Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many apprentices her Department recruited in (a) 2025, (b) 2022, (c) 2023 and (d) 2024.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The number of apprentices has fallen for a number of reasons:

1. The Government has made several reforms to apprenticeships including the closing of the Civil Service Apprenticeship Unit and setting up Skills England, which has a renewed focus on skills gaps across the country.
2. In May 2025 the Government also announced Level 7 apprenticeships will continue to be Government-funded for young people aged 16-21, and under 25 for care leavers and those with an Education, Health and Care Plan (EHCP) at the start of their apprenticeship in England.
3. External recruitment campaigns have reduced significantly in 2025 as the department works to reduce staff numbers to meet Spending Review commitments. HM Treasury maintains dedication to apprenticeship as a key route into the department.

HM Treasury remains committed to apprenticeships as one pathway to break down barriers to opportunity. External recruitment campaigns for AO & EO grades are considered for a level 3 apprenticeship where appropriate.

As a result, the department has recruited the following number of apprentices:

2022 - 12

2023 - 4

2024 - 4

2025 – 0

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment she has made of the impact of inflation on low-income households.

Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)

The Government recognises inflation can place particular pressure on low-income households. Analysis from the Office for National Statistics shows that lower-income households spend a larger share of their income on essentials such as food, energy and housing.

The Government is committed to bearing down on inflationary pressures and cutting the cost of living.

Alongside this, the Government is going further to support those who need it most by removing the two-child limit in Universal Credit, increasing the National Living Wage, and committing to the pensions Triple Lock for the duration of this Parliament. The Government has also expanded the £150 Warm Home Discount to a total of 6 million lower-income households, and is expanding free school meals to children in households receiving Universal Credit in England.

Question to the HM Treasury:

To ask His Majesty's Government what their latest estimate is of the level of total business rate receipts to be raised in England in (1) 2025-26, (2) 2026-27, and (3) 2027-28; and what their working estimate is of the cost of the new Pubs and Live Music Venues Relief in each year of the 2026 revaluation cycle.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Details on business rates receipts for FY25/26, FY26/27and FY27/28 are set out in the OBR’s economic and fiscal outlook. Forecast receipts are £33.7bn, £37.1bn and £37.9bn respectively.

The further support for pubs and live music venues was scored at the Spring Statement. The impacts on total receipts in FY26/27, FY27/28 and FY28/29 are £94m, £138m and £204m respectively.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what criteria will be used to determine if a worker has met the six-month waiting period requirement under Article 8(4) of the Convention to prevent the use of back-to-back detachment periods.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

A new certificate of coverage can only be issued under Article 8(4) of the Convention if six months has elapsed from the end date of a worker’s previous detachment, as shown on the worker’s previous certificate. Where the period of validity of the previous certificate is less than six months, a new certificate may be issued once an equivalent period of time has elapsed. For example, if a worker's previous certificate was issued for a period of four months, they will need to wait for four months from the end date of that certificate until they may be issued with another certificate.

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, how much additional revenue would be raised from a one-penny increase in fuel duty per litre; and how much additional revenue will be raised from planned increases in fuel duty in each financial year from 2026-27.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to her Oral Statement on Youth Unemployment, whether her Department has considered the benefits of raising the VAT Threshold to remove the potential barriers to sole traders taking on more work and hiring apprentices.

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, reducing administrative burdens and supporting their growth.

The Government’s approach to the VAT registration threshold aims to balance the impacts on small businesses, including their growth and financial sustainability, with the needs of the wider economy and the public finances. Increasing the VAT registration threshold would come at a significant fiscal cost and reduce the revenue available for vital public services.

More than £1.5 billion is being made available over the Spending Review period for investment in employment and skills support. This includes £725 million for the Growth and Skills Levy, to help support apprenticeships for young people and fully fund SME apprenticeships for under-25s.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has considered changing the basis for determining Vehicle Excise Duty rates on motorcycles in line with other vehicles; and whether her Department plans to reduce Vehicle Excise Duty on motorcycles.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Vehicle Excise Duty (VED) is a tax on vehicles used or kept on public roads. Different rates apply to cars, vans and motorcycles, and the rate for each vehicle is calculated according to a range of factors, such as date of first registration, engine size, and CO2 emissions. VED for motorcycles is based on engine size.

Zero emission motorcycles now pay the lowest VED rate which applies to the smallest engine size of 150cc or less (currently £26, and increasing to £27 from 1 April 2026 in line with the Retail Price Index).

The government does not currently have any plans to reform the VED system for motorcycles.

The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential implications for her policies of changes in Montenegro's money laundering legislation.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government is committed to protecting the UK’s financial system and identifying risks to our system. The National Risk Assessment for money laundering and terrorist financing was published in July 2025 and assessed international risks the UK faces, including risks linked to the Western Balkan region.

The National Risk Assessment provides up-to-date risk information to enable the UK public and private sector to respond to evolving threats. The Government intends to develop a new public-private strategy focused on anti-money laundering and asset recovery in the coming months to respond to the risks identified.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the level of economic growth required to support long‑term defence spending commitments.

Answered by James Murray - Chief Secretary to the Treasury

This Government has announced a significant uplift in defence spending over the Spending Review period, paid for by a reduction to ODA. This uplift is underpinned by our non-negotiable fiscal rules; reducing borrowing whilst investing in defence to keep the UK and allies safe and thus providing the stability that underpins the plans to boost economic growth. Future years’ spending allocations will be considered at the next Spending Review in 2027, which will be underpinned by the independent Office for Budget Responsibility’s economic and fiscal forecasts.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to help ensure that banks do not apply blanket restrictions on providing banking services to legitimate blockchain and cryptoasset businesses.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government is aware that cryptoasset firms are facing challenges associated with access to banking services, and we are engaged with the sector on these matters.

Whilst the Government recognises that decisions around the provision of banking services are largely commercial in nature, we also expect businesses to be treated fairly. That is why the Government has already taken action in this space, including bringing forward legislation to enhance relevant protections in cases where a business has their bank account terminated by their provider.

The Government has also laid legislation to create a financial services regulatory regime for cryptoassets in the UK. Under this regime, firms will need to be licensed by the FCA to provide relevant cryptoasset services, and the Government would not expect such licensed firms to be subject to restrictions by banking services providers simply because of the sector they belong to.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 21 January 2026 to Question 105914 on Cryptocurrencies, whether the Tether cryptocurrency is audited by any UK body.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

HM Treasury is not privy to any information regarding Tether’s auditing arrangements.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 79 of the Budget Policy Costings 2025, published in November 2025, what assessment her Department has made of the potential impact of the reduction of the Cash ISA limit to £12,000 on revenues to the Exchequer, separate to the other measures included in that estimate.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

At Autumn Budget 2025, the Government announced that the annual ISA allowance will be kept at £20,000 with the cash ISA limit set at £12,000 from April 2027 for under-65s. This is part of the wider strategy aimed at supporting people to get into investing, including Targeted Support, which will be available from April 2026. In addition, financial services firms will provide new, easily navigable ways for people to find the right UK investment for them.

The Government is introducing an age carve out for those aged 65 and above in recognition that they may need more flexibility in how they manage their savings as they approach retirement. Savers over the age of 65 will continue to be able to save up to £20,000 in a cash ISA each year.

The Exchequer Impact for the Reduction of the Cash ISA limit to £12,000 for under-65s from April 2027 measure in isolation is:

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has considered (a) reviewing tax relief eligibility for childcare costs for freelancers in irregular employment sectors such as film and television and (b) enabling greater flexibility in the use of Government-funded childcare hours for (i) nannies and (ii) alternative provision outside standard nursery settings.

Answered by James Murray - Chief Secretary to the Treasury

It is our ambition that families have access to high-quality, affordable and flexible early education and care, improving opportunity for every child and work choices for every parent. This is key to the government’s Plan for Change, which starts with reaching the milestone of a record number of children being ready for school.

