Asked by: Kirsteen Sullivan (Labour (Co-op) - Bathgate and Linlithgow)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will take steps to engage with the public to explain the (a) need and (b) sources of funding for large infrastructure projects near local communities to grow the economy.
Answered by Darren Jones - Chief Secretary to the Treasury
National Policy Statements set out the need for the development of Nationally Significant Infrastructure Projects and the Government's policy for meeting that need. NPSs provide clarity, certainty and transparency on Government policy for scheme promoters, the planning inspectorate, decision makers and the wider public.
As part of this government’s growth agenda, we will publish a cross-cutting 10-year infrastructure strategy, which will communicate to the public our approach to housing, economic and social infrastructure. The government has committed to delivering an infrastructure pipeline to provide a clear sense of the government’s long-term infrastructure priorities.
Asked by: Kirsteen Sullivan (Labour (Co-op) - Bathgate and Linlithgow)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will take steps to help increase the level of employee participation in (a) the Share Incentive Plan and (b) the Save As You Earn scheme.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Government fully understands the importance of enabling employees to share in the fruits of a company’s success, and for businesses to reward and retain employees effectively. The UK share schemes are popular, generous and internationally competitive.
A call for evidence on Save As You Earn (SAYE) and the Share Incentive Plan (SIP) ran from June to August 2023. It sought views on whether the schemes are meeting their policy objectives and opportunities to improve and simplify them. The Government is considering the responses to the call for evidence, and is grateful to those who took the time to respond.
The Government keeps all tax reliefs under review, to ensure they continue to meet their policy objectives in a way that is fair and effective.