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451182

	registered interest
	date	08/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Social Security Benefits: EU Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the savings to the public purse of the proposed emergency brake on in-work benefits for EU citizens in employment in the UK.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	26266
	answer	answer is ministerial correction date of answer 15/02/2016 answer text Details of the proposals for restricting in-work benefits for EU nationals will be subject to further negotiation and we cannot speculate on these. answering member constituency East Hampshire answering member printed Damian Hinds question first answered 15/02/2016 10:07:00 answering member 3969 label Biography information for Damian Hinds
	tabling member	1447 label Biography information for Andrew Rosindell

454061

	registered interest
	date	23/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Child Benefit: Expenditure
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the savings to the public purse of the proposed reduction of child benefits paid overseas.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	27861
	answer	answer is ministerial correction date of answer 11/03/2016 answer text <p>The Government’s new settlement means that EU nationals whose children live abroad will ultimately receive Child Benefit at a rate that reflects the conditions – including the standard of living and child benefit paid – of the country where their child lives. This will restore fairness to the system.</p><p> </p><p>Savings relating to the indexation of Child Benefit will be confirmed once the rates have been finalised.</p><p> </p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 27852 27853 question first answered 11/03/2016 12:34:02 answering member 3969 label Biography information for Damian Hinds
	tabling member	1447 label Biography information for Andrew Rosindell

429014

	registered interest
	date	18/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Treasury: Grants
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will assess the extent to which grants made by his Department to third parties are used for activities designed to influence his Department, other departments or Parliament.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	16777
	answer	answer is ministerial correction date of answer 26/11/2015 answer text <p>During the current financial year (2015-16), there have been no grants made to third parties which have subsequently been used for activities designed to influence theTreasury, other departments or Parliament.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 26/11/2015 17:44:23 answering member 1526 label Biography information for Greg Hands
	tabling member	1447 label Biography information for Andrew Rosindell

418656

	registered interest
	date	14/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Refugees: Syria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what arrangements he is planning for the reallocation of his Department's funding for the resettlement of Syrian refugees within the UK.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10210
	answer	answer is ministerial correction date of answer 18/09/2015 answer text <p>In accordance with OECD directives, the UK’s official development assistance budget will be used to cover support costs for Syrian refugees in the first twelve months of their stay. Funding arrangements to support the resettlement of Syrian refugees in future years will be considered as part of the 2015 spending review.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 18/09/2015 09:04:40 answering member 1526 label Biography information for Greg Hands
	tabling member	1447 label Biography information for Andrew Rosindell

442851

	registered interest
	date	06/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Affordable Housing: Greater London
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to increase the affordability of homes in the Greater London area for people under the age of 30.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21185
	answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>The Government is committed to making the aspiration of home ownership a reality for as many households as possible. At the Spending Review the Government announced a series of measures which will help people under 30 in Greater London and elsewhere become homeowners.</p><br /><p>These include plans to deliver 200,000 Starter Homes to be sold at a 20% discount to first time buyers under 40 and 135,000 Help to Buy: Shared Ownership homes. Government also announced that it will introduce London Help to Buy, increasing the value of Help to Buy equity loans in London to 40% from 25%, as well as extending the Help to Buy: Equity Loan scheme for a further year to 2021. These schemes are also supported by the recently launched Help to Buy: ISA, through which the Government tops up mortgage deposit savings for first time buyers by up to £3,000.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 14/01/2016 17:45:11 answering member 1526 label Biography information for Greg Hands
	tabling member	1447 label Biography information for Andrew Rosindell

449763

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt: China
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the UK's outstanding public debt obligations are to China.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	25447
	answer	answer is ministerial correction date of answer 10/02/2016 answer text <p>The majority of the government’s public debt is financed through the issuance of UK government bonds, known as ‘gilts’. Information on sectoral holdings of gilts is published on a quarterly basis by the Office for National Statistics (ONS).</p><p> </p><p>The latest figures show that £426.9 billion of gilts (25.9% of the total stock) is held by overseas investors, of which £73.3 billion is held by foreign central banks. The government does not hold detailed information on the identity of foreign central banks or other individual investors holding these gilts.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 10/02/2016 12:42:32 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