The government recognises that evidencing income can be more complex for self-employed individuals, particularly for those with variable or seasonal earnings. That is why self-employed parents are only expected to meet the minimum income requirement over the entire tax-year (and not quarterly as is the case for employees) to qualify for Tax-Free Childcare.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, further to 3/2026: Pubs and Live Music Venue Relief local authority guidance, whether race courses are still designated as retail, hospitality and leisure for the purposes of the RHL multiplier.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

I refer the member to the answer given to UIN 97815 on the 8 December 2025

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to help ensure that banks respond more rapidly to reported fraud by freezing suspected scam accounts immediately pending investigation.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime.

Financial institutions are required to maintain robust systems and controls to detect and prevent financial crime under the Money Laundering Regulations. Banks must report certain suspicious activity, including fraud, to the National Crime Agency under the Proceeds of Crime Act, and banks may already freeze or block accounts where suspicious activity is detected.
We introduced new rules allowing banks to delay and investigate suspicious payments for up to 72 hours. This supports interception of suspicious payments — complementing existing account‑freezing powers — by giving firms more time to prevent funds reaching fraudsters when complex cases are identified

As set out in the Fraud Strategy published on 9 March, we are now taking decisive additional action to reinforce the system‑wide response. The new Online Crime Centre will bring together law enforcement, intelligence agencies and private‑sector partners, including the financial services industry, to improve real‑time data sharing and analysis, helping firms spot suspected scam accounts sooner and act more quickly to freeze or restrict them where appropriate. Alongside this, we have launched a call for evidence on economic‑crime information sharing to remove barriers that currently prevent firms acting on intelligence earlier.

The Strategy also tasks the FCA with developing best‑practice guidance on preventing APP fraud and money‑mule activity, supporting firms to identify, investigate and close suspicious accounts more effectively, and improving protections for customers at risk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the potential economic benefits of increased investment in regional infrastructure projects.

Answered by James Murray - Chief Secretary to the Treasury

The 10 Year Infrastructure Strategy is core to delivering the government’s mission to boost living standards in every part of the UK, by funding at least £725 billion for infrastructure over the next decade. This is creating and connecting people to good jobs, supporting new housing and neighbourhoods, ensuring people can depend on vital public services and providing resilience in response to a changing world.

On Tuesday 17 March we announced new City Investment Funds which will provide up to £2.3 billion of new grant, loan, and patient capital funding, going directly into hands of mayors of the largest city regions in the North of England and the Midlands to deliver city densification at a local level, and to address viability gaps. City Investment Funds will bring together financing tools for five Mayoral Strategic Authorities in the North including West Yorkshire Combined Authority.

The government is also rolling out targeted local growth funding across the UK. Northern Ireland will receive a total of £45.5m per year of local growth funding over the next three years to invest in key growth priorities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to ensure consumers are protected from oil price increases.

Answered by James Murray - Chief Secretary to the Treasury

The government is engaging regularly with refiners, importers and distributors to ensure any emerging risks are identified and managed promptly. Households should be reassured the UK benefits from strong and diverse security of energy supplies, and there are no issues with fuel supply.

The government recognises the pressures facing households who rely on heating oil. This is why we are providing an additional £53 million of targeted support for those vulnerable households who would struggle to pay an upfront lump sum to top up their tanks in order to maintain their heating and hot water.

This funding has been allocated based on census data, reflecting where the greatest need is. Northern Ireland will receive £17.2 million, England £27 million, Scotland £4.6 million, and Wales £3.8 million.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions she has had with financial institutions on improving access to affordable credit for small businesses.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government is committed to ensuring that small businesses across the UK can access the finance they need to start, grow and thrive. Treasury ministers, including me in my capacity as Economic Secretary, regularly meet with both traditional and newer banks, and wider market actors across the financial services sector, to discuss a range of matters.

The chief focus of this Government is growth, and the financial services sector clearly has an important role to play in supporting the real economy. The UK benefits here from a diverse range of high-street banks, specialist lenders and fintechs, supported by Government policies such as Commercial Credit Data Sharing and British Business Bank programmes, for example the Growth Guarantee Scheme and Community ENABLE Funding. In the Spending Review last year, the Treasury gave the British Business Bank a significant uplift of £6.6 billion, increasing the Bank’s total financial capacity to £25.6 billion. This settlement represents a major expansion of the Bank’s ability to support SME finance, crowd in private investment, and deliver new programmes such as Industrial Strategy Growth Capital and expanded regional and sectoral funds.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions her Department has had with the Competition and Markets Authority on monitoring fuel prices during volatility in global oil markets.

Answered by James Murray - Chief Secretary to the Treasury

HM Treasury officials have discussed with the Competition and Markets Authority (CMA) the work they are doing to maintain a high level of vigilance for unjustifiable price increases across the economy, including for fuel prices. 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 Chancellor and DESNZ’s Secretary of State met with petrol retailers and the CMA on 13th March to discuss where further action can be taken on monitoring fuel prices and supporting the cost of living.

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 the Chancellor of the Exchequer, what assessment she has made of the potential impact of reducing the availability of the childcare wear and tear allowance on the (a) affordability of childcare for parents, (b) recruitment and retention of childminders and (c) sustainability of the childcare sector in Scotland.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Childminders make a significant contribution to children’s development, learning, and wellbeing. The Government has eased rules on working from schools and community centres and increased early years funding rates above 2023 average fees. These increases reflect increased costs, and from April 2026, local authorities must pass at least 97 per cent of funding to providers.

Only a small proportion of childminders with qualifying income over £50,000 will be mandated into Making Tax Digital (MTD) for income tax from April 2026. Childminders moving to MTD for income tax can continue to claim tax relief for household costs, wear and tear of household items and furniture, and food and drink, by deducting actual business costs. This ensures childminders receive tax relief for all of the costs that they incur in relation to their childminding business.

The Government will monitor the impact of MTD for income tax on childminders and other home-based childcare providers in the same way as it will for all sole traders moving to MTD for income tax. We will also review the impacts of moving from the 10% deduction to actual costs for wear and tear claims.

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.

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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: England would assess whether it should be recognised as systemic and recommend such designation to HMT

Found: markets. 2.6 The ‘Investment Fund 3.0’ vision, conceptualised by the IA through its work with the HM Treasury

Found: Fragmentation of regulatory responsibility across the FCA, BoE, PSR, and HMT compounds this uncertainty

Found: We work closely with industry stakeholders such as the Bank of England, the FCA/PSR, HM Treasury, Pay.UK

Found: The decision lies with HM Treasury, but the absence of clear thresholds or criteria means stablecoin

Found: While HMT has stated that the omission of stablecoins used for payments does not mean they cannot be

Found:  The FCA and HM Treasury approach has already included strong customer and investor protection goals

Found: BUDGET - HM Treasury marking relating to pre-released Budget proposals. c.

Found: fund projects under £3 million could divert resources away from highercost coastal schemes. 87 HM Treasury

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.

Found: discussion of this, see OBR, Fiscal risks report – July 2021, July 2021, paragraphs 1.32-1.41 12 HM Treasury

Found: be authorised by Parliament.21 This is partly done by supply and appropriation acts.22 However, HM Treasury

Found: (HMT) estimates will be spent on fi nancial transactions, up from 1.6% in 2025-26 October 2024 HMT

Found: (HMT) estimates will be spent on fi nancial transactions, up from 1.6% in 2025-26 October 2024 HMT

Found: financial management, Economic growth, Financial sustainability, Trade and investment Departments: HM Treasury

Found: variable, and Defra must learn what works to scale up private investment in nature. 3.16 In 2025, HM Treasury

Found: the Cabinet Office analysed resilience-related spending proposals across government and advised HM Treasury

Found: the Cabinet Office analysed resilience-related spending proposals across government and advised HM Treasury

Found: HM Treasury (2003) The Green Book, Appraisal and Evaluation in Central Government, (2003 version includes

Found: assumptions and data A social discount rate of 3.5 per cent is used to obtain present values, see HM Treasury

Found: assumptions and data A social discount rate of 3.5 per cent is used to obtain present values, see HM Treasury

Found: The selling price should be in pounds and should be gross of any levy to HM Treasury but net of any

Found: Grant Award Grant determination letters will be drafted and awarded by the Department following HM Treasury

Found: For media enquiries, contact HMT press office.

