Asked by: Julia Lopez (Conservative - Hornchurch and Upminster)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much money has been raised for the public purse from vehicle excise duties from the Greater London Authority area in each year for which information is available; and what assessment he has made of the potential merits of devolving the proceeds of vehicle excise duties raised in the Greater London Authority area to London local authorities.
Answered by Robert Jenrick
In 2017-18, Vehicle Excise Duty (VED) raised a total of around £6.2 billion in revenue.
VED is collected nationwide and since it is tied to where individuals choose to register their vehicles, there is no official methodology to identify the VED collected in any particular region. As such, VED does not lend itself to devolution as vehicle registrations do not necessarily correlate with either emissions or vehicle use.
VED revenues will be hypothecated to the National Roads Fund (NRF) in England from 2020-21. The NRF will provide certainty for roads investment, including in London.
Asked by: Julia Lopez (Conservative - Hornchurch and Upminster)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of transferring the proceeds of vehicle excise duties raised in the Greater London Authority area to London local authorities.
Answered by Robert Jenrick
The government has committed to hypothecate Vehicle Excise Duty (VED) in England from 2020-21 into the National Roads Fund (NRF), providing long-term certainty for roads investment. This will be used to maintain the country’s main arterial routes and enhance national road connectivity.
Devolving VED to London would undermine the purpose of the NRF to deliver nationally significant schemes across the strategic road network, including those in London such as the M25 and some recently announced Major Road Network candidates which will also be funded by the NRF.
Asked by: Julia Lopez (Conservative - Hornchurch and Upminster)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what progress the Government has made on brining forward legislative proposals to prohibit pensions cold-calling.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The government is committed to banning pensions cold-calling. Following a consultation, the government will bring forward draft legislation for scrutiny to ban pensions cold-calling, including texts and emails, in early 2018. It will then legislate on a ban as soon as Parliamentary time allows.