HM Treasury
HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.
Shadow Ministers / Spokeperson
Liberal Democrat
Baroness Kramer (LD - Life peer)Liberal Democrat Lords Spokesperson (Treasury and Economy)
Daisy Cooper (LD - St Albans)
Liberal Democrat Spokesperson (Treasury)
Charlie Maynard (LD - Witney)
Liberal Democrat Spokesperson (Chief Secretary to the Treasury)
Green Party
Ellie Chowns (Green - North Herefordshire)Green Spokesperson (Treasury)
Conservative
Andrew Griffith (Con - Arundel and South Downs)Shadow Chancellor of the Exchequer
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Richard Fuller (Con - North Bedfordshire)Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Lord Altrincham (Con - Life peer)
Shadow Minister (Treasury)
Gareth Davies (Con - Grantham and Bourne)
Shadow Financial Secretary (Treasury)
Peter Bedford (Con - Mid Leicestershire)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Mark Garnier (Con - Wyre Forest)Shadow Economic Secretary (Treasury)
John Cooper (Con - Dumfries and Galloway)
Shadow Exchequer Secretary (Treasury)
Ministers of State
Emma Reynolds (Lab - Wycombe)Chief Secretary to the Treasury
James Murray (LAB - Ealing North)
Financial Secretary to the Treasury and Paymaster General
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)Parliamentary Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
Lord Pitt-Watson (Lab - Life peer)
Parliamentary Secretary (HM Treasury)
05:44
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …
To ask the Chancellor of the Exchequer, what consideration he has given to establishing UK-wide capital funds and low-interest public …
These Regulations add to the list of “relevant enactments” for the purposes of sections 13 to 17 of the Financial …
A Bill to Specify the amount of the Sovereign Grant for the financial year 2027-28 and the percentage of the …
17:22
News and Communications
HM Treasury Commons Appearances
Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs
Other Commons Chamber appearances can be:- Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
- Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
- Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.
Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue
Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.
Bills currently before Parliament
HM Treasury does not have Bills currently before Parliament
Acts of Parliament created in the 2024 Parliament
A Bill to authorise the use of resources for the year ending with 31 March 2027; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2026.
This Bill received Royal Assent on 15th July 2026 and was enacted into law.
A Bill to Increase the rate of electricity generator levy and mileage amounts relating to income tax and to provide for temporary rates of vehicle excise duty for goods vehicles.
This Bill received Royal Assent on 15th July 2026 and was enacted into law.
A Bill to Make provision to amend section 4 of the Social Security Contributions and Benefits Act 1992, and section 4 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, so that amounts of salary sacrificed for employer pensions contributions pursuant to optional remuneration arrangements are liable to national insurance contributions.
This Bill received Royal Assent on 29th April 2026 and was enacted into law.
A Bill to make provision in connection with finance.
This Bill received Royal Assent on 18th March 2026 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and 31 March 2027; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2025 and 31 March 2026.
This Bill received Royal Assent on 18th March 2026 and was enacted into law.
A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.
This Bill received Royal Assent on 21st July 2025 and was enacted into law.
A Bill to make provision about secondary Class 1 contributions.
This Bill received Royal Assent on 3rd April 2025 and was enacted into law.
A Bill to make provision about finance.
This Bill received Royal Assent on 20th March 2025 and was enacted into law.
A Bill to amend the Crown Estate Act 1961.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.
This Bill received Royal Assent on 16th January 2025 and was enacted into law.
A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.
This Bill received Royal Assent on 10th September 2024 and was enacted into law.
A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.
This Bill received Royal Assent on 30th July 2024 and was enacted into law.
HM Treasury - Secondary Legislation
Petitions
e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.
If an e-petition reaches 10,000 signatures the Government will issue a written response.
If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).
(1,060 in the last 7 days)
(520 in the last 7 days)
(120 in the last 7 days)
(109 in the last 7 days)
(55 in the last 7 days)
(48 in the last 7 days)
(520 in the last 7 days)
(13 in the last 7 days)
(55 in the last 7 days)
(1,060 in the last 7 days)
Petition Closed
Raise the income tax personal allowance from £12,570 to £20,000
Gov Responded - 20 Feb 2025 Debated on - 12 May 2025closed 1 year, 3 months ago
Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.
Petition Closed
Don't change inheritance tax relief for working farms
Gov Responded - 5 Dec 2024 Debated on - 10 Feb 2025closed 1 year, 5 months ago
We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.
Petition Closed
Introduce new tax code for state pensioners with double the personal allowance
Gov Responded - 9 Dec 2025closed 6 months, 1 week ago
We want the government to introduce a new tax code for state pensioners, set at double the basic threshold. If this was implemented, pensioners would receive a higher tax-exempt limit, but wealthier pensioners would still pay tax.
Departmental Select Committee
Treasury Committee
Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.
At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.
Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.
11 Members of the Treasury Committee
Treasury Committee Member since 9th September 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 28th October 2024
Treasury Committee Member since 28th October 2024
Treasury Committee Member since 9th December 2024
Treasury Committee Member since 27th October 2025
Treasury Committee Member since 27th October 2025
Treasury Committee Member since 22nd June 2026
Treasury Committee: Upcoming Events
Budget 2026
14 Oct 2026, 2 p.m.
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Treasury Committee - Oral evidence
Budget 2026
20 Oct 2026, 9:30 a.m.
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Treasury Committee: 14 Current Inquiries
Treasury Committee: Previous Inquiries
50 most recent Written Questions
(View all written questions)Information on regional disparities in public expenditure per head can be found in the HM Treasury Country and Regional Analysis published in November 2025.