Found: Cabinet Office and HM Treasury spend controls may also apply, depending on the value of the contract

Found: Cabinet Office and HM Treasury spend controls may also apply, depending on the value of the contract

Found: next steps for open banking 25 FCA (2025): FCA and PSR set out next steps for open banking 26 HM Treasury

Found: next steps for open banking 25 FCA (2025): FCA and PSR set out next steps for open banking 26 HM Treasury

Found: These stem from budgetary controls that HM Treasury applies to the Department of Health and Social Care

Found: These stem from budgetary controls that HM Treasury applies to the Department of Health and Social Care

Found: Financial support In a pandemic, DHSC, HM Treasury, HM Revenue and Customs, the Department for Work

Found: price of regulated rail fares within the framework set by the Secretary of State and agreed with HM Treasury

Found: Cabinet Office and HM Treasury small and medium-sized enterprise (SME) action plan: 2025 to 2028

Found: HMP His Majesty’s Prison HMPPS His Majesty’s Prison and Probation Service (or the Prison Service) HMT

Found: comparison or control group, and where estimates of the size of an effect are less important (HM Treasury

Found: We also received evidence from His Majesty’s Treasury (HM Treasury) and the Association of Dental Groups

Found: the guidance of the UK Green Book on Appraisal and Evaluation in Central Government (2022), herein ‘HMT

Found: 20.121159 35 35 17 6 20 23 MoD 0 0 0 0 0 0 0 60.901839 77 70 31 20 30 18 60.901839 77 70 31 20 30 18 HMT

Found: February 2026 Contributions DBT - Corporate Services - DBT - CS - Chief Finance Officer Directorates HM Treasury

Found: DBT - CS - Chief Finance Officer Directorates

Found: Payment - Government Outcomes Lab Programme 169 The funding was vired to DCMS from DWP as part of HMT

Found: -03 Visitor Economy Advisory Council To hear the sector’s views of the Autumn Budget measures, with HMT

Found:

Found:

Found: Thomas Riordan 08/12/2025 Centre For Cities Centre for Cities Thomas Riordan 09/12/2025 Platform4/HMT

Found: Finance (UKEF) The Crown Estate (TCE) Great British Energy (GBE) Ofgem Office for Investment (OfI) HMT

Found: PPM, Procurement, Property and Construction, Strategy, Technical.Payroll staff CostsPlease refer to HMT

Found: Monetized benefits and NPVs HMT Green Book Supplementary Guidance tables21.

Found: collaborated closely with the Food Standards Agency and other government departments including DCMS, DBT and HMT

Found: Responses to the consultation may be shared with HM Treasury.

Found: has not been deemed to be likely to be approved, following engagement with officials at HM Treasury

Found: Infrastructure 32 All costs, benefits and transfers are presented in 2025 prices and discounted in line with HMT

Found: assumptions and data A social discount rate of 3.5 per cent is used to obtain present values, see HM Treasury

Found: assumptions and data A social discount rate of 3.5 per cent is used to obtain present values, see HM Treasury

Found: HM Treasury (2003) The Green Book, Appraisal and Evaluation in Central Government, (2003 version includes

Found: employees of other central banks, financial institutions and finance ministries to undertake a work HM Treasury

Found: Project governance, budgeting and transparency. 1.3 You should read this guidance alongside: • HM Treasury

Found: You should read this guidance alongside: HM Treasury Green Book and Business Case guidance (including

Found: HM Treasury and BEIS, 2019. Green Finance Strategy. London. The Stationery Office.

Found: The centre for the function, based in HM Treasury, supports this work and provides expertise and strategic

Found: UKGI is owned by HM Treasury and independently managed with a Board comprised predominantly of independent

Found: Section 8 Taxation (Cross -Border Trade) Act 2018 requires HM Treasury to make regulations establishing

Found: (6) The HM Treasury Public Expenditure Statistical Analysis for 2019 demonstrates a spending review

Found: HMP His Majesty’s Prison HMPPS His Majesty’s Prison and Probation Service (or the Prison Service) HMT

Found: We also received evidence from His Majesty’s Treasury (HM Treasury) and the Association of Dental Groups

Found: Report. 4.5 The data we present are the most up-to-date government sources available to us from ONS, HMT

Found: A full cost-benefit analysis has been undertaken in line with HM Treasury Green Book guidance.

