Asked by: Jacob Rees-Mogg (Conservative - North East Somerset)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to Table C5 of the 2017 Autumn Budget 2017 and Table B.4 of the Office for Budget Responsibility's Economic Economic and Fiscal Outlook November 2017, when the forecast own resources contribution to the EU of £3.5bn in 2019-20 and subsequent years will be reallocated to domestic UK spending, what plans he has for these monies; and if he will make a statement.
Answered by Elizabeth Truss
The Office for Budget Responsibility’s independent forecast has maintained EU contributions past the point of exit in order to produce a fiscally neutral forecast; they have made no assumptions on the outcome of future policy decisions. The funding choices we take after exiting the EU will be based on the UK’s domestic priorities and will also be affected by the then economic environment and the fiscal position. We are determined to secure the very best deal we can for households and businesses in these negotiations and to seize the opportunities ahead by laying the foundations of a stronger, fairer Britain outside the EU.
Asked by: Jacob Rees-Mogg (Conservative - North East Somerset)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of his Department's preparations for the UK leaving the EU with (a) an agreement on future partnership and (b) no agreement with the EU; and if he will make a statement.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
HM Treasury keeps its work in this area under review, and will continue to ensure it is well placed to make the preparations necessary to deliver UK’s exit from the EU, alongside its other commitments.
Asked by: Jacob Rees-Mogg (Conservative - North East Somerset)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what provisions have been made to replace the role of the European Securities and Markets Authority, the European Banking Authority and the European Insurance Occupational Pension Authority in the UK.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The European Union (Withdrawal) Bill will convert all directly applicable European Union financial services legislation into British law. The powers under that Bill will be used to transfer functions currently undertaken by EU institutions to an appropriate UK body.
The future of our relationship with the European Supervisory Authorities is subject to the outcome of the withdrawal negotiations. The UK and the EU will start from the unique position of regulatory alignment. We will look to create a new framework that allows for continued trust in one another’s institutions and a close partnership.
Asked by: Jacob Rees-Mogg (Conservative - North East Somerset)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many EU-EEA citizens are currently recorded within HM Revenue and Customs' tax and tax credit system.
Answered by Mel Stride - Secretary of State for Work and Pensions
The number of EU and EEA citizens that interact with HMRC through payment of Income Tax or National Insurance Contributions, or receipt of tax credits or Child Benefit, is available in the publication “Income Tax, NICs, Tax Credits and Child Benefit Statistics for EEA Nationals, 2014 to 2015”. The statistics are available on gov.uk at the following location:
Table B1 (page 10) provides information on Income Tax, National Insurance Contributions, tax credits and Child Benefit with a breakdown by EU country, and aggregates for EEA and EU. Table D1 (page 14) shows the total number of non-UK EEA nationals with a tax record.
These tables show that in 2014-15, 580,000 EEA nationals were claiming tax credits and there were 2,870,000 EEA nationals with an Income Tax record.