HM Treasury

HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.



Secretary of State

 Portrait

Rachel Reeves
Chancellor of the Exchequer

Shadow Ministers / Spokeperson
Liberal Democrat
Baroness Kramer (LD - Life peer)
Liberal Democrat Lords Spokesperson (Treasury and Economy)
Daisy Cooper (LD - St Albans)
Liberal Democrat Spokesperson (Treasury)

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

Liberal Democrat
Charlie Maynard (LD - Witney)
Liberal Democrat Spokesperson (Chief Secretary to the Treasury)

Green Party
Ellie Chowns (Green - North Herefordshire)
Green Spokesperson (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Lord Altrincham (Con - Life peer)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
James Wild (Con - North West Norfolk)
Shadow Exchequer Secretary (Treasury)
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
Ministers of State
Lord Livermore (Lab - Life peer)
Financial Secretary (HM Treasury)
Lord Stockwood (Lab - Life peer)
Minister of State (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Chief Secretary to the Treasury
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
Dan Tomlinson (Lab - Chipping Barnet)
Exchequer Secretary (HM Treasury)
Rachel Blake (LAB - Cities of London and Westminster)
Economic Secretary (HM Treasury)
There are no upcoming events identified
Debates
Thursday 2nd July 2026
HMRC Transformation Road Map
Written Statements
Select Committee Docs
Wednesday 1st July 2026
10:00
Select Committee Inquiry
Tuesday 31st January 2023
Quantitative tightening

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

Written Answers
Friday 3rd July 2026
Council Tax: Surcharges
To ask the Chancellor of the Exchequer, pursuant to the answer of 9 June 2026, to Question 5347, how many …
Secondary Legislation
Thursday 2nd July 2026
Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026
Section 1 of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) revoke Regulation (EU) No. …
Bills
Tuesday 30th June 2026
Supply and Appropriation (Main Estimates) Bill 2026-27
A Bill to authorise the use of resources for the year ending with 31 March 2027; to authorise both the …
Dept. Publications
Friday 3rd July 2026
09:30

Research

HM Treasury Commons Appearances

Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs

Other Commons Chamber appearances can be:
  • Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
  • Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
  • Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.

Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue

Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.

Most Recent Commons Appearances by Category
Jun. 23
Oral Questions
May. 21
Urgent Questions
Jul. 02
Written Statements
Jun. 30
Westminster Hall
May. 20
Adjournment Debate
View All HM Treasury Commons Contibutions

Bills currently before Parliament

HM Treasury does not have Bills currently before Parliament


Acts of Parliament created in the 2024 Parliament

Introduced: 4th December 2025

A Bill to Make provision to amend section 4 of the Social Security Contributions and Benefits Act 1992, and section 4 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, so that amounts of salary sacrificed for employer pensions contributions pursuant to optional remuneration arrangements are liable to national insurance contributions.

This Bill received Royal Assent on 29th April 2026 and was enacted into law.

Introduced: 2nd December 2025

A Bill to make provision in connection with finance.

This Bill received Royal Assent on 18th March 2026 and was enacted into law.

Introduced: 4th March 2026

A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and 31 March 2027; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2025 and 31 March 2026.

This Bill received Royal Assent on 18th March 2026 and was enacted into law.

Introduced: 25th June 2025

A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.

This Bill received Royal Assent on 21st July 2025 and was enacted into law.

Introduced: 13th November 2024

A Bill to make provision about secondary Class 1 contributions.

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

Introduced: 6th November 2024

A Bill to make provision about finance.

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

Introduced: 25th July 2024

A Bill to amend the Crown Estate Act 1961.

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

Introduced: 5th March 2025

A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.

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

Introduced: 6th November 2024

A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.

This Bill received Royal Assent on 16th January 2025 and was enacted into law.

Introduced: 18th July 2024

A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.

This Bill received Royal Assent on 10th September 2024 and was enacted into law.

Introduced: 24th July 2024

A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.

This Bill received Royal Assent on 30th July 2024 and was enacted into law.

HM Treasury - Secondary Legislation

Section 1 of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) revoke Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (“the Capital Requirements Regulation”). Articles 81(1)(a)(iii), 82(a)(iii), 107(4), 114(7), 115(4) and 116(5) of the Capital Requirements Regulation enable the Treasury to determine that a third country applies prudential and supervisory requirements equivalent to those applied in the United Kingdom in relation to credit institutions and other types of firms. The revocation of articles 81(1)(a)(iii), 82(a)(iii), 107(4), 114(7), 115(4) and 116(5) comes into force on 1st January 2027 by virtue of the Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 (S.I. 2026/682 (C. 56)).
This Order amends the Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 (S.I. 2014/1195) (“the 2014 Order”).
View All HM Treasury Secondary Legislation

Petitions

e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.

If an e-petition reaches 10,000 signatures the Government will issue a written response.

If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).

Trending Petitions
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12,284 Signatures
(1,606 in the last 7 days)
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864 Signatures
(273 in the last 7 days)
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38,135 Signatures
(266 in the last 7 days)
Petition Open
304 Signatures
(144 in the last 7 days)
Petitions with most signatures
Petition Debates Contributed

Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.

We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.

We want the government to introduce a new tax code for state pensioners, set at double the basic threshold. If this was implemented, pensioners would receive a higher tax-exempt limit, but wealthier pensioners would still pay tax.

View All HM Treasury Petitions

Departmental Select Committee

Treasury Committee

Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.

At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.

Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.


