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1713855

registered interest
date	25/04/2024
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Ground Rent
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, if he will make an assessment of the potential impact of capping existing ground rents (a) to a peppercorn, (b) to £250 per annum and (c) in another way on the operation of (i) pension funds and (ii) financial markets.
tabling member constituency	Redditch
tabling member printed	Rachel Maclean
uin	23794
answer	answer is ministerial correction date of answer 03/05/2024 answer text <p>The Government’s consultation on restricting ground rents for existing leases ran from 8 December to 17 January.</p><p>Whilst we will publish a full response shortly, we can confirm that the general response to the consultation has confirmed that ground rents represent, at most, a small percentage of total UK pension assets. In addition, no substantive evidence has been provided within the consultation that suggests that there is a systemic risk to the operation of pension funds or the financial markets. Even the sector itself, in its so-called “option 6” alternative, has recognised the necessity of reform in this policy area.</p><p>Having concluded the consultation and reviewed the responses provided, we intend to set out the future proposed approach in this policy area shortly.</p> answering member constituency North East Derbyshire answering member printed Lee Rowley grouped question UIN 23795 question first answered 03/05/2024 12:38:32 answering member 4652 label Biography information for Lee Rowley
tabling member	4668 label Biography information for Rachel Maclean

1713856

registered interest
date	25/04/2024
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Ground Rent
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what estimate he has made of the potential impact of capping ground rent to (a) a peppercorn and (b) £250 on the returns of UK pension funds.
tabling member constituency	Redditch
tabling member printed	Rachel Maclean
uin	23795
answer	answer is ministerial correction date of answer 03/05/2024 answer text <p>The Government’s consultation on restricting ground rents for existing leases ran from 8 December to 17 January.</p><p>Whilst we will publish a full response shortly, we can confirm that the general response to the consultation has confirmed that ground rents represent, at most, a small percentage of total UK pension assets. In addition, no substantive evidence has been provided within the consultation that suggests that there is a systemic risk to the operation of pension funds or the financial markets. Even the sector itself, in its so-called “option 6” alternative, has recognised the necessity of reform in this policy area.</p><p>Having concluded the consultation and reviewed the responses provided, we intend to set out the future proposed approach in this policy area shortly.</p> answering member constituency North East Derbyshire answering member printed Lee Rowley grouped question UIN 23794 question first answered 03/05/2024 12:38:32 answering member 4652 label Biography information for Lee Rowley
tabling member	4668 label Biography information for Rachel Maclean

1697806

registered interest
date	21/03/2024
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	50:50 Parliament
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, whether the Government has provided funding to 50:50 Parliament in the last five years.
tabling member constituency	Redditch
tabling member printed	Rachel Maclean
uin	19959
answer	answer is ministerial correction date of answer 02/04/2024 answer text <p>The Cabinet Office finance system does not show any transactions to 50:50 Parliament in the last five years, including grants issued by the department. The Cabinet Office does not hold financial data for other departments.</p> answering member constituency Brentwood and Ongar answering member printed Alex Burghart question first answered 02/04/2024 16:59:35 answering member 4613 label Biography information for Alex Burghart
tabling member	4668 label Biography information for Rachel Maclean