HM Treasury Alert Sample


Alert Sample

View the Parallel Parliament page for the HM Treasury

Information between 4th March 2024 - 14th March 2024

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Calendar
Tuesday 5th March 2024
HM Treasury
Nigel Huddleston (Conservative - Mid Worcestershire)

Money Resolution - Main Chamber
Subject: High Streets (Designation, Review And Improvement Plan) Bill
View calendar
Tuesday 12th March 2024 10 a.m.
Treasury Committee - Oral evidence
Subject: Budget 2024
At 10:15am: Oral evidence
Richard Hughes - Chair at Office for Budget Responsibility
Tom Josephs - Member at Budget Responsibility Committee
Professor David Miles CBE - Member at Budget Responsibility Committee
View calendar
Tuesday 12th March 2024 2 p.m.
Treasury Committee - Oral evidence
Subject: Budget 2024
At 2:15pm: Oral evidence
Yael Selfin - Vice Chair and Chief Economist at KPMG in the UK
Torsten Bell - Chief Executive at Resolution Foundation
Paul Johnson - Director at Institute for Fiscal Studies
Arun Advani - Professor of Economics at University of Warwick
View calendar
Wednesday 13th March 2024 2 p.m.
Treasury Committee - Oral evidence
Subject: Budget 2024
At 3:15pm: Oral evidence
Rt Hon Jeremy Hunt MP - Chancellor of the Exchequer at HM Treasury
View calendar
Tuesday 12th March 2024 10 a.m.
Treasury Committee - Private Meeting
View calendar
Tuesday 12th March 2024 2 p.m.
Treasury Committee - Private Meeting
View calendar
Wednesday 13th March 2024 2 p.m.
Treasury Committee - Private Meeting
View calendar
Tuesday 12th March 2024 2 p.m.
Treasury Committee - Oral evidence
Subject: Budget 2024
At 2:15pm: Oral evidence
Yael Selfin - Vice Chair and Chief Economist at KPMG in the UK
Torsten Bell - Chief Executive at Resolution Foundation
Paul Johnson - Director at Institute for Fiscal Studies
View calendar
Wednesday 20th March 2024 10 a.m.
Treasury Committee - Private Meeting
View calendar


Parliamentary Debates
Advanced Manufacturing
1 speech (390 words)
Monday 4th March 2024 - Written Statements
HM Treasury
Wine Duty
17 speeches (4,119 words)
Tuesday 5th March 2024 - Westminster Hall
HM Treasury
International Women’s Day
73 speeches (36,012 words)
Friday 8th March 2024 - Lords Chamber
HM Treasury
Financial Statement and Budget Report
24 speeches (8,990 words)
Wednesday 6th March 2024 - Commons Chamber
HM Treasury


Select Committee Documents
Wednesday 28th February 2024
Oral Evidence - HM Treasury, and HM Treasury

Treasury Committee
Tuesday 5th March 2024
Correspondence - Correspondence from Money and Pensions Service following oral evidence on debt advice, 2 February 2024

Treasury Committee
Tuesday 5th March 2024
Correspondence - Correspondence from StepChange following oral evidence on debt advice, 9 February 2024

Treasury Committee
Tuesday 5th March 2024
Correspondence - Correspondence from the Chief Commercial Officer, Cabinet Office, relating to Treasury Group contracts with Fujitsu, 28 February 2024

Treasury Committee
Tuesday 5th March 2024
Correspondence - Correspondence from the Chancellor of the Exchequer relating to the appointment of the Deputy Governor, Bank of England, 29 February 2024

Treasury Committee
Friday 8th March 2024
Report - Sixth Report - Sexism in the City

Treasury Committee
Tuesday 12th March 2024
Oral Evidence - KPMG in the UK, Resolution Foundation, Institute for Fiscal Studies, and University of Warwick

Treasury Committee
Tuesday 12th March 2024
Oral Evidence - Office for Budget Responsibility, Budget Responsibility Committee, and Budget Responsibility Committee

Treasury Committee


Written Answers
Beer and Cider: Excise Duties
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will increase the value of draught relief to 20% for qualifying beer and cider products in the spring Budget 2024.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

Draught Relief, introduced under the new alcohol duty system, provides a reduction in the duty on draught beer and cider by 9.2% and helps to level the playing field between pubs and supermarkets, allowing pubs and brewers to price their on-trade products more competitively. The Brexit Pubs Guarantee ensures that draught products will always be subject to lower duty than their supermarket equivalent.

The Government is closely monitoring the impact of the recent reforms and will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023. This will allow time to understand the impacts on the alcohol market, and for HMRC to gather useful and accurate data with which to evaluate the effects of the reform.

The Government is unable to speculate on tax matters outside of fiscal events.  As with all taxes, the Government keeps the alcohol duty system under review during its yearly Budget process.

Public Sector: Productivity
Asked by: John Redwood (Conservative - Wokingham)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to increase public sector productivity.

Answered by Laura Trott - Chief Secretary to the Treasury

The government has a relentless focus on getting the most out of every pound spent by boosting public sector productivity and by focusing spending on the government’s priorities.

In June, the Chancellor announced the Public Sector Productivity Programme as a means of assessing how productivity can be improved and to ensure the long-term sustainability of our public services.

The programme has focused on embracing the opportunities presented by Artificial Intelligence, reducing the amount of time our key frontline workers spend on administrative tasks and strengthening preventive action to reduce demand on public services.

Public Sector: Productivity
Asked by: John Redwood (Conservative - Wokingham)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of trends in public sector productivity since 2019.

Answered by Laura Trott - Chief Secretary to the Treasury

ONS publish annual National Statistics on public service productivity up to 2020. The next annual statistic for 2021 will be published on 26 March. ONS also publish estimates of public service productivity which currently include annual estimates for 2021 and 2022 and quarterly estimates up to 2023 Q3. These are official statistics in development.

Treasury: Vacancies
Asked by: Nick Thomas-Symonds (Labour - Torfaen)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many and what proportion of digital roles within his Department were vacant as of 26 February 2024.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

As part of the 2022 to 2025 roadmap for digital and data, all departments made a commitment to reduce their digital and data vacancies to under 10% of total Government Digital and Data headcount by 2025

This is to drive modernisation and digitisation in Government, improving public services for the British people and saving taxpayer money

Overall good progress has been made, with total vacancies now at 15%

The Digital and Data Profession Capability Framework, defining the scope of the digital and data profession, outlines capability standards for roles and skills in the profession. It enables professionals, line managers and hiring managers to have a common understanding of roles and provides a strong foundation for recruitment

In our latest assessment in October 2023, we had 11 vacancies which is 13% of Digital roles in HM Treasury.

Banks: Taxation
Asked by: Lord Truscott (Non-affiliated - Life peer)
Monday 4th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to implementing a windfall tax on the excess profits of UK banks.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

Banks already face an additional rate of tax on their profits in the form of the Bank Corporation Tax Surcharge – meaning they pay 3 percentage points more on their profits (28%) than most other businesses (25%). This is in addition to a charge on the largest banks’ balance sheets in the form of the Bank Levy.

Northern Ireland Executive: Finance
Asked by: Lord Weir of Ballyholme (Democratic Unionist Party - Life peer)
Monday 4th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the warning from the Northern Ireland Fiscal Council that Stormont will face a financial "cliff-edge" in 2026 when money from the Government support package runs out.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The UK Government is providing the Northern Ireland Executive with a significant funding settlement of over £3.3 billion. This will support the Executive to stabilise public finances and public services in Northern Ireland.

In the longer term, the UK Government has committed to open discussions on a new fiscal framework for Northern Ireland and to introduce a new needs-based factor which will provide a 24% uplift on future Barnett consequentials for the Northern Ireland Executive from 2024-25.

Revenue and Customs: Telephone Services
Asked by: Priti Patel (Conservative - Witham)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the performance of HMRC in answering telephone enquiries.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

HMRC takes the quality of customer service very seriously.

HMRC is making strong progress improving its customer services, with a focus on encouraging people to deal with them online where they can, by providing quicker, easier and always available digital services.

HMRC performance, including adviser attempts handled and average speed to answer calls, are published on a quarterly basis and can be accessed at: https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates

Voluntary Organisations: VAT Exemptions
Asked by: Ben Bradshaw (Labour - Exeter)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made with Cabinet colleagues of the potential merits of making not-for-profit organisations that provide welfare services VAT exempt.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to most goods and services. Whilst there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations.

Welfare services provided by local authorities and similar bodies and charities are exempt from VAT, meaning no VAT is charged to the final consumer.

Welfare services provided by state regulated private welfare organisations are also exempt from VAT. State regulated suppliers are those that are registered with the Care Quality Commission, and are eligible for the VAT exemption where they are providing services that are state regulated.

The regulation requirement ensures that VAT relief is limited to providers certified as offering safe and high-quality welfare services. This is a long-standing requirement, and there are no plans to make changes to these rules.

Voluntary Organisations: VAT
Asked by: Simon Jupp (Conservative - East Devon)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will exempt not for profit organisations delivering welfare services for people living with dementia from VAT.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to most goods and services. Whilst there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations.

Welfare services for people living with dementia provided by local authorities and similar bodies and charities are exempt from VAT, meaning no VAT is charged to the final consumer.

Welfare services for people living with dementia, provided by state regulated private welfare organisations, are also exempt from VAT. State regulated suppliers are those that are registered with the Care Quality Commission, and are eligible for the VAT exemption where they are providing services that are state regulated.

The regulation requirement ensures that VAT relief is limited to providers certified as offering safe and high-quality welfare services. This is a long-standing requirement, and there are no plans to make changes to these rules.

Tax Avoidance: Convictions
Asked by: Margaret Hodge (Labour - Barking)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people have been convicted of offences relating to arrangements which have been marketed as tax avoidance since the formation of HMRC's Fraud Investigation Service on 1 April 2016.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

Promotion or operation of mass marketed tax avoidance schemes is not in, or of itself, a criminal offence. However, there are a range of offences which might be committed by those who promote tax avoidance schemes or advise on their use.

Since the formation of HMRC’s Fraud Investigation Service on 1 April 2016, more than 20 individuals have been convicted for offences relating to arrangements which have been promoted and marketed as tax avoidance. These have resulted in over 100 years of custodial sentences and 9 years of suspended sentences being ordered, the majority of which relate to promoters.

