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1644609

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Meetings
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his Department’s declaration of ministerial meetings first published on 15 December 2022, what was the nature of the revision made in the updated version of the document published on 13 June 2023.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	189506
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>The updated HMT Ministerial Transparency return with a corrected date for the then Economic Secretary’s meeting with the Institute of Economic Affairs can be found at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1162416/Ministerial_Transparency_Meetings_July-September_2022.csv/preview" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1162416/Ministerial_Transparency_Meetings_July-September_2022.csv/preview</a></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 19/06/2023 16:47:37 answering member 4850 label Biography information for Gareth Davies
tabling member	1536 label Biography information for Emily Thornberry

1644619

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy Supply: Capital Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the potential fiscal impact of the energy security investment mechanism in each financial year from 2023-24 to the end of 2027-28 in comparison with the latest published forecast by the Office for Budget Responsibility.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	189614
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>The Energy Security Investment Mechanism will permanently disapply the Energy Profits Levy if oil and gas prices fall to historically normal levels for a sustained period before the levy’s March 2028 sunset date.</p><p> </p><p>The Energy Security Investment Mechanism uses 20-year historic averages to the end of 2022 so that it is set at $71.40 per barrel of oil and £0.54 per therm of gas. Government will require average prices to meet or fall below the level of both price thresholds for two successive quarters before disapplying the EPL and will set out further details on how this will work in due course. Based on the latest independent Office for Budget Responsibility’s forecast, the mechanism will not be triggered before the tax’s planned end date in March 2028.</p><p><strong> </strong></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies grouped question UIN 189615 189616 question first answered 19/06/2023 14:25:56 answering member 4850 label Biography information for Gareth Davies
tabling member	4591 label Biography information for Sarah Olney

1644620

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of including provision in the Energy Security Investment Mechanism for the Energy Profits Levy tax rate of 75 per cent on North Sea oil and gas production to be reapplied if oil and gas prices exceed the 20-year historic average for two consecutive quarters.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	189615
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>The Energy Security Investment Mechanism will permanently disapply the Energy Profits Levy if oil and gas prices fall to historically normal levels for a sustained period before the levy’s March 2028 sunset date.</p><p> </p><p>The Energy Security Investment Mechanism uses 20-year historic averages to the end of 2022 so that it is set at $71.40 per barrel of oil and £0.54 per therm of gas. Government will require average prices to meet or fall below the level of both price thresholds for two successive quarters before disapplying the EPL and will set out further details on how this will work in due course. Based on the latest independent Office for Budget Responsibility’s forecast, the mechanism will not be triggered before the tax’s planned end date in March 2028.</p><p><strong> </strong></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies grouped question UIN 189614 189616 question first answered 19/06/2023 14:25:56 answering member 4850 label Biography information for Gareth Davies
tabling member	4591 label Biography information for Sarah Olney

1644621

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy Supply: Capital Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has produced a timetable for implementation of the energy security investment mechanism.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	189616
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>The Energy Security Investment Mechanism will permanently disapply the Energy Profits Levy if oil and gas prices fall to historically normal levels for a sustained period before the levy’s March 2028 sunset date.</p><p> </p><p>The Energy Security Investment Mechanism uses 20-year historic averages to the end of 2022 so that it is set at $71.40 per barrel of oil and £0.54 per therm of gas. Government will require average prices to meet or fall below the level of both price thresholds for two successive quarters before disapplying the EPL and will set out further details on how this will work in due course. Based on the latest independent Office for Budget Responsibility’s forecast, the mechanism will not be triggered before the tax’s planned end date in March 2028.</p><p><strong> </strong></p> answering member constituency Grantham and Stamford answering member printed Gareth Davies grouped question UIN 189614 189615 question first answered 19/06/2023 14:25:56 answering member 4850 label Biography information for Gareth Davies
tabling member	4591 label Biography information for Sarah Olney

