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.



Secretary of State

 Portrait

Rachel Reeves
Chancellor of the Exchequer

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)

Conservative
Mel Stride (Con - Central Devon)
Shadow Chancellor of the Exchequer

Green Party
Adrian Ramsay (Green - Waveney Valley)
Green Spokesperson (Treasury)

Liberal Democrat
Charlie Maynard (LD - Witney)
Liberal Democrat Spokesperson (Chief Secretary to the Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Lord Altrincham (Con - Excepted Hereditary)
Shadow Minister (Treasury)
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
James Wild (Con - North West Norfolk)
Shadow Exchequer Secretary (Treasury)
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
Ministers of State
Lord Livermore (Lab - Life peer)
Financial Secretary (HM Treasury)
James Murray (LAB - Ealing North)
Chief Secretary to the Treasury
Lord Stockwood (Lab - Life peer)
Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
Dan Tomlinson (Lab - Chipping Barnet)
Exchequer Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
There are no upcoming events identified
Debates
Tuesday 27th January 2026
Finance (No. 2) Bill (Second sitting)
Public Bill Committees
Select Committee Docs
Wednesday 28th January 2026
14:11
Select Committee Inquiry
Tuesday 31st January 2023
Quantitative tightening

This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …

Written Answers
Thursday 29th January 2026
Budget November 2025
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101325, whether the …
Secondary Legislation
Tuesday 20th January 2026
Customs (Tariff and Miscellaneous Amendments) Regulations 2026
Regulation 2 amends the licensing table in Schedule 2 to the Customs (Tariff Quotas) (EU Exit) Regulations 2020 (S.I. 2020/1432) …
Bills
Thursday 4th December 2025
National Insurance Contributions (Employer Pensions Contributions) Bill 2024-26
A Bill to Make provision to amend section 4 of the Social Security Contributions and Benefits Act 1992, and section …
Dept. Publications
Thursday 29th January 2026
16:00

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.

Most Recent Commons Appearances by Category
View All HM Treasury Commons Contibutions

Bills currently before Parliament

HM Treasury does not have Bills currently before Parliament


Acts of Parliament created in the 2024 Parliament

Introduced: 25th June 2025

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.

Introduced: 13th November 2024

A Bill to make provision about secondary Class 1 contributions.

This Bill received Royal Assent on 3rd April 2025 and was enacted into law.

Introduced: 6th November 2024

A Bill to make provision about finance.

This Bill received Royal Assent on 20th March 2025 and was enacted into law.

Introduced: 25th July 2024

A Bill to amend the Crown Estate Act 1961.

This Bill received Royal Assent on 11th March 2025 and was enacted into law.

Introduced: 5th March 2025

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.

Introduced: 6th November 2024

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.

Introduced: 18th July 2024

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.

Introduced: 24th July 2024

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

Regulation 2 amends the licensing table in Schedule 2 to the Customs (Tariff Quotas) (EU Exit) Regulations 2020 (S.I. 2020/1432) which identifies the tariff quotas that are administered by licence. It removes preferential United States beef quota 05.4010 from this table to reflect a change in the administration of this quota from ‘licensed’ to ‘first come first served’. This quota is in respect of the General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal, concluded on 8th May 2025.
This Order amends the Child Benefit (Rates) Regulations 2006 (S.I. 2006/965); the Social Security Contributions and Benefits Act 1992 (c. 4); and the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7).
View All 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).

Trending Petitions
Petitions with most signatures
Petition Debates Contributed

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.

154,007
Petition Closed
13 May 2025
closed 8 months, 2 weeks 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.

Prevent independent schools from having to pay VAT on fees and incurring business rates as a result of new legislation.