Chief Secretary to the Treasury
The Exceptional Regional Growth Fund (eRGF) functions not as a standalone fund, but as a flexible ministerial mechanism to secure critical investments or mitigate economic shocks. Recent and ongoing interventions managed via this mechanism include part of the HMG funding to the Universal Studios project in Bedford.
The Exceptional Regional Growth fund was originally an element of the main Regional Growth Fund scheme, which closed in 2015/16. When the main scheme closed, Ministers chose to retain the eRGF element.
As such, funding is not explicitly set aside for the eRGF at the 2025 Spending Review; instead funding is drawn from agreed departmental settlements and allocated via the eRGF.
Chief Secretary to the Treasury
The Crown Estate's revenue account profits are returned to the UK Consolidated Fund and support public services across the United Kingdom, including in Wales. Any transfer of Crown Estate revenues to the Welsh Consolidated Fund would need to be considered alongside the Welsh Government's wider funding arrangements, including the operation of the fiscal framework and any associated block grant adjustment, to avoid a double benefit.
Chief Secretary to the Treasury
The Government recognises the important role that creative and community spaces play in towns and cities across the country.
Over the course of this parliament, £1.5 billion will be invested to support arts venues, museums, libraries and heritage buildings across England. It aims to keep venues open, finance urgent repairs and infrastructure projects, bolster long-term resilience, and widen access to arts and culture in communities that have faced under-investment.
The Government is also committed to communities and wants to ensure that they have the tools they need to protect local assets. Our Pride in Place programme is providing up to £5.8bn over 10 years to support 284 places. From saving youth centres and repairing playgrounds, to bringing empty buildings back into community use and expanding affordable after school activities – the Pride in Place programme has been designed to deliver improvements that matter to residents.
More widely, support for culture and the creative industries is a devolved matter. Responsibility for supporting cultural institutions and community spaces in Scotland, Wales and Northern Ireland therefore rests with the respective devolved government.
Chief Secretary to the Treasury
The number of families who have a Tax-Free Childcare account that has been used to make a payment to a childcare provider each year is available in the publication linked below (Table 1):
https://www.gov.uk/government/collections/tax-free-childcare-quarterly-statistics
Income information from HMRC systems is used to assess whether an applicant meets the eligibility criteria at the point of application and subsequent reconfirmations. HMRC does not store income figures from these checks.
Chief Secretary to the Treasury
VAT is the UK’s third largest tax, forecast to raise £189 billion in 2026/27. The UK’s VAT system applies UK-wide.
Tax breaks reduce the revenue available for vital public services and must represent value for money for the taxpayer. Exceptions to the standard rate are limited and must be balanced against their impact on the public finances.
Financial Secretary to the Treasury and Paymaster General
The 10 Year Infrastructure Strategy sets out the Government's long-term approach to economic, housing and social infrastructure, aligning planning and delivery to support it.
HM Treasury does not comment on speculation ahead of Budget. Decisions on tax and spending will be announced by the Chancellor in the usual way at fiscal events.
Chief Secretary to the Treasury
Heavy rail is reserved to the UK Government. Accordingly, the UK Government has not made an estimate of the consequential funding the Welsh Government would receive if HS2, East-West Rail and Northern Powerhouse Rail projects were classified as England–only.
Chief Secretary to the Treasury
The UK Government agreed to provide funding to support the public sector with the additional costs associated with changes to employer National Insurance Contributions policy.
The Welsh Government received funding through the Barnett formula for additional support provided to UK Government departments in 2025-26 as a result of this policy change.
It is for the Welsh Government to estimate its own pressures and determine how to allocate its funding across devolved public services.
Chief Secretary to the Treasury
The UK Government agreed to provide funding to support the public sector with the additional costs associated with changes to employer National Insurance Contributions policy.
The Welsh Government received funding through the Barnett formula for additional support provided to UK Government departments in 2025-26 as a result of this policy change.
It is for the Welsh Government to estimate its own pressures and determine how to allocate its funding across devolved public services.
Chief Secretary to the Treasury
To support households with the cost of living, the Government has removed VAT from electricity bills from 1 October 2026.
The new zero VAT rate for domestic electricity will apply to the same supplies as the existing reduced rate. Anyone, including park home site owners, who is currently eligible for the reduced rate will benefit from the new zero rate from 1 October. HMRC’s existing guidance explains which supplies of electricity will qualify for relief.
For further information, please see VAT Notice 701/19
Financial Secretary to the Treasury and Paymaster General
HMRC spent £5.5 million in 2024-25 and £15.2 million in 2025-26 on activities that were subject to the Government Communication Service's Advertising, Marketing and Communications (AMC) spending controls process. The additional investment in 2025-26 has been used to help increase the use of digital services and to help taxpayers prepare for the introduction of Making Tax Digital for Income Tax.
The Valuation Office Agency did not have any communications, marketing or advertising activity that was subject to the AMC spending controls process during this period.
Financial Secretary to the Treasury and Paymaster General
Successive Governments have taken the view that the three-year limit on SDLT refund claims when replacing a main residence should apply consistently to armed forces personnel and other employment.
The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.
Financial Secretary to the Treasury and Paymaster General
The provision of business rates relief will be subject to a formal subsidy control assessment. The actual level of relief will be subject to the actual rates and liabilities incurred by the development and certain criteria being achieved. The level of total relief will be capped to protect the value for money this investment offers to the taxpayer.
