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

John Healey
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)

Green Party
Ellie Chowns (Green - North Herefordshire)
Green Spokesperson (Treasury)

Conservative
Andrew Griffith (Con - Arundel and South Downs)
Shadow Chancellor of the Exchequer
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)
Gareth Davies (Con - Grantham and Bourne)
Shadow Financial Secretary (Treasury)
Peter Bedford (Con - Mid Leicestershire)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
John Cooper (Con - Dumfries and Galloway)
Shadow Exchequer Secretary (Treasury)
Ministers of State
Emma Reynolds (Lab - Wycombe)
Chief Secretary to the Treasury
James Murray (LAB - Ealing North)
Financial Secretary to the Treasury and Paymaster General
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
Lord Pitt-Watson (Lab - Life peer)
Parliamentary Secretary (HM Treasury)
There are no upcoming events identified
Debates
Tuesday 20th October 2026
Select Committee Docs
Tuesday 20th October 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
Thursday 22nd October 2026
Government Departments: Procurement
To ask the Chancellor of the Exchequer, what steps he is taking to reduce the public spend in offshore companies.
Secondary Legislation
Monday 12th October 2026
Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2026
These Regulations add to the list of “relevant enactments” for the purposes of sections 13 to 17 of the Financial …
Bills
Tuesday 1st September 2026
Sovereign Grant Bill 2026-27
A Bill to Specify the amount of the Sovereign Grant for the financial year 2027-28 and the percentage of the …
Dept. Publications
Thursday 22nd October 2026
16:34

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: 30th June 2026

A Bill to authorise the use of resources for the year ending with 31 March 2027; 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 2026.

This Bill received Royal Assent on 15th July 2026 and was enacted into law.

Introduced: 24th June 2026

A Bill to Increase the rate of electricity generator levy and mileage amounts relating to income tax and to provide for temporary rates of vehicle excise duty for goods vehicles.

This Bill received Royal Assent on 15th July 2026 and was enacted into law.

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

These Regulations add to the list of “relevant enactments” for the purposes of sections 13 to 17 of the Financial Services and Markets Act 2023 (c. 29) (“the Act”). Under section 13 of the Act, the Treasury may make regulations (an “FMI sandbox”) which may modify the effect or application of such relevant enactments for the purpose of testing the efficiency or effectiveness of new technologies or practices in the carrying on of financial markets infrastructure activities. The effect is to include new relevant enactments within the list at section 17(3) of the Act so that these enactments can be modified by future or existing FMI sandboxes.
These Regulations amend and add to the regulatory regime for certain cryptoasset activities pursuant to powers conferred by the Financial Services and Markets Act 2000 (c. 8) (“the Act”).
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
2,705 Signatures
(1,605 in the last 7 days)
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7,943 Signatures
(589 in the last 7 days)
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463 Signatures
(228 in the last 7 days)
Petition Open
306 Signatures
(203 in the last 7 days)
Petition Open
625 Signatures
(174 in the last 7 days)
Petitions with most signatures
Petition Open
7,943 Signatures
(589 in the last 7 days)
Petition Open
2,854 Signatures
(9 in the last 7 days)
Petition Open
2,705 Signatures
(1,605 in the last 7 days)
Petition Open
2,154 Signatures
(41 in the last 7 days)
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: 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

14th Oct 2026
To ask the Chancellor of the Exchequer, what estimate his Department has made of (a) the total additional National Insurance an employee affected by the £2,000 salary sacrifice cap will pay by State Pension age and (b) the investment growth that sum would have earned if saved in a pension.

The Government has not made an estimate of the reduction in pension savings at State Pension age for an individual affected by the £2,000 salary sacrifice cap.

The impact on an individual’s pension savings will depend on their circumstances, including their age, earnings, pension contributions, investment returns and how they and their employer respond to the change.

The Office for Budget Responsibility has published information on the methodology and assumptions underpinning the costing of the measure.

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, what estimate his Department has made of the reduction in the value at State Pension age of the pension savings of an employee affected by the £2,000 salary sacrifice cap.

The Government has not made an estimate of the reduction in pension savings at State Pension age for an individual affected by the £2,000 salary sacrifice cap.

