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1078737

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Brexit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if his Department will make a comparative assessment of the cost of extending the date for the UK leaving the EU from 29 March 2019 to 30 December 2021.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	226615
	answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>We reached a fair financial settlement with the EU, honouring commitments we made during our period of membership, as set out in the draft Withdrawal Agreement in November 2018. As the Prime Minister said in her statement to Parliament, we do not want to see Article 50 extended. By far the best way forward is for Parliament to agree to leave with a deal when we bring the Meaningful Vote back. If Article 50 were to be extended, any adjustments to the financial settlement would be subject to future negotiations.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 07/03/2019 15:27:36 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1087297

	registered interest
	date	12/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coinage: British Overseas Territories
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to design and mint a £1 coin celebrating the heritage of the Falklands as part of the new pound coin roll-out to British overseas territories.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	231379
	answer	answer is ministerial correction date of answer 19/03/2019 answer text <p>On 6<sup>th</sup> January 2019 we announced Overseas Territories and Crown Dependencies, such as the Falklands, are now able to design and mint their own versions of the iconic new £1 coin. The decision to do so is for the government of the Falkland Islands to take.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 19/03/2019 11:35:15 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1447 label Biography information for Andrew Rosindell

1006210

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	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 of lowering the rate of corporation tax on corporation tax receipts since 2017.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190819
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The OECD has concluded that corporation tax is the most harmful tax for growth and productivity.</p><p> </p><p>In April 2017, the corporation tax rate was reduced from 20% to 19%. This is the continuation of this government’s reduction in the rate from 28% in 2010.</p><p> </p><p>Lower corporation taxes can result in increased profits, wages, employment and consumption that all feed through into higher tax revenues that support our vital public services.</p><p> </p><p>Despite the rate cut in 2017, the onshore corporation tax revenues have increased from £53.6 billion in 2016-17 to £56.1 billion in 2017-18. Since 2010, onshore corporation tax revenues have increased by 55%.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2018 15:35:46 answering member 3935 label Biography information for Mel Stride
	tabling member	1447 label Biography information for Andrew Rosindell

873554

	registered interest
	date	28/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: Sovereignty
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on the sovereignty and independence of states of high levels of debt.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	134668
	answer	answer is ministerial correction date of answer 20/04/2018 answer text <p>The International Monetary Fund (IMF) has recently reported that almost 40% of Low Income Countries (LICs) now face significant debt-related challenges, up from 21% in 2013. The Government recognises that rising sovereign debt levels have led to increased debt vulnerabilities in many LICs.</p><p>Though the Government has not made its own assessment of the effect of high debt levels on the sovereignty and independence of states, high levels of debt can leave countries exposed to adverse exogenous shocks, like fluctuating commodity prices. Given the complex international nature of LIC sovereign debt, we continue to believe that internationally-agreed assessments and coordinated approaches to tackle debt vulnerability are most effective. The UK will continue to work through fora such as the IMF, World Bank, G20, and the Paris Club to promote LIC debt sustainability.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 20/04/2018 10:24:42 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1078735

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Budget: Contributions
	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 UK's financial contribution to the EU since 24 June 2016.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	226613
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The EU annually publish a financial report, which details the levels of revenue and expenditure, received and executed by the EU, relative to Member States. Between 2016 and 2017, the UK has contributed €30 billion to the annual EU budget, and received €13 billion in receipts to both the public and private sector.</p><p>Additionally, HM Treasury produce an annual European Finances Statement which details the UK’s contribution to the EU over the past year. While the OBR produce an independent forecast for annual contributions to the EU.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/03/2019 12:25:50 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1137892

	registered interest
	date	09/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Budget: Contributions
	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 total sum that the UK has paid to the EU budget since 24 June 2016.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	275157
	answer	answer is ministerial correction date of answer 12/07/2019 answer text <p>The EU annually publishes a financial report, which details the levels of revenue and expenditure, received and executed by the EU, relative to Member States. Between 2016 and 2017, the UK has contributed €30 billion to the annual EU budget, and received €13 billion in receipts to both the public and private sector.</p><p>Additionally, HM Treasury produces an annual European Finances Statement which details the UK’s contribution to the EU over the past year. The latest version of that statement can be found here: <a href="https://www.gov.uk/government/statistics/european-union-finances-2018" target="_blank">https://www.gov.uk/government/statistics/european-union-finances-2018</a></p><p>The OBR also produces an independent forecast for annual contributions to the EU.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/07/2019 10:57:28 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1123222

	registered interest
	date	25/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government's analysis concurs with the finding of credit rating agency DBRS that the UK economy could withstand the UK leaving the EU without a deal with its AAA rating intact.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	247653
	answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>The government has not assessed the recent report by credit rating agency DBRS. DBRS is an independent organisation. Their analysis and reporting of the UK economy represents their own views.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/04/2019 16:15:33 answering member 4051 label Biography information for John Glen
	tabling member	1447 label Biography information for Andrew Rosindell

1038043

	registered interest
	date	08/01/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation: Isle of Man
	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 contribution of the Isle of Man to the UK economy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	206285
	answer	answer is ministerial correction date of answer 16/01/2019 answer text <p>The Isle of Man contributes significantly to the UK economy. Office for National Statistics data show that in 2016 the UK exported £1.4 billion worth of services to the Isle of Man, and imported £0.4 billion.</p><p> </p><p>The constitutional relationship between the UK and the Isle of Man is historic and highly valued, and there is a constructive working relationship between the UK and Isle of Man Governments.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/01/2019 13:07:47 answering member 4051 label Biography information for John Glen
	tabling member	1447 label Biography information for Andrew Rosindell

1006214

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	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 the financial sector of the UK leaving the EU without a trade deal.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190823
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>UK and EU negotiators have agreed in principle the terms of the UK’s smooth and orderly exit from the EU, as set out in the Withdrawal Agreement. We have also agreed the broad terms of our future relationship as set out in the outline Political Declaration.</p><p>We will ensure Parliament can make an informed decision and business and citizens have a clear understanding of our future relationship. The Government is undertaking a programme of analysis in support of our EU exit negotiations and preparations. The Government has confirmed that when we bring forward the vote on the final deal, we will ensure that Parliament is presented with the appropriate analysis to make an informed decision. As the Chancellor set out in his letter of 23 August to the chair of the Treasury Select Committee, the analysis will look at the economic and fiscal effects of leaving the EU.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:51:34 answering member 4051 label Biography information for John Glen
	tabling member	1447 label Biography information for Andrew Rosindell

1006205

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freeports
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the potential merits of introducing free port schemes across the UK.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190815
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Government has been clear that it is open to ideas that deliver economic advantages for the UK.</p><p> </p><p>Section 100A of the Customs and Excise Management Act 1979 (CEMA) provides the legal basis for the designation of free zones by HM Treasury and will continue to do so following UK withdrawal from the EU. Applying for designation as a free zone will be a commercial decision to be taken by private port operators.</p><p> </p><p>It is worth noting that many of the customs-related benefits of free ports are already available through existing customs facilitations, for example inward processing relief.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2018 14:58:48 answering member 3935 label Biography information for Mel Stride
	tabling member	1447 label Biography information for Andrew Rosindell