At the Autumn Budget, the government announced it would introduce a Transferable Tax History for oil & gas companies. This will give investors in UK oil and gas fields certainty that they will be able to get tax relief for decommissioning assets. This should encourage new investment in older oil and gas fields, keeping them producing for longer and supporting employment.<\/p>
<\/p>
The main industry body, Oil and Gas UK, in response to the Budget announcement have said that a Transferable Tax History would be \u2018a vital step that can bring in new investment to increase recovery from existing fields and fund fresh investment which is key to generating activity for our hard-pressed supply chain. It will also help extend the lives of many mature fields and postpone decommissioning.\u2019<\/em><\/p> <\/p> This builds on the £2.3bn of fiscal support the government has already provided to the UK oil and gas industry, including a package of tax cuts across Budget 2015 and 2016, £40m of funding for seismic surveys to support exploration, and the introduction of a new Investment Allowance. As a result, the UK now has one of the most competitive tax regimes in the world for oil and gas, further supporting investment and jobs.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-02-06", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-02-06T16:43:40.967Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Offshore Industry: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential economic benefits arising from the proposals on transferable tax history in the oil and gas sector set out in Autumn Budget 2017.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4599", "label" : {"_value" : "Biography information for Ross Thomson"}
}
, "tablingMemberConstituency" : {"_value" : "Aberdeen South"}
, "tablingMemberPrinted" : [{"_value" : "Ross Thomson"}
], "uin" : "125217"}
, {"_about" : "http://data.parliament.uk/resources/830367", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/830367/answer", "answerText" : {"_value" : " The Industrial Strategy is an ambitious new partnership between government and businesses, academia, local government and devolved administrations, that will help the UK prepare for the future.<\/p> <\/p> The Industrial Strategy is a collaborative cross-Government project, with clear support from both the Prime Minister and Chancellor.<\/p> <\/p> Government departments will continue to work together to achieve the objectives outlined in the Industrial Strategy, including tackling the barriers to productivity growth and driving investment in the technologies of the future.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-02-01", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-02-01T15:33:55.233Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Industry"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure greater cooperation with the Secretary of State for Business, Energy and Industrial Strategy in order to achieve the objectives of the Industrial Strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"}
, "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"}
], "uin" : "124933"}
, {"_about" : "http://data.parliament.uk/resources/830420", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/830420/answer", "answerText" : {"_value" : " The Chancellor keeps all taxes under continuous review, including air passenger duty.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-30T12:53:46.43Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Air Passenger Duty"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, whether his Department plans to undertake a review of air passenger duty.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4425", "label" : {"_value" : "Biography information for Jo Stevens"}
}
, "tablingMemberConstituency" : {"_value" : "Cardiff Central"}
, "tablingMemberPrinted" : [{"_value" : "Jo Stevens"}
], "uin" : "124986"}
, {"_about" : "http://data.parliament.uk/resources/829966", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/829966/answer", "answerText" : {"_value" : " HM Treasury does not own, pay for or insure any art in the building it occupies at 1 Horse Guard\u2019s Road. Art that is displayed throughout the building is rented from the Government Art Collection at nil cost.<\/p> <\/p> Wine is not purchased independently but included within catering expenditure on hospitality. It is not possible to identify the cost of wine within amounts paid and accrued for hospitality catering.<\/p> <\/p> The breakdown of the core department\u2019s hospitality costs for the last seven years can be found in the table below.<\/p> <\/p> Financial year<\/p><\/td> Hospitality<\/p><\/td><\/tr> 2011-12<\/p><\/td> £14,453<\/p><\/td><\/tr> 2012-13<\/p><\/td> £6,224<\/p><\/td><\/tr> 2013-14<\/p><\/td> £12,568<\/p><\/td><\/tr> 2014-15<\/p><\/td> £8,994<\/p><\/td><\/tr> 2015-16<\/p><\/td> £24,133<\/p><\/td><\/tr> 2016-17<\/p><\/td> £10,023<\/p><\/td><\/tr> 2017-18*<\/p><\/td> £3,702<\/p><\/td><\/tr><\/tbody><\/table> <\/p> *the 2017-18 costs reflect amounts paid and accrued in the financial year to date.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-30T14:31:59.027Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: Public Expenditure"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, how much his Department has spent on (a) art, (b) wine and (c) hospitality in each of the last seven financial years for which figures are available.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4418", "label" : {"_value" : "Biography information for Justin Madders"}
}
, "tablingMemberConstituency" : {"_value" : "Ellesmere Port and Neston"}
, "tablingMemberPrinted" : [{"_value" : "Justin Madders"}
], "uin" : "124700"}
, {"_about" : "http://data.parliament.uk/resources/830111", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/830111/answer", "answerText" : {"_value" : " The non-executive director board members are:<\/p> <\/p> Dame Amelia Fawcett (interim Lead Non-Executive)<\/p><\/li> Richard Meddings<\/p><\/li> Tim Score<\/p> <\/p> The department is currently recruiting for 3 Non-Executive Directors, and a lead non-executive will be appointed, drawn from the existing and new non-executive members of the board.<\/p> <\/p> <\/p><\/li><\/ul>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-30T14:19:19.24Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: Directors"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, who the lead non-executive director and other non-executive director board members are in his Department.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/534", "label" : {"_value" : "Biography information for Chris Ruane"}
}
, "tablingMemberConstituency" : {"_value" : "Vale of Clwyd"}
, "tablingMemberPrinted" : [{"_value" : "Chris Ruane"}