Prosecutions are only one type of intervention available to HMRC where they identify concerns.

Beer and Cider: Tax Allowances
Asked by: Navendu Mishra (Labour - Stockport)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 16 February 2024 to Question 14382 on Beer and Cider: Tax Allowances, whether he has made an assessment of the potential impact of the rules relating to off-site consumption of products covered by Draught Relief on the volume of beer and cider wasted at (a) beer and cider festivals and (b) community pubs.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Government engaged extensively with external stakeholders as part of the development and delivery process for the new alcohol duty system, including in relation to Draught Relief.

HMRC has published guidance explaining the changes, including in relation to Draught Relief, and ran 3 webinars for businesses - a recording of the webinar is available at: HMRC email updates, videos and webinars for Alcohol Duty - GOV.UK (www.gov.uk). HMRC has also worked with trade associations to ensure they share the guidance with their members.

HMRC has also published a tax information and impact note setting out the impact of the measure, which can be found here: https://www.gov.uk/government/publications/reform-of-the-alcohol-duty-system/reform-of-alcohol-duty-rates-and-reliefs#summary-of-impacts

The Government will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023.

Beer and Cider: Tax Allowances
Asked by: Navendu Mishra (Labour - Stockport)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 February to Question 14382 on Beer and Cider: Tax Allowances, what steps he has taken to raise awareness of the change in rules on takeaway draught sales for (a) beer and cider festivals and (b) community pubs.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Government engaged extensively with external stakeholders as part of the development and delivery process for the new alcohol duty system, including in relation to Draught Relief.

HMRC has published guidance explaining the changes, including in relation to Draught Relief, and ran 3 webinars for businesses - a recording of the webinar is available at: HMRC email updates, videos and webinars for Alcohol Duty - GOV.UK (www.gov.uk). HMRC has also worked with trade associations to ensure they share the guidance with their members.

HMRC has also published a tax information and impact note setting out the impact of the measure, which can be found here: https://www.gov.uk/government/publications/reform-of-the-alcohol-duty-system/reform-of-alcohol-duty-rates-and-reliefs#summary-of-impacts

The Government will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023.

Self-employed: Taxation
Asked by: Patricia Gibson (Scottish National Party - North Ayrshire and Arran)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of paying tax in advance via HMRC's system of payments on account on (a) small business owners, (b) freelancers and (c) other self-employed people.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

There has been no recent assessment of the impact of requiring payments on accounts (POAs) from self-employed workers.

POAs have been a feature of Self-Assessment since its introduction in 1996. They are legally due and, despite their name, are not payable before income has been earned. There are two equal payments on account six months apart. The first is payable on 31 January, ten months after the beginning of the tax year to which it relates. The second is payable on the following 31 July, four months after the tax year ends.

POAs create a flow of revenue to the Treasury to fund public services. They allow Self-Assessment taxpayers to spread the cost of their tax bill rather than paying in a single lump sum. They also limit any timing advantage gained by Self-Assessment taxpayers compared to other taxpayers, such as employees whose tax is deducted from their pay.

Self-Assessment taxpayers (including the self-employed) can make a claim to reduce or cancel their payments on account if they think they are excessive, or no longer due.

Tax Avoidance
Asked by: Janet Daby (Labour - Lewisham East)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the number of people who have been affected by the loan charge.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

In September 2023, HM Revenue and Customs published an updated issue briefing on disguised remuneration and the loan charge. The issue briefing contains information at UK level and is available on GOV.UK here:

https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-settling-disguised-remuneration-scheme-use-andor-paying-the-loan-charge#customers-subject-to-the-loan-charge

Income Tax
Asked by: Priti Patel (Conservative - Witham)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the introduction of the Pillar 2 OECD global minimum income tax on the UK economy.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

Pillar 2 will protect the UK tax base against aggressive tax planning and reinforce the competitiveness of the UK, boosting the UK’s attractiveness as a place to do business, and raising over £12bn in the UK over the next 6 years.
Wines: Excise Duties
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the impact of raising wine duty on revenue raised by his Department.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Government will make and announce any alcohol decisions at Spring Budget 2024. Duty freezes to alcohol duty over the last decade have amounted to a total tax cut of £12.9 billion to the alcohol industry, including the duty freeze up to 1 August 2024 announced at Autumn Statement 2023.

Before Autumn Statement 2023, since ending the duty escalator for wine in 2013, the wine industry has benefitted from cuts or freezes to wine duty at four out of the last nine fiscal events.

The latest receipts for alcohol duty including wine duty can be found at the following link:

Alcohol Bulletin commentary (November 2023 to January 2024) - GOV.UK (www.gov.uk)

Wines: Excise Duties
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to reduce excise duty on wine.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Government will make and announce any alcohol decisions at Spring Budget 2024. Duty freezes to alcohol duty over the last decade have amounted to a total tax cut of £12.9 billion to the alcohol industry, including the duty freeze up to 1 August 2024 announced at Autumn Statement 2023.

Before Autumn Statement 2023, since ending the duty escalator for wine in 2013, the wine industry has benefitted from cuts or freezes to wine duty at four out of the last nine fiscal events.

The latest receipts for alcohol duty including wine duty can be found at the following link:

Alcohol Bulletin commentary (November 2023 to January 2024) - GOV.UK (www.gov.uk)

Wines: Excise Duties
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of making the easement for levying wine duty permanent.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

As part of the new alcohol duty system, the Government introduced a wine easement for 18 months which will last until February 2025. During this period, all wine between 11.5-14.5% alcohol by volume (ABV) will pay duty as if it were 12.5% ABV. This gives the wine industry over two years to adapt to the new system.

The Government is closely monitoring the impact of the recent reforms and will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023. This will allow time to understand the impacts on the alcohol market, and for HMRC to gather useful and accurate data with which to evaluate the effects of the reform.

As with all taxes, the Government keeps the alcohol duty system under review during its yearly Budget process.

Income Tax: Tax Rates and Bands
Asked by: John McDonnell (Labour - Hayes and Harlington)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on (a) economic growth and (b) inequality of introducing a higher earners minimum tax rate of 35% for people earning over £100,000 a year.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government is committed to a fair tax system in which those with the most contribute the most. The income tax system is highly progressive, with different rates of tax sitting above an internationally high Personal Allowance.

The Government keeps tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.

Arms Length Bodies: Annual Reports and Finance
Asked by: John Redwood (Conservative - Wokingham)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what ministerial involvement there is in (a) setting budgets, (b) preparing annual reports and (c) approving annual reports for arms length public bodies.

Answered by Laura Trott - Chief Secretary to the Treasury

How budgets are set and the process for preparing and approving annual reports for arm’s length bodies (ALBs) are dependent on their classification status and their source of income.

Further information on the reporting requirements for ALBs can be found here: https://assets.publishing.service.gov.uk/media/657b04390467eb001355f84d/MASTER_FINAL_DRAFT_2024-25_FReM___1_.pdf Further information on the accounting process for each type of ALB can be found here: https://assets.publishing.service.gov.uk/media/5a74d700e5274a59fa715592/Classification-of-Public_Bodies-Guidance-for-Departments.pdf

Fraud: Self-assessment
Asked by: Martyn Day (Scottish National Party - Linlithgow and East Falkirk)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effectiveness of the support offered by HMRC to self-assessment customers who have been victims of scams by people impersonating HMRC.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The HMRC Customer Protection Team is responsible for reporting known cases, requesting removal of suspicious websites, and raising awareness among the general public of how to identify scams and avoid becoming victims of fraud. HMRC’s Fraud Investigation Service (FIS) is responsible for the department’s civil and criminal investigations into the most serious fraud and wrongdoing. FIS ensures that HMRC has an effective approach to tackling the most serious tax evasion and fraud.

HMRC encourages customers to report scams through reporting mechanisms directly to HMRC or through Action Fraud.

The channels through which suspicious activity can be reported to HMRC are:

Suspicious emails – phishing@hmrc.gov.uk

Suspicious text – 60599

Suspicious phone calls – Report suspicious HMRC emails, text messages and phone calls - GOV.UK (www.gov.uk)

Self-employed: Taxation
Asked by: Patricia Gibson (Scottish National Party - North Ayrshire and Arran)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to undertake a review of HMRC's payments on account system.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

At present the Government has no plans to undertake a review of HMRC’s Payments on Account (POAs) system for Self-Assessment.

Revenue and Customs: Equality
Asked by: Neil O'Brien (Conservative - Harborough)
Monday 4th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many staff in HMRC have job titles which include the words (a) equality, (b) diversity, (c) inclusion, (d) gender, (e) LGBT and (f) race.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government is auditing the cost-effectiveness of all activities that support the equality, diversity and inclusion (EDI) of the workforce, through the review of EDI spending announced last June.

As stated in the Autumn Statement by the Chancellor of the Exchequer, the Minister for Cabinet Office will be outlining the final proposals in response to the review in due course.

Inflation: Consumers
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to mitigate the impact of high inflation on consumers.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The government has delivered on the Prime Minister’s pledge to halve inflation, which is has fallen from 11.1% to 4.0%. The Bank of England’s latest forecast expects inflation to return to target in Q2 2024.

Over the last two years, the Government has provided one of the largest support packages in Europe. Taken together, total support over 2022-25 to help households with the high cost of living will be £104 billion – an average of £3,700 per UK household. This has helped to protect households, and the economy, from the impact of high inflation.

High inflation holds back growth, which is why alongside remaining steadfast in support for the independent Monetary Policy Committee of the Bank of England, as it acts to return inflation sustainably to the 2% target, the government has taken tough decisions to keep borrowing under control and introduced ambitious supply-side measures to support non-inflationary growth, including delivering full expensing and boosting the labour supply

Wealth
Asked by: Lord Kamall (Conservative - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of the changes to the tax thresholds for Financial Promotion exemption, especially the impact on female-led start-ups, including those who rely on small investments from female angel-investors.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022.

However, the Government recognises the significant concerns that have been raised recently about these changes. The Economic Secretary met recently with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised.

Mortgages
Asked by: Lord Reid of Cardowan (Labour - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government whether they have undertaken an impact assessment on the effects of any scheme to provide 99 per cent mortgages on the housing market.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.