View All HM Treasury Petitions

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
Meg Hillier Portrait
Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)
Treasury Committee Member since 9th September 2024
Yuan Yang Portrait
Yuan Yang (Labour - Earley and Woodley)
Treasury Committee Member since 21st October 2024
Siobhain McDonagh Portrait
Siobhain McDonagh (Labour - Mitcham and Morden)
Treasury Committee Member since 21st October 2024
John Glen Portrait
John Glen (Conservative - Salisbury)
Treasury Committee Member since 21st October 2024
Harriett Baldwin Portrait
Harriett Baldwin (Conservative - West Worcestershire)
Treasury Committee Member since 21st October 2024
Bobby Dean Portrait
Bobby Dean (Liberal Democrat - Carshalton and Wallington)
Treasury Committee Member since 28th October 2024
Chris Coghlan Portrait
Chris Coghlan (Liberal Democrat - Dorking and Horley)
Treasury Committee Member since 28th October 2024
John Grady Portrait
John Grady (Labour - Glasgow East)
Treasury Committee Member since 9th December 2024
Catherine West Portrait
Catherine West (Labour - Hornsey and Friern Barnet)
Treasury Committee Member since 27th October 2025
Luke Murphy Portrait
Luke Murphy (Labour - Basingstoke)
Treasury Committee Member since 27th October 2025
Jim Dickson Portrait
Jim Dickson (Labour - Dartford)
Treasury Committee Member since 27th October 2025
Treasury Committee: Upcoming Events
Treasury Committee - Private Meeting
2 Feb 2026, 2 p.m.
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Treasury Committee - Oral evidence
Financial Inclusion Strategy
3 Feb 2026, 9:30 a.m.
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Treasury Committee - Oral evidence
Work of the Payment Systems Regulator
4 Feb 2026, 2 p.m.
View calendar - Save to Calendar
Treasury Committee: Previous Inquiries
The Financial Conduct Authority’s Regulation of London Capital & Finance plc Budget 2021 Work of National Savings and Investments Lessons from Greensill Capital Appointment of Carolyn Wilkins to the Financial Policy Committee Appointment of Tanya Castell to the Prudential Regulatory Committee The work of the Prudential Regulation Authority Reappointment of Jill May and Julia Black to the Prudential Regulation Committee Committee on COP26: climate change and finance Spring Budget 2020 Appointment of Sarah Breeden to the Financial Policy Committee Appointment of Catherine Mann to the Monetary Policy Committee Reappointment of Jonathan Haskel to the Monetary Policy Committee Bank of England July Financial Stability Report and August Monetary Policy Report Economic Crime Regional Imbalances in the UK economy The Work of the Debt Management Office Appointment of Richard Hughes as Chair of the Office for Budget Responsibility Reappointment of Professor Silvana Tenreyro to the Monetary Policy Committee Reappointment of Andy Haldane to the Monetary Policy Committee Appointment of Jonathan Hall to the Financial Policy Committee Appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority Maxwellisation inquiry The work of National Savings and Investments inquiry Retail Banking Market Review inquiry HMRC Executive Chair and Chief Executive Financial stability one-off hearing Appointment of the CEO of Financial Conduct Authority Bank of England Financial Stability Report Hearings 2016-17 UK's future economic relationship with the EU inquiry Appointment of Deputy Governor for Prudential Regulation EU Insurance Regulation inquiry HM Treasury: Report and Accounts 2015 – 2016 Appointment of Michael Saunders to the Monetary Policy Committee Appointment of Anil Kashyap to the Financial Policy Committee Tax credits, fraud and error inquiry The work of the Chancellor of the Exchequer inquiry Bank of England Inflation Report Hearing August 2016 Prudential Regulation Authority inquiry Sir Charles Bean appointment to Budget Responsibility Committee UK tax policy and the tax base inquiry Government Internal Audit Agency inquiry HM Treasury Annual Report and Accounts 2014-15 inquiry Valuation Office Agency inquiry Independent review of report into failure of HBOS inquiry Review of the Office for National Statistics inquiry Appointment of Angela Knight as Chair of the Office for Tax Simplification Appointment of Tim Parkes as Chair of Regulatory Decisions Committee Budget 2016 inquiry Financial Policy Committee re-appointment hearings Bank of England Inflation Report Hearing May 2016 Work of the Court of the Bank of England inquiry Bank of England Inflation Report Hearing February 2017 Appointment of the Deputy Governor for Markets and Banking Budget 2017 inquiry Restoration and Renewal of the Palace of Westminster inquiry Capital inquiry Work of the Payment Systems Regulator inquiry Effectiveness and impact of post-2008 UK monetary policy Access to basic retail financial services inquiry Financial Conduct Authority inquiry Bank of England Inflation Report Hearing November 2016 UK Financial Investments annual reports and accounts 2015-16 Housing Policy inquiry Autumn Statement 2016 Household finances: income, saving and debt inquiry Bank of England Inflation Reports inquiry Budget Autumn 2017 inquiry Student Loans inquiry The UK's economic relationship with the European Union inquiry The work of the Bank of England inquiry The work of the Financial Conduct Authority The work of the National Infrastructure Commission inquiry Women in finance inquiry Appointment of Professor Silvana Tenreyro to the Monetary Policy Committee Appointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking, Bank of England The work of the Chancellor of the Exchequer EU Insurance Regulation inquiry HMRC Annual Report and Accounts inquiry Re-appointment of Professor Anil Kashyap to the Financial Policy Committee inquiry Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England inquiry The effectiveness of gender pay gap reporting inquiry Decarbonisation of the UK Economy and Green Finance inquiry Regional Imbalances in the UK Economy inquiry Work of the Financial Services Compensation Scheme inquiry Spending Round 2019 inquiry Access to Cash Review inquiry Appointment of Kathryn Cearns as Chair of the Office of Tax Simplification inquiry The future of the UK’s financial services inquiry The impact of Business Rates on business inquiry Spring Statement 2019 inquiry The work of the Adjudicator’s Office inquiry The work of the Debt Management Office inquiry Independent Review of the Co-Operative Bank inquiry Work of the Court of the Bank of England inquiry Tax enquiries and resolution of tax disputes inquiry IT failures in the financial services sector inquiry Work of the Banking Standards Board inquiry Independent Review of the Financial Ombudsman Service Appointment of Bradley Fried as Chair of Court, Bank of England Appointment of Professor Jonathan Haskel to the Monetary Policy Committee Andy King, Nominated Member of the Budget Responsibility Committee Re-appointment of Dr Gertjan Vlieghe to the Monetary Policy Committee Maxwellisation inquiry Work of the Valuation Office Agency inquiry Appointment of Julia Black as external member of the Prudential Regulation Committee Appointment of Jill May as an external member of the Prudential Regulation Committee Consumers’ Access to Financial Services inquiry The re-appointment of Sir Jon Cunliffe as