Asked by: Baroness Jowell (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the potential contribution of profit-with-purpose companies to UK gross value added.
Answered by Lord O'Neill of Gatley
Non-profit institutions accounted for 3.1 per cent of real GDP in 2014, with the output of this sector increasing 0.9 per cent over the same period. ONS data do not produce statistics for ‘profit-with-purpose’ companies.
Asked by: Baroness Jowell (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the total number of properties (a) in the UK and (b) in the Greater London region affected by a levy on a property's value of above a (i) £2 million and (ii) £5 million threshold.
Answered by David Gauke
I refer the Right Honourable Member to my answers of 12 May (column 332W) and 13 May (column 529W). The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.
The Treasury does not have a precise regional breakdown of properties worth over £2million.