Asked by: Connor Naismith (Labour - Crewe and Nantwich)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department plans to review the overseas scale rates.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As with all taxes and allowances, the Government keeps flat rates expenses, including Overseas Scale Rates, under review. Any decisions on future changes in this area will be taken in the context of the wider public finances.
Asked by: Connor Naismith (Labour - Crewe and Nantwich)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential contribution of cash ISAs to the economy.
Answered by Emma Reynolds - Economic Secretary (HM Treasury)
The Government is committed to incentivising greater saving and investment. Individual Savings Accounts (ISAs) help people save for their future goals and build greater financial resilience.
The Government recognises the important role that cash savings play in helping households build a financial buffer for a rainy day. The Government also wants to see more consumers participate in capital markets and benefit from the long-term financial security and returns that investing can provide.
The Government continues to keep all aspects of savings policy under review.
Asked by: Connor Naismith (Labour - Crewe and Nantwich)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what her planned timetable is for the reform of business rates.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The government made a manifesto commitment to a fairer business rates system that levels the playing field between online giants and the high street, supports investment and entrepreneurship and tackles empty properties. Further information on business rates reforms will be set out in due course.