Department has to change the budget of the Single Intelligence Account in 2015-16.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	4781
	answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>The budget for the SIA in 2015-16 was set at the Spending Review of 2013. In November 2014, in his response to the Intelligence and Security Committee’s report on the murder of Fusilier Lee Rigby, the Prime Minister announced an additional £130m over two years to address the increased threat of terrorism, including new funding to enhance our ability to monitor and disrupt self-starting terrorists.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 08/07/2015 08:01:19 answering member 1526 label Biography information for Greg Hands
	tabling member	1527 label Biography information for Mr Douglas Carswell

417554

	registered interest
	date	08/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector: Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the savings that will accrue to the public purse from capping public sector pay increases at 1 per cent in each of (a) 2016-17, (b) 2017-18, (c) 2018-19, (d) 2019-20 and (e) 2020-21.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	9624
	answer	answer is ministerial correction date of answer 16/09/2015 answer text <p>At Summer Budget the government reiterated the need to continue to take tough decisions on public sector pay, in order to improve the public finances while protecting the quality of public services and jobs.</p><p> </p><p> </p><p> </p><p>Therefore the government announced that it will fund public sector workforces for an average pay award of 1% for 4 years from 2016-17 onwards. This will save approximately £5 billion by 2019-20.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/09/2015 10:22:36 answering member 1526 label Biography information for Greg Hands
	tabling member	1527 label Biography information for Mr Douglas Carswell

417558

	registered interest
	date	08/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector: Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assumptions his Department made about the likely percentage growth of public sector pay in (a) 2016-17, (b) 2017-18, (c) 2018-19, (d) 2019-20 and (e) 2020-21 before announcing the policy of a one per cent cap on public sector pay increases in the Summer Budget 2015.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	9659
	answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>The Treasury considered OBR’s forecasts of inflation and public sector workforce size before announcing the policy of a one per cent cap on public sector pay increases in the Summer Budget 2015.</p><p> </p><p> </p><p> </p><p>The latest OBR forecasts are published alongside the Summer Budget 2015, and are available here: <a href="http://budgetresponsibility.org.uk/economic-fiscal-outlook-july-2015/" target="_blank">http://budgetresponsibility.org.uk/economic-fiscal-outlook-july-2015/</a></p><p> </p><p> </p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 14/09/2015 15:09:24 answering member 1526 label Biography information for Greg Hands
	tabling member	1527 label Biography information for Mr Douglas Carswell

479532

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector: Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the guidance note on public sector pay and terms published by his Department on 5 February 2016, whether he plans to place that guidance on a statutory footing; and if he will make a statement.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	31588
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>There are no current plans to place the guidance note on public sector pay and terms on a statutory footing.</p><p> </p><p>The note is a reminder of the rules that are in place and the Government’s expectations on public sector employers.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 22/03/2016 16:42:53 answering member 1526 label Biography information for Greg Hands
	tabling member	1527 label Biography information for Mr Douglas Carswell

1083542

	registered interest
	date	07/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Services: Children
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to paragraph 5.16 of Budget 2018, what proportion of the £410 million for adult and children's social care will be allocated to children’s social care.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	229732
	answer	answer is ministerial correction date of answer 13/03/2019 answer text <p>Autumn Budget 2018 provided a further £410 million in 2019-20 for adults and children’s social care. Where necessary, local councils should use this funding to ensure that adult social care pressures do not create additional demand on the NHS. Local councils can also use it to improve their social care offer for older people, people with disabilities and children.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 13/03/2019 14:08:19 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4677 label Biography information for Giles Watling

901342

	registered interest
	date	10/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Benefit: Apprentices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department plans to allow low income families to continue claiming child benefit if their child undertakes an apprenticeship.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	142930
	answer	answer is ministerial correction date of answer 16/05/2018 answer text <p>Child Benefit and Child Tax Credit support parents with the extra costs of raising a child. Both are payable for children until 31st August following their 16th birthday. After this, the young person must satisfy additional conditions: they must remain in full-time, non-advanced education up to and including A-level/GNVQ level 3, or equivalent, or they must be undertaking a course of approved training. If a young person is undertaking a paid apprenticeship, or they are in training or education by virtue of a contract of employment, the family is no longer eligible.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 142931 question first answered 16/05/2018 13:13:20 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4677 label Biography information for Giles Watling

901343

	registered interest
	date	10/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Tax Credits: Apprentices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department plans to make low income families eligible for child tax credits if their child undertakes an apprenticeship.
	tabling member constituency	Clacton
	tabling member printed	Giles Watling
	uin	142931
	answer	answer is ministerial correction date of answer 16/05/2018 answer text <p>Child Benefit and Child Tax Credit support parents with the extra costs of raising a child. Both are payable for children until 31st August following their 16th birthday. After this, the young person must satisfy additional conditions: they must remain in full-time, non-advanced education up to and including A-level/GNVQ level 3, or equivalent, or they must be undertaking a course of approved training. If a young person is undertaking a paid apprenticeship, or they are in training or education by virtue of a contract of employment, the family is no longer eligible.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 142930 question first answered 16/05/2018 13:13:20 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4677 label Biography information for Giles Watling

429337

	registered interest
	date	19/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits
	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 number of households with dependents under the age of 18 that will be affected by the draft Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	17025
	answer	answer is ministerial correction date of answer 24/11/2015 answer text <p>This information is not available.</p><br /><p>This Government is committed to moving from a high welfare, high tax, low wage economy to a lower welfare, lower tax, higher wage society. As the Chancellor has made clear, the Government will set out at Autumn Statement how we plan to achieve the same goal of reforming tax credits, saving the money we need to save to secure our economy, while at the same time helping in the transition.</p><br /> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 24/11/2015 14:15:22 answering member 3969 label Biography information for Damian Hinds
	tabling member	1527 label Biography information for Mr Douglas Carswell

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

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

76699

	registered interest
	date	09/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Trade with EU: Germany
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the number of jobs in Germany associated with trade with the UK.
	tabling member constituency	Clacton
	tabling member printed	Mr Douglas Carswell
	uin	204733
	answer	answer is ministerial correction date of answer 16/07/2014 answer text <p>The Treasury has made no such assessment.</p><p> </p><p>The Treasury continues to monitor developments in Germany and other major economies on an on-going basis as part of the normal process of policy development.</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/07/2014 16:25:49 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1527 label Biography information for Mr Douglas Carswell