HM Treasury

HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.



Secretary of State

 Portrait

John Healey
Chancellor of the Exchequer

Shadow Ministers / Spokeperson
Liberal Democrat
Baroness Kramer (LD - Life peer)
Liberal Democrat Lords Spokesperson (Treasury and Economy)
Daisy Cooper (LD - St Albans)
Liberal Democrat Spokesperson (Treasury)

Green Party
Ellie Chowns (Green - North Herefordshire)
Green Spokesperson (Treasury)

Conservative
Andrew Griffith (Con - Arundel and South Downs)
Shadow Chancellor of the Exchequer
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Lord Altrincham (Con - Life peer)
Shadow Minister (Treasury)
Gareth Davies (Con - Grantham and Bourne)
Shadow Financial Secretary (Treasury)
Peter Bedford (Con - Mid Leicestershire)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
John Cooper (Con - Dumfries and Galloway)
Shadow Exchequer Secretary (Treasury)
Ministers of State
Emma Reynolds (Lab - Wycombe)
Chief Secretary to the Treasury
James Murray (LAB - Ealing North)
Financial Secretary to the Treasury and Paymaster General
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
Lord Pitt-Watson (Lab - Life peer)
Parliamentary Secretary (HM Treasury)
There are no upcoming events identified
Debates
Wednesday 28th October 2026
Select Committee Inquiry
Tuesday 31st January 2023
Quantitative tightening

This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …

Written Answers
Thursday 29th October 2026
Motorcycles: Parking
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of introducing a …
Secondary Legislation
Wednesday 28th October 2026
Individual Savings Account (Amendment) (No. 3) Regulations 2026
These Regulations amend the Individual Savings Account Regulations 1998 (“the ISA Regulations”) in relation to Lifetime ISAs.
Bills and Acts
Wednesday 28th October 2026
14:21
Finance Bill 2026-27
A new Finance Bill is usually presented to Parliament each year; it enacts the proposals for taxation made by the …
Dept. Publications
Friday 30th October 2026
00:01

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
Sep. 08
Oral Questions
May. 21
Urgent Questions
Oct. 28
Written Statements
View All HM Treasury Commons Contibutions

Bills currently before Parliament

HM Treasury does not have Bills currently before Parliament


Acts of Parliament created in the 2024 Parliament

Introduced: 30th June 2026

A Bill to authorise the use of resources for the year ending with 31 March 2027; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2026.

This Bill received Royal Assent on 15th July 2026 and was enacted into law.

Introduced: 24th June 2026

A Bill to Increase the rate of electricity generator levy and mileage amounts relating to income tax and to provide for temporary rates of vehicle excise duty for goods vehicles.

This Bill received Royal Assent on 15th July 2026 and was enacted into law.

Introduced: 4th December 2025

A Bill to Make provision to amend section 4 of the Social Security Contributions and Benefits Act 1992, and section 4 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, so that amounts of salary sacrificed for employer pensions contributions pursuant to optional remuneration arrangements are liable to national insurance contributions.

This Bill received Royal Assent on 29th April 2026 and was enacted into law.

Introduced: 2nd December 2025

A Bill to make provision in connection with finance.

This Bill received Royal Assent on 18th March 2026 and was enacted into law.

Introduced: 4th March 2026

A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and 31 March 2027; 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 years ending with 31 March 2025 and 31 March 2026.

This Bill received Royal Assent on 18th March 2026 and was enacted into law.

Introduced: 25th June 2025

A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.

This Bill received Royal Assent on 21st July 2025 and was enacted into law.

Introduced: 13th November 2024

A Bill to make provision about secondary Class 1 contributions.

This Bill received Royal Assent on 3rd April 2025 and was enacted into law.

Introduced: 6th November 2024

A Bill to make provision about finance.

This Bill received Royal Assent on 20th March 2025 and was enacted into law.

Introduced: 25th July 2024

A Bill to amend the Crown Estate Act 1961.

This Bill received Royal Assent on 11th March 2025 and was enacted into law.

Introduced: 5th March 2025

A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; 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 years ending with 31 March 2024 and 31 March 2025.

This Bill received Royal Assent on 11th March 2025 and was enacted into law.

Introduced: 6th November 2024

A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.

This Bill received Royal Assent on 16th January 2025 and was enacted into law.

Introduced: 18th July 2024

A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.

This Bill received Royal Assent on 10th September 2024 and was enacted into law.

Introduced: 24th July 2024

A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.

This Bill received Royal Assent on 30th July 2024 and was enacted into law.

HM Treasury - Secondary Legislation

These Regulations amend the Individual Savings Account Regulations 1998 (“the ISA Regulations”) in relation to Lifetime ISAs.
These Regulations amend the Securitisation Regulations 2024 (S.I. 2024/102) (“the Securitisation Regulations”) and the Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 (S.I. 2014/1195).
View All HM Treasury Secondary Legislation

Petitions

e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.

If an e-petition reaches 10,000 signatures the Government will issue a written response.

If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).

Trending Petitions
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Petitions with most signatures
Petition Open
8,314 Signatures
(367 in the last 7 days)
Petition Open
3,082 Signatures
(376 in the last 7 days)
Petition Open
2,871 Signatures
(17 in the last 7 days)
Petition Open
2,203 Signatures
(49 in the last 7 days)
Petition Debates Contributed

Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.

We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.

We want the government to introduce a new tax code for state pensioners, set at double the basic threshold. If this was implemented, pensioners would receive a higher tax-exempt limit, but wealthier pensioners would still pay tax.

