The Treasury meet with the Bank of England regularly to discuss their assessment of the economy, inflation and the impact of shocks and structural trends, including climate change.<\/p>
The Office for Budget Responsibility (OBR) is the government\u2019s official forecaster. They published their latest assessment of the economic and fiscal outlook (EFO) which includes inflation on 6th March. The Fiscal risks and sustainability report, published in July 2023, included discussion of the long-term impact of climate change on the fiscal position.<\/p>
The Bank of England has operational independence over monetary policy and publishes its own forecasts, including for inflation, in its quarterly Monetary Policy Report.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "answeringMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "answeringMemberPrinted" : {"_value" : "Bim Afolami"} , "dateOfAnswer" : {"_value" : "2024-04-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-23T10:47:12.437Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-04-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Climate Change: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, whether his Department has had discussions with the Bank of England on incorporating the impact of climate change in inflation modelling.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"} } , "tablingMemberConstituency" : {"_value" : "Norwich South"} , "tablingMemberPrinted" : [{"_value" : "Clive Lewis"} ], "uin" : "22346"} , {"_about" : "http://data.parliament.uk/resources/1657318", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1657318/answer", "answerText" : {"_value" : "
The government continues to work with industry, The Crown Estate and other partners to support the UK's offshore wind manufacturing sector. Funding is allocated in line with the government\u2019s overall priorities, primarily through the spending review process, with the overall amount of spending informed by the wider fiscal position.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4850", "label" : {"_value" : "Biography information for Gareth Davies"} } , "answeringMemberConstituency" : {"_value" : "Grantham and Stamford"} , "answeringMemberPrinted" : {"_value" : "Gareth Davies"} , "dateOfAnswer" : {"_value" : "2023-09-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-09-07T09:15:38.937Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-09-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Renewable Energy: Supply Chains"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, with reference to paragraph 6.11 in the report of the Royal Trustees on the Sovereign Grant Review 2023, if he will take steps to ensure that the increased surplus to the Exchequer from the Crown Estate in (a) 2023-24 and (b) 2024-25 is used to train UK resident workers to meet the demand for supply chain jobs in Renewable Energy Zones.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"} } , "tablingMemberConstituency" : {"_value" : "Norwich South"} , "tablingMemberPrinted" : [{"_value" : "Clive Lewis"} ], "uin" : "196940"} , {"_about" : "http://data.parliament.uk/resources/1540180", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1540180/answer", "answerText" : {"_value" : "
HMRC is unable to publish information on tickets and revenue received from higher rate flights where the plane was over 20 tonnes and equipped to carry fewer than 19 passengers. This is because the information is disclosive.<\/p>
<\/p>
HMRC produces estimates of Air Passenger Duty passenger numbers and receipts, at the following link:<\/p>
APD passengers by financial year<\/strong><\/p><\/td> Reduced Rate Band B Passengers (thousands)<\/strong><\/p><\/td> Reduced Rate Band B Passengers (% of Total Band B Passengers)<\/strong><\/p><\/td> Standard Rate Band B Passengers (thousands)<\/strong><\/p><\/td> Standard Rate Band B Passengers (% of Total Band B Passengers)<\/strong><\/p><\/td> Total Band B Passengers (thousands)<\/strong><\/p><\/td> Total Passengers (thousands)<\/strong><\/p><\/td><\/tr> 2017 to 2018<\/strong><\/p><\/td> 18,742<\/p><\/td> 78.2%<\/p><\/td> 5,235<\/p><\/td> 21.8%<\/p><\/td> 23,977<\/p><\/td> 118,352<\/p><\/td><\/tr> 2018 to 2019<\/strong><\/p><\/td> 19,372<\/p><\/td> 78.5%<\/p><\/td> 5,312<\/p><\/td> 21.5%<\/p><\/td> 24,683<\/p><\/td> 122,394<\/p><\/td><\/tr> 2019 to 2020<\/strong><\/p><\/td> 19,597<\/p><\/td> 78.6%<\/p><\/td> 5,338<\/p><\/td> 21.4%<\/p><\/td> 24,935<\/p><\/td> 118,692<\/p><\/td><\/tr> 2020 to 2021<\/strong><\/p><\/td> 1,535<\/p><\/td> 77.5%<\/p><\/td> 446<\/p><\/td> 22.5%<\/p><\/td> 1,981<\/p><\/td> 12,118<\/p><\/td><\/tr> 2021 to 2022 [provisional]<\/strong><\/p><\/td> 5,403<\/p><\/td> 75.9%<\/p><\/td> 1,711<\/p><\/td> 24.1%<\/p><\/td> 7,114<\/p><\/td> 39,115<\/p><\/td><\/tr><\/tbody><\/table> <\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"}
}
, "answeringMemberConstituency" : {"_value" : "South Suffolk"}
, "answeringMemberPrinted" : {"_value" : "James Cartlidge"}
, "dateOfAnswer" : {"_value" : "2022-11-14", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "80793"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-14T17:40:26.673Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-07", "_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 the Chancellor of the Exchequer, what the Air Passenger Duty revenues have been from flights where the plane was over 20 tonnes and equipped to carry fewer than 19 passengers in each of the last five years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"}
}
, "tablingMemberConstituency" : {"_value" : "Norwich South"}
, "tablingMemberPrinted" : [{"_value" : "Clive Lewis"}
], "uin" : "80792"}