442858

	registered interest
	date	06/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Overseas Trade: Switzerland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the value of trade between the UK and Switzerland was in (a) 2014 and (b) 2015; and if he will make a statement.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21190
	answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>The UK had a trade surplus with Switzerland in 2014 of £10.3bn. The value of total UK exports to Switzerland in 2014 was £21.6bn, and the value of UK imports from Switzerland was £11.3bn.</p><br /><p>Latest available data for 2015 shows that the UK had a trade surplus of £5.6bn with Switzerland in the first three quarters of 2015, with total exports of £14.4bn and imports of £8.9bn.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/01/2016 16:23:08 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

420975

	registered interest
	date	13/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Lloyds Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the reasons are for the timing of his Department's sale of the remaining £2 billion of Lloyds' shares.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11718
	answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>The Chancellor of the Exchequer stated his intention to return Lloyds Banking Group to the private sector over the coming year in his Mansion House speech of June 2015. The proposal to launch a retail sale in Spring 2016 is consistent with this commitment.</p><br /><p>The Government is determined to build a share-owning democracy and to continue to reduce the national debt by making Lloyds shares available to the public. Final decisions around the timing of a sale are dependent on market conditions, among other factors.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/10/2015 13:41:21 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

442953

	registered interest
	date	06/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Islamic State: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 18 December 2015 to Question 20068, how many British-based individuals have breached the sanctions regime against Daesh; and how many bank accounts have been frozen in the UK as part of the efforts by the UN and the Government to prevent funds from being transferred to Daesh.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21395
	answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>The UN sanctions regime against Daesh includes not just financial sanctions, but also a travel ban against listed individuals and entities, as well as an arms embargo, prohibitions on travel to act as a foreign terrorist fighter, an oil embargo, and other form of restriction. HM Treasury is responsible for the administration of financial sanctions in the UK, in relation to those individuals or entities designated under one of the counter terrorism financial sanctions regimes, which include the UK’s domestic terrorist asset freezing regime, the EU’s external terrorism regime and the UN’s ISIL (Daesh) &amp; Al Qaida regime.</p><br /><p>The UN ISIL (Daesh) &amp; Al Qaida Regime is implemented in the UK by way of EU Regulation 881/2002. Information held by HM Treasury in relation to breaches of this regime is received for the purposes of compliance and enforcement of this Regulation. The Regulation prohibits the use of that information for any purpose other than compliance and enforcement, and as a result HM Treasury is unable to release information held on the number of British-based individuals that have breached the financial sanctions regime against Daesh. The Treasury works closely with operational partners on the compliance and enforcement of financial sanctions regimes.</p><br /><p>HM Treasury publishes a Quarterly Report to Parliament on the operation of the counter terrorism financial sanctions regimes in the UK. The next report is due to be published soon, for the fourth quarter of 2015. The report includes the number of bank accounts that are frozen for each regime. It is located at <a href="https://www.gov.uk/government/collections/operation-of-the-uks-counter-terrorist-asset-freezing-regime-quarterly-report-to-parliament" target="_blank">https://www.gov.uk/government/collections/operation-of-the-uks-counter-terrorist-asset-freezing-regime-quarterly-report-to-parliament</a>.</p><br /><p>I can confirm that the last Quarterly Report stated there are 55 accounts frozen under the UK’s domestic terrorist asset freezing regime, and 21 accounts are frozen in the UK under the UN’s ISIL (Daesh) and Al Qaida regime.</p><br /> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/01/2016 16:24:20 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

442857

	registered interest
	date	06/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Interest Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the (a) potential effect on the UK economy of the decision by the US Federal Reserve to raise US interest rates and (b) potential effect of this decision on interest rates in the UK.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21189
	answer	answer is ministerial correction date of answer 14/01/2016 answer text <p>Higher US interest rates are a sign of confidence in the US economy, whose strong recovery has supported demand as the world’s largest economy and UK’s closest economic and financial partner. The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee. Decisions on setting Bank Rate are for the judgement of the MPC.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/01/2016 16:21:53 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

