HM Treasury

HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.



Secretary of State

 Portrait

Rachel Reeves
Chancellor of the Exchequer

Shadow Ministers / Spokeperson
Liberal Democrat
Baroness Kramer (LD - Life peer)
Liberal Democrat Lords Spokesperson (Treasury and Economy)
Daisy Cooper (LD - St Albans)
Liberal Democrat Spokesperson (Treasury)

Conservative
Mel Stride (Con - Central Devon)
Shadow Chancellor of the Exchequer
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Lord Altrincham (Con - Excepted Hereditary)
Shadow Minister (Treasury)
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Gareth Davies (Con - Grantham and Bourne)
Shadow Financial Secretary (Treasury)
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
James Wild (Con - North West Norfolk)
Shadow Exchequer Secretary (Treasury)
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
Ministers of State
Darren Jones (Lab - Bristol North West)
Chief Secretary to the Treasury
Lord Livermore (Lab - Life peer)
Financial Secretary (HM Treasury)
Baroness Gustafsson (Lab - Life peer)
Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
James Murray (LAB - Ealing North)
Exchequer Secretary (HM Treasury)
Emma Reynolds (Lab - Wycombe)
Economic Secretary (HM Treasury)
Torsten Bell (Lab - Swansea West)
Parliamentary Secretary (HM Treasury)
There are no upcoming events identified
Debates
Wednesday 19th April 2023
Finance (No. 2) Bill
Commons Chamber
Select Committee Docs
Thursday 20th April 2023
08:45
Select Committee Inquiry
Tuesday 31st January 2023
Quantitative tightening

This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …

Written Answers
Thursday 20th April 2023
Alcoholic Drinks: Excise Duties
To ask the Chancellor of the Exchequer, whether he has made a recent assessment of the potential impact of recent …
Secondary Legislation
Tuesday 18th April 2023
Customs Tariff (Preferential Trade Arrangements and Miscellaneous Amendments) Regulations 2023
These Regulations are made under the Taxation (Cross-border Trade) Act 2018 (c. 22).
Bills
Wednesday 5th March 2025
Supply and Appropriation (Anticipation and Adjustments) Act 2025
A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and …
Dept. Publications
Thursday 20th April 2023
15:45

HM Treasury Commons Appearances

Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs

Other Commons Chamber appearances can be:
  • Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
  • Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
  • Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.

Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue

Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.

Most Recent Commons Appearances by Category
May. 20
Oral Questions
Jan. 09
Urgent Questions
May. 19
Written Statements
May. 12
Westminster Hall
Feb. 24
Adjournment Debate
View All HM Treasury Commons Contibutions

Bills currently before Parliament

HM Treasury does not have Bills currently before Parliament


Acts of Parliament created in the 2024 Parliament

Introduced: 13th November 2024

A Bill to make provision about secondary Class 1 contributions.

This Bill received Royal Assent on 3rd April 2025 and was enacted into law.

Introduced: 6th November 2024

A Bill to make provision about finance.

This Bill received Royal Assent on 20th March 2025 and was enacted into law.

Introduced: 25th July 2024

A Bill to amend the Crown Estate Act 1961.

This Bill received Royal Assent on 11th March 2025 and was enacted into law.

Introduced: 5th March 2025

A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.

This Bill received Royal Assent on 11th March 2025 and was enacted into law.

Introduced: 6th November 2024

A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.

This Bill received Royal Assent on 16th January 2025 and was enacted into law.

Introduced: 18th July 2024

A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.

This Bill received Royal Assent on 10th September 2024 and was enacted into law.

Introduced: 24th July 2024

A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.

This Bill received Royal Assent on 30th July 2024 and was enacted into law.

HM Treasury - Secondary Legislation

This Order provides for certain “buy-now-pay-later” agreements which are currently exempt agreements within article 60F(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) to become regulated credit agreements within the meaning of article 60B(3) of that Order. These agreements are referred to as “regulated deferred payment credit agreements” in this note. As a result, the regulated activities specified for the purposes of the Financial Services and Markets Act 2000 (c.8) (“FSMA”) by article 60B(1) (entering a regulated credit agreement) and (2) (exercise of lenders’ rights and duties under a regulated credit agreement) of the Regulated Activities Order will include those activities as they relate to regulated deferred payment credit agreements.
These Regulations provide for the testing of the efficiency and effectiveness of a new kind of share-trading system, the Private Intermittent Securities and Capital Exchange System, or PISCES. The PISCES sandbox is a financial markets infrastructure (“FMI”) sandbox provided for at sections 13 to 17 of the Financial Services and Markets Act 2023 (c. 29). FMI sandboxes provide for the testing of new or developing technologies or practices in FMI activities, and for the testing of whether or how relevant enactments should apply to the operation of a those new technologies or practices.
View All HM Treasury Secondary Legislation

Petitions

e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.

If an e-petition reaches 10,000 signatures the Government will issue a written response.

If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).

Trending Petitions
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3,421 Signatures
(327 in the last 7 days)
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3,912 Signatures
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Petitions with most signatures
Petition Open
47,628 Signatures
(59 in the last 7 days)
Petition Open
5,852 Signatures
(3,472 in the last 7 days)
Petition Open
4,367 Signatures
(37 in the last 7 days)
Petition Debates Contributed

Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.

We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.

Prevent independent schools from having to pay VAT on fees and incurring business rates as a result of new legislation.

View All HM Treasury Petitions

Departmental Select Committee

Treasury Committee

Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.

At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.

Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.


11 Members of the Treasury Committee
Meg Hillier Portrait
Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)
Treasury Committee Member since 9th September 2024
Yuan Yang Portrait
Yuan Yang (Labour - Earley and Woodley)
Treasury Committee Member since 21st October 2024
Jeevun Sandher Portrait
Jeevun Sandher (Labour - Loughborough)
Treasury Committee Member since 21st October 2024
Lola McEvoy Portrait
Lola McEvoy (Labour - Darlington)
Treasury Committee Member since 21st October 2024
Siobhain McDonagh Portrait
Siobhain McDonagh (Labour - Mitcham and Morden)
Treasury Committee Member since 21st October 2024
John Glen Portrait
John Glen (Conservative - Salisbury)
Treasury Committee Member since 21st October 2024
Rachel Blake Portrait
Rachel Blake (Labour (Co-op) - Cities of London and Westminster)
Treasury Committee Member since 21st October 2024
Harriett Baldwin Portrait
Harriett Baldwin (Conservative - West Worcestershire)
Treasury Committee Member since 21st October 2024
Bobby Dean Portrait
Bobby Dean (Liberal Democrat - Carshalton and Wallington)
Treasury Committee Member since 28th October 2024
Chris Coghlan Portrait
Chris Coghlan (Liberal Democrat - Dorking and Horley)
Treasury Committee Member since 28th October 2024
John Grady Portrait
John Grady (Labour - Glasgow East)
Treasury Committee Member since 9th December 2024
Treasury Committee: Upcoming Events
Treasury Committee - Oral evidence
Banks and building societies
21 May 2025, 2 p.m.
View calendar - Save to Calendar
Treasury Committee - Oral evidence
Banks and building societies
21 May 2025, 2 p.m.
At 2:15pm: Oral evidence
Debbie Crosbie - Chief Executive at Nationwide Building Society
Susan Allen OBE - Chief Executive at Yorkshire Building Society
Stuart Haire - Group Chief Executive at Skipton Group
At 3:15pm: Oral evidence
Mark Mullen - Chief Executive at Atom Bank
Richard Davies - Chief Executive at Allica Bank
Raman Bhatia - Group Chief Executive at Starling Bank

