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Written Question
Insurance
Tuesday 17th June 2014

Asked by: Frank Dobson (Labour - Holborn and St Pancras)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the contribution to economic growth of payment protection insurance repayments.

Answered by Andrea Leadsom

The Office for Budget Responsibility (OBR) is responsible for producing independent economic and fiscal forecasts. The effects of payment protection insurance repayments were taken into account in their latest forecast of the economy, published in the March 2014 Economic and Fiscal Outlook.

Speech in Commons Chamber - Mon 24 Mar 2014
amendment of the law

"Does my right hon. Friend agree that when the investment allowance was reduced, corporation tax was reduced, which did not benefit manufacturing but benefited the banks?..."
Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 24 Mar 2014
amendment of the law

"I agree that those criticisms do not undermine the philosophical side of things, but it is the practicalities that people are bothered about. Most of the concern arises from the fact that the various institutions have been giving people a bad deal on annuities and that, unless they actually go …..."
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Speech in Commons Chamber - Mon 24 Mar 2014
amendment of the law

"I wish to speak about a huge sum that was not mentioned in the Budget statement, but that will loom large over Chancellors of the Exchequer in years to come: the £50 billion that is committed to the building of High Speed 2. To put that amount in perspective, it …..."
Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
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"Whatever else can be said, it is quite clear that this Finance Bill will not sort out the public finances. As a result, we have got all sorts of efforts to distract people’s attention.

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Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
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"I never said for a minute that it started recently. It has been going on for donkey’s years. I am not sure about the Lib Dems, but I cannot remember an organisation when Labour was in government called Tories in Favour of Stopping Tax Avoidance. Perhaps the minutes will be …..."
Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
Finance (No. 2) Bill

"It certainly should. I am astonished that no one in this country has yet been prosecuted for the fraud involved in the LIBOR rate-rigging, including the British Bankers Association, which was, after all, running the LIBOR system. People were defrauded, so why has no one been prosecuted? I do not …..."
Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
Finance (No. 2) Bill

"That might be the case, but I live in hope...."
Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
Finance (No. 2) Bill

"Yes, indeed. I have been advocating such a tax for some time, and I shall continue to do so.

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Frank Dobson - View Speech

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Speech in Commons Chamber - Mon 15 Apr 2013
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Frank Dobson - View Speech

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