422870

	registered interest
	date	21/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Help to Buy Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what support he plans to provide to home-buyers after the end of the mortgage guarantee scheme in 2016.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	12888
	answer	answer is ministerial correction date of answer 26/10/2015 answer text <p>The Government is committed to addressing the affordability of housing and making the aspiration of home ownership a reality for as many households as possible. At Budget 2014, the Help to Buy: equity loan scheme was extended to 2020 and the Government also intends to support younger buyers through delivering 200,000 Starter Homes by 2020, to be sold at a 20% discount for first time buyers under 40. These measures will also be supported by the launch of a Help to Buy: ISA through which the Government will top up mortgage deposit savings for first time buyers by 25% up to a maximum of £3,000.</p><p><br> Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="http://www.hm-treasury.gov.uk/minister_hospitality.htm" target="_blank">http://www.hm-treasury.gov.uk/minister_hospitality.htm</a></p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 12889 question first answered 26/10/2015 15:35:18 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

422871

	registered interest
	date	21/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Help to Buy Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with (a) his ministerial colleagues and (b) external organisations on the future of the mortgage guarantee scheme of the Help to Buy policy; and if he will make a statement.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	12889
	answer	answer is ministerial correction date of answer 26/10/2015 answer text <p>The Government is committed to addressing the affordability of housing and making the aspiration of home ownership a reality for as many households as possible. At Budget 2014, the Help to Buy: equity loan scheme was extended to 2020 and the Government also intends to support younger buyers through delivering 200,000 Starter Homes by 2020, to be sold at a 20% discount for first time buyers under 40. These measures will also be supported by the launch of a Help to Buy: ISA through which the Government will top up mortgage deposit savings for first time buyers by 25% up to a maximum of £3,000.</p><p><br> Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="http://www.hm-treasury.gov.uk/minister_hospitality.htm" target="_blank">http://www.hm-treasury.gov.uk/minister_hospitality.htm</a></p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 12888 question first answered 26/10/2015 15:35:19 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

418647

	registered interest
	date	14/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Foreign Relations: Iran
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effect on the UK economy of improved relations with Iran.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10204
	answer	answer is ministerial correction date of answer 22/09/2015 answer text <p>The reopening of the UK Embassy in Tehran in August followed gradual expansion of our bilateral engagement with Iran over the last two years, allowing us to discuss a broad range of issues, including areas where we and Iran have sharply differing views.</p><p> </p><p> </p><p> </p><p>The nuclear deal agreed in July will give the international community confidence in the peaceful nature of Iran’s nuclear programme, by imposing strict limits and inspections on its nuclear activity. If Iran completes the agreed actions on its nuclear programme, and nuclear related economic and financial sanctions on Iran are lifted, there will also be commercial opportunities for UK firms and indirect impacts on the UK economy, for example via global energy prices.</p><p> </p><p> </p><p> </p><p>However, the impact of the deal will be complex, and the impact of improved relations with Iran on the UK economy is therefore uncertain.</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 22/09/2015 10:01:01 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

420976

	registered interest
	date	13/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Foreign Relations: China
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to improve Britain's economic ties with China.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11693
	answer	answer is ministerial correction date of answer 22/10/2015 answer text <p>In 2014, UK goods exports to China were worth £15.5bn, making China our 6<sup>th</sup> largest goods export partner. The government wants to improve this relationship, with a target for China to be the 2<sup>nd</sup> largest recipient of UK exports within a decade.</p><br /><p>The Government warmly welcomes the State Visit of President Xi and Madame Peng, an important milestone that should lay the foundations for a golden age in the bilateral relationship. The Visit will build upon the sustained engagement by the Chancellor and other Ministers to deepen UK-China economic cooperation, including via the annual, Chancellor-led Economic and Financial Dialogue (EFD).</p><br /><p>At the most recent EFD in September 2015, both sides agreed a package of measure to strengthen their long-term collaboration, including on capital markets, bond markets, green finance, asset management and insurance. Further detail can be found at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/462412/EFD_factsheet.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/462412/EFD_factsheet.pdf</a></p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 22/10/2015 14:49:38 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

