HM Treasury

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



Secretary of State

 Portrait

Rachel Reeves
Chancellor of the Exchequer

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

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

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

Liberal Democrat
Charlie Maynard (LD - Witney)
Liberal Democrat Spokesperson (Chief Secretary to the Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Lord Altrincham (Con - Excepted Hereditary)
Shadow Minister (Treasury)
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
James Wild (Con - North West Norfolk)
Shadow Exchequer Secretary (Treasury)
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
Ministers of State
Lord Livermore (Lab - Life peer)
Financial Secretary (HM Treasury)
James Murray (LAB - Ealing North)
Chief Secretary to the Treasury
Lord Stockwood (Lab - Life peer)
Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
Dan Tomlinson (Lab - Chipping Barnet)
Exchequer Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
There are no upcoming events identified
Debates
Thursday 12th March 2026
Select Committee Docs
Wednesday 11th March 2026
09:45
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
Monday 16th March 2026
Fuels: Excise Duties
To ask the Chancellor of the Exchequer, with reference to HC Deb 9 March 2026, vol. 782 column 47, to …
Secondary Legislation
Friday 13th March 2026
Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2026
These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) (“the Contributions Regulations”) with effect from 6th April 2026. …
Bills
Wednesday 4th March 2026
Supply and Appropriation (Anticipation and Adjustments) (No. 2) Bill 2024-26
A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and …
Dept. Publications
Monday 16th March 2026
16:30

HM Treasury Commons Appearances

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

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

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

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

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

Bills currently before Parliament

HM Treasury does not have Bills currently before Parliament


Acts of Parliament created in the 2024 Parliament

Introduced: 25th June 2025

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

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

Introduced: 13th November 2024

A Bill to make provision about secondary Class 1 contributions.

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

Introduced: 6th November 2024

A Bill to make provision about finance.

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

Introduced: 25th July 2024

A Bill to amend the Crown Estate Act 1961.

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

Introduced: 5th March 2025

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

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

Introduced: 6th November 2024

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

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

Introduced: 18th July 2024

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

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

Introduced: 24th July 2024

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

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

HM Treasury - Secondary Legislation

These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) (“the Contributions Regulations”) with effect from 6th April 2026. They are made in consequence of annual regulations setting the rate at which Class 2 National Insurance contributions are payable which are made under section 141 of the Social Security Administration Act 1992 (c. 5) and section 129 of the Social Security Administration (Northern Ireland) Act 1992 (c. 8).
These Regulations amend the Childcare Payments (Eligibility) Regulations 2015 (S.I. 2015/448) (“the 2015 Regulations”), which contain the detailed requirements a person must satisfy to receive top-up payments under the Childcare Payments Act 2014 (c. 28) for support with childcare.
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
Petition Open
19,709 Signatures
(1,283 in the last 7 days)
Petition Open
7,792 Signatures
(439 in the last 7 days)
Petition Open
218 Signatures
(163 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.

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

View All HM Treasury Petitions

Departmental Select Committee

Treasury Committee

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

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

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


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

50 most recent Written Questions

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

10th Mar 2026
To ask the Chancellor of the Exchequer, what steps she is taking to (a) support farmers with the cost of red diesel and (b) improve transparency and competitiveness in the red diesel market.

Farmers retained the entitlement to use red diesel for agricultural machinery after it was withdrawn from most sectors in 2022. Red diesel used in agriculture is subject to fuel duty at just 10.18p per litre compared to 52.95p for diesel used on roads, representing savings of almost £300m p.a. for the agricultural sector.

At Budget 2025, the Government extended the temporary 5p fuel duty cut alongside extending the proportionate percentage cut for rebated fuels, which includes red diesel. This maintains the red diesel rate at the levels set in March 2022 at 10.18p per litre until the end of August 2026, with rates then gradually returning to March 2022 levels by March 2027, an increase of less than 1p a litre. The planned inflation increase for 2026-27 has also been cancelled.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
11th Mar 2026
To ask the Chancellor of the Exchequer, what steps she is taking to support small haulage companies with fuel costs.

The Government is taking action to ensure that fuel at the pump remains affordable. At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027. The 5p cut was introduced at following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.

