Written Question
Monday 14th February 2022
Asked by:
Anthony Browne (Conservative - South Cambridgeshire)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the sunset clause stipulated in s. 261(3) (za) of the Income Tax Act 2007 (as amended by the Finance (No. 2) Act 2015 (c. 33), Sch. 6 para. 2(2)), whether his Department plans to extend income tax relief through venture capital trusts to subscriptions made on or after 6 April 2025.
Answered by Lucy Frazer
Venture Capital Trusts, which were introduced in 1995, are designed to encourage individuals to invest indirectly in a range of unquoted smaller, higher-risk, trading companies.
The Government keeps this scheme under review to ensure that it continues to meet its policy objectives in a way that is fair and effective.
Speech in Commons Chamber - Wed 02 Feb 2022
Finance (No. 2) Bill
"Including corporation tax and the surcharge, the taxation of banks is currently at 27%. After this legislation, it will be 28%. Does the hon. Member agree that 28% is higher than 27%, and therefore taxes on banks are actually going to rise, not go down?..."Anthony Browne - View Speech
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Speech in Commons Chamber - Wed 02 Feb 2022
Finance (No. 2) Bill
"Will the hon. Member give way?..."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Finance (No. 2) Bill
Written Question
Tuesday 1st February 2022
Asked by:
Anthony Browne (Conservative - South Cambridgeshire)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the competitiveness of the financial services sector.
Answered by John Glen
In his Mansion House statement last July, the Chancellor set out the Government’s vision an open, competitive, green, and technologically advanced financial services.
A sweeping set of reforms to sharpen the UK’s competitive advantage in financial services is already underway; and in November the Government published the second consultation in its Future Regulatory Framework review, which provides a once in a generation opportunity to ensure that the UK maintains a coherent, agile, and internationally respected approach to financial services regulation.
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I beg to move,
That this House recognises the importance of financial services to the UK economy; and calls on the Government to provide adequate support to help create the right regulatory and operational environment for that industry to ensure that the UK is able to retain its competitiveness on …..."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I basically agree with the hon. Member, a fellow member of the Treasury Committee...."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I thank my hon. Friend. That is exactly the point I was about to come to.
This will give the regulators more power, as my hon. Friend said, over issues that will directly affect the lives of voters. That means that they must be made more accountable to voters’ representatives—that …..."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I agree. I support having a secondary objective of international competitiveness and growth. A regulator could decide on policy A or policy B and, from a UK perspective, it could make no difference in terms of consumer protection or prudential stability, but one could mean that we were more able …..."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I am happy to give way to my hon. Friend and current member of the Treasury Committee...."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy
Speech in Commons Chamber - Thu 09 Dec 2021
Financial Services: UK Economy
"I very much agree. I was coming to this point. If we can get those elements into trade agreements, we should aspire to do that. However, often, regulatory agreements between regulators are more appropriate...."Anthony Browne - View Speech
View all Anthony Browne (Con - South Cambridgeshire) contributions to the debate on: Financial Services: UK Economy