UK House Price Index<\/a> shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.<\/p>Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the Government bonus, any interest or growth arising from it, and a proportion of the individual\u2019s initial savings.<\/p>
The Government keeps all aspects of savings tax policy under review.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4518", "label" : {"_value" : "Biography information for Tulip Siddiq"}
}
, "answeringMemberConstituency" : {"_value" : "Hampstead and Highgate"}
, "answeringMemberPrinted" : {"_value" : "Tulip Siddiq"}
, "dateOfAnswer" : {"_value" : "2024-10-29", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "11012"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-29T17:56:12.44Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Individual Savings Accounts: First Time Buyers"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if she will review the Lifetime ISA withdrawal limit to support first time buyers in London.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4510", "label" : {"_value" : "Biography information for Helen Hayes"}
}
, "tablingMemberConstituency" : {"_value" : "Dulwich and West Norwood"}
, "tablingMemberPrinted" : [{"_value" : "Helen Hayes"}
], "uin" : "11013"}
, {"_about" : "http://data.parliament.uk/resources/1737059", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1737059/answer", "answerText" : {"_value" : "
Exemptions are permitted from Lottery Duty including for lotteries run as Large Society Lotteries under the terms of the Gambling Act 2005.<\/p>
<\/p>
Regulatory responsibility for those lotteries lies with the Gambling Commission. Society lotteries require a licence to operate from the Gambling Commission and are tightly regulated.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-10-29", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-29T17:09:37.26Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Lotteries: Taxation"}
, "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 estimate her Department has made of the potential revenue loss from large society lotteries who should be paying lottery duty due to not meeting social responsibility requirements but have not.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4008", "label" : {"_value" : "Biography information for Dame Caroline Dinenage"}
}
, "tablingMemberConstituency" : {"_value" : "Gosport"}
, "tablingMemberPrinted" : [{"_value" : "Dame Caroline Dinenage"}
], "uin" : "10985"}
, {"_about" : "http://data.parliament.uk/resources/1737127", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1737127/answer", "answerText" : {"_value" : "
The Government recognises the important contribution of co-operatives to the economy, serving local communities around the UK and ensuring the UK has a diverse business sector with their model of shared ownership. There are currently 7,370 co-operatives operating across the UK, with an annual income of £42.7 billion.<\/p>
<\/p>
The Government is committed to unlocking the full potential of the mutual and co-operative sector to support inclusive growth and will work with the sector to ensure it is fully supported to grow.<\/p>
<\/p>
To help ensure co-operatives legislation is meeting the needs of co-operative and community benefit societies, the Government is funding the Law Commission\u2019s independent review of the Co-operative and Community Benefit Societies Act 2014. This will consider ways to update and modernise the Act.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4518", "label" : {"_value" : "Biography information for Tulip Siddiq"}
}
, "answeringMemberConstituency" : {"_value" : "Hampstead and Highgate"}
, "answeringMemberPrinted" : {"_value" : "Tulip Siddiq"}
, "dateOfAnswer" : {"_value" : "2024-10-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-31T10:16:31.45Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Cooperatives"}
, "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 steps she is taking with Cabinet colleagues to support the growth of co-operatives.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : "http://data.parliament.uk/members/5034", "tablingMemberConstituency" : {"_value" : "Cannock Chase"}
, "tablingMemberPrinted" : [{"_value" : "Josh Newbury"}
], "uin" : "900978"}
, {"_about" : "http://data.parliament.uk/resources/1737128", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1737128/answer", "answerText" : {"_value" : "
The Government recognises the important contribution of co-operatives and mutuals to the economy, serving local communities around the UK and ensuring the UK has a diverse business sector with their model of shared ownership. According to the Co-operative and Mutual Economy Report 2024, there are currently 9,342 mutual and co-operative businesses in the UK, with an annual income of £165.7 billion.<\/p>
<\/p>
The Government is committed to unlocking the full potential of the mutual and co-operative sector to support inclusive growth and will work with the sector to ensure it is fully supported to grow.<\/p>
<\/p>
To help ensure co-operatives legislation is meeting the needs of co-operative and community benefit societies, the Government is funding the Law Commission\u2019s independent review of the Co-operative and Community Benefit Societies Act 2014. This will consider ways to update and modernise the Act.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4518", "label" : {"_value" : "Biography information for Tulip Siddiq"}
