Tag: Rachel Reeves

The below Parliamentary question was asked by Rachel Reeves on 2016-05-23.

To ask Mr Chancellor of the Exchequer, with reference to the Answer of 11 May 2016 to Question 36241, what assumptions were made about the number of people (a) taking up a Lifetime ISA and (b) subscribing the maximum annual amount to an ordinary ISA in calculating the estimated Exchequer impacts set out in that Answer.

Mr David Gauke

The Lifetime ISA is a voluntary product. For further information on the costing of this policy, please see page 9 of the Budget 2015 Policy Costings document: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf

ISA statistics are published on the GOV.UK website. Table 9.7 sets out the number of individuals subscribing to ISAs by income and amount subscribed: https://www.gov.uk/government/statistics/number-of-individuals-subscribing-to-an-individual-savings-account-isa-by-income.

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The below Parliamentary question was asked by Rachel Reeves on 2016-07-06.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential annual cost to the Exchequer of a reduction in corporation tax to (a) 15 (b) 14 and (c) 10 per cent.

Mr David Gauke

The corporation tax reductions since 2010 have been designed to increase the competitiveness of the UK business tax system and to support investment and jobs in the UK. Their positive effect has been evidenced by strong growth in GDP, employment, and business investment since 2010.

The Chancellor has now set out his ambition to reduce the corporation tax rate further, to 15% or below, to reinforce this strategy and send a clear message that the UK is open for business.

However, since 2010-11, onshore corporation tax receipts have increased almost 20%, despite lowering the rate from 28% to 20%.

The below Parliamentary question was asked by Rachel Reeves on 2015-11-26.

To ask the Secretary of State for Work and Pensions, what estimate his Department has made of the effect on the household income of a family with two earners and three children which becomes a new claimant of universal credit and which is not migrating from a legacy benefit of the Government’s proposed changes to universal credit announced in the Summer Budget 2015 in each of the next four financial years.

Priti Patel

At the summer budget the Chancellor of the Exchequer set out the Government’s commitment to move the UK from a high tax, high welfare, low wage society to a lower tax, lower welfare, higher wage society. This remains the case, and Universal Credit (UC) is delivering this.

UC is a fundamentally different benefit to the legacy benefit system and provides people with support into, and to progress in work.

Therefore there is no meaningful way of comparing an unreformed Tax Credit system with Universal Credit. The Government has committed to transitional arrangements as we reform the benefits and Tax Credit system. Those transferred by DWP from tax credits to UC will receive Transitional Protection. In addition, estimates of entitlements under UC of the sort requested will vary depending on assumptions on the level of earnings.

The below Parliamentary question was asked by Rachel Reeves on 2016-01-11.

To ask the Secretary of State for Environment, Food and Rural Affairs, if she will publish the evidential basis that underpinned the decision on the allocation of funding to Phase 2 and Phase 3 of the Leeds flood defence scheme in 2011.

Rory Stewart

A proposal for a £188 million flood alleviation scheme for central Leeds was submitted to Defra in January 2010. The proposal was analysed and a number of concerns were identified. As a result of that analysis the Environment Agency agreed to work with Leeds City Council to consider alternatives. The City Council subsequently submitted a bid for the first phase of a phased scheme. We have committed £33 million to better protect Leeds City Centre, benefitting thousands of homes and businesses. No bid has yet been made for further phases.

Whenever an exceptional event happens it is important to review what happened and how to prepare for the future, and the Environment Agency will be doing this following the recent flooding incident. The flood response in Yorkshire will be overseen by Transport Minister Robert Goodwill, who has been appointed as Flooding Envoy to the county and will track progress on recovery and identify lessons learnt.

Work has also already started on the National Resilience Review, which is considering forecasting and modelling, resilience of key infrastructure and the way we make decisions on flood expenditure. The Review is being delivered by a cross-Government team and will be published in the summer.

In response to the flooding, £40 million of funding has been committed to repair flood defences. Construction of the new flood defences is already underway. The Secretary of State will be discussing this issue and the future resilience of the city with Leeds MPs shortly.

The below Parliamentary question was asked by Rachel Reeves on 2016-04-26.

To ask the Secretary of State for Work and Pensions, what estimate he has made of the cost to the public purse of introducing an adoption allowance for self-employed adopters.