Financial Secretary to the Treasury and Paymaster General
Following the Valuation Office integration into HMRC, MPs can call the established HMRC MP helpline with any urgent enquiries, which can be passed to the relevant VO team as appropriate. The established arrangements for handling VO related enquiries from Members of Parliament through a dedicated correspondence mailbox remain in place. This dedicated mailbox is monitored throughout working hours to support MP casework and other enquiries.
Financial Secretary to the Treasury and Paymaster General
From 25 June to 1 September the Government introduced a temporary reduced rate of VAT on eligible family days out, known as Great British Summer Savings.
The temporary reduced rate is estimated to have cost about £300m. All costings will be subject to certification by the OBR at the next Budget in the usual way.
The Government has published a Tax Information and Impact Note concerning the temporary reduced rate, which can be found here: https://www.gov.uk/government/publications/temporary-reduced-rate-of-vat-for-childrens-meals-tickets-and-family-attractions
The reduced rate of VAT under the Great British Summer Savings Scheme applies to all supplies within its scope. HM Treasury and HMRC do not hold information on the number of businesses making such supplies. This is because businesses are not required to provide information at a product level in their VAT returns, as this would impose an excessive administrative burden.
Financial Secretary to the Treasury and Paymaster General
HMRC recognises around 1,200 tax reliefs. Of these, 340 are non-structural and the remaining are structural.
The most recent HMRC statistical publication covering costings and usage of structural and non-structural reliefs, where available, is the annual Tax Relief Statistics publication. The latest publication was released on 22 January 2026, and can be found here: https://www.gov.uk/government/statistics/tax-reliefs
Financial Secretary to the Treasury and Paymaster General
HMRC recognises around 1,200 tax reliefs. Of these, 340 are non-structural and the remaining are structural.
The most recent HMRC statistical publication covering costings and usage of structural and non-structural reliefs, where available, is the annual Tax Relief Statistics publication. The latest publication was released on 22 January 2026, and can be found here: https://www.gov.uk/government/statistics/tax-reliefs
Financial Secretary to the Treasury and Paymaster General
The approximate number of charities that were issued a notice to file a Corporation Tax return in each of the five tax years to 2024/25 is:
Tax Year | Charities issued a notice to file (rounded to the nearest 50) |
2020/21 | 16,700 |
2021/22 | 18,000 |
2022/23 | 17,550 |
2023/24 | 18,800 |
2024/25 | 20,100 |
The approximate number of companies identified as charities that had late-filing penalties charged in each of the five tax years to 2024/25 is:
Tax Year | Charities with penalties charged (rounded to the nearest 50) |
|
2020/21 | 1,300 |
|
2021/22 | 1,550 |
|
2022/23 | 1,600 |
|
2023/24 | 2,250 |
|
2024/25 | 3,450 |
|
The number of charities that had a Corporation Tax liability in each of the five tax years to 2024/25 is:
Tax Year | Charities with Corporation Tax liability (rounded to the nearest 50) |
2020/21 | 350 |
2021/22 | 300 |
2022/23 | 300 |
2023/24 | 300 |
2024/25 | 300 |
HMRC keeps Corporation Tax administration for charities under review.
Financial Secretary to the Treasury and Paymaster General
The approximate number of charities that were issued a notice to file a Corporation Tax return in each of the five tax years to 2024/25 is:
Tax Year | Charities issued a notice to file (rounded to the nearest 50) |
2020/21 | 16,700 |
2021/22 | 18,000 |
2022/23 | 17,550 |
2023/24 | 18,800 |
2024/25 | 20,100 |
The approximate number of companies identified as charities that had late-filing penalties charged in each of the five tax years to 2024/25 is:
Tax Year | Charities with penalties charged (rounded to the nearest 50) |
|
2020/21 | 1,300 |
|
2021/22 | 1,550 |
|
2022/23 | 1,600 |
|
2023/24 | 2,250 |
|
2024/25 | 3,450 |
|
The number of charities that had a Corporation Tax liability in each of the five tax years to 2024/25 is:
Tax Year | Charities with Corporation Tax liability (rounded to the nearest 50) |
2020/21 | 350 |
2021/22 | 300 |
2022/23 | 300 |
2023/24 | 300 |
2024/25 | 300 |
HMRC keeps Corporation Tax administration for charities under review.
Financial Secretary to the Treasury and Paymaster General
The approximate number of charities that were issued a notice to file a Corporation Tax return in each of the five tax years to 2024/25 is:
Tax Year | Charities issued a notice to file (rounded to the nearest 50) |
2020/21 | 16,700 |
2021/22 | 18,000 |
2022/23 | 17,550 |
2023/24 | 18,800 |
2024/25 | 20,100 |
The approximate number of companies identified as charities that had late-filing penalties charged in each of the five tax years to 2024/25 is:
Tax Year | Charities with penalties charged (rounded to the nearest 50) |
|
2020/21 | 1,300 |
|
2021/22 | 1,550 |
|
2022/23 | 1,600 |
|
2023/24 | 2,250 |
|
2024/25 | 3,450 |
|
The number of charities that had a Corporation Tax liability in each of the five tax years to 2024/25 is:
Tax Year | Charities with Corporation Tax liability (rounded to the nearest 50) |
2020/21 | 350 |
2021/22 | 300 |
2022/23 | 300 |
2023/24 | 300 |
2024/25 | 300 |
HMRC keeps Corporation Tax administration for charities under review.
