Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of extending VAT exemption to counsellors, psychotherapists and CBT therapists who are on Professional Standards Authority-accredited registers.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Many services provided directly or supervised by registered health professionals are exempt from VAT, meaning no VAT is charged to the final consumer. This does not apply to professionals who do not have statutory registers, such as counsellors and psychotherapists.

The UK’s approach of linking VAT exemption to statutory registration provides a clear and objective criterion for defining ‘health professionals’ for VAT purposes, ensuring that VAT reliefs are tightly targeted. While the Government keeps all taxes under review, there are no current plans to introduce VAT exemptions for counsellors and psychotherapists without statutory registration.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 March 2026 to Question 116959 on Taxation: Overpayments, if she will publish the average processing time for HMRC overpayment relief claims in each of the last 12 months.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC does not produce an overall average processing time for overpayment relief claims. Processing times vary depending on the type of claim and the checks required to protect public funds.

However, HMRC recognises that payments to customers are important, therefore claims are processed as priority post. HMRC aims to process 80% of priority post received within 15 working days.

Customer correspondence performance is reported monthly and quarterly through HMRC’s published performance updates at: www.gov.uk/government/collections/hmrc-quarterly-performance-updates

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance HM Revenue and Customs provides to charities on the classification of educational activities for the purposes of VAT exemption.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC provides detailed guidance on how VAT applies to education on GOV.UK and in VAT Notice 701/30: Education and vocational training. This covers all aspects of the exemption, including services provided by charities.

Additional guidance is published when significant changes are made, such as the changes to the VAT treatment of private schools. The guidance can be found online here: https://www.gov.uk/guidance/vat-on-education-and-vocational-training-notice-70130

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue has been raised through the domestic VAT charge on heating oil and liquid petroleum gas since the outbreak conflict between the United States, Israel and Iran on 28 February 2026.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HM Revenue and Customs does not hold information on VAT revenue from specific products or services, including VAT on heating oil and liquid petroleum gas.

This is because businesses are not required to provide figures at a product level within their VAT returns, as this would impose an excessive administrative burden.

VAT is chargeable at the reduced rate of 5% on domestic fuel and power.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the use of generative AI tools by consumers for pension planning and investment decision-making; and what steps they are taking to ensure that appropriate consumer protections and regulatory safeguards are in place.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

HMT has recently appointed Harriet Rees and Rohit Dhawan as Financial Services AI Champions. They will focus on helping firms seize opportunities of AI while protecting consumers and ensuring financial stability.

In recognition of growing consumer interest in these tools, the Financial Conduct Authority (FCA) has published information for consumers on using AI for investment research. This sets out the pros and cons of such tools, including the risk of incorrect or out-of-date information, and makes clear that advice from general purpose AI tools is not regulated and does not benefit from protections such as the Financial Services Compensation Scheme or the Financial Ombudsman Service.

The FCA also launched the Mills Review in January 2026 which will consider the implications of advanced AI on consumers, retail financial markets and regulators. The review will help the FCA support innovation while promoting the safe and trusted adoption of AI in retail financial services.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of freezing fuel duty again in September 2026, in the context of volatility in global oil prices.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27. The 5p cut was introduced following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.

Since Budget 2024, the Government's decisions to freeze fuel duty will save the average motorist over £90 – or 8-11 pence per litre – compared to the plans inherited from the previous government.

As the Chancellor has set out, a rapid de-escalation in the Middle East remains the best way to keep prices low at the pump, but the Government will also take the necessary decisions to help families with the cost of living and protect the public finances.

As with all taxes, the Government keeps fuel duty under review; and any changes will be announced in the usual way.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Valuation Office Agency document entitled, Valuation of public houses, published on 10 March 2026, if she will publish the guidance for the valuation of public houses used for the 2026 Rating List.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The 2026 Rating List comes into effect on 1 April 2026, and the Valuation Office Agency plans to publish valuation guidance including for the valuation of public houses on or around this date.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to review the Video Games Expenditure Credit to support smaller video game studios.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises the importance of the creative industries, including the key role they play in driving economic growth, and the video games sector is specifically supported through the tax system and through funding.

Video games companies benefit from the Video Games Expenditure Credit (VGEC), which provides a generous tax credit of 34 per cent on UK video games development costs. In 2023-24, £327 million of Corporation Tax was relieved through video game tax relief.

VGEC makes no distinction between large and small game studios. Any video game production company can qualify as long as it meets the eligibility criteria. The Department for Culture, Media and Sport has committed to a new £30 million Games Growth Package over three years to back the next generation of start‑up games studios and talent, and drive inward investment in the sector.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of including household Liquid Petroleum Gas (LPG) data in the methodology used to allocate support funding to each UK nation for heating oil and LPG‑heated properties announced on 16 March 2026.

Answered by James Murray - Chief Secretary to the Treasury

The government has acted quickly to provide timely, targeted support to those households struggling with the rising price of heating oil.

In England, Crisis Payments can be provided by local authorities to support the purchase of any form of fuel that is used for domestic heating, cooking or lighting.

In Scotland, Wales and Northern Ireland, it is for the relevant devolved government to deliver support as they see fit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Office for Budget Responsibility’s Economic and Fiscal Outlook published in March 2026, what the forecast level of public sector net debt as a proportion of GDP will be in each year of the forecast period; what the reasons are for the projected increase in debt; and what steps she is taking to reduce public debt.

Answered by James Murray - Chief Secretary to the Treasury

This data is available at Table A.9: Fiscal aggregates in the March 2026 Economic and Fiscal Outlook published by the Office for Budget Responsibility (OBR).

The government’s fiscal plan brings down borrowing and debt, keeps the public finances on a sustainable path and supports the Bank of England to bring down inflation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to review the apprenticeship levy threshold in light of changes that increase costs for small levy-paying employers.

Answered by James Murray - Chief Secretary to the Treasury

The Apprenticeship Levy was introduced in 2017 and is only paid by large employers with a total annual pay bill of over £3 million.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the VAT registration threshold on small charities that generate income through educational public engagement activities.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This means the majority of UK businesses are not in the VAT system at all.

VAT is a broad-based tax on consumption. Once an organisation’s taxable turnover exceeds £90,000, it is required to register for VAT, and VAT-registered organisations can generally reclaim the VAT they incur on their business costs.

The Government takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution. Our tax regime for charities, including Gift Aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of fiscal drag on the number of charities expected to become liable for VAT registration over the next five years.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This means the majority of UK businesses are not in the VAT system at all.

VAT is a broad-based tax on consumption. Once an organisation’s taxable turnover exceeds £90,000, it is required to register for VAT, and VAT-registered organisations can generally reclaim the VAT they incur on their business costs.

The Government takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution. Our tax regime for charities, including Gift Aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason Northern Ireland has been allocated £17 million of the £53 million home heating oil support package announced on 16 March 2026; and if she will publish the methodology used to determine that figure.