View calendar - Save to Calendar
Treasury Committee: Previous Inquiries
The Financial Conduct Authority’s Regulation of London Capital & Finance plc Budget 2021 Work of National Savings and Investments Lessons from Greensill Capital Appointment of Carolyn Wilkins to the Financial Policy Committee Appointment of Tanya Castell to the Prudential Regulatory Committee The work of the Prudential Regulation Authority Reappointment of Jill May and Julia Black to the Prudential Regulation Committee Committee on COP26: climate change and finance Spring Budget 2020 Appointment of Sarah Breeden to the Financial Policy Committee Appointment of Catherine Mann to the Monetary Policy Committee Reappointment of Jonathan Haskel to the Monetary Policy Committee Bank of England July Financial Stability Report and August Monetary Policy Report Economic Crime Regional Imbalances in the UK economy The Work of the Debt Management Office Appointment of Richard Hughes as Chair of the Office for Budget Responsibility Reappointment of Professor Silvana Tenreyro to the Monetary Policy Committee Reappointment of Andy Haldane to the Monetary Policy Committee Appointment of Jonathan Hall to the Financial Policy Committee Appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority Maxwellisation inquiry The work of National Savings and Investments inquiry Retail Banking Market Review inquiry HMRC Executive Chair and Chief Executive Financial stability one-off hearing Appointment of the CEO of Financial Conduct Authority Bank of England Financial Stability Report Hearings 2016-17 UK's future economic relationship with the EU inquiry Appointment of Deputy Governor for Prudential Regulation EU Insurance Regulation inquiry HM Treasury: Report and Accounts 2015 – 2016 Appointment of Michael Saunders to the Monetary Policy Committee Appointment of Anil Kashyap to the Financial Policy Committee Tax credits, fraud and error inquiry The work of the Chancellor of the Exchequer inquiry Bank of England Inflation Report Hearing August 2016 Prudential Regulation Authority inquiry Sir Charles Bean appointment to Budget Responsibility Committee UK tax policy and the tax base inquiry Government Internal Audit Agency inquiry HM Treasury Annual Report and Accounts 2014-15 inquiry Valuation Office Agency inquiry Independent review of report into failure of HBOS inquiry Review of the Office for National Statistics inquiry Appointment of Angela Knight as Chair of the Office for Tax Simplification Appointment of Tim Parkes as Chair of Regulatory Decisions Committee Budget 2016 inquiry Financial Policy Committee re-appointment hearings Bank of England Inflation Report Hearing May 2016 Work of the Court of the Bank of England inquiry Bank of England Inflation Report Hearing February 2017 Appointment of the Deputy Governor for Markets and Banking Budget 2017 inquiry Restoration and Renewal of the Palace of Westminster inquiry Capital inquiry Work of the Payment Systems Regulator inquiry Effectiveness and impact of post-2008 UK monetary policy Access to basic retail financial services inquiry Financial Conduct Authority inquiry Bank of England Inflation Report Hearing November 2016 UK Financial Investments annual reports and accounts 2015-16 Housing Policy inquiry Autumn Statement 2016 Household finances: income, saving and debt inquiry Bank of England Inflation Reports inquiry Budget Autumn 2017 inquiry Student Loans inquiry The UK's economic relationship with the European Union inquiry The work of the Bank of England inquiry The work of the Financial Conduct Authority The work of the National Infrastructure Commission inquiry Women in finance inquiry Appointment of Professor Silvana Tenreyro to the Monetary Policy Committee Appointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking, Bank of England The work of the Chancellor of the Exchequer EU Insurance Regulation inquiry HMRC Annual Report and Accounts inquiry Re-appointment of Professor Anil Kashyap to the Financial Policy Committee inquiry Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England inquiry The effectiveness of gender pay gap reporting inquiry Decarbonisation of the UK Economy and Green Finance inquiry Regional Imbalances in the UK Economy inquiry Work of the Financial Services Compensation Scheme inquiry Spending Round 2019 inquiry Access to Cash Review inquiry Appointment of Kathryn Cearns as Chair of the Office of Tax Simplification inquiry The future of the UK’s financial services inquiry The impact of Business Rates on business inquiry Spring Statement 2019 inquiry The work of the Adjudicator’s Office inquiry The work of the Debt Management Office inquiry Independent Review of the Co-Operative Bank inquiry Work of the Court of the Bank of England inquiry Tax enquiries and resolution of tax disputes inquiry IT failures in the financial services sector inquiry Work of