Financial Secretary to the Treasury and Paymaster General
The approximate number of charities that were issued a notice to file a Corporation Tax return in each of the five tax years to 2024/25 is:
Tax Year | Charities issued a notice to file (rounded to the nearest 50) |
2020/21 | 16,700 |
2021/22 | 18,000 |
2022/23 | 17,550 |
2023/24 | 18,800 |
2024/25 | 20,100 |
The approximate number of companies identified as charities that had late-filing penalties charged in each of the five tax years to 2024/25 is:
Tax Year | Charities with penalties charged (rounded to the nearest 50) |
|
2020/21 | 1,300 |
|
2021/22 | 1,550 |
|
2022/23 | 1,600 |
|
2023/24 | 2,250 |
|
2024/25 | 3,450 |
|
The number of charities that had a Corporation Tax liability in each of the five tax years to 2024/25 is:
Tax Year | Charities with Corporation Tax liability (rounded to the nearest 50) |
2020/21 | 350 |
2021/22 | 300 |
2022/23 | 300 |
2023/24 | 300 |
2024/25 | 300 |
HMRC keeps Corporation Tax administration for charities under review.
Financial Secretary to the Treasury and Paymaster General
The UK Government has committed to provide the Northern Ireland Executive with funding to deliver support comparable to the Exchequer funding available as part of delivering the British Industrial Competitiveness Scheme.
The funding will be confirmed at Budget in the usual way.
Decisions on the design and delivery of any comparable scheme in Northern Ireland are a matter for the Northern Ireland Executive.
Chief Secretary to the Treasury
I refer the Hon Member to the answer provided on on 5 January 2026 in response to Question HL13130.
The terms of reference for these reviews were published on gov.uk in January 2026.
Chief Secretary to the Treasury
The Chancellor of the Exchequer has not held discussions with the Bank of England regarding the design of banknotes
As set out in the Memorandum of Understanding between HM Treasury and the Bank of England, the Bank of England is entirely responsible for the design, production, issue and distribution of the banknotes it issues.
Economic Secretary (HM Treasury)
The concept of added value does not appear in the Regulated Activities Order. It is used in the Financial Conduct Authority’s (FCA) perimeter guidance to clarify its interpretation of the regulatory perimeter.
The FCA is the independent regulator responsible for implementing the UK’s financial services regulations including by issuing perimeter guidance.
Economic Secretary (HM Treasury)
Tackling economic abuse is a priority for this Government which is why it is included as a theme of the Financial Inclusion Strategy. The Strategy commits to interventions which will support victim-survivors regain financial independence by improving access to bank accounts, addressing the impact of coerced debt on credit files, and creating guidance for the insurance sector to improve support for victim-survivors.
Across these interventions, the Government is working closely with expert consumer representatives, the regulator, and industry to ensure successful delivery. As Economic Secretary, I also chair the Financial Inclusion Committee – a forum of consumer and industry representatives which was established to support the Strategy’s development and oversee its implementation. The Strategy will be reviewed two years on from publication to provide a comprehensive update on progress.
Economic Secretary (HM Treasury)
Yes. The Government accepted the recommendation from the Office for Value for Money, to publish bespoke efficiency targets and plans biennially, embedding a culture of continuous improvement backed up by greater confidence in delivery. Previous Departmental Efficiency Plans and targets were published on Gov.uk at Spending Review 2025.
Chief Secretary to the Treasury
Gregory Campbell
(Democratic Unionist Party - East Londonderry)
The NWF Strategic Plan 2026 sets out the National Wealth Fund (NWF)’s ambition to accelerate place-based investment across all four nations of the UK
While the NWF has no record of the UKRI/Innovate UK event for local businesses held in Londonderry on 20 May 2026, it continues to support growth and investment opportunities across Northern Ireland
Through its backing of Fibrus, the NWF has helped connect approximately 315,000 homes in Northern Ireland to fast fibre broadband, improving connectivity for households and businesses and supporting long-term economic growth across the region.
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
The Government is committed to maintaining a proportionate sustainable finance framework that supports market integrity and economic growth.
Decisions to provide banking services to individual businesses, including through sustainability-linked lending, are commercial decisions for providers. Firms have strict obligations to ensure the legitimacy of a business and protect against financial crime. The Government is committed to regulating business banking only where there is a clear case for doing so, in order to avoid higher costs for lenders that would ultimately flow through to businesses.
The Government is strengthening its approach to tackling deforestation in UK supply chains and announced in June 2026 that it intends to bring forward new regulations in this area. The Government will then review the regulatory framework for tackling deforestation-linked finance within nine months of those regulations being made.
Economic Secretary (HM Treasury)
The Government is committed to maintaining a proportionate sustainable finance framework that supports market integrity and economic growth.
Decisions to provide banking services to individual businesses, including through sustainability-linked lending, are commercial decisions for providers. Firms have strict obligations to ensure the legitimacy of a business and protect against financial crime. The Government is committed to regulating business banking only where there is a clear case for doing so, in order to avoid higher costs for lenders that would ultimately flow through to businesses.
The Government is strengthening its approach to tackling deforestation in UK supply chains and announced in June 2026 that it intends to bring forward new regulations in this area. The Government will then review the regulatory framework for tackling deforestation-linked finance within nine months of those regulations being made.
Economic Secretary (HM Treasury)
The Government is committed to maintaining a proportionate sustainable finance framework that supports market integrity and economic growth.
