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Speech in Public Bill Committees - Tue 30 Jan 2018
Taxation (Cross-border Trade) Bill (Fifth sitting)

"Clearly, being tiresome is my role in life, as far as the Minister is concerned...."
Peter Dowd - View Speech

View all Peter Dowd (Lab - Bootle) contributions to the debate on: Taxation (Cross-border Trade) Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Taxation (Cross-border Trade) Bill (Fifth sitting)

"I do it very well. I will make sure I have five Weetabix on Thursday.

I am glad to turn to some of the very substantial amendments that we seek to demonstrate to the Committee are essential for the proper operation of our customs regime and to provide a level …..."
Peter Dowd - View Speech

View all Peter Dowd (Lab - Bootle) contributions to the debate on: Taxation (Cross-border Trade) Bill (Fifth sitting)
Written Question
Arms Trade: Export Credit Guarantees
Monday 30th October 2017

Asked by: Peter Dowd (Labour - Bootle)

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what the cost was to the public purse of export credit guarantees for arms sales and other military assistance in 2016.

Answered by Mark Garnier - Shadow Parliamentary Under Secretary (Work and Pensions)

UK Export Finance charges a premium for all the export credit guarantee support it provides to reflect the risk assumed. The premium must cover anticipated long-term losses resulting from claims paid, as well as UKEF’s operating costs. Through this arrangement UKEF aims to operate at no net cost to the taxpayer. No claims were paid in respect of defence business in 2016.