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.
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …
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: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.
HM Treasury does not have Bills currently before Parliament
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.
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.
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.
A Bill to make provision in connection with finance.
This Bill received Royal Assent on 18th March 2026 and was enacted into law.
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.
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.
A Bill to make provision about secondary Class 1 contributions.
This Bill received Royal Assent on 3rd April 2025 and was enacted into law.
A Bill to make provision about finance.
This Bill received Royal Assent on 20th March 2025 and was enacted into law.
A Bill to amend the Crown Estate Act 1961.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
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.
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.
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.
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.
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).
Raise the income tax personal allowance from £12,570 to £20,000
Gov Responded - 20 Feb 2025 Debated on - 12 May 2025Raise 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.
Don't change inheritance tax relief for working farms
Gov Responded - 5 Dec 2024 Debated on - 10 Feb 2025We 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.
Introduce new tax code for state pensioners with double the personal allowance
Gov Responded - 9 Dec 2025We 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.
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.
Vaping Products Duty (VPD) will come into effect on 1 October 2026. As it has not yet come into force, no amount of VPD revenue has been spent to date.
The evidential basis is analysis conducted by the Ministry of Housing, Communities and Local Government (MHCLG) using property-level rateable value data from the Valuation Office, alongside local authority returns, as published in MHCLG’s National Non-Domestic Rates statistics.
The Government recognises it is vital to step up efforts to reunite young people with their unclaimed matured Child Trust Funds (CTFs), regardless of whether the account was opened by HMRC or by a parent. Around three million accounts have now matured, of which over three quarters of a million remain unclaimed. Recognising the scale of the challenge and building on existing steps, the Government has put in place three new initiatives.
Firstly, HMRC will be carrying out social research to better understand the barriers that may prevent young people from engaging with their CTF. This work will improve our understanding of how young people respond to communications about their accounts, and how Government and industry can encourage more account holders to act.
Secondly, HMRC will be writing directly to 21 year olds whose matured CTFs remain unclaimed. These letters will make young people aware that they have a CTF and encourage them to take steps to claim it.
Thirdly, Government has launched a dedicated CTF Taskforce, bringing together Government and CTF providers to improve tracing approaches and identify more effective ways to engage young people.
Information on CTFs is available in HMRC’s Annual Savings Statistics published on Gov.uk:
www.gov.uk/government/statistics/annual-savings-statistics-2025
We cannot provide the number or total value of matured CTFs that were opened by HMRC because the information required to identify these accounts is not included in the statistical returns that HMRC receives from providers.
The Government recognises that the Lifetime ISA (LISA) is not working for everyone and that its dual purpose of supporting both home ownership and retirement saving can create complexity for savers. The Government is therefore consulting on a new FTB ISA product, setting out options for a simpler product focused on supporting first-time buyers.
The Government is carefully considering responses to the FTB ISA consultation, including the fiscal impact of different design. Any decisions on the detailed design of the product, including matters affecting Exchequer costs, will be taken in the round and announced in the usual way.
The published FTB ISA consultation confirmed that until the new product is offered it will be possible to open a LISA. After the new product is introduced, it will not be possible to open a LISA, but existing LISA holders, including those currently using the LISA for retirement, will continue to be able to use their accounts in line with the existing rules. More information can be found here First Time Buyer ISA consultation - GOV.UK.
The Government recognises that the Lifetime ISA (LISA) is not working for everyone and that its dual purpose of supporting both home ownership and retirement saving can create complexity for savers. The Government is therefore consulting on a new FTB ISA product, setting out options for a simpler product focused on supporting first-time buyers.
The Government is carefully considering responses to the FTB ISA consultation, including the fiscal impact of different design. Any decisions on the detailed design of the product, including matters affecting Exchequer costs, will be taken in the round and announced in the usual way.
The published FTB ISA consultation confirmed that until the new product is offered it will be possible to open a LISA. After the new product is introduced, it will not be possible to open a LISA, but existing LISA holders, including those currently using the LISA for retirement, will continue to be able to use their accounts in line with the existing rules. More information can be found here First Time Buyer ISA consultation - GOV.UK.
The Government recognises that the Lifetime ISA (LISA) is not working for everyone and that its dual purpose of supporting both home ownership and retirement saving can create complexity for savers. The Government is therefore consulting on a new FTB ISA product, setting out options for a simpler product focused on supporting first-time buyers.
The Government is carefully considering responses to the FTB ISA consultation, including the fiscal impact of different design. Any decisions on the detailed design of the product, including matters affecting Exchequer costs, will be taken in the round and announced in the usual way.