], "uin" : "124798"}
, {"_about" : "http://data.parliament.uk/resources/828604", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/828604/answer", "answerText" : {"_value" : " HM Treasury has been working closely with both the EIB and the North-East Fund with the aim of seeing the North-East Fund\u2019s application progressed as quickly as possible.<\/p> <\/p> Significant, positive progress was made in December 2017 with the EIB Management Committee giving its approval to the application. We are now confident that the North-East Fund\u2019s application can move forward quickly. However, the final decision on signature is a commercial decision for the North-East Fund, subject to the standard contract negotiations between themselves and the EIB.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-31T15:23:58.117Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "European Investment Bank: North East"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, pursuant the Answer of 6 November 2017 to Question 110943 on European Investment Bank: North East, what assessment his Department has made of the effect of the extra due diligence on the timetable for the allocation of funds in the North East.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"}
, "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"}
], "uin" : "124271"}
, {"_about" : "http://data.parliament.uk/resources/828605", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/828605/answer", "answerText" : {"_value" : " The Government and the life sciences sector have agreed a transformative Sector Deal. This draws in substantial investment into the sector from across the world, ensuring that the next wave of breakthrough treatments, innovative medical research and technologies, and highly skilled jobs are created in Britain. The deal announced several specific significant investments in the UK, including MSD opening a new discovery research facility in London, which will support 950 jobs including 150 new high-skilled and high-value research roles. The Sector Deal is expected to generate significant ongoing returns, through increasing life sciences investment in the UK in response to a range of measures to improve the UK environment for the life sciences industry.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-31T15:24:54.46Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Life Sciences: Capital Investment"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 11 December 2017 to Question 118242, on Life Sciences: Capital Investment, what estimate he has made of the money that will be accrued to the public purse from the investment in the Life Sciences Sector deal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"}
, "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"}
], "uin" : "124272"}
, {"_about" : "http://data.parliament.uk/resources/828909", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/828909/answer", "answerText" : {"_value" : "The department\u2019s accounting system does not separately identify bottled water spend. This spend falls under the refreshments category and such spending is spread across several account codes. <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-30T14:15:50.857Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: Drinking Water"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, how much money his Department has spent on bottled water in each year since 2010.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1591", "label" : {"_value" : "Biography information for Tim Farron"}
}
, "tablingMemberConstituency" : {"_value" : "Westmorland and Lonsdale"}
, "tablingMemberPrinted" : [{"_value" : "Tim Farron"}
], "uin" : "124520"}
, {"_about" : "http://data.parliament.uk/resources/827947", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/827947/answer", "answerText" : {"_value" : " As set out in the Autumn Budget 2017 and the Industrial Strategy White Paper, the Government will drive productivity in every region of the UK by investing in infrastructure, developing skills, and supporting business. To date, the Yorkshire and Humber region has received more than £1.3 billion from the Local Growth Fund. The Autumn Budget announced a number of further measures which will benefit the region: an £840 million Transforming Cities Fund, which cities such as Leeds and Bradford will be able to bid into for funding to invest in productivity improving transport projects; up to £35 million to trial cutting-edge technology across the rail network, including along the Trans-Pennine route between Manchester, Leeds and York; and two new Tech Nation Hubs in Leeds and Sheffield, linking local tech businesses into a UK-wide network of hubs.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4320", "label" : {"_value" : "Biography information for Robert Jenrick"}
}
, "answeringMemberConstituency" : {"_value" : "Newark"}
, "answeringMemberPrinted" : {"_value" : "Robert Jenrick"}
, "dateOfAnswer" : {"_value" : "2018-01-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-01-30T12:52:53.477Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2018-01-22", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Productivity: Yorkshire and the Humber"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, what steps his Department is taking to boost regional productivity in the Yorkshire and Humber region.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4658", "label" : {"_value" : "Biography information for Alex Sobel"}
}
, "tablingMemberConstituency" : {"_value" : "Leeds North West"}
, "tablingMemberPrinted" : [{"_value" : "Alex Sobel"}
], "uin" : "123907"}
, {"_about" : "http://data.parliament.uk/resources/828262", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/828262/answer", "answerText" : {"_value" : " As the Chancellor set out in his 2017 Mansion House speech, the EIB has been an important source of finance for infrastructure investment in the UK. The EIB invests across a range of sectors including energy, transport, housing, education, water and sewerage.<\/p> <\/p> For the green industry, the EIBs largest and most frequent loans over the last decade have been in the field of renewable energy generation, more specifically; offshore wind farms and offshore transmission networks (through OFGEMs offshore transmission network tendering process).<\/em><\/p> <\/p> From 2006-2016 the EIB lent \u20ac15.69bn to the UK energy sector. Of this, roughly a quarter was to projects related to offshore wind generation.<\/p> <\/p> The EIB has also lent to other types of environmentally focussed projects such as the rollout of Smart Meters and the Thames Tideway Tunnel.<\/p> <\/p> A complete database of all EIB projects and loan amounts can be found at the link below;<\/p> <\/p>