Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of import duties on goods entering the UK from the EU on inflation.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Latest data from the Department for Business and Trade shows that 94.9% of goods entering Great Britain from the EU did so tariff-free in 2023, broadly unchanged from 94.7% in 2022. This data is available here: https://www.gov.uk/government/statistics/preference-utilisation-of-uk-trade-in-goods-2023/preference-utilisation-of-uk-goods-in-2023.
The Government wants to find ways to make it easier for businesses to trade with our partners and so is seeking views on potential UK accession to the Pan-Euro Mediterranean Convention on Rules of Origin through a call for evidence led by the Department for Business and Trade. You can find this information here: https://www.gov.uk/government/calls-for-evidence/pan-euro-mediterranean-convention-on-rules-of-origin-pem
Forecasting the economy, including the impact of Government policy decisions, is the responsibility of the independent Office for Budget Responsibility (OBR), which published its latest forecast on 26 March 2025. HM Treasury does not produce forecasts for the UK economy and has not made an assessment of the impact of import duties on inflation.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many complaints of mis-selling of prepayment funeral plans have been made for each year from 2015 to date.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
The regulation of pre-paid funeral plans is a matter for the Financial Conduct Authority (FCA). Pre-paid funeral plans came under FCA regulation in July 2022, and so the FCA will not hold complaint data from before that date. The FCA will respond to the Honourable Member by letter with further detail, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of personal allowance threshold freezes on people in each income decile for each year from 2015 to date.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The previous government made the decision to freeze the income tax Personal Allowance at its current level of £12,570 until April 2028.
The previous government published a Tax Information and Impact Note (TIIN) setting out the impacts.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made with Cabinet colleagues of the potential impact of bank closures on footfall in (a) town centres and (b) high streets.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
Banking is changing, with many customers benefiting from the ease and convenience of remote banking. Whilst the Government does not make estimates regarding the impact of branch closures on town centre footfall, the Government understands the importance of face-to-face banking to high streets and is committed to championing sufficient access for customers. That is why the Government is working closely with industry to roll out 350 banking hubs on high streets across the UK by the end of this Parliament. More than 240 hubs have been announced so far, and over 190 are already open.
This Government is fully committed to rejuvenating our high streets and supporting the businesses and communities that make our town centres successful. Alongside the £5bn funding for Pride in Place, we have announced a suite of tools to support communities to improve their high streets, including: High Street Rental Auctions giving councils the power to auction the lease of long-term vacant premises; a Community Right to Buy for communities to take ownership of local buildings they value; and streamlining the compulsory purchase process to help local authorities regenerate high streets.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what is the (a) cost and (b) number of HMRC staff undertaking inquiries into online marketplace sellers.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The department is unable to provide an exact breakdown in the cost or number of staff involved in this work. This is because HMRC takes a risk-based approach to compliance, and so tax enquiries into online marketplace sellers can fall into a number of different compliance areas. Staff involved will work across a variety of business types and in most cases will not be solely working on this one trade sector.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many online marketplace sellers have been required to pay a tax liability following a HMRC tax inquiry, and what was the average amount owed.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
HMRC does not segment it's data by trade sector, so is not able to accurately identify the number of businesses in any one sector which have been subject to a HMRC Tax Enquiry.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact pf (a) mobile phone and (b) broadband contract increases on inflation in (a) each year since 2020 and (b) each forecasted year her Department holds data on.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
The Office for National Statistics (ONS) is responsible for producing the UK’s official inflation statistics. These capture the contribution of particular sectors of the economy to inflation. Mobile phone and broadband services sit within the “Telephone and telefax equipment and services” class of the Consumer Prices Index (CPI) basket.
HM Treasury does not produce forecasts for the UK economy. Forecasting the economy, including the impact of Government policy decisions, is the responsibility of the independent Office for Budget Responsibility (OBR), which published its latest forecast on 26 March 2025. The Chancellor has asked departments to prioritise reducing inflation when developing policies for the Autumn Budget, ensuring decisions support stability and long-term growth.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of HMRC mileage rates.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Approved Mileage Allowance Payment rates are used by employers to reimburse an employee's expenses, tax free, for business mileage in their private vehicle. These rates are also used by self-employed drivers to claim tax relief on business mileage (when using simplified motoring expenses), and can be used by organisations to reimburse volunteers who use their own vehicle for voluntary purposes.
Employees can claim up to 45p/mile for the first 10,000 miles annually, followed by up to 25p/mile thereafter. An additional 5p/mile can be claimed for each passenger transported.
The AMAP rates are not mandatory, and employers can choose to pay more or less than the AMAP rate. It is therefore ultimately up to employers to determine the rate at which they reimburse their employees.
The Government keeps all taxes under review and the Chancellor makes decisions on tax policy at fiscal events.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 21 November 2024 to Question 13425 on Budget October 2024, whether its definition of working people has changed.
Answered by James Murray - Chief Secretary to the Treasury
A working person is someone who goes out to work and works for their income.
Asked by: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment her Department has made of the financial contribution of the co-operative sector to the economy; and what estimate her Department has made of the level of growth in that sector in each of the next five years.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
The government recognises the contribution of co-operatives to the economy, serving local communities and ensuring the UK has a diverse business sector.
According to Co-operatives UK, there are 7,391 co-operatives operating in the UK with a combined annual income of £42.7bn. Co-operatives serve 16.6 million members - an increase of 1.4 million (9.5%) from 2024 levels - and employ almost 240,000 people.
The government is taking steps to support further growth the co-operative sector in line with its manifesto commitment to double the size of the co-operative and mutuals sector. This includes funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014, which will consider ways to update and modernise the Act. The review is expected to be published by the end of the 2025 and the government will carefully consider its findings before responding.
Additionally, at Mansion House 2024 the Chancellor set out a package of measures aimed at supporting the growth of the broader co-operative and mutuals sector. This included welcoming the establishment of the industry-led Mutuals and Co-operative Business Council and asking the PRA and FCA to produce a report on the mutuals landscape by the end of 2025.
The Department for Business and Trade has also announced a call for evidence which will explore business support for co-operatives and non-financial mutuals.
Together, these will support the growth of the co-operative sector in line with the manifesto commitment.