Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 3 February 2016 to Question 24171, whether the change in funding for the Illegal Money Lending Team will result in a change in its levels of funding in real terms.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
The Government is finalising funding arrangements for the enforcement of illegal money lending. These arrangements will ensure that the enforcement teams have the funding that they need to protect consumers from illegal loan sharks.
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the oral Answer from the Prime Minister on 9 December 2015, Official Report, column 982, how the National Illegal Money Lending Team England will be funded; and if he will make a statement.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
To ensure that the perimeter of the consumer credit market is adequately policed, the Government will be introducing an amendment to the Bank of England and Financial Services Bill to provide for illegal money lending teams throughout the UK to in future be funded by a levy on the consumer credit industry, collected by the FCA.
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what (a) discussions he has had with the Cooperative Bank and (b) what representations he has received on its decision to close bank accounts belonging to groups campaigning on matters relating to Israel and Palestine; and if he will make a statement.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
Treasury Ministers and officials receive representations and have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.
Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the book value of the portfolio of mortgages sold by Cerberus to TSB, following the sale of UK Asset Resolution's Granite portfolio, was on 13 November 2015.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
Following their acquisition of the Granite portfolio, Cerberus Capital Management LP announced that they have agreed to sell £3.3bn of the assets to TSB Bank plc.
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what amount of taxation was levied on air travel in each of the last five years per (a) passenger and (b) tonne of cargo carried.
Answered by Damian Hinds
The information is not held in the form requested. However, information relating to total passengers and APD paid over the last five years are published in the Air Passenger Duty Tax and Duty bulletin at the following address: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to support (a) small cider producers and (b) microbreweries in the UK.
Answered by Damian Hinds
The government recognises the important contribution made by small cider makers and microbrewers in helping to create a diverse and vibrant alcohol market that increases consumer choice.
Small Brewers’ Relief supports microbreweries by reducing their beer duty rate by up to 50 per cent. EU law explicitly allows member states to support microbrewers through the duty regime.
The UK is discussing reforms to EU law with the EU Commission and other member states, so that it explicitly allows member states to support small cider makers through the duty regime. The government is also looking at alternatives that could apply. The government will work with industry on both of these. As announced at Summer Budget 2015, the government will retain the current duty exemption for small cider producers until and unless a replacement scheme is established.
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of proposals in the Summer Budget 2015 to reform Vehicle Excise Duty on demand for purchase of hybrid and plug-in vehicles (a) before and (b) after 2017.
Answered by Damian Hinds
The updated CO2 banding in first year rates in the new VED system strengthens the incentive to purchase the cleanest cars including hybrid and plug-in vehicles. Hybrid and plug-in vehicles will also continue to be supported by beneficial rates of Company Car Tax.
The premium car supplement will apply to all cars with a list price above £40,000, including zero and low emission vehicles. The supplement applies for the first five years in which the standard rate is paid. Zero-emission cars with a list price below £40,000 will pay no VED for the lifetime of the car.
The new VED system is not expected to have significant effects on the second-hand car market for zero- or low-emission cars. The reformed VED system will apply to cars first registered from 1 April 2017, so cars in the new system are unlikely to enter the second-hand car market in large numbers until the 2020’s.
Asked by: Richard Burden (Labour - Birmingham, Northfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he plans for the Vehicle Excise Duty premium rate proposed in the Summer Budget 2015 to apply to (a) zero and (b) low emission vehicles.
Answered by Damian Hinds
The updated CO2 banding in first year rates in the new VED system strengthens the incentive to purchase the cleanest cars including hybrid and plug-in vehicles. Hybrid and plug-in vehicles will also continue to be supported by beneficial rates of Company Car Tax.
The premium car supplement will apply to all cars with a list price above £40,000, including zero and low emission vehicles. The supplement applies for the first five years in which the standard rate is paid. Zero-emission cars with a list price below £40,000 will pay no VED for the lifetime of the car.
The new VED system is not expected to have significant effects on the second-hand car market for zero- or low-emission cars. The reformed VED system will apply to cars first registered from 1 April 2017, so cars in the new system are unlikely to enter the second-hand car market in large numbers until the 2020’s.