Answered by James Murray - Chief Secretary to the Treasury

The government has acted quickly to provide timely, targeted support to low-income households struggling with the rising price of heating oils, based on the latest census data.

This means the funding is distributed in line with where the most vulnerable oil-heated homes are concentrated. It is for the Northern Ireland Executive to allocate the funding in Northern Ireland as they see fit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what consultations were had with the (a) fuel distribution industry and the (b) Welsh government on the development of the support package for households in Wales using heating oil and Liquid Petroleum gas as heating methods announced on 16 March 2026.

Answered by James Murray - Chief Secretary to the Treasury

The government has acted quickly to provide timely, targeted support for those households struggling with the rising price of heating oil.

Officials from the Department for Energy Security and Net Zero have coordinated closely with industry since the conflict in the Middle East began, and continue to do so.

I have discussed this support with all devolved government Finance Ministers. In Scotland, Wales and Northern Ireland, it is for the relevant devolved government to deliver support as they see fit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Office for Budget Responsibility’s Economic and Fiscal Outlook published in March 2026, what estimate she has made of the forecast increase in welfare spending over the forecast period; what the projected level of welfare expenditure will be in each financial year to 2030-31; what proportion of that spending is forecast to be allocated to working-age benefits, disability benefits and pensioner benefits; and whether she is taking steps to control projected growth in welfare spending.

Answered by James Murray - Chief Secretary to the Treasury

Forecasts for welfare spending are the responsibility of the Office for Budget Responsibility.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what methodology was used to determine the distribution of funding of the Heating Oil Support Scheme between the four nations.

Answered by James Murray - Chief Secretary to the Treasury

The government has acted quickly to provide timely, targeted support to low-income households struggling with the rising price of heating oils, based on the latest census data.

This means the funding is distributed in line where the most vulnerable oil-heated homes are concentrated.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will consider the potential merits of excluding hybrids cars from the Vehicle Excise Duty Expensive Car Supplement (a) after three years from the date of first registration and (b) when their resale value falls below £28,000.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The ECS applies to new petrol/diesel and hybrid cars with a list price of £40,000 or more, while as announced at Budget 2025, from 1 April 2026 the ECS will apply to new zero-emission cars with a list price of £50,000 or more which are first registered on or after 1 April 2025. The additional charge was introduced so that those who can afford to access the most expensive cars make a fair contribution.

The Government continues to view the Expensive Car Supplement (ECS) as a suitable way of distinguishing the more luxury end of the new car market. Although average list prices of cars have increased since the ECS was introduced, nearly two-thirds of petrol, diesel and hybrid vehicles still fall below the £40,000 threshold.

The Government annually reviews the rates and thresholds of taxes and reliefs, including Vehicle Excise Duty and the ECS, to ensure that they are appropriate and reflect the current state of the economy.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of the exclusion of refined products from the Carbon Border Adjustment Mechanism from January 2028; and what estimate she has made of the potential impact on the UK economy were refined products to be included in the mechanism.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The government recognises the role that refineries play in energy security and the UK’s industrial base. The Government published a call for evidence (https://www.gov.uk/government/calls-for-evidence/future-of-the-uk-downstream-oil-sector/future-of-the-uk-downstream-oil-sector-call-for-evidence) on the future of the fuel sector on 23^rd February 2026 in order to help understand the current state of the refining sector.

Following a strategic and technical assessment by HMG, it has been decided not to expand the Carbon Border Adjustment Mechanism (CBAM) to refined oil products in January 2028. Assessing the case for and feasibility of including refined oil products within the Carbon Border Adjustment Mechanism at a later date is a priority. We are continuing to work with the sector to assess the options.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to include refined products in the Carbon Border Adjustment Mechanism at a future date; and if she will take measures to support the fuels sector whilst it is excluded from a Carbon Border Adjustment Mechanism.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The government recognises the role that refineries play in energy security and the UK’s industrial base. The Government published a call for evidence (https://www.gov.uk/government/calls-for-evidence/future-of-the-uk-downstream-oil-sector/future-of-the-uk-downstream-oil-sector-call-for-evidence) on the future of the fuel sector on 23^rd February 2026 in order to help understand the current state of the refining sector.

Following a strategic and technical assessment by HMG, it has been decided not to expand the Carbon Border Adjustment Mechanism (CBAM) to refined oil products in January 2028. Assessing the case for and feasibility of including refined oil products within the Carbon Border Adjustment Mechanism at a later date is a priority. We are continuing to work with the sector to assess the options.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the proposal for unused pension funds and death benefits to be subject to Inheritance Tax on beneficiaries; and if she will make it her policy to cap the level of Inheritance Tax paid on such funds and benefits.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Most unused pension funds and death benefits payable from a pension will form part of a person’s estate for inheritance tax purposes from 6 April 2027. This removes distortions resulting from changes that have been made to pensions tax policy over the last decade, which have led to pensions being openly used and marketed as a tax planning vehicle to transfer wealth, rather than as a way to fund retirement. These reforms also remove inconsistencies in the inheritance tax treatment of different types of pensions.

The Government has published a tax information and impact note, which is available at www.gov.uk/government/publications/inheritance-tax-unused-pension-funds-and-death-benefits/inheritance-tax-unused-pension-funds-and-death-benefits.

The legislation for this reform is included in Finance Act 2026. A cap on the level of inheritance tax related to unused pension funds and death benefits payable from a pension would be inconsistent with the policy objective and reduce the revenue to help fund public services. More than 90 per cent of UK estates will continue to have no inheritance tax liability in 2030-31 following these changes and the reforms will only affect a minority of those with inheritable pension wealth.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has had discussions with the Bank of England on the potential impact of the removal of historic British figures from the new series of banknotes on British national identity.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Bank of England is entirely responsible for the design, production, issue and distribution of banknotes. HM Treasury has not discussed the change of design with the Bank of England.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of further income tax power devolution to Wales following her announcement on 17 March 2026 to pursue devolution of income tax powers in England.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Chancellor announced on 17^th March that she will set out a roadmap at Budget for giving English regional leaders a share of some national taxes. This will include looking at income tax, alongside other taxes. It is not about new taxes or higher tax rates.

The Welsh Senedd already has significant income tax powers. This was the product of a lengthy process of debate and development, including the Silk Commission’s first report, the Wales Act 2014, and the Wales Act 2017. Consideration of any further income tax devolution would be a matter for discussion between the Welsh and UK Governments and be subject to consensus in Wales and the agreement of both the UK Parliament and the Senedd.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer what estimate her Department has made of the administrative cost of processing and submitting VAT returns to to businesses with a turnover under £250,000.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC does not estimate the administrative cost to businesses with a turnover below £250,000 for processing and submitting VAT returns, as the cost can vary between businesses, regardless of their turnover. Administrative costs are largely dependent on their individual business processes and the nature and complexity of their record keeping.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of VAT rules on the accessibility and affordability of services provided by CBT psychotherapists, counsellors and other health professionals on PSA Accredited Registers.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Many services provided directly or supervised by registered health professionals are exempt from VAT, meaning no VAT is charged to the final consumer. This does not apply to professionals who do not have statutory registers, such as counsellors and psychotherapists.