The published FTB ISA consultation confirmed that until the new product is offered it will be possible to open a LISA. After the new product is introduced, it will not be possible to open a LISA, but existing LISA holders, including those currently using the LISA for retirement, will continue to be able to use their accounts in line with the existing rules. More information can be found here First Time Buyer ISA consultation - GOV.UK.
The Annual Tax on Enveloped Dwellings (ATED) applies to companies that own UK residential property worth more than £500,000. ATED is intended to tackle tax avoidance, ensuring those who 'envelope' residential properties, by owning or purchasing them through corporate structures without a commercial purpose, pay a fair share of tax.
The High Value Council Tax Surcharge (HVCTS) will apply to owners of residential properties in England worth £2 million or above. Some companies who are currently liable to pay ATED will be in scope of the HVCTS. The government sought views through consultation on a non-resident surcharge for HVCTS, a response will be published in due course.
I am accountable to Parliament for the overall strategic priorities, resourcing and performance of HMRC. As set out in the Commissioners for Revenue and Customs Act 2005, HMRC Commissioners are responsible for decisions regarding the deployment of Officers of Revenue and Customs.
An estimate of the number of appeals following the Council Tax revaluation in Wales was published in the Welsh Government’s Explanatory Memorandum of the Local Government Finance (Wales) Act 2024. It can be found on page 88 of the document on their website, here.
HMRC’s Valuation Office does not publish guidance on inspections or requests for information for Council Tax purposes. Each property is considered on a case-by-case basis to determine its Council Tax band. Additional information may be sought from the taxpayer in line with section 27 of the Local Government Finance Act 1992. An inspection may be carried out, though this is not usually required.
Places of Public Religious Worship are not valued for business rates. For Places of Public Religious Worship without a certificate, the Valuation Office consider the tests for Religious Exemption as outlined in the Valuation Office Rating Manual, here.
The only external contractor which worked on the development of the automated valuation model is referenced in the reply to UIN 5223.
Section 20 of the Local Government Finance (Wales) Act 2024 states that publication of the proposed valuation list will either be no later than the 1 September before the date on which the list is to be compiled in a revaluation year, or another date set out by Welsh Ministers in an order.
I refer the member to the answer given to Question UIN 106140 on 21 January 2026.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
At Mansion House 2025, the government published its Financial Services Growth and Competitiveness Strategy. This document sets out the government’s ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets as a core pillar of the strategy.
As part of this strategy, the government established a Listings Taskforce to support businesses to list and grow in the UK. HM Treasury continues to work in partnership with the Office for Investment, and industry, to ensure the UK attracts the best and brightest businesses from around the world, and right here in the UK, to list on UK markets.
Since 2025, more than £25.8bn of equity capital has been raised in London through follow-on issuances and IPOs.
Charitable rate relief provides up to 80% business rates relief to eligible properties. Local Authorities have powers to award further discretionary relief, including up to 100% relief. Charity shops operated by hospices benefit from the business rates reliefs available to charities, if they are eligible.
The Government recognises the important role hospices play in supporting people and families across the country. Charities will also continue to benefit from the Government’s £4.3 billion business rates support package announced at Budget 2025.
For more information on Charitable Rate relief, please see: Business rates relief: Charitable rate relief - GOV.UK
Charitable rate relief provides up to 80% business rates relief to eligible properties. Local Authorities have powers to award further discretionary relief, including up to 100% relief. Charity shops operated by hospices benefit from the business rates reliefs available to charities, if they are eligible.
The Government recognises the important role hospices play in supporting people and families across the country. Charities will also continue to benefit from the Government’s £4.3 billion business rates support package announced at Budget 2025.
For more information on Charitable Rate relief, please see: Business rates relief: Charitable rate relief - GOV.UK
Building societies play an important role in supporting home ownership and economic growth. Ministers and officials regularly engage with building societies and the wider mutuals sector to discuss their business, understand the barriers they face and consider opportunities to support their growth and better serve their members.
The Government is committed to creating the conditions that enable the sector to flourish. In December 2025, the Prudential Regulation Authority and Financial Conduct Authority published their joint Mutuals Landscape Report, which set out the sector’s regulatory framework and identified opportunities for growth-focused reform. As part of that initiative, the Prudential Regulation Authority removed the Building Societies Sourcebook, supporting a more proportionate regulatory framework for building societies.
In addition, the Government laid a statutory instrument before Parliament in July 2026 that would support the building society sector by reducing unnecessary administrative burdens and providing greater funding flexibility.
Building societies play an important role in supporting home ownership and economic growth. Ministers and officials regularly engage with building societies and the wider mutuals sector to discuss their business, understand the barriers they face and consider opportunities to support their growth and better serve their members.
