Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many homebuyers have been exempt from stamp duty in the last five years.
Answered by Mel Stride - Secretary of State for Work and Pensions
Statistics on the number of residential property transactions for the last five years which were not liable for SDLT, because they were either below the £125,000 minimum threshold, or claimed a relief, are published in the Quarterly Stamp Duty Statistics, table 4.
https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the cost has been to the public purse of the Help to Buy policy since the introduction of that scheme.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The Treasury is responsible for the Help to Buy: ISA and mortgage guarantee schemes; the Department for Communities and Local Government have responsibility for the Help to Buy: Equity Loan scheme.
Both Department’s routinely publishes information on the take-up and the total value of support provided through the Help to Buy schemes.
From the introduction of the Help to Buy: ISA on 1 December 2015 to 31 March 2017, the total value of bonuses paid was £54m. Further information is available at: https://www.gov.uk/government/collections/official-statistics-on-the-help-to-buy-isa-scheme
Between the launch of the Help to Buy: Equity Loan scheme on 1 April 2013 to 31 March 2017, the total value of equity loans provided through scheme was £5.86bn. Further information is available at: https://help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2017
The Help to Buy: mortgage guarantee scheme was designed to be self-financing through the commercial fee that lenders paid for the provision of the Government guarantee. The fee was set to cover the administration cost, the cost of capital of providing the guarantee and expected losses from loans guaranteed under the scheme. Further information is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621112/H2B_MGS_Official_Statistics_Publication_June_17.pdf
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the cost has been to the public purse of the Help to Buy ISA policy since the introduction of that scheme.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The Treasury is responsible for the Help to Buy: ISA and mortgage guarantee schemes; the Department for Communities and Local Government have responsibility for the Help to Buy: Equity Loan scheme.
Both Department’s routinely publishes information on the take-up and the total value of support provided through the Help to Buy schemes.
From the introduction of the Help to Buy: ISA on 1 December 2015 to 31 March 2017, the total value of bonuses paid was £54m. Further information is available at: https://www.gov.uk/government/collections/official-statistics-on-the-help-to-buy-isa-scheme
Between the launch of the Help to Buy: Equity Loan scheme on 1 April 2013 to 31 March 2017, the total value of equity loans provided through scheme was £5.86bn. Further information is available at: https://help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-march-2017
The Help to Buy: mortgage guarantee scheme was designed to be self-financing through the commercial fee that lenders paid for the provision of the Government guarantee. The fee was set to cover the administration cost, the cost of capital of providing the guarantee and expected losses from loans guaranteed under the scheme. Further information is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621112/H2B_MGS_Official_Statistics_Publication_June_17.pdf
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what proportion of public sector workers pay (a) basic rate, (b) higher rate and (c) additional rate income tax.
Answered by Mel Stride - Secretary of State for Work and Pensions
The Government does not centrally collate data on the proportion of public sector workers paying basic, higher or additional rates of income tax.
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of recent rises in inflation on the standard of living for the lowest income households.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
The Office for Budget Responsibility (OBR) expect inflation to average 2.4% over 2017 and 2.3% over 2018. Their forecast was reflected in the distributional analysis published alongside Spring Budget 2017.
The Government is taking action to support the lowest income households. This includes increasing the National Living Wage, raising the personal allowance, and freezing fuel duty.
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the increase in the personal allowance threshold and the one per cent public sector pay cap on household incomes in the last seven years.
Answered by Mel Stride - Secretary of State for Work and Pensions
The Government has made no formal assessment of the impact of the increase of the personal allowance threshold on household incomes. For individuals, a typical basic rate taxpayer will pay £1,005 less income tax in 2017-18 than in 2010-11, and 1.3 million individuals will be taken out of income tax altogether by 2017-18 (compared to 2015-16), as a result of the Government’s action to increase the personal allowance to £11,500 in April 2017.
The pay for an individual public sector worker is affected by several factors including progression pay, allowances and the one per cent pay policy. It will therefore vary by individual. HM Treasury does not collect this data centrally.
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what proportion of public sector workers have received a pay rise limited to one per cent since 2010.
Answered by Elizabeth Truss
The pay for an individual public sector worker is affected by several factors including progression pay, allowances and the one per cent pay policy. It will therefore vary by individual. HMT does not collect this data centrally.
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what proportion of government expenditure has been spent on public sector pay in each of the last five years.
Answered by Elizabeth Truss
The Proportion of Government Expenditure spent on public sector pay in each of the last five years is as follows:
National Statistics | £million | |||||
| 2011-12 outturn | 2012-13 outturn | 2013-14 outturn | 2014-15 outturn | 2015-16 outturn | |
Pay | 165,995 | 164,135 | 163,627 | 167,173 | 171,859 | |
Total Managed Expenditure (2) | 716,170 | 731,993 | 736,886 | 751,988 | 753,878 | |
Pay as proportion of TME | 23.18% | 22.42% | 22.21% | 22.23% | 22.80% | |
(2) This excludes the temporary effects of banks being classified to the public sector. | ||||||
Source: Public Spending Statistics May 2017 (National Statistics) | ||||||
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what proportion of public sector workers have received a pay rise above one per cent since 2010.
Answered by Elizabeth Truss
The pay for an individual public sector worker is affected by several factors including progression pay, allowances and the one per cent pay policy. It will therefore vary by individual. HMT does not collect this data centrally.
Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what progress the Financial Conduct Authority has made in the investigation of the Connaught Income Fund.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
This question has been passed on to the FCA. They will reply directly to the Honourable Member by letter. A copy of the letter will be placed in the library of the House.