View All HM Treasury Petitions

Departmental Select Committee

Treasury Committee

Commons 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.

Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.


11 Members of the Treasury Committee
Meg Hillier Portrait
Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)
Treasury Committee Member since 9th September 2024
Siobhain McDonagh Portrait
Siobhain McDonagh (Labour - Mitcham and Morden)
Treasury Committee Member since 21st October 2024
John Glen Portrait
John Glen (Conservative - Salisbury)
Treasury Committee Member since 21st October 2024
Harriett Baldwin Portrait
Harriett Baldwin (Conservative - West Worcestershire)
Treasury Committee Member since 21st October 2024
Bobby Dean Portrait
Bobby Dean (Liberal Democrat - Carshalton and Wallington)
Treasury Committee Member since 28th October 2024
Chris Coghlan Portrait
Chris Coghlan (Liberal Democrat - Dorking and Horley)
Treasury Committee Member since 28th October 2024
Catherine West Portrait
Catherine West (Labour - Hornsey and Friern Barnet)
Treasury Committee Member since 27th October 2025
Jim Dickson Portrait
Jim Dickson (Labour - Dartford)
Treasury Committee Member since 27th October 2025
Julie Minns Portrait
Julie Minns (Labour - Carlisle)
Treasury Committee Member since 22nd June 2026
Seema Malhotra Portrait
Seema Malhotra (Labour (Co-op) - Feltham and Heston)
Treasury Committee Member since 26th October 2026
Andrew Lewin Portrait
Andrew Lewin (Labour - Welwyn Hatfield)
Treasury Committee Member since 26th October 2026
Treasury Committee: Upcoming Events
Treasury Committee - Oral evidence
Budget 2026
3 Nov 2026, 9:30 a.m.
View calendar - Save to Calendar
Treasury Committee - Oral evidence
Budget 2026
4 Nov 2026, 2 p.m.
View calendar - Save to Calendar
Treasury Committee: Previous Inquiries
The Financial Conduct Authority’s Regulation of London Capital & Finance plc Budget 2021 Work of National Savings and Investments Lessons from Greensill Capital Appointment of Carolyn Wilkins to the Financial Policy Committee Appointment of Tanya Castell to the Prudential Regulatory Committee The work of the Prudential Regulation Authority Reappointment of Jill May and Julia Black to the Prudential Regulation Committee Committee on COP26: climate change and finance Spring Budget 2020 Appointment of Sarah Breeden to the Financial Policy Committee Appointment of Catherine Mann to the Monetary Policy Committee Reappointment of Jonathan Haskel to the Monetary Policy Committee Bank of England July Financial Stability Report and August Monetary Policy Report 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 Maxwellisation inquiry The work of National Savings and Investments inquiry Retail Banking Market Review inquiry HMRC Executive Chair and Chief Executive Financial stability one-off hearing Appointment of the CEO of Financial Conduct Authority Bank of England Financial Stability Report Hearings 2016-17 UK's future economic relationship with the EU inquiry Appointment of Deputy Governor for Prudential Regulation EU Insurance Regulation inquiry HM Treasury: Report and Accounts 2015 – 2016 Appointment of Michael Saunders to the Monetary Policy Committee Appointment of Anil Kashyap to the Financial Policy Committee Tax credits, fraud and error inquiry The work of the Chancellor of the Exchequer inquiry Bank of England Inflation Report Hearing August 2016 Prudential Regulation Authority inquiry Sir Charles Bean appointment to Budget Responsibility Committee UK tax policy and the tax base inquiry Government Internal Audit Agency inquiry HM Treasury Annual Report and Accounts 2014-15 inquiry Valuation Office Agency inquiry Independent review of report into failure of HBOS inquiry Review of the Office for National Statistics inquiry Appointment of Angela Knight as Chair of the Office for Tax Simplification Appointment of Tim Parkes as Chair of Regulatory Decisions Committee Budget 2016 inquiry Financial Policy Committee re-appointment hearings Bank of England Inflation Report Hearing May 2016 Work of the Court of the Bank of England inquiry Bank of England Inflation Report Hearing February 2017 Appointment of the Deputy Governor for Markets and Banking Budget 2017 inquiry Restoration and Renewal of the Palace of Westminster inquiry Capital inquiry Work of the Payment Systems Regulator inquiry Effectiveness and impact of post-2008 UK monetary policy Access to basic retail financial services inquiry Financial Conduct Authority inquiry Bank of England Inflation Report Hearing November 2016 UK Financial Investments annual reports and accounts 2015-16 Housing Policy inquiry Autumn Statement 2016 Household finances: income, saving and debt inquiry Bank of England Inflation Reports inquiry Budget Autumn 2017 inquiry Student Loans inquiry The UK's economic relationship with the European Union inquiry The work of the Bank of England inquiry The work of the Financial Conduct Authority The work of the National Infrastructure Commission inquiry Women in finance inquiry Appointment of Professor Silvana Tenreyro to the Monetary Policy Committee Appointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking, Bank of England The work of the Chancellor of the Exchequer EU Insurance Regulation inquiry HMRC Annual Report and Accounts inquiry Re-appointment of Professor Anil Kashyap to the Financial Policy Committee inquiry Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England inquiry The effectiveness of gender pay gap reporting inquiry Decarbonisation of the UK Economy and Green Finance inquiry Regional Imbalances in the UK Economy inquiry Work of the Financial Services Compensation Scheme inquiry Spending Round 2019 inquiry Access to Cash Review inquiry Appointment of Kathryn Cearns as Chair of the Office of Tax Simplification inquiry The future of the UK’s financial services inquiry The impact of Business Rates on business inquiry Spring Statement 2019 inquiry The work of the Adjudicator’s Office inquiry The work of the Debt Management Office inquiry Independent Review of the Co-Operative Bank inquiry Work of the Court of the Bank of England inquiry Tax enquiries and resolution of tax disputes inquiry IT failures in the financial services sector inquiry Work of the Banking Standards Board inquiry Independent Review of the Financial Ombudsman Service Appointment of Bradley Fried as Chair of Court, Bank of England Appointment of Professor Jonathan Haskel to the Monetary Policy Committee Andy