Asked by: Yuan Yang (Labour - Earley and Woodley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many estates in Earley and Woodley constituency were subject to inheritance tax in tax years (a) 2019/20, (b) 2020/21 and (c) 2021/22.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The parliamentary constituency of Earley and Woodley is a newly configured constituency that was created after the completion of the 2023 Periodic Review of Westminster constituencies. Therefore, data for the number of estates subject to IHT in this constituency for the tax years 2019/20-2021/22 is not available.
Asked by: Yuan Yang (Labour - Earley and Woodley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment she has made of the (a) accuracy and (b) utility of the Office for National Statistics Labour Force Survey.
Answered by Tulip Siddiq - Economic Secretary (HM Treasury)
Data from the Labour Force Survey (LFS) remains subject to a number of quality concerns following a fall in response rates, which fell from 47.9% in June to August 2013 to 14.6% in June to August 2023.
The ONS is undertaking work to address these quality issues through improvements to its data collection and methodology. The ONS is also continuing to develop the Transformed Labour Force Survey (TLFS) as the long-term solution for collecting labour market data.
While these improvements are underway, LFS estimates are currently designated as ‘official statistics in development’, and the ONS advise caution when interpreting changes in headline LFS rates.