Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on income tax receipts of changes to personal injury law and procedure prior to making his announcement in the 2015 Autumn Statement; and if he will make a statement.
Answered by David Gauke
The Ministry of Justice will launch a public consultation in due course on the details of the policy. This will be accompanied by an impact assessment.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he made prior to his announcement in the Autumn Statement 2015 of the effect on VAT receipts of changes to personal injury law and procedure; and if he will make a statement.
Answered by David Gauke
It is too early to say what the impact will be since there is still work in progress. The Government will consult on the detail of the new reforms in due course. The consultation will be accompanied by an impact assessment.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of competition in the car insurance market; and if he will make an assessment of the potential effect on competition in that industry of a 10 per cent cap on market share.
Answered by Harriett Baldwin
This is a matter for the Financial Conduct Authority (FCA), who are operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether his Department plans to use any of its statutory regulatory powers to ensure that there is the reduction in the cost of car insurance referred to in paragraph 1.143 of the Spending Review and Autumn Statement 2015.
Answered by Harriett Baldwin
The pricing of insurance products is a commercial matter for individual insurers in which the Government does not seek to intervene. The motor insurance market is intensely competitive and the Government therefore expects that the insurance industry will pass on savings to consumers.
Some insurers have already committed to pass on all savings to consumers as a result of the proposed changes.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he has (a) had a meeting or (b) had a telephone conversation with Ben Goldsmith in his Ministerial capacity since 1 October 2015; and what was discussed on each such occasion.
Answered by Harriett Baldwin
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, by what mechanism any savings made by insurance companies as a result of a change to the small claims limit for soft tissue road traffic accident injuries will be passed on to policyholders.
Answered by Harriett Baldwin
The pricing of insurance products is a commercial matter for individual insurers in which the Government does not seek to intervene. The motor insurance market is intensely competitive and the Government therefore expects that the insurance industry will pass on savings to consumers.
Some insurers have already committed to pass on all savings to consumers as a result of the proposed changes.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential costs and benefits to business of changes to motor insurance proposed in the Spending Review and Autumn Statement 2015.
Answered by Harriett Baldwin
The Ministry of Justice will launch a public consultation in the New Year on the details of the policy.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much Freshfields Brukhaus Deringer has received in legal fees from the public purse since 2010.
Answered by Harriett Baldwin
Legal fees paid to Freshfields Bruckhaus Deringer in the last five financial years are as follows in the table below.
Supplier | Year | Spend |
Freshfields Bruckhaus Deringer | 2010-11 | £0 |
Freshfields Bruckhaus Deringer | 2011-12 | £0 |
Freshfields Bruckhaus Deringer | 2012-13 | £0 |
Freshfields Bruckhaus Deringer | 2013-14 | £23,603 |
Freshfields Bruckhaus Deringer | 2014-15 | £1,920,914.24 |
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 1.143 of the Spending Review and Autumn Statement 2015, if he will publish an impact assessment on his policy to lower motor insurance costs.
Answered by Harriett Baldwin
The Ministry of Justice will launch a public consultation in the New Year on the details of the policy.
Asked by: Andy Slaughter (Labour - Hammersmith)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will consult on proposed changes to personal injury law referred to in the Spending Review and Autumn Statement 2015.
Answered by Harriett Baldwin
The Ministry of Justice will launch a public consultation in the New Year on the details of the policy.