The UK’s approach of linking VAT exemption to statutory registration provides a clear and objective criterion for defining ‘health professionals’ for VAT purposes, ensuring that VAT reliefs are tightly targeted. While the Government keeps all taxes under review, there are no current plans to introduce VAT exemptions for counsellors and psychotherapists without statutory registration.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the contribution of fintech lending platforms to improving access to working capital for small and medium-sized enterprises.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The UK is a world leader in Fintech, and attracted $3.6 billion of investment in 2025, second only to the US. The Government is committed to making the UK the world’s most technologically advanced global financial centre, and remaining a leading jurisdiction for fintech firms to start-up, scale and list.

Fintechs and specialist banks are an essential part of the UK's credit landscape, including access to working capital. The share of total nominal gross bank lending to SMEs by challenger and specialist banks in 2024 was 60 per cent.

Business models and financial technology have also evolved substantially, with more competition both for business banking and credit provision, increasing the options available to small and medium-sized enterprises to invest in and grow their businesses.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the implications for employment law, taxation and consumer protection of workers being paid in stablecoins or other digital assets.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Income Tax, National Insurance Contributions and PAYE rules for non-money earnings apply to stablecoins and other cryptoassets in the same way as other assets. HMRC has set out guidance explaining how tax rules apply to employment earnings in the form of cryptoassets.

As the market for cryptoassets evolves, the Government will continue to keep the tax framework under review.

The Government has also introduced a new financial services regulatory regime for cryptoassets which will raise standards, strengthen consumer protection, and address market abuse.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the level of competition within the UK’s retail payments market, particularly in relation to international card schemes; and what steps they are taking to support the development of competitive domestic payment infrastructure.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The UK has a diverse and competitive retail payments ecosystem, with a significant number of entrants into the sector in recent years.

The UK nonetheless remains a heavily card-based market. The Government recognises that greater choice in how to make and receive payments is likely to increase innovation and downward competitive pressure on the cost of payments.

In the National Payments Vision the government set out its ambition for account-to-account payments to be developed as a ubiquitous payment method – enabling consumers to pay digitally for goods and services in shops and online, without using a card. A new Retail Payments Infrastructure Board, chaired by the Bank of England and with representation from across the payments ecosystem, is currently working to design the UK’s future retail payments infrastructure in line with the government’s vision.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the reasons for the customs delays affecting the export consignments from Magload Ltd with (a) DHL tracking number 6480575743 and (b) UPS tracking number 1ZE461190495384661; and whether she plans to take steps to ensure these consignments are reviewed and processed.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Information relating to identifiable taxpayers is protected by taxpayer confidentiality under the Commissioners for Revenue and Customs Act 2005, and HMRC is therefore unable to disclose it. HMRC does not provide specific details regarding checks as to do so could undermine compliance activity.

HMRC takes a risk-based and intelligence-led approach to customs enforcement. HMRC understands the importance of consumers receiving their consignments on time and has robust procedures alongside Border Force to help maintain the flow, whilst ensuring risks are managed.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether HMRC has identified any outstanding documentation, compliance concerns, or risk‑based triggers relating to the export consignments from Magload Ltd with (a) DHL tracking number 6480575743 and (b) UPS tracking number 1ZE461190495384661.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Information relating to identifiable taxpayers is protected by taxpayer confidentiality under the Commissioners for Revenue and Customs Act 2005, and HMRC is therefore unable to disclose it. HMRC does not provide specific details regarding checks as to do so could undermine compliance activity.

HMRC takes a risk-based and intelligence-led approach to customs enforcement. HMRC understands the importance of consumers receiving their consignments on time and has robust procedures alongside Border Force to help maintain the flow, whilst ensuring risks are managed.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the level of international competitiveness of the Video Games Expenditure Credit; and what assessment she has made of the potential merits of increasing the (a) tax credit and (b) cap of total core expenditure to 100%.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises the importance of the creative industries, including the contribution made by the UK’s video games sector to growth and innovation. We support the sector through the tax system and through funding, and this is a very competitive offer internationally.

Video games companies benefit from the Video Games Expenditure Credit (VGEC), which provides a generous tax credit of 34 per cent on UK video games development costs. Some countries offering higher refundable rates but with tighter caps or narrower qualifying expenditure, while the UK’s approach provides a predictable and scalable form of support across a broad base of development costs.

Tax support sits alongside the Department for Culture, Media and Sport’s new £30 million Games Growth package, designed to back the next generation of start‑up studios and talent and attract further inward investment.

The Government keeps the whole tax system under review to ensure it remains effective, targeted and delivers value for money.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to monitor the proposed involvement of UK listed firms in a takeover of Eurasian Resources Group to ensure no benefit to sanctioned Russian entities.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Russia regulations prohibit the making available of funds or economic resources to a designated person without a licence. They also prohibit the provision of certain services to designated persons and persons connected with Russia.

UK financial sanctions apply to all persons within the territory and territorial sea of the UK and to all UK persons, wherever they are in the world.

OFSI assesses every instance of reported non-compliance and takes action in all cases where we conclude a breach has occurred.

For serious breaches, OFSI may impose a civil monetary penalty. OFSI may also refer suspected criminal activities to law enforcement partners for investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 20 February 2026 to Question 111691 on Valuation Office Agency: Conference, what the cost was of Valuation Office Agency attendance at each of those international conferences.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The VOA attends a small number of overseas conferences which are an important part of sharing expertise, innovation and best practice.

The cost of Valuation Office Agency attendance at the five international conferences is set out in the table below. This includes the cost of tickets, flights, accommodation and other travel expenses.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the proposed reforms on consumers in Buckingham and Bletchley constituency.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

On Monday 16 March, the government published a response to its consultation on reforming the Financial Ombudsman Service (FOS), confirming that the government will legislate to stop the FOS acting as a quasi-regulator and provide greater coherence with the Financial Conduct Authority (FCA).

The reforms will return the FOS to its original role as a simple, impartial dispute resolution service which will enable it to focus on its core purpose of dealing with individual complaints against financial services firms quickly and effectively. The introduction of an absolute time limit and changes to the handling of mass redress events will reduce the number of cases the FOS considers and ensure that complex cross-cutting or historic issues are dealt with appropriately. Together, these reforms should improve complaint resolution times for cases handled by the FOS.

The reforms will benefit both consumers and firms by improving the consistency and predictability of FOS determinations and providing greater certainty for consumers and financial services firms.

This is expected to particularly support small financial services firms who have complaints against them referred to the FOS. The new thematic reports being introduced will make it easier for firms to draw relevant lessons from FOS determinations, which should support improved complaint handling and result in fewer complaints being referred to the FOS. And the new absolute time limit from bringing complaints to the FOS will benefit by being better able to assess potential historic liabilities. Some smaller financial services firms may also be eligible to bring complaints to the FOS themselves, and would also benefit as a complainant.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed reforms to the Financial Ombudsman Service on small financial firms.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

On Monday 16 March, the government published a response to its consultation on reforming the Financial Ombudsman Service (FOS), confirming that the government will legislate to stop the FOS acting as a quasi-regulator and provide greater coherence with the Financial Conduct Authority (FCA).