The impact on an individual’s pension savings will depend on their circumstances, including their age, earnings, pension contributions, investment returns and how they and their employer respond to the change.

The Office for Budget Responsibility has published information on the methodology and assumptions underpinning the costing of the measure.

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the value-for-money to the taxpayer of the Loan Charge.

Tax avoidance deprives the Exchequer of funds needed to deliver vital public services and it is right that HMRC target their resources to stop this.

The Loan Charge was intended to encourage those who had used disguised remuneration loan schemes to settle their affairs before it came into effect. HMRC estimates that £2.3 billion of these liabilities had been paid, largely by customers who agreed a contract settlement before the Loan Charge arose.

There are are around 32,000 individuals and 5,000 employers with outstanding or unresolved Loan Charge liabilities in scope of the Loan Charge Settlement Scheme, with liabilities estimated to be around £3.6 billion in total(£1.7 billion and £1.9 billion respectively).

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, how many outstanding disguised remuneration cases he expects will be settled as a result of the new settlement offer following the McCann Review.

Tax avoidance deprives the Exchequer of funds needed to deliver vital public services and it is right that HMRC target their resources to stop this.

The Loan Charge was intended to encourage those who had used disguised remuneration loan schemes to settle their affairs before it came into effect. HMRC estimates that £2.3 billion of these liabilities had been paid, largely by customers who agreed a contract settlement before the Loan Charge arose.

There are are around 32,000 individuals and 5,000 employers with outstanding or unresolved Loan Charge liabilities in scope of the Loan Charge Settlement Scheme, with liabilities estimated to be around £3.6 billion in total(£1.7 billion and £1.9 billion respectively).

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, how much of the £100 million contingency for Equitable Life With-Profits Annuitants has been drawn on to date.

The Liberal Democrat Conservative coalition government chose to allocate £1.5 billion to the Equitable Life Payment Scheme, which included a contingency of £100 million.

Significant efforts were made to identify and trace eligible policyholders and payments to them began in June 2011.

At 30 September, the total value of payments stood at £1.3957 bn, and the Scheme is on track to pay out the remainder.

Torsten Bell
Parliamentary Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, what recent steps his Department has taken to support pubs in Royal Sutton Coldfield.

The Government recognises the important contribution that pubs make to local communities, including in Royal Sutton Coldfield. The Government has taken steps to support the sector with eligible pubs benefiting from a 15 per cent business rates reduction from April 2026, followed by a further 20 per cent reduction for pubs, social clubs and qualifying live music venues from April 2027. Taken together, these measures are expected to save the typical pub around £3,100 in 2027-28.

We have also doubled the Hospitality Support Fund to £10m which will help rural pubs to diversify and ensure they can continue to be vital community hubs. We have also ended upward-only rent review clauses and new Community Right to Buy legislation will strengthen powers for local people to buy assets like hospitality venues and pubs before they are lost – keeping them in the hands of the community.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
14th Oct 2026
To ask the Chancellor of the Exchequer, what evaluations have been conducted on the economic multiplier effect of domestic defence manufacturing investments.

Increased domestic defence investment will improve our security and stability and boost economic growth, through more skills, innovation and spillover effects.

The government will ensure that economic growth considerations are central to decision-making in the allocation of defence investment. Our Defence Investment Plan will back British workers, support businesses and innovation, and create thousands of better-skilled jobs and apprenticeships by increasing Defence exports.

Emma Reynolds
Chief Secretary to the Treasury
14th Oct 2026
To ask the Chancellor of the Exchequer, what steps he is taking to reduce the public spend in offshore companies.

The government is ensuring that public procurement delivers the best value for taxpayers by protecting national security, enhancing supply chain resilience across critical sectors, and supporting businesses, growth and innovation. Changes, including those to the Social Value model announced by the government in August 2026, will ensure that suppliers will be assessed by their commitment to back British jobs, skills and opportunities, to deliver benefits for communities across the UK.

As set out in Managing Public Money, central government bodies should avoid contractors using offshore jurisdictions, consistent with international obligations and the government’s stated objectives on tax transparency and openness.

Emma Reynolds
Chief Secretary to the Treasury
15th Oct 2026
To ask the Chancellor of the Exchequer, what recent discussions he has had with the Office for Budgetary Responsibility on public borrowing.

