Asked by: Scott Mann (Conservative - North Cornwall)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of block chain technology on the financial services industry.
Answered by Steve Barclay
The Financial Conduct Authority (FCA) is continuing to examine the implications of blockchain technology through its Regulatory Sandbox. In addition, the FCA issued a discussion paper to gauge industry’s views on the potential for future development of blockchain, which closed in July.
Asked by: Scott Mann (Conservative - North Cornwall)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many homes bought in North Cornwall in 2016-17 were below the stamp duty threshold.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
In 2016-17, there were 330 property transactions recorded by HMRC in the North Cornwall constituency which were below the stamp duty land tax threshold.
Asked by: Scott Mann (Conservative - North Cornwall)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential merits of reducing beer and cider duties for the purposes of stimulating growth in (a) those sectors and (b) the pub industry.
Answered by Andrew Jones
The government keeps all taxes under review at fiscal events, and we will consider this issue carefully as part of the Autumn Budget process.
Asked by: Scott Mann (Conservative - North Cornwall)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the potential merits of reducing the level of fuel duty; and if he will make a statement.
Answered by Andrew Jones
HMT continuously keeps the level of fuel duty under review, as we do with all taxes. The government has frozen fuel duty in every year from 2011 to lessen the impact of high fuel prices on households and business costs. In total, our action on fuel since 2010 has saved the average car driver £130 a year and the average van driver £350 compared to what they would have been paying under the previous Labour government’s escalator plans.
Asked by: Scott Mann (Conservative - North Cornwall)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will review the operation of the small brewer relief scheme to ensure there are no barriers to growth for small and medium-sized brewers.
Answered by Andrew Jones
The government keeps all taxes under review at fiscal events, and we will consider this issue carefully as part of the Autumn Budget process.
This government is aware of concerns about Small Brewers Relief, it has invited views on how it can be reformed in a way that the whole sector could support.