The reforms will return the FOS to its original role as a simple, impartial dispute resolution service which will enable it to focus on its core purpose of dealing with individual complaints against financial services firms quickly and effectively. The introduction of an absolute time limit and changes to the handling of mass redress events will reduce the number of cases the FOS considers and ensure that complex cross-cutting or historic issues are dealt with appropriately. Together, these reforms should improve complaint resolution times for cases handled by the FOS.

The reforms will benefit both consumers and firms by improving the consistency and predictability of FOS determinations and providing greater certainty for consumers and financial services firms.

This is expected to particularly support small financial services firms who have complaints against them referred to the FOS. The new thematic reports being introduced will make it easier for firms to draw relevant lessons from FOS determinations, which should support improved complaint handling and result in fewer complaints being referred to the FOS. And the new absolute time limit from bringing complaints to the FOS will benefit by being better able to assess potential historic liabilities. Some smaller financial services firms may also be eligible to bring complaints to the FOS themselves, and would also benefit as a complainant.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has assessed the potential merits of public equity investment in frontier artificial intelligence companies in encouraging those firms to list or dual-list on UK capital markets.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The British Business Bank’s Five Year Strategic Plan, published in November 2025, sets a clear focus on improving access to finance for smaller and high-growth businesses, helping crowd in private capital and ensuring more UK companies can reach scale and ultimately access public markets. A strong early‑stage and scale‑up ecosystem is essential to the long‑term depth and competitiveness of the UK’s public equity markets.

In 2025, the Government increased the British Business Bank’s financial capacity to £25.6 billion, marking a major step change in its ability to support UK businesses to start and scale.

The Government have also delivered an ambitious set of reforms to boost the UK’s capital markets and make it easier to IPO in the UK through an ambitious modernisation of the UK’s listings rules. Taken together, these reforms make it easier to start, scale and list in the UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the National Wealth Fund will allocate funding to affordable housing.

Answered by James Murray - Chief Secretary to the Treasury

The National Housing Bank is the public financial institution focused on homebuilding.

The National Housing Bank will work with other Public Financial Institutions, including the National Wealth Fund, to support its objectives.

The government has published a guide to the Public Financial Institutions here: https://www.gov.uk/government/publications/an-introduction-to-the-uk-public-investment-landscape

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what was the total value of non-contractual severance payments across the civil service establishment in 2023, 2024 and 2025.

Answered by James Murray - Chief Secretary to the Treasury

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of including logistics transport infrastructure in the National Wealth Fund’s five-year strategic plan.

Answered by James Murray - Chief Secretary to the Treasury

Transport is one of the National Wealth Fund’s priority sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of the proposed reforms to the Financial Ombudsman Service on complaint resolution times.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

On Monday 16 March, the government published a response to its consultation on reforming the Financial Ombudsman Service (FOS), confirming that the government will legislate to stop the FOS acting as a quasi-regulator and provide greater coherence with the Financial Conduct Authority (FCA).

The reforms will return the FOS to its original role as a simple, impartial dispute resolution service which will enable it to focus on its core purpose of dealing with individual complaints against financial services firms quickly and effectively. The introduction of an absolute time limit and changes to the handling of mass redress events will reduce the number of cases the FOS considers and ensure that complex cross-cutting or historic issues are dealt with appropriately. Together, these reforms should improve complaint resolution times for cases handled by the FOS.

The reforms will benefit both consumers and firms by improving the consistency and predictability of FOS determinations and providing greater certainty for consumers and financial services firms.

This is expected to particularly support small financial services firms who have complaints against them referred to the FOS. The new thematic reports being introduced will make it easier for firms to draw relevant lessons from FOS determinations, which should support improved complaint handling and result in fewer complaints being referred to the FOS. And the new absolute time limit from bringing complaints to the FOS will benefit by being better able to assess potential historic liabilities. Some smaller financial services firms may also be eligible to bring complaints to the FOS themselves, and would also benefit as a complainant.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much her Department has spent on special severance payments in each of the last three years.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

As per HM Treasury’s Annual Report and Accounts (ARA), the department spent £41,770 on special severance payments in 2023/24 and £206,772 in 2024/25. The figures for 2025/26 are not yet finalised and will be published in the next ARA.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether sovereign-linked biodiversity and carbon certificates are an investable environmental asset class within the Green Financing Framework.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The UK Green Financing Framework, published in June 2021 and updated in November 2025, governs the UK Green Financing Programme. The Programme raises funds through the issuance of green gilts and NS&I’s retail Green Savings Bonds to finance public expenditure that can demonstrate a direct and positive climate or environmental impact.

The Framework defines the categories of expenditure that are eligible for green financing. Eligible expenditures are drawn from departments’ confirmed settlements through the Spending Review process and are assessed on the basis of their contribution to the government’s climate and wider environmental objectives.

The Framework governs the raising of financing for green public spending where biodiversity and credit certificates are not in scope.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 January 2026 to Question 109300 on Individual Savings Accounts, whether existing Lifetime ISA holders will be permitted to transfer their savings without penalty into the new product that will be offered in place of the Lifetime ISA.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

At Autumn Budget 2025, the Government announced that it will consult in early 2026 on introducing a new, simpler ISA product for first time buyers. The new ISA product will be offered in place of the Lifetime ISA.

The consultation will consider how existing Lifetime ISA holders should be treated, including any potential transitional arrangements or transfer options.

It will remain possible to open a Lifetime ISA until the new product becomes available and for account holders to continue to save into their Lifetime ISA in line with the existing rules indefinitely.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the absence of in-person banking services in (a) Yeovil constituency, (b) Somerset and (c) the United Kingdom on individuals with mental health conditions.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government recognises that access to in‑person banking services can be particularly important for some customers, including blind and partially sighted people, individuals with learning disabilities, and those with mental health conditions.

The Government is committed to maintaining high standards of financial inclusion across the financial services sector, including in the Yeovil constituency, Somerset and the United Kingdom as a whole.

Where banks make commercial decisions to reduce their branch network, they are required by the Financial Conduct Authority (FCA) to carefully consider the impact on customers’ everyday banking and cash access needs, including the needs of vulnerable customers, and to put appropriate alternative arrangements in place.

The Government understands the importance of banking services to communities and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Over 270 hubs have been announced so far, and more than 225 are already open. Banking hubs offer everyday counter services provided by Post Office staff, enabling people and businesses to withdraw and deposit cash, deposit cheques, pay bills and make balance enquiries. They also contain dedicated rooms where customers can see community bankers from their own bank to carry out wider banking services.

In addition, customers can access everyday banking services through the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check balances and pay bills at over 10,000 Post Office branches across the UK.