11 Members of the Treasury Committee
Meg Hillier Portrait
Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)
Treasury Committee Member since 9th September 2024
Yuan Yang Portrait
Yuan Yang (Labour - Earley and Woodley)
Treasury Committee Member since 21st October 2024
Siobhain McDonagh Portrait
Siobhain McDonagh (Labour - Mitcham and Morden)
Treasury Committee Member since 21st October 2024
John Glen Portrait
John Glen (Conservative - Salisbury)
Treasury Committee Member since 21st October 2024
Harriett Baldwin Portrait
Harriett Baldwin (Conservative - West Worcestershire)
Treasury Committee Member since 21st October 2024
Bobby Dean Portrait
Bobby Dean (Liberal Democrat - Carshalton and Wallington)
Treasury Committee Member since 28th October 2024
Chris Coghlan Portrait
Chris Coghlan (Liberal Democrat - Dorking and Horley)
Treasury Committee Member since 28th October 2024
John Grady Portrait
John Grady (Labour - Glasgow East)
Treasury Committee Member since 9th December 2024
Catherine West Portrait
Catherine West (Labour - Hornsey and Friern Barnet)
Treasury Committee Member since 27th October 2025
Jim Dickson Portrait
Jim Dickson (Labour - Dartford)
Treasury Committee Member since 27th October 2025
Julie Minns Portrait
Julie Minns (Labour - Carlisle)
Treasury Committee Member since 22nd June 2026
Treasury Committee: Upcoming Events
Treasury Committee - Private Meeting
Financial Inclusion Strategy
7 Jul 2026, 9:30 a.m.
View calendar - Save to Calendar
Treasury Committee - Oral evidence
Defence spending and finance
8 Jul 2026, 12:45 p.m.
View calendar - Save to Calendar
Treasury Committee: Previous Inquiries
The Financial Conduct Authority’s Regulation of London Capital & Finance plc Budget 2021 Work of National Savings and Investments Lessons from Greensill Capital Appointment of Carolyn Wilkins to the Financial Policy Committee Appointment of Tanya Castell to the Prudential Regulatory Committee The work of the Prudential Regulation Authority Reappointment of Jill May and Julia Black to the Prudential Regulation Committee Committee on COP26: climate change and finance Spring Budget 2020 Appointment of Sarah Breeden to the Financial Policy Committee Appointment of Catherine Mann to the Monetary Policy Committee Reappointment of Jonathan Haskel to the Monetary Policy Committee Bank of England July Financial Stability Report and August Monetary Policy Report Economic Crime Regional Imbalances in the UK economy The Work of the Debt Management Office Appointment of Richard Hughes as Chair of the Office for Budget Responsibility Reappointment of Professor Silvana Tenreyro to the Monetary Policy Committee Reappointment of Andy Haldane to the Monetary Policy Committee Appointment of Jonathan Hall to the Financial Policy Committee Appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority Maxwellisation inquiry The work of National Savings and Investments inquiry Retail Banking Market Review inquiry HMRC Executive Chair and Chief Executive Financial stability one-off hearing Appointment of the CEO of Financial Conduct Authority Bank of England Financial Stability Report Hearings 2016-17 UK's future economic relationship with the EU inquiry Appointment of Deputy Governor for Prudential Regulation EU Insurance Regulation inquiry HM Treasury: Report and Accounts 2015 – 2016 Appointment of Michael Saunders to the Monetary Policy Committee Appointment of Anil Kashyap to the Financial Policy Committee Tax credits, fraud and error inquiry The work of the Chancellor of the Exchequer inquiry Bank of England Inflation Report Hearing August 2016 Prudential Regulation Authority inquiry Sir Charles Bean appointment to Budget Responsibility Committee UK tax policy and the tax base inquiry Government Internal Audit Agency inquiry HM Treasury Annual Report and Accounts 2014-15 inquiry Valuation Office Agency inquiry Independent review of report into failure of HBOS inquiry Review of the Office for National Statistics inquiry Appointment of Angela Knight as Chair of the Office for Tax Simplification Appointment of Tim Parkes as Chair of Regulatory Decisions Committee Budget 2016 inquiry Financial Policy Committee re-appointment hearings Bank of England Inflation Report Hearing May 2016 Work of the Court of the Bank of England inquiry Bank of England Inflation Report Hearing February 2017 Appointment of the Deputy Governor for Markets and Banking Budget 2017 inquiry Restoration and Renewal of the Palace of Westminster inquiry Capital inquiry Work of the Payment Systems Regulator inquiry Effectiveness and impact of post-2008 UK monetary policy Access to basic retail financial services inquiry Financial Conduct Authority inquiry Bank of England Inflation Report Hearing November 2016 UK Financial Investments annual reports and accounts 2015-16 Housing Policy inquiry Autumn Statement 2016 Household finances: income, saving and debt inquiry Bank of England Inflation Reports inquiry Budget Autumn 2017 inquiry Student Loans inquiry The UK's economic relationship with the European Union inquiry The work of the Bank of England inquiry The work of the Financial Conduct Authority The work of the National Infrastructure Commission inquiry Women in finance inquiry Appointment of Professor Silvana Tenreyro to the Monetary Policy Committee Appointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking, Bank of England The work of the Chancellor of the Exchequer EU Insurance Regulation inquiry HMRC Annual Report and Accounts inquiry Re-appointment of Professor Anil Kashyap to the Financial Policy Committee inquiry Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England inquiry The effectiveness of gender pay gap reporting inquiry Decarbonisation of the UK Economy and Green Finance inquiry Regional Imbalances in the UK Economy inquiry Work of the Financial Services Compensation Scheme inquiry Spending Round 2019 inquiry Access to Cash Review inquiry Appointment of Kathryn Cearns as Chair of the Office of Tax Simplification inquiry The future of the UK’s financial services inquiry The impact of Business Rates on business inquiry Spring Statement 2019 inquiry The work of the Adjudicator’s Office inquiry The work of the Debt Management Office inquiry Independent Review of the Co-Operative Bank inquiry Work of the Court of the Bank of England inquiry Tax enquiries and resolution of tax disputes inquiry IT failures in the financial services sector inquiry Work of the Banking Standards Board inquiry Independent Review of the Financial Ombudsman Service Appointment of Bradley Fried as Chair of Court, Bank of England Appointment of Professor Jonathan Haskel to the Monetary Policy Committee Andy King, Nominated Member of the Budget Responsibility Committee Re-appointment of Dr Gertjan Vlieghe to the Monetary Policy Committee Maxwellisation inquiry Work of the Valuation Office Agency inquiry Appointment of Julia Black as external member of the Prudential Regulation Committee Appointment of Jill May as an external member of the Prudential Regulation Committee Consumers’ Access to Financial Services inquiry The re-appointment of Sir Jon Cunliffe as Deputy Governor for Financial Stability at the Bank of England inquiry Budget 2018 inquiry The Work of the Treasury inquiry Service Disruption at TSB inquiry Economic Crime inquiry Re-appointment of Alex Brazier to the Financial Policy Committee Re-appointment of Donald Kohn to the Financial Policy Committee Re-appointment of Martin Taylor to the Financial Policy Committee VAT inquiry Spring Statement 2018 Digital Currencies inquiry Appointment of Charles Randell as Chair of the Financial Conduct Authority SME Finance inquiry Appointment of Elisabeth Stheeman to the Bank of England Financial Policy Committee The work of the Prudential Regulation Authority inquiry Bank of England Financial Stability Reports RBS's Global Restructuring Group and its treatment of SMEs inquiry Childcare inquiry The work of the Payment Systems Regulator inquiry HM Treasury Annual Report and Accounts inquiry Women in the City Crown Estate Cheques, the end of? Mortgage Arrears and Access to Mortgage Finance: Follow up Financial Institutions - Too Important To Fail? Budget 2010 Credit Searches European Macro and Micro Prudential Financial Regulation Presbyterian Mutual Society Pre-Budget Report 2009 Budget 2009 Pre-Budget Report 2008 Budget 2008 Pre-Budget Report 2007 Mortgage Arrears and Access to Mortgage Finance Evaluating the Efficiency Programme Administration and expenditure of the Chancellor’s Departments, 2008-09 Banking Crisis Banking Crisis: International Dimensions Banking Reform Run on the Rock Budget June 2010 Competition and choice in the banking sector Office for Budget Responsibility Financial Regulation Spending Review 2010 Administration and effectiveness of HMRC The principles of tax policy Retail Distribution Review European financial regulation Autumn forecast 2010 Accountability of the Bank of England Private Finance Initiative Budget 2011 Future of Cheques Independent Commission on Banking: Interim Report Closing the tax gap: HMRC's record at ensuring tax compliance Budget Measures and Low-income Households Financial Conduct Authority Inherited Estates Counting the population Administration and expenditure of the Chancellor's Departments, 2006-07 Comprehensive Spending Review 2007 Administration and expenditure of the Chancellor's Departments, 2007-08 Independent Commission on Banking: Final Report Global Imbalances Autumn Statement 2011 Budget 2012 Corporate governance and remuneration Money Advice Service LIBOR FSA's report into HBOS Spending Round 2013 Project Verde Macroprudential tools Disposal of Government Stakes in RBS and Lloyds Credit Rating Agencies Autumn Statement 2012 Appointment of Dr Mark Carney as Governor of the Bank of England Budget 2013 Quantitative easing Private Finance 2 Autumn Statement 2013 Bank of England Financial Stability Report hearings: Session 2014-15 Appointment hearings, Session 2013-14 Bank of England Inflation Report Hearings: Session 2013-14 EU Financial Regulation Monetary Policy: Forward Guidance UK Financial Investments Ltd 2013 The economics of HS2 SME Lending Financial Conduct Authority hearings The costing of pre-election policy proposals Performance of the Royal Mint Budget 2014 The economics of currency unions OBR: July 2013 Fiscal Sustainability Report Banks' Lending Practices: Treatment of Businesses in Distress RBS Independent Lending Review Prudential Regulation Authority Hearings: Session 2014-15 HM Treasury Annual Report and Accounts 2013-14 Treatment of Financial Services Consumers Bank of England Inflation Report Hearings: Session 2014-15 HMRC Business Plan 2014-16 Manipulation of Benchmarks Appointment hearings, Session 2014-15 Co-op Governance Review Cost effectiveness of economic and financial sanctions Bank of England Financial Stability Report Hearings 2015-16 Bank of England Inflation Report Hearings 2015-16 Summer Budget 2015 inquiry UK Financial Investments Ltd Annual Report and Accounts 14-15 Review of scope and performance of Office for Budget Responsibility Bank of England Bill inquiry Chair of Office for Budget Responsibility reappointment hearing HMRC Annual Report and Accounts 2014-15 inquiry Prudential Regulation Authority inquiry Comprehensive Spending Review and Autumn Statement 2015 inquiry Review of CMA work on Retail Banking Market one-off session Financial Conduct Authority Practitioner Panels one-off session Appointment of Gertjan Vlieghe to the Monetary Policy Committee hearing Reappointment of Ian McCafferty to the Monetary Policy Committee hearing Financial Conduct Authority Economic and financial costs and benefits of UK's EU membership Crown Estate Annual Report and Accounts 2013/14 Bank of England Foreign Exchange Market Investigation HM Revenue and Customs and HSBC Budget 2015 The UK's EU Budget Contributions Press briefing of information in the Financial Conduct Authority’s 2014/15 Business Plan Fair and Effective Markets Review The Payment Systems Regulator Implementing the recommendations on the Parliamentary Commission on Banking Standards Autumn Statement 2014 Work of the Tax Assurance Commissioner UK Financial Investments Ltd Proposals for further Fiscal and Economic Devolution to Scotland Debt Management Office Annual Report and Accounts 2013-14 UK Customs Policy Infrastructure The cost of living The venture capital market The crypto-asset industry Tax Reliefs September 2022 Fiscal Event The Financial Services and Markets Bill The mortgage market The Edinburgh Reforms Quantitative tightening Retail Banks Appointment of Andrew Bailey as Governor of the Bank of England Work of Government Actuary’s Department Work of the Financial Ombudsman Service Work of HM Treasury Future of Financial Services Spending Review 2020 HMRC Annual Report and Accounts Bank of England Financial Stability Reports The appointment of John Taylor to the Prudential Regulation Committee UK’s economic and trading relationship with the EU The appointment of Antony Jenkins to the Prudential Regulation Committee Access to Cash Review Bank of England Financial Stability Reports Bank of England Inflation Reports Consumers’ Access to Financial Services Decarbonisation of the UK Economy and Green Finance Economic Crime The effectiveness of gender pay gap reporting HMRC Annual Report and Accounts inquiry Tax enquiries and resolution of tax disputes IT failures in the financial services sector Appointment of Dame Colette Bowe to the Financial Policy Committee Re-appointment of Professor Anil Kashyap to the Financial Policy Committee Work of the Financial Services Compensation Scheme Spending Round 2019 The impact of Business Rates on business Work of the Court of the Bank of England Independent Review of the Co-Operative Bank Regional Imbalances in the UK Economy Re-appointment of Michael Saunders to the Monetary Policy Committee Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England Maxwellisation RBS's Global Restructuring Group and its treatment of SMEs SME Finance Spring Statement 2019 The future of the UK’s financial services HM Treasury Annual Report and Accounts Service Disruption at TSB The UK's economic relationship with the European Union VAT The work of the Bank of England The work of the Chancellor of the Exchequer The work of the Financial Conduct Authority The Work of the Treasury The work of the Prudential Regulation Authority