The Government's action on fuel duty will save the average heavy goods vehicle more than £800 in 2026/27 compared to the plans inherited from the previous government. This follows an extended period where freezes to fuel duty have resulted in substantial savings for the haulage industry.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 2 February 2026 to Question 107997 on Council tax, valuation, whether the new council tax surcharge will entail new value significant codes; and whether new codes were created for the council tax revaluation in Wales.

The Valuation Office Agency (VOA) is developing its approach to the High Value Council Tax Surcharge and will set out more details in due course, alongside the government's consultation in 2026.

For the Council Tax revaluation in Wales, the VOA has not collected additional codes over and above those already used within England and Wales.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
10th Mar 2026
To ask the Chancellor of the Exchequer, with reference to HC Deb 9 March 2026, vol. 782 column 47, to which specific parliamentary votes was the Chancellor referring when she said opposition parties had voted against freezes in fuel duty.

As part of the debate on the “Middle East: Economic Update”, the Chancellor referred to votes relating to two Budgets, which included the policy decisions to extend the 5 pence per litre cut to fuel duty.

The 5p cut extensions have been legislated via Statutory Instrument. The primary legislative vehicle for Budget policy decisions is the Finance Bill. At second readings of the Finance Bills, the House debates the whole principle of each bill. For divisions on the second readings of the Finance Bills in 2024 and 2025, a number of opposition parties voted against, including the Conservatives.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, what percentage of reports of suspected tax-fraud made to HMRC by members of the public (a) result in an investigation, (b) result in the recovery of money, (c) result in a criminal conviction.

HMRC does not hold this data.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that HMRC adequately interprets the provisions of the (a) McCann report and the (b) Government's response, in the context of support for people affected by the Loan Charge.

This Government recognised that concerns continued to be raised about the loan charge and that some felt strongly that it had not been handled appropriately.

The Government therefore commissioned an independent review of the loan charge to bring the matter to a close for those affected, ensure fairness for all taxpayers and ensure that appropriate support is in place for those subject to the loan charge.

The Government accepted the review’s conclusion that the loan charge was an extraordinary piece of Government policy which necessitated an exceptional response, and is now legislating to give HMRC the power to administer a new settlement opportunity.

To encourage more people to settle, the Government will write off the first £5,000 of liabilities in addition to the proposals put forward by Ray McCann. As a result, most individuals could see reductions of at least 50% in their outstanding loan charge liabilities, and an estimated 30% of individuals could have these liabilities written off entirely.

The Government’s response to the review represents a fair and proportionate attempt to provide a route to resolution for those who have not yet been able to settle with HMRC. In turn, this requires those individuals to now come forward and engage with HMRC in good faith.

HMRC is committed to working sensitively and pragmatically with taxpayers to reach settlement. This includes offering flexible payment terms where people need more time to pay their liabilities.

The Government takes the wellbeing of all taxpayers very seriously. Vulnerable customers can make use of HMRC’s well-established Extra Support Service.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
2nd Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the value-for-money to the taxpayer of the Loan Charge.

This government recognised that concerns continued to be raised about the loan charge and that some felt strongly that it had not been handled appropriately.

The Government therefore commissioned an independent review of the loan charge to bring the matter to a close for those affected, ensure fairness for all taxpayers and ensure that appropriate support is in place for those subject to the loan charge.

The Government accepted the review’s conclusion that the loan charge was an extraordinary piece of Government policy which necessitated an exceptional response, and is now legislating a new settlement opportunity that will assist those who have not yet settled to do so.

To encourage more people to settle, the Government will write off the first £5,000 of liabilities in addition to the proposals put forward by Ray McCann. As a result, most individuals could see reductions of at least 50% in their outstanding loan charge liabilities, and an estimated 30% of individuals could have these liabilities written off entirely.

The Government’s response to the review represents a fair and proportionate attempt to provide a route to resolution for those who have not yet settled with HMRC. In turn, this requires those individuals to now come forward and engage with HMRC in good faith.

Tax avoidance deprives the Exchequer of funds needed to deliver vital public services and it is right that resources are targeted to stop this. There are no plans to apply the review’s recommendations beyond those individuals and employers with outstanding liabilities that were the focus of the review.