Timesharing: Misrepresentation
Asked by: Charlotte Nichols (Labour - Warrington North)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what his expected timetable is for all clients who were mis-sold timeshares between 2014 and 2021 to receive compensation.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

In cases where a consumer took out a regulated financial product to purchase a timeshare, they may be able to make a compensation claim to the loan provider and may have recourse to Financial Ombudsman Service (FOS) if the product was mis-sold.

The FOS is an independent non-governmental body established to provide consumers and small businesses with a free, independent service that enables the proportionate, prompt and informal resolution of disputes with financial services firms. Although the Treasury sets the legal framework for the regulation of financial services, it has no investigative powers of its own and cannot intervene in individual cases.

The Financial Conduct Authority (FCA) Handbook, which sets out the rules on how the FOS should handle complaints, states that ‘the ombudsman will attempt to resolve complaints at the earliest possible stage’.  Ensuring timely outcomes is one of the FOS’s main priorities for 2024-25 and it has set itself the target of resolving 90 per cent of cases within 5 months.

Timesharing: Misrepresentation
Asked by: Charlotte Nichols (Labour - Warrington North)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department has taken to ensure the Financial Ombudsman Service tackle mis-sold timeshare complaints between 2014 and 2021.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

In cases where a consumer took out a regulated financial product to purchase a timeshare, they may be able to make a compensation claim to the loan provider and may have recourse to Financial Ombudsman Service (FOS) if the product was mis-sold.

The FOS is an independent non-governmental body established to provide consumers and small businesses with a free, independent service that enables the proportionate, prompt and informal resolution of disputes with financial services firms. Although the Treasury sets the legal framework for the regulation of financial services, it has no investigative powers of its own and cannot intervene in individual cases.

The Financial Conduct Authority (FCA) Handbook, which sets out the rules on how the FOS should handle complaints, states that ‘the ombudsman will attempt to resolve complaints at the earliest possible stage’.  Ensuring timely outcomes is one of the FOS’s main priorities for 2024-25 and it has set itself the target of resolving 90 per cent of cases within 5 months.

Wealth: Ethnic Groups and Women
Asked by: Stephen Morgan (Labour - Portsmouth South)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department plans to take to ensure that (a) women and (b) ethnic minority individuals are not disproportionately affected by changes to the Financial Promotion Order exemptions for high-net-worth individuals and sophisticated investors.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022.

However, the Government recognises the significant concerns that have been raised recently about these changes. I met recently with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised

Mortgages
Asked by: Lord Reid of Cardowan (Labour - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what plans they have to introduce a scheme providing for 99 per cent mortgages.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.

Economic Growth and Productivity
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what plans they have to promote economic growth and productivity whilst supporting monetary policy objectives.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The government has pursued an ambitious policy agenda to boost growth and productivity whilst maintaining fiscal discipline to avoid adding to inflation. High inflation is not conducive to growth, so the government is continuing to support the independent Monetary Policy Committee as it acts to return inflation to the 2% target.

The Government is promoting growth and productivity through:

  • The new £2.5bn Back to Work Plan will expand employment support for the long-term sick and disabled, and the long-term unemployed.
  • Making Full Expensing permanent ensuring we have one of the most generous capital allowances regimes in the world;
  • Removing barriers to investment in critical infrastructure by reforming our inefficient planning system; and
  • Making £4.5bn available for strategic manufacturing sectors over the five years to 2030.
Wealth
Asked by: Stephen Morgan (Labour - Portsmouth South)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has undertaken a gender equality impact assessment of the reforms to the Financial Promotion Order exemptions for high-net-worth individuals and sophisticated investors.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022.

However, the Government recognises the significant concerns that have been raised recently about these changes. I met recently with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised

Revenue and Customs: Finance
Asked by: John McDonnell (Labour - Hayes and Harlington)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an (a) estimate of the potential costs and (b) assessment of the potential merits of increasing funding for HMRC's compliance functions.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The government regularly reviews the levels of funding provided to HMRC.

The government is committed to tackling tax avoidance, evasion and all other forms of non-compliance. The UK’s tax gap is at an all time low at 4.8 per cent of theoretical tax liabilities in 2021-22, down from 7.5 per-cent in 2005-06. It is amongst the lowest worldwide.

Sanctions: Russia
Asked by: Lord Alton of Liverpool (Crossbench - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government whether they are taking steps through the Financial Action Task Force against Russia for violating sanctions on North Korea.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

On 23 February, the Financial Action Task Force (FATF) expressed its concern about the growing financial connectivity of Russia with countries subject to countermeasures, namely North Korea and Iran, and the potential risks of proliferation financing, malicious cyber activities and ransomware attacks.

The UK’s recent joint statement (12 January 2024) is clear that Russia’s procurement of North Korean ballistic missiles and their use against Ukraine violate multiple UNSCRs. Actively facilitating the circumvention of UNSCR 1718 and violating its prohibitions undermines the global fight against proliferation, the UN sanctions regime, and consequently the financial sanctions requirements of the FATF standards. The UK will continue to call out Russia’s violation of UNSCRs both at the UN and within the FATF.

Food: Prices
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of recent data from the British Retail Consortium which found that food inflation in February was at its lowest rate in almost two years; and what assessment they have made of the impact this will have on consumer confidence.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

Consumer confidence has strengthened considerably over the past year. The February 2024 release indicated that consumer confidence was 17 points stronger than in February 2023.

Consumer confidence is intrinsically linked to inflation, household finances and the broader economic outlook. To sustain consumer confidence, consumers need to feel assured that their government is taking the long-term decisions necessary to strengthen the economy and build a brighter future.

The plan is working, headline inflation has fallen from 11.1% to 4.0%. The Government notes the recent data from the British Retail Consortium.

Bank Services: Small Businesses
Asked by: Priti Patel (Conservative - Witham)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to protect small businesses from being de-banked.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Government recognises the vital role SMEs play in fuelling economic growth, and it is important they can access the banking services they need. However, the decisions about what products are offered to individual businesses remain commercial decisions for banks and building societies.

Last year the Chancellor asked the FCA to collect evidence to help the Government understand where account closures and refusals are happening and why. The FCA published their initial findings on 19 September, and are doing further work with firms to verify the data and to better understand the reasons behind account refusals. In addition, the Treasury is continuing to engage with industry to understand any existing or emerging issues regarding bank account access for businesses.

On 21 July, the Government published a policy statement setting out its plans to strengthen requirements relating to users’ payment service framework contract terminations. This will increase the minimum notice period in cases of contract termination to 90 days – giving customers more time to challenge a decision through the Financial Ombudsman Service, or find a replacement service. Providers will also be required to spell out to the affected customer why they are terminating their contract – increasing transparency and aiding customers’ ability to appeal decisions. Both requirements will be subject to certain exceptions, including if to do so would be unlawful.

Seas and Oceans: Taxation
Asked by: Priti Patel (Conservative - Witham)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the future revenue to the Exchequer from the lease of the seabed by the Crown Estate for offshore wind farms.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Crown Estate returns its Annual Net Revenue Profit to the Exchequer for the benefit of the nation’s finances. The Crown Estate’s Net Revenue Profit for 2022-23 was £442.6 million (as noted on page 116 of its 2022-2023 annual report).

Like any commercial business, The Crown Estate does not provide forecasts of its future profits.

Treasury: Press
Asked by: Nick Thomas-Symonds (Labour - Torfaen)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what subscriptions to (a) newspapers, (b) magazines and (c) online journals his Department has paid for in each of the last three financial years.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

HMT’s expenditure on these areas is published as part of the departments on-going support of the transparency reporting programme. These can be viewed using the links below.

https://www.gov.uk/government/collections/gpc-spend

https://www.gov.uk/government/collections/25000-spend

https://www.gov.uk/contracts-finder

Blood: Contamination
Asked by: Diana Johnson (Labour - Kingston upon Hull North)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will allocate funds to compensate victims of the infected blood scandal in the forthcoming Budget.

Answered by Laura Trott - Chief Secretary to the Treasury

The Chancellor will set out his Budget on 6 March.

The Government has accepted the moral case for compensation and acknowledged that justice needs to be delivered for the victims. The Government will respond to the Inquiry's recommendations following the publication of the final report in May.

Money Laundering: Prosecutions
Asked by: Margaret Hodge (Labour - Barking)
Monday 11th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many prosecutions for money laundering offences HM Revenue and Customs have brought against individuals in each year since 2013; and how many of those prosecutions resulted in a conviction in each of those years.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

HMRC takes a flexible and dynamic resourcing approach to criminally investigating suspected tax crimes and associated money laundering. While HMRC is not a prosecuting authority, we prepare the cases to the highest evidential standard and pass the case to the relevant independent prosecuting authority to decide if the case satisfies the two-stage test for prosecution.

The following is aggregate data for HMRC’s investigations, since 2013 that resulted in a prosecution and conviction for either money laundering offences as set out in Part 7 of the Proceeds of Crime Act 2002, or prosecutable breaches of supervisory requirement in various versions of the Money Laundering Regulations.

Year

No. of positive charging decisions[2]

No. of convictions[3]

2012-13

23

10

2013-14

33

33

2014-15

30

17

2015-16

65

32

2016-17

29

35

2017-18

80

18

2018-19

69

32

2019-20

25

31

2020-21

22

19

2021-22

19

24

2022-23

34

32

To note, criminal investigations can take considerable time to progress and can conclude in a year other than the one in which they are opened. As such there is no direct correlation between yearly figures presented in the table.

[2]cases where the prosecuting authority has agreed to a money laundering or money laundering regulations charge against defendants.

[3] successfully concluded criminal investigations.

Pensions: British National (Overseas)
Asked by: Gregory Campbell (Democratic Unionist Party - East Londonderry)
Monday 11th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with his Chinese counterparts on access to pensions held by the Mandatory Provident Fund in Hong Kong for people with British National (Overseas) status.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

We are aware that individuals who have chosen to take up the British Nationals (Overseas) Visa (BN(O)) route are having difficulties in accessing their pensions held in the Hong Kong Mandatory Provident Funds (MPF).

We continue to urge the Hong Kong authorities to facilitate early drawdown of funds as is the case for other Hong Kong residents who move overseas permanently. The Minister for Indo-Pacific, Anne-Marie Trevelyan, raised this issue with the Hong Kong Secretary for Financial Services and the Treasury on 18 April 2023 and pressed for a pragmatic solution. The Investment Minister, Lord Johnson, raised the matter with Hong Kong's Commercial Secretary, during his visit to Hong Kong in May 2023.

