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418398

registered interest
date	11/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Compensation
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 his EU counterparts and the European Commission on retaining the level of UK bank deposit guarantees at £85,000; and what estimate he has made of the level of funds set aside for such guarantees in (a) 2015 and (b) 2016.
tabling member constituency	Bury North
tabling member printed	Mr David Nuttall
uin	10016
answer	answer is ministerial correction date of answer 16/09/2015 answer text <p>As with any new EU legislation, HM Treasury engaged in discussions with the European Commission and other EU member states during the negotiation of the Deposit Guarantee Schemes Directive, and following its adoption in order to manage the transposition effectively. HM Treasury laid a statutory instrument to ensure that UK depositors would not be exposed to a sudden reduction in the level of protection to which they are entitled from the Financial Services Compensation Scheme (FSCS).</p><p> </p><p> </p><p> </p><p>FSCS compensation is funded by levies on regulated financial services firms, within a limit which is set by the Financial Conduct Authority and Prudential Regulation Authority.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 16/09/2015 16:44:10 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4140 label Biography information for Mr David Nuttall

418279

registered interest
date	10/09/2015
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, how much inheritance tax was collected in each of the last twelve months for which figures are available.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	9848
answer	answer is ministerial correction date of answer 15/09/2015 answer text <p>HM Revenue and Customs publishes a monthly summary of tax and National Insurance Contributions receipts. The most recent summary was published on 21<sup>st</sup> August 2015. This is available online at <a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a> and includes monthly Inheritance Tax receipts up to and including July 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 15/09/2015 15:57:52 answering member 1529 label Biography information for Mr David Gauke
tabling member	4418 label Biography information for Justin Madders

418010

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Housing Stock
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 effect of changes to (a) tax relief to landlords and (b) regulations on buy to let mortgages on the number of homes (i) built and (ii) available to rent in the next five years.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	9736
answer	answer is ministerial correction date of answer 16/09/2015 answer text <p>The Government expects the restriction to tax relief for finance costs for individual residential landlords to have a minimal impact on house building in the UK. Overall, the OBR believes the impact on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices. The Productivity Plan published alongside the Summer Budget includes a number of measures to make the planning system quicker, cheaper and more responsive to local housing needs.</p><p> </p><p> </p><p> </p><p>HM Treasury expects a minimal impact on the supply of property in the private rented sector in the UK. The measure is expected to impact fewer than 1 in 5 landlords and will be introduced gradually from April 2017 over 4 years to give landlords time to adjust. The Budget also announced increased Rent a Room relief, which can help to increase levels of private rented accommodation. The Government is taking significant steps to support housing supply with housing starts now at a 7 year high.</p><p> </p><p> </p><p> </p><p>Consumer buy-to-let mortgages will become regulated in March 2016 as part of the implementation of the EU Mortgage Credit Directive. However, independently verified government analysis suggests that approximately 86% of the market will remain unregulated, and that the costs imposed by this change are not of a sufficient scale to affect the supply of rental properties in the UK.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 16/09/2015 15:37:20 answering member 1529 label Biography information for Mr David Gauke
tabling member	1565 label Biography information for Sir Philip Davies

418047

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Personal Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the effect was of the tax and benefit changes announced in the Budget on median household income in each income quintile.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	9827
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>Distributional analysis of the impact of government policy across the household income distribution was published alongside the Summer Budget, and can be found here: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443229/PU1822_Distributional_Analysis.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443229/PU1822_Distributional_Analysis.pdf</a></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:01:42 answering member 1529 label Biography information for Mr David Gauke
tabling member	163 label Biography information for Sir Stephen Timms

418058

registered interest
date	09/09/2015
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 proportion of estates where liable for inheritance tax in (a) Ellesmere Port and Neston constituency, (b) the North West and (c) England in the last financial year for which figures are available.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	9755
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>The information requested is published each year as part of Table 12.12 of the Inheritance Tax Official statistics, The most recent year for which these figures are available is 2012-13 and can be found at the following link : <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-1212-provisional-numbers-of-taxpaying-estates-passing-on-death-in-2012-to-2013" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-1212-provisional-numbers-of-taxpaying-estates-passing-on-death-in-2012-to-2013</a>.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 14:57:43 answering member 1529 label Biography information for Mr David Gauke
tabling member	4418 label Biography information for Justin Madders

418141

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Rented Housing
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 potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on the level of housing demand in (a) Scotland and (b) the UK.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	9773
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>Overall, the OBR believes the impact of the restriction to tax relief for finance costs on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:02:59 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray

418142

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Rented Housing
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 potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on the supply of property in the private rented sector in (a) Scotland and (b) the UK.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	9770
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>HM Treasury expects a minimal impact on the supply of property in the private rented sector in Scotland and the UK from changes to restrict tax relief on finance costs. Fewer than 1 in 5 landlords are expected to pay more tax as a result of this measure and it will be introduced gradually from April 2017 over 4 years to give landlords time to adjust. The Budget also announced increased Rent a Room relief, which can help to increase levels of private rented accommodation.</p><p> </p><p> </p><p> </p><p>The Government is taking significant steps to support housing supply with housing starts at a 7 year high. Overall, the OBR believe the impact on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:05:02 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray

418144

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Housing Benefit
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 effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on the overall costs of Housing Benefit in (a) Scotland and (b) the UK.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	9774
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>The overall cost of housing benefit is dependent on a number of factors such as, household and individual circumstances in regards to employment and household income, inflation and rents. The Government does not expect a large impact on rent levels in Scotland and the UK from this policy, and any impact would be dampened in the short term due to other policy decisions. Therefore the government does not anticipate changes to the overall cost of Housing Benefit as a result.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:06:11 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray

418145

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Rented Housing
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 potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on levels of investment in the private rented sector in (a) Scotland and (b) the UK.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	9771
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>The Government expects the restriction to tax relief for finance costs to have a minimal impact on house building in Scotland and the UK. The Productivity Plan published alongside the Summer Budget includes a number of measures to make the planning system quicker, cheaper and more responsive to local needs. Overall, the OBR believe the impact on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:10:59 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray

418146

registered interest
date	09/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Rented Housing
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 potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on the average rent payable in the private rented sector in (a) Scotland and (b) the UK.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	9772
answer	answer is ministerial correction date of answer 14/09/2015 answer text <p>The Government does not expect the restriction to tax relief for finance costs to have a large impact on rent levels in Scotland or the UK due to the small overall proportion of the housing market affected. There are 1.6 million buy to let mortgages outstanding in the UK overall, out of a total private rented sector of 4.4 million households and total housing stock of 22.6 million households in England.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/09/2015 15:18:41 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray