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1606408

registered interest
date	22/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effectiveness of the expensive car supplement.
tabling member constituency	Glasgow North West
tabling member printed	Carol Monaghan
uin	171452
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>Cars with a list price when new exceeding £40,000 pay an additional supplement for five years as well as paying the standard rate of Vehicle Excise Duty (VED), which means those who can afford the most expensive cars pay more than the standard rate paid by other drivers.</p><p> </p><p>The £40,000 threshold was set as a suitable way of distinguishing the more luxury end of the new car market. As around 80% of all new cars currently have a list price below £40,000, the Government considers this threshold to be suitable.</p><p> </p><p>As with all taxes, the expensive car supplement is kept under review and any changes are considered and announced by the chancellor.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 27/03/2023 16:52:06 answering member 4519 label Biography information for James Cartlidge
tabling member	4443 label Biography information for Carol Monaghan

1606425

registered interest
date	22/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Suisse: Takeovers
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential implications for (a) his policies and (b) the banking sector of the treatment of additional tier-one bondholders in the takeover of Credit Suisse.
tabling member constituency	Vale of Glamorgan
tabling member printed	Alun Cairns
uin	171395
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>As noted by the Chancellor on Monday 20 March, the Government welcomes the steps taken by the Swiss authorities in relation to Credit Suisse to support financial stability.</p><p> </p><p>The Bank of England published a statement to reiterate the creditor hierarchy in the UK. The statement confirmed that Additional Tier 1 (AT1) instruments rank ahead of Common Equity Tier 1 (CET1) and behind Tier 2 (T2) instruments in the insolvency creditor hierarchy. Holders of such instruments should expect to be exposed to losses in resolution or insolvency in the order of their positions in this hierarchy.</p><p> </p><p>The Prudential Regulation Authority is responsible for supervising UK banks’ capital adequacy requirements. The Bank of England's quarterly statistical release shows that the value of Additional Tier 1 capital in the UK banking sector was £67 billion as at Q3 2022. This figure includes both externally issued and intragroup capital instruments.</p><p> </p><p>The Governor of the Bank of England has confirmed that the UK banking system remains safe, sound and well capitalised.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 171396 question first answered 27/03/2023 14:26:40 answering member 4874 label Biography information for Andrew Griffith
tabling member	4086 label Biography information for Alun Cairns

1606427

registered interest
date	22/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the value of Additional Tier 1 bonds supporting UK banks is; and what assessment he has made of the potential impact of the takeover of Credit Suisse on UK Banks' ability to issue those bonds in the future.
tabling member constituency	Vale of Glamorgan
tabling member printed	Alun Cairns
uin	171396
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>As noted by the Chancellor on Monday 20 March, the Government welcomes the steps taken by the Swiss authorities in relation to Credit Suisse to support financial stability.</p><p> </p><p>The Bank of England published a statement to reiterate the creditor hierarchy in the UK. The statement confirmed that Additional Tier 1 (AT1) instruments rank ahead of Common Equity Tier 1 (CET1) and behind Tier 2 (T2) instruments in the insolvency creditor hierarchy. Holders of such instruments should expect to be exposed to losses in resolution or insolvency in the order of their positions in this hierarchy.</p><p> </p><p>The Prudential Regulation Authority is responsible for supervising UK banks’ capital adequacy requirements. The Bank of England's quarterly statistical release shows that the value of Additional Tier 1 capital in the UK banking sector was £67 billion as at Q3 2022. This figure includes both externally issued and intragroup capital instruments.</p><p> </p><p>The Governor of the Bank of England has confirmed that the UK banking system remains safe, sound and well capitalised.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 171395 question first answered 27/03/2023 14:26:40 answering member 4874 label Biography information for Andrew Griffith
tabling member	4086 label Biography information for Alun Cairns

1605759

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to help reduce tax avoidance.
tabling member constituency	Edinburgh North and Leith
tabling member printed	Deidre Brock
uin	904225
answer	answer is ministerial correction date of answer 21/03/2023 answer text <p>Since 2010, the Government has introduced over 200 measures to tackle tax avoidance, evasion, and non-compliance, and in 2021-22 HMRC secured and protected £30.8 billion for public services that would otherwise have gone unpaid.</p><p>Last week the Government went further, closing an avoidance loophole within capital gains tax and setting out plans to double the maximum prison sentences for the most egregious tax fraudsters. The Government will also shortly consult on a new criminal offence for promoters of tax avoidance.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 904231 question first answered 21/03/2023 16:17:21 answering member 4399 label Biography information for Victoria Atkins
tabling member	4417 label Biography information for Deidre Brock