Treasury: WhatsApp
Asked by: Nick Thomas-Symonds (Labour - Torfaen)
Monday 11th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance his Department issues on the use of WhatsApp.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Department follows the Cabinet Office policy on non-corporate communication channels for Government business https://www.gov.uk/government/publications/non-corporate-communication-channels-for-government-business

Food: Prices
Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Monday 11th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the potential impact of climate change on food price inflation.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The UK government has set ambitious carbon budgets and net zero targets to play our part in reducing emissions and the subsequent impact that climate change will have across the economy.

Tax Avoidance: Fixed Penalties
Asked by: Margaret Hodge (Labour - Barking)
Wednesday 6th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many penalties have been issued by HMRC against UK-based entities that facilitate tax avoidance schemes involving non-resident promoters since the coming into force of schedule 13 of the Finance Act 2022; and what the total value of those penalties is.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

As a result of the action the Government has taken to clamp down on marketed tax avoidance, the estimated tax gap from marketed avoidance sold primarily to individuals has fallen from an estimated £1.5 billion in 2005-06 to £0.5 billion in 2021-22.

The primary purpose of the penalty is to deter UK based entities from acting on behalf of offshore promoters and so make it more difficult for these promoters to sell their schemes in the UK; however, HM Revenue and Customs (HMRC) has a wide-ranging approach to tackling promoters of tax avoidance.

For example, as of 31 December 2023, HMRC has published the names of 59 promoters, 23 directors and details of 64 tax avoidance schemes. Publishing this information supports taxpayers in identifying tax avoidance schemes so they can steer clear of or exit them.

Furthermore, Finance Act 2024 has introduced tougher consequences for promoters of tax avoidance. This includes a new criminal offence to strengthen the deterrent to promoting tax avoidance, making it clear promoters must stop promoting these schemes, and a power enabling HMRC to act more quickly to disqualify directors of companies involved in tax avoidance.

Cost of Living: Parkinson's Disease
Asked by: Taiwo Owatemi (Labour - Coventry North West)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the recommendations in the report entitled Still nowhere near enough, published by Parkinson’s UK on 26 February 2024.

Answered by Laura Trott - Chief Secretary to the Treasury

HM Treasury ministers have regular discussions with Department for Health and Social Care ministers on a range of issues, including meetings between the Chancellor and the Secretary of State


The Government delivers a wide range of support to help those with disabilities and long-term health conditions, such as Parkinson’s. If individuals incur extra costs whilst performing tasks associated with daily living, then they may qualify for disability benefits such as Personal Independence Payment (PIP) and Attendance Allowance (AA). This extra support can be worth over £8,900 per year and is due to increase from April by 6.7%. Depending on their needs, additional support for those with Parkinson’s may be available via local authorities who deliver adult social care services.

Cost of Living: Chronic Illnesses
Asked by: Taiwo Owatemi (Labour - Coventry North West)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Health and Social Care on the potential impact of increases in the cost of living on the health of people with (a) Parkinson’s and (b) other long-term conditions.

Answered by Laura Trott - Chief Secretary to the Treasury

HM Treasury ministers have regular discussions with Department for Health and Social Care ministers on a range of issues, including meetings between the Chancellor and the Secretary of State


The Government delivers a wide range of support to help those with disabilities and long-term health conditions, such as Parkinson’s. If individuals incur extra costs whilst performing tasks associated with daily living, then they may qualify for disability benefits such as Personal Independence Payment (PIP) and Attendance Allowance (AA). This extra support can be worth over £8,900 per year and is due to increase from April by 6.7%. Depending on their needs, additional support for those with Parkinson’s may be available via local authorities who deliver adult social care services.

Chronic Illnesses: Government Assistance
Asked by: Taiwo Owatemi (Labour - Coventry North West)
Tuesday 5th March 2024

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to support people with (a) Parkinson's and (b) other long-term conditions to cover everyday expenses.

Answered by Laura Trott - Chief Secretary to the Treasury

HM Treasury ministers have regular discussions with Department for Health and Social Care ministers on a range of issues, including meetings between the Chancellor and the Secretary of State


The Government delivers a wide range of support to help those with disabilities and long-term health conditions, such as Parkinson’s. If individuals incur extra costs whilst performing tasks associated with daily living, then they may qualify for disability benefits such as Personal Independence Payment (PIP) and Attendance Allowance (AA). This extra support can be worth over £8,900 per year and is due to increase from April by 6.7%. Depending on their needs, additional support for those with Parkinson’s may be available via local authorities who deliver adult social care services.



Department Publications - News and Communications
Monday 4th March 2024
HM Treasury
Source Page: AustralianSuper announces £8 billion investment in the UK
Document: AustralianSuper announces £8 billion investment in the UK (webpage)
Thursday 7th March 2024
HM Treasury
Source Page: Chancellor delivers ‘Budget for Long-Term Growth’ in Wales
Document: Chancellor delivers ‘Budget for Long-Term Growth’ in Wales (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Chancellor delivers lower taxes, more investment and better public services in ‘Budget for Long Term Growth’
Document: Chancellor delivers lower taxes, more investment and better public services in ‘Budget for Long Term Growth’ (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: AstraZeneca plans £650 million investment in UK
Document: AstraZeneca plans £650 million investment in UK (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Chancellor delivers ‘Budget for Long-Term Growth’ in Northern Ireland
Document: Chancellor delivers ‘Budget for Long-Term Growth’ in Northern Ireland (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024 speech
Document: Spring Budget 2024 speech (webpage)


Department Publications - Research
Tuesday 5th March 2024
HM Treasury
Source Page: UK official holdings of international reserves: February 2024
Document: UK official holdings of international reserves: February 2024 (PDF)
Tuesday 5th March 2024
HM Treasury
Source Page: UK official holdings of international reserves: February 2024
Document: UK official holdings of international reserves: February 2024 (webpage)
Friday 8th March 2024
HM Treasury
Source Page: GDP deflators at market prices, and money GDP March 2024 (Budget 2024)
Document: GDP deflators at market prices, and money GDP March 2024 (Budget 2024) (webpage)
Friday 8th March 2024
HM Treasury
Source Page: GDP deflators at market prices, and money GDP March 2024 (Budget 2024)
Document: (Excel)


Department Publications - Policy and Engagement
Thursday 7th March 2024
HM Treasury
Source Page: Changes to the taxation of non-UK domiciled individuals
Document: Changes to the taxation of non-UK domiciled individuals (webpage)
Wednesday 13th March 2024
HM Treasury
Source Page: British Council framework document
Document: British Council framework document (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: British Council framework document
Document: British Council framework document (webpage)
Monday 11th March 2024
HM Treasury
Source Page: Improving the effectiveness of the Money Laundering Regulations
Document: Improving the effectiveness of the Money Laundering Regulations (PDF)
Monday 11th March 2024
HM Treasury
Source Page: Improving the effectiveness of the Money Laundering Regulations
Document: Improving the effectiveness of the Money Laundering Regulations (webpage)


Department Publications - Guidance
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: November 2023
Document: Preston guidance: November 2023 (webpage)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: January 2024
Document: Preston guidance: January 2024 (webpage)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: December 2023
Document: (Excel)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: December 2023
Document: Preston guidance: December 2023 (webpage)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: January 2024
Document: (Excel)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: November 2023
Document: (Excel)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: January 2024
Document: (Excel)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: November 2023
Document: (Excel)
Thursday 7th March 2024
HM Treasury
Source Page: Preston guidance: December 2023
Document: (Excel)
Wednesday 6th March 2024
HM Treasury
Source Page: NatWest Retail Offer
Document: NatWest Retail Offer (webpage)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2660772
Document: Publication Notice: Oil Price Cap General Licence INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156, INT/2023/2660772 and INT/2023/3074680 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2660772
Document: Oil Price Cap General Licence INT/2022/2660772 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2469656
Document: OFSI General Licence INT/2022/2469656 (webpage)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2469656
Document: Oil Price Cap General Licence INT/2022/2469656 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2469656
Document: Publication Notice: Oil Price Cap General Licence INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156, INT/2023/2660772 and INT/2023/3074680 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2470256
Document: Publication Notice: Oil Price Cap General Licence INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156, INT/2023/2660772 and INT/2023/3074680 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2660772
Document: OFSI General Licence INT/2022/2660772 (webpage)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2470256
Document: Oil Price Cap General Licence INT/2022/2470256 (PDF)
Wednesday 13th March 2024
HM Treasury
Source Page: OFSI General Licence INT/2022/2470256
Document: OFSI General Licence INT/2022/2470256 (webpage)
Monday 11th March 2024
HM Treasury
Source Page: Debt Fairness Charter
Document: Debt Fairness Charter (webpage)
Monday 11th March 2024
HM Treasury
Source Page: Debt Fairness Charter
Document: Debt Fairness Charter (PDF)


Department Publications - Policy paper
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Spring Budget 2024 (web) (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Spring Budget 2024 (print) (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Spring Budget 2024: Data Sources (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: (Excel)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: (Excel)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Impact on households: distributional analysis to accompany Spring Budget 2024 (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Spring Budget 2024: Policy Costings (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Spring Budget 2024
Document: Spring Budget 2024 (webpage)
Tuesday 12th March 2024
HM Treasury
Source Page: The Payment Services (Amendment) Regulations 2024 – policy note
Document: The Payment Services (Amendment) Regulations 2024 - Delaying payments processing when there are reasonable grounds to suspect fraud or dishonesty (PDF)
Tuesday 12th March 2024
HM Treasury
Source Page: The Payment Services (Amendment) Regulations 2024 – policy note
Document: Draft SI The Payment Services (Amendment) Regulations 2024 (PDF)
Tuesday 12th March 2024
HM Treasury
Source Page: The Payment Services (Amendment) Regulations 2024 – policy note
Document: The Payment Services (Amendment) Regulations 2024 – policy note (webpage)


Department Publications - Transparency
Wednesday 6th March 2024
HM Treasury
Source Page: Debt Management Report 2024-25
Document: Debt Management Report 2024-25 (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Debt Management Report 2024-25
Document: Debt Management Report 2024-25 (webpage)


