Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to page 92 of the Strategic Defence Review, published on 2 June 2025, how many (a) public engagements and (b) private meetings Ministers in their Department have undertaken related to the national conversation on defence and security.
Answered by James Murray - Chief Secretary to the Treasury
Ministers in HM Treasury have regular discussions with officials, external experts and ministerial colleagues on a range of issues, including national security, defence and resilience. This includes attending and speaking at public and sector events.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of reforms to Cash ISAs on (a) the balance sheets of building societies and (b) mortgage (i) availability and (ii) pricing.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
ISA reform forms part of our strategy to support people into the higher returns that investing can provide.
Rules will be introduced to avoid circumvention of the lower limit for cash ISAs where an individual is under the age of 65. The industry is being consulted on the draft rules, which will be made by amendments to the ISA Regulations and laid in Parliament ahead of April 2027. Building societies and mortgage lenders are part of the industry consultation.
We will consult on the final rules as soon as these are ready, so that firms have enough notice before the new limit applies in April 2027.
The availability and pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, mortgage rates are influenced by a range of factors, including Base Rate, which has been cut six times since this Government came to power.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when she plans to publish final legislation and guidance for ISA providers on the operation of the ISA regime from April 2027.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
ISA reform forms part of our strategy to support people into the higher returns that investing can provide.
Rules will be introduced to avoid circumvention of the lower limit for cash ISAs where an individual is under the age of 65. The industry is being consulted on the draft rules, which will be made by amendments to the ISA Regulations and laid in Parliament ahead of April 2027. Building societies and mortgage lenders are part of the industry consultation.
We will consult on the final rules as soon as these are ready, so that firms have enough notice before the new limit applies in April 2027.
The availability and pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, mortgage rates are influenced by a range of factors, including Base Rate, which has been cut six times since this Government came to power.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps her Department is taking to prevent the use of Stocks and Shares ISAs to circumvent revised Cash ISA limits due to be introduced in April 2027.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
ISA reform forms part of our strategy to support people into the higher returns that investing can provide.
Rules will be introduced to avoid circumvention of the lower limit for cash ISAs where an individual is under the age of 65. The industry is being consulted on the draft rules, which will be made by amendments to the ISA Regulations and laid in Parliament ahead of April 2027. Building societies and mortgage lenders are part of the industry consultation.
We will consult on the final rules as soon as these are ready, so that firms have enough notice before the new limit applies in April 2027.
The availability and pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, mortgage rates are influenced by a range of factors, including Base Rate, which has been cut six times since this Government came to power.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many residents have been charged interest on late payments to HMRC in each year since 2015.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
We do not hold aggregated data on the total number of individuals who have paid late payment interest.Asked by: Samantha Niblett (Labour - South Derbyshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many outstanding cases involving individuals subject to the Loan Charge she expects to be resolved as a result of the recommendations of the McCann Review.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
At Budget 2024 the Government announced a new independent review of the loan charge. The purpose of the review was to bring the matter to a close for people who have not settled and paid their loan charge liabilities. The review identified affordability as a key barrier preventing those individuals from settling and made recommendations to remove this barrier.
The Government has gone further in supporting people on the lowest incomes by providing an additional £5,000 deduction for those in scope of the review. This entirely removes approximately 10,000 individuals from the charge. Most others will see their liabilities reduced by at least half.
Under the review recommendations, an individual earning £30,000 who used a disguised remuneration scheme for three years would have their liability reduced by 66 percent. Under the Government’s plans, they will instead see 89 percent written off. It represents the Government’s attempt to provide a fair route to resolution for those who have not settled with HMRC. In turn, those people need to come forward and engage with HMRC in good faith.
Asked by: Luke Evans (Conservative - Hinckley and Bosworth)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the 5p cut to fuel duty on levels of social mobility in rural areas.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Chancellor considers a wide range of impacts when taking decisions on tax policy. At Budget 2025, the Government announced that the 5p cut in fuel duty would be extended until the end of August 2026, with rates then gradually returning to March 2022 levels by March 2027. The planned increase in line with inflation for 2026/27 will also not take place, with RPI uprating resuming from 2027/28 onwards.
The Government’s decision on fuel duty will save the average car driver £49 in 2026/27. Those driving more than average, which includes drivers in rural communities, will generally experience larger savings.
The Rural Fuel Duty Relief Scheme provides a 5p per litre reduction to motorists buying fuel in certain areas. The areas included in the scheme demonstrate certain characteristics such as: pump prices much higher than the UK average; remoteness leading to high fuel transport costs from refinery to filling station; and relatively low sales meaning that retailers cannot benefit from bulk discounts.
Asked by: Esther McVey (Conservative - Tatton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate her Department has made of the increased cost to businesses as a result of the expansion of the Soft Drinks Industry Levy (SDIL), including directly through paying the increased SDIL and indirectly through the demand of product reformulation.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The changes to SDIL announced at Budget 2025 were confirmed following extensive industry engagement through the ‘Strengthening the Soft Drinks Industry Levy’ consultation, which was open from 28 April to 21 July 2025. Representations from businesses, and the trade bodies representing them, were received and considered as part of this process.
On 25 November 2025, the government published its summary of responses to the consultation. An assessment of impacts – including economic impacts for businesses – of the announced policy changes can be found within the Summary of Responses document here:
https://www.gov.uk/government/consultations/strengthening-the-soft-drinks-industry-levy/outcome/strengthening-the-soft-drinks-industry-levy-summary-of-responses#assessment-of-impacts
Asked by: Gregory Campbell (Democratic Unionist Party - East Londonderry)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of the Statement of Strategic Priorities for the National Wealth Fund in March 2025 on Northern Ireland.
Answered by James Murray - Chief Secretary to the Treasury
The Strategic Plan sets out the National Wealth Fund’s ambition to accelerate place-based investment across all four nations of the UK. It has a dedicated director based in Northern Ireland, and opened a Belfast office in December 2024.
The National Wealth Fund is already investing in Northern Ireland, for example in rural broadband development
Asked by: Jenny Riddell-Carpenter (Labour - Suffolk Coastal)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she plans to equalise the VAT treatment of Further Education colleges and school sixth forms.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Further Education (FE) funding is vital to ensure people are being trained in the skills they need to thrive in the modern labour market. The 2025 Spending Review provided an additional £1.2 billion per year by 2028-29 for skills and £1.7 billion of capital funding to help colleges maintain the condition of their estate. In addition, the Government is providing £375 million of capital investment to support the FE system to accommodate increasing student numbers.
For their non-business activity, FE colleges are unable to reclaim VAT incurred. We operate VAT refund schemes for schools and academies which are designed variously to ensure that VAT is not a burden on local taxation, and that academies are not disincentivised to leave LA control. FE colleges do not meet the criteria for either scheme.
In relation to business activity, FE colleges enjoy an exemption from VAT which means that they do not have to charge VAT to students but cannot recover it either.