Decisions to provide banking services to individual businesses, including through sustainability-linked lending, are commercial decisions for providers. Firms have strict obligations to ensure the legitimacy of a business and protect against financial crime. The Government is committed to regulating business banking only where there is a clear case for doing so, in order to avoid higher costs for lenders that would ultimately flow through to businesses.
The Government is strengthening its approach to tackling deforestation in UK supply chains and announced in June 2026 that it intends to bring forward new regulations in this area. The Government will then review the regulatory framework for tackling deforestation-linked finance within nine months of those regulations being made.
Economic Secretary (HM Treasury)
No payments are due under the terms of the UK agreement until the Treaty has been ratified.
Chief Secretary to the Treasury
Raising investment is critical to raising living standards, as Oxford Economics’ report lays out. That is why increasing investment is central to the Government’s approach to growth, as outlined by the Chancellor on 7 September. The government is taking action to mobilise public and private capital – including through its Public Financial Institutions, such as the National Wealth Fund and British Business Bank, which are attracting more private investment into growth-enhancing projects. Investment has grown strongly since the start of this parliament, rising by 6.9%, driven by robust government and business investment.
This stronger growth is already benefiting households. Real household disposable income has increased by 1.1% since the start of this Parliament, after falling by 2.3% in the previous Parliament. This has left the average person's real disposable income around £600 higher in the past year than the final year of the previous Parliament.
Parliamentary Secretary (HM Treasury)
The HMRC-commissioned consumer survey did not provide information on how many people with an incomplete National Insurance (NI) record have never checked their State Pension forecast, nor how many could increase their State Pension entitlement by making voluntary NI contributions. HMRC has also not produced an estimate of these figures.
NI contributions and credits can be built up throughout a person’s working life. Their State Pension entitlement will therefore depend on their contribution history, credited years and any future qualifying years they may accrue before reaching State Pension age. HMRC cannot forecast an individual’s future income or NI contributions to determine whether they could increase their State Pension by making voluntary contributions.
HMRC holds information on customers who made voluntary NI contributions online after checking their State Pension forecast online.
Financial year | Unique customers who checked their State Pension forecast online | Unique customers with payable gaps | Unique customers who paid gaps |
2024/25 | 8,036,829 | 111,689 | 75,173 |
2025/26 | 6,907,501 | 50,346 | 34,521 |
2026/27 (1 April 2026 to 30 July 2026) | 3,018,295 | 8,337 | 5,627 |
(Based on operational management information, which is subject to change).
These figures relate only to customers who paid voluntary NI contributions online after checking their forecast through the online Check your State Pension forecast service. They do not include customers who checked their forecast and then paid outside the service, or customers who obtained a forecast through DWP and then paid outside the online service.
HMRC encourages customers who are able to do so to check their State Pension forecast online or through the HMRC app. It recognises that digital services are not suitable for everyone, and customers who cannot use the online service can contact the DWP Future Pension Centre to request a forecast.
A letter is sent to customers when they are nearing State Pension age which informs them how to get their State Pension, that they can view their State Pension forecast and make top-up payments where it is appropriate for them to do so. The intent is always to provide customers with the information they need to make informed choices. In addition, since 2025, DWP has been writing to people with a State Pension age of 67 and this letter also encourages people to check their State Pension forecast. Government keeps its communications with customers under review.Parliamentary Secretary (HM Treasury)
The HMRC-commissioned consumer survey did not provide information on how many people with an incomplete National Insurance (NI) record have never checked their State Pension forecast, nor how many could increase their State Pension entitlement by making voluntary NI contributions. HMRC has also not produced an estimate of these figures.
NI contributions and credits can be built up throughout a person’s working life. Their State Pension entitlement will therefore depend on their contribution history, credited years and any future qualifying years they may accrue before reaching State Pension age. HMRC cannot forecast an individual’s future income or NI contributions to determine whether they could increase their State Pension by making voluntary contributions.
HMRC holds information on customers who made voluntary NI contributions online after checking their State Pension forecast online.
Financial year | Unique customers who checked their State Pension forecast online | Unique customers with payable gaps | Unique customers who paid gaps |
2024/25 | 8,036,829 | 111,689 | 75,173 |
2025/26 | 6,907,501 | 50,346 | 34,521 |
2026/27 (1 April 2026 to 30 July 2026) | 3,018,295 | 8,337 | 5,627 |
(Based on operational management information, which is subject to change).
These figures relate only to customers who paid voluntary NI contributions online after checking their forecast through the online Check your State Pension forecast service. They do not include customers who checked their forecast and then paid outside the service, or customers who obtained a forecast through DWP and then paid outside the online service.
HMRC encourages customers who are able to do so to check their State Pension forecast online or through the HMRC app. It recognises that digital services are not suitable for everyone, and customers who cannot use the online service can contact the DWP Future Pension Centre to request a forecast.
A letter is sent to customers when they are nearing State Pension age which informs them how to get their State Pension, that they can view their State Pension forecast and make top-up payments where it is appropriate for them to do so. The intent is always to provide customers with the information they need to make informed choices. In addition, since 2025, DWP has been writing to people with a State Pension age of 67 and this letter also encourages people to check their State Pension forecast. Government keeps its communications with customers under review.Parliamentary Secretary (HM Treasury)
The HMRC-commissioned consumer survey did not provide information on how many people with an incomplete National Insurance (NI) record have never checked their State Pension forecast, nor how many could increase their State Pension entitlement by making voluntary NI contributions. HMRC has also not produced an estimate of these figures.