King, Nominated Member of the Budget Responsibility Committee Re-appointment of Dr Gertjan Vlieghe to the Monetary Policy Committee Maxwellisation inquiry Work of the Valuation Office Agency inquiry Appointment of Julia Black as external member of the Prudential Regulation Committee Appointment of Jill May as an external member of the Prudential Regulation Committee Consumers’ Access to Financial Services inquiry The re-appointment of Sir Jon Cunliffe as Deputy Governor for Financial Stability at the Bank of England inquiry Budget 2018 inquiry The Work of the Treasury inquiry Service Disruption at TSB inquiry Economic Crime inquiry Re-appointment of Alex Brazier to the Financial Policy Committee Re-appointment of Donald Kohn to the Financial Policy Committee Re-appointment of Martin Taylor to the Financial Policy Committee VAT inquiry Spring Statement 2018 Digital Currencies inquiry Appointment of Charles Randell as Chair of the Financial Conduct Authority SME Finance inquiry Appointment of Elisabeth Stheeman to the Bank of England Financial Policy Committee The work of the Prudential Regulation Authority inquiry Bank of England Financial Stability Reports RBS's Global Restructuring Group and its treatment of SMEs inquiry Childcare inquiry The work of the Payment Systems Regulator inquiry HM Treasury Annual Report and Accounts inquiry Women in the City Crown Estate Cheques, the end of? Mortgage Arrears and Access to Mortgage Finance: Follow up Financial Institutions - Too Important To Fail? Budget 2010 Credit Searches European Macro and Micro Prudential Financial Regulation Presbyterian Mutual Society Pre-Budget Report 2009 Budget 2009 Pre-Budget Report 2008 Budget 2008 Pre-Budget Report 2007 Mortgage Arrears and Access to Mortgage Finance Evaluating the Efficiency Programme Administration and expenditure of the Chancellor’s Departments, 2008-09 Banking Crisis Banking Crisis: International Dimensions Banking Reform Run on the Rock Budget June 2010 Competition and choice in the banking sector Office for Budget Responsibility Financial Regulation Spending Review 2010 Administration and effectiveness of HMRC The principles of tax policy Retail Distribution Review European financial regulation Autumn forecast 2010 Accountability of the Bank of England Private Finance Initiative Budget 2011 Future of Cheques Independent Commission on Banking: Interim Report Closing the tax gap: HMRC's record at ensuring tax compliance Budget Measures and Low-income Households Financial Conduct Authority Inherited Estates Counting the population Administration and expenditure of the Chancellor's Departments, 2006-07 Comprehensive Spending Review 2007 Administration and expenditure of the Chancellor's Departments, 2007-08 Independent Commission on Banking: Final Report Global Imbalances Autumn Statement 2011 Budget 2012 Corporate governance and remuneration Money Advice Service LIBOR FSA's report into HBOS Spending Round 2013 Project Verde Macroprudential tools Disposal of Government Stakes in RBS and Lloyds Credit Rating Agencies Autumn Statement 2012 Appointment of Dr Mark Carney as Governor of the Bank of England Budget 2013 Quantitative easing Private Finance 2 Autumn Statement 2013 Bank of England Financial Stability Report hearings: Session 2014-15 Appointment hearings, Session 2013-14 Bank of England Inflation Report Hearings: Session 2013-14 EU Financial Regulation Monetary Policy: Forward Guidance UK Financial Investments Ltd 2013 The economics of HS2 SME Lending Financial Conduct Authority hearings The costing of pre-election policy proposals Performance of the Royal Mint Budget 2014 The economics of currency unions OBR: July 2013 Fiscal Sustainability Report Banks' Lending Practices: Treatment of Businesses in Distress RBS Independent Lending Review Prudential Regulation Authority Hearings: Session 2014-15 HM Treasury Annual Report and Accounts 2013-14 Treatment of Financial Services Consumers Bank of England Inflation Report Hearings: Session 2014-15 HMRC Business Plan 2014-16 Manipulation of Benchmarks Appointment hearings, Session 2014-15 Co-op Governance Review Cost effectiveness of economic and financial sanctions Bank of England Financial Stability Report Hearings 2015-16 Bank of England Inflation Report Hearings 2015-16 Summer Budget 2015 inquiry UK Financial Investments Ltd Annual Report and Accounts 14-15 Review of scope and performance of Office for Budget Responsibility Bank of England Bill inquiry Chair of Office for Budget Responsibility reappointment hearing HMRC Annual Report and Accounts 2014-15 inquiry Prudential Regulation Authority inquiry Comprehensive Spending Review and Autumn Statement 2015 inquiry Review of CMA work on Retail Banking Market one-off session Financial Conduct Authority Practitioner Panels one-off session Appointment of Gertjan Vlieghe to the Monetary Policy Committee hearing Reappointment of Ian McCafferty to the Monetary Policy Committee hearing Financial Conduct Authority Economic and financial costs and benefits of UK's EU membership Crown Estate Annual Report and Accounts 2013/14 Bank of England Foreign Exchange Market Investigation HM Revenue and Customs and HSBC Budget 2015 The UK's EU Budget Contributions Press briefing of information in the Financial Conduct Authority’s 2014/15 Business Plan Fair and Effective Markets Review The Payment Systems Regulator Implementing the recommendations on the Parliamentary Commission on Banking Standards Autumn Statement 2014 Work of the Tax Assurance Commissioner UK Financial Investments Ltd Proposals for further Fiscal and Economic Devolution to Scotland Debt Management Office Annual Report and Accounts 2013-14 UK Customs Policy Infrastructure The cost of living The venture capital market The crypto-asset industry Tax Reliefs September 2022 Fiscal Event The Financial Services and Markets Bill The mortgage market The Edinburgh Reforms Quantitative tightening Retail Banks Appointment of Andrew Bailey as Governor of the Bank of England Work of Government Actuary’s Department Work of the Financial Ombudsman Service Work of HM Treasury Future of Financial Services Spending Review 2020 HMRC Annual Report and Accounts Bank of England Financial Stability Reports The appointment of John Taylor to the Prudential Regulation Committee UK’s economic and trading relationship with the EU The appointment of Antony Jenkins to the Prudential Regulation Committee 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