Department Publications - Consultations
Wednesday 6th March 2024
HM Treasury
Source Page: UK ISA consultation
Document: UK ISA consultation (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Vaping Products Duty consultation
Document: Vaping Products Duty Consultation (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Vaping Products Duty consultation
Document: Consultation Response (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Vaping Products Duty consultation
Document: response form (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: UK ISA consultation
Document: UK ISA: Consultation (PDF)
Wednesday 6th March 2024
HM Treasury
Source Page: Vaping Products Duty consultation
Document: Vaping Products Duty consultation (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Private Intermittent Securities and Capital Exchange System (PISCES): Consultation
Document: Private Intermittent Securities and Capital Exchange System (PISCES): Consultation (webpage)
Wednesday 6th March 2024
HM Treasury
Source Page: Private Intermittent Securities and Capital Exchange System (PISCES): Consultation
Document: Private Intermittent Securities and Capital Exchange System (PISCES): Consultation (PDF)



HM Treasury mentioned

Calendar
Tuesday 19th March 2024 3 p.m.
Economic Affairs Committee - Oral evidence
Subject: Chancellor’s Annual Scrutiny Session for 2023-2024
At 3:00pm: Oral evidence
Rt Hon Jeremy Hunt MP - Chancellor of the Exchequer at HM Treasury
View calendar
Wednesday 13th March 2024 9 a.m.
Home Affairs Committee - Oral evidence
Subject: Fraud
At 9:30am: Oral evidence
Mark Cheeseman OBE - Chief Executive at Public Sector Fraud Authority
Nick Ephgrave QPM - Director at Serious Fraud Office
Simon Fell MP - Prime Minister's Anti-Fraud Champion at Home Office
At 10:30am: Oral evidence
Rt Hon Tom Tugendhat MP - Minister for Security at Home Office
The Baroness Vere of Norbiton - Parliamentary Secretary at HM Treasury
Duncan Tessier - Director of Economic Crime at Home Office
View calendar
Tuesday 12th March 2024 3 p.m.
Economic Affairs Committee - Oral evidence
Subject: How sustainable is our national debt?
At 3:00pm: Oral evidence
Bim Afolami MP - Economic Secretary at HM Treasury
Ruth Curtice - Director for Fiscal Group at HM Treasury
At 4:15pm: Oral evidence
Sir Robert Stheeman - Chief Executive Officer at Debt Management Office
View calendar


Select Committee Documents
Wednesday 13th March 2024
Estimate memoranda - Wales Office Supplementary Estimate Memorandum 2023–24

Welsh Affairs Committee

Found: for support to the Tata Steel / Port Talbot Transition Board. 3 • -£0.027m - Budget transfer to HM

Wednesday 13th March 2024
Written Evidence - SME Business Efficiency Identification and Delivery
DHSC0002 - DHSC Annual Report & Accounts 2022-23

Public Accounts Committee

Found: The 3 pages are a summary of a Strategic Outline Case (to HM Treasury 5 case model standard) which

Wednesday 13th March 2024
Correspondence - Letter from the Chair to the Permanent Secretary regarding the Committee’s inquiry on the Departmental Annual Report and Accounts 2023-24, dated 01 March 2024

Levelling Up, Housing and Communities Committee

Found: Treasury ’s own publication of the Supplementary Estimates 2023 -24.

Wednesday 13th March 2024
Correspondence - Letter from the Permanent Secretary regarding asylum expenditure, dated 6 March 2024

Home Affairs Committee

Found: At the start of the year, HMT and we recognised that asylum spending would exceed the S pending Review

Wednesday 13th March 2024
Report - Twentieth Report - Monitoring and responding to companies in distress

Public Accounts Committee

Found: HM Treasury monitors the health and resilience of the corporate sector as a whole and the Department

Tuesday 12th March 2024
Written Evidence - Bedford For a Re-Consultation (BFARe)
STO0073 - Strategic transport objectives

Strategic transport objectives - Transport Committee

Found: visible to the tax payer. b.The National Audit Office report on EWR revealed the existence of an HM

Tuesday 12th March 2024
Written Evidence - UCL Institute for Innovation and Public Purpose (IIPP), and DR JOSH RYAN-COLLINS
SND0043 - How sustainable is our national debt?

How sustainable is our national debt? - Economic Affairs Committee

Found: which the state effectively owes the debt to itself (interest payments to the Bank of England by HM

Tuesday 12th March 2024
Written Evidence - The 99% Organisation -- a voluntary organisation aiming to reverse mass impoverishment in the UK
SND0029 - How sustainable is our national debt?

How sustainable is our national debt? - Economic Affairs Committee

Found: (HM Treasury, 2021). 5 (Bank of England, 2024) 6 (Bank of England, 2024)Figure 4: Consistency (Y/N

Tuesday 12th March 2024
Written Evidence - The Gower Initiative for Modern Money Studies
SND0019 - How sustainable is our national debt?

How sustainable is our national debt? - Economic Affairs Committee

Found: Once Parliament has passed legislation, HM Treasury makes funds available to government departments

Tuesday 12th March 2024
Written Evidence - The Council for Licensed Conveyancers (CLC)
PRO0088 - Probate

Probate - Justice Committee

Found: Group (JMLSG) Guidance, produced by and for the financial services sector and reviewed by HM

Tuesday 12th March 2024
Correspondence - Letter from the Minister for Enterprise, Markets and Small Business relating to the Economic Crime and Corporate Transparency Act, 6 March 2024

Business and Trade Committee

Found: While the Home Office and HM Treasury lead the policy response to economic crime across Government

Tuesday 12th March 2024
Estimate memoranda - Supplementary Estimates Memoranda 2023-24 - PHSO

Public Administration and Constitutional Affairs Committee

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM

Monday 11th March 2024
Correspondence - Correspondence from Jeremy Pocklington CB, Permanent Secretary, Department for Energy Security and Net Zero, re HMG indemnity to cover a gap in the nuclear third-party liability insurance market for long tail personal injury claims in 2024, dated 29 February 2024

Public Accounts Committee

Found: operators’ premiums for 202 4 were calculated by the Government Actuary’s Department and approved by HM

Monday 11th March 2024
Correspondence - Correspondence from James Bowler CB, Permanent Secretary, HM Treasury, re Senior staff changes at HM Treasury, dated 29 February 2024

Public Accounts Committee

Found: Correspondence from James Bowler CB, Permanent Secretary, HM Treasury, re Senior staff changes at HM

Monday 11th March 2024
Correspondence - Correspondence from Conrad Smewing, Director General Public Spending, HM Treasury, re HMT response to PAC on Local Audit, dated 1 March 2024

Public Accounts Committee

Found: Correspondence from Conrad Smewing, Director General Public Spending, HM Treasury, re HMT response to

Friday 8th March 2024
Formal Minutes - Work and Pensions Committee - Formal Minutes 2023-24 - as at 7 February 2024

Work and Pensions Committee

Found: Economic Secretary to the Treasury, and Laura Webster, Director, Personal Taxes, Welfare and Pensions, HM

Friday 8th March 2024
Government Response - Treasury minutes: Government response to the Committee of Public Accounts on the Third report from Session 2023-24

Public Accounts Committee

Found: PAC recommendation: HM Treasury should write to the committee within three months, listing any other

Friday 8th March 2024
Government Response - Treasury minutes: Government response to the Committee of Public Accounts on the First report from Session 2023-24

Public Accounts Committee

Found: HM Treasury initially provided funding of £3.7 billion for the period to 2024 –25.

Friday 8th March 2024
Government Response - Treasury minutes: Government response to the Committee of Public Accounts on the Eightieth report from Session 2022-23

Public Accounts Committee

Found: MTD’s delivery and budget receives additional scrutiny through HM Treasury checkpoints, HMRC’s internal

Friday 8th March 2024
Report - Nineteenth Report - MoD Equipment Plan 2023–2033

Public Accounts Committee

Found: The MoD has agreed a minimum budget with HM Treasury for its nuclear activities, and it said that it

Thursday 7th March 2024
Formal Minutes - Formal Minutes 2023-24

Public Accounts Committee

Found: Treasury , gave oral evidence.

Thursday 7th March 2024
Estimate memoranda - Supplementary Estimates Memoranda 2023-24 - The Statistics Board

Public Administration and Constitutional Affairs Committee

Found: within all control totals across this period, therefore achieving its financial targets as agreed with HM

Wednesday 6th March 2024
Written Evidence - British Red Cross
GEX0011 - Government resilience: extreme weather

Public Accounts Committee

Found: investment decisions We welcome the NAO’s recommendation for the Cabinet Office, in collaboration with the HM

Wednesday 6th March 2024
Estimate memoranda - Department for Transport Supplementary Estimates Memorandum 2023-24

Transport Committee

Found: In addition, the Department has agreed with HMT to switch £5m from RDEL Programme to Admin due to

Wednesday 6th March 2024
Correspondence - Correspondence from the Chief Executive, Driver and Vehicle Standards Agency related to the backlog of driving tests, dated 28 February, dated 28 February 2024

Transport Committee

Found: at DfT’s Investment Portfolio D irecting Committee, Cabinet Office (CO) and His Majesty’s Treasury (HMT

Wednesday 6th March 2024
Estimate memoranda - Office of Rail and Road Supplementary Estimates Memorandum 2023-24

Transport Committee

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM

Wednesday 6th March 2024
Correspondence - Correspondence with the Minister for Pensions relating to Defined Benefit pension schemes

Work and Pensions Committee

Found: respond to the barriers to improving trustee capability highlighted in the Call for Evidence , DWP and HMT

Wednesday 6th March 2024
Written Evidence - Stop the Arc
STO0072 - Strategic transport objectives

Strategic transport objectives - Transport Committee

Found: HMT have also endorsed this plan in the Autumn Statement. c.The local authorities across Cambridge

Wednesday 6th March 2024
Estimate memoranda - HM Procurator General and Treasury Solicitor Supplementary Estimate Memorandum 2023-24

Justice Committee

Found: website. 3.2 Measures of performance against each priority GLD’s performance measures, agreed with HM

Wednesday 6th March 2024
Estimate memoranda - Department for Science, Innovation and Technology Supplementary Estimates Memoranda 2023-24

Science, Innovation and Technology Committee

Found: Treasury flexibilities for this programme

Wednesday 6th March 2024
Estimate memoranda - Crown Prosecution Service Supplementary Estimates Memorandum 2023-24

Justice Committee

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM

Wednesday 6th March 2024
Estimate memoranda - UK Supreme Court Supplementary Estimates Memorandum 2023-24

Justice Committee

Found: memorandum has been prepare d with reference to guida nce in the Estimates Manual provided by HM

Wednesday 6th March 2024
Estimate memoranda - Ministry of Justice Supplementary Estimate Memorandum 2023-24

Justice Committee

Found: Funding agreed with HM Treasury in advance of the Supplementary Estimate • Resource DEL additions of

Wednesday 6th March 2024
Oral Evidence - England's Economic Heartland, Oxford to Cambridge Science Supercluster Board, and Bedford Borough Council

Strategic transport objectives - Transport Committee

Found: It says, “HM Treasury should lead on establishing a cross-Government shared vision”.