NI contributions and credits can be built up throughout a person’s working life. Their State Pension entitlement will therefore depend on their contribution history, credited years and any future qualifying years they may accrue before reaching State Pension age. HMRC cannot forecast an individual’s future income or NI contributions to determine whether they could increase their State Pension by making voluntary contributions.
HMRC holds information on customers who made voluntary NI contributions online after checking their State Pension forecast online.
Financial year | Unique customers who checked their State Pension forecast online | Unique customers with payable gaps | Unique customers who paid gaps |
2024/25 | 8,036,829 | 111,689 | 75,173 |
2025/26 | 6,907,501 | 50,346 | 34,521 |
2026/27 (1 April 2026 to 30 July 2026) | 3,018,295 | 8,337 | 5,627 |
(Based on operational management information, which is subject to change).
These figures relate only to customers who paid voluntary NI contributions online after checking their forecast through the online Check your State Pension forecast service. They do not include customers who checked their forecast and then paid outside the service, or customers who obtained a forecast through DWP and then paid outside the online service.
HMRC encourages customers who are able to do so to check their State Pension forecast online or through the HMRC app. It recognises that digital services are not suitable for everyone, and customers who cannot use the online service can contact the DWP Future Pension Centre to request a forecast.
A letter is sent to customers when they are nearing State Pension age which informs them how to get their State Pension, that they can view their State Pension forecast and make top-up payments where it is appropriate for them to do so. The intent is always to provide customers with the information they need to make informed choices. In addition, since 2025, DWP has been writing to people with a State Pension age of 67 and this letter also encourages people to check their State Pension forecast. Government keeps its communications with customers under review.Parliamentary Secretary (HM Treasury)
The HMRC-commissioned consumer survey did not provide information on how many people with an incomplete National Insurance (NI) record have never checked their State Pension forecast, nor how many could increase their State Pension entitlement by making voluntary NI contributions. HMRC has also not produced an estimate of these figures.
NI contributions and credits can be built up throughout a person’s working life. Their State Pension entitlement will therefore depend on their contribution history, credited years and any future qualifying years they may accrue before reaching State Pension age. HMRC cannot forecast an individual’s future income or NI contributions to determine whether they could increase their State Pension by making voluntary contributions.
HMRC holds information on customers who made voluntary NI contributions online after checking their State Pension forecast online.
Financial year | Unique customers who checked their State Pension forecast online | Unique customers with payable gaps | Unique customers who paid gaps |
2024/25 | 8,036,829 | 111,689 | 75,173 |
2025/26 | 6,907,501 | 50,346 | 34,521 |
2026/27 (1 April 2026 to 30 July 2026) | 3,018,295 | 8,337 | 5,627 |
(Based on operational management information, which is subject to change).
These figures relate only to customers who paid voluntary NI contributions online after checking their forecast through the online Check your State Pension forecast service. They do not include customers who checked their forecast and then paid outside the service, or customers who obtained a forecast through DWP and then paid outside the online service.
HMRC encourages customers who are able to do so to check their State Pension forecast online or through the HMRC app. It recognises that digital services are not suitable for everyone, and customers who cannot use the online service can contact the DWP Future Pension Centre to request a forecast.
A letter is sent to customers when they are nearing State Pension age which informs them how to get their State Pension, that they can view their State Pension forecast and make top-up payments where it is appropriate for them to do so. The intent is always to provide customers with the information they need to make informed choices. In addition, since 2025, DWP has been writing to people with a State Pension age of 67 and this letter also encourages people to check their State Pension forecast. Government keeps its communications with customers under review.Parliamentary Secretary (HM Treasury)
The HMRC-commissioned consumer survey did not provide information on how many people with an incomplete National Insurance (NI) record have never checked their State Pension forecast, nor how many could increase their State Pension entitlement by making voluntary NI contributions. HMRC has also not produced an estimate of these figures.
NI contributions and credits can be built up throughout a person’s working life. Their State Pension entitlement will therefore depend on their contribution history, credited years and any future qualifying years they may accrue before reaching State Pension age. HMRC cannot forecast an individual’s future income or NI contributions to determine whether they could increase their State Pension by making voluntary contributions.
HMRC holds information on customers who made voluntary NI contributions online after checking their State Pension forecast online.
Financial year | Unique customers who checked their State Pension forecast online | Unique customers with payable gaps | Unique customers who paid gaps |
2024/25 | 8,036,829 | 111,689 | 75,173 |
2025/26 | 6,907,501 | 50,346 | 34,521 |
2026/27 (1 April 2026 to 30 July 2026) | 3,018,295 | 8,337 | 5,627 |
(Based on operational management information, which is subject to change).
These figures relate only to customers who paid voluntary NI contributions online after checking their forecast through the online Check your State Pension forecast service. They do not include customers who checked their forecast and then paid outside the service, or customers who obtained a forecast through DWP and then paid outside the online service.
HMRC encourages customers who are able to do so to check their State Pension forecast online or through the HMRC app. It recognises that digital services are not suitable for everyone, and customers who cannot use the online service can contact the DWP Future Pension Centre to request a forecast.
A letter is sent to customers when they are nearing State Pension age which informs them how to get their State Pension, that they can view their State Pension forecast and make top-up payments where it is appropriate for them to do so. The intent is always to provide customers with the information they need to make informed choices. In addition, since 2025, DWP has been writing to people with a State Pension age of 67 and this letter also encourages people to check their State Pension forecast. Government keeps its communications with customers under review.Parliamentary Secretary (HM Treasury)
This property is subject to escheat, meaning it is effectively ownerless. The only action that the Crown Estate may take in relation to such property is to dispose of it to an appropriate person or body
The Crown Estate remains in correspondence with Stoke-on-Trent City Council with a view to a future disposal of the property.