50 most recent Written Questions

(View all written questions)
Written Questions can be tabled by MPs and Lords to request specific information information on the work, policy and activities of a Government Department

15th Oct 2026
To ask His Majesty's Government, further to the Written Answer by Lord Pitt-Watson on 14 October (HL3749), whether they will now answer the question put, namely to compare the UK’s rate of capital gains tax with the average rate across all EU countries.

As I set out in my answer to HL3749, the main rates of Capital Gains Tax (CGT) in the UK are 18% for basic rate taxpayers and 24% for higher rate taxpayers.

The Government is not responsible for the provision of information to Parliament in respect of CGT rates in other countries. When seeking to draw comparisons it is important to recognise that headline tax rates sit alongside other aspects of the relevant countries’ regimes.

Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
21st Oct 2026
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of the current tax burden on hospitality businesses on (a) closures, (b) employment, (c) private investment and (d) economic growth over the next five years.

The Government has provided targeted support to the hospitality sector, including a £4.3 billion business rates support package and the introduction of permanently lower multipliers for eligible retail, hospitality and leisure properties. These measures provide almost £1 billion of support each year and benefit more than 750,000 properties.

The Employment Allowance has also been increased to £10,500, meaning around 900,000 employers will have no employer National Insurance liability, while businesses can benefit from targeted reliefs that support the employment of young people.

James Murray
Financial Secretary to the Treasury and Paymaster General
15th Oct 2026
To ask His Majesty's Government whether they intend to postpone the introduction of the UK Carbon Border Adjustment Mechanism beyond 1 January 2027; and what assessment they have made of the potential effects of postponement on steel producers and downstream steel-consuming businesses.

The UK’s Carbon Border Adjustment Mechanism (CBAM) will come into force on 1 January 2027 as planned.

Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
26th Oct 2026
To ask the Chancellor of the Exchequer, if his Department will a) review the withdrawal of the temporary easement for wine as part of the ongoing three-year evaluation of the alcohol excise duty system and b) commission an impact assessment of the decision to withdraw the easement in February 2025, including the effect on SMEs and revenue from alcohol excise duties.

The Government has conducted an evaluation of the 2023 Alcohol Duty reforms, in line with the commitment to do so three years on from their implementation. At Budget 2026, following the collection and review of evidence, HMRC and HM Treasury published a report on its findings. This report is available on the gov.uk website.

The Alcohol Duty evaluation report shows that the reforms have encouraged producers to innovate, reformulate, and meet the demand for lower-strength products.

Alongside the introduction of the 2023 reforms, a temporary easement was put in place for wine importers and producers to help manage the transition to the new method of calculating the duty on their products. The impact of the wine easement was not reviewed as part of the Alcohol Duty evaluation as it was a temporary measure.

The 8.5% ABV limit ensures that Small Producers Relief is targeted at lower-strength products. This is line with the principle underpinning the 2023 Alcohol Duty reforms that stronger alcoholic products should pay more duty.

James Murray
Financial Secretary to the Treasury and Paymaster General
26th Oct 2026
To ask the Chancellor of the Exchequer, if his Department will review the treatment of products below 8.5% ABV as part of the ongoing three-year evaluation of the alcohol excise duty system, including considering a single rate for all products below 8.5% ABV.

The Government has conducted an evaluation of the 2023 Alcohol Duty reforms, in line with the commitment to do so three years on from their implementation. At Budget 2026, following the collection and review of evidence, HMRC and HM Treasury published a report on its findings. This report is available on the gov.uk website.

The Alcohol Duty evaluation report shows that the reforms have encouraged producers to innovate, reformulate, and meet the demand for lower-strength products.

Alongside the introduction of the 2023 reforms, a temporary easement was put in place for wine importers and producers to help manage the transition to the new method of calculating the duty on their products. The impact of the wine easement was not reviewed as part of the Alcohol Duty evaluation as it was a temporary measure.

The 8.5% ABV limit ensures that Small Producers Relief is targeted at lower-strength products. This is line with the principle underpinning the 2023 Alcohol Duty reforms that stronger alcoholic products should pay more duty.

James Murray
Financial Secretary to the Treasury and Paymaster General
26th Oct 2026
To ask the Chancellor of the Exchequer, what the reason is for applying an ABV cap to the Small Producer Relief scheme within the alcohol excise duty system.

The Government has conducted an evaluation of the 2023 Alcohol Duty reforms, in line with the commitment to do so three years on from their implementation. At Budget 2026, following the collection and review of evidence, HMRC and HM Treasury published a report on its findings. This report is available on the gov.uk website.

The Alcohol Duty evaluation report shows that the reforms have encouraged producers to innovate, reformulate, and meet the demand for lower-strength products.

Alongside the introduction of the 2023 reforms, a temporary easement was put in place for wine importers and producers to help manage the transition to the new method of calculating the duty on their products. The impact of the wine easement was not reviewed as part of the Alcohol Duty evaluation as it was a temporary measure.

The 8.5% ABV limit ensures that Small Producers Relief is targeted at lower-strength products. This is line with the principle underpinning the 2023 Alcohol Duty reforms that stronger alcoholic products should pay more duty.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he has considered introducing additional taxation on commercial vehicle parking facilities.

The Government understands concerns about the impact of airport drop-off charges and will therefore be taking forward a review into drop off charges. This will be completed within 12 months of Royal Assent of the Civil Aviation Bill. This will allow sufficient time to consider the range of issues raised by passengers and Parliamentarians, including transparency, charging practices, affordability and available alternatives.

The Government keeps all taxes under review and the Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he has considered introducing additional taxes on airport car parking and terminal drop-off services.

The Government understands concerns about the impact of airport drop-off charges and will therefore be taking forward a review into drop off charges. This will be completed within 12 months of Royal Assent of the Civil Aviation Bill. This will allow sufficient time to consider the range of issues raised by passengers and Parliamentarians, including transparency, charging practices, affordability and available alternatives.

The Government keeps all taxes under review and the Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.

James Murray
Financial Secretary to the Treasury and Paymaster General
26th Oct 2026
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of introducing a tax on motorcycle parking.

The Government understands concerns about the impact of airport drop-off charges and will therefore be taking forward a review into drop off charges. This will be completed within 12 months of Royal Assent of the Civil Aviation Bill. This will allow sufficient time to consider the range of issues raised by passengers and Parliamentarians, including transparency, charging practices, affordability and available alternatives.

The Government keeps all taxes under review and the Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.

James Murray
Financial Secretary to the Treasury and Paymaster General
26th Oct 2026
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of enhanced due diligence measures related to politically exposed persons on (a) family members and (b) known close associates.

The Money Laundering Regulations require regulated firms to apply enhanced due diligence (EDD) where a customer or beneficial owner is a politically exposed person (PEP), a family member, or a known close associate of a PEP.

These measures are designed to help mitigate the increased risk of bribery and corruption and ensure that attempts to exploit a PEP’s position are detected and referred to law enforcement.

The Government recognises the impact these measures can have and has been clear that PEPs, and their family members and close associates, must be treated fairly and proportionately by banks and other regulated firms. Changes to the MLRs in force since January 2024 are clear that the starting point for regulated businesses must be to treat domestic PEPs as inherently lower risk than non-domestic PEPs.

Last year, the FCA published updated guidance on PEPs to encourage a risk-based approach, following its review of the treatment of PEPs. The government will continue to work closely with the FCA to ensure firms improve their practices where necessary.

Lucy Rigby
Economic Secretary (HM Treasury)
26th Oct 2026
To ask the Chancellor of the Exchequer, how much of the increase in the percentage of GDP spent on defence will be funded by Public Finance Institutions each year from 2026/27 until 2029/30 inclusive.

At the 2026 Autumn Budget, the Chancellor announced that the National Wealth Fund and British Business Bank will deploy up to £5 billion over the next four years into defence, dual use and other sectors that support our national security, sovereign capability and resilience.

At the Spending Review next year, the Government will set out the details of how we will meet our NATO commitment of spending 3.5% of GDP on defence by 2035, with a target date for 3% in 2030.

Lucy Rigby
Economic Secretary (HM Treasury)
26th Oct 2026
To ask the Chancellor of the Exchequer, what assessment his Department has made of the adequacy of (a) anti-money laundering regulations and (b) "know your customer" requirements.

The Government is committed to tackling money laundering and terrorist financing, while ensuring that the UK’s anti-money laundering regime remains effective and proportionate.

Under the Money Laundering Regulations (MLRs), banks and other regulated firms must have appropriate policies, controls and procedures to mitigate money laundering and terrorist financing risks. This includes customer due diligence, sometimes referred to as “Know Your Customer” requirements, to verify customers’ identities and understand the purpose of transactions.

The Government keeps the MLRs under review and engages closely with industry, supervisors and other stakeholders to ensure that requirements remain effective, proportionate and responsive to evolving money laundering and terrorist financing risks, making changes where appropriate.

For example, in July 2025 HM Treasury published its response to a consultation on improving the effectiveness of the MLRs, setting out reforms to close loopholes, clarify requirements and ensure customer due diligence is targeted at higher-risk activity.

Firms continue to be required to take a risk-based approach, ensuring that the extent of checks is proportionate to the money laundering and terrorist financing risks presented.

Lucy Rigby
Economic Secretary (HM Treasury)
26th Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to advise UK citizens to hold some cash reserves in the context of international hacking reports.