Wednesday 6th March 2024
Correspondence - Key information on the value of the Berne Financial Services Agreement

International Agreements Committee

Found: 2023 sta te of the sector report , authored by the City of London Corporation, in partnership with HM

Tuesday 5th March 2024
Written Evidence - House of Commons Liaison Committee
SSTG0049 - Scrutiny of Strategic Thinking in Government

Scrutiny of Strategic Thinking in Government - Liaison Sub-Committee on Scrutiny of Strategic Thinking in Government

Found: He raised the difficulty of developing strategy across government without getting frustrated by HM

Tuesday 5th March 2024
Written Evidence - The Climate & Environment Hub (C&E), Select Committee Team, House of Commons
SSTG0048 - Scrutiny of Strategic Thinking in Government

Scrutiny of Strategic Thinking in Government - Liaison Sub-Committee on Scrutiny of Strategic Thinking in Government

Found: committees find it difficult to engage His Majesty’s Treasury in scrutiny; this is challenging as HMT

Tuesday 5th March 2024
Correspondence - Letter from the Financial Conduct Authority to the Chair relating to the Overseas Funds Regime, 7 February 2024

Treasury Sub-Committee on Financial Services Regulations

Found: We have been providing technical assistance to HM Treasury with its assessment and will continu e to

Tuesday 5th March 2024
Written Evidence - Torrens University, Adelaide, Australia and Steinbeis University, Berlin, Germany
SND0038 - How sustainable is our national debt?

How sustainable is our national debt? - Economic Affairs Committee

Found: following way: “Sustainable public debt” is the result of the current institutional workings of HM

Tuesday 5th March 2024
Oral Evidence - Ministry of Justice, Ministry of Justice, HM Prison and Probation Service, and HM Courts and Tribunals Service

Justice Committee

Found: They determine their pay rates for their staff, but we have secured all of that with HMT.

Tuesday 5th March 2024
Estimate memoranda - Department for Education Supplementary Estimate Memorandum 2023-24

Education Committee

Found: Treasury .

Tuesday 5th March 2024
Estimate memoranda - Teachers' Pension Scheme Supplementary Estimate Memorandum 2023-24

Education Committee

Found: Scheme liabilities increased by £ 4,302.6 million due to a n increase in the interest rate set by HM

Tuesday 5th March 2024
Estimate memoranda - Ofqual Supplementary Estimate Memorandum 2023-24

Education Committee

Found: memorandum has been prepared with reference to the guidance in the Estimates Manual published by HM

Tuesday 5th March 2024
Estimate memoranda - Ofsted Supplementary Estimate Memorandum 2023-24

Education Committee

Found: This is in line with HM Treasury guidance and the relevant accounting sta ndard, IFRS 16 leases .

Tuesday 5th March 2024
Estimate memoranda - DHSC 23-24 Supplementary Estimates memorandum

Health and Social Care Committee

Found: Supplementary Supply Estimate changes (excluding OGD transfers), of which: 4,841 (1,136) 2023 -24 HMT

Tuesday 5th March 2024
Written Evidence - Creative UK
IPO0068 - Industrial policy

Industrial policy - Business and Trade Committee

Found: We also welcome HM Treasury and the Department for Business and Trade (DBT) accepting all of the

Tuesday 5th March 2024
Written Evidence - High Value Manufacturing Catapult
IPO0059 - Industrial policy

Industrial policy - Business and Trade Committee

Found: It should work closely with HM Treasury, Cabinet Office, Department for Business and Trade and other

Tuesday 5th March 2024
Written Evidence - Staffordshire University, Staffordshire University, and Staffordshire University
IPO0035 - Industrial policy

Industrial policy - Business and Trade Committee

Found: strongest sectors, alongside financial services and fintech, automotive, digital, and green energy (HM

Tuesday 5th March 2024
Written Evidence - Critical Minerals Association (UK)
IPO0028 - Industrial policy

Industrial policy - Business and Trade Committee

Found: CM) ambitions, the strategy lacks a delivery plan and, most significantly, fiscal backing from HM

Tuesday 5th March 2024
Written Evidence - E3G
IPO0022 - Industrial policy

Industrial policy - Business and Trade Committee

Found: Report to Parliament 17 CCC (2023) Progress in Reducing Emissions: 2023 Report to Parliament 18 HM

Tuesday 5th March 2024
Written Evidence - Goldsmiths, University of London, and Goldsmiths, University of London
IPO0005 - Industrial policy

Industrial policy - Business and Trade Committee

Found: "HM Treasury should work with the Office for National Statistics to prioritise improvements to data

Tuesday 5th March 2024
Estimate memoranda - Competition and Markets Authority (CMA) Supplementary Estimates Memorandum 2023-24

Business and Trade Committee

Found: At SR21 HMT allocated the CMA a Resource DEL budget (excluding depreciation) of £127. 9m for 2023 -24

Tuesday 5th March 2024
Estimate memoranda - UK Export Finance Supplementary Estimate Memorandum 2023-24

Business and Trade Committee

Found: Treasury – IFRS9 and IFRS17

Tuesday 5th March 2024
Correspondence - Letter from the Director of Business Resilience at the Department relating to Horizon redress and finances, 1 March 2024

Business and Trade Committee

Found: HM Treasury consent was sought ahead of the Government commitment to fund the redress schemes.

Tuesday 5th March 2024
Estimate memoranda - Charity Commission Supplementary Estimate 2023-24 Memorandum

Culture, Media and Sport Committee

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM

Tuesday 5th March 2024
Estimate memoranda - The National Archives Supplementary Estimate 2023-24 Memorandum

Culture, Media and Sport Committee

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM

Tuesday 5th March 2024
Report - Fifteenth Report - Managing government borrowing

Public Accounts Committee

Found: On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury (

Tuesday 5th March 2024
Estimate memoranda - Defra Supplementary Estimate 2023/24 Memorandum

Environment, Food and Rural Affairs Committee

Found: Main Estimates are presented to Parliament by HM Treasury in order to seek Parliament’s authority for

Tuesday 5th March 2024
Estimate memoranda - Ofwat Supplementary Estimate 2023/24 Memorandum

Environment, Food and Rural Affairs Committee

Found: Therefore HMT fund Ofwat's capital spend . 3 1.5 New policies and programmes The regulator’s strategy

Monday 4th March 2024
Correspondence - Correspondence from Dame Meg Hillier, Chair of the Committee of Public Accounts, to Sir Alex Chisholm, Permanent Secretary, Cabinet Office, and James Bowler CB, Permanent Secretary, HM Treasury, re Treasury Minute response – Tackling fraud and corruption against government, dated 27 February 2024

Public Accounts Committee

Found: to Sir Alex Chisholm, Permanent Secretary, Cabinet Office, and James Bowler CB, Permanent Secretary, HM

Monday 4th March 2024
Correspondence - Correspondence from Sir Matthew Rycroft KCMG CBE, Permanent Secretary, Home Office, to Dame Meg Hillier, Chair of the Committee of Public Accounts, and Dame Diana Johnson, Chair of the Committee of Home Affairs, re Supplementary Estimates 2023-24, dated 27 February 2024

Public Accounts Committee

Found: Home Affair s Select Committee on 29 November , at the Spending Review 2021 both the Home Office and HM

Monday 4th March 2024
Correspondence - Correspondence from Matthew Clarke, Resilience Director and Head of Resilience, Cabinet Office, re PAC hearing on Preparedness for Extreme Weather, dated 28 February 2024

Public Accounts Committee

Found: recording and implementation of lessons identified into future planning and doctrine; 4● Engaging with HM

Monday 4th March 2024
Estimate memoranda - Electoral Commission Supplementary Estimate 2023-24

Speaker's Committee on the Electoral Commission

Found: budgets with revised inflation assumptions using the latest Office for Budget Responsibility (OBR) / HM



Written Answers
Agriculture and horticulture: Subsidies
Asked by: Lord Hodgson of Astley Abbotts (Conservative - Life peer)
Tuesday 12th March 2024

Question to the Department for Environment, Food and Rural Affairs:

To ask His Majesty's Government what is the number of full time equivalent personnel employed by DEFRA to administer farming and horticultural grants and subsidies in England on the latest date for which figures are available.

Answered by Lord Douglas-Miller - Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)

The information requested is not held centrally and to obtain it would incur disproportionate costs.

Defra’s Grants Hub data does not hold a ‘Farming & Horticulture’ flag so it would not be possible to quickly pull together a list of schemes in scope of this question.

Manually reviewing the schemes and deciding if they fit or not, without a standard definition of what counts as ‘Farming & Horticulture’, would require a degree of personal judgement and therefore yield some inaccuracy. It would then be necessary to validate the list with teams to ensure they are ‘Farming & Horticulture’ grants.

From experience of similar requests, this would push the cost to disproportionate (ie greater than the HMT-set limit of £850 for a PQ answer).

Integrated Schools: Finance
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South)
Tuesday 12th March 2024

Question to the Northern Ireland Office:

To ask the Secretary of State for Northern Ireland, pursuant to the Answer of 6 March 2024 to Question 16419 on Integrated Schools: Northern Ireland, on what date the Northern Ireland Executive was informed of the removal of the ring-fence for the £150m Fresh Start Agreement funding.

Answered by Steve Baker - Minister of State (Northern Ireland Office)

HM Treasury officials wrote to their counterparts in the Northern Ireland Department of Finance on 1 March 2024 formally confirming the removal of the ring-fence for £150 million of Fresh Start Agreement funding.

