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  • Jim Cunningham – 2016 Parliamentary Question to the HM Treasury

    Jim Cunningham – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Jim Cunningham on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 10 October 2016 to Question 46494, whether his Department keeps a record of the number of people who have had their tax credits stopped and subsequently reinstated by Concentrix in each of the last 12 months; and if he will make a statement.

    Jane Ellison

    HM Revenue and Customs (HMRC) does not keep records of the number of people who had their tax credits stopped and then re-instated by Concentrix. Only the number of awards that have been amended, which could be stopped, reduced or increased, is recorded.

    HMRC is currently focussed on resolving the outstanding cases but will be preparing analysis, which will be available in due course.

  • Catherine West – 2016 Parliamentary Question to the HM Treasury

    Catherine West – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Catherine West on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, how many applications his Department has received for the Widening Access Tax Rebate Scheme for trainee psychologists in each year since the rebate scheme has been in operation.

    Jane Ellison

    HM Revenue and Customs does not hold information on the specific course undertaken so is unable to provide figures for the number of applications for trainee psychologists.

  • Gareth Thomas – 2016 Parliamentary Question to the HM Treasury

    Gareth Thomas – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Gareth Thomas on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, which agreed EU directives have not yet been transposed directly into UK law; and if he will make a statement.

    Mr David Gauke

    Until exit negotiations are concluded, the UK remains a full member of the European Union and all the rights and obligations of EU membership remain in force. During this period the Government will continue to negotiate, implement and apply EU legislation.

    EU Directives related to HM Treasury responsibilities awaiting transposition into UK law are as follows: The Fourth Anti-Money Laundering Directive, The Anti-Tax Avoidance Directive, VAT Vouchers Directive, Markets in Financial Instruments Directive II, the Payment Services Directive II, the Insurance Distribution Directive and amendment to the Directive on Administrative Assistance and Mutual Cooperation.

  • Matthew Pennycook – 2016 Parliamentary Question to the HM Treasury

    Matthew Pennycook – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Matthew Pennycook on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential benefits of replacing the Bank of England’s two per cent inflation target with a two to three per cent inflation target averaged over the business cycle

    Simon Kirby

    A comprehensive Review of the Monetary Policy Framework was published in 2013, considering the benefits and costs of a number of different monetary policy frameworks. The current remit for the Monetary Policy Committee reflects the assessment set out in the Review, which includes retaining a flexible inflation targeting framework, with a 2 per cent symmetric inflation target, as measured by the 12 month change in the Consumer Prices Index. The remit also states that the MPC may allow inflation to deviate from this target temporarily in order not to cause undesirable volatility in output due to the short-term trade-offs involved.

  • Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Hilary Benn on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, if he will estimate the potential change in (a) the number of jobs in the UK and (b) tax revenue collected by HM Treasury in the event of euro-denominated clearing being no longer permitted once the UK leaves the EU.

    Mr David Gauke

    The ability to clear financial instruments denominated in different currencies in the same clearing house (CCP) brings considerable efficiency savings to customers. UK CCPs are supervised to the highest global standards by the Bank of England and the Government will keep on doing what it takes to see the UK’s financial industry remains a world leader.

  • Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Hilary Benn on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, if he will estimate the annual (a) percentage change and (b) change to the nearest million pounds in tax revenue to HM Treasury in the event of the UK leaving the EU without securing any preferential trade agreements and reverting to standard World Trade Organisation rules from current trading relationships.

    Mr David Gauke

    As the Prime minister has said, we want the best outcome for Britain. That means pursuing a bespoke arrangement which gives British companies the maximum freedom to trade with and operate in the single market, and enables us to decide for ourselves how we control immigration.

  • Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Hilary Benn on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, if he will estimate the percentage change in (a) trade, (b) foreign direct investment and (c) the level of productivity in the UK in the event of the UK leaving the EU without securing any preferential trade agreements and reverting to standard World Trade Organisation rules from current trading relationships.

    Mr David Gauke

    As the Prime Minister has said, we want the best outcome for Britain. That means pursuing a bespoke arrangement which gives British companies the maximum freedom to trade with and operate in the single market, and enables us to decide for ourselves how we control immigration.

  • Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    Hilary Benn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Hilary Benn on 2016-10-11.

    To ask Mr Chancellor of the Exchequer, if he will estimate the (a) percentage change in GDP and (b) change in the number of jobs in the UK in the event of the UK leaving the EU without securing any preferential trade agreements and reverting to standard World Trade Organisation rules from current trading relationships.

    Mr David Gauke

    As the Prime Minister has said, we want the best outcome for Britain. That means pursuing a bespoke arrangement which gives British companies the maximum freedom to trade with and operate in the single market, and enables us to decide for ourselves how we control immigration.

  • Gareth Thomas – 2016 Parliamentary Question to the Department for Communities and Local Government

    Gareth Thomas – 2016 Parliamentary Question to the Department for Communities and Local Government

    The below Parliamentary question was asked by Gareth Thomas on 2016-10-11.

    To ask the Secretary of State for Communities and Local Government, if he will publish the amount of business rate income generated in each local authority area in England for each of the last five years; and if he will make a statement.

    Mr Marcus Jones

    The Department has published non-domestic rating income from the rates retention scheme for 2013-14 and 2014-15 and forecast non-domestic rating income from the rates retention scheme for 2015-16 and 2016-17 for each local authority at the following link: https://www.gov.uk/government/collections/national-non-domestic-rates-collected-by-councils

    Data relating to non-domestic rating income collected by local authorities prior to the rates retention scheme can also be found at the same link.

    The national non-domestic rates collected by councils for 2015-16 (final outturn) will be published on the 23 November 2016.

    “

  • Gareth Thomas – 2016 Parliamentary Question to the Department for Communities and Local Government

    Gareth Thomas – 2016 Parliamentary Question to the Department for Communities and Local Government

    The below Parliamentary question was asked by Gareth Thomas on 2016-10-11.

    To ask the Secretary of State for Communities and Local Government, if he will publish a review of the effectiveness of Local Economic Partnerships; and if he will make a statement.

    Andrew Percy

    The effectiveness of Local Enterprise Partnerships (LEPs) is assessed by this Department and the Department for Business, Energy and Industrial Strategy on an on-going basis. My Department does not publish information on internal conversations or assessment of LEPs. We are currently assessing LEPs’ proposals for a further round of Growth Deals, which includes an assessment of their growth strategy, the strength of their governance and partnerships and their record of delivery. We intend to announce Growth Deals later this year.