, {"_about" : "http://data.parliament.uk/resources/1540181", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1540181/answer", "answerText" : {"_value" : " HMRC is unable to publish information on tickets and revenue received from higher rate flights where the plane was over 20 tonnes and equipped to carry fewer than 19 passengers. This is because the information is disclosive.<\/p> <\/p> HMRC produces estimates of Air Passenger Duty passenger numbers and receipts, at the following link:<\/p> APD passengers by financial year<\/strong><\/p><\/td> Reduced Rate Band B Passengers (thousands)<\/strong><\/p><\/td> Reduced Rate Band B Passengers (% of Total Band B Passengers)<\/strong><\/p><\/td> Standard Rate Band B Passengers (thousands)<\/strong><\/p><\/td> Standard Rate Band B Passengers (% of Total Band B Passengers)<\/strong><\/p><\/td> Total Band B Passengers (thousands)<\/strong><\/p><\/td> Total Passengers (thousands)<\/strong><\/p><\/td><\/tr> 2017 to 2018<\/strong><\/p><\/td> 18,742<\/p><\/td> 78.2%<\/p><\/td> 5,235<\/p><\/td> 21.8%<\/p><\/td> 23,977<\/p><\/td> 118,352<\/p><\/td><\/tr> 2018 to 2019<\/strong><\/p><\/td> 19,372<\/p><\/td> 78.5%<\/p><\/td> 5,312<\/p><\/td> 21.5%<\/p><\/td> 24,683<\/p><\/td> 122,394<\/p><\/td><\/tr> 2019 to 2020<\/strong><\/p><\/td> 19,597<\/p><\/td> 78.6%<\/p><\/td> 5,338<\/p><\/td> 21.4%<\/p><\/td> 24,935<\/p><\/td> 118,692<\/p><\/td><\/tr> 2020 to 2021<\/strong><\/p><\/td> 1,535<\/p><\/td> 77.5%<\/p><\/td> 446<\/p><\/td> 22.5%<\/p><\/td> 1,981<\/p><\/td> 12,118<\/p><\/td><\/tr> 2021 to 2022 [provisional]<\/strong><\/p><\/td> 5,403<\/p><\/td> 75.9%<\/p><\/td> 1,711<\/p><\/td> 24.1%<\/p><\/td> 7,114<\/p><\/td> 39,115<\/p><\/td><\/tr><\/tbody><\/table> <\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"}
}
, "answeringMemberConstituency" : {"_value" : "South Suffolk"}
, "answeringMemberPrinted" : {"_value" : "James Cartlidge"}
, "dateOfAnswer" : {"_value" : "2022-11-14", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "80792"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-14T17:40:26.753Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-07", "_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 the Chancellor of the Exchequer, how many and what proportion of tickets on higher rate flights incurrent the (a) reduced and (b) standard rate of Air Passenger Duty in each of the last five years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"}
}
, "tablingMemberConstituency" : {"_value" : "Norwich South"}
, "tablingMemberPrinted" : [{"_value" : "Clive Lewis"}
], "uin" : "80793"}
, {"_about" : "http://data.parliament.uk/resources/1461852", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1461852/answer", "answerText" : {"_value" : " HMRC is not currently aware of any data loss that has occurred within, or as a result of, any of HMRC\u2019s programmes to digitalise tax.<\/p> <\/p> HMRC take security matters very seriously and maintain strict protocols in terms of cyber-security and the security, storage, management, and processing of customer data.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4517", "label" : {"_value" : "Biography information for Lucy Frazer"}
}
, "answeringMemberConstituency" : {"_value" : "South East Cambridgeshire"}
, "answeringMemberPrinted" : {"_value" : "Lucy Frazer"}
, "dateOfAnswer" : {"_value" : "2022-05-16", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-05-16T16:39:52.973Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-05-11", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Revenue and Customs: ICT"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, whether HMRC is aware of any data lost in the most recent program upgrade of the Digital Tax Program.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"}
}
, "tablingMemberConstituency" : {"_value" : "Norwich South"}
, "tablingMemberPrinted" : [{"_value" : "Clive Lewis"}
], "uin" : "889"}
, {"_about" : "http://data.parliament.uk/resources/1461865", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1461865/answer", "answerText" : {"_value" : " The number of Default Surcharge penalties issued in respect of both late return submissions and of late payment of VAT in the 2020-21 financial year was 279,430 and was 610,170 in the 2021-22 financial year.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4517", "label" : {"_value" : "Biography information for Lucy Frazer"}
}
, "answeringMemberConstituency" : {"_value" : "South East Cambridgeshire"}
, "answeringMemberPrinted" : {"_value" : "Lucy Frazer"}
, "dateOfAnswer" : {"_value" : "2022-05-19", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-05-19T15:58:36.507Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-05-11", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "VAT: Fines"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, how many penalties have been issued by HMRC in respect of late payment of VAT in financial years (a) 2021-22 and (b) 2020-21.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"}
}
, "tablingMemberConstituency" : {"_value" : "Norwich South"}
, "tablingMemberPrinted" : [{"_value" : "Clive Lewis"}
], "uin" : "890"}
, {"_about" : "http://data.parliament.uk/resources/1403901", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1403901/answer", "answerText" : {"_value" : " HM Revenue and Customs regularly published statistics on the Coronavirus Job Retention Scheme (CJRS).<\/p> <\/p> The statistics published in August 2020 can be found on gov.uk:<\/p> https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020<\/a>.<\/p> These statistics report that employers classified under Passenger air transport and Freight air transport and space transport (Standard Industry Classification 2007, groups 51.1 and 51.2) claimed £283 million for staff on furlough between the start of the scheme and 31 July 2020.<\/p> <\/p> Statistics published on 3 June 2021 report that employers in the Passenger air transport and Freight air transport and space transport sectors claimed £295 million from 1 November 2020 to 30 April 2021. These figures can be found here: https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-3-june-2021<\/a>.<\/p> <\/p> |