The VAT reduced rate for domestic fuel and power is aimed at reducing costs on household purchases of several supplies of energy, including electricity which is generated from renewable sources. This measure helps lower the cost of household bills for families.<\/p>
<\/p>
The UK Government also places additional taxes on the extraction of oil and gas, with companies engaged in the production of oil and gas on the UK Continental Shelf subject to headline tax rates on their profits that are more than double those paid by other businesses. To date, the sector has paid over £330 billion in production taxes.<\/p>
<\/p>
The UK is currently a net importer of both oil and gas and even under the most rapid energy transition scenarios, the UK is expected to remain a net importer for the foreseeable future. Managing the declining production from our relatively small domestic basin, while reducing our overall usage of fossil fuels, is therefore compatible with our climate change commitments.<\/p>
<\/p>
Overall, the UK is fourth on the ODI\u2019s 2018 G7 Fossil Fuel Subsidy Scorecard and is ranked first among G7 nations for pledges and commitments. Since the ODI published their report, the Government has signed a target of net-zero greenhouse gas emissions by 2050 in law, becoming the first G7 country to set such a goal. Among a range of other actions, we have also launched a comprehensive global review of the link between biodiversity and economic growth to be led by Professor Sir Partha Dasgupta.<\/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" : "2019-07-12", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "272843"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-12T09:56:57.87Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-03", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Fossil Fuels: Subsidies"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the findings by the Overseas Development Institute in their 2018 G7 fossil fuel subsidy scorecard that the UK ranks 7th among G7 nations for transparency in its progress in ending Government support for fossil fuels; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4253", "label" : {"_value" : "Biography information for Seema Malhotra"} } , "tablingMemberConstituency" : {"_value" : "Feltham and Heston"} , "tablingMemberPrinted" : [{"_value" : "Seema Malhotra"} ], "uin" : "272841"} , {"_about" : "http://data.parliament.uk/resources/1136665", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1136665/answer", "answerText" : {"_value" : "
The most common measure of inequality is income, and there are a number of countries in Europe that had a higher level of income inequality than the UK in 2017, including Spain, Portugal and Greece. Income inequality by this metric is lower today than it was in 2010.<\/p>
<\/p>
Such measures of inequality do not capture the benefit households receive from the Government\u2019s significant and progressive spending on public services. In 2019/20, the lowest income households will receive over £4 in public spending for every £1 they pay in tax on average. While the highest income households will contribute over £5 in tax for every £1 they receive in public spending on average.<\/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" : "2019-07-12", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-12T10:01:06.957Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-03", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Social Mobility: EU Countries"} , "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 to the oral contribution of the Exchequer Secretary to the Treasury of 2 July 2019, Official Report Vol 662, Column 1054, which countries in Europe his Department considers to have higher levels of social inequality than the UK, and what criteria his Department used to make that assessment.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4470", "label" : {"_value" : "Biography information for Alan Brown"} } , "tablingMemberConstituency" : {"_value" : "Kilmarnock and Loudoun"} , "tablingMemberPrinted" : [{"_value" : "Alan Brown"} ], "uin" : "272889"} , {"_about" : "http://data.parliament.uk/resources/1136679", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1136679/answer", "answerText" : {"_value" : "
The VAT reduced rate for domestic fuel and power is aimed at reducing costs on household purchases of several supplies of energy, including electricity which is generated from renewable sources. This measure helps lower the cost of household bills for families.<\/p>
<\/p>
The UK Government also places additional taxes on the extraction of oil and gas, with companies engaged in the production of oil and gas on the UK Continental Shelf subject to headline tax rates on their profits that are more than double those paid by other businesses. To date, the sector has paid over £330 billion in production taxes.<\/p>
<\/p>
The UK is currently a net importer of both oil and gas and even under the most rapid energy transition scenarios, the UK is expected to remain a net importer for the foreseeable future. Managing the declining production from our relatively small domestic basin, while reducing our overall usage of fossil fuels, is therefore compatible with our climate change commitments.<\/p>
<\/p>
Overall, the UK is fourth on the ODI\u2019s 2018 G7 Fossil Fuel Subsidy Scorecard and is ranked first among G7 nations for pledges and commitments. Since the ODI published their report, the Government has signed a target of net-zero greenhouse gas emissions by 2050 in law, becoming the first G7 country to set such a goal. Among a range of other actions, we have also launched a comprehensive global review of the link between biodiversity and economic growth to be led by Professor Sir Partha Dasgupta.<\/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" : "2019-07-12", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "272841"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-12T09:56:57.823Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-03", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Fuels: Tax Allowances"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the effect of reduced VAT for domestic fuels and tax reliefs for fossil fuel companies on the ability of the UK to phase out fossil fuel infrastructure in alignment with the goals of the Paris Agreement and to achieve net zero emissions by 2050.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4253", "label" : {"_value" : "Biography information for Seema Malhotra"} } , "tablingMemberConstituency" : {"_value" : "Feltham and Heston"} , "tablingMemberPrinted" : [{"_value" : "Seema Malhotra"} ], "uin" : "272843"} , {"_about" : "http://data.parliament.uk/resources/1136697", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1136697/answer", "answerText" : {"_value" : "
The Soft Drinks Industry Levy (SDIL) was introduced in April 2018 with money to the public purse accruing from this date.<\/p>
<\/p>
Monthly and annual receipts from SDIL are published in HMRC\u2019s National Statistics publication, which can be accessed via this link:<\/p>