The Chancellor engages regularly with the OBR’s Budget Responsibility Committee, including in preparation for fiscal events. The OBR publishes a log of substantive contact between the OBR and Ministers and their Special Advisers, alongside its Economic and Fiscal Outlook.

Torsten Bell
Parliamentary Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, whether his Department is considering (a) reducing and (b) reprofiling funding for hydrogen transport and storage.

The government recognises that Hydrogen can help reindustrialise Britain by cutting emissions from heavy industry and providing clean power, helping to maintain our manufacturing base, and creating new clean energy industries and skilled jobs in our industrial heartlands.

The Chancellor will set out his plans for spending at future fiscal events.

Emma Reynolds
Chief Secretary to the Treasury
19th Oct 2026
To ask the Chancellor of the Exchequer, if he will ask the Bank of England to provide the dates when Nazi gold was disposed of.

Relevant distribution dates of recovered Nazi-looted gold are set out in the publicly available Final Report of the Tripartite Commission.[1]

[1] https://2009-2017.state.gov/s/l/65668.htm

Lucy Rigby
Economic Secretary (HM Treasury)
14th Oct 2026
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of requiring card payment providers to proactively offer small business customers the lowest rates for which they are eligible.

The Government recognises the importance of customers of financial services firms, including payment firms, receiving good outcomes.

A market review by the Payment Systems Regulator (PSR) found that the supply of card-acquiring services, which allow businesses to accept card payments, did not work well for small and medium-sized merchants and large merchants with annual card turnover up to £50 million.

In response, the PSR introduced new rules to improve outcomes for small businesses. These include personalised summary boxes containing key price and non-price information; online quotation tools; and messages prompting businesses to shop around or switch. It also introduced an 18-month maximum duration for point-of-sale terminal lease and rental contracts, followed by rolling monthly contracts. These measures are intended to help businesses compare offers and reduce barriers to switching.

Furthermore, the PSR has also recently introduced a set of requirements on the information that Mastercard and Visa must supply to card acquirers when setting certain fee levels that may be passed down to small businesses. This should help reduce unnecessary operational costs, support more accurate billing and pricing to small businesses, and help card acquirers and small businesses make better-informed choices about optional services and behavioural fees.

The Financial Conduct Authority’s Consumer Duty also requires firms to act to deliver good outcomes for retail customers. The FCA has confirmed that the Duty applies to card acquirers serving micro-enterprises and charities with annual income below £1 million. The FCA expects firms to give customers the information they need, at the right time and in a way they can understand.

Lucy Rigby
Economic Secretary (HM Treasury)
14th Oct 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 9 October 2026 to Question 20511 on Lord Mandelson, whether any business was fed back to the Department following the then Chancellor’s meeting with Lord Mandelson.

I refer the honourable member to the answer on the 9th of October. In line with usual practice, any government business raised in meetings is fed back to the Department.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
14th Oct 2026
To ask the Chancellor of the Exchequer, what steps are being considered for improving the corporation tax payment rate amongst small businesses.

In the 2025 Budget, the government announced new policies that raise £2.4 billion in additional tax revenue from closing the tax gap in 2029-30. This brings the total revenue from closing the tax gap announced this Parliament to £10 billion in 2029-30.


The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, how much HMRC spent on interpreters and related translation services in (1) 2022, (2) 2023, (3) 2024 and (4) 2025.

The information requested can be found in the tables below.

Translation

FY

Spend

FY22/23

£393,566.21

FY23/24

£589,212.67

FY24/25

£641,494.83

FY25/26

£546,422.61

Interpreting

FY

Spend

FY22/23

£590,484.28

FY23/24

£602,185.23

FY24/25

£596,363.74

FY25/26

£584,199.35

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, whether he has considered the potential merits of extending the transferability of Personal Allowances for partners of disabled people.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
14th Oct 2026
To ask the Chancellor of the Exchequer, how many cases of death and serious injury of people facing HMRC action for disguised remuneration cases has HMRC referred to the Independent Office of Police Conduct.

As of 22 October 2026, HMRC has made 41 death or serious injury referrals to the Independent Office for Police Conduct (IOPC) involving separate individuals who had used a disguised remuneration scheme.