Deputy Governor for Financial Stability at the Bank of England inquiry Budget 2018 inquiry The Work of the Treasury inquiry Service Disruption at TSB inquiry Economic Crime inquiry Re-appointment of Alex Brazier to the Financial Policy Committee Re-appointment of Donald Kohn to the Financial Policy Committee Re-appointment of Martin Taylor to the Financial Policy Committee VAT inquiry Spring Statement 2018 Digital Currencies inquiry Appointment of Charles Randell as Chair of the Financial Conduct Authority SME Finance inquiry Appointment of Elisabeth Stheeman to the Bank of England Financial Policy Committee The work of the Prudential Regulation Authority inquiry Bank of England Financial Stability Reports RBS's Global Restructuring Group and its treatment of SMEs inquiry Childcare inquiry The work of the Payment Systems Regulator inquiry HM Treasury Annual Report and Accounts inquiry Women in the City Crown Estate Cheques, the end of? Mortgage Arrears and Access to Mortgage Finance: Follow up Financial Institutions - Too Important To Fail? Budget 2010 Credit Searches European Macro and Micro Prudential Financial Regulation Presbyterian Mutual Society Pre-Budget Report 2009 Budget 2009 Pre-Budget Report 2008 Budget 2008 Pre-Budget Report 2007 Mortgage Arrears and Access to Mortgage Finance Evaluating the Efficiency Programme Administration and expenditure of the Chancellor’s Departments, 2008-09 Banking Crisis Banking Crisis: International Dimensions Banking Reform Run on the Rock Budget June 2010 Competition and choice in the banking sector Office for Budget Responsibility Financial Regulation Spending Review 2010 Administration and effectiveness of HMRC The principles of tax policy Retail Distribution Review European financial regulation Autumn forecast 2010 Accountability of the Bank of England Private Finance Initiative Budget 2011 Future of Cheques Independent Commission on Banking: Interim Report Closing the tax gap: HMRC's record at ensuring tax compliance Budget Measures and Low-income Households Financial Conduct Authority Inherited Estates Counting the population Administration and expenditure of the Chancellor's Departments, 2006-07 Comprehensive Spending Review 2007 Administration and expenditure of the Chancellor's Departments, 2007-08 Independent Commission on Banking: Final Report Global Imbalances Autumn Statement 2011 Budget 2012 Corporate governance and remuneration Money Advice Service LIBOR FSA's report into HBOS Spending Round 2013 Project Verde Macroprudential tools Disposal of Government Stakes in RBS and Lloyds Credit Rating Agencies Autumn Statement 2012 Appointment of Dr Mark Carney as Governor of the Bank of England Budget 2013 Quantitative easing Private Finance 2 Autumn Statement 2013 Bank of England Financial Stability Report hearings: Session 2014-15 Appointment hearings, Session 2013-14 Bank of England Inflation Report Hearings: Session 2013-14 EU Financial Regulation Monetary Policy: Forward Guidance UK Financial Investments Ltd 2013 The economics of HS2 SME Lending Financial Conduct Authority hearings The costing of pre-election policy proposals Performance of the Royal Mint Budget 2014 The economics of currency unions OBR: July 2013 Fiscal Sustainability Report Banks' Lending Practices: Treatment of Businesses in Distress RBS Independent Lending Review Prudential Regulation Authority Hearings: Session 2014-15 HM Treasury Annual Report and Accounts 2013-14 Treatment of Financial Services Consumers Bank of England Inflation Report Hearings: Session 2014-15 HMRC Business Plan 2014-16 Manipulation of Benchmarks Appointment hearings, Session 2014-15 Co-op Governance Review Cost effectiveness of economic and financial sanctions Bank of England Financial Stability Report Hearings 2015-16 Bank of England Inflation Report Hearings 2015-16 Summer Budget 2015 inquiry UK Financial Investments Ltd Annual Report and Accounts 14-15 Review of scope and performance of Office for Budget Responsibility Bank of England Bill inquiry Chair of Office for Budget Responsibility reappointment hearing HMRC Annual Report and Accounts 2014-15 inquiry Prudential Regulation Authority inquiry Comprehensive Spending Review and Autumn Statement 2015 inquiry Review of CMA work on Retail Banking Market one-off session Financial Conduct Authority Practitioner Panels one-off session Appointment of Gertjan Vlieghe to the Monetary Policy Committee hearing Reappointment of Ian McCafferty to the Monetary Policy Committee hearing Financial Conduct Authority Economic and financial costs and benefits of UK's EU membership Crown Estate Annual Report and Accounts 2013/14 Bank of England Foreign Exchange Market Investigation HM Revenue and Customs and HSBC Budget 2015 The UK's EU Budget Contributions Press briefing of information in the Financial Conduct Authority’s 2014/15 Business Plan Fair and Effective Markets Review The Payment Systems Regulator Implementing the recommendations on the Parliamentary Commission on Banking Standards Autumn Statement 2014 Work of the Tax Assurance Commissioner UK Financial Investments Ltd Proposals for further Fiscal and Economic Devolution to Scotland Debt Management Office Annual Report and Accounts 2013-14 UK Customs Policy Infrastructure The cost of living The venture capital market The crypto-asset industry Tax Reliefs September 2022 Fiscal Event The Financial Services and Markets Bill The mortgage market The Edinburgh Reforms Quantitative tightening Retail Banks Appointment of Andrew Bailey as Governor of the Bank of England Work of Government Actuary’s Department Work of the Financial Ombudsman Service Work of HM Treasury Future of Financial Services Spending Review 2020 HMRC Annual Report and Accounts Bank of England Financial Stability Reports The appointment of John Taylor to the Prudential Regulation Committee UK’s economic and trading relationship with the EU The appointment of Antony Jenkins to the Prudential Regulation Committee Access to Cash Review Bank of England Financial Stability Reports Bank of England Inflation Reports Consumers’ Access to Financial Services Decarbonisation of the UK Economy and Green Finance Economic Crime The effectiveness of gender pay gap reporting HMRC Annual Report and Accounts inquiry Tax enquiries and resolution of tax disputes IT failures in the financial services sector Appointment of Dame Colette Bowe to the Financial Policy Committee Re-appointment of Professor Anil Kashyap to the Financial Policy Committee Work of the Financial Services Compensation Scheme Spending Round 2019 The impact of Business Rates on business Work of the Court of the Bank of England Independent Review of the Co-Operative Bank Regional Imbalances in the UK Economy Re-appointment of Michael Saunders to the Monetary Policy Committee Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England Maxwellisation RBS's Global Restructuring Group and its treatment of SMEs SME Finance Spring Statement 2019 The future of the UK’s financial services HM Treasury Annual Report and Accounts Service Disruption at TSB The UK's economic relationship with the European Union VAT The work of the Bank of England The work of the Chancellor of the Exchequer The work of the Financial Conduct Authority The Work of the Treasury The work of the Prudential Regulation Authority