50 most recent Written Questions

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

24th Jun 2026
To ask the Chancellor of the Exchequer, how much HM Government has contributed to the European Commission and EU institutions in each of the last ten years.

When the UK was a EU Member State, financial contributions were made directly to the EU budget. These were disclosed in the annual HM Treasury EU Finances Statement (EUFS). Since the UK’s withdrawal from the EU, payments under the financial settlement in the Withdrawal Agreement continue to be disclosed annually in the EUFS. These can be found at https://www.gov.uk/government/collections/eu-annual-statement.

Financial contributions for UK association to the Horizon Europe and Copernicus programmes under the Trade and Cooperation Agreement are reported in the relevant department’s annual accounts as part of normal budgetary disclosures.

Lucy Rigby
Chief Secretary to the Treasury
24th Jun 2026
To ask the Chancellor of the Exchequer, what steps she is taking to ensure sustainable funding for specialist women’s organisations supporting victims of domestic abuse, violence and health inequalities, and whether she has considered using Dormant Assets for this purpose.

The government is committed to halving violence against women and girls in a decade. Ensuring victims receive effective and timely support is vital to delivering this.

The Violence Against Women and Girls (VAWG) Strategy, published in December 2025, is backed by over £1 billion investment into victims’ services over the next 3 years.

Under the Dormant Bank and Building Society Accounts Act 2008, dormant assets are a distinct form of capital restricted to four statutory areas in England: youth, financial inclusion, social investment wholesalers and community wealth funds.

The June 2025 Dormant Assets Strategy outlines the allocation of the next £440 million tranche across these four existing statutory areas.

Lucy Rigby
Chief Secretary to the Treasury
24th Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of fiscal arrangements in supporting long-term regeneration in coastal communities.

The government is committed to working in partnership with the nation’s coastal and rural communities, including Southport, so that they can kickstart growth in their area and make everyone better off.