Chief Secretary to the Treasury
The Financial Ombudsman Service (FOS) is an independent, non-government body, and is best placed to respond to this question. The FOS will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.
Economic Secretary (HM Treasury)
Government is reforming the home buying and selling system to cut costs and stop sales falling through. We are delivering a once in a generation set of reforms, bringing benefits to families, property professionals, the housing market and wider economy
On 19 June, we published a roadmap setting out actions government is taking over the course of this Parliament to reform the home buying and selling process. We anticipate the measures included in this roadmap will halve the number of sales that fall through.
These changes will cut homebuying times by around four weeks, saving first-time buyers an average of £650. Overall, first time buyers are set to save a total of more than £200m a year.
Economic Secretary (HM Treasury)
The new Mortgage Guarantee Scheme is designed to support and sustain the availability of low deposit mortgage products for credit-worthy borrowers. 95% loan-to-value mortgage products can be particularly important for first-time buyers who may struggle to raise larger deposits, and the scheme aims to support this segment of the UK mortgage market.
The Scheme launched in July 2025 and will now remain permanently available to lenders. Properties of any value are eligible for the mortgage guarantee, and the scheme is available in all regions of the UK.
Economic Secretary (HM Treasury)
Bank Rate is the reference rate that commercial banks both receive on their reserve holdings and must pay to borrow additional reserves from the Bank of England. Remuneration of reserves at Bank Rate plays a role in the implementation of monetary policy and ensures commercial banks pass on changes in interest rates to household and businesses.
Data on payments to and from HM Treasury to the Asset Purchase Facility (APF) is made publicly available by the Office for National Statistics (ONS) in its monthly Public Sector Finances publication. The data is available in worksheet PSA9B.
Time period | Interest receivable (£ million) | Interest payable (£ million) | Net interest receivable (£ million) | Cash transfers to HM Treasury total (£ million) | Cash transfers from HM Treasury total (£ million) |
Dataset identifier code | MDD6 | MDD7 | MDD8 | MT6A | MF7A |
2021-22 | 17,990 | 1,859 | 16,131 | 7,218 | 0 |
2022-23 | 17,003 | 20,567 | -3,564 | 4,164 | 5,010 |
2023-24 | 15,403 | 39,748 | -24,345 | 0 | 44,549 |
2024-25 | 13,753 | 34,045 | -20,291 | 0 | 36,323 |
2025-26 | 11,802 | 23,596 | -11,793 | 0 | 16,660 |
These data refer to reserves backed only by bonds held in the Asset Purchase Facility (APF). A range of financial institutions hold reserve deposit accounts at the Bank of England and data on reserves held by commercial banks specifically is not publicly available. But the Bank of England does publish the aggregate level of outstanding reserves and the Bank Rate. As of 23 September 2026, total outstanding central bank sterling reserves were £642,336m.
The Monetary Policy Committee at the Bank of England are responsible for the conduct of monetary policy, and the separation of fiscal and monetary policy is essential to its effective delivery.
The UK’s approach of indemnifying the APF is in line with best practice as set out in a 2023 IMF working paper, relating to several areas of governance, accountability, and transparency. Other central banks do share both past Quantitative Easing-related profits and future losses with their national treasuries but do so, and account for doing so, in a variety of ways and over different time periods.
Parliamentary Secretary (HM Treasury)
Bank Rate is the reference rate that commercial banks both receive on their reserve holdings and must pay to borrow additional reserves from the Bank of England. Remuneration of reserves at Bank Rate plays a role in the implementation of monetary policy and ensures commercial banks pass on changes in interest rates to household and businesses.
Data on payments to and from HM Treasury to the Asset Purchase Facility (APF) is made publicly available by the Office for National Statistics (ONS) in its monthly Public Sector Finances publication. The data is available in worksheet PSA9B.
Time period | Interest receivable (£ million) | Interest payable (£ million) | Net interest receivable (£ million) | Cash transfers to HM Treasury total (£ million) | Cash transfers from HM Treasury total (£ million) |
Dataset identifier code | MDD6 | MDD7 | MDD8 | MT6A | MF7A |
2021-22 | 17,990 | 1,859 | 16,131 | 7,218 | 0 |
2022-23 | 17,003 | 20,567 | -3,564 | 4,164 | 5,010 |
2023-24 | 15,403 | 39,748 | -24,345 | 0 | 44,549 |
2024-25 | 13,753 | 34,045 | -20,291 | 0 | 36,323 |
2025-26 | 11,802 | 23,596 | -11,793 | 0 | 16,660 |
These data refer to reserves backed only by bonds held in the Asset Purchase Facility (APF). A range of financial institutions hold reserve deposit accounts at the Bank of England and data on reserves held by commercial banks specifically is not publicly available. But the Bank of England does publish the aggregate level of outstanding reserves and the Bank Rate. As of 23 September 2026, total outstanding central bank sterling reserves were £642,336m.
The Monetary Policy Committee at the Bank of England are responsible for the conduct of monetary policy, and the separation of fiscal and monetary policy is essential to its effective delivery.
The UK’s approach of indemnifying the APF is in line with best practice as set out in a 2023 IMF working paper, relating to several areas of governance, accountability, and transparency. Other central banks do share both past Quantitative Easing-related profits and future losses with their national treasuries but do so, and account for doing so, in a variety of ways and over different time periods.