At the Budget, the Government announced action to tackle tax avoidance by umbrella companies, where most disguised remuneration now takes place. The Government is introducing legislation, effective from April 2026, to make recruitment agencies using umbrella companies legally responsible for accounting for PAYE on workers’ pay. Where there is no agency in the supply chain, this responsibility will fall to the end client.

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

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

HM Revenue and Customs (HMRC) has brought into charge more than £4 billion from its work tackling disguised remuneration.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
2nd Mar 2026
To ask the Chancellor of the Exchequer, if she will offer the same settlement terms that will be provided in the settlement opportunity resulting from the implementation of the McCann Review to those that have already settled with HMRC.

This government recognised that concerns continued to be raised about the loan charge and that some felt strongly that it had not been handled appropriately.

The Government therefore commissioned an independent review of the loan charge to bring the matter to a close for those affected, ensure fairness for all taxpayers and ensure that appropriate support is in place for those subject to the loan charge.

The Government accepted the review’s conclusion that the loan charge was an extraordinary piece of Government policy which necessitated an exceptional response, and is now legislating a new settlement opportunity that will assist those who have not yet settled to do so.

To encourage more people to settle, the Government will write off the first £5,000 of liabilities in addition to the proposals put forward by Ray McCann. As a result, most individuals could see reductions of at least 50% in their outstanding loan charge liabilities, and an estimated 30% of individuals could have these liabilities written off entirely.

The Government’s response to the review represents a fair and proportionate attempt to provide a route to resolution for those who have not yet settled with HMRC. In turn, this requires those individuals to now come forward and engage with HMRC in good faith.

Tax avoidance deprives the Exchequer of funds needed to deliver vital public services and it is right that resources are targeted to stop this. There are no plans to apply the review’s recommendations beyond those individuals and employers with outstanding liabilities that were the focus of the review.

At the Budget, the Government announced action to tackle tax avoidance by umbrella companies, where most disguised remuneration now takes place. The Government is introducing legislation, effective from April 2026, to make recruitment agencies using umbrella companies legally responsible for accounting for PAYE on workers’ pay. Where there is no agency in the supply chain, this responsibility will fall to the end client.

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

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

HM Revenue and Customs (HMRC) has brought into charge more than £4 billion from its work tackling disguised remuneration.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
2nd Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of HMRC’s approach to dealing with disguised remuneration schemes.

This government recognised that concerns continued to be raised about the loan charge and that some felt strongly that it had not been handled appropriately.

The Government therefore commissioned an independent review of the loan charge to bring the matter to a close for those affected, ensure fairness for all taxpayers and ensure that appropriate support is in place for those subject to the loan charge.

The Government accepted the review’s conclusion that the loan charge was an extraordinary piece of Government policy which necessitated an exceptional response, and is now legislating a new settlement opportunity that will assist those who have not yet settled to do so.

To encourage more people to settle, the Government will write off the first £5,000 of liabilities in addition to the proposals put forward by Ray McCann. As a result, most individuals could see reductions of at least 50% in their outstanding loan charge liabilities, and an estimated 30% of individuals could have these liabilities written off entirely.

The Government’s response to the review represents a fair and proportionate attempt to provide a route to resolution for those who have not yet settled with HMRC. In turn, this requires those individuals to now come forward and engage with HMRC in good faith.

Tax avoidance deprives the Exchequer of funds needed to deliver vital public services and it is right that resources are targeted to stop this. There are no plans to apply the review’s recommendations beyond those individuals and employers with outstanding liabilities that were the focus of the review.

At the Budget, the Government announced action to tackle tax avoidance by umbrella companies, where most disguised remuneration now takes place. The Government is introducing legislation, effective from April 2026, to make recruitment agencies using umbrella companies legally responsible for accounting for PAYE on workers’ pay. Where there is no agency in the supply chain, this responsibility will fall to the end client.

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

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

HM Revenue and Customs (HMRC) has brought into charge more than £4 billion from its work tackling disguised remuneration.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, what evidence her Department submitted to the Office for National Statistics' review of the ethnicity harmonised standard, including in relation to the recording of Sikhs and Jewish people as ethnic groups.

A review of the harmonised standard for ethnicity data collection is underway by the Government Statistical Service Harmonisation team.

A public consultation between October 2025 and February 2026 sought views from a wide range of users, including Government Departments and public bodies, to understand user needs for ethnic group data. This was supplemented by a programme of engagement activity, including with representatives of all government departments.

