Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 2 February 2017 to Question 62381, whether the national and regional analysis is founded upon the assumption of reverting to World Trade Organisation rules after the UK leaves the EU; what the timescale for the analysis is; whether he plans to publish the analysis; and what discussions he has had with the Secretary of State for Exiting the European Union on that analysis.
Answered by David Gauke
HM Treasury are working with the Department for Exiting the European Union and other government departments to undertake a wide range of analysis of leaving the European Union.
Government policy is to leave the EU and to make a success of Brexit. We are pursuing a bespoke arrangement and the best possible deal for Britain.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the potential effect on the economy of (a) Nottingham and (b) the East Midlands of the UK leaving the EU and reverting to World Trade Organisation rules.
Answered by David Gauke
As the Chancellor outlined at the Treasury Select Committee, the government is carrying out both national and regional analysis of leaving the European Union, which will help to inform the Prime Minister’s negotiating strategy.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he intends to publish legislation to create the National Infrastructure Commission as a statutory body.
Answered by David Gauke
The National Infrastructure Commission has a crucial role to play in setting out the country’s infrastructure priorities and it has already made an important contribution through its first three reports.
The Commission is an important part of the government’s overall approach on infrastructure, and we remain fully committed to it. We are considering how it can best support the government’s new industrial strategy.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the potential effect of the UK leaving the EU on (a) signed European Investment Bank (EIB) loans for transport projects in the UK and (b) EIB loan applications that are under appraisal for transport projects in the UK.
Answered by David Gauke
The UK is and continues to be a shareholder of the European Investment Bank and the EIB has publically stated that its engagement in the UK is unchanged.
All existing loan contracts signed between UK promoters and the EIB remain in force, and the EIB has continued to sign and approve new projects since the referendum.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his Department's discussion paper on options for supporting English regional airports from the impacts of air passenger duty devolution, published in July 2015, what advice he has received from the European Commission on the compliance of the options in that paper with state aid rules; and whether he plans to issue an update to that discussion paper.
Answered by Damian Hinds - Minister of State (Education)
The Government is carefully considering the responses received to the discussion paper on options to support English regional airports from the impacts of air passenger duty devolution and will respond in due course.
The options contained in the discussion paper could each be taken forward in a variety of ways. Any proposals brought forward will be compliant with EU law and the European Commission will be consulted, if required.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his Department's press release, Infrastructure at heart of Spending Review as Chancellor launches National Infrastructure Commission, published on 30 October 2015, what transport projects are included in the £100 billion infrastructure spending; and what the projected spend on those projects is in each year to 2020-21.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
The £100 billion of infrastructure spending includes publically-funded infrastructure projects and programmes in the National Infrastructure Pipeline. The Pipeline is a strategic view of economic infrastructure investment.
Transport projects and programmes include:
Details of the projected annual spend to 2020-21 can be found in the most recent refresh of the Pipeline, published in July 2015.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he plans to answer Question 224318, tabled on 11 February 2015 for Named day answer on 23 February 2015; and what the reasons are for the time taken to answer that Question.
Answered by Danny Alexander
I have done so.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 28 November 2014 to Question 215333, what the estimated cost to the Exchequer in the calendar year 2015 will be of raising Transport for London bus fares in line with the retail price index.
Answered by Danny Alexander
The estimated cost to the taxpayer in 2015 of raising Transport for London (TFL) bus fares is 1% of TFL’s bus fare income for 2015.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he intends to answer Question 215333 tabled for answer on 24 November 2014; and what the reasons are for the time taken to answer.
Answered by Danny Alexander
I have done so.
Asked by: Lilian Greenwood (Labour - Nottingham South)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 4 November 2014 to Question 213271, what the estimated cost to the Exchequer in the calendar year 2015 will be of (a) raising regulated national rail fares by the retail price index (RPI), (b) raising Transport for London rail fares by RPI and (c) removing train operators' flexibility to vary regulated fare levels within the basket of fares.
Answered by Danny Alexander
The estimated cost to the taxpayer, to the end of March 2016, of raising regulated national rail fares by the retail price index (RPI) in January 2015 is £39m.
The estimated cost to the taxpayer, to the end of March 2016, of raising Transport for London rail fares by the retail price index (RPI) in January 2015 is £43m.
The estimated cost to the taxpayer, to the end of March 2016, of removing operators’ flexibility to vary regulated fare levels within the basket of fares in January 2015 is £14m.