Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential economic impact of the European Commission’s proposals on EU customs reform of 17 May 2023 on Northern Ireland, in the context of the Windsor Framework.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.
The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.
The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had discussions with her relevant EU counterparts on the potential impact of the European Commission’s customs reform proposal of 17 May 2023 on exporters.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.
The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.
The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an estimate of (a) the role and (b) trends in the value of (i) bitcoin and (ii) other major cryptocurrencies in the economy in the next (A) five and (B) 10 years.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken to support innovation in blockchain and cryptocurrency technologies while ensuring robust consumer protections.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what regulatory measures are in place to ensure the stability and security of investments in cryptocurrencies; and whether any additional measures are being considered.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to issue any (a) guidance or (b) resources to help potential investors understand the risks and benefits associated with cryptocurrency investments.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Asked by: Jeff Smith (Labour - Manchester, Withington)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had discussions with the Secretary of State for Culture, Media and Sport on the Government's BBC funding model review.
Answered by Laura Trott - Chief Secretary to the Treasury
The Government has launched a review of the BBC’s funding model, to ensure it is fair to licence fee payers, sustainable for the long term, and supports the BBC’s vital role in growing our thriving creative industries.
This is an important cross-Government programme of work, HMT and DCMS are in regular engagement, and will continue to do so over the course of the review.
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make it his policy to review the (a) rate of and (b) threshold for Stamp Duty Land Tax in Northern Ireland in the context of trends in average house prices.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The government keeps all tax policy under review and changes are announced at a fiscal event as part of the normal tax policy making process.
Asked by: Toby Perkins (Labour - Chesterfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the next round of International Climate Finance from April 2026 has already been allocated under future spending plans.
Answered by Laura Trott - Chief Secretary to the Treasury
The next round of International Climate Finance falls outside of this Spending Review period. Decisions on how spending is allocated after 2024-25, including for International Climate Finance, will be made at a future Spending Review.
Asked by: Carla Lockhart (Democratic Unionist Party - Upper Bann)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he (a) has had and (b) plans to have discussions with (i) Cabinet colleagues and (ii) relevant stakeholders on the potential merits of increasing the tax free childcare allowance.
Answered by Laura Trott - Chief Secretary to the Treasury
HM Treasury work closely with other Government departments and relevant stakeholders on all elements of childcare policy, including Tax-Free Childcare.