ONS have committed to providing an initial response to the public consultation in April, and a full report on the consultation in late summer 2026 will include more detailed information on the departments that responded to the consultation.

Lucy Rigby
Economic Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, with reference to the Office of Financial Sanctions Implementation's blog entitled OFSI and partners clamp down on the abuse of cryptoassets, of 28 January 2026, whether the OFSI will examine crypto donations being made to political organisations.

Since 2020, UK cryptoasset firms have been subject to the Money Laundering and Terrorist Financing Regulations, requiring strict supervision, customer checks and suspicious activity reporting. Since 2023, these firms have also been required to collect, verify and share information about the sender and receiver of transfers.

The Treasury’s Office of Financial Sanctions Implementation (OFSI) works alongside other government agencies to tackle the threats posed to sanctions by illicit cryptoasset activity. While OFSI does not comment on individual cases, it is fully prepared to investigate any sanctions offences, including those that may involve donations to political organisations.

The rules for donations in cryptoassets apply in the same way as they do for any other political donations. The Government announced in December 2025 that the independent Rycroft Review will assess current financial rules and safeguards that regulate political finance and political parties. The Review will specifically consider safeguards against illicit funding streams, including difficult-to-trace assets such as cryptoassets.

Lucy Rigby
Economic Secretary (HM Treasury)
9th Mar 2026
To ask the Chancellor of the Exchequer, whether she plans to review the legal age at which an individual may enter into consumer credit and legally binding contracts.

Capacity to contract is a core principle in British contract law and is designed to protect people who lack the necessary capacity to enter into a binding agreement. Most adults, typically those who are aged 18 and over, are presumed to possess contractual capacity.

The Consumer Credit Act (1974) makes it a criminal offence to offer credit to a minor.

Lucy Rigby
Economic Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 21 November 2025 to Question 90226 on Business Rates: Tax Allowances, if she will publish data for the number of hereditaments on the 2026 Rating List with a Rateable Value above £500,000 by Special Category code.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
10th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made that the support offered to the hotel sector on business rates is sufficient to protect jobs and investment, in the context of the significant rise in valuations.

At the Budget, the VOA 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 as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

The Government is also introducing new permanently lower tax multipliers for eligible retail, hospitality and leisure (RHL) properties. These new tax rates will benefit over 750,000 properties.

The Government has heard concerns from hotels about the ways they are valued for business rates and has committed to reviewing this.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
10th Mar 2026
To ask the Chancellor of the Exchequer, what steps she has taken to ensure that the hotel sector has not been disproportionately impacted by the rise in business rates.

At the Budget, the VOA 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 as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

The Government is also introducing new permanently lower tax multipliers for eligible retail, hospitality and leisure (RHL) properties. These new tax rates will benefit over 750,000 properties.

The Government has heard concerns from hotels about the ways they are valued for business rates and has committed to reviewing this.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
10th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the business rates system on the hotel sector.

At the Budget, the VOA 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 as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

The Government is also introducing new permanently lower tax multipliers for eligible retail, hospitality and leisure (RHL) properties. These new tax rates will benefit over 750,000 properties.

The Government has heard concerns from hotels about the ways they are valued for business rates and has committed to reviewing this.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, what steps she is taking to ensure the business rates system supports the regeneration of high streets.

The Government has already started the work of reforming our business rates system by introducing new permanently lower multipliers for eligible retail, hospitality and leisure (RHL) properties. These new multipliers will benefit over 750,000 properties.

The Government is paying for this through higher rates on the top one per cent of most expensive properties. This includes many large distribution warehouses, such as those used by online giants. The high value multiplier is 33% more than the multiplier for small RHL properties.

The new RHL multipliers replace the temporary RHL relief that has been winding down since the pandemic. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
11th Mar 2026
To ask the Chancellor of the Exchequer, what plans her Department has to review taxes across the tobacco and nicotine category in the context of regulation changes to the tobacco and nicotine market via the Tobacco and Vapes Bill and the planned revision of the EU Tobacco Products Directive.

The Government keeps all taxes under review as part of the annual Budget process and will continue to monitor the progress of the EU Tobacco Products Directive as it goes through the EU legislative process.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
11th Mar 2026
To ask the Chancellor of the Exchequer, how the vape excise tax will be evaluated to ensure that it reduces youth vaping, maintains smoker switching and reduces the illicit market.