The Government has provided public advice on preparing for emergencies through the Be Ready Campaign website. This includes advice that people may wish to consider keeping cash for essential purchases in case electronic payments or cash machines are disrupted. The amount held should reflect each household’s circumstances and needs.

Further information is available at: Be ready for emergencies - Be Ready

Lucy Rigby
Economic Secretary (HM Treasury)
26th Oct 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 23 October 2026 to question 34938 on Home Office: Public Expenditure, if hew provide a detailed breakdown of each department’s future contribution to the Defence Investment Plan, as per serial 5 of the Defence Investment Plan funding explainer, following the publication of the Autumn 2026 budget.

I refer the honourable member to the answer given to question 27309 on 9 September 2026.

Emma Reynolds
Chief Secretary to the Treasury
14th Oct 2026
To ask His Majesty's Government what assessment they have made of the threat to financial stability of the increase in private credit lending.

Private markets, including private credit, play a vital role in providing financing to the real economy. They support innovation and diversify funding sources.

As the Bank of England have said, the growth of private markets also brings new vulnerabilities, including from the sectors’ increasing complexity, use of leverage, opacity, and interconnectedness with the wider financial system.

HM Treasury continues to work closely with the regulators to understand these risks. In the 2025 remit letter to the Bank of England’s Financial Policy Committee, the Committee were asked to continue to consider risks in private markets. The Bank of England has since launched its private markets System‑Wide Exploratory Scenario – a world-leading exercise to deepen understanding of vulnerabilities in private markets.

Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
20th Oct 2026
To ask the Chancellor of the Exchequer, what was the total cost to the public purse of his visit to China in January 2025.

The total cost of the Chancellor’s visit to China in January 2025 was £60,858.81.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
14th Oct 2026
To ask His Majesty's Government in which financial year they last received a financial contribution from the European Union towards the cost of (1) regional, and (2) social project funding in Wales; and what was the total sum received for each fund.

This is a devolved matter, and it is the responsibility of the Welsh government for administrating the funds. However, I can confirm that last payments for the European Regional Development Fund (ERDF) Programmes were received by the Welsh Government in 2025/26 and in total for the ERDF 2014-20 Programme, €1.4bn was received. For European Social Fund (ESF), the last payments received by the Welsh Government was in 2024/25 and the total received for the ESF 2014-20 Programmes was €1bn.

Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
23rd Oct 2026
To ask the Chancellor of the Exchequer, what estimate he has made of the total worth of the frozen assets of the previous Libyan regime.

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, published in its 2024-2025 Annual Review that over £12.9 billion of assets relating to the Libya sanctions regime have been reported as frozen as of September 2024. This is an aggregated total of all entities and individuals listed on the Consolidated List of Financial Sanctions Targets.

Lucy Rigby
Economic Secretary (HM Treasury)
20th Oct 2026
To ask the Chancellor of the Exchequer, with reference to the answer of 16 May 2025, to Question 50105, on Help to Buy Scheme, and with reference to the Evaluation of the Help to Buy scheme: evaluation findings report, published 15 September 2026, whether HM Treasury has had recent discussions with banks and building societies on the potential merits of re-introducing the Help to Buy housing scheme for first time buyers.

I refer the Hon. Member to the announcement made by the Prime Minister on the 26 October, committing to a new equity loan scheme: Your First Home. We will announce further details including costs and implementation timelines at Autumn Budget.

New first-time buyer scheme to be confirmed at Budget - GOV.UK

Lucy Rigby
Economic Secretary (HM Treasury)
23rd Oct 2026
To ask the Chancellor of the Exchequer, whether his Department has recently briefed the media in relation to business rates thresholds.

The Treasury does not comment on speculation concerning tax policy. Decisions on tax are a matter for the Chancellor and are set out at fiscal events

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
20th Oct 2026
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reviewing how the High Income Child Benefit Charge is calculated.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
20th Oct 2026
To ask the Chancellor of the Exchequer, whether he has assessed the potential merits of introducing a Tax Relief scheme to allow Capital Gains Tax liabilities to be deferred where proceeds from the disposal of a business are reinvested in UK growth businesses.

At Budget 2026, the Chancellor announced that from April 2027, the new Capital Gains Tax (CGT) Founders' Relief will give founders and early investors a reduced 10% rate of CGT, on gains up to a £10 million lifetime limit.

The Enterprise Investment Scheme (EIS) also allows investors to defer up to 100% of a capital gain where it is reinvested in eligible EIS shares.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, if he will offer mayors and other local partners the flexibility to determine the capital-revenue split in any future local growth funding to their area.

The government is committed to providing mayors and local leaders with greater flexibility and control over local funding. As set out in the Fiscal Devolution Roadmap, we will continue to work with mayors and local leaders to develop a reformed funding model for regional and local government.

As set out in the Fiscal Devolution Roadmap, the government will also consider the case for applying controls to balance the mix of capital and resource spending, in a proportionate way, to support adherence to the fiscal rule on day-to-day spending.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
20th Oct 2026
To ask the Chancellor of the Exchequer, with reference to the Visitor Levy Consultation Government Response, of 10 September 2026, and further to the £18 million a year revenue estimate for the Liverpool City Region in the associated departmental press release, what estimate has been made by HM Treasury of the potential gross annual revenue to strategic authorities.

The impact of the Visitor Levy, including revenue raised, will largely depend on local decisions. It will be for strategic authorities to decide whether to introduce a levy and the appropriate rate for their area, informed by local consultation. If a levy is introduced, local leaders will decide how to invest revenues raised to support local growth and deliver improvements for residents, businesses and visitors.

