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1023109

	registered interest
	date	11/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Industry
	house id	1
	legislature	25259 pref label House of Commons
	question text	What progress has been made on the creation of local industrial strategies.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	908143
	answer	answer is ministerial correction date of answer 11/12/2018 answer text <p>We will work with all Local Enterprise Partnerships and Mayoral Combined Authorities across England to develop Local Industrial Strategies.</p><p> </p><p>We have already been working with Greater Manchester, West Midlands, and partners across the Oxford-Cambridge Arc to develop ‘trailblazer’ Local Industrial Strategies, which we expect to be completed in the first half of next year.</p><p> </p><p>We will then be working with a second ‘wave’ of places including the Leicester &amp; Leicestershire LEP that covers Harborough.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/12/2018 14:56:29 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4679 label Biography information for Neil O'Brien

750031

	registered interest
	date	10/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Government Securities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will list by country where stocks of gilts are held by overseas investors and foreign central banks; and how much and what proportion of such stocks are held in different countries.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	3931
	answer	answer is ministerial correction date of answer 14/07/2017 answer text <p>The Treasury does not hold information on the organisations or individuals who hold gilts. However, information on gilt holdings by different sectors is published by the Office for National Statistics (ONS). The most recent publication shows that at the end of March 2017, overseas investors hold 27% of gilts in issuance, but this does not include a breakdown of gilt holdings by country.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 3932 question first answered 14/07/2017 12:17:37 answering member 4095 label Biography information for Steve Barclay
	tabling member	4679 label Biography information for Neil O'Brien

750033

	registered interest
	date	10/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will list by country flows of interest payments on UK central Government debt held by overseas investors and foreign central banks.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	3932
	answer	answer is ministerial correction date of answer 14/07/2017 answer text <p>The Treasury does not hold information on the organisations or individuals who hold gilts. However, information on gilt holdings by different sectors is published by the Office for National Statistics (ONS). The most recent publication shows that at the end of March 2017, overseas investors hold 27% of gilts in issuance, but this does not include a breakdown of gilt holdings by country.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 3931 question first answered 14/07/2017 12:17:37 answering member 4095 label Biography information for Steve Barclay
	tabling member	4679 label Biography information for Neil O'Brien

810086

	registered interest
	date	20/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax: Tax Rates and Bands
	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 monies accrued to the public purse of (a) freezing the personal allowance at £12,000 and (b) freezing the higher-rate threshold at £50,000 in each of the years after 2020-21.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	120552
	answer	answer is ministerial correction date of answer 12/01/2018 answer text <p>The estimated Exchequer impact of freezing the personal allowance at £12,000 and freezing the higher-rate threshold at £50,000 in 2021-22 and 2022-23 is:</p><p> </p><table><tbody><tr><td><p>£<ins class="ministerial">m</ins> <del class="ministerial">bn</del></p></td><td><p>2021-22</p></td><td><p>2022-23</p></td></tr><tr><td><p>Exchequer Impact of a Freeze of the PA at £12,000 and the HRT at £50,000</p></td><td><p>1,800</p></td><td><p>3,900</p></td></tr><tr><td colspan="3"><p>Figures have been rounded to the nearest £100 million. The The impact is shown on a National Accounts basis consistent with the presentation in table 2.1 of Budget documents</p></td></tr></tbody></table><p> </p><p>The government remains committed to increasing the PA to £12,500 by 2020-21. The estimated Exchequer impact of freezing the personal allowance at £12,500 and freezing the higher-rate threshold at £50,000 in 2021-22 and 2022-23 is:</p><p> </p><table><tbody><tr><td><p>£<ins class="ministerial">m</ins><del class="ministerial">bn</del></p></td><td><p>2021-22</p></td><td><p>2022-23</p></td></tr><tr><td><p>Exchequer Impact of a Freeze of the PA at £12,500 and the HRT at £50,000</p></td><td><p>1,800</p></td><td><p>4,000</p></td></tr><tr><td colspan="3"><p>Figures have been rounded to the nearest £100 million. Therefore the modelling simulation above has been repeated with the PA set to £12,500 in 2020-21, frozen thereafter (the HRT was as in the £12,000 scenario above).</p></td></tr></tbody></table><p> </p><p>Both of these estimates are sensitive to any changes in the projected economic determinants used, and modelling assumptions, and are therefore subject to revision.</p><p> </p><p><del class="ministerial">[</del>To answer this question a number of assumptions have been made as set out below. These estimates are consistent with the methodology used to estimate the impact of policy changes to Income Tax and National Insurance Contributions (NICs).</p><p> </p><p>The question implies that the Personal Allowance (PA) and Higher Rate Threshold (HRT) would be at the stated levels in 2020-21 in order that they be frozen at those levels (rather than indexed with Consumer Price Index (CPI) indexation as is the convention) for the years after that.</p><p> </p><p>The Exchequer impact of meeting the thresholds in 2020-21 has is not included in these figures.</p><p> </p><p>The estimated impact from freezing the PA and HRT has been modelled using the 2014-15 Survey of Personal Incomes projected using assumptions from the Office of Budget Responsibility’s November 2017 economic and fiscal outlook. The costs set out below include assumptions on the likely behavioral responses of affected taxpayers, which is in line with previous similar costings agreed with the OBR.</p><p> </p><p>The costing include the impact on NICs, as the Upper Earnings Limit and Upper Profits Limit are aligned to the Higher Rate Threshold which has been frozen at £50,000 for this policy.</p><p> </p><p>The simulation assumes the HRT freeze does not apply in Scotland where this threshold is devolved. Therefore the Scottish Basic Rate Limit (BRL) is amended to maintain the Scottish HRT at the current projected levels after any changes to the PA. The simulation includes an estimate for the change in the Scottish block grant adjustment under this policy change scenario.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/01/2018 14:30:22 question first ministerially corrected 22/01/2018 14:58:53 answering member 3935 label Biography information for Mel Stride previous answer version 33806 answering member constituency Central Devon answering member printed Mel Stride answering member 3935 label Biography information for Mel Stride
	tabling member	4679 label Biography information for Neil O'Brien

839077

	registered interest
	date	08/02/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Housing: Capital Gains Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much money was accrued to the public purse from Capital Gains Tax paid on residential property in each year since 2000.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	127636
	answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>The amount of money accrued to the public purse from Capital Gains Tax paid on residential property in each year since 2000 is not readily available.</p><p> </p><p>Tax data from residential property gains is not readily available because, historically, it has not been collected separately as part of Self Assessment returns. It could be provided only at disproportionate cost using significant analytical resource to compute estimates. However, from 2016/17 the Capital Gains Tax Self Assessment return includes a separate section that will collect information on tax payable on residential property gains.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/02/2018 15:50:00 answering member 3935 label Biography information for Mel Stride
	tabling member	4679 label Biography information for Neil O'Brien