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  • Holly Lynch – 2016 Parliamentary Question to the HM Treasury

    Holly Lynch – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Holly Lynch on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to page 64 of the Budget 2016, how much of the £150 million announced for flood defence schemes he plans will be spent in (a) Leeds, (b) Cumbria, (c) Calderdale and (d) York; and when he expects that funding to be delivered.

    Greg Hands

    The Budget announced that over £150m will be invested in flood defence schemes in Leeds, York, Calder Valley, Carlisle and wider Cumbria. Funding will be allocated accordingly: Leeds (£35m), Cumbria (excluding Carlisle) (£33m), Carlisle (up to £25m), Calder Valley (£35m), and York (£45m). This funding will be delivered over the period 2016-17 to 2020-21.

  • Owen Thompson – 2016 Parliamentary Question to the HM Treasury

    Owen Thompson – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Owen Thompson on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, whether his Department has set a deadline for implementation of a city deal for Edinburgh and South East Scotland.

    Greg Hands

    The Budget formally announced the opening of discussions with local partners and the Scottish Government towards a City Deal for Edinburgh and South East Scotland. No deadline has been set for their conclusion or for implementation of a Deal, but we will work with all parties to ensure that discussions proceed at an appropriate pace for delivering the best Deal to drive economic growth in Edinburgh and South East Scotland.

  • Owen Thompson – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Owen Thompson – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Owen Thompson on 2016-03-16.

    To ask the Secretary of State for Business, Innovation and Skills, with reference to page 69 of the Budget 2016, when his Department plans to start the science and innovation audit in Edinburgh and the Lothians.

    Joseph Johnson

    The first wave of Science and Innovation Audits, including the Edinburgh and the Lothians audit, were announced at Budget on 16th March. Consortia going through Wave 1 have been selected to represent a cross section of approaches, geographical areas, and capacity to engage actively in developing the methodology. Initial planning meetings will commence shortly and we expect the project to be delivered by the Autumn.

  • Owen Thompson – 2016 Parliamentary Question to the HM Treasury

    Owen Thompson – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Owen Thompson on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, when he expects discussions to begin with partners in the Edinburgh and South East Scotland City Deal.

    Greg Hands

    The Budget formally announced the opening of discussions with local partners and the Scottish Government towards a City Deal for Edinburgh and South East Scotland. No deadline has been set for their conclusion or for implementation of a Deal, but we will work with all parties to ensure that discussions proceed at an appropriate pace for delivering the best Deal to drive economic growth in Edinburgh and South East Scotland.

  • 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 2016-03-16.

    To ask Mr Chancellor of the Exchequer, what estimate he has made of the annual amount saved in ISA accounts in each income group; and if he will make a statement.

    Harriett Baldwin

    ISA statistics for the latest available tax year (2012-13) are published on the GOV.UK website.

  • 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 2016-03-16.

    To ask Mr Chancellor of the Exchequer, what estimate he has made of the change in the debt to gross domestic product ratio in 2014-15 and 2015-16; and if he will make a statement.

    Greg Hands

    Public sector net debt is forecast to fall from 2016-17 to the end of the Parliament, reaching 77.2% of GDP by the end of 2019-20. The OBR’s latest forecast is that the level of cash debt at the end of 2015-16 will be £1591 billion, down from £1599 billion in its November forecast. Debt as a share of GDP is forecast to rise from 83.3% in 2014-15 to 83.7% of GDP at the end of 2015-16 because the economy is smaller in nominal terms in 2015-16 than forecast in November, largely due to lower inflation. The government has also delayed the sale of the remaining shares in Lloyds Banking Group as a result of market conditions.

  • 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 2016-03-16.

    To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the effect of changes in the participation rate on economic productivity; and if he will make a statement.

    Greg Hands

    Government action to reward work and reform benefits has delivered a strong labour market which has seen the employment rate grow more than any other G7 country since early 2010 (Q1), and in the three months to January it stood at 74.1 per cent – the highest since records began.

    The government believes it is possible to maintain a strong labour market and improve productivity performance, and this why it has set out a comprehensive programme of structural reform in the productivity plan – “Fixing the Foundations” – with further measures included in Budget 2016.

  • Anne Main – 2016 Parliamentary Question to the HM Treasury

    Anne Main – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Anne Main on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, how much in VAT-based contributions the UK paid to the EU in each of the last 10 years; and if he will estimate the amount of such contributions in each of the next five years.

    Mr David Gauke

    The European Commission’s annual Financial Report provides calendar year historical contributions figures.

  • 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 2016-03-16.

    To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the effect of immigration on the UK’s GDP in the last 10 years; and if he will make a statement.

    Greg Hands

    Analysis undertaken by the independent Migration Advisory Committee in 2012 shows that higher levels of net migration will, all else equal, increase the growth rate of the potential labour supply and therefore the rate of growth of overall GDP.

  • Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to the judgment in Iliffe News and Media Ltd & Ors v Revenue and Customs [2012] UKFTT 696 (TC) (1 November 2012), what steps his Department has taken against Ernst & Young for designing and marketing the tax avoidance scheme rejected by the court.

    Mr David Gauke

    It is not possible for HM Revenue and Customs (HMRC) to provide details of any action taken in connection with these organisations.

    In the March 2015 Budget, the Government challenged the accountancy and tax professional bodies to improve how they deal with their members who promote tax avoidance schemes.

    The professional bodies have responded positively to this challenge and are working with HMRC to agree a new standard to which their members will need to adhere.