Some firms also provide additional in‑person access through services such as mobile banking vans or pop‑up locations in community venues, particularly in rural and remote areas.

Financial services provided by banks and building societies must comply with the FCA’s rules, which require firms to provide a prompt, efficient and fair service to all customers. The FCA’s Consumer Duty further requires firms to act in good faith, avoid foreseeable harm and support customers to pursue their financial objectives, including by ensuring that information and services are accessible. The FCA’s Handbook requires firms to identify particularly vulnerable customers, and to consider the needs of these customers appropriately. This includes blind and partially sighted people, individuals with learning disabilities, and those experiencing mental health difficulties.

Banks and building societies are also subject to the Equality Act 2010, which requires service providers to make reasonable adjustments so that disabled people can access services on an equal basis.

More broadly, the Government’s Financial Inclusion Strategy, published in November, sets out an ambitious programme of work to improve access to financial services for underserved groups across the UK. This includes a key focus on access to banking and digital inclusion, with interventions to make financial products and services more accessible, support in-person banking services, and make it easier for individuals to access a bank account.

The Government keeps the effectiveness of current arrangements under review through regular engagement with stakeholders to ensure they meet the needs of local communities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the absence of in-person banking services in (a) Yeovil constituency, (b) Somerset and (c) the United Kingdom on individuals with learning disabilities.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government recognises that access to in‑person banking services can be particularly important for some customers, including blind and partially sighted people, individuals with learning disabilities, and those with mental health conditions.

The Government is committed to maintaining high standards of financial inclusion across the financial services sector, including in the Yeovil constituency, Somerset and the United Kingdom as a whole.

Where banks make commercial decisions to reduce their branch network, they are required by the Financial Conduct Authority (FCA) to carefully consider the impact on customers’ everyday banking and cash access needs, including the needs of vulnerable customers, and to put appropriate alternative arrangements in place.

The Government understands the importance of banking services to communities and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Over 270 hubs have been announced so far, and more than 225 are already open. Banking hubs offer everyday counter services provided by Post Office staff, enabling people and businesses to withdraw and deposit cash, deposit cheques, pay bills and make balance enquiries. They also contain dedicated rooms where customers can see community bankers from their own bank to carry out wider banking services.

In addition, customers can access everyday banking services through the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check balances and pay bills at over 10,000 Post Office branches across the UK.

Some firms also provide additional in‑person access through services such as mobile banking vans or pop‑up locations in community venues, particularly in rural and remote areas.

Financial services provided by banks and building societies must comply with the FCA’s rules, which require firms to provide a prompt, efficient and fair service to all customers. The FCA’s Consumer Duty further requires firms to act in good faith, avoid foreseeable harm and support customers to pursue their financial objectives, including by ensuring that information and services are accessible. The FCA’s Handbook requires firms to identify particularly vulnerable customers, and to consider the needs of these customers appropriately. This includes blind and partially sighted people, individuals with learning disabilities, and those experiencing mental health difficulties.

Banks and building societies are also subject to the Equality Act 2010, which requires service providers to make reasonable adjustments so that disabled people can access services on an equal basis.

More broadly, the Government’s Financial Inclusion Strategy, published in November, sets out an ambitious programme of work to improve access to financial services for underserved groups across the UK. This includes a key focus on access to banking and digital inclusion, with interventions to make financial products and services more accessible, support in-person banking services, and make it easier for individuals to access a bank account.

The Government keeps the effectiveness of current arrangements under review through regular engagement with stakeholders to ensure they meet the needs of local communities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of a lack of in-person banking services in (a) Yeovil constituency, (b) Somerset and (c) the United Kingdom on (i) blind and (ii) partially sighted people.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government recognises that access to in‑person banking services can be particularly important for some customers, including blind and partially sighted people, individuals with learning disabilities, and those with mental health conditions.

The Government is committed to maintaining high standards of financial inclusion across the financial services sector, including in the Yeovil constituency, Somerset and the United Kingdom as a whole.

Where banks make commercial decisions to reduce their branch network, they are required by the Financial Conduct Authority (FCA) to carefully consider the impact on customers’ everyday banking and cash access needs, including the needs of vulnerable customers, and to put appropriate alternative arrangements in place.

The Government understands the importance of banking services to communities and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Over 270 hubs have been announced so far, and more than 225 are already open. Banking hubs offer everyday counter services provided by Post Office staff, enabling people and businesses to withdraw and deposit cash, deposit cheques, pay bills and make balance enquiries. They also contain dedicated rooms where customers can see community bankers from their own bank to carry out wider banking services.

In addition, customers can access everyday banking services through the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check balances and pay bills at over 10,000 Post Office branches across the UK.

Some firms also provide additional in‑person access through services such as mobile banking vans or pop‑up locations in community venues, particularly in rural and remote areas.

Financial services provided by banks and building societies must comply with the FCA’s rules, which require firms to provide a prompt, efficient and fair service to all customers. The FCA’s Consumer Duty further requires firms to act in good faith, avoid foreseeable harm and support customers to pursue their financial objectives, including by ensuring that information and services are accessible. The FCA’s Handbook requires firms to identify particularly vulnerable customers, and to consider the needs of these customers appropriately. This includes blind and partially sighted people, individuals with learning disabilities, and those experiencing mental health difficulties.

Banks and building societies are also subject to the Equality Act 2010, which requires service providers to make reasonable adjustments so that disabled people can access services on an equal basis.

More broadly, the Government’s Financial Inclusion Strategy, published in November, sets out an ambitious programme of work to improve access to financial services for underserved groups across the UK. This includes a key focus on access to banking and digital inclusion, with interventions to make financial products and services more accessible, support in-person banking services, and make it easier for individuals to access a bank account.

The Government keeps the effectiveness of current arrangements under review through regular engagement with stakeholders to ensure they meet the needs of local communities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment has she made of the impact of section 57 of the Finance Act 2012 on (a) investment costs for charities and (b) the ability of charities to access the low‑cost, tax‑efficient vehicles available to pension schemes.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises that generating investment returns can be important for supporting charitable purposes and that access to appropriate, cost effective investment vehicles is an important consideration for the sector. Charities are able to invest through a range of authorised UK fund structures designed to meet their needs, including Charity Authorised Investment Funds (CAIFs), which give a favourable tax treatment to eligible UK charities.