This formal confirmation followed official level discussions between the UK Government and the Northern Ireland Civil Service on UK Government funding streams being made available within the financial package to support the restored Executive.

Carbon Emissions: Finance
Asked by: Louise Haigh (Labour - Sheffield, Heeley)
Monday 11th March 2024

Question to the Department for Transport:

To ask the Secretary of State for Transport, with reference to page 73 of the Autumn Budget and Spending Review, which policies were identified for receipt of core net zero spend funding from the £1 billion allocated to fund decarbonisation of cars and vans in the financial year 2024-25 at the time that Budget was published; how much funding each of those policies was due to receive; and whether any of those policies have been discontinued since 2021.

Answered by Anthony Browne - Parliamentary Under-Secretary (Department for Transport)

The £1 billion allocated to fund the decarbonisation of cars and vans for the financial year 2024-25 in the 2021 Spending Review was allocated to a range of policies across the Department for Transport and the Department for Business, Energy and Industrial Strategy (now the Department for Business and Trade).

For the Department for Transport, HM Treasury allocated £619m for policies relating to zero emission vehicles, electric vehicle (EV) charging infrastructure and air quality.

This sum was subsequently allocated by the Department to specific policies, including the Local Electric Vehicle Infrastructure Fund, the Rapid Charging Fund, the Plug-in Vehicle Grants, EV Homecharging Schemes, the Workplace Charging Scheme and the Joint Air Quality Unit’s NO2 programme. All grants are kept under continual review to ensure best value for money for the taxpayer.

The remaining funding (£333m) was allocated for the Department for Business, Energy and Industry Strategy, for the electrification of UK vehicles and their supply chain, including through the Automotive Transformation Fund Programme. This aims to support the creation of an internationally competitive EV supply chain in the UK, through research and development and capital investments.

Hospitality Industry and Retail Trade: Business Rates
Asked by: Rachael Maskell (Labour (Co-op) - York Central)
Thursday 7th March 2024

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether she has had recent discussions with (a) hospitality and (b) retail stakeholders on business rates.

Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)

The subject of business rates, along with wider financial challenges, are regularly raised during individual stakeholder and roundtable calls. Industry concerns are shared across Government including Treasury.

Both the Hospitality Sector Council and Retail Sector Council have established working groups that are exploring issues to address key concerns, including costs to business. The Retail Sector Council submitted evidence to HM Treasury as part of a call for evidence into Treasury’s previous review of the business rates system.

At Autumn Statement 2023, the Chancellor announced a package of business rates support worth £4.3 billion over the next 5 years, for hospitality, retail and leisure businesses.

Horizon IT System: Compensation
Asked by: Lord Arbuthnot of Edrom (Conservative - Life peer)
Wednesday 6th March 2024

Question to the Department for Business and Trade:

To ask His Majesty's Government on which department's accounts their commitment to fund compensation for sub-postmasters affected by issues arising from the Horizon software system appears.

Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)

Just over £1bn has been committed by Government to ensure postmasters are compensated fairly. This funding covers the three Horizon compensation schemes: the Overturned Convictions scheme, the Group Litigation Order Scheme, and the Horizon Shortfall Scheme. Funding is agreed by HM Treasury at the relevant Estimate on the basis of the Department for Business and Trade’s forecasts for compensation.

A provision was made in the 2022/23 accounts of the Department of Business, Energy & Industrial Strategy (BEIS). Provisions should not be seen as an indication of the total amount of money available for compensation or how much claimants will receive; they are an estimate based on the latest information available.

The total discounted liability as at 31 March 2023 for sub-postmasters affected by issues arising from the Horizon software system was estimated at £600 million. This provision has subsequently transferred over to the Department for Business and Trade (DBT) and an updated value will be reflected in the department’s 2023-24 annual report and accounts to reflect policy announcements and changes since last years accounts.

Provision values will not include compensation paid to date. Annual accounts are produced on an accruals basis and compensation payments are recognised on this basis.

Prison and Probation Service
Asked by: Ruth Cadbury (Labour - Brentford and Isleworth)
Tuesday 5th March 2024

Question to the Ministry of Justice:

To ask the Secretary of State for Justice, what the cost to the public purse was of the One HMPPS project.

Answered by Edward Argar - Minister of State (Ministry of Justice)

We are committed through the OneHMPPS Strategic Portfolio to reduce HMPPS Head Quarters (HQ) cost and bring the management of prisons and probation closer together under the leadership of seven Area Executive Directors.

With approval from Cabinet Office and HMT, we launched a voluntary exit departure scheme (VEDS) and voluntary redundancy scheme (VRS) in June 2023 as part of HQ redesign. As of 9 February 2024, these schemes have cost £21.4 million.

Overall costs of OneHMPPS are an integrated part of running HMPPS HQ. Budgets and spend are disclosed through the annual reporting processes to Parliament.



Secondary Legislation
Non-Domestic Rating (Consequential and Other Amendments) (England) Regulations 2024
These Regulations make amendments which are consequential on the Non-Domestic Rating Act 2023 (c. 53) (the “2023 Act”).
Department for Levelling Up, Housing & Communities
Parliamentary Status - Text of Legislation - Made negative
Laid: Friday 1st March - In Force: Not stated

Found: The 2023 Act amends the 1988 Act to provide a power for HM Treasury to set which hereditaments are subject



National Audit Office
Mar. 08 2024
Report - Rail reform: the rail transformation programme (PDF)

Found: DfT agreed with HM Treasury (HMT) to deliver early savings from rail reform, planning total savings

Mar. 08 2024
Summary - Rail reform: the rail transformation programme (PDF)

Found: DfT agreed with HM Treasury (HMT) to deliver early savings from rail reform, planning total savings



Department Publications - Guidance
Wednesday 13th March 2024
Home Office
Source Page: Immigration Rules archive: 22 February 2024 to 10 March 2024
Document: Immigration Rules archive: 22 February 2024 to 10 March 2024 (PDF)

Found: Programme – enabling employees of other central banks, financial institutions and finance ministries to HM

Monday 4th March 2024
Department for Business and Trade
Source Page: Exporting to Iran
Document: Exporting to Iran (webpage)

Found: From: Department for Business and Trade, Foreign, Commonwealth & Development Office, HM Treasury, Export

Monday 4th March 2024
Department for Levelling Up, Housing & Communities
Source Page: UK Shared Prosperity Fund: evaluation
Document: UKSPF: intervention-level evaluation feasibility report (PDF)

Found: exercise to determine how the UKSPF interventions can be evaluated in line with the Magenta Book (HMT



Department Publications - Consultations
Tuesday 12th March 2024
Department for Energy Security & Net Zero
Source Page: Review of electricity market arrangements (REMA): second consultation
Document: Review of Electricity Market Arrangements: options assessment (PDF)

Found: The REMA counterfactual Approach to the counterfactual 1.24 The HMT Green Book states that the counterfactual



Department Publications - Research
Monday 11th March 2024
Department for Transport
Source Page: DfT: Independent Complaints Assessor report for 2022 to 2023
Document: DfT: Independent Complaints Assessor report for 2022 to 2023 (PDF)

Found: recommendation for any financial payment, the ICA will consider the DfT/DfT public body’s policy, relevant HM



Department Publications - Transparency
Thursday 7th March 2024
Department for Digital, Culture, Media & Sport
Source Page: Sport England Annual Report and Accounts 2022-2023
Document: Sport England Annual Report and Accounts 2022-2023 (PDF)

Found: This Policy is not set by HM Treasury, DCMS andapplicable to Non-Executive Board Members.

Tuesday 5th March 2024
Department for Transport
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (web version) (PDF)

Found: Treasury grants.

Tuesday 5th March 2024
Department for Transport
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (print version) (PDF)

Found: Treasury grants.

Tuesday 5th March 2024
Department for Transport
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (large print version) (PDF)

Found: Treasury grants.



Department Publications - Statistics
Thursday 7th March 2024
Ministry of Justice
Source Page: Civil justice statistics quarterly: October to December 2023
Document: (ODS)

Found: 0.0769230769230769 0 0 15 1 0.0666666666666667 0 0 12 3 0.25 0 0 2 0 0 0 0 5 3 0.6 0 0 2 0 0 0 0 3 0 0 0 0 HM

Thursday 7th March 2024
Ministry of Justice
Source Page: Civil justice statistics quarterly: October to December 2023
Document: (ODS)

Found: 1 0.0666666666666667 0 0.0 12 3 0.25 0 0.0 2 0 0.0 0 0.0 5 3 0.6 0 0.0 2 0 0.0 0 0.0 3 0 0.0 0 0.0 HM

Thursday 7th March 2024
Department for Work and Pensions
Source Page: Considering Social Factors in Pension Scheme Investments: a guide from the Taskforce on Social Factors
Document: Guide from the Taskforce on Social Factors: Considering social factors in pension scheme investments (PDF)

Found: (FCA)Foreign, Commonwealth and Development Office (FCDO)Financial Reporting Council (FRC)Treasury (HMT



Department Publications - Policy paper
Wednesday 6th March 2024
Department for Transport
Source Page: Appraisal of sustainability for National Networks National Policy Statement
Document: National Networks National Policy Statement appraisal of sustainability appendix 2 – scoping report (PDF)

Found: IMPACTS 12.1 Key policy and legislative drivers, objectives and targets relevant to the NNNPS • HM

Wednesday 6th March 2024
Department for Levelling Up, Housing & Communities
Source Page: Investment Zones update
Document: Investment Zones update (webpage)

Found: From: HM Treasury and Department for Levelling Up, Housing and Communities Published 6 March 2024

Monday 4th March 2024
Foreign, Commonwealth & Development Office
Source Page: Post-Legislative Scrutiny Memorandum: Sanctions and Anti-Money Laundering Act 2018
Document: Post-Legislative Scrutiny Memorandum: Sanctions and Anti-Money Laundering Act 2018 (PDF)

Found: Mikhail Fridman, R (on the application of) v HM Treasury [2023] EWHC 2657 (Admin) (26th October 2023

Monday 4th March 2024
Department for Digital, Culture, Media & Sport
Source Page: Historic England framework document
Document: Historic England framework document (webpage)

Found: between the Department for Culture, Media and Sport (DCMS) and Historic England in accordance with the HM

Monday 4th March 2024
Department for Digital, Culture, Media & Sport
Source Page: Horserace Betting Levy Board framework document
Document: Horserace Betting Levy Board framework document (webpage)

Found: Department for Culture, Media and Sport (DCMS) and the Horserace Betting Levy Board in accordance with the HM



Non-Departmental Publications - Policy paper
Mar. 13 2024
British Council
Source Page: British Council framework document
Document: British Council framework document (PDF)
Policy paper

Found: Management and financial framework 21.HM Treasury guidance 21.1.