The government and HMRC take the safeguarding of individuals extremely seriously. HMRC has a statutory obligation to refer incidents of death or serious injury of a customer where there is an indication that HMRC contact may have directly or indirectly contributed to the event.

Following each referral, HMRC has conducted internal investigations and has found no evidence of misconduct by any HMRC officer. HMRC is taking forward organisational learning to strengthen the support provided to individuals who need extra help.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, what VAT distinction has been made between elective orthodontic treatment in adults and essential appliances used to correct craniofacial and occlusal abnormalities in children.

There is no distinction in VAT treatment dependent on whether the patient is an adult or child.

Orthodontic treatment is exempt from VAT where it forms part of a package of medical care whose principle purpose is to protect, maintain or restore a person’s health, provided the conditions for the medical exemption are met.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 15 October 2026 to Question 20970 on No 10 North: Hotels, what is the gross cost to date for hotel accommodation for No10 North staff, Ministers and special advisers since its opening, in relation to HM Treasury budgets.

The cost to date of hotel accommodation for No10 North staff, Ministers and special advisers since its opening has been £4,514.34 in relation to HM Treasury budgets.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
28th Aug 2026
To ask the Chancellor of the Exchequer, what recent steps his Department has taken to support pubs in (a) Ashfield constituency and (b) Nottinghamshire.

I refer the Hon Member to the answer provided on 25 June in response to Question 9944. The review will assess progress since the Government’s 2018 review of brain tumour research, and what is still holding progress back. Terms of reference for the review are in development. A national action plan will follow.

James Frith
Parliamentary Under-Secretary (Department of Health and Social Care)
13th Oct 2026
To ask the Chancellor of the Exchequer, what proportion of staff in (a) HM Treasury and (b) HM Revenue and Customs met the Civil Service expectation of spending at least 60 per cent of their working time in a Government building or on official business in the past three calendar years.

HM Treasury's office attendance policy applies across all of its office locations. Employees are expected to spend a minimum of 60% of their working time in their contractual workplace, unless alternative arrangements have been agreed through workplace adjustments


Line managers are responsible for supporting and monitoring compliance with the department's office attendance expectations. Attendance data is not collated for individual offices as anonymised, aggregated building access data is used to understand overall occupancy levels and does not identify individual members of staff. HMT is currently reviewing its attendance monitoring regime in order to improve its accuracy.


Under HM Revenue and Customs’ attendance monitoring regime, they are only able to provide the latest validated individual attendance rate data which cover the last two years, Sept 2024 – August 26.

September 24 - August 25: 78.5% of colleagues met their office attendance expectation

September 25 - August 26: 85.6% of colleagues met their office attendance expectation.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, what the average office attendance rate on Fridays was for staff in (a) HM Treasury and (b) HM Revenue and Customs for each of the past three calendar years.

HM Treasury's office attendance policy applies across all of its office locations. Employees are expected to spend a minimum of 60% of their working time in their contractual workplace, unless alternative arrangements have been agreed through workplace adjustments.

Line managers are responsible for supporting and monitoring compliance with the department's office attendance expectations. Attendance data is not collated for individual offices as anonymised, aggregated building access data is used to understand overall occupancy levels and does not identify individual members of staff. HMT is currently reviewing its attendance monitoring regime in order to improve its accuracy.

Under HM Revenue and Customs’ monitoring regime they are only able to provide the latest validated individual attendance rate data which cover the last two years, Sept 2024 – August 26.

September 24 - August 25: 37.4% colleagues worked from their office on a Friday

September 25 - August 26: 38.7% colleagues worked from their office on a Friday

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, which day of the working week had the lowest average office attendance rate among staff in (a) HM Treasury and (b) HM Revenue and Customs, for each of the past three years.

Line managers are responsible for supporting and monitoring compliance with HM Treasury’s office attendance expectations. Attendance data is not collated for individual offices as anonymised, aggregated building access data is used to understand overall occupancy levels and does not identify individual members of staff. Employees are expected to spend a minimum of 60% of their working time in their contractual workplace, unless alternative arrangements have been agreed through workplace adjustments.

HM Treasury is currently reviewing its attendance monitoring regime in order to improve its accuracy.