Parliamentary Secretary (HM Treasury)
Bank Rate is the reference rate that commercial banks both receive on their reserve holdings and must pay to borrow additional reserves from the Bank of England. Remuneration of reserves at Bank Rate plays a role in the implementation of monetary policy and ensures commercial banks pass on changes in interest rates to household and businesses.
Data on payments to and from HM Treasury to the Asset Purchase Facility (APF) is made publicly available by the Office for National Statistics (ONS) in its monthly Public Sector Finances publication. The data is available in worksheet PSA9B.
Time period | Interest receivable (£ million) | Interest payable (£ million) | Net interest receivable (£ million) | Cash transfers to HM Treasury total (£ million) | Cash transfers from HM Treasury total (£ million) |
Dataset identifier code | MDD6 | MDD7 | MDD8 | MT6A | MF7A |
2021-22 | 17,990 | 1,859 | 16,131 | 7,218 | 0 |
2022-23 | 17,003 | 20,567 | -3,564 | 4,164 | 5,010 |
2023-24 | 15,403 | 39,748 | -24,345 | 0 | 44,549 |
2024-25 | 13,753 | 34,045 | -20,291 | 0 | 36,323 |
2025-26 | 11,802 | 23,596 | -11,793 | 0 | 16,660 |
These data refer to reserves backed only by bonds held in the Asset Purchase Facility (APF). A range of financial institutions hold reserve deposit accounts at the Bank of England and data on reserves held by commercial banks specifically is not publicly available. But the Bank of England does publish the aggregate level of outstanding reserves and the Bank Rate. As of 23 September 2026, total outstanding central bank sterling reserves were £642,336m.
The Monetary Policy Committee at the Bank of England are responsible for the conduct of monetary policy, and the separation of fiscal and monetary policy is essential to its effective delivery.
The UK’s approach of indemnifying the APF is in line with best practice as set out in a 2023 IMF working paper, relating to several areas of governance, accountability, and transparency. Other central banks do share both past Quantitative Easing-related profits and future losses with their national treasuries but do so, and account for doing so, in a variety of ways and over different time periods.
Parliamentary Secretary (HM Treasury)
Bank Rate is the reference rate that commercial banks both receive on their reserve holdings and must pay to borrow additional reserves from the Bank of England. Remuneration of reserves at Bank Rate plays a role in the implementation of monetary policy and ensures commercial banks pass on changes in interest rates to household and businesses.
Data on payments to and from HM Treasury to the Asset Purchase Facility (APF) is made publicly available by the Office for National Statistics (ONS) in its monthly Public Sector Finances publication. The data is available in worksheet PSA9B.
Time period | Interest receivable (£ million) | Interest payable (£ million) | Net interest receivable (£ million) | Cash transfers to HM Treasury total (£ million) | Cash transfers from HM Treasury total (£ million) |
Dataset identifier code | MDD6 | MDD7 | MDD8 | MT6A | MF7A |
2021-22 | 17,990 | 1,859 | 16,131 | 7,218 | 0 |
2022-23 | 17,003 | 20,567 | -3,564 | 4,164 | 5,010 |
2023-24 | 15,403 | 39,748 | -24,345 | 0 | 44,549 |
2024-25 | 13,753 | 34,045 | -20,291 | 0 | 36,323 |
2025-26 | 11,802 | 23,596 | -11,793 | 0 | 16,660 |
These data refer to reserves backed only by bonds held in the Asset Purchase Facility (APF). A range of financial institutions hold reserve deposit accounts at the Bank of England and data on reserves held by commercial banks specifically is not publicly available. But the Bank of England does publish the aggregate level of outstanding reserves and the Bank Rate. As of 23 September 2026, total outstanding central bank sterling reserves were £642,336m.
The Monetary Policy Committee at the Bank of England are responsible for the conduct of monetary policy, and the separation of fiscal and monetary policy is essential to its effective delivery.
The UK’s approach of indemnifying the APF is in line with best practice as set out in a 2023 IMF working paper, relating to several areas of governance, accountability, and transparency. Other central banks do share both past Quantitative Easing-related profits and future losses with their national treasuries but do so, and account for doing so, in a variety of ways and over different time periods.
Parliamentary Secretary (HM Treasury)
The Government's ambition is to support good growth across all parts of the United Kingdom. As set out in the Prime Minister's recent Machinery of Government Statement, No10 North will be responsible for driving good growth through devolution and working in close partnership with local leaders, businesses, and communities to strengthen place-based growth
We are also committed to fundamentally rewiring the way our country works, transferring greater powers, funding and accountability to the local leaders who know what it takes to drive growth and attract investment in their areas
As part of this we have provided support to Leicester through the Pride in Place fund, allowing neighbourhoods like Eyres Monsell, Braunstone Park West and Thurnby Lodge to decide where this is best spent, with each receiving £20m
This government has already taken first steps to tackle some of the barriers to private sector investment, including driving planning reform, removing the ban on the development of onshore wind farms, and expanding the Office for Investment. Regions across the UK benefit from British Business Bank's Nation and Regions Investment Funds, including the £400m Midlands Engine Investment Fund, which is still deploying capital.
Chief Secretary to the Treasury
As has always been the case, decisions on tax are a matter for the Chancellor to set out at fiscal events, rather than routinely commenting on rumour, speculation or proposals.
Parliamentary Secretary (HM Treasury)