Asked by: Sam Rushworth (Labour - Bishop Auckland)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the interest accruing on the frozen £2.5 billion proceeds from the sale of Chelsea Football Club is subject to UK taxation.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
HM Treasury and His Majesty’s Revenue and Customs (HMRC) are unable to comment on the tax affairs of specific taxpayers. UK source interest is chargeable to UK tax. The quantum and timing of that charge are dependent on the status of the recipient and the precise nature of the arrangements that lead to that interest.Asked by: Sam Rushworth (Labour - Bishop Auckland)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what progress she has made with Cabinet colleagues on implementing the Pride in Place programme.
Answered by James Murray - Chief Secretary to the Treasury
For too long, people have watched their towns and neighbourhoods’ decline. Through the Pride in Place programme, we’re cutting through bureaucracy to put money directly in the hands of local people. As it stands, almost 250 places will receive a share of £5bn from Spring next year to help them reclaim beloved local assets and drive renewal, street by street.