The Government is committed to creating the conditions that enable the sector to flourish. In December 2025, the Prudential Regulation Authority and Financial Conduct Authority published their joint Mutuals Landscape Report, which set out the sector’s regulatory framework and identified opportunities for growth-focused reform. As part of that initiative, the Prudential Regulation Authority removed the Building Societies Sourcebook, supporting a more proportionate regulatory framework for building societies.
In addition, the Government laid a statutory instrument before Parliament in July 2026 that would support the building society sector by reducing unnecessary administrative burdens and providing greater funding flexibility.
Through the Government's financial services strategy and the Pension Schemes Act 2026, the Government is taking action to improve outcomes for pension savers, support growing British businesses and increase investment in the UK economy.
Ministers and officials regularly engage with pension schemes and the wider investment industry on a range of issues, including long-term investment opportunities in UK infrastructure.
Alongside the Pension Schemes Act, the Government is encouraging pension funds to diversify and invest in private markets. The Government strongly welcomes the Mansion House Accord, an industry-led commitment by major pension providers to invest 10 per cent of their default defined contribution funds in private markets by 2030, with at least half of that invested in the UK.
The Government is also helping facilitate more institutional investment into the UK economy. The expanded British Business Bank is helping to address market gaps and crowd in investment, and the National Wealth Fund is mobilising investment into sectors and infrastructure that support long-term economic growth.
The Government keeps the impact of its policies under review and is strengthening the information available on pensions, including through the Value for Money Framework and related data collection. Regulators and the Government continue to monitor risks in financial markets to ensure that financial stability is maintained.
Through the Government's financial services strategy and the Pension Schemes Act 2026, the Government is taking action to improve outcomes for pension savers, support growing British businesses and increase investment in the UK economy.
Ministers and officials regularly engage with pension schemes and the wider investment industry on a range of issues, including long-term investment opportunities in UK infrastructure.
Alongside the Pension Schemes Act, the Government is encouraging pension funds to diversify and invest in private markets. The Government strongly welcomes the Mansion House Accord, an industry-led commitment by major pension providers to invest 10 per cent of their default defined contribution funds in private markets by 2030, with at least half of that invested in the UK.
The Government is also helping facilitate more institutional investment into the UK economy. The expanded British Business Bank is helping to address market gaps and crowd in investment, and the National Wealth Fund is mobilising investment into sectors and infrastructure that support long-term economic growth.
The Government keeps the impact of its policies under review and is strengthening the information available on pensions, including through the Value for Money Framework and related data collection. Regulators and the Government continue to monitor risks in financial markets to ensure that financial stability is maintained.
Through the Government's financial services strategy and the Pension Schemes Act 2026, the Government is taking action to improve outcomes for pension savers, support growing British businesses and increase investment in the UK economy.
Ministers and officials regularly engage with pension schemes and the wider investment industry on a range of issues, including long-term investment opportunities in UK infrastructure.
Alongside the Pension Schemes Act, the Government is encouraging pension funds to diversify and invest in private markets. The Government strongly welcomes the Mansion House Accord, an industry-led commitment by major pension providers to invest 10 per cent of their default defined contribution funds in private markets by 2030, with at least half of that invested in the UK.
The Government is also helping facilitate more institutional investment into the UK economy. The expanded British Business Bank is helping to address market gaps and crowd in investment, and the National Wealth Fund is mobilising investment into sectors and infrastructure that support long-term economic growth.
The Government keeps the impact of its policies under review and is strengthening the information available on pensions, including through the Value for Money Framework and related data collection. Regulators and the Government continue to monitor risks in financial markets to ensure that financial stability is maintained.
Through the Government's financial services strategy and the Pension Schemes Act 2026, the Government is taking action to improve outcomes for pension savers, support growing British businesses and increase investment in the UK economy.
Ministers and officials regularly engage with pension schemes and the wider investment industry on a range of issues, including long-term investment opportunities in UK infrastructure.
Alongside the Pension Schemes Act, the Government is encouraging pension funds to diversify and invest in private markets. The Government strongly welcomes the Mansion House Accord, an industry-led commitment by major pension providers to invest 10 per cent of their default defined contribution funds in private markets by 2030, with at least half of that invested in the UK.
The Government is also helping facilitate more institutional investment into the UK economy. The expanded British Business Bank is helping to address market gaps and crowd in investment, and the National Wealth Fund is mobilising investment into sectors and infrastructure that support long-term economic growth.