Under HM Revenue and Customs’ monitoring regime they are only able to provide the latest validated individual attendance rate data which cover the last two years, Sept 2024 – August 26, which shows that fewer staff worked in the office on Fridays.

September 24 - August 25: 37.4% colleagues worked from their office on a Friday.

September 25 - August 26: 38.7% colleagues worked from their office on a Friday

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, what the average office attendance rate was for staff in (a) HM Treasury and (b) HM Revenue and Customs for each of the past three calendar years.

HM Treasury's office attendance policy applies across all of its office locations. Employees are expected to spend a minimum of 60% of their working time in their contractual workplace, unless alternative arrangements have been agreed through workplace adjustments.

Line managers are responsible for supporting and monitoring compliance with the department's office attendance expectations. Attendance data is not collated for individual offices as anonymised, aggregated building access data is used to understand overall occupancy levels and does not identify individual members of staff. HMT is currently reviewing its attendance monitoring regime in order to improve its accuracy.

Under HM Revenue and Customs’ attendance monitoring regime, they are only able to provide the latest validated individual attendance rate data which cover the last two years, Sept 2024 – August 26.

September 24 - August 25: 78.5% of colleagues met their office attendance expectation.

September 25 - August 26: 85.6% of colleagues met their office attendance expectation.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, what is the policy of his department on the introduction of a Government-backed stablecoin.

Stablecoins are predominantly a form of private money. The Government has legislated to create a new regulated activity for issuing certain stablecoins in the UK in line with its goals for delivering world-leading innovation in payments and digital assets.

Separately, HM Treasury and the Bank of England have been undertaking work to assess the case for a potential UK retail central bank digital currency, commonly referred to as a "digital pound". We intend to announce a decision on the digital pound by the end of 2026.

Lucy Rigby
Economic Secretary (HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, what discussions the Treasury has had with the Financial Conduct Authority and the travel insurance industry about the affordability and availability of travel insurance for people with a history of cancer; and whether the Government will assess the merits of introducing a time-limited right to be forgotten for cancer survivors, drawing on schemes operating in other countries.

The Government recognises the importance of ensuring that consumers, including people with a history of cancer, can access suitable travel insurance products, and will consider the proposal referred to. More broadly, HM Treasury has regular engagement with the Financial Conduct Authority (FCA) and industry on a wide range of financial services issues.

The Government is determined that insurers should treat customers fairly and firms are required to do so under FCA rules. The FCA also requires travel insurers to signpost consumers with pre-existing medical conditions to specialist providers where they are declined cover, offered cover with an exclusion, or charged a significantly higher premium.

Lucy Rigby
Economic Secretary (HM Treasury)
15th Oct 2026
To ask the Chancellor of the Exchequer, whether he has held discussions with the FCA following reports that a Russian-backed money launderer used an FCA regulated British fintech company to process payments and avoid financial sanctions imposed because of the war in Ukraine.

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, assesses every instance of reported non-compliance with UK financial sanctions and takes action in all cases where it concludes that a breach has occurred. OFSI works closely with the Financial Conduct Authority (FCA) in respect of the enforcement of UK financial sanctions where cases concern FCA-regulated firms. The FCA is responsible for supervising regulated firms to ensure that they maintain adequate systems and controls to mitigate the risk of breaching sanctions and facilitating evasion.

Lucy Rigby
Economic Secretary (HM Treasury)
13th Oct 2026
To ask the Chancellor of the Exchequer, for which tax reliefs he estimates that more than 50 per cent of the total impact accrues to fewer than 10 percent of claimants.

It is not possible to provide this information for all tax reliefs. Information on how the impact of some of the largest tax reliefs are distributed among claimants is set out in HMRC's annual Tax Relief Statistics publication, last released on 22 January 2026, and can be found here:

https://www.gov.uk/government/statistics/tax-reliefs

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what estimate he has made of the operating and monitoring cost of each tax relief with an annual Exchequer impact exceeding £1 billion.

HMRC estimated the overall cost of collection as 0.51 pence for every pound generated in tax revenue in 2025/26.

Estimates of the cost of operating and monitoring individual reliefs are not available.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, how many tax reliefs with an annual Exchequer impact of more than £100 million are assigned a Senior Responsible Owner.

