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1241690

registered interest
date	08/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment Income: Coronavirus
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 effect on pension companies of the decision by some UK listed companies to cancel dividend payments to their shareholders.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	100961
answer	answer is ministerial correction date of answer 16/10/2020 answer text <p>Whilst dividend income is important for pension schemes, they have long-term investment horizons and a range of other sources including fixed income from corporate and sovereign bonds, rental income and capital gains, although many of these are under strain.</p><p>When market conditions recover and firms have rebuilt their balance sheets we anticipate that dividends will be restored.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/10/2020 12:52:59 answering member 4051 label Biography information for John Glen
tabling member	4006 label Biography information for Dr Matthew Offord

1403454

registered interest
date	17/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Venture Capital: Females
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what support his Department provides to help female entrepreneurs to access venture capital finance.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	105487
answer	answer is ministerial correction date of answer 24/01/2022 answer text <p>The government provides three tax-advantaged venture capital schemes: The Enterprise Investment Scheme (EIS), the Seed Enterprise Investment Scheme (SEIS) and Venture Capital Trusts (VCTs).</p><p> </p><p>The schemes provide a range of tax reliefs for investment into small and growing companies. They are designed to encourage investment in higher-risk, early-stage companies which face the biggest challenges in accessing growth capital.</p><p> </p><p>The schemes are popular and well-established with stakeholders and are world-leading in terms of their generosity with over £2.7bn of funds raised across the three schemes in 2019-20.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 24/01/2022 17:40:57 answering member 4527 label Biography information for Helen Whately
tabling member	4006 label Biography information for Dr Matthew Offord

1550470

registered interest
date	12/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to forecasts from the Institute for Fiscal Studies, what assessment he has made of the implications for his Department’s policies of raising £37 billion in tax above that forecast's estimate for July 2022.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	108160
answer	answer is ministerial correction date of answer 19/12/2022 answer text <p>The Office for Budget Responsibility (OBR) published an updated forecast on 23 November alongside the Autumn Statement, which is more recent than the Institute for Fiscal Studies analysis from the summer. The Government took steps at the Autumn Statement to put the public finances on a sustainable path. This required difficult decisions on both tax and spending. The OBR’s forecast took on all changes to the economic and fiscal outlook, including the latest policy decisions by the government. In this forecast, they revised their forecast of Public Sector Current Receipts in 2024-25 to £1,096.0 billion from their March of £1,090.4 billon (up £5.6 billion).</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 19/12/2022 12:32:56 answering member 4399 label Biography information for Victoria Atkins
tabling member	4006 label Biography information for Dr Matthew Offord

1550597

registered interest
date	12/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Rating: Africa
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 accuracy of credit rating agencies in assigning sovereign credit ratings to African countries.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	108176
answer	answer is ministerial correction date of answer 19/12/2022 answer text <p>Credit rating agencies have an important role in rating the investment risk of sovereigns. This allows lenders to assess risk and therefore supports the functioning and development of financial markets.</p><p> </p><p>The Credit Rating Agencies Regulation requires the ratings agencies to publish the methodologies used as well as the factors they have considered in producing the rating.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/12/2022 14:10:41 answering member 4051 label Biography information for John Glen
tabling member	4006 label Biography information for Dr Matthew Offord

1668870

registered interest
date	09/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Fraud
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 effectiveness of his Department's policies to tackle bank (a) fraud and (b) scams.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	1102
answer	answer is ministerial correction date of answer 16/11/2023 answer text <p>The Government takes fraud and scams very seriously and is dedicated to protecting the public from this devastating crime. Tackling fraud and scams requires a unified and co-ordinated response from government, law enforcement and the private sector to better protect the public and businesses, reduce the impact on victims, and increase the disruption and prosecution of fraudsters.</p><p> </p><p>According to data published by the Payment Systems Regulator (PSR) on 31 October, the fourteen largest payment service providers reimbursed a total of £237,219,623 of losses from authorised push payment (APP) fraud. Reimbursement rates varied significantly by firm. As part of the Financial Services and Markets Act 2023, the Government legislated to enable the PSR to mandate payment service providers to reimburse victims of APP scams. This will ensure that victims of APP scams are reimbursed on a more consistent basis and ensure greater consumer protection. The Government also intends to introduce legislation to allow payment service providers to slow down payments processing when there is a reasonable suspicion of fraud. The Government will introduce this legislation in due course.</p><p> </p><p>Beyond this, the Government has taken significant action to address this issue. In May 2022, the Government published its fraud strategy, setting out a number of new measures. For example, the Government announced it will extend the ban on cold calling to cover all consumer financial services and products, and recently consulted on the design and scope of this ban. The Government has also taken action to address fraudulent activity being hosted online through the Online Safety Act 2023, which includes a new standalone duty requiring large internet firms to remove fraudulent content on their platforms.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 1103 question first answered 16/11/2023 17:10:20 answering member 4639 label Biography information for Bim Afolami
tabling member	4006 label Biography information for Dr Matthew Offord