50 most recent Written Questions

(View all written questions)
Written Questions can be tabled by MPs and Lords to request specific information information on the work, policy and activities of a Government Department

26th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 January to Question 105303 on Business Rates: Valuation, with reference to the oral evidence from Jonathan Russell and John-Paul Marks to the Treasury Select Committee of 13 January 2026, how many data drops of ratings (a) information and (b) analysis did her department receive from the VOA in each month since January 2025.

The VOA share data with MHCLG as part of the policy development process.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 4 December 2025, to Question 95882, on Alcoholic Drinks: Excise Duties, for what reason CPI is used to calculate business rates.

The national business rates multipliers uprate by the previous September’s CPI figure every April.

Business rates make up a quarter of Local Authority core spending power and support critical local services, including child and adult social care. Indexing the business rates multipliers in between revaluations helps to maintain the real-terms value of this revenue to fund these services.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 January 2026 to Question 105434 on Retail Trade: Business Rates, what proportion of ratepayers expected to see no bill increases in business rates are from the retail sector.

Data on the change in the rateable value of non-domestic properties as a result of the 2026 revaluation, including for the retail sector, can be found here: https://www.gov.uk/government/statistics/national-non-domestic-rates-collected-by-councils-in-england-forecast-2025-to-2026

Bills will be issued in due course by local councils.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, if she will consider reducing the multiplier for pubs to 20p below the standard multiplier.

From April, every pub and live music venue will get 15% off its new business rates bill on top of the support announced at Budget and then bills will be frozen in real terms for a further two years.

Three-quarters of pubs will see bills flat or falling in April. The new relief is worth £1,650 for the average pub next year. As a sector pubs will pay 8% less in business rates in 2029 than they do right now.

The Government will also launch a review on how pubs are valued for business rates.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
21st Jan 2026
To ask the Chancellor of the Exchequer, what steps she is taking through the tax system to support pensioners with the cost of living in Surrey Heath constituency.

We are committed to helping pensioners with the cost of living and ensuring financial security in retirement. The State Pension will remain the foundation of retirement income and, in line with the government’s commitment to the Triple Lock for the duration of this parliament, over 12 million pensioners benefit from a 4.8% increase to their basic or new State Pension in April 2026, worth up to £575 a year. This follows a substantial increase in 2025/26, when those on the full new State Pension received a £360 boost.

The Pension Credit Standard Minimum Guarantee will also increase by 4.8% in April 2026, from £227.10 to £238 a week for single pensioners and from £346.60 to £363.25 for couples, protecting the poorest pensioners.

Pensioners also benefit from free eye tests, NHS prescriptions and bus passes, and some may qualify for means‑tested benefits such as Housing Benefit and Cold Weather Payments.

To help with ongoing cost of living pressures, the government will remove around £150 on average of household energy bills across Great Britain from April 2026 and the government is expanding the Warm Home Discount to an additional 2.7 million households, meaning around 6 million low-income households will receive £150 support with their energy bills.

Through our Warm Homes Plan we are supporting insulation and low carbon heating, upgrading millions of homes this Parliament. At the recent Budget we announced £1.5 billion in new funding to support households facing fuel poverty, on top of the £13.2 billion announced at Spending Review 2025.

