Oral Answers to Questions

Alistair Carmichael Excerpts

Tuesday 6th November 2018 Commons Chamber

[Mr Hammond]

What I can do is assure my right hon. Friend that we look actively at all taxes at every fiscal event. He will know that stamp duty land tax has been a subject of some interest and, indeed, controversy. We do look very carefully at the receipts data, but we also have to look at the distributional impact of different taxes. As my right hon. Friend will understand, doing anything about high rates of stamp duty land tax would have a very uneven distributional impact.

[Mr Alistair Carmichael (Orkney and Shetland) (LD)]

T9. Renewable energy developers working on wave and tidal power have presented a proposal for what they call innovation power purchase agreements, a mechanism whereby they might finally get their devices over the line into commercial deployment. Will the Chancellor, or perhaps the Chief Secretary, work with the Secretary of State for Business, Energy and Industrial Strategy on a proposal that could allow them and the developers to see the fruition of what could be a very important part of the Government’s industrial strategy?

[Elizabeth Truss]

As part of the spending review, we will look at the most efficient way in which we can meet our carbon targets. I am working closely with the Department for Business, Energy and Industrial Strategy in that regard.