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1148378

registered interest
date	04/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inflation and Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what comparative assessment he has made of rates of wage growth and inflation.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294713
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The fundamentals of the British economy are strong – wages are growing at the fastest rate in over a decade, employment is at a joint record high and the unemployment rate is at its lowest in over 40 years. Inflation has been at or around target since the start of 2019, and as a result wages have now outpaced inflation on a CPI basis for over a year.</p><p>On 1 April 2019, we increased the National Living Wage by 4.9% to £8.21 - an above inflation increase which meant that a full-time worker on the National Living Wage would be earning £690 more over the coming year. Supported by the National Living Wage, the lowest earners have seen their wages grow by 8% above inflation between April 2015 and April 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/10/2019 12:08:40 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord

1148149

registered interest
date	03/10/2019
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 estimate his Department has made of the total revenue the public purse has forgone due to the freeze in fuel duty since 2011.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294158
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Based on the Office for Budget Responsibility’s (OBR) published policy costings, we estimate the cumulative loss to the Exchequer from the successive fuel duty freezes from financial year 2011-12 to the current financial year 2018-19 to be around £46.2bn to the benefit of the UK taxpayer.</p><p> </p><p>The annual impacts on the Exchequer are reported in the table below.</p><table><tbody><tr><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p>2011-12</p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td colspan="3"><p>Exchequer impact (£m)</p></td><td><p>-2,275</p></td><td><p>-3,465</p></td><td><p>-4,645</p></td><td><p>-5,800</p></td><td><p>-6,375</p></td><td><p>-6,815</p></td><td><p>-7,875</p></td><td><p>-8,070</p></td></tr></tbody></table><p> </p><p>The OBR’s policy costings are available at the following link:</p><p> </p><p><a href="https://obr.uk/download/policy-measures-database/" target="_blank">https://obr.uk/download/policy-measures-database/</a></p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:52:31 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148150

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth can be attributed to financial technology in the last five years.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294159
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote Fintech can be found in the Fintech Sector Strategy, published in March 2018.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:55:59 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148155

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the cost to consumers of private motor insurance auto-renewals.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294164
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The FCA has published this month its interim report into General Insurance Pricing Practices. Consumers should always be able to get a fair deal and it is vital that the FCA comes to a solution that will achieve this important outcome as quickly as possible.</p><p> </p><p>It is for regulators to determine the powers they use to address problems in the markets they regulate. If needed, the Government has committed to legislate to give regulators new powers to stop loyal customers being taken advantage of.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 13:50:32 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord

1148024

registered interest
date	02/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many retail bank branches there are per head of population.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	293551
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>HM Treasury does not hold this information. However, the House of Commons Library published a report on ‘Bank branch and ATM statistics’ on 17 May 2019 which includes helpful information on this topic, based on ONS data.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/10/2019 14:03:01 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord

1145033

registered interest
date	05/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Roads: Repairs and Maintenance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will allocate a fixed proportion of road tax receipts for the repair of roads.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	287534
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The government is delivering its commitment to hypothecate English Vehicle Excise Duty to roads spending, and has announced that the National Roads Fund will be £28.8 billion between 2020-25. From this, we expect £25.3 billion to be spent on the Road Investment Strategy 2, which will repair, renew and enhance the Strategic Road Network. The remaining £3.5 billion will be spent on local roads, with major structural renewals eligible for funding.</p><p> </p><p>On top of this, we have allocated £6.6 billion between 2015 and 2021 to local highway authorities in England, outside London, for highways maintenance.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 09/09/2019 15:26:05 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1145034

registered interest
date	05/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Roads: Repairs and Maintenance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will allocate a fixed proportion of fuel duty receipts for the repair of roads.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	287535
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Fuel Duty receipts are collected for the consolidated fund. However, all English Vehicle Excise Duty revenues will be set aside for the £28.8bn National Roads Fund from 2020 to provide long term certainty for roads investment.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 09/09/2019 15:23:59 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1144448

registered interest
date	03/09/2019
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, what plans he has to reduce beer duty; and if he will make a statement.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	286201
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government supports consumers, pubs and breweries. To this end, the Government has cut or frozen beer duty at six of the last seven Budgets. These actions have ensured the price of a pint of beer is 14p lower than it otherwise would have been since ending the beer duty escalator in 2013.</p><p> </p><p>All taxes are kept under review and the impact of a change to beer duty is considered at each fiscal event, including its effect on pubs and the wider economy.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 09/09/2019 15:28:28 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1143580

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Football Pools: Excise Duties
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 benefits to football pools of reducing betting duty to 10 per cent.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	285269
answer	answer is ministerial correction date of answer 05/09/2019 answer text <p>No assessment of the impact of reducing the rate of Pool Betting Duty to 10% has been made. Pool Betting Duty covers a range of gambling activity that goes wider than the football pools.</p><p> </p><p>Due to the ease of changing between pools betting and regular betting the Government considers it would put a significant portion of the General Betting Duty receipts at risk – which totalled £619m in 2018-19.</p><p> </p><p>However, all taxes are kept under review.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 05/09/2019 15:59:28 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

997302

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent steps he has taken to ensure the preparedness of HMRC for the UK leaving the EU.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	185033
answer	answer is ministerial correction date of answer 06/11/2018 answer text <p>The Government remains confident we will agree a mutually advantageous deal with the EU.</p><p> </p><p>It is however the duty of a responsible Government to continue to prepare for a range of potential outcomes including the unlikely event of no deal.</p><p> </p><p>The Chancellor of the Exchequer therefore continues to work closely with HMRC officials and has made funding available to ensure the department is ready for EU exit, whatever the outcome of negotiations.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 06/11/2018 17:46:55 answering member 3935 label Biography information for Mel Stride
tabling member	4090 label Biography information for Mr Jonathan Lord