Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 July 2020 to Question 68708, on Local Government Finance: Coronavirus, whether Barnett Consequentials will flow from his Department's covid-19 local authority funding scheme.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
Any new funding for the Ministry of Housing, Communities and Local Government will have the Barnett formula applied to it in the usual way.
This would be on top of the £8.9 billion of additional funding that we have already confirmed for the devolved administrations in relation to Covid-19.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the revenue that will accrue to the public purse from ending the exemption on primary or sole residences from capital gains tax.
Answered by Jesse Norman
The estimated cost of the exemption of Capital Gains Tax on gains on the disposal of a person’s main or only residence was £26.7bn for 2017-18. Further information is provided in the official statistics on non-structural tax reliefs that are available here: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what proportion of staff employed by his Department are apprentices.
Answered by Simon Clarke
3.8% of staff employed by HM Treasury as at 31st December 2019 are apprentices. (based on headcount)Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential effect of reducing Air Passenger Duty on domestic flights on the UK's carbon emissions.
Answered by Simon Clarke
As announced on 14 January, HM Treasury is undertaking a review of Air Passenger Duty to ensure regional connectivity is strengthened while meeting the UK’s climate change commitments to achieve net zero emissions by 2050.
The government takes its environmental responsibilities very seriously and uses a range of levers at its disposal, including spending, taxation and regulatory policy, to meet its climate and environmental objectives.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much funding from the public purse his Department spent on the production of the graphic tweeted by his Department on 31 July 2019 entitled We’re announcing £2.1bn funding new funding to prepare for no deal.
Answered by Simon Clarke
The graphic tweeted by HM Treasury on no deal funding was produced in-house by the digital communications team.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the collapse of London Capital & Finance Ltd.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Government takes very seriously the failure of London Capital and Finance (LCF). On 1 April, I wrote to the Chair at the Financial Conduct Authority, Charles Randell, to say I will use powers under the Financial Services Act 2012 to direct the FCA to launch an investigation into the events at LCF and the circumstances surrounding them. This followed a request to me from Charles Randell to launch such an investigation.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the commemorative 50 pence coin issued to mark the UK's departure from the EU has been minted.
Answered by Robert Jenrick
Currently, no commemorative coins to mark the UK’s departure from the EU have been minted. However, as is standard procedure at The Royal Mint, a small number of trial coins have been produced. The production of trial coins does not incur any cost to the taxpayer. The commemorative 50 pence coin to mark the UK leaving the European Union will be made available following our departure.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to page 75 of the Government's Civil Society Strategy published in August 2018, what the timetable is for the review of Social Investment Tax Relief.
Answered by Mel Stride - Secretary of State for Work and Pensions
At Budget 2018, the government confirmed it will review the Social Investment Tax Relief in 2019. This is in line with commitments made when the scheme was expanded in 2017. The Call for Evidence will be published in the spring and we will publish a response later this year.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the average cost of processing a gift aid claim on charitable donations was in the last year for which data is available.
Answered by Robert Jenrick
The average cost to HMRC of processing a Gift Aid claim based on the data available for the tax year 2017-18 is less than £3 per claim. The total cost of processing Gift Aid claims is less than 0.1% of the total amount of Gift Aid repaid in 2017-18. A Gift Aid claim from a charity or a Community Amateur Sports Club can include any number of individual donations.
Asked by: Steve Reed (Labour (Co-op) - Croydon North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much LIBOR funding he has yet to allocate.
Answered by Elizabeth Truss
The LIBOR grant scheme was closed following the announcement of the final tranche of funding at Autumn Budget 2017. All LIBOR fines received from the Financial Conduct Authority have been committed.