26 Nov 2024·Treasury·Answered
AskedHow many international (a) air miles and (b) flights have been completed by (i) her and (ii) staff in her office since 5 July 2024.
ReplyThe Chancellor and her Private Office staff have completed three international trips since 5 July 2024. Further details for international flights will be published in the usual way in due course on gov.uk: https://www.gov.uk/government/collections/hmt-min...
19 Nov 2024·Treasury·Answered
AskedWith reference to item 29 of Table 5.1 of the Autumn Budget 2024, HC 295, what the evidential basis is for her Department's estimate that changes to inheritance tax will raise £520 million from 2028/29.
ReplyI refer the Honourable Member to the PQ referenced 13620 published on 11th November 2024 at https://questions-statements.parliament.uk/written-questions/detail/2024-11-11/13620.
19 Nov 2024·Treasury·Answered
AskedHow many farmers her Department consulted on changes to agricultural property relief before the Autumn Budget 2024.
ReplyThe Government takes into account all representations made ahead of the Budget, and meets with stakeholders on a regular basis.
19 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 19 November 2024 to Question 13562 on National Income, if she will make an assessment of the potential impact of immigration numbers on recent trends in the rate of (a) economy growth and (
ReplyThe impact of migration on GDP and GDP per capita will depend, among other factors, on the age, education, skill level, and participation rate of migrants, as well as the investment response of businesses. The latest data indicates that net migration has ...
15 Nov 2024·Treasury·Answered
AskedHow much has been spent by HMRC on (a) translation and (b) interpretation in each of the last 10 years.
ReplyHMRC don’t hold all of the data required to provide a full response to the question. However, data is available on spend information from April 2020 up to November 2024: 2020/2021 – a) £0.32m b) £0.50m2021/2022 – a) £0.29m b) £0.53m2022/2023 – a) £0.45m b...
13 Nov 2024·Treasury·Answered
AskedIf she will hold discussions with the Financial Conduct Authority on the potential merits of launching a money laundering investigation into high street barber shops.
ReplyMoney laundering through cash-based high street businesses is a known issue that government continues to focus on. While businesses such as barber shops are not regulated by the Financial Conduct Authority (FCA), they interact with regulated businesses, s...
11 Nov 2024·Treasury·Answered
AskedIf she will make an assessment of the reasons for which GDP per capita has fallen since 2022.
ReplyThe UK economy has flatlined in recent years and GDP per capita remains lower than pre-pandemic levels. Consistently low productivity (GDP per hour) growth since 2010 has been the key driver behind the UK’s weaker economic performance over that period. Th...
4 Nov 2024·Treasury·Answered
AskedWhat information her Department holds on the number and proportion of businesses that do not accept cash; and if she will make an assessment of the potential merits of taking steps to require all businesses to acce
ReplyThe Government recognises the vital role cash plays as means of payment for essential goods and services and to the wider economy, and welcomes the recent announcement of the Treasury Select Committee’s inquiry into cash acceptance.There is no legal requi...
30 Oct 2024·Treasury·Answered
AskedWith reference to paragraph 2.40 of the Autumn Budget 2024, HC 295, published on 30 October 2024, if she will make an assessment of the potential impact of the planned rise in employer's national insurance contribut
ReplyRaising the revenue required to fix the public finances and restore economic stability requires difficult decisions on tax, which is why we are asking employers to contribute more. The government will protect the smallest businesses by increasing the Empl...
30 Oct 2024·Treasury·Answered
AskedWhat the office budget will be for the Covid Counter-Fraud Commissioner.
ReplyThe Commissioner will be supported by a team of experts from HM Treasury, the Public Sector Fraud Authority, the Government Commercial Function, the Government Debt Management Function and the Department of Health and Social Care.
30 Oct 2024·Treasury·Answered
AskedWhat the budget will be for the Office for Value for Money; and how many staff it will have.
ReplyThe Office for Value for Money is a time-limited, multidisciplinary team of up to 20 civil servants based in HM Treasury and led by David Goldstone, the independent Chair. Its costs in 2024-25 and 2025-26 will be funded from HM Treasury's RDEL settlements...
30 Oct 2024·Treasury·Answered
AskedWith reference to paragraph 5.54 of Autumn Budget 2024, HC 295, published on 30 October 2024, whether her Department has carried out an impact assessment on the proposed changes to agricultural property relief.
ReplyThe Government has published information about the reforms to agricultural property relief at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief#:~:text=From%206%20April%202026%2C%20the,rather%20than%20the%20standard%2...
29 Oct 2024·Treasury·Answered
AskedHow much was paid to the EU in each year since 2021.
ReplyThe UK continues to make payments to the EU in relation to the liabilities arising from the period of the UK’s membership under the legally binding Withdrawal Agreement. Between the UK’s departure from the EU on 30th January 2020 and the end of 2023, such...
29 Oct 2024·Treasury·Answered
AskedHow many staff in their Departmental work outside of the UK; where these staff work; and what the cost is of salaries for these staff.
Replya) Total number of HM Treasury employees working overseas as at 30th October 2024. 51 b) Where these staff work. Australian TreasuryBritish Embassy, U.A.E.Canadian Finance MinistryFCDOGerman Finance MinistryInternational Monetary Fund, U.S.International T...
25 Oct 2024·Treasury·Answered
AskedWhether her Department has made an assessment of the potential impact of quantitative easing on inflation.
ReplyThe Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary...
24 Oct 2024·Treasury·Answered
AskedWhat the (a) average waiting time for people calling and (b) time people spent on hold for HMRC was in each of the last five years.
ReplyHMRC telephony performance data, including the average speed of answering a customer’s call, is published on a quarterly basis and can be accessed at: https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates The definition of ‘average ...
15 Oct 2024·Treasury·Answered
AskedWhat steps she plans to take to support military families who rely on fee-paying boarding schools for their children.
ReplyThe Government is committed to breaking down barriers to opportunity, ensuring every child has access to high-quality education. We have made the decision to end tax breaks for private schools, to raise revenue for essential public services, including inv...
15 Oct 2024·Treasury·Answered
AskedIf she will make an estimate of the cost to the public purse of legal fees relating to the introduction of VAT on independent school fees.
ReplyFollowing scrutiny of the Government’s costing by the independent Office for Budget Responsibility, the Government will confirm its approach to these reforms at the Budget on 30 October, and set out its assessment of relevant expected impacts of this poli...
15 Oct 2024·Treasury·Answered
AskedWhether her Department has carried out a cost-benefit analysis of removing non-domiciled tax status.
ReplyThe Government is committed to addressing unfairness in the tax system, so that everyone who makes their home in the UK pays their taxes here. The Government will therefore remove the outdated concept of domicile status from the tax system and implement a...
10 Sept 2024·Treasury·Answered
AskedHow many positions in her Department included (a) diversity, (b) inclusion, (c) equity and (d) equality in their job title in each of the last five years; and what the total cost of the salaries of each such job was
ReplyThere are currently 3 members of HM Treasury staff who have (a) diversity, (b) inclusion, (c) equity or (d) equality in their job title. We do not hold this information for previous years.As the total number of individuals is less than 5, HM Treasury is u...