Emma Reynolds
Chief Secretary to the Treasury
20th Oct 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 13 October 2026, to Question 20296, on JP Morgan: Business Rates, on what date will the business rate relief start, and what is the financial value of the cap.

A new building becomes liable for business rates when it is practically complete and ready for occupation for the purpose for which it was intended.

The financial value of the cap on the business rates relief is covered by confidentiality provisions and is subject to a subsidy control process. It has been calculated to ensure that the programme delivers value for money for the taxpayer.

James Murray
Financial Secretary to the Treasury and Paymaster General
20th Oct 2026
To ask the Chancellor of the Exchequer, further to the answer of 8 October 2027, Official Report, Column 227-228W, whether the Automated Valuation Model developed by the HMRC Valuation Office for (a) the council tax revaluation in Wales and (b) the council tax surcharge in England, utilises localities or neighbourhoods, or any other geographic area smaller than local billing authorities.

Information on the Valuation Office’s model assisted valuation approach (AVM) can be found here: https://www.gov.uk/guidance/how-model-assisted-valuation-delivers-large-scale-property-valuations

The model approach for the AVM for HVCTS is being finalised.

James Murray
Financial Secretary to the Treasury and Paymaster General
20th Oct 2026
To ask the Chancellor of the Exchequer, pursuant to the answer of 19 October 2026, to Question 32140, on Council tax: valuation, what is HMRC Valuation Office’s working estimates of the appeal rate on the council tax surcharge.

The OBR published an estimate of the High Value Council Tax Surcharge (HVCTS) appeals rate in April 2026 at https://obr.uk/docs/dlm_uploads/Supplementary-forecast-information-high-value-council-tax-surcharge-costing.pdf.

That estimate remains the Government's current working estimate and will be kept under review.

James Murray
Financial Secretary to the Treasury and Paymaster General
20th Oct 2026
To ask the Chancellor of the Exchequer, further to the Freedom of Information Act response by HMRC, Ref: FOI2026/105605, of 16 October 2026, if he will place a full copy of the HMRC Valuation Office Inspection and Data Collection Manual in the Library.

There are no plans to place a full copy of the manual in the House of Commons Library.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to increase Air Passenger Duty rates for economy-class passengers.

Air Passenger Duty (APD) applies to airlines and is the principal tax on the aviation sector.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to increase Air Passenger Duty rates beyond previously announced changes.

Air Passenger Duty (APD) applies to airlines and is the principal tax on the aviation sector.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he has considered introducing a frequent flyer levy.

Air Passenger Duty (APD) applies to airlines and is the principal tax on the aviation sector.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to increase Benefit-in-Kind tax rates for company cars beyond previously announced increases.

The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy.

The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to review the exemption from Vehicle Excise Duty for vehicles manufactured more than 40 years ago.

There is currently a rolling 40-year exemption from VED for classic cars. Currently, vehicles constructed before 1 January 1986 are exempt from paying VED. From 1 April 2027 vehicles constructed before 1 January 1987 will become exempt from VED.


The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
21st Oct 2026
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of using the new Energy Wealth Fund to establish an early stage de-risking fund for deep geothermal energy projects.

Established within the National Wealth Fund (NWF), the Energy Wealth Fund (EWF) will invest in renewable and low carbon energy infrastructure across the UK, helping unlock growth and supporting projects that will drive the country’s transition to a low-carbon economy. Further details will be set out in due course.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
21st Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the potential contribution of deep geothermal energy to the objectives of the Energy Wealth Fund.

Established within the National Wealth Fund (NWF), the Energy Wealth Fund (EWF) will invest in renewable and low carbon energy infrastructure across the UK, helping unlock growth and supporting projects that will drive the country’s transition to a low-carbon economy. Further details will be set out in due course.

Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, with reference to his statement published on 26 August 2026, “Chancellor statement on Iran sanctions”, what positive impact does he assess there has been as a result of support for the United States’s Operation Economic Outcast.

Coordinated international pressure plays an important, positive role in constraining Iran's ability to finance its nuclear programme and other malign and de-stabilising activities, while supporting efforts to secure a sustainable diplomatic solution. We will continue to work alongside the US, and other partners, to encourage Iran to engage in diplomatic discussions in good faith.

Lucy Rigby
Economic Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to review the Lifetime ISA property price cap, prior to the introduction of the First Time Buyer ISA.

The Government recently consulted on the implementation of the First Time Buyer ISA and engaged with ISA providers, trade bodies and other financial services stakeholders as part of that process. Stakeholders raised a range of issues, including the property price cap. The consultation closed on 18 August, and we are carefully considering the responses received.

Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still below the Lifetime ISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.

The Government keeps all aspects of savings tax policy under review.

Lucy Rigby
Economic Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, what recent discussions he has had with (a) ISA providers and (b) other financial industry stakeholders on the Lifetime ISA property price cap.

The Government recently consulted on the implementation of the First Time Buyer ISA and engaged with ISA providers, trade bodies and other financial services stakeholders as part of that process. Stakeholders raised a range of issues, including the property price cap. The consultation closed on 18 August, and we are carefully considering the responses received.

Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still below the Lifetime ISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.

The Government keeps all aspects of savings tax policy under review.

Lucy Rigby
Economic Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, whether the Government plans to issue updated guidance to the Financial Conduct Authority on the criteria used in cash access assessments, including the weight given to rural communities and residents without adequate access to digital banking.