449936

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services Compensation Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the value of savings held in the UK that are no longer covered under the Financial Services Compensation Scheme as a result of changes implemented in January 2016 under an EU directive on deposit protection units; and if he will make representations to his EU counterparts on reversing the effect of that directive.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	25512
	answer	answer is ministerial correction date of answer 10/02/2016 answer text <p>The Deposit Guarantee Scheme Directive (DGSD) is a single market measure to ensure that depositors are entitled to the same level of protection wherever they deposit their money, and that UK firms are not competitively disadvantaged in relation to firms in other European Economic Area (EEA) jurisdictions.</p><p>As a result of the recent strength of the pound in relation to the euro, it was necessary for the Prudential Regulation Authority (PRA) to review the sterling coverage limit. On 31 December 2015, the FSCS coverage limit changed to £75,000 per person, per authorised firm. The vast majority of UK depositors are not directly affected – more than 95% of depositors are still fully protected by the FSCS after this change.</p><p>The Government brought forward legislation to ensure that the deposit protection limit was maintained at £85,000 until 31 December 2015, to ensure those depositors affected had the time to be informed of the change and to take any actions they felt appropriate. In addition, the PRA made new rules to ensure that, until 31 December 2015, depositors with more than £75,000 worth of deposits at a single authorised firm could withdraw those deposits without penalty.</p><p> </p><p>The Government has made representations to the Commission to suggest that the reviews of the coverage level in non-euro states should occur after the Commission completes its review of suitability of the coverage level as a whole and also that changes for non-euro states reflect genuine, very large and lasting changes in exchange rates.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 10/02/2016 13:04:22 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

420972

	registered interest
	date	13/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Conduct Authority
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that the Financial Conduct Authority acts to prevent companies from fraudulently using capital raised from selling ring-fenced bonds to bail out poorly-performing parent companies.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11660
	answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>The Government has legislated to ensure that the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), are fully empowered to maintain the integrity of the ring-fence, and to take action in preventing this type of misconduct.</p><br /><p>The ring fencing regime includes requirements that directors of the ring-fenced body (RFB) be able to take decisions independently of group entities; that transactions with group entities be on arm’s length terms; and that arrangements with other group entities should be managed as with third parties.</p><br /><p>The PRA and the Bank of England have powers to take action if such a transaction were to have a potential impact on the prudential resilience or resolvability of the RFB. The FCA can also take enforcement action for breaches of its rules or for these types of market abuse, which includes the imposition of substantial financial penalties.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/10/2015 13:39:49 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

454071

	registered interest
	date	23/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Equitable Life Assurance Society: Compensation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the Government's policy is on funding for the Equitable Life Payment Scheme that has not been disbursed.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	28146
	answer	answer is ministerial correction date of answer 29/02/2016 answer text <p>Payments under the scheme will continue to be made annually to With-Profits Annuitants for the duration of their annuities.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 29/02/2016 16:23:43 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

429015

	registered interest
	date	18/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic and Monetary Union: Economic Growth
	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 effect on the UK economy of the 0.3 per cent reduction in eurozone economic growth in quarter 3 2015.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	16746
	answer	answer is ministerial correction date of answer 23/11/2015 answer text <p>Euro area GDP grew by 0.3% (quarter-on-quarter) in the third quarter of 2015. The UK is one of the most open economies in the world, with significant trade and financial links with other countries. UK export performance is highly dependent on the economic performance of the euro area, the UK’s largest trading partner. The global economic recovery remains uneven and the risks from the world economy, not least from within the euro area, demonstrate the need to continue to fix the economy to ensure the UK can deal with risks from abroad.</p><br /> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 23/11/2015 16:40:24 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

418649

	registered interest
	date	14/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic Situation: Greece
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential fiscal effect on the UK of the government of Greece defaulting on its national debt.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10194
	answer	answer is ministerial correction date of answer 18/09/2015 answer text <p>The UK government has no exposure to Greece through its euro area loans. The Government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout.</p><p> </p><p> </p><p> </p><p>As a shareholder in the International Monetary Fund (IMF), the UK has an indirect exposure to Greece through the IMF’s overall lending. Our ultimate exposure to any IMF lending programme would be in line with our quota shareholding (around 4.5 per cent).</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 18/09/2015 08:57:31 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

