Written Question
Thursday 18th May 2023
Asked by:
Lord Grayling (Conservative - Life peer)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken to ensure that the proceeds of the sale of Chelsea Football Club were not paid to Roman Abramovich; and what has happened with those funds.
Answered by Gareth Davies
- Shadow Minister (Business and Trade)
Roman Abramovich remains subject to an asset freeze, meaning he will not benefit from the sale of Chelsea Football Club. The proceeds of the sale remain frozen in a UK bank account, awaiting the establishment of a Foundation to spend the proceeds on humanitarian purposes in Ukraine.
Speech in Westminster Hall - Wed 30 Nov 2022
Greening the Financial System
"I am grateful to the hon. Lady for giving way and congratulate her on securing the debate. Does she agree that a very important part of the issue to be resolved is the impact of financial investment in countries and organisations involved in deforestation, and that it is important for …..."Lord Grayling - View Speech
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Speech in Commons Chamber - Tue 22 Nov 2022
Energy (oil and gas) profits levy
"If I am not mistaken, we have just increased substantially the national living wage, increased benefits in line with inflation and increased pensions in line with inflation, while, unfortunately and regrettably, putting up taxes on the wealthy. Exactly what does the hon. Lady not like about that?..."Lord Grayling - View Speech
View all Lord Grayling (Con - Life peer) contributions to the debate on: Energy (oil and gas) profits levy
Speech in Commons Chamber - Tue 22 Nov 2022
Energy (oil and gas) profits levy
"Madam Deputy Speaker, you would never imagine from listening to Labour Members that we had just been through the biggest public health emergency in a century, the biggest European war for three quarters of a century and the biggest energy crisis since the 1970s. That is not a light task …..."Lord Grayling - View Speech
View all Lord Grayling (Con - Life peer) contributions to the debate on: Energy (oil and gas) profits levy
Speech in Commons Chamber - Tue 22 Nov 2022
Energy (oil and gas) profits levy
"Absolutely—that is a crucial issue. We need to start working with those people to help them back into a workplace environment. They are better off there: if people are out of work, they tend to have poorer health, live less long and have mental health problems. My right hon. Friend …..."Lord Grayling - View Speech
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Speech in Commons Chamber - Mon 17 Oct 2022
Economic Update
"I congratulate my right hon. Friend: he has hit the ground running in his job. These are difficult decisions, but they are the correct decisions right now. We all aspire to tax cuts in the future, but he is right to say that we have to have the money to …..."Lord Grayling - View Speech
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Speech in Commons Chamber - Wed 07 Sep 2022
Financial Services and Markets Bill
"May I pursue the point about environmental issues? I take my hon. Friend’s point about the need to secure the stability of the sector—that is not in dispute—but one of the things we have not done in this country is to take steps to place a duty on financial institutions …..."Lord Grayling - View Speech
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Written Question
Tuesday 26th April 2022
Asked by:
Lord Grayling (Conservative - Life peer)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, for what reason double glazing is not part of the package of energy improvements subject to zero VAT announced in his Spring Statement.
Answered by Lucy Frazer
The Chancellor announced at Spring Statement 2022 that the VAT relief for the installation of energy saving materials (ESMs) will be expanded in Great Britain.
From 1 April 2022, complex eligibility conditions to access the relief have been removed and wind and water turbines have been reinstated as qualifying materials. Qualifying installations will also now benefit from a VAT zero-rate until April 2027. Overall, this represents an additional £280 million of support for investment in ESMs over the next 5 years.
However, the VAT relief for ESMs was not extended to double glazing. While double glazing does have energy saving properties, it is already a popular means to improve the energy efficiency of one’s home. The English Housing Survey suggests that more than 85 per cent of properties in England are already fully double glazed: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/445440/EHS_Energy_efficiency_of_English_housing_2013.pdf.
As such, providing tax relief as an additional incentive to install double glazing in one’s home would represent poor value for money.
Speech in Commons Chamber - Wed 27 Oct 2021
Budget Resolutions
"It is a pleasure to follow the right hon. Member for Newcastle upon Tyne East (Mr Brown). He is right that many of us share common ambitions across the House—ambitions for COP26, and to bring better jobs to his constituents and constituents across much of the country in areas where …..."Lord Grayling - View Speech
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Written Question
Friday 10th September 2021
Asked by:
Lord Grayling (Conservative - Life peer)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what the total revenue from stamp duty has been in each of the last three financial years.
Answered by Jesse Norman
- Shadow Leader of the House of Commons
HMRC publish provisional monthly statistics tables for “HMRC tax receipts and National Insurance contributions for the UK” which contain columns with the UK figures for Stamp taxes on the 3 categories of “Shares”, “Stamp Duty Land Tax” and “Annual Tax on Enveloped Dwellings”. The provisional nature of these figures can mean that that they can change.