The government monitors the operation and functioning of the international financial system on an ongoing basis.<\/p>
<\/p>
As noted in the latest Six-Monthly report on Hong Kong, published by the FCDO on 19 September 2023, Hong Kong continues to be recognised as an international financial centre with sole discretion over its monetary and financial policies.<\/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" : "2024-01-30", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-01-30T16:28:39.333Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-01-22", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Hong Kong: Financial Services"} , "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 he has made an assessment of the viability of Hong Kong as an international financial centre.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4602", "label" : {"_value" : "Biography information for Wera Hobhouse"} } , "tablingMemberConstituency" : {"_value" : "Bath"} , "tablingMemberPrinted" : [{"_value" : "Wera Hobhouse"} ], "uin" : "10862"} , {"_about" : "http://data.parliament.uk/resources/1668547", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1668547/answer", "answerText" : {"_value" : "
Widespread hypothecation of tax revenues can undermine the government\u2019s ability to flexibly manage the public finances.<\/p>
<\/p>
Receipts from the ETS are used to fund the Net Zero transition, and public services more broadly, across the UK.<\/p>
<\/p>
The UK\u2019s SAF programme is one of the most comprehensive in the world. We are stimulating demand through our ambitious SAF mandate and are continuing to invest in domestic production to boost domestic supply and help to overcome the investment barrier of proving the technology at commercial scale.<\/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" : "2023-11-15", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-11-15T15:34:43.677Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-11-08", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Aviation: Fuels"} , "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 he has made an assessment of the potential merits of utilising UK Emissions Trading Scheme revenues from aviation to fund UK-based sustainable aviation fuel production.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4602", "label" : {"_value" : "Biography information for Wera Hobhouse"} } , "tablingMemberConstituency" : {"_value" : "Bath"} , "tablingMemberPrinted" : [{"_value" : "Wera Hobhouse"} ], "uin" : "883"} , {"_about" : "http://data.parliament.uk/resources/1666222", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1666222/answer", "answerText" : {"_value" : "
The government does not have estimates for the impact on tax revenues of osteoporotic fractures. However, the government recognises the importance of boosting people\u2019s health for their own benefit, as well as for the wider labour market and the Exchequer.<\/p>
<\/p>
At the Spring Budget, the Chancellor announced a range of measures to support improved population health outcomes and increase the employment rate and hours worked among those with a health condition or disability. For musculoskeletal (MSK) conditions in particular, this included scaling up MSK hubs in the community and ensuring digital resources such as apps for management of mental health and MSK conditions are readily available.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"} } , "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"} , "answeringMemberPrinted" : {"_value" : "Victoria Atkins"} , "dateOfAnswer" : {"_value" : "2023-10-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-10-25T15:21:55.177Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-10-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Osteoporosis: Fractures"} , "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 he will make an estimate of the potential impact of (a) people leaving work and (b) sick days taken due to osteoporotic fractures on tax revenues.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4602", "label" : {"_value" : "Biography information for Wera Hobhouse"} } , "tablingMemberConstituency" : {"_value" : "Bath"} , "tablingMemberPrinted" : [{"_value" : "Wera Hobhouse"} ], "uin" : "203558"} , {"_about" : "http://data.parliament.uk/resources/1658727", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1658727/answer", "answerText" : {"_value" : "
The Government has introduced several fiscal measures to reduce emissions from the aviation sector. The aviation sector is subject to a carbon price via the Emissions Trading Scheme, meaning that airline operators must pay for each tonne of carbon that they emit. Some airline operators in the scheme receive free allowances which reduces their exposure to the carbon price. Following a consultation last year, the UK ETS Authority has announced its decision to phase out free allocation for domestic aviation by 2026.<\/p>
<\/p>
Air Passenger Duty (APD) is the principal tax on the aviation sector. It is expected to raise £3.8 billion in 2023-24 and the primary objective of the tax is to ensure that airlines make a fair contribution to the public finances. The banding structure for distance ensures that those who travel furthest, and thus have a greater impact on the environment, incur a greater tax liability.<\/p>
<\/p>
Further, the Government has committed £685 million to the Aerospace Technology Institute over this Spending Review period to help drive the development of more carbon efficient and zero-emission aircraft. At the Spending Review the Government also guaranteed funding for the Aerospace Technology Institute to 2031. Plus, £165 million has been allocated to directly support the production of more sustainable aviation fuels in the UK.<\/p>
<\/strong><\/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" : "2023-09-13", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-09-13T15:24:11.613Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-09-06", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Aviation: Carbon Emissions"}
, "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 fiscal steps he is taking to reduce emissions from the aviation sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4602", "label" : {"_value" : "Biography information for Wera Hobhouse"}
}
, "tablingMemberConstituency" : {"_value" : "Bath"}
, "tablingMemberPrinted" : [{"_value" : "Wera Hobhouse"}
], "uin" : "198193"}
, {"_about" : "http://data.parliament.uk/resources/1658728", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1658728/answer", "answerText" : {"_value" : " The Government publishes tax information and impact notes (TIINs) for tax policy changes which detail the impact of the policy. The TIIN for the 2023/24 APD rates can be found at: https://www.gov.uk/government/publications/air-passenger-duty-banding-reforms-with-effect-from-april-2023/air-passenger-duty-apd-banding-reforms-and-rates-from-1-april-2023-to-31-march-2024<\/p> <\/p> As with all taxes, the Government keeps APD under review and any changes are announced by the Chancellor at fiscal events.<\/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" : "2023-09-12", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-09-12T12:46:52.347Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-09-06", "_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 assessment he has made of the potential impact of air passenger duty on passenger numbers; and whether he has made an assessment of the potential merits of adjusting the level of such duty.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4602", "label" : {"_value" : "Biography information for Wera Hobhouse"}
}
, "tablingMemberConstituency" : {"_value" : "Bath"}
, "tablingMemberPrinted" : [{"_value" : "Wera Hobhouse"}
], "uin" : "198194"}
, {"_about" : "http://data.parliament.uk/resources/1649634", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1649634/answer", "answerText" : {"_value" : " Information on the number of mortgage prisoners was provided by the Financial Conduct Authority (FCA) in 2021. A link to that report is provided below.<\/p>