Many coastal communities sit within mayoral combined authorities - like the West of England CA, Liverpool City Region, and the North East MSA – and therefore benefit from an Integrated Settlement allowing more flexible, long-term funding to invest locally and plan strategically – including on infrastructure investment. Many areas have also received specific support; Southport, for example has received £5m to renovate the Town Hall Gardens and funding for the Regeneration of Southport Pier through the Growth Mission Fund.

Lucy Rigby
Chief Secretary to the Treasury
24th Jun 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 29 May 2026, to Question 2051, on Revenue and Customs: Social Media, how many separate influencers were hired for the £436,700 of aggregate spending.

Social media hosts large amounts of unofficial tax guidance, which can sometimes be incomplete or misleading and contribute to customer confusion. Using HMRC-approved influencers helps ensure accurate, trustworthy information is presented in these spaces offering repeatable value for money, high engagement, and scalable content output for HMRC.

HMRC worked with 44 distinct influencers as part of this activity. Of these, 11 supported multiple campaigns. Total spend therefore reflects both repeat collaborations with a smaller number of influencers and one‑off engagements.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
24th Jun 2026
To ask the Chancellor of the Exchequer, what discussions she has had with Cabinet colleagues on the potential impact of business rates on the hospitality, tourism, and leisure sectors in East Grinstead and Uckfield constituency.

At the Budget, the VO announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties.

In recognition of the impact of the revaluation on bills, the Government has introduced a support package worth £4.3 billion, to protect against ratepayers seeing large overnight increases in bills.

The Government also introduced new permanently lower multipliers for eligible retail, hospitality and leisure (RHL) properties. These new multipliers are worth nearly £1 billion per year and benefit over 750,000 properties.

In addition to the support announced at Budget, the Government understands that pubs have been under huge pressure over recent years. Recognising the value they bring and the challenges they face, the Government has introduced a 1-year 15 per cent relief for all pubs and live music venues in 2026/27. For the following two years, their bills will then be frozen in real terms.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, how many outstanding cases of people facing the retrospective loan charge she expects will be settled as a result of the McCann Review; and the likely timescale is for bringing the topic to a conclusion.

I refer the Hon. Member to the answers I gave on 23 June 2026 to UIN 9553.
Dan Tomlinson
Exchequer Secretary (HM Treasury)
24th Jun 2026
To ask the Chancellor of the Exchequer, if she will list each third party database that HMRC has access to for the purposes of income tax collection.

HMRC use third-party data to help simplify tax administration. Specifically in relation to calculating tax due, the key sources of third-party data are:

o Department for Work and Pensions – pension income and benefit information

o Bank and building societies– savings interest information

o Employers – payroll data about payments to employees

In addition, HMRC also make use of third-party data in our compliance activities to ensure customers pay the right amount of income tax. To protect the operational integrity of these activities we do not disclose all of our data sources, but at a high level they include card sales data and other data that provides evidence of undeclared taxable income.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what her Department's policy is on the issuing of war bonds to increase defence spending.

On 30 June, the Prime Minister announced £15bn of additional defence spending for the Defence Investment Plan. More information, including a ‘Funding Explainer’, is available online: https://www.gov.uk/government/publications/the-defence-investment-plan.

Lucy Rigby
Chief Secretary to the Treasury
18th Jun 2026
To ask His Majesty's Government what assessment they have made of the impact of the proposed Electric Vehicle Excise Duty on consumer confidence in electric vehicles.

The Government remains firmly committed to the Electric Vehicle (EV) transition and has carefully considered the potential impact of electric Vehicle Excise Duty (eVED) on consumer uptake of electric vehicles.

The rate of eVED for EVs will be half of the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that EVs are cheaper to own and run for the majority of EV drivers. Alongside eVED, the Government also announced at the Budget in 2025 generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG), £200 million for chargepoint rollout, and increasing the VED Expensive Car Supplement (ECS) threshold to £50,000 for EVs.

The Government has set out the expected impacts of eVED and related Budget measures in the Budget 2025 Policy Costings document at GOV.UK.

The Government published a consultation which provides further detail on how eVED will work and sought views on its implementation, available at GOV.UK: https://www.gov.uk/government/consultations/consultation-on-the-introduction-of-electric-vehicle-excise-duty-eved. The consultation closed on 18 March 2026 and the Government will respond to the consultation in due course.

Lord Livermore
Financial Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the change to the SCAPE discount rate on the retirement plans of public sector workers within five years of their expected retirement date.

The Government announced on 19 May 2026 that the SCAPE discount rate is 2%+CPI. The SCAPE discount rate must be reviewed periodically and calculated in accordance with current methodology. By way of background, the Government published its response to the public consultation on the discount rate methodology for public service pensions on 30 March 2023: Public service pension schemes - SCAPE discount rate methodology: a GAD technical bulletin - GOV.UK. As confirmed in that response, the existing methodology for setting the discount rate was retained.

The implementation of any changes is the responsibility of the individual authorities responsible.

Lucy Rigby
Chief Secretary to the Treasury
29th Jun 2026
To ask the Chancellor of the Exchequer, what estimate she has made of the annual cost to the Exchequer of applying a zero rate of VAT to commercial pilot training undertaken in the UK by (a) British nationals, (b) overseas nationals and (c) all trainee commercial pilots combined.

The Government has not made an estimate. I refer the Honourable Member to my answer of 23 April to the Honourable Member for Basildon and Billericay (UIN 128427), in which I stated that HMRC does not hold information on VAT revenue from pilot training, and that the Government has no plans to change policy in this area.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, with reference to the Answer of 25 June to Question 11183 on Revenue and Customs: Finance for a breakdown of the (a) £386,857,000 and (b) £1,248,283,000.

The breakdown specific to (a) £386,857,000 and (b) £1,248,283,000 is below.

£000s

HMRC Administration Purchase of goods and services:
Gross Administration Outturn

HMRC Administration Purchase of goods and services:
Gross Programme Outturn

Building and Facilities costs

31,131

59,235

IT Spend

282,994

856,001

Travel and Subsistence

6,332

35,899

Postage, printing and other office spend

16,261

63,091

Training

17,863

9,778

Legal, enforcement and other professional services

10,211

87,231

Other

22,065

137,048

Total Outturn

386,857

1,248,283

Dan Tomlinson
Exchequer Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, how many and what percentage of people have had their child benefits incorrectly suspended from (a) Yeovil constituency, (b) Somerset and (c) England in each of the last three years.

HMRC does not hold information on incorrect suspensions of Child Benefit. This is because, where there is doubt over a customer’s Child Benefit entitlement, HMRC will check eligibility and take appropriate action to safeguard public money. This may involve suspending payment whilst enquiries are ongoing. In cases where eligibility is later confirmed, it does not mean that the suspension was incorrectly applied.

However, HMRC has acknowledged that the way it expanded compliance using international travel data between August and October last year impacted some eligible customers, where upfront checks of UK employment through PAYE were excluded on 23,794 enquiries. It took swift action to address the issues including retrospective PAYE checks and automatic reinstatement of 5,327 payments by the middle of November 2025.