Torsten Bell
Parliamentary Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of the level of CPI inflation on the proposed change in tobacco duty on 1 October 2026.

The independent Office for Budget Responsibility (OBR) are responsible for estimating the impact of Government policies on inflation. The OBR did not include an assessment on the contribution of tobacco excise duty to inflation in the November 2025 Economic and Fiscal Outlook.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, what assessments and consultation have been undertaken to understand the potential impact of the removal of the 10% wear and tear allowance within Making Tax Digital on the daily running of childminding businesses.

At Budget 2025 the Government confirmed that the standard rules for calculating income tax would apply to childminders within Making Tax Digital (MTD) for Income Tax. We will phase in this change between 2026 and 2028, in line with MTD for Income Tax thresholds. The threshold from April 2026 is £50,000 of qualifying income, reducing to £30,000 from April 2027 and £20,000 from April 2028.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

HMRC engaged with stakeholders before the Budget and continue to engage with them, and will produce updated guidance for childminders in early 2026. Guidance on business expenses and on MTD for Income Tax is already available on GOV.UK.

Childminders play a vital role in childcare. The Government has eased rules on working from schools and community centres and increased early years funding rates above 2023 average fees. These increases reflect increased costs, and from April 2026, local authorities must pass at least 97 per cent of funding to providers.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the removal of the 10% wear and tear allowance for child minders within Making Tax Digital on the level of complexity for users of the system.

At Budget 2025 the Government confirmed that the standard rules for calculating income tax would apply to childminders within Making Tax Digital (MTD) for Income Tax. We will phase in this change between 2026 and 2028, in line with MTD for Income Tax thresholds. The threshold from April 2026 is £50,000 of qualifying income, reducing to £30,000 from April 2027 and £20,000 from April 2028.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

HMRC engaged with stakeholders before the Budget and continue to engage with them, and will produce updated guidance for childminders in early 2026. Guidance on business expenses and on MTD for Income Tax is already available on GOV.UK.

Childminders play a vital role in childcare. The Government has eased rules on working from schools and community centres and increased early years funding rates above 2023 average fees. These increases reflect increased costs, and from April 2026, local authorities must pass at least 97 per cent of funding to providers.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, when she plans to share guidance for child minders as a targeted profession as part of proposed changes in Making Tax Digital.

At Budget 2025 the Government confirmed that the standard rules for calculating income tax would apply to childminders within Making Tax Digital (MTD) for Income Tax. We will phase in this change between 2026 and 2028, in line with MTD for Income Tax thresholds. The threshold from April 2026 is £50,000 of qualifying income, reducing to £30,000 from April 2027 and £20,000 from April 2028.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

HMRC engaged with stakeholders before the Budget and continue to engage with them, and will produce updated guidance for childminders in early 2026. Guidance on business expenses and on MTD for Income Tax is already available on GOV.UK.

Childminders play a vital role in childcare. The Government has eased rules on working from schools and community centres and increased early years funding rates above 2023 average fees. These increases reflect increased costs, and from April 2026, local authorities must pass at least 97 per cent of funding to providers.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
21st Jan 2026
To ask the Chancellor of the Exchequer, what engagement her Department had with the (a) Department of Education, (b) Department of Health and (c) Department of Finance in Northern Ireland in advance of the announcement of the phased removal of the 10% wear and tear allowance for childminders.

The Chancellor discusses a range of policy matters with Ministerial colleagues.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
21st Jan 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of the removal of the 10 per cent wear-and-tear tax deduction for childminders as part of the move to Making Tax Digital for Income Tax on (a) childminders in Northern Ireland, (b) the sustainability of the childminding sector and (c) the (i) affordability and (b) availability of childcare for local families.

The Chancellor discusses a range of policy matters with Ministerial colleagues.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, whether she plans to retain the Vehicle Excise Duty exemption for vintage motorcycles.

At Budget 2014 the Government at the time announced that it would introduce a rolling 40-year exemption from Vehicle Excise Duty (VED) for historic vehicles, including motorcycles. This means that currently vehicles constructed before 1 January 1985 are exempt from paying VED. From 1 April 2026 vehicles constructed before 1 January 1986 will become exempt from VED.

The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101308, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101309, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101310, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101311, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101312, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101313, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101314, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101315, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101316, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101317, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101318, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101319, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101320, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101321, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101322, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101323, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101324, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
14th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 January 2026 to question 101325, whether the hon. Member's representation was written or oral.

Ministers routinely engage with MPs throughout the year. MPs may submit their views through the Stakeholder Representation Portal, by corresponding with Ministers, or by sharing the views of their constituents through routine engagement. HM Treasury does not publish individual representations made on behalf of respondents.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, what discussions she has had with relevant stakeholders on targets that have been set for the UK Social Investment Fund in terms of measurable outputs for each of the next three financial years.

The Social Investment Fund was launched by M&G on 21st January and aims to invest up to £1 billion into the UK economy over the next three to five years to support new affordable homes, regeneration projects and infrastructure. This commitment aligns with the Government’s aim to encourage LGPS assets to be invested to boost UK economic growth.

