HM Treasury

Latest News (from Department Twitter Feed)

22 Oct 2020, 3:58 p.m.: Following the statement in @UKParliament, the Chancellor @RishiSunak is now taking part in a press conference, alongside @UKPrimeMinister Boris Johnson, updating the nation on the additional support that will protect jobs and businesses. #PlanforJobs https://t.co/RxYXiLIF3E - Link
22 Oct 2020, 3 p.m.: The government will continue to support jobs across the UK this winter with the Job Support Scheme Open and the Job Support Scheme Closed. Here’s how they work. #PlanForJobs Read More: https://t.co/ENUztmwL0C https://t.co/vQ2wNNzpnY - Link

HM Treasury Commons Appearances

Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs

Other Commons Chamber appearances can be:

Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.

Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue

Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.

Most Recent Commons Appearances by Category

Date	Type	Title
Oct. 20	Oral Questions	Oral Answers to Questions
Oct. 13	Urgent Questions	Public Health Restrictions: Government Economic Support
Oct. 14	Westminster Hall	Productivity: Rural Areas
Mar. 18	Adjournment Debate	Future of Farming: Somerset

View All HM Treasury Commons Contibutions

HM Treasury - Bills and Acts in the Current Session

Title	Last Event	Next Event Date	Last Updated
Supply and Appropriation (Anticipation and Adjustments) Act 2020	Royal Assent (Minutes of Proceedings) 16 March, 2020		2 Apr 2020, 5:46 p.m.
A Bill to authorise the use of resources for the years ending with 31 March 2020 and 31 March 2021; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the year ending with 31 March 2020.
Finance Act 2020	Royal Assent (Minutes of Proceedings) 22 July, 2020		28 Jul 2020, 12:22 p.m.
A Bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.
Contingencies Fund Act 2020	Committee negatived (Minutes of Proceedings): House of Lords 25 March, 2020		26 Mar 2020, 9:43 a.m.
A Bill to make provision increasing the maximum capital of the Contingencies Fund for a temporary period.
Supply and Appropriation (Main Estimates) Act 2020	Royal Assent (Minutes of Proceedings) 22 July, 2020		27 Jul 2020, 11:56 a.m.

Stamp Duty Land Tax (Temporary Relief) Act 2020	Royal Assent (Minutes of Proceedings) 22 July, 2020		27 Jul 2020, 11:57 a.m.
A Bill to make provision to reduce for a temporary period the amount of stamp duty land tax chargeable on the acquisition of residential property.
Financial Services Bill 2019-21	1st reading: House of Commons (no debate)	2nd reading: House of Commons 9 Nov 2020	22 Oct 2020, 1:49 p.m.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.

HM Treasury - Draft Secondary Legislation

Dates	Department	Title
Published 14 Oct 2019, 4:09 p.m.	HM Treasury	The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2019
This Order abolishes the office of the Public Works Loan Commissioners (the “Commissioners”) who together were known as the Public Works Loans Board.

HM Treasury - Laid Secondary Legislation

Dates	Department	Title	Type
Laid 15 Oct 2020 In Force Not stated	HM Treasury	Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 Parliamentary Status - Text of Legislation	Draft affirmative procedure
These Regulations implement Directive (EU) 2019/879 of the European Parliament and of the Council of 20th May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC (O.J. L150, 7.6.2019, p296).
Laid 15 Oct 2020 In Force Not stated	HM Treasury	Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 Parliamentary Status - Text of Legislation	Draft affirmative procedure
These Regulations implement, in part, Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 (“CRDV”), amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures (O.J. L150, 7.6.2019, p.253). Part 2 provides power for the PRA to remove a person from the board of directors of an institution or financial holding company or mixed financial holding company where the person concerned no longer satisfies the requirements for such directors, and inserts a new Part 12B into the Financial Services and Markets Act 2000 (c. 8) introducing a requirement for certain financial holding companies and mixed financial holding companies to be approved.

View All HM Treasury Secondary Legislation

Petitions addressed by HM Treasury

Current Signatures	Title	Petition Deadline
149,138 Petition Closed	Pay Up Now! – Scrap the pay cap and give public servants a meaningful pay rise Gov Responded - 9 Oct 2017 Debated on - 4 Dec 2017	12 Mar 2018 closed 2 years, 7 months ago
Every single person who works in public services needs and deserve a pay rise. It’s time for the pay cap to be scrapped, for the government to provide additional funding for public sector pay and for employers to put public sector workers pay up now.
119,587 Petition Closed	Keep Childcare Vouchers open beyond April 2018 Gov Responded - 12 Oct 2017 Debated on - 15 Jan 2018	18 Mar 2018 closed 2 years, 7 months ago
Hundreds of thousands of parents will lose out under the new tax-free childcare. The voucher schemes should be kept open alongside tax-free childcare to give parents a genuine choice for the support that best suits their family.
26,106 Petition Closed	Extend grants immediately to small businesses outside of SBRR Gov Responded - 29 May 2020 Debated on - 25 Jun 2020	8 Oct 2020 closed 2 weeks, 1 day ago
The cash grants proposed by Government are only for businesses in receipt of the Small Business Rates Relief or Rural Relief, or for particular sectors. Many small businesses fall outside these reliefs desperately need cash grants and support now.