Lucy Rigby
Chief Secretary to the Treasury
26th Jun 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 23 June 2026 to question 11289, how many applications the National Wealth Fund has received from steel companies requesting investment from the Steel Fund (a) in total and (b) for steel sites in Wales; and much funding has been (i) requested and (ii) allocated.

The Government is providing up to £2.5 billion to support the UK steel industry, in addition to the £500 million grant to Tata Steel at Port Talbot. This is being delivered through a combination of direct support for steel companies and the National Wealth Fund (NWF), which aims to commit £5.8 billion to five priority sectors, including green steel. All funding is allocated on a case-by-case basis subject to scrutiny of individual propositions. Businesses seeking the NWF’s finance or support from should contact them directly via their website:

https://www.nationalwealthfund.org.uk/contact-us

Lucy Rigby
Chief Secretary to the Treasury
29th Jun 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 25 June 2026 to Question 11129, how many more estates above the 220 referenced include shares designated as "not listed" on a recognised stock exchange.

Following the reforms to agricultural property relief and business property relief, a total of up to 915 estates only claiming business property relief are forecast to pay more inheritance tax in 2026-27.

Of these, around 700 are forecast to only hold shares designated as “not listed” on the markets of recognised stock exchanges. These shares now receive a maximum of 50 per cent relief in all circumstances.

This analysis is published in the tax information and impact note, which is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made with Cabinet colleagues of the potential impact of the introduction of an overnight visitor levy on hospitality businesses.

The Government has announced powers for Mayors to introduce a visitor levy on short-term overnight accommodation in their region, to drive economic growth, including through support for the local visitor economy.

The precise design and scope of the power is still under development, and the impacts of the levy will largely be determined by local decisions. Mayors will decide whether to introduce a levy and, if so, consult on specific proposals. We expect Mayors to engage constructively with businesses and their communities to hear any concerns. This will inform their decisions and help them to find an appropriate balance between supporting local economic priorities, including tourism, ensuring a levy is affordable, and providing stability and certainty for businesses.

Following consultation, we expect Mayors to publish a summary of the consultation results and their response, including a final prospectus, and an impact assessment.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, whether her Department has made as assessment of the potential impact on a) financial markets and b) borrowing rates of changing the horizon for fiscal rules from five years to ten.

The fiscal rules require the current budget to be in surplus and net financial debt to be falling as a share of the economy by the third year of the rolling forecast period.

Torsten Bell
Parliamentary Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what her policy is on introducing automatic release of funds from unclaimed adult-owned Child Trust Funds.

The Government is aware of proposals for the automatic release of funds in unclaimed matured Child Trust Fund (CTF) accounts. These savings belong to the account holders and are held by private sector providers. The Government does not have the authority to access or transfer these funds.

The Government is committed to reuniting young people with their CTFs. HMRC works with providers, industry representatives and others to raise awareness and help individuals trace their accounts, including through targeted communications and a free GOV.UK tracing service.

The Government has also recently established a dedicated Taskforce to address unclaimed matured CTF accounts and improve outcomes for account holders. This brings together Government and industry to strengthen tracing activity, increase engagement, and support access to funds.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of ending the current exemption for Local Authorities from Financial Conduct Authority regulation for pre-need funeral and cremation services.

The Government legislated in 2021 to bring pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA). This made it illegal for firms to sell pre-paid funeral plans without authorisation from the FCA, protecting 1.6 million customers and their families.

In the preceding public consultation in 2019, the Government stated it had not seen evidence that plans offered by local authorities required regulation from a conduct or prudential perspective. The Government therefore proposed that local authorities should be excluded from FCA regulation, and this position was maintained in the consultation response published in March 2020. The Government is committed to regulating only where there is a clear case for doing so.

Pre-paid funeral plans bought from local authorities fall outside the remit of the Financial Services Compensation Scheme or the Financial Ombudsman Service. Residents who are unhappy with the service they have received can raise a complaint directly with their local authority. Where a complaint remains unresolved, residents in England can submit a complaint to the Local Government and Social Care Ombudsman.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, whether her Department plans to review the current exemption for Local Authorities from Financial Conduct Authority regulation for pre-need funeral and cremation services.

The Government legislated in 2021 to bring pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA). This made it illegal for firms to sell pre-paid funeral plans without authorisation from the FCA, protecting 1.6 million customers and their families.

In the preceding public consultation in 2019, the Government stated it had not seen evidence that plans offered by local authorities required regulation from a conduct or prudential perspective. The Government therefore proposed that local authorities should be excluded from FCA regulation, and this position was maintained in the consultation response published in March 2020. The Government is committed to regulating only where there is a clear case for doing so.

Pre-paid funeral plans bought from local authorities fall outside the remit of the Financial Services Compensation Scheme or the Financial Ombudsman Service. Residents who are unhappy with the service they have received can raise a complaint directly with their local authority. Where a complaint remains unresolved, residents in England can submit a complaint to the Local Government and Social Care Ombudsman.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that people who purchase pre-paid funeral services from a Local Authority outside of current Financial Conduct Authority and Competitions and Markets Authority regulation have adequate consumer protections.

The Government legislated in 2021 to bring pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA). This made it illegal for firms to sell pre-paid funeral plans without authorisation from the FCA, protecting 1.6 million customers and their families.

In the preceding public consultation in 2019, the Government stated it had not seen evidence that plans offered by local authorities required regulation from a conduct or prudential perspective. The Government therefore proposed that local authorities should be excluded from FCA regulation, and this position was maintained in the consultation response published in March 2020. The Government is committed to regulating only where there is a clear case for doing so.

Pre-paid funeral plans bought from local authorities fall outside the remit of the Financial Services Compensation Scheme or the Financial Ombudsman Service. Residents who are unhappy with the service they have received can raise a complaint directly with their local authority. Where a complaint remains unresolved, residents in England can submit a complaint to the Local Government and Social Care Ombudsman.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, whether consumers that purchase pre-paid funeral services from a Local Authority are able to (i) access the Financial Services Compensation Scheme and (ii) make a complaint to the Financial Ombudsman Service.

The Government legislated in 2021 to bring pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA). This made it illegal for firms to sell pre-paid funeral plans without authorisation from the FCA, protecting 1.6 million customers and their families.

In the preceding public consultation in 2019, the Government stated it had not seen evidence that plans offered by local authorities required regulation from a conduct or prudential perspective. The Government therefore proposed that local authorities should be excluded from FCA regulation, and this position was maintained in the consultation response published in March 2020. The Government is committed to regulating only where there is a clear case for doing so.

Pre-paid funeral plans bought from local authorities fall outside the remit of the Financial Services Compensation Scheme or the Financial Ombudsman Service. Residents who are unhappy with the service they have received can raise a complaint directly with their local authority. Where a complaint remains unresolved, residents in England can submit a complaint to the Local Government and Social Care Ombudsman.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed reforms to Stocks and Shares ISAs, including the proposed taxation of interest earned on cash held within such accounts, on (a) retail investors, (b) long-term savings behaviour and (c) confidence in the ISA system; and what steps she is taking to ensure that investors who temporarily hold cash as part of an investment strategy are not disadvantaged.