The Chancellor has discussed the fund with M&G and supports their intention to align it with the government’s Missions including urban regeneration, clean energy and essential infrastructure that improves health and community wellbeing.

It is private finance and M&G will manage the fund in the best interests of investors, to deliver measurable impact across the UK.

Lucy Rigby
Economic Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed EU (a) taxes and (b) charges on small packages entering the EU on Northern Ireland, including parcels sent within the United Kingdom internal market.

We are aware of changes to the EU’s rules of low value imports and the announcement in December of its intention to introduce customs duty on these goods from 1 July 2026.

At Autumn Budget 2025, the Chancellor announced the removal of the UK's relief from customs duty on goods below £135 from March 2029 at the latest.

There is currently a consultation on these changes that closes on 6th March 2026.

We are committed to ensuring that the current facilitations available for parcels under the Windsor Framework continue to operate. This means that goods eligible to move under the UK Carrier Scheme and the UK Internal Market Scheme will continue to do so. These schemes are designed to protect goods moving within the UK internal market from incurring duty.

The benefits of the UK-EU Trade and Cooperation Agreement will also continue to be available.

The Government continues to engage with industry and the EU to ensure any applicable arrangements are implemented correctly and to minimise any negative impacts on Northern Ireland consumers and businesses.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
19th Jan 2026
To ask His Majesty's Government what assessment they have made of recent trends in venture capital investment and scale-up financing in the UK technology sector; and how those trends are informing policy to support fintech and AI innovation.

The UK has the third largest Venture Capital (VC) market in the world behind the US and China, and the largest in Europe. The latest edition of the British Business Bank (BBB) 2025 Equity Monitor found that the UK attracted £10.8 billion of VC investment in 2024, with £5.5 billion invested in the UK technology sector.

At the Budget in November 2025, we introduced measures to build on these strengths by expanding our enterprise tax reliefs to incentivise investment in scaling firms and support them to attract top talent, by targeting BBB investment towards scale-up companies, and by committing to public procurement reforms to make the UK government a better customer to innovative businesses.

HM Treasury will continue to monitor the implementation of Budget measures and analyse their impact on the UK technology sector, to inform future policy development.

Lord Livermore
Financial Secretary (HM Treasury)
20th Jan 2026
To ask His Majesty's Government how many (1) resident trusts (including trusts categorised as ‘Type A'), and (2) non-UK resident trusts (including trusts categorised as ‘Type B’ or ‘Type C’), have acquired a direct interest in land or property in Scotland since the Trust Registration Service was expanded in May 2021.

Although the Trust Registration Service does record information on trusts that have acquired a direct interest in land or property in the UK, in most cases the register only records limited information on where within the UK these lands or properties are located. As such, I cannot provide a complete answer to this question with respect to Scotland.

I can however answer this question with respect to the UK overall. From May 2021 (when the Trust Registration Service was expanded to accept registrations from non-taxable trusts) to 5 April 2025 (the end of the last tax year), c.77,000 trusts notified the Trust Registration Service that the trustees had acquired a direct interest in UK land or property on or after 6 October 2020. Of this figure, c.76,000 are UK resident trusts (including trusts categorised as ‘Type A') and c.1000 are non-UK resident trusts (including trusts categorised as ‘Type B’ or ‘Type C’).

Lord Livermore
Financial Secretary (HM Treasury)
20th Jan 2026
To ask His Majesty's Government what steps they are taking to support and retain high-growth UK technology firms seeking to list on the London stock exchange.

The Government has delivered an ambitious programme of reforms to make it easier for all firms, including fintechs, to list and raise capital on UK markets. This includes overhauling the Prospectus Regime and Listing Rules, providing more flexibility to firms and founders raising capital on UK markets.

At her Mansion House speech last year, the Chancellor also announced the formation of a Listings Taskforce, to support businesses to list and grow in the UK, and the Financial Services Growth and Competitiveness Strategy, which sets out a comprehensive package of reforms to maintain the UK’s global leadership in Fintech. Officials and ministers regularly engage with industry leaders on sector developments.

Lord Livermore
Financial Secretary (HM Treasury)
22nd Jan 2026
To ask His Majesty's Government what progress they have made on using the capital from frozen Russian assets to support Ukraine.

The UK’s support for Ukraine remains iron clad. We will continue to work with G7 and EU partners to ensure that Ukraine gets the funding it needs, ensuring any options developed by the Government are in line with international law.

UK Government policy is that Russia's sovereign assets will remain immobilised until Russia ceases its war and pays compensation to Ukraine.

Lord Livermore
Financial Secretary (HM Treasury)
21st Jan 2026
To ask His Majesty's Government what assessment they have made of the risks to consumers and financial stability of the current regulatory approaches to AI in financial services.

The Government believes that the safe adoption of artificial intelligence (AI) by the financial services sector is a major strategic opportunity, with the potential to power growth across the UK. As set out in the Government’s Financial Services Growth and Competitiveness Strategy, it is our ambition to make the UK ”the world’s most technologically advanced global financial sector”, leveraging our dual strengths in FS and AI to drive growth, productivity, and deliver consumer benefits.

