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1148738

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
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 effect the one per cent increase in the interest rate on new loans from the Public Works Loan Board will have on local authorities’ capital investment plans.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	78
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. This increase returned Public Works Loan Board rates to levels that were available in 2018.</p><p> </p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their finance position. answering member constituency Salisbury answering member printed John Glen question first answered 17/10/2019 13:14:27 answering member 4051 label Biography information for John Glen
tabling member	1506 label Biography information for Andrew Gwynne

1148781

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motorhomes: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Answer of 9 September 2019 to Question 284157, what assessment he has made of the economic effect on the UK motorhome industry of reclassifying motorhomes as cars for tax purposes.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	173
answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The government uses Vehicle Excise Duty (VED) to encourage the take-up of vehicles with low carbon dioxide (CO2) emissions to help meet our legally binding climate change targets. Transport is the largest sector for UK greenhouse gas emissions (27%), of which road transport accounts for over 90%.</p><p> </p><p>Whilst the Government recognises the concerns of the leisure industry, tax is only one of many factors impacting purchasing decisions. Like all taxes, the Government is keeping the VED treatment of motorhomes under review. Any changes will be considered by the Chancellor and announced at fiscal events.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 22/10/2019 11:20:59 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4243 label Biography information for Dan Jarvis

1148802

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Answer of 7 October 2019 to Question 292791 and the article published in the Times on 10 August 2019 entitled Bailout fund to prop up businesses after Brexit, what assessment his Department has made of which businesses are at high risk of collapse in the event that the UK leaves the EU without a deal; and what funding has been allocated to supporting those businesses.
tabling member constituency	Carshalton and Wallington
tabling member printed	Tom Brake
uin	15
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>HM Treasury continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.</p><p> </p><p>The government has already made £6.3 billion available to prepare for EU Exit. From this we have created £108m of funding for Brexit Business Preparedness – which is being allocated across government to ensure businesses are suitably prepared for EU exit.</p><p> </p><p>In the event of no deal, the government would act quickly to outline our approach and take early action to support the economy, businesses and households. This would be followed by a Budget in the weeks thereafter.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 17/10/2019 15:48:14 answering member 4483 label Biography information for Rishi Sunak
tabling member	151 label Biography information for Tom Brake

1148328

registered interest
date	04/10/2019
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 issue guidance on the recourse available to people in Crewe and Nantwich constituency who have either not been paid out for Equitable Life or who have received insufficient compensation.
tabling member constituency	Crewe and Nantwich
tabling member printed	Laura Smith
uin	294744
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and further guidance on the status of the Payment Scheme after closure is available at https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/10/2019 12:09:58 answering member 4051 label Biography information for John Glen
tabling member	4648 label Biography information for Laura Smith

1148372

registered interest
date	04/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Landlords: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the gap between tax owed and tax paid by private landlords.
tabling member constituency	Wentworth and Dearne
tabling member printed	John Healey
uin	294679
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The information requested is not available as HM Revenue and Customs (HMRC) do not make a separate estimate of the proportion of the total tax gap attributable to private landlords.</p><p> </p><p>However, HMRC do estimate the tax gap arising from individuals in employment who have not declared and therefore not paid tax on lettings income. The latest estimate of this tax gap was £560 million for the tax year 2017-18.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/10/2019 08:05:21 answering member 3991 label Biography information for Jesse Norman
tabling member	400 label Biography information for John Healey

1148378

registered interest
date	04/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inflation and Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what comparative assessment he has made of rates of wage growth and inflation.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294713
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The fundamentals of the British economy are strong – wages are growing at the fastest rate in over a decade, employment is at a joint record high and the unemployment rate is at its lowest in over 40 years. Inflation has been at or around target since the start of 2019, and as a result wages have now outpaced inflation on a CPI basis for over a year.</p><p>On 1 April 2019, we increased the National Living Wage by 4.9% to £8.21 - an above inflation increase which meant that a full-time worker on the National Living Wage would be earning £690 more over the coming year. Supported by the National Living Wage, the lowest earners have seen their wages grow by 8% above inflation between April 2015 and April 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/10/2019 12:08:40 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord

1148130

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of taxpayers working for a single employer under a Loan Charge scheme who would not have had the choice of being employed directly by that employer.
tabling member constituency	Ipswich
tabling member printed	Sandy Martin
uin	294240
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Disguised remuneration (DR) schemes are contrived arrangements that use loan payments in place of ordinary remuneration, usually through an offshore trust, with the purpose of avoiding income tax and National Insurance contributions. The loans are provided on terms that mean they are not repaid in practice. HM Revenue and Customs’ (HMRC) position is that they are no different to income, and that they are and have always been taxable.</p><p> </p><p>The Government has heard claims that some individuals were compelled to use DR schemes, but HMRC have not seen cases that support this claim.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/10/2019 12:11:49 answering member 3991 label Biography information for Jesse Norman
tabling member	4678 label Biography information for Sandy Martin

1148149

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: Excise Duties
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 total revenue the public purse has forgone due to the freeze in fuel duty since 2011.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294158
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Based on the Office for Budget Responsibility’s (OBR) published policy costings, we estimate the cumulative loss to the Exchequer from the successive fuel duty freezes from financial year 2011-12 to the current financial year 2018-19 to be around £46.2bn to the benefit of the UK taxpayer.</p><p> </p><p>The annual impacts on the Exchequer are reported in the table below.</p><table><tbody><tr><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p>2011-12</p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td colspan="3"><p>Exchequer impact (£m)</p></td><td><p>-2,275</p></td><td><p>-3,465</p></td><td><p>-4,645</p></td><td><p>-5,800</p></td><td><p>-6,375</p></td><td><p>-6,815</p></td><td><p>-7,875</p></td><td><p>-8,070</p></td></tr></tbody></table><p> </p><p>The OBR’s policy costings are available at the following link:</p><p> </p><p><a href="https://obr.uk/download/policy-measures-database/" target="_blank">https://obr.uk/download/policy-measures-database/</a></p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:52:31 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148150

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth can be attributed to financial technology in the last five years.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294159
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote Fintech can be found in the Fintech Sector Strategy, published in March 2018.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:55:59 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4090 label Biography information for Mr Jonathan Lord

1148216

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry: Non-domestic Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of the application of state aid rules to business rates on the hospitality sector.
tabling member constituency	St Austell and Newquay
tabling member printed	Steve Double
uin	294197
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>While the UK is an EU member state the UK continues to be bound by State aid rules.</p><p> </p><p>The Government has taken repeated action to reduce the burden of business rates for all ratepayers, including those in the hospitality sector.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/10/2019 07:59:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4452 label Biography information for Steve Double