At Autumn Budget 2025, the Chancellor announced a reduction in the Cash Individual Savings Accounts (ISA) limit for those under 65, to encourage retail investment and drive better returns for savers.

Rules are needed to protect the integrity of the new Cash ISA limit. We have designed the rules to be as simple as possible for providers and consumers, and to retain maximum flexibility for consumers to build an investment portfolio that works for them.

Returns from investing remain tax free. Investors will still be able to hold cash in a non Cash ISA, but a flat rate charge will apply on any interest on cash held within a non Cash ISA to discourage long-term cash holdings.

A flat rate charge on interest on cash holdings in S&S ISAs was previously in operation prior to 1 July 2014.

The Government continues to support cash saving with a generous set of reliefs. Individuals under 65 will still be able to save up to £12,000 into a Cash ISA each year, and any savings income received in a Cash ISA will be tax free. Provisional figures for the average Cash ISA subscription in 2023/24 are £6993.

Outside of the ISA regime, there is a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and £500 for higher rate taxpayers, and the Starting Rate for Savings, which allows for tax free savings income of up to £5,000 for those with earned income below £17,570. This means that in 2026-27 around 84 per cent of people with savings income will pay no tax on that income.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of adequacy of the time taken for National Savings and Investments to action a request for a valuation.

National Savings and Investment (NS&I) customers with an online account can log in and see the value of their investments instantly. Alternatively, NS&I customers can phone the customer service team for a valuation, which can be provided during the phone call.

As noted in my update to Parliament on 19 May, in response issues in its handling of bereavement claims, NS&I is conducting a new, more thorough process for bereavement claims. As a result, valuation requests following a bereavement and tracing valuation requests received by NS&I via post are taking longer than the usual 14 days for NS&I to process. An additional 100 people have been hired to ensure this is temporary and NS&I expects to return to processing bereavement claims within usual service standards by Autumn 2026.

Torsten Bell
Parliamentary Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of a 22% charge on ISA-held interest on household savings behaviour, particularly among low- and middle-income savers.

At Autumn Budget 2025, the Chancellor announced a reduction in the Cash Individual Savings Accounts (ISA) limit for those under 65, to encourage retail investment and drive better returns for savers.

Rules are needed to protect to integrity of the new Cash ISA limit. We have designed the rules to be as simple as possible for providers and consumers, and to retain maximum flexibility for consumers to build an investment portfolio that works for them.

Returns from investing remain tax free. Investors will still be able to hold cash in a non Cash ISA, but a flat rate charge will apply on any interest on cash held within a non Cash ISA to discourage long-term cash holdings.

A flat rate charge on interest on cash holdings in S&S ISAs was previously in operation prior to 1 July 2014.

The Government continues to support cash saving with a generous set of reliefs. Individuals under 65 will still be able to save up to £12,000 into a Cash ISA each year, and any savings income received in a Cash ISA will be tax free. Provisional figures for the average Cash ISA subscription in 2023/24 are £6993.

Outside of the ISA regime, there is a Personal Savings Allowance of up to £1,000 for basic rate taxpayers and £500 for higher rate taxpayers, and the Starting Rate for Savings, which allows for tax free savings income of up to £5,000 for those with earned income below £17,570. This means that in 2026-27 around 84 per cent of people with savings income will pay no tax on that income.

Rachel Blake
Economic Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what artificial intelligence services or tools are used by their department; and whether the department has a contract with each provider of those services.

Artificial intelligence covers a broad range of capabilities, including data analytics, machine learning, automation and newer generative AI tools. These capabilities are widely embedded within modern software and digital services used across government, including HM Treasury. Specific Generative AI tools broadly used by Treasury officials are Copilot365 and internal AI tools such as HMT-GPT, which are built using the Microsoft Azure service and have been assured to the appropriate security standards and approved for official use.

The department holds appropriate commercial contracts and licensing arrangements with suppliers covering the use of these systems and services, including where they incorporate AI.

Rachel Blake
Economic Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, what plans she has to levy a penalty on holding cash in a Stocks and Shares ISA.

From April 2027, the Cash ISA annual limit will be reduced to £12,000 while the limit for Stocks and Shares and Innovative Finance ISA (non-Cash ISAs) will remain at £20,000. The Cash ISA limit for those aged 65 and over will remain at £20,000.

To support this change, a number of rules will be introduced to ensure the policy achieves its objective of encouraging retail investment and supporting better returns for savers. The new rules will minimise the opportunity for the lower Cash ISA limit to be circumvented, while preserving the flexibility needed for legitimate investment activity within non-Cash ISAs. A flat rate charge of 22% will apply from April 2027 to any interest or alternative finance return paid on cash held within a non-Cash ISA to discourage long-term cash holdings. Further details of the changes are in the ISA reform 2027 published factsheet:

ISA reform 2027: anti-circumvention rules factsheet - GOV.UK

Rachel Blake
Economic Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, what guidance has (a) HM Treasury and (b) the FCA given to financial institutions on removing an individual from being treated as a Political Exposed Person from their records once they cease to meet the definition of a PEP under FCA guidance.

The FCA publishes guidance on the requirements of the Money Laundering Regulations (MLRs) with regard to politically exposed persons (PEPs). The guidance is clear that financial institutions must treat PEPs as a PEP for at least 12 months after they leave office, and should apply enhanced due diligence (EDD) measures beyond that only in higher risk circumstances. The guidance is also clear that family members of PEPs should cease to be subject to EDD measures as soon as the person is no longer a PEP, absent any other higher risk factors.

Rachel Blake
Economic Secretary (HM Treasury)
29th Jun 2026
To ask the Chancellor of the Exchequer, what estimate she has made of the value of Australian pension and superannuation capital that could be invested in UK infrastructure projects over the next five years.

The 10 Year Infrastructure Strategy set out the Government's long-term plan for economic, housing and social infrastructure to drive growth. We recently published an update to the Infrastructure Pipeline. The Pipeline is designed to provide certainty to industry and investors, supply chains and contractors. The pipeline currently covers spending of over £250 billion of public finance and over £450 billion of investment from private or blended finance for infrastructure projects.

Government is supporting private infrastructure investment by working with pension funds, including Australian pension funds, who are already significant investors in UK infrastructure projects.

Torsten Bell
Parliamentary Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, whether she has considered the potential impact of reduced economic activity arising from hospitality businesses operating under limited hours due to increased staffing costs in fiscal projections.

The Government recognises the hospitality sector’s vital contribution to jobs, communities, and local economies across the UK. Given the sector’s seasonal and flexible nature, changes in trading patterns may reflect wider economic conditions and consumer demand. The Government monitors the sector closely, engages regularly with businesses, and considers potential economic impacts during policy development, publishing Tax Information and Impact Notes where appropriate.