The Government keeps the impact of its policies under review and is strengthening the information available on pensions, including through the Value for Money Framework and related data collection. Regulators and the Government continue to monitor risks in financial markets to ensure that financial stability is maintained.
The Government is committed to ensuring that people who need in-person banking can continue to access essential services.
That is why the Government commissioned an independent Review into Access to Banking Services, to assess whether changes to access to in-person banking services are causing consumer detriment, the scale of any detriment, and who and where it affects, including in rural, coastal, and market town communities.
Alongside the Review, the Financial Services and Markets Bill includes a power to allow the Government to take action in future to protect access to banking services, should this be necessary. This power ensures the Government can act swiftly and proportionately, including through future regulation, if the evidence from the Review supports intervention.
The Government is committed to ensuring that people who need in-person banking can continue to access essential services.
That is why the Government commissioned an independent Review into Access to Banking Services, to assess whether changes to access to in-person banking services are causing consumer detriment, the scale of any detriment, and who and where it affects, including in rural, coastal, and market town communities.
Alongside the Review, the Financial Services and Markets Bill includes a power to allow the Government to take action in future to protect access to banking services, should this be necessary. This power ensures the Government can act swiftly and proportionately, including through future regulation, if the evidence from the Review supports intervention.
The Government recognises the importance of cash, understanding that it continues to be used by millions of people across the UK, including charities, churches, voluntary organisations and community groups to support communities across the UK, and is committed to protecting access to cash for individuals and businesses.
The Financial Conduct Authority (FCA) assumed regulatory responsibility for access to cash in September 2024. Its rules ensure cash continues to be a viable method of payment for the millions of people who depend on it by providing reasonable access to cash withdrawal and deposit facilities for individuals and businesses, including free services for personal accounts.
In addition to access to cash, the Government is committed to ensuring that people who need in-person banking can continue to access essential services. That is why the Government commissioned an independent Review into Access to Banking Services, to assess whether changes to access to in-person banking services are causing consumer detriment and the scale of any detriment.
As part of this, the Review will consider existing forms of in-person banking provision, including those available in the Post Office. Under the Banking Framework, a commercial agreement with 30 banking firms, most personal and business customers can withdraw and deposit cash, check their balance, pay bills and cash cheques at over 10,000 Post Office branches across the UK, subject to each bank’s service arrangements.
Alongside the Review, the Financial Services and Markets Bill includes a power to allow the Government to take action in future to protect access to banking services, should this be necessary. This power ensures the Government can act swiftly and proportionately, including through future regulation, if the evidence from the Review supports intervention.
The government has worked with taxpayers, representative bodies and software developers to ensure Making Tax Digital (MTD) for Income Tax works well for businesses of all types and sizes.
MTD will help businesses and landlords keep on top of their tax affairs. It places small businesses on a more digital footing, with digital tools helping to reduce errors and making annual tax returns easier.
The government has worked with the software industry to ensure a wide range of options are available to suit different needs and budgets, including low-cost and free software, supporting those with the simplest affairs. Many products are designed for users who manage their own tax affairs or those new to digital tools.
The Government acknowledges the potential benefits of recognising compatible jurisdictions’ regulatory regimes, including promoting growth and competitiveness by supporting cross-border activity.
The Financial Services and Markets Bill will enable HM Treasury to establish bespoke Overseas Recognition Regimes, where doing so will benefit the UK. The Government will consider using these powers for digital assets, where appropriate, subject to an assessment of the compatibility of the relevant jurisdiction’s regulatory and supervisory framework.
The Government wants to ensure that the law governing co-operatives and community benefit societies supports their growth. That is why the Government is funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014. The review is considering ways to update and modernise the legislation, ensuring that it fits the nature and needs of these societies and that regulation is proportionate and effective. This includes consideration of whether shares may be issued with varying rights and to non-user investors.
Once published, the Government will carefully consider the Law Commission’s recommendations to understand whether reform is needed to support these businesses to grow and succeed in the future. The Government is committed to unlocking the full potential of the mutual and co-operative sector to support inclusive growth and we continue to engage regularly with the sector to address the barriers to the sector’s growth
The Government is committed to ensuring that people who need in-person banking can continue to access essential services.
That is why the Government commissioned an independent Review into Access to Banking Services, to assess whether changes to access to in-person banking services are causing consumer detriment and the scale of any detriment.
As part of this, the Review will consider existing forms of in-person banking provision. The Post Office provides banking services through over 10,000 branches via the Banking Framework agreement and, as such, the provision of services by the Post Office on behalf of banks will be considered as part of the Review.
The Access to Banking Services Review is being conducted on an independent basis. The Chair will provide a report and recommendations to the Government upon its conclusion, at which point the Government will consider any future actions.