From 1 October 2026, the government will introduce a Vaping Products Duty of £2.20 per 10ml, alongside a one‑off increase in Tobacco Duty to maintain the incentive for smokers to switch from tobacco to vaping.

To minimise the risk of switching to the illicit market, the government has provided a £10 million funding boost to Trading Standards, up to £10 million from HMRC for Border Force to enhance operational information gathering capabilities between 2026-27 and over 300 new HMRC compliance officers to strengthen enforcement.

Consideration will be given to evaluating the impact and effectiveness of the Vaping Products Duty once sufficient data has been collected, particularly among young people and non-smokers. This will be in line with policy objectives and wider government aims of creating a smokefree generation.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
9th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of VAT liability on further education colleges’ capacity to deliver the skills priorities set out in the Industrial Strategy; and whether her Department plans to extend VAT exemption to further education colleges.

Further Education (FE) funding is vital to ensure people are being trained in the skills they need to thrive in the modern labour market. The 2025 Spending Review provided an additional £1.2 billion per year by 2028-29 for skills and £1.7 billion of capital funding to help colleges maintain the condition of their estate. In addition, the Government is providing £375 million of capital investment to support the FE system to accommodate increasing student numbers.

For their non-business activity, FE colleges are unable to reclaim VAT incurred. We operate several VAT refund schemes for schools and academies which are designed variously to ensure that VAT is not a burden on local taxation, and that academies are not disincentivised to leave LA control. FE colleges do not meet the criteria for either scheme.

In relation to business activity, FE colleges enjoy an exemption from VAT which means that they do not have to charge VAT to students but cannot recover it either.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 2 February 2026 to Question 107997 on Council tax, valuation, if he will list the DwellingHouse Codes that the Valuation Office Agency uses for council tax.

Dwelling house codes are used by the VOA internally to classify dwellings by Group and Type – there are therefore no plans to publish these.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 4 February 2026, to Question 109138, on business rates, whether the 2026 revaluation was subject to Collective Cabinet responsibility and agreement, or whether it was deemed part of a fiscal event.

The VOA is responsible for valuing non-domestic property for business rates purposes. They are required by law to compile and maintain up-to-date rating lists for non-domestic properties in England and Wales, impartially and independent of central government.

The Treasury worked closely with the Ministry for Housing, Communities and Local Government in the run up to Budget once the VOA shared the results of the changes in rateable values. That is why the Government introduced a support package at Budget worth £4.3 billion, to protect ratepayers seeing large bill increases.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 21 January 2026 to Question 105190 on Council tax: Valuation, whether a new computer system is being developed to undertake valuations for the new council tax surcharge.

The Valuation Operating System for Council Tax was launched in 2025 and supports all Council Tax work in England and Wales, including the High Value Council Tax Surcharge.
Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the (a) National Insurance increase, (b) National Living Wage, (c) Increase in Beer excise duty, (d) the Tobacco and Vapes Bill and (e) the increase to business rates on the hospitality industry in (1) England and (2) other constituent nations.

The Government recognises the important contribution that businesses in the hospitality sector make to local communities, the high street and the wider economy across the UK. The potential impacts of changes on this sector are carefully considered as part of policy development.

Where changes are made, relevant impact notes and assessments are published at fiscal events and otherwise as necessary, in line with the Government’s usual practice. The Treasury also engages regularly with the hospitality sector to understand the challenges they face.

The Government continues to provide targeted support to the hospitality sector through the tax system and other policies and keeps all areas of the tax system under review, with future decisions taken at fiscal events under the normal process.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, how much revenue the Exchequer raised from the introduction of VAT to private school fees between 1 January 2025 to 31 December 2025.

At Autumn Budget 2024, the revenue from applying the standard rate of VAT to education and boarding services provided by private schools from 1 January 2025 was estimated at £460 million in 2024-25 and £1,505 million in 2025-26, rising to £1,725 million in 2029-30.

In their November 2025 Economic and Fiscal Outlook, the Office for Budget Responsibility revised the yield from this measure up by an average of £40 million per year, with outturn data providing initial support for the original assumption on pupil movements.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, when HMRC plans to move from Government Gateway to One Login.

