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1737178
registered interest false more like this
date less than 2024-10-25more like thismore than 2024-10-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Monetary Policy: Inflation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of quantitative easing on inflation. more like this
tabling member constituency Great Yarmouth more like this
tabling member printed
Rupert Lowe more like this
uin 11201 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-29more like thismore than 2024-10-29
answer text <p>The Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary Policy Committee at the Bank of England.</p><p> </p><p>The government remains committed to monetary policy independence, and rightly does not comment on the conduct or effectiveness of monetary policy.</p><p> </p><p>The Bank of England regularly conducts and publishes analysis on the inflationary impact of its monetary policy, including quantitative easing and quantitative tightening.</p><p><strong> </strong></p> more like this
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
question first answered
less than 2024-10-29T16:37:32.233Zmore like thismore than 2024-10-29T16:37:32.233Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member 5158
1736918
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading National Insurance Credits more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of allowing parents to retrospectively claim National Insurance credits if they were eligible for child benefit but did not claim them. more like this
tabling member constituency Chesham and Amersham more like this
tabling member printed
Sarah Green more like this
uin 11059 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-30more like thismore than 2024-10-30
answer text <p>The Government keeps all tax policy under review.</p> more like this
answering member constituency Ealing North more like this
answering member printed James Murray more like this
question first answered
less than 2024-10-30T07:57:12.09Zmore like thismore than 2024-10-30T07:57:12.09Z
answering member
4797
label Biography information for James Murray more like this
tabling member
4918
label Biography information for Sarah Green more like this
1736974
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Individual Savings Accounts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Lifetime ISA withdrawal limit for home purchases in London in the context of average house prices in London in 2024. more like this
tabling member constituency Dulwich and West Norwood more like this
tabling member printed
Helen Hayes more like this
uin 11012 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-29more like thismore than 2024-10-29
answer text <p>The Lifetime ISA (LISA) property price cap supports most first-time buyers across the UK while targeting households that might find it most difficult to get on the property ladder. Data from the latest <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flandregistry.data.gov.uk%2Fapp%2Fukhpi%2Fbrowse%3Ffrom%3D2022-08-01%26location%3Dhttp%253A%252F%252Flandregistry.data.gov.uk%252Fid%252Fregion%252Fsouth-east%26to%3D2023-12-01%26lang%3Den&amp;data=05%7C02%7CJyothi.Chapman%40hmtreasury.gov.uk%7C673151afe4804e6b16b308dc1dc2dca5%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638417969960891136%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=t5fbnmbNb4ZzDKtafFFzWgP6dFa0KNEGufHcJ100Y0A%3D&amp;reserved=0" target="_blank">UK House Price Index</a> shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.</p><p>Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the Government bonus, any interest or growth arising from it, and a proportion of the individual’s initial savings.</p><p>The Government keeps all aspects of savings tax policy under review.</p>
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
grouped question UIN 11013 more like this
question first answered
less than 2024-10-29T17:56:12.41Zmore like thismore than 2024-10-29T17:56:12.41Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member
4510
label Biography information for Helen Hayes more like this
1736975
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Individual Savings Accounts: First Time Buyers more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if she will review the Lifetime ISA withdrawal limit to support first time buyers in London. more like this
tabling member constituency Dulwich and West Norwood more like this
tabling member printed
Helen Hayes more like this
uin 11013 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-29more like thismore than 2024-10-29
answer text <p>The Lifetime ISA (LISA) property price cap supports most first-time buyers across the UK while targeting households that might find it most difficult to get on the property ladder. Data from the latest <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flandregistry.data.gov.uk%2Fapp%2Fukhpi%2Fbrowse%3Ffrom%3D2022-08-01%26location%3Dhttp%253A%252F%252Flandregistry.data.gov.uk%252Fid%252Fregion%252Fsouth-east%26to%3D2023-12-01%26lang%3Den&amp;data=05%7C02%7CJyothi.Chapman%40hmtreasury.gov.uk%7C673151afe4804e6b16b308dc1dc2dca5%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638417969960891136%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=t5fbnmbNb4ZzDKtafFFzWgP6dFa0KNEGufHcJ100Y0A%3D&amp;reserved=0" target="_blank">UK House Price Index</a> shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.</p><p>Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the Government bonus, any interest or growth arising from it, and a proportion of the individual’s initial savings.</p><p>The Government keeps all aspects of savings tax policy under review.</p>
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
grouped question UIN 11012 more like this
question first answered
less than 2024-10-29T17:56:12.44Zmore like thismore than 2024-10-29T17:56:12.44Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member
4510
label Biography information for Helen Hayes more like this
1737059
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Lotteries: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential revenue loss from large society lotteries who should be paying lottery duty due to not meeting social responsibility requirements but have not. more like this
tabling member constituency Gosport more like this
tabling member printed
Dame Caroline Dinenage more like this
uin 10985 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-29more like thismore than 2024-10-29
answer text <p>Exemptions are permitted from Lottery Duty including for lotteries run as Large Society Lotteries under the terms of the Gambling Act 2005.</p><p> </p><p>Regulatory responsibility for those lotteries lies with the Gambling Commission. Society lotteries require a licence to operate from the Gambling Commission and are tightly regulated.</p><p> </p> more like this
answering member constituency Ealing North more like this
answering member printed James Murray more like this
question first answered
less than 2024-10-29T17:09:37.26Zmore like thismore than 2024-10-29T17:09:37.26Z
answering member
4797
label Biography information for James Murray more like this
tabling member
4008
label Biography information for Dame Caroline Dinenage more like this
1737127
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what steps she is taking with Cabinet colleagues to support the growth of co-operatives. more like this