The Government has been clear that we will strike the right balance between managing the risks posed by AI and unlocking its huge potential. The UK financial regulators take an outcomes-based approach to regulating AI within the financial sector, drawing on existing frameworks to ensure that firms uphold strong consumer, stability and market standards, whether they use AI or not. Our current assessment, shared by the regulators, is that this framework is capable of ensuring the effective regulation of the use of AI. However, we will continue working closely with the regulators as the technology evolves to monitor risks and ensure that AI adoption continues in a safe and responsible way.

The Government is carefully considering the Treasury Committee’s report on AI in financial services and will respond in due course.

Lord Livermore
Financial Secretary (HM Treasury)
21st Jan 2026
To ask His Majesty's Government what representations they have received from the government of Wales about devolving responsibility for the Crown Estate's activities in Wales to Senedd Cymru.

The UK Government has regular discussions with the Welsh Government at official and ministerial level on a range of issues. This has included a request from the Welsh Government that the UK Government considers devolution of the management of The Crown Estate in Wales.

Lord Livermore
Financial Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 January 2026 to Question 107489 on Child Benefit: Maladministration, what records her Department holds on weekly management information and feedback from the compliance teams working the cases, in the context of page 10 of Data Protection Impact Assessment 15489.

As set out in the Data Protection Impact Assessment, HMRC teams share management information and feedback on a weekly basis. This helps teams ensure that processes run as smoothly as possible.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, how much on average was invested in Government Bonds by Retail Investors in January (a) 2023 and (b) 2025.

HM Treasury does not hold data on the average amounts invested in gilts by retail investors; however, the government welcomes participation from a broad and diverse range of gilt market investors, including retail buyers.

The Office for National Statistics publishes aggregate holdings in government bonds by different investors, which can be found using the following link - https://www.ons.gov.uk/releases/ukeconomicaccountsjulytoseptember2025

Lucy Rigby
Economic Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, what steps she is taking to implement the recommendation of the Independent Loan Charge Review 2025 on holding promoters of loan charge schemes to account.

As set out in the Government’s response to the Loan Charge Review, since the Loan Charge was introduced, HMRC’s approach to tackling promoters has become far more robust.

The Government is also introducing new powers in Finance Bill 2025/26 to close in on promoters of marketed tax avoidance and the other professionals who market or enable tax avoidance schemes.

These new powers will go further and include more criminal sanctions. This shows the Government’s clear determination to close in on the few remaining promoters by strengthening deterrents and introducing significant additional consequences for promoters who continue promoting tax avoidance schemes.

The Government will also publish a consultation in early 2026 on further measures for tackling promoters of avoidance.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, what recent discussions she has had with National Savings and Investments on the provision of Help to Save services by credit unions.

The Chancellor of the Exchequer has not undertaken any recent engagement with National Savings and Investments on this issue.

HMRC Officials are continuing to take forward work on Help to Save reform, including engagement with a range of financial institutions, such as credit unions. This engagement is focused on exploring options for the future delivery approach of the scheme.

Lucy Rigby
Economic Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, with reference to page 18 of the Financial Conduct Authority's publication entitled Regulatory Initiatives Grid - 9th Edition, published on 12 December 2025, what assessment she has made of the potential impact of the FCA's commitment to consult on the implementation of Sustainability Reporting Standards disclosure requirements for UK listed companies on (a) alignment with international financial reporting standards and (b) economic growth.

The government’s Financial Services Growth and Competitiveness Strategy set out how UK can play a leading role in facilitating the financing of the global net zero transition. The UK is already one of the world’s leading sustainable finance centres – the challenge is to evolve and expand. To achieve that challenge, the government is delivering on a small number of targeted initiatives, working closely with the sector to make the biggest impact – boosting investor protection and UK competitiveness.

As part of this, the government consulted last year on the UK Sustainability Reporting Standards, the UK’s implementation of the International Sustainability Standard Board’s global standards. The aim is to provide clear standards which support comparable and decision-useful disclosures for investors, and which align with other jurisdictions. The government will be publishing its consultation response along with the endorsed UK standards in Q1 2026.

The government welcomes the FCA consultation on the implementation of UK Sustainability Reporting Standards for listed companies, which is due to be published later this month, and encourages the sector to engage with that process.

Lucy Rigby
Economic Secretary (HM Treasury)
23rd Jan 2026
To ask the Chancellor of the Exchequer, if she will reconsider the decision to withdraw the childminder tax agreement BIM 52751.

Childminders play a vital role in childcare. The Government has eased rules on working from schools and community centres and increased early years funding rates above 2023 average fees. These increases reflect increased costs, and from April 2026, local authorities must pass at least 97 per cent of funding to providers.

At Budget 2025 the Government confirmed that the standard rules for calculating income tax would apply to childminders who are mandated into Making Tax Digital (MTD). We will phase in this change between 2026 and 2028, in line with the MTD income thresholds. The threshold from April 2026 is £50,000 of qualifying income, reducing to £30,000 from April 2027 and £20,000 from April 2028.

HMRC’s Business Income manual page BIM52751 is not being withdrawn. A revised version will be published in early 2026 to reflect the Government’s confirmation at Budget 2025 that the standard rules for calculating income tax will apply to childminders within Making Tax Digital for Income Tax. The guidance will also be clarified for childminders that work from non-domestic premises.