The Government has received representations in relation to the application of s57 of the Finance Act 2012 to charities. These are being considered through the normal policy processes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions she has had with the Secretary of State for Culture, Media and Sport on launching a full review of Gift Aid, including digital automation and linking donations to personal tax accounts.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC has worked collaboratively with a broad range of charity sector stakeholders and other government departments including DCMS to explore the potential of the Future of Gift Aid project and wider Gift Aid modernisation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of how the level of usability of the Gift Aid system affects donor behaviour, including for younger donors or other donors who may be digitally excluded.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC has worked collaboratively with a broad range of charity sector stakeholders and other government departments including DCMS to explore the potential of the Future of Gift Aid project and wider Gift Aid modernisation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for philanthropic giving of proposals to link charitable donations to individual bank accounts.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC has worked collaboratively with a broad range of charity sector stakeholders and other government departments including DCMS to explore the potential of the Future of Gift Aid project and wider Gift Aid modernisation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the Future of Gift Aid pilot, and what assessment has been made of its potential impact on the charity sector.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC has worked collaboratively with a broad range of charity sector stakeholders and other government departments including DCMS to explore the potential of the Future of Gift Aid project and wider Gift Aid modernisation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with the Secretary of State for Culture, Media and Sport on updating HMRC guidance and amending Group 15 of Schedule 8 to the Value Added Tax Act 1994 to not exclude social media advertising from the zero‑rating relief for charity advertising.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital public services including schools and hospitals.

Charities already benefit from a reduced (5%) or zero rate of tax when purchasing some goods and services. More information about VAT relief for charities can be found here: VAT for charities: What qualifies for VAT relief - GOV.UK. The Government has no plans to broaden this list of goods and services to include social media advertising, but takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution.

Our tax regime for charities, including gift aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the administrative burden to the Treasury of processing VAT receipts for Businesses with a turnover under £250,000.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC has not made an estimate of the administrative burden to the Treasury for processing VAT receipts for businesses with a turnover below £250,000. HMRC measures its overall operational costs across all taxes and does not hold this information at the level of granularity required to isolate costs attributable to businesses with a turnover under £250,000.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she has taken to review Groups 4 and 12 of Schedule 8 of the Value Added Tax Act 1994 to ensure disability VAT reliefs reflect modern assistive technology.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

We maintain a longstanding principle that reliefs should be targeted to balance support with fiscal sustainability. Modern consumer technologies, while helpful to disabled users, are also intended for use by those without impairments hence do not meet the statutory test of being designed solely for disabled people.

We recognise the vital role that assistive technologies can play in improving independence and quality of life. The government keeps all taxes under review as part of the policy making process and decisions on tax policy are taken by the Chancellor at a fiscal event.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the average time spent by businesses with turnover below £250,000 on VAT compliance, including preparing returns and maintaining records.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC does not estimate the administrative cost to businesses with a turnover below £250,000 for processing and submitting VAT returns, as the cost can vary between businesses, regardless of their turnover. Administrative costs are largely dependent on their individual business processes and the nature and complexity of their record keeping.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of VAT on social media advertising on the reach of charity campaigns aimed at vulnerable groups who predominantly consume information online.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital public services including schools and hospitals.

Charities already benefit from a reduced (5%) or zero rate of tax when purchasing some goods and services. More information about VAT relief for charities can be found here: VAT for charities: What qualifies for VAT relief - GOV.UK. The Government has no plans to broaden this list of goods and services to include social media advertising, but takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution.

Our tax regime for charities, including gift aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made about the level of financial burden placed on charities arising from having to pay VAT on targeted social media advertising.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital public services including schools and hospitals.

Charities already benefit from a reduced (5%) or zero rate of tax when purchasing some goods and services. More information about VAT relief for charities can be found here: VAT for charities: What qualifies for VAT relief - GOV.UK. The Government has no plans to broaden this list of goods and services to include social media advertising, but takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution.

Our tax regime for charities, including gift aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she is taking steps to update VAT guidance to recognise all social media advertising as qualifying for zero‑rated charity advertising.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital public services including schools and hospitals.

Charities already benefit from a reduced (5%) or zero rate of tax when purchasing some goods and services. More information about VAT relief for charities can be found here: VAT for charities: What qualifies for VAT relief - GOV.UK. The Government has no plans to broaden this list of goods and services to include social media advertising, but takes steps elsewhere in the tax system to ensure that charities receive treatment that takes account of their unique status and invaluable contribution.

Our tax regime for charities, including gift aid and an exemption from paying business rates, is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she has taken to simplify the evidence requirements for disability related zero rating.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the use of financial data by departments to support strategic decision-making and value-for-money assessments; and what steps they are taking to strengthen financial management capability in the public sector.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government routinely assesses how departments use financial information to support strategic decision-making and value for money. This includes scrutiny during Spending Reviews, regular engagement between HM Treasury and departments on budgets and forecasts, an End-of-Year assessment measuring financial performance, through departmental Annual Reports and Accounts, and through National Audit Office examinations, which provide independent assurance on the quality, transparency and use of financial data.

Departments routinely provide finance data to the HM Treasury OSCAR system, setting out their forecasts, budgets and spend to date. Departments report their forecast and actual efficiencies to HM Treasury. Accounting Officers of departments are responsible for value for money in the use of public funds, and in this they are supported by the guidance, budgeting and accounting framework provided by HM Treasury.

The Government is taking steps to strengthen financial management capability across the public sector through the Government Finance Function’s learning and development offer, which aims to build financial capability and develop a skilled and talented workforce. The Finance Function’s Government Finance Academy provides core learning offers which strengthen financial literacy across Government in key areas such as value for money, budgeting & forecasting, and provides professional training and development for finance professionals.

The Function also supports the development of talent pipelines and leadership capability across departments by building career frameworks and pathways that support progression. The Function connects some 9,000 finance professionals across government through its communities, networks and events, which further builds financial capability by providing opportunities for shared learning and fostering professional excellence.

The Government is modernising finance operations to support better decision‑making, including enhancing digital skills, promoting modern finance practices and encouraging the adoption of shared services and improved systems. Through common finance standards and data approaches the function enables departments to access high‑quality, reliable financial information, underpinning stronger financial management and improved value for money across government.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Chancellor and Energy Secretary meet with fuel bosses in No11 as government order crackdown on pump prices, published on 13 March 2026, what follow-up meetings with fuel retailers are planned following the Downing Street roundtable on pump prices.

Answered by James Murray - Chief Secretary to the Treasury

The roundtable was attended by representatives from the CMA, in their capacity as the regulator; relevant trade associations; and major petrol retailers and energy suppliers.

Government publishes a record of meetings in regular transparency releases. To ensure we continue to foster an open dialogue as the situation in the Middle East develops, we will not be publishing full minutes of the meeting.

The Chancellor has written to Sarah Cardell, Chief Executive of the CMA, expressing support for the CMA’s work to ensure customers are not affected by undue price rises, including for road fuel. Letter to the CMA on vigilance for unjustifiable price increases.

The CMA has a statutory monitoring function in the road fuel sector and has released a statement confirming their plans to step up monitoring of petrol and diesel prices. CMA steps up monitoring of petrol and diesel prices - GOV.UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Chancellor and Energy Secretary meet with fuel bosses in No11 as government order crackdown on pump prices, published on 13 March 2026, which companies and industry representatives attended the Downing Street meeting with fuel retailers and energy suppliers on 13 March 2026.

Answered by James Murray - Chief Secretary to the Treasury

The roundtable was attended by representatives from the CMA, in their capacity as the regulator; relevant trade associations; and major petrol retailers and energy suppliers.