Mar. 13 2024
British Council
Source Page: British Council framework document
Document: British Council framework document (webpage)
Policy paper

Found: From: Foreign, Commonwealth & Development Office, British Council, and HM Treasury Published 13 March



Non-Departmental Publications - Transparency
Mar. 11 2024
Small Business Commissioner
Source Page: Office of the Small Business Commissioner annual report and accounts 2022 to 2023
Document: Office of the Small Business Commissioner Annual Report and Accounts 2022 to 2023 (print-ready version) (PDF)
Transparency

Found: Treasury guidance.

Mar. 11 2024
Small Business Commissioner
Source Page: Office of the Small Business Commissioner annual report and accounts 2022 to 2023
Document: Office of the Small Business Commissioner Annual Report and Accounts 2022 to 2023 (PDF)
Transparency

Found: responsibly within budget and ensure value for money in line with Managing Public Money and other HM

Mar. 11 2024
Small Business Commissioner
Source Page: Office of the Small Business Commissioner annual report and accounts 2022 to 2023
Document: Office of the Small Business Commissioner Annual Report and Accounts 2022 to 2023 (large-print version) (PDF)
Transparency

Found: responsibly within budget and ensure value for money in line with Managing Public Money and other HM

Mar. 06 2024
Government Internal Audit Agency
Source Page: GIAA Board members’ register of declared interests 2023/24
Document: GIAA Board members’ register of declared interests (PDF)
Transparency

Found: non- executive members of the GIAA Board , as well as a representative from His Majesty's Treasury (HMT

Mar. 06 2024
Government Internal Audit Agency
Source Page: GIAA Board members’ register of declared interests 2023/24
Document: GIAA Board members’ register of declared interests 2023/24 (webpage)
Transparency

Found: interests of executive and non-executive members of the GIAA Board, as well as a representative from HM

Mar. 06 2024
UK Debt Management Office
Source Page: Debt Management Report 2024-25
Document: Debt Management Report 2024-25 (webpage)
Transparency

Found: From: HM Treasury and UK Debt Management Office Published 6 March 2024 Get emails about

Mar. 06 2024
UK Debt Management Office
Source Page: Debt Management Report 2024-25
Document: Debt Management Report 2024-25 (PDF)
Transparency

Found: Treasury and the DMO 2.10 The respective roles of HM Treasury and the DMO are set out in the DMO’

Mar. 05 2024
Northern Lighthouse Board
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (print version) (PDF)
Transparency

Found: Treasury grants.

Mar. 05 2024
Northern Lighthouse Board
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (large print version) (PDF)
Transparency

Found: Treasury grants.

Mar. 05 2024
Northern Lighthouse Board
Source Page: General Lighthouse Fund: annual report and accounts 2023
Document: General Lighthouse Fund annual report and accounts for the year ended March 2023 (web version) (PDF)
Transparency

Found: Treasury grants.



Non-Departmental Publications - Guidance and Regulation
Mar. 11 2024
Government Finance Function
Source Page: Debt Fairness Charter
Document: Debt Fairness Charter (webpage)
Guidance and Regulation

Found: From: HM Treasury and Government Finance Function Published 11 March 2024 Get emails about

Mar. 04 2024
Office of Financial Sanctions Implementation
Source Page: Exporting to Iran
Document: Exporting to Iran (webpage)
Guidance and Regulation

Found: From: Department for Business and Trade, Foreign, Commonwealth & Development Office, HM Treasury, Export



Non-Departmental Publications - News and Communications
Mar. 06 2024
Offshore Petroleum Regulator for Environment and Decommissioning
Source Page: Hynet Carbon Dioxide Transportation and Storage Project - Offshore
Document: Environmental Statement - Volume 1 & 2 (PDF)
News and Communications

Found: Strategy (BEIS) (2022b) Valuation of Energy Use and Greenhouse Gas: Supplementary guidance to the HM



Non-Departmental Publications - Statistics
Mar. 04 2024
Regulatory Policy Committee
Source Page: Luxembourg Rail Protocol; and power to amend rail markets legislation: RPC Opinions (Green-rated)
Document: IA (PDF)
Statistics

Found: policies supporting the reform programme) . 12 This figure has been derived from figures agreed with HM



Deposited Papers
Wednesday 13th March 2024
Home Office
Source Page: Letter dated 06/03/2024 from Tom Tugendhat To John Hayes MP regarding questions raised in the Investigatory Powers (Amendment) Bill second reading debate: regulatory authorities (communications data) (clause 14), and "Low/no" bulk personal datasets - notification of authorisations. 4p.
Document: IPA_Bill-2R_will-write_letter.pdf (PDF)

Found: ing: HM Revenue and Customs, the Financial Conduct Authority, the Department for Work and Pensions , HM

Monday 11th March 2024

Source Page: Letter dated 05/03/2024 from Gareth Davies MP to Danny Kruger MP regarding a question concerning the Recovery Loan Scheme raised during a question on regional economic inequalities. 1p.
Document: XST_letter_to_Danny_Kruger_MP.pdf (PDF)

Found: HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ Danny Kruger MBE House of Commons, London

Friday 8th March 2024
Department for Transport
Source Page: I. Rail Reform Bill: delegated powers memorandum. 26p. II. Rail Reform Bill: explanatory notes. Incl. annex. 27p. III. Plan for Rail. Impact Assessment supporting the draft Rail Reform Bill. Incl. annexes. 123p. IV. Letter dated 26/02/2024 from Huw Merriman MP to the Deposited Papers Clerk regarding 3 documents for deposit in the House libraries. 1p.
Document: Reform.pdf (PDF)

Found: policies supporting the reform programme) . 12 This figure has been derived from figures agreed with HM

Friday 8th March 2024
Department for Transport
Source Page: I. Rail Reform Bill: delegated powers memorandum. 26p. II. Rail Reform Bill: explanatory notes. Incl. annex. 27p. III. Plan for Rail. Impact Assessment supporting the draft Rail Reform Bill. Incl. annexes. 123p. IV. Letter dated 26/02/2024 from Huw Merriman MP to the Deposited Papers Clerk regarding 3 documents for deposit in the House libraries. 1p.
Document: Bill.docx (webpage)

Found: business planning process whereby the ORR agrees its overall income cap with His Majesty’s Treasury (HMT

Thursday 7th March 2024

Source Page: Horserace Betting Levy Board framework document: Incl. annexes. 44p.
Document: Horserace_Betting_Levy_Board_Framework_Document.pdf (PDF)

Found: Within the arrangements approved by the responsible Minister and HM Treasury, the HBLB will have responsibility

Thursday 7th March 2024
Department for Transport
Source Page: I. The Plan for Rail. A consultation on legislation to implement rail transformation: Government response. 106p. II. Draft Rail Reform Bill. 32p.
Document: E02943394.pdf (PDF)

Found: business planning proces s whereby the Office of Rail and Road agrees its overall income cap with HM

Wednesday 6th March 2024

Source Page: Framework document: Marshall aid commemoration commission. Incl. annex. 32p.
Document: MACC_Framework_Document.pdf (PDF)

Found: Unless agreed by the FCDO and, as necessary, HM Treasury, the MACC will follow the principles, rules

Wednesday 6th March 2024

Source Page: Framework document: Historic England. 54p.
Document: Framework.pdf (PDF)

Found: They shall also continue to provide outturn data to HM Treasury and adhere to all other Civil Service

Wednesday 6th March 2024

Source Page: Letter dated 29/02/2024 from Baroness Vere of Norbiton to Lord Sharkey regarding a question raised in the draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024 debate: 11 March commencement date for the statutory instrument. 2p.
Document: Sharkey.pdf (PDF)

Found: 1 HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ The Lord Sharkey House of Lords




HM Treasury mentioned in Scottish results


Scottish Select Committee Publications
Thursday 8th February 2024
Correspondence - Letter from the Minister for Community Wealth and Public Finance to the Convener of 8 February 2024
Autumn Budget Revision - follow-up from meeting on 7 November 2023

Finance and Public Administration Committee

Found: Covid has not had a significant impact on retirements, with the major change a result of the HM Treasury



Scottish Government Publications
Wednesday 13th March 2024
Economic Development Directorate
Source Page: Digital support funding: FOI release
Document: FOI 202300382065 - Information Released - Development Grant Impact (PDF)

Found: high-level discussion of principles and best practice in project appraisal and evaluation as presented in HM

Wednesday 13th March 2024
Economic Development Directorate
Source Page: Digital support funding: FOI release
Document: FOI 202300382065 - Information Released - DD Loan Impact Appraisal Report (PDF)

Found: high-level discussion of principles and best practice in project appraisal and evaluation as presented in HM

Tuesday 12th March 2024
Chief Economist Directorate
Source Page: Public Sector Employment in Scotland Statistics for 4th Quarter 2023
Document: Public Sector Employment Scotland Tables Q4 2023 (ODS)

Found: Energy and Industrial Strategy, Chancellor’s Other Departments, Department for International Trade, HM

Tuesday 12th March 2024
Agriculture and Rural Economy Directorate
Source Page: Rural Affairs and Islands Committee on 27 September 2023: EIR release
Document: FOI 202300378332 - Information Released - Doc 1 (PDF)

Found: We would welcome any early indication from HMT on any likely funding movements to support the effective

Thursday 7th March 2024

Source Page: Towards a robust, resilient wellbeing economy for Scotland - Report of the Advisory Group on Economic Recovery: FOI release
Document: FOI 202300384427 - Information Released - AGER - Summary Paper (PDF)

Found: • SG officials continue to work with HMT officials on the scope of the Independent Report, which

Monday 4th March 2024
Constitution Directorate
External Affairs Directorate
Source Page: Building a New Scotland An independent Scotland's Place in the World
Document: An independent Scotland’s place in the world (PDF)

Found: Government (2022) Building a New Scotland: A stronger economy with independence 134 UK Government (2016) HM