The Government has announced a range of measures to support employment in hospitality businesses. It is investing £2.5 billion over three years in the Youth Guarantee and Growth and Skills Levy, helping deliver up to 500,000 opportunities to earn and learn. The Employment Allowance was increased to £10,500 and businesses can claim employer NICs reliefs for under-21s and under-25 apprentices.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, whether the Government has considered the impact of rising costs on growth in the hospitality sector, including (a) constraints on existing businesses expanding and (b) deterrence of new entrants, in its projections of tax revenues under current VAT levels.

The Government recognises the hospitality sector’s vital contribution to jobs, communities, and local economies across the UK. Given the sector’s seasonal and flexible nature, changes in trading patterns may reflect wider economic conditions and consumer demand. The Government monitors the sector closely, engages regularly with businesses, and considers potential economic impacts during policy development, publishing Tax Information and Impact Notes where appropriate.

The Government has announced a range of measures to support employment in hospitality businesses. It is investing £2.5 billion over three years in the Youth Guarantee and Growth and Skills Levy, helping deliver up to 500,000 opportunities to earn and learn. The Employment Allowance was increased to £10,500 and businesses can claim employer NICs reliefs for under-21s and under-25 apprentices.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, whether regulatory changes have been implemented following the quashing of Mr Tom Hayes’ conviction by the Supreme Court.

The Government commissioned the independent Wheatley Review in July 2012 to identify and recommend changes to the regulatory framework in light of the LIBOR scandal. The Government accepted the Review’s recommendations and implemented associated reforms to the regulation and oversight of benchmarks.

Since then, LIBOR has been wound down, reflecting concerns about its reliability. This has been supported by coordinated action across government and regulators, alongside the transition to alternative benchmarks. The Treasury engaged closely with regulators throughout the programme to support the transition away from LIBOR. The transition was successfully completed, with all LIBOR settings having now ceased and no significant market disruption arising as a result.

The investigations and subsequent prosecutions relating to the LIBOR scandal were led by the operationally independent Serious Fraud Office. The Government is not able to comment on the specifics of any individual case, but the Government’s position on financial market abuse is clear: it undermines the integrity of public markets, impairs the effectiveness of financial markets, and reduces public confidence in them.

Rachel Blake
Economic Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what discussions her Department has had with regulators regarding LIBOR‑related settlements with banks during the period in which criminal investigations were ongoing.

The Government commissioned the independent Wheatley Review in July 2012 to identify and recommend changes to the regulatory framework in light of the LIBOR scandal. The Government accepted the Review’s recommendations and implemented associated reforms to the regulation and oversight of benchmarks.

Since then, LIBOR has been wound down, reflecting concerns about its reliability. This has been supported by coordinated action across government and regulators, alongside the transition to alternative benchmarks. The Treasury engaged closely with regulators throughout the programme to support the transition away from LIBOR. The transition was successfully completed, with all LIBOR settings having now ceased and no significant market disruption arising as a result.

The investigations and subsequent prosecutions relating to the LIBOR scandal were led by the operationally independent Serious Fraud Office. The Government is not able to comment on the specifics of any individual case, but the Government’s position on financial market abuse is clear: it undermines the integrity of public markets, impairs the effectiveness of financial markets, and reduces public confidence in them.

Rachel Blake
Economic Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of establishing an (a) inquiry and (b) review into (i) the handling of LIBOR manipulation and (ii) the roles of (A) banks, (B) regulators and (C) enforcement bodies.

The Government commissioned the independent Wheatley Review in July 2012 to identify and recommend changes to the regulatory framework in light of the LIBOR scandal. The Government accepted the Review’s recommendations and implemented associated reforms to the regulation and oversight of benchmarks.

Since then, LIBOR has been wound down, reflecting concerns about its reliability. This has been supported by coordinated action across government and regulators, alongside the transition to alternative benchmarks. The Treasury engaged closely with regulators throughout the programme to support the transition away from LIBOR. The transition was successfully completed, with all LIBOR settings having now ceased and no significant market disruption arising as a result.

The investigations and subsequent prosecutions relating to the LIBOR scandal were led by the operationally independent Serious Fraud Office. The Government is not able to comment on the specifics of any individual case, but the Government’s position on financial market abuse is clear: it undermines the integrity of public markets, impairs the effectiveness of financial markets, and reduces public confidence in them.

Rachel Blake
Economic Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of young people financially excluded from mainstream banking, savings and credit products.

Ensuring all individuals have access to the financial products they need is a key priority for the Government. The Financial Inclusion Strategy, published in November last year, sets out a range of ambitious measures for the Government and industry to improve financial inclusion and resilience for underserved groups across the UK.

The FCA’s Financial Lives Survey provides data on a wide range of financial inclusion metrics, including for younger adults. The latest report can be found here - https://www.fca.org.uk/financial-lives/financial-lives-2024

The Financial Inclusion Strategy is acting to address financial exclusion, including through interventions to: i) make it easier for individuals without standard ID to open a bank account through a pilot partnership with banks and charities, ii) make financial products more accessible through an inclusive design industry working group, iii) support individuals to build savings through workplace savings schemes and iv) increase the provision of affordable credit through new funding for credit unions and a pilot to explore small sum lending for mainstream banks.

Rachel Blake
Economic Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what guidance her Department provides on the statutory and non‑statutory protections that are available to people who provide information to authorities about financial misconduct.

This is a matter for the Financial Conduct Authority (FCA), which is an independent, non-governmental body. The FCA will respond to the hon. Member, and a copy of the letter will be placed in the Library of the House of Commons.

Rachel Blake
Economic Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, whether (a) her Department or (b) HMRC has undertaken (i) research and (ii) analysis on the potential impact of the level of the combined marginal rate of income tax and employee National Insurance contributions on incomes between £100,000 and £125,140 on work incentives, including the effect of student loan deductions.

The Government recognises that taxpayers earning between £100,000 and £125,140 face a higher marginal tax rate due to the tapering of the tax-free Personal Allowance, introduced in 2010-11.

A breakdown of income tax liabilities is published by HMRC, and the most recent update from June 2025 is available at: https://www.gov.uk/government/statistics/income-tax-liabilities-statistics-tax-year-2022-to-2023-to-tax-year-2025-to-2026

The Plan 2 Student Loan Scheme was introduced in 2012 under the Conservative and Liberal Democrat Coalition Government.

We will continue to keep the terms of the system under review to ensure the system protects taxpayers and students now and in the future.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, with reference to the Answer of 13 January 2026 to Question 102817 on Public Houses: Business Rates, in which dataset and table number is the requested information provided by billing authority area for (a) 226 and (b) 227 special category codes.

The Valuation Office Agency published data comparing changes between the 2023 non-domestic rating lists and 2026 draft non-domestic rating lists on GOV.UK.

These statistics were released alongside the publication of the 2026 draft list.

They contain information about changes in the mean Rateable Value of public houses (RVL_5 _1, Row 13) and changes by administrative area (RVL_2_1). A data set collating the two is not published.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, what actions she is taking in response to the Comptroller & Auditor General's disclaimed opinion on the 2024-25 Whole of Government accounts.