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HM Treasury Select Committee

HM Treasury Select Committee Home Page

Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.

At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries, and the Select Committee will occasionally publish formal reports of their findings.

Open Inquiries

Economic impact of coronavirus Tax after coronavirus UK Customs Policy Economic crime Decarbonisation and Green Finance

Closed Inquiries

Spring Budget 2020 Economic Crime Regional Imbalances in the UK economy The Work of the Debt Management Office Appointment of Richard Hughes as Chair of the Office for Budget Responsibility Reappointment of Professor Silvana Tenreyro to the Monetary Policy Committee Reappointment of Andy Haldane to the Monetary Policy Committee Appointment of Jonathan Hall to the Financial Policy Committee Appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority Infrastructure Bank of England Monetary Policy Reports Appointment of Andrew Bailey as Governor of the Bank of England Access to Cash Review Bank of England Financial Stability Reports Bank of England Inflation Reports Consumers’ Access to Financial Services Decarbonisation of the UK Economy and Green Finance Economic Crime The effectiveness of gender pay gap reporting HMRC Annual Report and Accounts inquiry Tax enquiries and resolution of tax disputes IT failures in the financial services sector Appointment of Dame Colette Bowe to the Financial Policy Committee Re-appointment of Professor Anil Kashyap to the Financial Policy Committee Work of the Financial Services Compensation Scheme Spending Round 2019 The impact of Business Rates on business Work of the Court of the Bank of England Independent Review of the Co-Operative Bank Regional Imbalances in the UK Economy Re-appointment of Michael Saunders to the Monetary Policy Committee Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England Maxwellisation RBS's Global Restructuring Group and its treatment of SMEs SME Finance Spring Statement 2019 The future of the UK’s financial services HM Treasury Annual Report and Accounts Service Disruption at TSB The UK's economic relationship with the European Union VAT The work of the Bank of England The work of the Chancellor of the Exchequer The work of the Financial Conduct Authority The Work of the Treasury The work of the Prudential Regulation Authority

Recent Select Committee Publications

Fri 27 Nov 2020 - Call for Evidence
Fri 23 Oct 2020 - Letter from Chief Executive and First Permanent Secretary, HMRC, relating to FinCen Papers, dated 2 October 2020
Fri 23 Oct 2020 - Letter from FCA Chief Executive relating to FinCen Papers, dated 9 October 2020
Fri 23 Oct 2020 - Letter from Lord Callanan, Minister for Climate Change and Corporate Responsibility, BEIS, relating to FinCen Papers, dated 13 October 2020
Fri 23 Oct 2020 - Letter from Rt Hon James Brokenshire MP, Minister of State for Security, relating to FinCen Papers, dated 19 October 2020

HM Treasury Publications

Most Recent Publications

Date	Title	Type
Oct. 22	Joint Statement: UK – U.S. Financial Regulatory Working Group	Policy paper
Oct. 22	Chancellor statement to the House – Plan For Jobs	News and Communications
Oct. 22	Plan for Jobs: Chancellor increases financial support for businesses and workers	News and Communications

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HM Treasury Written Questions

Written Questions are submitted by Members of Parliament and the House of Lords to receive information or updates from a Department.

Departments are required to respond in a timely fashion and provide a response or requested information. Written Questions can compel detailed and specific information to be produced, and are frequently used as the source of news stories about the work of a Department.

Latest Written Question

Date	Title	Questioner
22 Oct 2020, 4:48 p.m.	Rebecca Long Bailey MP (Labour - Salford and Eccles)	Rebecca Long Bailey MP (Labour - Salford and Eccles)
Question to the HM Treasury: To ask the Chancellor of the Exchequer, if he will provide sector specific financial support for (a) businesses and (b) employees operating in the (i) aviation industry and (ii) business travel sector in response to the covid-19 pandemic. Answered by Kemi Badenoch - Exchequer Secretary (HM Treasury) The Government recognises the challenging times facing the aviation and travel industries as a result of COVID-19. Firms experiencing difficulties can draw upon the unprecedented package of measures announced by the Chancellor, including schemes to raise capital and flexibilities with tax bills and, where eligible, grant schemes and business rate holidays. Firms in the aviation and travel industries will also be able to take advantage of the targeted package of measures the Chancellor announced as part of the Winter Economy Plan to support jobs and businesses through the Winter months, including the new Job Support Scheme. The Government has also recently launched a new Global Travel Taskforce to support the travel industry and the safe recovery of international travel. The border quarantine measures in the UK are being kept under constant review, and where possible the Government has looked to open up travel corridors in order to facilitate increased travel. The Government will continue to engage closely with these sectors on the impact of COVID-19.

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