The Government is committed to maintaining the viability of cash as a payment method for those who choose to use it. The Financial Conduct Authority (FCA) has responsibility and powers to seek to ensure reasonable provision of access to cash withdrawal and deposit facilities.

The cash access policy statement, to which the FCA must have regard to when setting its rules, notes that the FCA should seek to ensure that at least 95% of people are within 1 mile of a cash access facility in urban areas and within 3 miles for rural areas. The latest data from the FCA shows it is meeting those distances. The FCA has committed to carry out a formal evaluation of its access to cash regime in due course.

The Government also understands the importance of banking services to communities and high streets and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. The Government has also commissioned an independent Review into Access to Banking Services, to assess whether changes in access to in-person banking services are causing consumer detriment and the scale of any detriment. The Government intends to use the Financial Services and Markets Bill to introduce a power to allow action to be taken in future to protect access to banking services, should the evidence support intervention.

Lucy Rigby
Economic Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, what assessment HM Treasury has made of the adequacy of the access to cash framework established under the Financial Services and Markets Act 2023 in securing the long term future of banking hubs; and whether the Government plans to review its policy statement on access to cash.

The Government is committed to maintaining the viability of cash as a payment method for those who choose to use it. The Financial Conduct Authority (FCA) has responsibility and powers to seek to ensure reasonable provision of access to cash withdrawal and deposit facilities.

The cash access policy statement, to which the FCA must have regard to when setting its rules, notes that the FCA should seek to ensure that at least 95% of people are within 1 mile of a cash access facility in urban areas and within 3 miles for rural areas. The latest data from the FCA shows it is meeting those distances. The FCA has committed to carry out a formal evaluation of its access to cash regime in due course.

The Government also understands the importance of banking services to communities and high streets and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. The Government has also commissioned an independent Review into Access to Banking Services, to assess whether changes in access to in-person banking services are causing consumer detriment and the scale of any detriment. The Government intends to use the Financial Services and Markets Bill to introduce a power to allow action to be taken in future to protect access to banking services, should the evidence support intervention.

Lucy Rigby
Economic Secretary (HM Treasury)
19th Oct 2026
To ask the Chancellor of the Exchequer, whether future increase in the Machine Games Duty will apply to non-profit venues, like Royal Legion social clubs.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of temporarily reducing VAT on domestic heating oil and liquified petroleum gas to support West Berkshire households off the gas grid with the cost of heating their homes.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, whether he plans to remove VAT on domestic gas.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, how much revenue was raised from the application of VAT to private school fees in the 2025-26 financial year; and what assessment he has made of that figure relative to the revenue projections published by the Office for Budget Responsibility alongside the Autumn Budget 2024.

The measure introducing VAT on private schools was estimated to raise £460 million in 2024-25 and £1,505 million in 2025-26. HMRC does not publish outturn VAT receipts relating to specific policy changes. The modelling of the Exchequer impact has, however, been updated in the light of further data. The Office for Budget Responsibility revised up the estimate of the revenue by an average of £40 million per year for their Autumn 2025 Economic and Fiscal Outlook, and stated that they will continue to monitor trends in the data. Any further updates will be published in the usual way.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, what assessment HMRC has made of the cost-effectiveness of issuing postal reminders to companies to file Company Tax Returns for a subsequent accounting period shortly after the filing deadline for the preceding accounting period.

As part of HMRC’s continuing efforts to balance cost-effectiveness with overall effectiveness of its functions, a trial is being carried out on the issuing of Corporation Tax reminders. The trial involves suppressing the first payment reminder and the combined return and payment reminder. HMRC will examine the effects on filing and payment rates, customer contact and debt levels before making a decision on the use of these reminders.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, what estimate his Department has made of the percentage of people who work from home that claim available tax reliefs for home working.

Tax relief for non-reimbursed homeworking expenses was withdrawn from 6 April 2026.

Employers may continue to reimburse qualifying additional homeworking expenses free of Income Tax and National Insurance contributions where the relevant conditions are met. As this is a tax exemption rather than a claim made to HMRC, information on the number of employees benefiting from such reimbursements is not collected.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, whether he has made a recent estimate of the tax lost from the hidden economy in Lincolnshire.

HMRC do not produce a breakdown of the hidden economy tax loss by region.

The overall hidden economy tax loss figure can be found in the tax gap statistics which are published annually and are available at: Measuring tax gaps 2026 edition: tax gap estimates for 2024 to 2025 - GOV.UK

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, whether his Department has considered varying Vehicle Excise Duty according to vehicle width; and whether he plans to commission an assessment of the potential impact of such a change on motorists.

Different Vehicle Excise Duty (VED) rates apply to cars, vans, heavy goods vehicles and motorcycles, and the rate for each vehicle is calculated according to a range of factors, such as its date of first registration, weight, or carbon dioxide (CO2) emissions.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

James Murray
Financial Secretary to the Treasury and Paymaster General
19th Oct 2026
To ask the Chancellor of the Exchequer, what assessment he has made of the extent to which the removal of VAT on domestic electricity will offset the increase in the energy price cap from 1 October 2026.

The energy price cap from 1 October 2026 is £45 less than it would have been without this VAT cut, giving people breathing space on their energy bills.

Around a third of households are on fixed tariffs and therefore will not be affected by the energy price cap rise. The government expects suppliers to pass on the VAT cut to these customers too, meaning they could be in line for their energy bills to fall overall.

James Murray
Financial Secretary to the Treasury and Paymaster General