Government publishes a record of meetings in regular transparency releases. To ensure we continue to foster an open dialogue as the situation in the Middle East develops, we will not be publishing full minutes of the meeting.

The Chancellor has written to Sarah Cardell, Chief Executive of the CMA, expressing support for the CMA’s work to ensure customers are not affected by undue price rises, including for road fuel. Letter to the CMA on vigilance for unjustifiable price increases.

The CMA has a statutory monitoring function in the road fuel sector and has released a statement confirming their plans to step up monitoring of petrol and diesel prices. CMA steps up monitoring of petrol and diesel prices - GOV.UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Chancellor and Energy Secretary meet with fuel bosses in No11 as government order crackdown on pump prices, published on 13 March 2026, whether (a) minutes and (b) a summary of the meeting held with fuel retailers in Downing Street on 13 March 2026 will be published.

Answered by James Murray - Chief Secretary to the Treasury

The roundtable was attended by representatives from the CMA, in their capacity as the regulator; relevant trade associations; and major petrol retailers and energy suppliers.

Government publishes a record of meetings in regular transparency releases. To ensure we continue to foster an open dialogue as the situation in the Middle East develops, we will not be publishing full minutes of the meeting.

The Chancellor has written to Sarah Cardell, Chief Executive of the CMA, expressing support for the CMA’s work to ensure customers are not affected by undue price rises, including for road fuel. Letter to the CMA on vigilance for unjustifiable price increases.

The CMA has a statutory monitoring function in the road fuel sector and has released a statement confirming their plans to step up monitoring of petrol and diesel prices. CMA steps up monitoring of petrol and diesel prices - GOV.UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Chancellor and Energy Secretary meet with fuel bosses in No11 as government order crackdown on pump prices, published on 13 March 2026, what representations she received from industry representatives regarding the costs they charge for fuel.

Answered by James Murray - Chief Secretary to the Treasury

The roundtable was attended by representatives from the CMA, in their capacity as the regulator; relevant trade associations; and major petrol retailers and energy suppliers.

Government publishes a record of meetings in regular transparency releases. To ensure we continue to foster an open dialogue as the situation in the Middle East develops, we will not be publishing full minutes of the meeting.

The Chancellor has written to Sarah Cardell, Chief Executive of the CMA, expressing support for the CMA’s work to ensure customers are not affected by undue price rises, including for road fuel. Letter to the CMA on vigilance for unjustifiable price increases.

The CMA has a statutory monitoring function in the road fuel sector and has released a statement confirming their plans to step up monitoring of petrol and diesel prices. CMA steps up monitoring of petrol and diesel prices - GOV.UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral statement made by the Chancellor of the Exchequer of 9 March 2026 on Middle East: Economic Update, Official Report, columns 43-45, whether there is a upper limit on the amount her Department can draw from the special reserve.

Answered by James Murray - Chief Secretary to the Treasury

Iran’s indiscriminate attacks are a threat to Britain, our allies and our partners in the region.

As she set out in the House on 9 March, the Chancellor has approved access for the Ministry of Defence to the special reserve to deploy additional capabilities in the Middle East. The net additional costs of operations will be funded by the Treasury.

We do not yet know how long the conflict will last or what further action will be required, but the Chancellor is being responsive in an uncertain world, and is protecting the public finances in the national interest.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral statement made by the Chancellor of the Exchequer of 9 March 2026 on Middle East: Economic Update, Official Report, columns 43-45, for how long will her Department be permitted to spend money allocated from the special reserve.

Answered by James Murray - Chief Secretary to the Treasury

Iran’s indiscriminate attacks are a threat to Britain, our allies and our partners in the region.

As she set out in the House on 9 March, the Chancellor has approved access for the Ministry of Defence to the special reserve to deploy additional capabilities in the Middle East. The net additional costs of operations will be funded by the Treasury.

We do not yet know how long the conflict will last or what further action will be required, but the Chancellor is being responsive in an uncertain world, and is protecting the public finances in the national interest.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 January 2026 to Question 106758 on Academies: Electric Vehicles, when the review on new electric vehicle salary sacrifice schemes for academy trusts will be completed.

Answered by James Murray - Chief Secretary to the Treasury

HM Treasury keeps public policy, including the use of salary sacrifice arrangements, under review.

Found: Budget movement The 2026 -27 budget increases by £251k, reflecting a change in how HM Treasury requires

Found: Before deciding whether it is satisfied, the Committee must consult HM Treasury and have regard for

Found: It was noted that the Chief Secretary’s advice was given on the basis as to how HM Treasury would treat

Found: Moved to RAME following HMT guidance 3.

Found: Approval This memorandum has been prepared according to the requirements and guidance set out by HM Treasury

Found: Response by HM Treasury to the Inheritance tax measures: unused pension funds and agricultural and business

Found: Under its DIGIT pilot, HM Treasury will be using a platform within the DSS to issue digitally native

Found: What discussions are taking place between DSIT, HM Treasury and UKRI in relation to the STFC funding

Found: HM Treasury shapes behaviour through vehicle taxation, incentives and capital support.

Found: No, Defra is an unprotected department and without financial commitment from HM Treasury there cannot

Found: As such, HM Treasury should play a role in 1 Chartered Institute of Environmental Health, Councils’

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Found:  DfT, DHCLG, DESNZ, HMT, exert substantial influence over the structural drivers of air pollution.

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Found: Zinc (where the threshold is 100 kg) 39.Defra seems unable to secure the funding and support from HM Treasury

Found: Research: Cybersecurity UIN 93076, 28 November 2025 9 National Energy System Operator (TNS0031) 10 HM Treasury

Found: HM Treasury should require public bodies to set out in their annual reports what they are doing to tackle

Found: Tse, Director, National Audit Office and Edward Pinney, Alternate Treasury Officer of Accounts, HM Treasury

Found: For the UK, this suggests that coherence between the Bank of England, the FCA, and HM Treasury will

Found: development of the future regulatory regime for cryptoassets.We would propose that regulators and HMT

Found: We recommend that the Department work closely with HM Treasury and the House of Commons Scrutiny Unit

Found: The Scotland Office will work with HM Treasury and the Department for Business and Trade to ensure

Found: DBT will continue to work closely with HM Treasury, and all funding decisions will be guided by strategic

Found: Minister for Investment Department for Business and Trade & HM Treasury

Found: Minister for Investment Department for Business and Trade & HM Treasury

Found: Minister for Investment Department for Business and Trade & HM Treasury

Found: Minister for Investment Department for Business and Trade & HM Treasury

Found: RICS is recognised as a Designated Professional Body by HM Treasury and the Financial Conduct Authority

Found: highlight in the Somewhere safe to turn briefing that neither the Child Poverty Strategy nor the HM Treasury-led

Found: highlight in the Somewhere safe to turn briefing that neither the Child Poverty Strategy nor the HM Treasury-led

Found: Letter from HM Treasury on Higher Education and Funding: Threat of Insolvency and International Students

Found: audit engagement is not underpinned by legislation but through the Accounts Direction issued by HM Treasury

Found: . ● R2 (MoD and HM Treasury): By 30 June 2026, agree an “Estimates Control Protocol” for large provisions

Found: intentions) was reaffirmed by the Public Administration and Constitutional Affairs Committee and HM Treasury

Found: Government’s response to the Independent Review of the Windsor Framework, 16 December 202, pp.15–16 76 HM Treasury

Found: HM Treasury, and HM Treasury Oral Evidence

Question to the Home Office:

To ask the Secretary of State for the Home Department, with reference to the Home Office guidance, Funding Instruction for Local Authorities: Asylum Grant 2025 - 2026, updated 23 April 2025, how many councils are participating in the LA-led asylum accommodation pilots.