445445

	registered interest
	date	18/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic Situation: China
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implementation of the recent economic slowdown in China on his Department's policy on bilateral trade and investment with that country.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	22906
	answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The Treasury continuously monitors global economic developments, including those in China, and their impact on the UK as part of the normal process of policy development.</p><br /><p>The Chancellor has warned that “last year was the worst for global growth since the crash and this year opens with a dangerous cocktail of new threats from around the world.” As one of the most open trading economies in the world with a large financial sector, we have to recognise that the UK is not immune to the continued problems being experienced in the world economy.</p><br /><p>We should not let this put us off engaging with China. As the Chancellor said while leading the UK’s Economic and Financial Dialogue with China in September 2015, both countries: “have a shared commitment to laying the foundations for stronger, more productive economies that can weather periods of uncertainty. At the same time, we need to continue to pursue the longer-term reform challenges that both our governments are pursuing.”</p><br /><p>The UK’s exports to China have grown rapidly; since 2010, exports of UK goods to China have grown by over 90%. Even if China’s GDP growth slows to 5%, it will still add an economy the size of France to global GDP by 2020. This is well below the central scenario: the IMF forecasts China’s GDP growth to average 6.2% over the next 5 years.</p><br /> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 26/01/2016 17:15:03 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

420974

	registered interest
	date	13/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic Situation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the most recent Global Financial Stability Report from the IMF.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11779
	answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>The IMF’s report concludes that risks to global financial stability from emerging markets remain elevated, amid falling risk appetite and increasing market liquidity risks.</p><p>The UK Government is alive to any implications of these risks for UK financial stability. The Government established the Financial Policy Committee (FPC) to identify and manage these types of risk to the UK financial system.</p><p>The Bank of England’s forthcoming 2015 stress test of the UK banking system will assess its resilience to a deterioration in global economic conditions, particularly in emerging markets.</p><p>Furthermore, the UK’s financial regulatory bodies are continuing to work at an international level on risks relating to global financial market liquidity.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/10/2015 13:43:18 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1447 label Biography information for Andrew Rosindell

423902

	registered interest
	date	26/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Workplace Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that employers use the correct pension classification code and pay their due amount as contributions.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	13407
	answer	answer is ministerial correction date of answer 03/11/2015 answer text <p>HM Revenue and Customs (HMRC) publishes detailed guidance for employers on the GOV.UK website about National Insurance Contributions category letters.</p><br /><p><a href="https://www.gov.uk/national-insurance-rates-letters" target="_blank">https://www.gov.uk/national-insurance-rates-letters</a></p><br /><p>All employers with an occupational pension scheme receive a reference number (Employer Contracted-Out Number) from HMRC. This allows the employer to use specific category letters which indicate that they are paying contracted-out contributions when they make their Real Time Information returns to HMRC. There are also automated checks in place to identify if an incorrect category letters has been used and these are then followed-up with the employer.</p><br /> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 03/11/2015 14:40:23 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

443838

	registered interest
	date	11/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that any extra workload due to plans to require the filing of quarterly tax returns by small businesses does not reduce profits and productivity for such small businesses.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21985
	answer	answer is ministerial correction date of answer 19/01/2016 answer text <p>I refer the honourable Members to my response of 11 January 2016 (with references <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-04/20876/" target="_blank">20876</a> and <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-05/21032/" target="_blank">21032</a>).</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 21850 21851 question first answered 19/01/2016 17:01:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

445443

	registered interest
	date	18/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Refugees: Syria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what his policy is on proposals made by his German counterpart that an EU-wide petrol tax be levied to fund aid for Syrian refugees; and if he will make a statement.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	22904
	answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The financing system for the EU budget for 2014-2020 was agreed in 2013, when the Prime Minister secured the UK objectives of no new own resources or EU-wide taxes to finance EU spending, and no change to the UK rebate. This House ratified that deal last summer.</p><p>The Government’s position remains unchanged. The UK retains its veto over any proposed change to the financing system for the EU budget, and over any EU tax legislation. The Government will not sign up to anything that undermines the UK's tax sovereignty.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/01/2016 14:43:44 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

418651

	registered interest
	date	14/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans his Department has to further reduce the level of inheritance tax on homes.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10184
	answer	answer is ministerial correction date of answer 21/09/2015 answer text <p>At the Summer Budget 2015, the Government announced it will reduce the burden of inheritance tax for families by making it easier to pass on a home to direct descendants. Information about this measure is available at https://www.gov.uk/government/publications/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band.</p><p> </p><p> </p><p> </p><p>The Government keeps all taxes under review.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 21/09/2015 10:31:57 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