}
, "answeringMemberConstituency" : {"_value" : "Hampstead and Highgate"}
, "answeringMemberPrinted" : {"_value" : "Tulip Siddiq"}
, "dateOfAnswer" : {"_value" : "2024-10-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-31T10:18:06.763Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Cooperatives and Mutual Societies: New Businesses"}
, "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 steps she is taking with Cabinet colleagues to support new co-operatives and mutuals.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4595", "label" : {"_value" : "Biography information for Gareth Snell"}
}
, "tablingMemberConstituency" : {"_value" : "Stoke-on-Trent Central"}
, "tablingMemberPrinted" : [{"_value" : "Gareth Snell"}
], "uin" : "900981"}
, {"_about" : "http://data.parliament.uk/resources/1736542", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1736542/answer", "answerText" : {"_value" : "
The UK\u2019s contribution to the ERA will be provided to the Government of Ukraine as a loan from the UK Government, for them to spend on military procurement. Because it is not direct UK defence spending, HMG\u2019s assessment is the £2.26bn ERA loan will therefore not count as NATO qualifying UK defence spending.<\/p>
It will be in addition to current NATO qualifying UK defence spending.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4621", "label" : {"_value" : "Biography information for Darren Jones"}
}
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, "answeringMemberPrinted" : {"_value" : "Darren Jones"}
, "dateOfAnswer" : {"_value" : "2024-10-28", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-28T18:04:17.173Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Ukraine: Overseas Loans"}
, "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 the £2.26bn loan for Ukraine will be included in the GDP figure for defence expenditure.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"}
}
, "tablingMemberConstituency" : {"_value" : "South Suffolk"}
, "tablingMemberPrinted" : [{"_value" : "James Cartlidge"}
], "uin" : "10746"}
, {"_about" : "http://data.parliament.uk/resources/1736544", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1736544/answer", "answerText" : {"_value" : "
With regard to the UK\u2019s disbursement of its £2.26bn contribution to the Extraordinary Revenue Acceleration scheme, the loan agreement and full terms remain in discussion and no decision has yet been made on what Ukraine will buy using this money. The UK intends to begin disbursing this money from early next year.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4621", "label" : {"_value" : "Biography information for Darren Jones"}
}
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, "answeringMemberPrinted" : {"_value" : "Darren Jones"}
, "dateOfAnswer" : {"_value" : "2024-10-28", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2024-10-28T18:05:56.8Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Ukraine: Overseas Loans"}
, "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 the Oral Statement of 22 October 2024 on Ukraine, Official Report, columns 183-4, whether she has had discussions with her Ukrainian counterpart on the proportion of the £2.26 billion loan to Ukraine that will be spent on the UK defence industry.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"}
}
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, "tablingMemberPrinted" : [{"_value" : "James Cartlidge"}
], "uin" : "10748"}
, {"_about" : "http://data.parliament.uk/resources/1736563", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1736563/answer", "answerText" : {"_value" : "
The UK economy has experienced significant disruption in recent years due to a range of factors including Covid-19, supply chain disruption and the invasion of Ukraine by Russia. It remains challenging to separate out the effects of leaving the Customs Union and Single Market from wider global trends affecting the UK economy.<\/p>
<\/p>
It is for the Office for Budget Responsibility (OBR) to provide independent and authoritative analysis and forecasting for the UK public finances. The OBR has estimated that productivity will be 4% lower in the long run than it would have been had the UK not withdrawn from the EU, and that imports and exports will eventually both be 15 per cent lower than had we stayed in the EU. The OBR estimated in March 2024 that 40% of this impact has already materialised.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4518", "label" : {"_value" : "Biography information for Tulip Siddiq"}
}
, "answeringMemberConstituency" : {"_value" : "Hampstead and Highgate"}
, "answeringMemberPrinted" : {"_value" : "Tulip Siddiq"}
, "dateOfAnswer" : {"_value" : "2024-10-29", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-10-29T13:57:22.823Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-10-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "UK Trade with EU"}
, "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 she has made of the potential impact of leaving the European (a) Customs Union and (b) Single Market on growth.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4434", "label" : {"_value" : "Biography information for Stephen Gethins"}
}
, "tablingMemberConstituency" : {"_value" : "Arbroath and Broughty Ferry"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Gethins"}
], "uin" : "10736"}
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