Answered by Alex Norris - Minister of State (Home Office)

The Asylum Grant supports local authorities with a contribution to the costs and pressures of accommodating asylum seekers across all eligible accommodation types through a baseline payment of £1,200 per occupied bedspace and quarterly growth payments of £100 per net growth in newly occupied bedspaces. This grant started in 2021/22 and has been renewed yearly with the approval of HM Treasury. There is no unique link between this and local authority-led asylum accommodation pilots. No decisions have yet been made on which local authorities will participate in asylum accommodation pilots.

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what recent assessment her Department has made of the potential impact of artificial intelligence on employment in the next five years.

Answered by Kanishka Narayan - Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)

The Government recognises that AI is transforming workplaces, demanding new skills and augmenting existing roles. We have launched the AI and the Future of Work Unit - a cross‑government function dedicated to ensuring AI delivers positive outcomes for the economy, jobs, and workers. We are preparing for a range of possible futures to ensure this transformation boosts productivity and opportunities and the Government launched an assessment of AI impacts on the labour markets in January 2026.

To build a digitally skilled workforce to support long-term economic growth, drive innovation and expand individual opportunity we are supporting AI Skills Boost to upskill 10 million workers in AI skills by 2030. We have already delivered more than 1 million AI training courses have been delivered to workers across the UK.

Building on the Future of Work Unit, the Chancellor announced a new AI Economics Institute in her recent Mais Lecture. This joint HMT-DSIT institute will incorporate the FoW Unit, as part of a broader focus on the economics of AI, including labour market, productivity and other impacts.

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the freeze in Local Housing Allowance on levels of rough sleeping and homelessness in England.

Answered by Stephen Timms - Minister of State (Department for Work and Pensions)

The causes of rough sleeping and homelessness are multifaceted and are driven by a range of factors, both personal and structural.

Local Housing Allowance (LHA) rates are annually reviewed, usually in the Autumn. At Autumn budget 2025, the Secretary of State for Work and Pensions reviewed LHA and announced that rates would be maintained at their current levels for 2026/27. Rent levels across Great Britian were considered alongside other factors such as the challenging fiscal context and welfare priorities, including the removal of the two-child limit which will bring 450,000 children out of poverty.

DWP worked closely with the Ministry of Housing, Communities and Local Government on the National Plan to End Homelessness, which is driving sustainable change and addressing the root causes of homelessness and we continue working together with MHCLG and HMT to keep LHA rates under review.

Renters facing a shortfall in meeting their housing costs can apply for discretionary housing support from local authorities.

Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, whether any changes are being made to the requirements of Whitehall departments and their agencies to publish trade union facility time information in their annual report and accounts, and the broader collection of such data by departments.

Answered by Satvir Kaur - Parliamentary Secretary (Cabinet Office)

The current published HMT financial reporting manual (FReM) requires organisations in scope of FReM to report facility time data in their annual accounts. However, the FReM requirement is linked to the Trade Union (Facility Time Publication Requirements) Regulations 2017. These regulations were repealed on 18 February 2026, when the relevant provisions of the Employment Rights Act 2025 came into force.

Therefore, Whitehall departments and agencies do not need to report facility time in their accounts published following the repeal.

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, with reference to the oral statement made by the Chancellor of the Exchequer of 9 March 2026 on Middle East: Economic Update, Official Report, columns 43-45, whether the money allocated to his Department through the special reserve can only fund operations in the Middle East.

Answered by Luke Pollard - Minister of State (Ministry of Defence)

Funding from the Special Reserve is not limited to any single region. The Reserve exists to meet the net additional costs of National Security Council (NSC)‑approved operations, subject to HM Treasury agreement.

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, whether her Department requires the use of open‑source software, open standards or open interfaces as part of its oversight and approval of major IT procurement across Government.

Answered by Ian Murray - Minister of State (Department for Science, Innovation and Technology)

As of February 2025, the Department for Science, Innovation and Technology (DSIT), through its incorporation of the Government Digital Service (GDS), requires full consideration be given to the use of open standards and open-source software.

DSIT oversight and approval processes for major IT spend is governed by the requirements and guidance contained in several key GDS publications:

• Technology Code of Practice (TCoP): This is the primary set of criteria used for government digital and technology spend controls. It explicitly requires departments to "be open and use open source" and to build technology using open standards to ensure interoperability and avoid vendor lock-in.
• The Service Standard: Point 12 requires teams to "make new source code open" and available for reuse across government, while Point 13 mandates the use of and contribution to open standards and common components.
• Open Standards Principles: The government's open standards principles state that the standards must be used for software interoperability, data, and document formats unless a specific exemption is granted.

Oversight Mechanisms

• v.6 Government Digital and Technology Controls are in place until 31 March 2026: all unexempted digital and technology spend proposals that fall within scope, must obtain DSIT Digital spend control approval prior to committing spend.
• In scope spend for public-facing digital services is whole life cost above £100,000.
• In scope spend for all other technology is whole life cost above £1,000,000.
• To obtain spend approval, departmental assurers (and, according to risk, GDS) benchmark the spend proposal against the requirements and guidance contained with the three key publications cited at section 2 above.

From 1 April 2026 onwards, each department is accountable for applying all functional standards as set by DSIT, regarding Digital, Data and Technology spends. Functional assurance will only be conducted by DSIT where the spend exceeds the Department’s Delegated Authority Limit (DAL) set by HM Treasury.

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, how much his Department has spent on special severance payments in each of the last three years.

Answered by Louise Sandher-Jones - Parliamentary Under-Secretary (Ministry of Defence)

The Ministry of Defence (MOD) reports Special Severance Payments in its Annual Report and Accounts in accordance with HM Treasury and FREM requirements. For core MOD, the audited figures published in the Annual Report and Accounts are as follows (rounded to the nearest £1,000):

2022–23: £556,000 (14 cases)

2023–24: £1,074,000 (13 cases)

2024–25: £3,418,000 (40 cases)

In addition, the UK Hydrographic Office has reported two Special Severance Payments in 2025, totalling £80,000. UKHO data is not included in the MOD Annual Report and Accounts as UKHO publishes its own accounts separately.

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