Childminders can continue to claim tax relief for wear and tear by deducting the actual cost of buying, repairing or replacing items. They can also deduct the cost of business expenses such as utilities, cleaning and equipment. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
26th Jan 2026
To ask the Chancellor of the Exchequer, what discussions she has had with her Gibraltarian counterpart on the potential impact of the new Remote Betting Duty on the Gibraltarian economy.

Increasing gambling duties will raise over £1 billion per year to support the public finances and forms part of our ambition to create a fair, modern and sustainable tax system.

The Government understands that Gibraltar has a gambling industry that faces the UK, and engaged with representatives of the Government of Gibraltar following the Budget and will continue to monitor all impacts of these changes.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
22nd Jan 2026
To ask the Chancellor of the Exchequer, how many people do not receive National Insurance credits through not applying for Child Benefit.

It is estimated that 214 thousand people who qualified for Child Benefit in 2024-25 were not claiming it and missed out on National Insurance credits. This estimate excludes those who paid National Insurance contributions or who received credits via another route.

HMRC encourages parents and guardians to claim Child Benefit, even if their or their partner’s income means they may be liable to the High Income Child Benefit Charge. They can opt out of getting Child Benefit payments so they do not have to pay the charge and can still get National Insurance contributions to protect their State Pension.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
15th Jan 2026
To ask His Majesty's Government how much money they have allocated for use by Senedd Cymru in 2026–27.

Spending Review 2025 confirmed that the Welsh Government is receiving an average of £22.4 billion per year between 2026-27 and 2028-29. This is the Welsh Government’s largest spending review settlement in real terms since devolution in 1998.

As a result of decisions at the Budget in November 2025, the Welsh Government will receive an additional £505m in Total Departmental Expenditure Limit (TDEL) through the operation of the Barnett formula over the Spending Review period, on top of the record settlement provided at Spending Review 2025.

Lord Livermore
Financial Secretary (HM Treasury)
20th Jan 2026
To ask the Chancellor of the Exchequer, with reference to her Department’s response of 17 November 2025 to the e-petition entitled Raise the income tax personal allowance from £12,570 to £20,000, what assessment her Department has made of the potential impact of raising the income tax threshold to £20,000 on absolute poverty levels.

The Personal Allowance is uprated in line with CPI by default. The previous Government took the decision to maintain the Personal Allowance at its current level from April 2021 until April 2028. The Government is asking everyone to contribute to maintain funding for the NHS and reduce debt, and it is doing this by maintaining the Personal Allowance for a further three years.

As set out in the e-petition response, the Government has no plans to increase the Personal Allowance to £20,000. Increasing the Personal Allowance to £20,000 would come at a significant fiscal cost. This would reduce tax receipts substantially, decreasing funds available for the UK’s hospitals, schools, and other essential public services that we all rely on.

Increasing the Personal Allowance to this level would undermine the work the Government has done to restore fiscal responsibility which is critical to getting our economy growing.

HM Treasury only provides impact assessments on Government policy. The OBR have made an assessment of the Government’s policy related to the Personal Allowance in the Economic and Fiscal Outlook.

The ‘£50 billion’ figure in the e-petition response (https://petition.parliament.uk/petitions/737513) provided an indicative idea of scale only and does not reflect a full costing as this is not Government policy. Data from the 2022-23 Survey of Personal Incomes and the Office for Budget Responsibility (OBR) economic forecast were used to inform this indicative estimate.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
20th Jan 2026
To ask the Chancellor of the Exchequer, with reference to her Department’s response of 17 November 2025 to the e-petition entitled Raise the income tax personal allowance from £12,570 to £20,000, what assumptions were used for (a) behavioural changes, (b) labour market participation and (c) projected tax receipts for the £50 billion per annum figure.

The Personal Allowance is uprated in line with CPI by default. The previous Government took the decision to maintain the Personal Allowance at its current level from April 2021 until April 2028. The Government is asking everyone to contribute to maintain funding for the NHS and reduce debt, and it is doing this by maintaining the Personal Allowance for a further three years.

As set out in the e-petition response, the Government has no plans to increase the Personal Allowance to £20,000. Increasing the Personal Allowance to £20,000 would come at a significant fiscal cost. This would reduce tax receipts substantially, decreasing funds available for the UK’s hospitals, schools, and other essential public services that we all rely on.

Increasing the Personal Allowance to this level would undermine the work the Government has done to restore fiscal responsibility which is critical to getting our economy growing.

HM Treasury only provides impact assessments on Government policy. The OBR have made an assessment of the Government’s policy related to the Personal Allowance in the Economic and Fiscal Outlook.

The ‘£50 billion’ figure in the e-petition response (https://petition.parliament.uk/petitions/737513) provided an indicative idea of scale only and does not reflect a full costing as this is not Government policy. Data from the 2022-23 Survey of Personal Incomes and the Office for Budget Responsibility (OBR) economic forecast were used to inform this indicative estimate.

Dan Tomlinson
Exchequer Secretary (HM Treasury)