tabling member constituency Cannock Chase more like this
tabling member printed
Josh Newbury more like this
uin 900978 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-31more like thismore than 2024-10-31
answer text <p>The Government recognises the important contribution of co-operatives to the economy, serving local communities around the UK and ensuring the UK has a diverse business sector with their model of shared ownership. There are currently 7,370 co-operatives operating across the UK, with an annual income of £42.7 billion.</p><p> </p><p>The Government is committed to unlocking the full potential of the mutual and co-operative sector to support inclusive growth and will work with the sector to ensure it is fully supported to grow.</p><p> </p><p>To help ensure co-operatives legislation is meeting the needs of co-operative and community benefit societies, the Government is funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014. This will consider ways to update and modernise the Act.</p> more like this
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
question first answered
less than 2024-10-31T10:16:31.45Zmore like thismore than 2024-10-31T10:16:31.45Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member 5034
1737128
registered interest false more like this
date less than 2024-10-24more like thismore than 2024-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what steps she is taking with Cabinet colleagues to support new co-operatives and mutuals. more like this
tabling member constituency Stoke-on-Trent Central more like this
tabling member printed
Gareth Snell more like this
uin 900981 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-31more like thismore than 2024-10-31
answer text <p>The Government recognises the important contribution of co-operatives and mutuals to the economy, serving local communities around the UK and ensuring the UK has a diverse business sector with their model of shared ownership. According to the Co-operative and Mutual Economy Report 2024, there are currently 9,342 mutual and co-operative businesses in the UK, with an annual income of £165.7 billion.</p><p> </p><p>The Government is committed to unlocking the full potential of the mutual and co-operative sector to support inclusive growth and will work with the sector to ensure it is fully supported to grow.</p><p> </p><p>To help ensure co-operatives legislation is meeting the needs of co-operative and community benefit societies, the Government is funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014. This will consider ways to update and modernise the Act.</p> more like this
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
question first answered
less than 2024-10-31T10:18:06.763Zmore like thismore than 2024-10-31T10:18:06.763Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member
4595
label Biography information for Gareth Snell more like this
1736542
registered interest false more like this
date less than 2024-10-23more like thismore than 2024-10-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Ukraine: Overseas Loans more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether the £2.26bn loan for Ukraine will be included in the GDP figure for defence expenditure. more like this
tabling member constituency South Suffolk more like this
tabling member printed
James Cartlidge more like this
uin 10746 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-28more like thismore than 2024-10-28
answer text <p>The UK’s contribution to the ERA will be provided to the Government of Ukraine as a loan from the UK Government, for them to spend on military procurement. Because it is not direct UK defence spending, HMG’s assessment is the £2.26bn ERA loan will therefore not count as NATO qualifying UK defence spending.</p><p>It will be in addition to current NATO qualifying UK defence spending.</p> more like this
answering member constituency Bristol North West more like this
answering member printed Darren Jones more like this
question first answered
less than 2024-10-28T18:04:17.173Zmore like thismore than 2024-10-28T18:04:17.173Z
answering member
4621
label Biography information for Darren Jones more like this
tabling member
4519
label Biography information for James Cartlidge more like this
1736544
registered interest false more like this
date less than 2024-10-23more like thismore than 2024-10-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Ukraine: Overseas Loans more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the Oral Statement of 22 October 2024 on Ukraine, Official Report, columns 183-4, whether she has had discussions with her Ukrainian counterpart on the proportion of the £2.26 billion loan to Ukraine that will be spent on the UK defence industry. more like this
tabling member constituency South Suffolk more like this
tabling member printed
James Cartlidge more like this
uin 10748 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-28more like thismore than 2024-10-28
answer text <p>With regard to the UK’s disbursement of its £2.26bn contribution to the Extraordinary Revenue Acceleration scheme, the loan agreement and full terms remain in discussion and no decision has yet been made on what Ukraine will buy using this money. The UK intends to begin disbursing this money from early next year.</p><p> </p> more like this
answering member constituency Bristol North West more like this
answering member printed Darren Jones more like this
question first answered
less than 2024-10-28T18:05:56.8Zmore like thismore than 2024-10-28T18:05:56.8Z
answering member
4621
label Biography information for Darren Jones more like this
tabling member
4519
label Biography information for James Cartlidge more like this
1736563
registered interest false more like this
date less than 2024-10-23more like thismore than 2024-10-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading UK Trade with EU more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of leaving the European (a) Customs Union and (b) Single Market on growth. more like this
tabling member constituency Arbroath and Broughty Ferry more like this
tabling member printed
Stephen Gethins more like this
uin 10736 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-10-29more like thismore than 2024-10-29
answer text <p>The UK economy has experienced significant disruption in recent years due to a range of factors including Covid-19, supply chain disruption and the invasion of Ukraine by Russia. It remains challenging to separate out the effects of leaving the Customs Union and Single Market from wider global trends affecting the UK economy.</p><p> </p><p>It is for the Office for Budget Responsibility (OBR) to provide independent and authoritative analysis and forecasting for the UK public finances. The OBR has estimated that productivity will be 4% lower in the long run than it would have been had the UK not withdrawn from the EU, and that imports and exports will eventually both be 15 per cent lower than had we stayed in the EU. The OBR estimated in March 2024 that 40% of this impact has already materialised.</p> more like this
answering member constituency Hampstead and Highgate more like this
answering member printed Tulip Siddiq more like this
question first answered
less than 2024-10-29T13:57:22.823Zmore like thismore than 2024-10-29T13:57:22.823Z
answering member
4518
label Biography information for Tulip Siddiq more like this
tabling member
4434
label Biography information for Stephen Gethins more like this