HMRC detailed its ambitions for moving to GOV.UK One Login in its Transformation Roadmap which was published in July 2025. This can be found here: HMRC's Transformation Roadmap - GOV.UK

HMRC entered public beta testing for new individual customers (those without a Government Gateway account) in February 2026 and controlled numbers of new users can now sign up to access HMRC digital services through GOV.UK One Login.

This public beta is scheduled to run until June 2026, prior to a full go-live for new individual customers later this year.

This will be followed by existing individuals (those with a Government Gateway account) and agents and organisations, as set out in the Transformation Roadmap.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
10th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made of the cumulative implications for the hotel sector of (a) the recent changes to business rates, (b) the rise in employers’ National Insurance Contributions and (c) the rises in the rates for the National Minimum and Living Wages.

The Government recognises the important contribution that the hotel and wider hospitality sectors make to the economy, to local communities and to the UK’s appeal as a destination for domestic and international tourists. The potential impacts of changes on this sector are carefully considered as part of policy development.

Where changes are made, relevant impact notes and assessments are published at fiscal events and otherwise as necessary, in line with the Government’s usual practice. The Treasury also engages regularly with the hospitality sector to understand the challenges they face.

The Government continues to provide targeted support to the hospitality sector through the tax system and other policies and keeps all areas of the tax system under review, with future decisions taken at fiscal events under the normal process.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
6th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 12 February 2026, to Question 111133, on Housing: Sales, whether HMRC holds information on the number of sales of primary homes by local authority area in 2025.

HMRC does not hold the information requested.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
9th Mar 2026
To ask the Chancellor of the Exchequer, whether she has issued guidance to Cabinet colleagues on making spending commitments over more than a 10 year period.

Spending Review 2025 set department budgets until 2028-29, with an additional year for capital investment.

Alongside the Spending Review, HM Treasury also published a 10-Year Infrastructure Strategy, with 10-year settlements for school rebuilding, Affordable Homes, flood defenses and maintenance budgets for schools, prison, hospitals and other public assets.

James Murray
Chief Secretary to the Treasury
9th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 January 2026 to Question 105537 on Government Departments: Cost Effectiveness, what datasets are Departments required to submit to her Department quarterly as part of the Government Efficiency Framework; and whether there is guidance on the Government Efficiency Framework requirements.

The Government Efficiency Framework sets out guidance on how departments should monitor and report the delivery and realisation of efficiency savings.

James Murray
Chief Secretary to the Treasury
10th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 20 January 2026, to Question 105534, on Public Sector: Pay, if he will publish the names of the three departments or public bodies that were rejected through the senior pay approvals process.

The senior pay control process acts as an additional layer of scrutiny to senior salaries within the public sector and is designed to ensure value for money for the taxpayer. Details of the cases that are submitted through this process are not published. Individual salaries for successful applications are available through the annual reports and accounts of the employing bodies.

James Murray
Chief Secretary to the Treasury
10th Mar 2026
To ask the Chancellor of the Exchequer, what metrics and data points HM Treasury collates on government spending on consultancy.

Information on spending on consultancy each financial year is published and available through individual departments’ Annual Reports and Accounts, which departments input to OSCAR after publication. This is the most accurate source of data on consultancy spending, and is how we judge whether spending targets on consultancy have been met.

James Murray
Chief Secretary to the Treasury
10th Mar 2026
To ask the Chancellor of the Exchequer, with reference to the Guidance on Public Sector Exit Payments: Use of Special Severance Payments, November 2025, whether payments made under the £150 million government employee exit scheme fund will be reportable under the special severance scheme guidance.

Where payments made from the fund meet the criteria of special severance payments, the associated reporting requirements will apply.

James Murray
Chief Secretary to the Treasury
9th Mar 2026
To ask the Chancellor of the Exchequer, whether any Ministers or officials in HM Treasury have met with representatives of oil and gas companies to discuss North Sea oil and gas extraction since 1 March 2026.

Treasury Ministers and officials regularly engage with multiple industry stakeholders. The Chancellor met the UK’s oil and gas sector this month following the events in the Middle East. This included discussing how to navigate this uncertain period and the desire to provide certainty to support jobs in the UK, particularly in Scotland.