Found: The Assessment states that HM Treasury has subsequently allocated further funding for the Scheme, which

Found: economic uncertainty such as the Covid-19 pandemic and the UK’s exit from the EU. 12 See HM Treasury

Found: and leisure business rates multipliers and pubs and live music venues relief’ subsidy scheme by HM Treasury

Found: and leisure business rates multipliers and pubs and live music venues relief’ subsidy scheme by HM Treasury

Found: HM Treasury requires that all central government departments publish details of their spending for transactions

Found: Sheet1 Unique HMT Project ID Project Name Department Procuring Authority Procuring authority type Sector

Found: The National Infrastructure and Service Transformation Authority (NISTA) collates this as part of HM Treasury

Found: We expand on this discussion of the RCVS’s dual role in part A, section 14. 178 HM Treasury Policy Paper

Found: -10-30

Found: 114.00 Andrew Pemberton 2025-10-30 2025-10-30 Meeting to discuss ways of working with HM Treasury

Found: To further strengthen public finances, in collaboration with HM Treasury, we will also continue to work

Found: Over the last year we have invested in the front-line with support and funding from HM Treasury, with

Found: Over the last year we have invested in the front-line with support and funding from HM Treasury, with

Found: PPM, Procurement, Property and Construction, Strategy, Technical.Payroll staff CostsPlease refer to HMT

Found: the responsibilities of an Accounting Officer, as set out in Managing Public Money published by HM Treasury

Found: Managing Public Money (“MPM”) (as updated from time to time) and has been approved by HM Treasury

Found: The following set of Freedoms was approved by HM Treasury and Cabinet Office on 26 April

Found: Appropriate planning should be carried out to account for DCMS & HMT approval

Found: Health and Social Care (DHSC) and NHS Blood and Transplant (NHSBT) in accordance with HM Treasury's (HMT

Found: Zero will publish the Summary Business Case for the Sizewell C (SZC) Project on gov.uk, as per HM Treasury

Found: its lifetime, per unit of generation, discounted at the Social Time Preference Rate set out in the HMT

Found: specialist services and unlock other sources of support for women, drawing on Reducing Reoffending HM Treasury

Found: Presently, HM Treasury sets a total amount of Department Expenditure Limits across all departments, which

Found: Retrieved from https://www.gov.scot/publications/evaluation-five-family-payments/ 20 HM Treasury. (2003

Found: the Welsh Government uses the same boundary for the budget presented to the Senedd as used by HM Treasury

Found: guidance on non-investment asset valuation from 1 April 2025 further to a major thematic review by HM Treasury

Found: (LP) is a public sector consultancy, jointly owned by the Local Government Association (50%), HM Treasury

Found: The Cabinet Secretary said: “The timing of the consultation is in the hands of HM Treasury, but this

Found: therefore urge the government to allow the BBC greater access to capital and will work closely with HM Treasury

Found: It also follows confirmation from HM Treasury earlier this year that no budgetary solution would be offered

Found: This treatment is fully consistent with HM Treasury Green Book guidance on identifying real economic

Found: Managing Public Money, issued by HM Treasury in June 2025, emphasises that effective IP management is

Found: requirements in the WG research specification and research aims, and followed the principles set out in HM Treasury

Found: concerning the Estate and the revenue derived from the Estate in England and Wales has accrued to HM Treasury

Found: The Fair Deal guidance was published by HM Treasury in June 1999 as A Fair Deal for Staff Pensions.

Found: The Fair Deal guidance was published by HM Treasury in June 1999 as A Fair Deal for Staff Pensions.

Found: 2003 ensure that the principles set out in the Cabinet Office Statement (with the accompanying HM Treasury

Found: appropriate, using processes set out in Managing Public Money and specified by His Majesty’s Treasury (HMT

Found: The PAO memorandum from HM Treasury sets out the delegated authority of the Permanent Secretary, including