Written Question
Monday 5th September 2022
Asked by:
Matthew Pennycook (Labour - Greenwich and Woolwich)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department is responsible for the comprehensive review of the mortgage market announced by the Prime Minister on 9 June; and when that review will be published.
Answered by Richard Fuller
- Shadow Chief Secretary to the Treasury
The Government is committed to helping as many first-time buyers as possible onto the housing ladder, and we continue to work to understand what more can be done in this area.
The Prime Minister announced in June a package of policy measures designed to boost home ownership, which included looking at the mortgage market to understand its role in supporting first-time buyers. Working jointly with the Department of Levelling Up, Housing and Communities, we are examining how to take this work forward.
Speech in Commons Chamber - Thu 26 May 2022
Economy Update
"Why has the Chancellor not provided additional targeted support to the half a million communal heating system customers who are not protected by the energy price cap?..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Economy Update
Speech in Public Bill Committees - Tue 16 Nov 2021
Nuclear Energy (Financing) Bill (First sitting)
"I have a series of questions relating to—..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (First sitting)
Speech in Public Bill Committees - Tue 16 Nov 2021
Nuclear Energy (Financing) Bill (First sitting)
"Q I will try and rattle through this. I have a series of questions relating to clause 1. Forgive me, Ms Pyke, but I think they will be directed mainly at you. It is quite clear in my mind that Sizewell C is the last project that can conceivably …..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (First sitting)
Speech in Public Bill Committees - Tue 16 Nov 2021
Nuclear Energy (Financing) Bill (First sitting)
"Q I do not want to get into the £1.7 billion—if I heard you correctly, you said that there were no express discussions, but that is really a question for the Minister rather than for you. Leaving the £1.7 billion aside, is it the company’s understanding that the Government’s …..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (First sitting)
Speech in Public Bill Committees - Tue 16 Nov 2021
Nuclear Energy (Financing) Bill (First sitting)
"Q Just to be very clear, because I think this has implications for the funding model, do you not think that that minority stake, and the potential force-out divestment by the Government, has any implications for the RAB funding model for Sizewell C?
Julia Pyke: I think that …..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (First sitting)
Speech in Commons Chamber - Tue 02 Nov 2021
Oral Answers to Questions
"8. What fiscal steps he is taking to contribute towards achieving the Government’s net zero emissions target. ..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Tue 02 Nov 2021
Oral Answers to Questions
"There is an obvious and pressing need for all fiscal announcements to be fully aligned with our country’s net zero target. To that end, will the Minister commit herself to at least the publication of the estimated emissions impact of decisions in future Budgets and spending reviews?..."Matthew Pennycook - View Speech
View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Oral Answers to Questions
Written Question
Monday 28th June 2021
Asked by:
Matthew Pennycook (Labour - Greenwich and Woolwich)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 May 2021 to Question 3084 on Net Zero Review, when he plans to publish the final report of his Department’s Net Zero Review.
Answered by Kemi Badenoch
- Leader of HM Official Opposition
HM Treasury’s Net Zero Review final report will be published in due course, and in advance of COP26.
It will be an analytical report that uses existing data to explore the key issues and trade-offs as the UK decarbonises. Against a backdrop of significant uncertainty on technology and costs, as well as changes to the economy over the next 30 years, it focuses on the potential exposure of households and sectors to the transition, and highlights factors to be taken into account in designing policy that will allocate costs over this time horizon. In line with the Review’s terms of reference, the report will not include policy recommendations.
The Review forms part of a cross-government effort to support the UK’s transition to net zero. The government’s Net Zero Strategy will be published later this year.
Written Question
Monday 21st June 2021
Asked by:
Matthew Pennycook (Labour - Greenwich and Woolwich)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with representatives of financial services companies on reducing global greenhouse gas emissions from projects and companies financed and underwritten by those companies in line with the goals of the Paris Agreement.
Answered by John Glen
Input from stakeholders is a valuable part of the policy making process, ensuring government and the private sector can work together to effectively address challenges such as net zero and driving economic growth across the UK. HMT is keen to engage with industry on the Chancellor’s vision for the future of financial services, of which green finance is a key pillar. The Chancellor holds regular discussions with industry to discuss this. For example, recently the Prime Minister alongside the Chancellor and the Governor of the Bank of England hosted a virtual roundtable with financial services leaders in advance of the Chancellor’s annual Mansion House speech.