1605760

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitals: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Health and Social Care on the capital budget for the NHS new hospitals programme.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	904228
answer	answer is ministerial correction date of answer 21/03/2023 answer text <p>I discuss a range of priorities on health with the Secretary of State for Health and Social Care, including delivery of the new hospital programme.</p><p>The Hon Member will know that the programme was funded at Spending Review 2020 with £3.7bn for 4 years up to 2024/25 with further funding to be announced at the next Spending Review.</p><p>I know the Hon Gentleman has particular concerns around the issue of RAAC concrete which is affecting hospitals in his constituency and that the Health Secretary has made ensuring safety for patients and staff at affected sites a top priority.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/03/2023 15:12:41 answering member 4051 label Biography information for John Glen
tabling member	4787 label Biography information for James Wild

1605761

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made with Cabinet colleagues of the potential impact of changes in the Government’s energy support schemes on the economy.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	904230
answer	answer is ministerial correction date of answer 21/03/2023 answer text <p>At Spring Budget 2023, the OBR forecast that taken together, the freezing of fuel duty, changes to alcohol duty and the extension of the Energy Price Guarantee (EPG) for three months lower CPI inflation by 0.7 percentage points in 2023-24.</p><p>The OBR forecast that overall the EPG, including the prior announcement at Autumn Statement, will take 2 percentage points off CPI inflation in the year 2023.The subsequent increases to fuel and alcohol duties and the EPG measure then add 0.4 percentage points to CPI inflation in 2024-25.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 21/03/2023 15:45:45 answering member 4519 label Biography information for James Cartlidge
tabling member	4430 label Biography information for Alison Thewliss

1605762

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to help reduce tax avoidance.
tabling member constituency	Gordon
tabling member printed	Richard Thomson
uin	904231
answer	answer is ministerial correction date of answer 21/03/2023 answer text <p>Since 2010, the Government has introduced over 200 measures to tackle tax avoidance, evasion, and non-compliance, and in 2021-22 HMRC secured and protected £30.8 billion for public services that would otherwise have gone unpaid.</p><p>Last week the Government went further, closing an avoidance loophole within capital gains tax and setting out plans to double the maximum prison sentences for the most egregious tax fraudsters. The Government will also shortly consult on a new criminal offence for promoters of tax avoidance.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 904225 question first answered 21/03/2023 16:17:21 answering member 4399 label Biography information for Victoria Atkins
tabling member	4796 label Biography information for Richard Thomson

1605878

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Actuaries: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason he proposes that the new Audit Regulation and Governance Authority will regulate non-public interest actuarial work.
tabling member constituency	East Ham
tabling member printed	Sir Stephen Timms
uin	170528
answer	answer is ministerial correction date of answer 24/03/2023 answer text <p>As set out in the Government’s May 2022 response to its White Paper consultation, <em>Restoring trust in audit and corporate governance, </em>the Government intends that the Audit, Reporting and Governance Authority (ARGA) will regulate public interest actuarial work. These activities have the most significant adverse consequences if not carried out and completed to an appropriate standard.</p><p> </p><p>For non-public interest actuarial work, ARGA will have powers to set technical standards, but will not have monitoring or enforcement powers.</p><p> </p><p>This approach maintains the status quo in respect of non-public interest actuarial work, as the Financial Reporting Council currently sets technical actuarial standards. It will also deliver a broader strengthening of the actuarial regime, as recommended in Sir John Kingman’s independent review.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 24/03/2023 13:26:48 answering member 4874 label Biography information for Andrew Griffith
tabling member	163 label Biography information for Sir Stephen Timms

1605912

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Written Questions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to respond to Question 165453 tabled by the hon. Member for Ealing North on 14th March 2023.
tabling member constituency	Ealing North
tabling member printed	James Murray
uin	170754
answer	answer is ministerial correction date of answer 24/03/2023 answer text <p>PQ UIN 165453 has now been answered.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 24/03/2023 14:54:32 answering member 4399 label Biography information for Victoria Atkins
tabling member	4797 label Biography information for James Murray

1605914

registered interest
date	21/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Yields: Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much revenue has accrued to the Exchequer in (a) inheritance tax (b) capital gains tax (c) tax on dividends and (d) vehicle excise duty from people domiciled in Scotland in the 2021-22 financial year.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	170744
answer	answer is ministerial correction date of answer 28/03/2023 answer text <p>Estimates of revenue raised from Scotland in the 2021-22 financial year can be found in the Government Expenditure and Revenue Scotland (GERS) publication <a href="https://www.gov.scot/binaries/content/documents/govscot/publications/statistics/2022/08/government-expenditure-revenue-scotland-gers-2021-22/documents/government-expenditure-revenue-scotland-2021-22/government-expenditure-revenue-scotland-2021-22/govscot%3Adocument/government-expenditure-revenue-scotland-2021-22.pdf" target="_blank">Government Expenditure &amp; Revenue Scotland 2021-22 (www.gov.scot)</a>.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/03/2023 10:13:05 answering member 4399 label Biography information for Victoria Atkins
tabling member	4772 label Biography information for Kenny MacAskill