Priti Patel

The Government is looking at what more could be done to support the self-employed, but do not have plans to introduce an adoption allowance for self-employed adopters.

The below Parliamentary question was asked by Rachel Reeves on 2016-05-23.

To ask the Secretary of State for Culture, Media and Sport, what Government funding has been awarded to (a) Welcome to Yorkshire, (b) the campaign to bring the Turner Prize to Hull in 2017 and (c) the creation of a new cycle gateway to the Yorkshire Dales National Park since the publication of the Long-Term Economic Plan for Yorkshire and North Lincolnshire in February 2015.

David Evennett

Over the last two financial years, Welcome to Yorkshire has received a total of ​£1,619,100 of Government funding to promote tourism and the success of cycling in Yorkshire, building on the Grand Depart.

This Government is providing £1.5million funding for the Ferens gallery in Hull so it can host the 2017 Turner prize.

And in 2014, the Canal River Trust won £450,000 from the Cycling Ambition in National Park programme for a range of cycling schemes, including the transformation of a 4km stretch of the Leeds and Liverpool Canal centred on the market town of Skipton, which is also a key gateway to the Yorkshire Dales.

On 24 May Government announced funding for both the Sustainable Travel Transition Year Fund 2016/17, and the North East Lincolnshire and Lincolnshire, with projects earmarked across the region but not in the specific Yorkshire Dales area.

The below Parliamentary question was asked by Rachel Reeves on 2016-07-06.

To ask Mr Chancellor of the Exchequer, what the cost to the Exchequer has been of reductions to corporation tax since 2010.

Mr David Gauke

Overall cuts delivered to corporation tax will be worth almost £15bn a year to business by the end of this Parliament. This has enabled businesses to increase investment, take on new staff, increase wages, or reduce prices.

Official costings of any policy announcements can be found in Budget or Autumn Statement documents. The cost of the cut to 17% for instance can be found here:

https://www.gov.uk/government/publications/budget-2016-documents/budget-2016#policy-decisions

The below Parliamentary question was asked by Rachel Reeves on 2015-11-26.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the effect on the household income of a family with one earner and two children which becomes a new claimant of universal credit and is not migrating from a legacy benefit of the Government’s proposed changes to universal credit announced in the Summer Budget 2015 in each of the next four financial years.

Damian Hinds

This issue is a matter for the Department for Work and Pensions. I understand that the Minister for Work and Pensions has responded to an identical question tabled by the hon Member.

The below Parliamentary question was asked by Rachel Reeves on 2016-01-11.

To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment she has made of the adequacy of flood defence spending in Leeds.

Rory Stewart

A proposal for a £188 million flood alleviation scheme for central Leeds was submitted to Defra in January 2010. The proposal was analysed and a number of concerns were identified. As a result of that analysis the Environment Agency agreed to work with Leeds City Council to consider alternatives. The City Council subsequently submitted a bid for the first phase of a phased scheme. We have committed £33 million to better protect Leeds City Centre, benefitting thousands of homes and businesses. No bid has yet been made for further phases.

Whenever an exceptional event happens it is important to review what happened and how to prepare for the future, and the Environment Agency will be doing this following the recent flooding incident. The flood response in Yorkshire will be overseen by Transport Minister Robert Goodwill, who has been appointed as Flooding Envoy to the county and will track progress on recovery and identify lessons learnt.

Work has also already started on the National Resilience Review, which is considering forecasting and modelling, resilience of key infrastructure and the way we make decisions on flood expenditure. The Review is being delivered by a cross-Government team and will be published in the summer.

In response to the flooding, £40 million of funding has been committed to repair flood defences. Construction of the new flood defences is already underway. The Secretary of State will be discussing this issue and the future resilience of the city with Leeds MPs shortly.

The below Parliamentary question was asked by Rachel Reeves on 2016-04-26.

To ask the Secretary of State for Work and Pensions, what estimate he has made of the cost to the public purse of extending statutory (a) maternity pay, (b) paternity pay and (c) sick pay to self-employed people.

Priti Patel

The Government is looking at what more could be done to support the self-employed, but do not have plans to extend Statutory Payments to self-employed people. Statutory payments are paid by employers to qualifying employees.