Asked by: Jeremy Hunt (Conservative - Godalming and Ash)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps she is taking to help improve the global competitiveness of the City of London.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
The government’s Financial Services Growth and Competitiveness Strategy , co-designed with industry, sets out the government’s ten-year plan to make the UK the world’s centre of choice for financial services investment now and in 2035.
Since July, the Government has been squarely focused on delivery the Strategy, including launching the Office for Investment: Financial Services to attract and support global firms to establish and grow in the UK and UK listings relief – exempting shares from Stamp Duty Reserve Tax for the first three years that a company is listed.
The government will continue working at pace to deliver the reforms it has committed to.
Asked by: Jeremy Hunt (Conservative - Godalming and Ash)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she has made a recent assessment of the potential merits of removing the customs duty on mastectomy bras.
Answered by James Murray - Chief Secretary to the Treasury
The UK’s tariff schedule, known as the UK Global Tariff (UKGT), adheres to global classification standards. Those classify mastectomy bras under a commodity code that covers a range of other textiles.
We continue to monitor the UKGT to ensure our Most Favoured Nation tariff schedule functions as effectively as possible, supports domestic priorities, and provides a stable operating environment for businesses.
Businesses are able to request the partial or full liberalisation of the import duty applied to the products under this commodity code, including mastectomy bras, either through the online feedback form or the next business suspensions window.