James Murray
Chief Secretary to the Treasury
5th Mar 2026
To ask the Chancellor of the Exchequer, with reference to the oral statement of 27 January 2026, Official Report, Col. 770, on business rates, what the evidential basis is that around three quarters of pubs will see their bills either fall or stay the same next year; what number of bills will remain the same; and what number of pubs were at the £110k cap for RHL relief in 2025-26.

The statistic is based on analysis conducted by the Ministry of Housing, Communities and Local Government (MHCLG) using property-level data on rateable values from the Valuation Office Agency, and local authority returns on the value of reliefs and the number of properties receiving reliefs, published in MHCLG’s National Non-Domestic Rates statistics.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 5 February 2026 to Question 109139 on Business Rates: Valuation, if she will publish that analysis.

The government does not routinely publish analysis and advice used during the policy making process.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, whether any crown servant has been (a) dismissed and (b) disciplined for sharing information related to the Budget 2025 without authority.

HM Treasury commissioned a Budget Information Security Review following the November 2025 Budget which was published on 9 February 2026. A copy of the review can be found here: Budget Information Security Review - GOV.UK

No Crown Servants employed by HM Treasury were dismissed or disciplined for the stated reason.

James Murray
Chief Secretary to the Treasury
5th Mar 2026
To ask the Chancellor of the Exchequer, how her Department tracks the exposure of financial institutions to UK sovereign debt.

The ONS publishes estimates of holdings of government debt by sector. The latest available data, as at end 2025 Q3, can be found here - UK Economic Accounts - Office for National Statistics - via the July to September 2025 dataset.

HMT works closely with the Bank of England (“the Bank”), including through its membership of the Bank’s Financial Policy Committee (FPC), to monitor and manage risks to UK financial stability, including any risks that may occur from the exposure of financial institutions to UK sovereign debt.

As part of this the FPC conducts regular stress tests of the banking sector, which assess how banks’ capital and liquidity would withstand a severe macroeconomic shock, ensuring institutions are able to continue to provide core financial services through severe economic shocks which may impact the value of their UK sovereign debt holdings. You can read more about the Bank’s approach to stress testing and the results of the latest stress tests here.

We also work closely with the Prudential Regulation Authority (PRA), which supervises individual firms, to understand the risks arising from those individual firms exposure to UK sovereign debt and ensure that these are managed prudently within the regulatory framework. You can read more about the supervision of financial institutions here.

In 2024, the Bank conducted a world first System‑Wide Exploratory Scenario (SWES), to explore how a broad range of financial institutions (including banks, insurers, pension funds and other non‑bank financial intermediaries) would respond to a severe market shock. The 2024 SWES focused on the functioning and resilience of key markets such as the gilt and gilt repo markets. It sought to understand the behaviour of firms in stress, and how market dynamics can amplify a shock. The Bank’s final report found that actions following previous market shocks have improved gilt market resilience, with the broader financial system showing an improved ability to absorb large price swings in assets, including sovereign bonds, while also highlighting areas for further policy work. You can see the final report from the SWES here.

Taken together these actions – HMTs work with the FPC, regular bank stress tests, PRA supervision, insights from the SWES and ongoing monitoring – ensure that risks arising from financial institutions exposures to UK sovereign debt are well understood and effectively managed.

Lucy Rigby
Economic Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 25 November 2025 to Question 91847 on Leisure: Business Rates, when the analysis on the effects of the multiplier arrangements will be published.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 6 February 2026 to Question 109143 on Business Rate: Uprating, what the evidential basis is for the business rate system raising the same amount of revenue as was forecast before the Spring Budget 2025; and what the date and sources are for the previous estimate.

Business rates receipts are forecast independently by the Office for Budget Responsibility (OBR).

The previous answer that the business rates system will raise the same amount of revenue in the coming year as was forecast before the Spring Budget 2025 is based on a comparison between the OBRs pre-measures forecast at Spring Budget 2025, and forecasts for the same year at Autumn Budget 2025, which incorporates policy costings.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, with reference to page 30 of the Budget 2025 policy costings document, published in November 2025, if she will make an assessment of the reasons for the change in business rate RHL multipliers between 2026-27 and 2027-28.

The retail, hospitality and leisure (RHL) multipliers being introduced from April are worth nearly £1 billion per year and will benefit over 750,000 properties in England.