1668871

registered interest
date	09/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Fraud
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 total amount banks have repaid customers that have been victims of (a) fraud and (b) payment scams.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	1103
answer	answer is ministerial correction date of answer 16/11/2023 answer text <p>The Government takes fraud and scams very seriously and is dedicated to protecting the public from this devastating crime. Tackling fraud and scams requires a unified and co-ordinated response from government, law enforcement and the private sector to better protect the public and businesses, reduce the impact on victims, and increase the disruption and prosecution of fraudsters.</p><p> </p><p>According to data published by the Payment Systems Regulator (PSR) on 31 October, the fourteen largest payment service providers reimbursed a total of £237,219,623 of losses from authorised push payment (APP) fraud. Reimbursement rates varied significantly by firm. As part of the Financial Services and Markets Act 2023, the Government legislated to enable the PSR to mandate payment service providers to reimburse victims of APP scams. This will ensure that victims of APP scams are reimbursed on a more consistent basis and ensure greater consumer protection. The Government also intends to introduce legislation to allow payment service providers to slow down payments processing when there is a reasonable suspicion of fraud. The Government will introduce this legislation in due course.</p><p> </p><p>Beyond this, the Government has taken significant action to address this issue. In May 2022, the Government published its fraud strategy, setting out a number of new measures. For example, the Government announced it will extend the ban on cold calling to cover all consumer financial services and products, and recently consulted on the design and scope of this ban. The Government has also taken action to address fraudulent activity being hosted online through the Online Safety Act 2023, which includes a new standalone duty requiring large internet firms to remove fraudulent content on their platforms.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 1102 question first answered 16/11/2023 17:10:20 answering member 4639 label Biography information for Bim Afolami
tabling member	4006 label Biography information for Dr Matthew Offord

1684470

registered interest
date	23/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Carbon Emissions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what targets his Department has set to help achieve the Government's commitments on net zero.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	11085
answer	answer is ministerial correction date of answer 26/01/2024 answer text <p>The Government set out how we would meet our commitments in the Net Zero Strategy in 2021 which included a detailed breakdown of actions required across all sectors in the economy. This was updated in 2023 through the publication of 'Powering Up Britain'.</p><p>The UK has halved its emissions, ahead of every other major economy, and we have grown our economy by over 70% since 1990. The UK over-achieved against the first and second carbon budgets, and the latest projections show that we are on track to meet the third.</p><p>We have one of the most ambitious decarbonisation targets in the world, and we have set more stretching targets for 2030 than most countries. We plan to cut emissions by 68% by 2030, which is more than the EU, Japan or the United States.</p><p>Since Spending Review 2021, Government has committed an additional £6 billion for energy efficiency and clean heat, up to £20 billion for Carbon Capture, Use and Storage (CCUS) and £960m through the Green Industries Growth Accelerator.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 26/01/2024 13:41:32 answering member 4850 label Biography information for Gareth Davies
tabling member	4006 label Biography information for Dr Matthew Offord

1416779

registered interest
date	26/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Evasion
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 amount spent by Government on tackling tax evasion in each of the last three financial years.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	112538
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>The Government is committed to tackling tax avoidance, evasion, and all other forms of tax non-compliance. Our tax gap is on a long-term downward trend and is among the lowest worldwide, falling from 7.5 per cent in 2005-06 to 5.3 per cent in 2019-20.</p><p> </p><p>HMRC has considerable resources to tackle non-compliance in the tax system, including tax evasion. As set out in HMRC’s Annual Report and Accounts, in the last three financial years HMRC’s Customer Compliance Group has spent £3.5 billion on tackling avoidance, evasion, and other forms of non-compliance, including £1.1 billion in 2018-19, £1.2 billion in 2019-20, and £1.2 billion in 2020-21.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 03/02/2022 15:11:32 answering member 4517 label Biography information for Lucy Frazer
tabling member	4006 label Biography information for Dr Matthew Offord

1564838

registered interest
date	09/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Remote Working
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of his Department’s employees work from home at least one day a week.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	118940
answer	answer is ministerial correction date of answer 17/01/2023 answer text <p>HMT operates a hybrid working arrangement which requires staff to spend as a minimum 50% of their working time in the office. This equates to office attendance of 2-3 days per week for fulltime staff and pro-rata basis for part-time staff. HMT’s office occupancy data is published on Gov.Uk:</p><p><a href="https://www.gov.uk/government/publications/civil-service-headquarters-occupancy-data" target="_blank">https://www.gov.uk/government/publications/civil-service-headquarters-occupancy-data</a></p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 17/01/2023 14:07:34 answering member 4519 label Biography information for James Cartlidge
tabling member	4006 label Biography information for Dr Matthew Offord

1565573

registered interest
date	10/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Housing: Insulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department held consultations with representatives from the Local Government Association before establishing a date of 2025 to begin the funding programme for home insulation as announced in the 2022 Autumn Statement.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	119970
answer	answer is ministerial correction date of answer 17/01/2023 answer text <p>At the Autumn Statement, the Chancellor announced £6bn of additional funding for energy efficiency, covering the financial years 2025/26 to 2027/28.</p><p> </p><p>This provides funding certainty to the sector ahead of the next Spending Review.</p><p> </p><p>Almost £3bn is already allocated for Financial Years 2023/24 and 2024/25 on energy efficiency, the majority of which will go to Local Authorities. In addition to this, the government is expanding the Energy Company Obligation by £1 billion over the next three years, from April 2023.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 17/01/2023 14:34:50 answering member 4519 label Biography information for James Cartlidge
tabling member	4006 label Biography information for Dr Matthew Offord