1644622

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy Supply: Capital Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the energy security investment mechanism will apply to renewable electricity generators.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	189617
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>The energy Security Investment Mechanism will apply to the Energy profits Levy only. The EGL and EPL have fundamentally different designs as the EPL is applied to total profits and EGL is applied to a measure of exemptional returns.</p><p> </p><p>If wholesale electricity prices consistently fall below the EGL’s benchmark price, for many generators, the levy would cease to apply. Should the crisis abate and prices fall below the benchmark price, the revenue forecast from the levy will not materialise and consideration would be given to the tax’s ongoing application.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 19/06/2023 12:46:38 answering member 4850 label Biography information for Gareth Davies
tabling member	4591 label Biography information for Sarah Olney

1644663

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Committee of Privileges: Legal Costs
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department approved the cost of legal advice provided to the former Rt hon. Member for Uxbridge for the investigation into his conduct by the Committee of Privileges.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	189633
answer	answer is ministerial correction date of answer 21/06/2023 answer text <p>I refer the Hon. member to the answer given on 22 March to PQ UIN 168062: https://questions-statements.parliament.uk/written-questions/detail/2023-03-17/168062</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/06/2023 08:22:46 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1644681

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the impact of mortgage lenders passing on costs through early repayment fees on consumers.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	189646
answer	answer is ministerial correction date of answer 20/06/2023 answer text <p>The pricing of mortgages, including early repayment charges, is a commercial decision for lenders in which the Government does not intervene.</p><p> </p><p>However, Financial Conduct Authority rules set out that lenders should not impose early repayment charges at a level that is more than a reasonable pre-estimate of the costs that would be incurred as a result of a loan being terminated early.</p><p> </p><p>Consumers should also be given adequate information about the existence of these charges in the pre-sale disclosure documents lenders are required to give them.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/06/2023 16:30:51 answering member 4874 label Biography information for Andrew Griffith
tabling member	4518 label Biography information for Tulip Siddiq

1644694

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Darlington Economic Campus: Costs
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the average annual cost of the Darlington Economic Campus at Feethams House.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	189655
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>HMT is a tenant along with several other departments and the costs of the DEC is managed by the GPA.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 19/06/2023 12:44:47 answering member 4850 label Biography information for Gareth Davies
tabling member	4820 label Biography information for Abena Oppong-Asare

1644696

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Darlington
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much money his Department spent in (a) 2022 and (b) 2023 on (i) standard class and (ii) first class train tickets for the purpose of staff travel to the Darlington Economic Campus.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	189657
answer	answer is ministerial correction date of answer 19/06/2023 answer text <p>HM Treasury’s senior civil servant travel is published as part of HMT’s on-going commitment to transparent reporting and can be found on gov.uk. Please see link below;</p><p> </p><p>https://www.gov.uk/government/collections/senior-officials-expenses</p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 19/06/2023 14:33:47 answering member 4850 label Biography information for Gareth Davies
tabling member	4820 label Biography information for Abena Oppong-Asare

1644713

registered interest
date	14/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	WHO Framework Convention on Tobacco Control
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much funding his Department has provided in support of the Protocol to Eliminate Illicit Trade in Tobacco Investment Fund; and if he will make a statement.
tabling member constituency	Dewsbury
tabling member printed	Mark Eastwood
uin	189665
answer	answer is ministerial correction date of answer 20/06/2023 answer text <p>There has been no contribution from the UK Government to the Protocol to Eliminate Illicit Trade in Tobacco Products (the Protocol) Investment Fund. The UK does not hold information on the contributions of other Parties.</p><p> </p><p>The Investment Fund is not yet operational and requires an Oversight Committee to be established. We would expect fundraising to commence after this is formed.</p><p> </p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies grouped question UIN 189666 question first answered 20/06/2023 16:37:03 answering member 4850 label Biography information for Gareth Davies
tabling member	4807 label Biography information for Mark Eastwood