The Exchequer impact of the new RHL multipliers can be found on page 30 of the ‘Policy costings’ document, published at the Budget and found online at this address: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 2 February 2026 to Question 107997 on Council tax, valuation, if she will publish the list of Value Significant Codes.

Value Significant Codes are used internally by the Valuation Office Agency to indicate specific features that are likely to affect the value of a property – there are therefore no plans to publish these.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 4 February 2026 to Question 108649 on Valuation Office Agency: Training, if she will list the titles of the 400 internal training opportunities in relation to council tax and business rates.

The VOA training modules are for internal use only and are not routinely published.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
27th Feb 2026
To ask His Majesty's Government what consideration they have given, if any, to abolishing stamp duty.

The Government has no plans to abolish Stamp Duty Land Tax (SDLT). SDLT continues to be an important source of Government revenue, raising around £14 billion each year to help pay for the essential services the Government provides.

Lord Livermore
Financial Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, whether she has made an assessment of the adequacy of the Valuation Office Agency's responses to Member's correspondence, including on matters of confidentiality.

The Valuation Office Agency is committed to protecting taxpayer confidentiality in line with its duty under the Commissioners for Revenue and Customs Act 2005.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 4 February 2026, to Question 108650, on Gardens: Council tax, whether there is internal guidance on how gardens are valued for council tax, other than prevailing legislation.

Where a dwelling includes a garden, then this will be reflected in the valuation subject to the legislative framework. The Valuation Office Agency’s internal guidance on when gardens are included in the valuation can be found in the Council Tax Manual, published online here.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
4th Mar 2026
To ask the Chancellor of the Exchequer, for what reason the council tax surcharge and the ordinary council tax charge for new builds will be based on different antecedent valuation dates from April 2028.

Council Tax bands are based on the price a property could have sold for on a fixed date set in law. The High Value Council Tax Surcharge (HVCTS) is in addition to Council Tax. This will be a new charge on owners of residential property in England worth £2 million or more in 2026, taking effect in 2028. The precise antecedent valuation date for HVCTS has not yet been set in legislation.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
5th Mar 2026
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of easing taxes for elderly residents who are privately funding their care home place.

There are a wide range of factors to take into consideration when introducing a tax relief. These include how effective the relief would be at achieving the policy intent, how targeted support would be, whether it adds complexity to the tax system, and the cost.

Tax reliefs are typically of greatest benefit to those paying higher rates of tax. Furthermore, new reliefs also add complexity to the tax system and are likely to result in similar calls for reliefs on other forms of personal expenditure or income, which others may argue are equally deserving.

To support social care authorities to deliver key services, in light of pressures, the Government is making available up to £3.7 billion of additional funding for social care authorities in 2025/26, which includes a £880 million increase in the Social Care Grant. This is part of an overall increase to local Government spending power of 6.8% in cash terms.

Moreover, the Government is making available around £4.6 billion of additional funding for adult social care in 2028/29 compared to 2025/26, to support the sector to improve adult social care.

The Government recognises the significant challenges facing the adult social care system and is committed to transforming the sector and supporting the care workforce. Baroness Louise Casey is leading an independent commission to build consensus on reform. The first phase will report in 2026 and will focus on how to make the most of existing resources.

Dan Tomlinson
Exchequer Secretary (HM Treasury)
4th Mar 2026
To ask the Chancellor of the Exchequer, what assessment she has made with Cabinet colleagues of the potential impact of rent inflation plays on levels of in-work poverty.

According to the latest ONS data, annual rental price inflation slowed to 3.5% in January 2026, after peaking at 9.1% in March 2024. However, the Government recognises the pressure that rental inflation places on the finances of working households in the private rental sector.

The Government is taking action to reduce levels of in-work poverty for families by tackling the cost of living. Thanks to decisions the Government made at the Budget, households across Britain will now save around £150 on energy bills from April 2026. We have also removed the two-child benefit cap, which will lift 450,000 children out of poverty and we have increased the minimum wage, so that those on low incomes are properly rewarded for their hard work. Alongside this, the Government is taking steps to increase housing supply and improve conditions in the private rented sector, helping to ease pressure on renters.

Torsten Bell
Parliamentary Secretary (HM Treasury)