HMRC and HM Treasury do not operate a model that assigns a Senior Responsible Officer to individual reliefs.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what discussions did he have with relevant stakeholders regarding the introduction of a tourist tax prior to the decision to introduce such taxes.

At Budget 2025, the Government announced an intention to empower local leaders to introduce a visitor levy and published a consultation so that the public, businesses, and local government could shape the design. On 10 September, the Government published a response to the consultation which provides more detail on the policy design, drawing on feedback from the accommodation sector, local government, and members of the public.

James Murray
Financial Secretary to the Treasury and Paymaster General
15th Oct 2026
To ask the Chancellor of the Exchequer, what consideration HM Treasury has given to the impact of recent increases in gambling taxes in the Netherlands on (a) tax receipts and (b) the illegal gambling market.

HMRC reviewed relevant international evidence when estimating the Exchequer impact of changes to Remote Gaming Duty and Remote Betting Duty announced at Budget 2025. More details can be found in the policy costing note published at Budget 2025.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, whether HM Revenue and Customs has designated core in-office collaboration days for staff; and if he will publish details of those arrangements.

HMRC business groups determine office attendance arrangements according to their operational requirements.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what estimate has the HMRC Valuation Office made of the number of houses valued between £1.5 million and £2.million which have (a) 1, (b) 2 or (c) 3 bedrooms.

The HMRC Valuation Office does not hold the information requested.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment his Department has made of (a) the impact of Stamp Duty Land Tax on the Integrated Retirement Community sector and (b) the potential merits of a relief when private operators buy back and issue new leases.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the cost and economic impact of Freeport tax reliefs.

The latest (2023-4) Freeport tax relief costs (excluding Business Rates) can be found here: https://www.gov.uk/government/statistics/tax-reliefs/tax-relief-statistics-january-2026. MHCLG published Business Rates reliefs statistics and forecasts here: https://www.gov.uk/government/statistics/national-non-domestic-rates-collected-by-councils-in-england-forecast-2026-to-2027/national-non-domestic-rates-collected-by-councils-in-england-forecast-for-2026-to-2027

The Government monitors Freeport performance through established governance and evaluation arrangements.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what estimate he has made of the cost and economic impact of the Structures and Buildings Allowance.

The cost of the Structures and Buildings Allowance was £130m in 2023-24, the latest year of outturn data, and is forecasted to reach £310m in 2025-26. This can be found in the latest tax reliefs publication: Tax reliefs - GOV.UK

HMRC publishes estimates of the cost of tax reliefs, but these estimates do not explicitly model wider economic impacts or represent the amount that would necessarily be raised if a relief were withdrawn.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of a reduction in inheritance tax on housing market transactions.

The combination of nil-rate bands, exemptions, and reliefs means less than 10 per cent of estates across the UK are currently forecast to have an inheritance tax liability in 2030-31. Inheritance tax makes an important contribution to the public finances and it is forecast to raise more than £14 billion in 2030-31 to help fund public services.

The latest available statistics are available at www.gov.uk/government/statistics/inheritance-tax-liabilities-statistics.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the potential distributional impact of reducing inheritance tax; and what proportion of the financial benefit of such a reduction would accrue to households in each (a) income and (b) wealth decile.

The combination of nil-rate bands, exemptions, and reliefs means less than 10 per cent of estates across the UK are currently forecast to have an inheritance tax liability in 2030-31. Inheritance tax makes an important contribution to the public finances and it is forecast to raise more than £14 billion in 2030-31 to help fund public services.

The latest available statistics are available at www.gov.uk/government/statistics/inheritance-tax-liabilities-statistics.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of changes to the business rates multiplier on warehouses and logistics infrastructure on inflation since April 2026.

The Government has introduced a higher rate on the most valuable properties, which includes large distribution warehouses such as those used by online giants, to sustainably fund a tax cut for retail, hospitality and leisure properties with RVs below £500,000, which make up the backbone of England's high streets.

The OBR is responsible for forecasting the impact of Government policy decisions on inflation. The OBR has not published a specific estimate of the impact of the business rates multiplier on warehouses and logistics infrastructure on inflation.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what additional tax liabilities were identified through compliance activity relating to tax relief claims in each of the last three tax years, broken down by relief where such information is held.

