Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish the calculations by which an estimate of £2.11bn of revenue in 2024-25 from implementation of the global minimum corporate tax reforms was arrived at.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
The number of Multinational Enterprises which have headquarters in the UK is 387. The latest information can be found in https://www.oecd.org/tax/tax-policy/corporate-tax-statistics-fourth-edition.pdf. The number of multinational enterprises which have operations in the UK, but are headquartered outside of the UK is 4,000.
The process for estimating the Exchequer yield from implementation of Pillar 2 policy in the UK can be found in the Autumn Budget 2022: Policy Costings, available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1118364/Autumn_Statement_2022_Policy_Costings_.pdf.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what account was taken of potential behaviour change in estimating revenue arising from implementation of the global minimum corporate tax reforms.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
The number of Multinational Enterprises which have headquarters in the UK is 387. The latest information can be found in https://www.oecd.org/tax/tax-policy/corporate-tax-statistics-fourth-edition.pdf. The number of multinational enterprises which have operations in the UK, but are headquartered outside of the UK is 4,000.
The process for estimating the Exchequer yield from implementation of Pillar 2 policy in the UK can be found in the Autumn Budget 2022: Policy Costings, available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1118364/Autumn_Statement_2022_Policy_Costings_.pdf.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many multinational enterprises with global revenues in excess of 750 million euros per annum conduct business activities in the UK.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
The number of Multinational Enterprises which have headquarters in the UK is 387. The latest information can be found in https://www.oecd.org/tax/tax-policy/corporate-tax-statistics-fourth-edition.pdf. The number of multinational enterprises which have operations in the UK, but are headquartered outside of the UK is 4,000.
The process for estimating the Exchequer yield from implementation of Pillar 2 policy in the UK can be found in the Autumn Budget 2022: Policy Costings, available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1118364/Autumn_Statement_2022_Policy_Costings_.pdf.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to improve financial inclusion of under-18s.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
The Government wants to ensure that people, regardless of their background or income, have access to useful and affordable financial products and services and is committed to ensuring that people build financial capability. This means they are able to use, and maximise their use of, products and services made available by the financial services industry.
To promote financial inclusion and capability, the Government works closely together with regulators and stakeholders from the public, private and third sectors. For people under the age of 18, economic and financial education are important parts of a broad and balanced curriculum that provide the essential knowledge to ensure that young people are prepared to manage money well and make sound financial decisions.
Financial education is a statutory part of the national citizenship curriculum for 11- to 16-year-olds in England and primary schools can choose to teach citizenship, using non-statutory programmes of study.
To further support schools to deliver high quality financial education, the Money and Pensions Service published financial education guidance for schools in England in 2021. This guidance supports school leaders and education decision makers to enhance the financial education currently delivered in their schools.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, what steps his Department is taking enable charities and patient organisations to feed into the dementia mission led by Dame Barbara Windsor.
Answered by Helen Whately - Minister of State (Department of Health and Social Care)
We are in the process of developing plans for this mission, engaging with a wide variety of stakeholders, including leading charities and patient organisations in the dementia and neurodegeneration space. We will continue to involve them as our plans develop.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, when he plans to publish the terms of reference for the national dementia mission.
Answered by Helen Whately - Minister of State (Department of Health and Social Care)
We are in the process of developing plans for this mission. We cannot yet confirm when we will publish the terms of reference for the mission.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, if she will make an assessment of the potential merits of including financial education for primary school children in the allocation of the dormant assets identified by the Dormant Assets Act 2022.
Answered by Stuart Andrew - Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what her planned timetable is for concluding her Department's assessment of the Dormant Assets Scheme.
Answered by Stuart Andrew - Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
The consultation on the English portion of dormant assets funding closed on Sunday 9 October and received over 3,300 responses.
The consultation has enabled the public, civil society sector, and the Dormant Assets Scheme’s voluntary industry participants to have their say in how funds are spent in England.
The Government is considering all responses and plans to publish a response in early 2023 setting out the future social and/or environmental purposes of the English portion.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to the Institution of Civil Engineers' policy position statement entitled Defining the outcomes from levelling up, published on 16 June 2022, if he will make an assessment of the potential implications for the Levelling-up and Regeneration Bill of that statement’s position that there should be clearer alignment between levelling up and net zero.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
We welcome the Institution of Civil Engineer's engagement on these two vital Government priorities. As highlighted in the Levelling Up White Paper, the largest industrial emitting sectors are in some of the least prosperous areas in the UK, where investment in the transition to Net Zero can potentially yield significant benefits for businesses and communities.
We are keen to harness the opportunity that the Net Zero transition presents to level up the UK. That is why we have established a Green Jobs Delivery Group in collaboration with industry and energy leaders, to support the delivery of 480,000 new green jobs by 2030. The Group will help ensure the UK has the skilled workforce it needs to build clean industries, whilst making sure that workers, businesses and local areas are supported throughout the transition. The Government also looks forward to responding to the Skidmore Review, which sets out recommendations on the interaction between Net Zero, levelling up and local leadership.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, when will an update to the Energy National Policy Statement will be published.
Answered by Graham Stuart
In his Autumn Statement, my Rt. Hon. Friend Mr Chancellor of the Exchequer said that ”the Government will continue to ensure that all infrastructure is delivered quickly through reforms to the planning system, including through updating National Policy Statements for transport, energy and water resources during 2023, and through sector-specific interventions.” The Government aims to publish the revised Energy NPSs shortly, but does not yet have a specific date for publication.