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1136903

registered interest
date	04/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will place in the Library a copy of the detailed methodology used to calculate Equitable Life payment scheme compensation payments.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	273354
answer	answer is ministerial correction date of answer 09/07/2019 answer text <p>The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-design" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-design</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 09/07/2019 12:43:38 answering member 4051 label Biography information for John Glen
tabling member	1537 label Biography information for Mr Philip Hollobone

1127861

registered interest
date	21/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will place in the libraries of both Houses the methodology for calculating payments to Equitable Life policyholders.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	256997
answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-design" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-design</a> .</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/06/2019 06:47:46 answering member 4051 label Biography information for John Glen
tabling member	1537 label Biography information for Mr Philip Hollobone

1127869

registered interest
date	21/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many times corrections of payments to Equitable Life policyholders have been made; and what guarantees are in place to ensure that no further errors in the payments and calculation method will be made.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	257002
answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The payment calculation has been examined by a panel of actuarial peers and the Equitable Members Action Group. No errors in the calculation methodology have been identified.</p><p> </p><p>Whilst the Payment Scheme was in operation policyholders could check the input data received from Equitable Life that was used as the basis for their individual calculation. Where an error was found in the records Equitable Life held, a policyholder could request an independent review of their individual payment and where necessary a payment could be recalculated.</p><p> </p><p>The Payment Scheme is now closed. The Payment Scheme’s final progress report set out the numbers of independent reviews conducted and this can be found at: <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 04/06/2019 06:47:29 answering member 4051 label Biography information for John Glen
tabling member	1537 label Biography information for Mr Philip Hollobone

806053

registered interest
date	13/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Trade: Northern Ireland
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 proportion of Northern Ireland's GDP that was produced by trade (a) within Northern Ireland, (b) with the rest of the UK and (c) with the Republic of Ireland in each of the last three years.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	119262
answer	answer is ministerial correction date of answer 18/12/2017 answer text <p>The Northern Ireland Statistics and Research Agency produce an annual measure of local businesses’ sales to markets outside Northern Ireland, which is designated as an experimental statistic.</p><p> </p><p>Total sales by companies in Northern Ireland were estimated to be worth £68.9 billion in 2016. Sales within Northern Ireland were £44.7 billion in 2016, while sales to the rest of the UK were £14.0 billion. Exports to the Republic of Ireland were worth £3.4 billion.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 18/12/2017 17:01:27 answering member 4095 label Biography information for Steve Barclay
tabling member	1537 label Biography information for Mr Philip Hollobone

795728

registered interest
date	28/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the budget deficit was in 2010; what his most recent estimate of the budget deficit is; and what forecast he has made of the budget deficit in 2019.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	116082
answer	answer is ministerial correction date of answer 04/12/2017 answer text <p>We have made significant progress in reducing the deficit from its post-war peak of 9.9% of GDP in 2009-10 to 2.3% of GDP in 2016-17. The Office for Budget Responsibility forecasts it will fall further to 1.6% of GDP in 2019-20.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 04/12/2017 14:30:56 answering member 4095 label Biography information for Steve Barclay
tabling member	1537 label Biography information for Mr Philip Hollobone

776321

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	EU Budget
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the estimated net UK financial contribution to the EU will be in 2018-19.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	901380
answer	answer is ministerial correction date of answer 24/10/2017 answer text <p>The Office for Budget Responsibility’s March 2017 forecast for the UK’s gross contribution in 2018-19 was £16.0 billion. They will update the forecast in November 2017. The Office for Budget Responsibility does not provide a forecast for net UK contributions to EU budgets; they do provide a forecast of funds to be received by UK government bodies to administer (£5.6bn in 2018-19 in the March 2017 forecast) although this does not include receipts directly received by the private sector from the EU.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 24/10/2017 14:08:51 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1537 label Biography information for Mr Philip Hollobone

757898

registered interest
date	05/09/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	European Union: Assets
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 (a) proportion and (b) total amount of EU assets that the UK will be entitled to on the day that the UK leaves the EU.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	8986
answer	answer is ministerial correction date of answer 11/09/2017 answer text <p>The arrangements for withdrawal from the EU, including financial matters, will be a matter for the withdrawal agreement as part of the Article 50 process.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/09/2017 11:39:11 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1537 label Biography information for Mr Philip Hollobone

693145

registered interest
date	22/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tobacco: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 6 February 2017 to Question 62819, what estimate his Department has made of the effect of each increase of one per cent in excise duty charged on tobacco products on the (a) size and (b) value of the illicit tobacco market; and what the fiscal effect of changes in that market are.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	65217
answer	answer is ministerial correction date of answer 27/02/2017 answer text <p>HM Revenue and Customs (HMRC) has made no assessment of the market or revenue effects of an increase of one per cent in excise duty charged on tobacco products that is restricted only to the illicit market. Consumers are expected to respond to price increases by reducing their consumption of duty-paid tobacco. They may also switch to lower priced products. Reducing consumption of duty-paid tobacco will include reducing consumption of tobacco as well as switching to the illicit market.</p><p>This behavioural response to a rise in prices is captured by the price elasticity of demand. More information on HMRC’s long-run estimate of the price elasticity of demand for cigarettes can be found here: <a href="https://www.gov.uk/government/publications/econometric-analysis-of-cigarette-consumption-in-the-uk" target="_blank">https://www.gov.uk/government/publications/econometric-analysis-of-cigarette-consumption-in-the-uk</a>.</p><p>Information on the size of the illicit market for cigarettes and hand rolling tobacco is available in HM Revenue and Custom’s ‘Tobacco tax gap estimates 2015-16’ publication, which is available to view at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/561322/HMRC-tobacco-tax-gap-estimates-2016.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/561322/HMRC-tobacco-tax-gap-estimates-2016.pdf</a>.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 27/02/2017 15:43:39 answering member 3918 label Biography information for Jane Ellison
tabling member	1537 label Biography information for Mr Philip Hollobone

682935

registered interest
date	01/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tobacco: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the reduction in monies coming in to the public purse which result from each increase in one per cent in excise duty charged on tobacco products.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	62819
answer	answer is ministerial correction date of answer 06/02/2017 answer text <p>An indication of the fiscal effect of a one per cent increase in duty in 2017-18 on tobacco products set out in the HM Revenue and Customs publication, <em>Direct effects of illustrative tax changes</em>. This is available to view at:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/571367/Nov16_Direct_effects_illustrative_tax_changes_bulletin_final.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/571367/Nov16_Direct_effects_illustrative_tax_changes_bulletin_final.pdf</a></p><p> </p><p>All estimates show the impacts of the various illustrative changes on top of what is already assumed in the indexed baseline (RPI+2% until the end of this parliament for Tobacco Products Duty).</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 06/02/2017 15:21:05 answering member 3918 label Biography information for Jane Ellison
tabling member	1537 label Biography information for Mr Philip Hollobone

682236

registered interest
date	31/01/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tobacco: Excise Duties
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 point of revenue maximisation on tobacco excise.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	62474
answer	answer is ministerial correction date of answer 03/02/2017 answer text <p>The Government believes that tobacco duties achieve a balance between two fiscal goals on tobacco; to raise revenue and to protect public health.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 03/02/2017 11:46:49 answering member 3918 label Biography information for Jane Ellison
tabling member	1537 label Biography information for Mr Philip Hollobone