HM Treasury recognises the seriousness of the Comptroller and Auditor General’s disclaimed opinion on the 2024-25 Whole of Government Accounts and is taking action in three key areas:

  1. Addressing the root cause – local audit system issues:

o The disclaimer reflects systemic issues in the local government audit market, including delays in audited accounts and a lack of audit assurance.

o Government is progressing wider audit system reforms and legislation to restore local audit capacity and timeliness, which are critical to resolving the underlying cause.

  1. Improving completeness and transparency of WGA data:

o HM Treasury has reduced the level of missing data in 2024‑25, while continuing to include available (including unaudited) data to maximise transparency to Parliament.

o This reflects a deliberate approach to ensure WGA remains a comprehensive and timely picture of the public finances, even while wider audit issues are being resolved.

  1. Driving recovery and restoring full audit assurance

o The 2024‑25 WGA represents the final year of the recovery plan, with actions already taken to return reporting timetables to normal and support improved data submission.

o For future years, the Government will continue to work across departments and local government authorities to restore full audit assurance to WGA over time, recognising this as a priority for accountability and scrutiny.

Lucy Rigby
Chief Secretary to the Treasury
23rd Jun 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 June 2026 to Question 3790 on 10 Downing Street: Libraries, whether she has donated a book to the Prime Minister’s library.

The Chancellor of the Exchequer will consider making a donation to the Prime Minister's Library in due course.

Lucy Rigby
Chief Secretary to the Treasury
25th Jun 2026
To ask the Chancellor of the Exchequer, whether the United Kingdom will be participating in the Erasmus+ programme’s European Solidarity Corps.

On 17 December 2025 the UK announced the conclusion of negotiations on the UK’s association to Erasmus+. This commitment covers 2027, the final year in the EU Multiannual Financial Framework (MFF). Under the current MFF, the European Solidarity Corps is a distinct programme to which the UK is not associated.

The European Commission has proposed that the European Solidarity Corps will become part of Erasmus+ in the next MFF, covering 2028-34, although the EU’s internal negotiations on programme design are continuing. Any association by the UK to Erasmus+ in the next MFF is a matter for future decisions and negotiation.

Lucy Rigby
Chief Secretary to the Treasury
26th Jun 2026
To ask the Chancellor of the Exchequer, what her Department's policy is on the issuing of war bonds.

On 30 June, the Prime Minister announced £15bn of additional defence spending for the Defence Investment Plan. More information, including a ‘Funding Explainer’, is available online: https://www.gov.uk/government/publications/the-defence-investment-plan.

Lucy Rigby
Chief Secretary to the Treasury
17th Jun 2026
To ask His Majesty's Government what plans they have, if any, to provide additional police funding to the Northern Ireland Executive as a result of the costs incurred in policing the recent street disorder in Belfast.

On 18 June the Secretary of State for Northern Ireland announced a £4 million one‑off in‑year funding provision to provide immediate support to the Police Service of Northern Ireland given the significant challenges they faced in confronting the disorder.

The emergency funding will help with the costs incurred by the PSNI during the disorder, including the cost of the Mutual Aid support and overtime paid to police officers.

Lord Livermore
Financial Secretary (HM Treasury)
26th Jun 2026
To ask the Chancellor of the Exchequer, what enforcement mechanisms will be used to detect and prevent the (a) misclassification and (b) rerouting of steel imports to avoid steel tariffs.

Steel imports are subject to the same risk-based, intelligence-led compliance checks the UK applies across all imports. HMRC and Border Force take appropriate enforcement action where cases of non-compliance or deliberate fraud are detected. Businesses and individuals who do not comply with customs controls may be liable to civil or criminal penalties.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, whether her Department has any plans to consider expanding the Digital Services Tax to include Artificial Intelligence (a) products and (b) companies.

The Digital Services Tax (DST) is a 2 per cent tax to ensure that providers of search engines, social media platforms, and online marketplaces pay UK tax on digital services that reflects the value they derive from UK user-related activities. The DST raised around £800 million of revenues in the financial year 2024-25 in support of vital public services.

DST was introduced as an interim solution to the challenges posed by the digitalisation of the economy to the international corporate tax framework. The UK remains committed to withdrawing DST once a suitable global solution to these challenges is established.

The UK has sought to play an active and constructive role in helping to develop that solution over several years of negotiation.

The Government keeps all aspects of the tax system under review. Any potential tax changes would need to be considered carefully as part of the wider Budget process, with decisions taken by the Chancellor at a fiscal event.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of more timely Income Tax Self Assessment payments on people with fluctuating incomes.

At Autumn Budget 2025, the government announced more timely payments for Income Tax Self Assessment and committed to developing the policy with stakeholders through a public consultation. The consultation is now live on www.gov.uk and will close on 4 August 2026.

The government recognises that Self Assessment taxpayers may have seasonal or irregular income patterns and is carefully considering as part of the consultation process how to support such customers. The government welcomes responses from those who may be affected, which will inform the final policy design.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
25th Jun 2026
To ask the Chancellor of the Exchequer, what steps she is taking to support Venture Capital Trust-backed technology businesses.

At Budget, the government announced a comprehensive package of measures designed to provide enhanced support for businesses seeking to start and scale in the UK. This included doubling the annual, lifetime and gross assets limits on investment which companies can receive through the Enterprise Investment Scheme and Venture Capital Trust scheme.

Overall, the changes we made are forecast to increase investment by around £100m per year into high-growth scaling companies, including those in the technology sector.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, with reference to the Answer of 6 November 2002 to Question 78643 on Ministers (Tax), whether the policy of a tax exemption on the benefit in kind of Ministerial accommodation includes council tax.

The tax rules for employment-related living accommodation apply to Government ministers in the same way as they do to all employees.

Information on the living accommodation exemption is set out in HMRC’s guidance at: www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim11332

Dan Tomlinson
Exchequer Secretary (HM Treasury)
23rd Jun 2026
To ask the Chancellor of the Exchequer, what guidance HMRC has issued on second homes stamp duty tax (a) avoidance and (b) evasion, and the level of the penalties that should be applied.

HMRC’s guidance on purchases of additional dwellings is set out at the links below:

GOV.uk guidance

https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

HMRC Stamp Duty Land Tax manual -

https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm09735

SDLT penalties for inaccurate returns are charged under Schedule 24 Finance Act 2007. HMRC’s approach to compliance (including Schedule 24 penalties) is set out in its Compliance Handbook. The Compliance Handbook pages on penalties can be found at the links below:

Compliance Handbook “Charging Penalties”

https://www.gov.uk/hmrc-internal-manuals/compliance-handbook/ch400000

Compliance Handbook “Charging Penalties: establishing penalty behaviour”

https://www.gov.uk/hmrc-internal-manuals/compliance-handbook/ch402050

Dan Tomlinson
Exchequer Secretary (HM Treasury)