HMRC undertakes internal assessments of compliance risks to inform the deployment of its resources. It does not routinely publish detailed relief-level risk assessments or estimates as doing so could provide insight into HMRC’s compliance approach and undermine its ability to protect the Exchequer.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, which tax reliefs HM Revenue & Customs assess as presenting the highest risk of error and fraud.

HMRC undertakes internal assessments of compliance risks to inform the deployment of its resources. It does not routinely publish detailed relief-level risk assessments or estimates as doing so could provide insight into HMRC’s compliance approach and undermine its ability to protect the Exchequer.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, for which tax reliefs HM Revenue & Customs maintains estimates of potential error and fraud losses, and what those estimates are.

HMRC undertakes internal assessments of compliance risks to inform the deployment of its resources. It does not routinely publish detailed relief-level risk assessments or estimates as doing so could provide insight into HMRC’s compliance approach and undermine its ability to protect the Exchequer.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, what assessment HMRC made of the administrative burden on accountancy and tax practices of implementing multi-factor authentication requirements for agent services accounts.

HMRC worked very closely with agent representative bodies to understand how best to introduce multi-factor authentication (MFA) to minimise burdens for the agent community. The timing and method of implementation were developed with representative bodies, alongside the support agents needed to prepare for MFA activation.

MFA provides an important additional layer of protection, to help prevent unauthorised access if the agent’s sign-in details are compromised


MFA is already used to protect Government Gateway accounts for individuals and organisations and is a familiar security measure across major digital services, including online banking, email, social media and online shopping


Extending this protection to agent accounts is a proportionate response to evolving online threats and helps to safeguard agents’ accounts and the sensitive information they hold on behalf of their clients.

James Murray
Financial Secretary to the Treasury and Paymaster General
13th Oct 2026
To ask the Chancellor of the Exchequer, whether HMRC conducted an impact assessment of the time and cost implications for accountancy and tax practices arising from the implementation of multi-factor authentication for agent accounts.

HMRC worked very closely with agent representative bodies to understand how best to introduce multi-factor authentication (MFA) to minimise burdens for the agent community. The timing and method of implementation were developed with representative bodies, alongside the support agents needed to prepare for MFA activation.

MFA provides an important additional layer of protection, to help prevent unauthorised access if the agent’s sign-in details are compromised


MFA is already used to protect Government Gateway accounts for individuals and organisations and is a familiar security measure across major digital services, including online banking, email, social media and online shopping


Extending this protection to agent accounts is a proportionate response to evolving online threats and helps to safeguard agents’ accounts and the sensitive information they hold on behalf of their clients.

James Murray
Financial Secretary to the Treasury and Paymaster General
16th Oct 2026
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the April 2025 increase in employer National Insurance contributions on the number of entry-level vacancies for people aged 16 to 24.

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. This can be found here: Changes to the Class 1 National Insurance Contributions Secondary Threshold, the Secondary Class 1 National Insurance contributions rate, and the Employment Allowance, all from 6 April 2025 - GOV.UK

The Office for Budget Responsibility published the Economic and Fiscal Outlook in March 2026, which sets out a detailed forecast of the economy and public finances. The OBR expects that employment levels will rise in every year of the forecast, reaching 35.3m in 2030-31.

James Murray
Financial Secretary to the Treasury and Paymaster General
16th Oct 2026
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of increasing the threshold of the Inheritance Tax exemption for gifts to a similar comparative value to its first introduction in 1981.

Lifetime gifts to individuals, including money, only use up some of the inheritance tax nil-rate band if the individual giving the gifts dies within seven years. There are also several exemptions and reliefs for gifts made in those seven years.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
16th Oct 2026
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of altering the rules of the Inheritance Tax exemption for gifts so that the exemption limit is applied per gift.

Lifetime gifts to individuals, including money, only use up some of the inheritance tax nil-rate band if the individual giving the gifts dies within seven years. There are also several exemptions and reliefs for gifts made in those seven years.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
16th Oct 2026
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of exempting gifts given to family members to help them purchase their first home from Inheritance Tax.

Lifetime gifts to individuals, including money, only use up some of the inheritance tax nil-rate band if the individual giving the gifts dies within seven years. There are also several exemptions and reliefs for gifts made in those seven years.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General