The Government is committed to ensuring that people who need in-person banking can continue to access essential services.
That is why the Government commissioned an independent Review into Access to Banking Services, to assess whether changes to access to in-person banking services are causing consumer detriment and the scale of any detriment.
As part of this, the Review will consider existing forms of in-person banking provision. The Post Office provides banking services through over 10,000 branches via the Banking Framework agreement and, as such, the provision of services by the Post Office on behalf of banks will be considered as part of the Review.
The Access to Banking Services Review is being conducted on an independent basis. The Chair will provide a report and recommendations to the Government upon its conclusion, at which point the Government will consider any future actions.
The Government does not intend to change the existing, longstanding deadline of inheritance tax being due at the end of the sixth month after the date of death.
The Government recognises the general difficulties that some personal representatives may face in paying the inheritance tax due and HMRC already offers several payment options to help.
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy, and the impacts on individuals, businesses, and civil society organisations, as well as an overview of the equality impacts.
The Government recognises the significant challenges facing the social care system and is committed to transforming the sector and supporting the care workforce. The Government is making available around £4.6 billion of additional funding in 2028/29, compared to 2025/26, to support the sector to improve social care.
Buy-Now, Pay-Later (BNPL) products were brought into FCA regulation in July 2026 and providers are now subject to the FCA’s rules for consumer credit firms. The rules require firms to identify and support customers in financial difficulty, treat them with appropriate forbearance, regularly review the support provided, and refer borrowers to free, independent debt advice where appropriate.
Complaints relating to BNPL were not subject to complaints reporting requirements so reliable figures are not available. Going forward, the Financial Conduct Authority and the Financial Ombudsman Service will record data on complaints relating to BNPL products.
The government will continue to monitor the BNPL market closely, working with the FCA and industry.
Buy-Now, Pay-Later (BNPL) products were brought into FCA regulation in July 2026 and providers are now subject to the FCA’s rules for consumer credit firms. The rules require firms to identify and support customers in financial difficulty, treat them with appropriate forbearance, regularly review the support provided, and refer borrowers to free, independent debt advice where appropriate.
Complaints relating to BNPL were not subject to complaints reporting requirements so reliable figures are not available. Going forward, the Financial Conduct Authority and the Financial Ombudsman Service will record data on complaints relating to BNPL products.
The government will continue to monitor the BNPL market closely, working with the FCA and industry.
Buy-Now, Pay-Later (BNPL) products were brought into FCA regulation in July 2026 and providers are now subject to the FCA’s rules for consumer credit firms. The rules require firms to identify and support customers in financial difficulty, treat them with appropriate forbearance, regularly review the support provided, and refer borrowers to free, independent debt advice where appropriate.
Complaints relating to BNPL were not subject to complaints reporting requirements so reliable figures are not available. Going forward, the Financial Conduct Authority and the Financial Ombudsman Service will record data on complaints relating to BNPL products.
The government will continue to monitor the BNPL market closely, working with the FCA and industry.
100 percent of the reduction in the Official Development Assistance (ODA) budget will be spent on defence in all of the years referenced.
It is not for the Government to comment on the investment strategies of individual firms. These activities are undertaken within a regulatory framework that provides safeguards for both market integrity and investor protection.
Private equity managers in the UK are primarily regulated by the Financial Conduct Authority under the Alternative Investment Fund Managers Regulations (AIFMR). Private equity investment is also shaped by broader UK legislative and regulatory regimes, including the National Security and Investment Act, Competition and Markets Authority oversight, and the Takeover Code.
More broadly, UK public markets operate within a comprehensive regulatory framework overseen by the Financial Conduct Authority, including rules designed to protect investors and support confidence in UK capital markets.
This is a matter for the Financial Conduct Authority (FCA), which is an independent, non-governmental body. The FCA will respond to the hon. Member, and a copy of the letter will be placed in the Library of the House of Commons.
This is a matter for the Financial Conduct Authority (FCA), which is an independent, non-governmental body. The FCA will respond to the hon. Member, and a copy of the letter will be placed in the Library of the House of Commons.
At Spring Statement 2025 the Government took the decision to reduce the UK ODA budget to the equivalent of 0.3% of GNI by 2027 to fund a necessary increase in defence spending. Spending Review 2025 details departmental ODA budgets 2025/26 to 2028/29 that reflect this decision. The Government monitors future forecasts closely and will review and confirm, in accordance with the International Development (Official Development Assistance Target) Act 2015 whether a return to spending 0.7% of GNI on ODA is possible against the latest fiscal forecasts.