433742

	registered interest
	date	02/12/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: City of London
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make it his policy to ensure that the status of the City of London as a world financial centre is explicitly protected during the renegotiations on the UK's membership of the EU.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	18443
	answer	answer is ministerial correction date of answer 09/12/2015 answer text <p>As part of the European reform agenda the Government is negotiating ensure competitiveness is embedded in the DNA of the EU, so that the UK financial sector can continue to thrive as the global centre of European finance. The Government is also negotiating to ensure that the UK remains able to effectively safeguard the stability and integrity of the UK’s financial system. This means ensuring that UK regulators have responsibility for financial stability and supervision in the UK.</p><br /><p>The City of London does not, however, get special treatment in the Government’s reform agenda. A special protection for the UK financial sector would not be in the interests of the single market in financial services, from which the UK benefits. Instead, we are demanding that the single market works in the interest of all 28 Member States.</p><br /> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/12/2015 17:17:37 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

62576

	registered interest
	date	18/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Families: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what fiscal measures he has introduced to reduce the level of taxes paid by families.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	201312
	answer	answer is ministerial correction date of answer 24/06/2014 answer text <p>This government appreciates that times are tough and budgets are squeezed for families, which is why we have taken continued action to help ease the burden on hard working families.</p><p> </p><p> </p><p>Measures have included raising the Personal Allowance to £10500; abolishing the previous government's fuel duty escalator, and introducing a further 2 years of Council Tax freeze funding in 2014/15 and 2015/16 for local authorities which choose to freeze Council Tax.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 904409 question first answered 24/06/2014 16:22:09 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

418652

	registered interest
	date	14/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Economic situation: China
	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 of China's economic slowdown on the UK economy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10185
	answer	answer is ministerial correction date of answer 22/09/2015 answer text <p>The Treasury continuously monitors global economic developments, including those in China, and their impact on the UK as part of the normal process of policy development.</p><p> </p><p> </p><p> </p><p>As one of the most open trading economies in the world with a large financial sector, we have to recognise that the UK is not immune to the continued problems being experienced in the world economy.</p><p> </p><p> </p><p> </p><p>We should not let this put us off. As the Chancellor recently said, while leading the UK’s Economic and Financial Dialogue with China this week, both countries: “have a shared commitment to laying the foundations for stronger, more productive economies that can weather periods of uncertainty. At the same time, we need to continue to pursue the longer-term reform challenges that both our governments are pursuing.”</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 22/09/2015 13:14:32 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

450691

	registered interest
	date	04/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	EU Budget: South East
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the value of financial contributions to the EU in 2015 that were attributable to London and the South East of England.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	25848
	answer	answer is ministerial correction date of answer 04/05/2016 answer text <p>Contributions to the EU are paid directly from HM Government and thus are not attributable to any one part of the UK.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/05/2016 15:39:58 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

420971

	registered interest
	date	13/10/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will take steps to provide tax incentives for businesses seeking to enter the automotive and motor racing industries.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11657
	answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>The Government provides generous tax incentives to help new and innovative businesses in the UK, including the automotive and motor racing industries. The rate of corporation tax is currently 20% and will be 18% in 2020, the lowest of any economy in the G20.</p><br /><p>The Government supports research and development (R&amp;D) in the automotive and motor racing industries through R&amp;D tax reliefs. At Summer Budget 2015, the Government also announced that it would increase the permanent level of Annual Investment Allowance to £200,000 which will further support investment in plant and machinery.</p><br /><p>The Government has also committed £86 million through the Advanced Propulsion Centre to secure Britain’s strength in the research, development and commercialisation of low carbon vehicle technologies.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 21/10/2015 16:07:43 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

48144

	registered interest
	date	10/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will take steps to reduce the amount of stamp duty paid by first-time home buyers.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	196306
	answer	answer is ministerial correction date of answer 30/04/2014 answer text <p><strong>The stamp duty land tax relief for first time buyers in existence between March 2010 and March 2012 was found by HMRC to be ineffective in increasing the number of first time buyers entering the market. </strong></p><p> </p><p><strong>The Government is instead taking other steps to support those wishing to purchase a home, such as the Help to Buy and NewBuy schemes. </strong></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 30/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

77857

	registered interest
	date	15/07/2014
	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, if he will lower tax duty on cigarettes.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	205907
	answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>Budget 2014 announced that tobacco duty rates will continue to rise by 2% above RPI each year until the end of the next Parliament.</p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 22/07/2014 13:07:30 answering member 4066 label Biography information for Priti Patel
	tabling member	1447 label Biography information for Andrew Rosindell