the Banking Standards Board inquiry Independent Review of the Financial Ombudsman Service Appointment of Bradley Fried as Chair of Court, Bank of England Appointment of Professor Jonathan Haskel to the Monetary Policy Committee Andy King, Nominated Member of the Budget Responsibility Committee Re-appointment of Dr Gertjan Vlieghe to the Monetary Policy Committee Maxwellisation inquiry Work of the Valuation Office Agency inquiry Appointment of Julia Black as external member of the Prudential Regulation Committee Appointment of Jill May as an external member of the Prudential Regulation Committee Consumers’ Access to Financial Services inquiry The re-appointment of Sir Jon Cunliffe as Deputy Governor for Financial Stability at the Bank of England inquiry Budget 2018 inquiry The Work of the Treasury inquiry Service Disruption at TSB inquiry Economic Crime inquiry Re-appointment of Alex Brazier to the Financial Policy Committee Re-appointment of Donald Kohn to the Financial Policy Committee Re-appointment of Martin Taylor to the Financial Policy Committee VAT inquiry Spring Statement 2018 Digital Currencies inquiry Appointment of Charles Randell as Chair of the Financial Conduct Authority SME Finance inquiry Appointment of Elisabeth Stheeman to the Bank of England Financial Policy Committee The work of the Prudential Regulation Authority inquiry Bank of England Financial Stability Reports RBS's Global Restructuring Group and its treatment of SMEs inquiry Childcare inquiry The work of the Payment Systems Regulator inquiry HM Treasury Annual Report and Accounts inquiry Women in the City Crown Estate Cheques, the end of? Mortgage Arrears and Access to Mortgage Finance: Follow up Financial Institutions - Too Important To Fail? Budget 2010 Credit Searches European Macro and Micro Prudential Financial Regulation Presbyterian Mutual Society Pre-Budget Report 2009 Budget 2009 Pre-Budget Report 2008 Budget 2008 Pre-Budget Report 2007 Mortgage Arrears and Access to Mortgage Finance Evaluating the Efficiency Programme Administration and expenditure of the Chancellor’s Departments, 2008-09 Banking Crisis Banking Crisis: International Dimensions Banking Reform Run on the Rock Budget June 2010 Competition and choice in the banking sector Office for Budget Responsibility Financial Regulation Spending Review 2010 Administration and effectiveness of HMRC The principles of tax policy Retail Distribution Review European financial regulation Autumn forecast 2010 Accountability of the Bank of England Private Finance Initiative Budget 2011 Future of Cheques Independent Commission on Banking: Interim Report Closing the tax gap: HMRC's record at ensuring tax compliance Budget Measures and Low-income Households Financial Conduct Authority Inherited Estates Counting the population Administration and expenditure of the Chancellor's Departments, 2006-07 Comprehensive Spending Review 2007 Administration and expenditure of the Chancellor's Departments, 2007-08 Independent Commission on Banking: Final Report Global Imbalances Autumn Statement 2011 Budget 2012 Corporate governance and remuneration Money Advice Service LIBOR FSA's report into HBOS Spending Round 2013 Project Verde Macroprudential tools Disposal of Government Stakes in RBS and Lloyds Credit Rating Agencies Autumn Statement 2012 Appointment of Dr Mark Carney as Governor of the Bank of England Budget 2013 Quantitative easing Private Finance 2 Autumn Statement 2013 Bank of England Financial Stability Report hearings: Session 2014-15 Appointment hearings, Session 2013-14 Bank of England Inflation Report Hearings: Session 2013-14 EU Financial Regulation Monetary Policy: Forward Guidance UK Financial Investments Ltd 2013 The economics of HS2 SME Lending Financial Conduct Authority hearings The costing of pre-election policy proposals Performance of the Royal Mint Budget 2014 The economics of currency unions OBR: July 2013 Fiscal Sustainability Report Banks' Lending Practices: Treatment of Businesses in Distress RBS Independent Lending Review Prudential Regulation Authority Hearings: Session 2014-15 HM Treasury Annual Report and Accounts 2013-14 Treatment of Financial Services Consumers Bank of England Inflation Report Hearings: Session 2014-15 HMRC Business Plan 2014-16 Manipulation of Benchmarks Appointment hearings, Session 2014-15 Co-op Governance Review Cost effectiveness of economic and financial sanctions Bank of England Financial Stability Report Hearings 2015-16 Bank of England Inflation Report Hearings 2015-16 Summer Budget 2015 inquiry UK Financial Investments Ltd Annual Report and Accounts 14-15 Review of scope and performance of Office for Budget Responsibility Bank of England Bill inquiry Chair of Office for Budget Responsibility reappointment hearing HMRC Annual Report and Accounts 2014-15 inquiry Prudential Regulation Authority inquiry Comprehensive Spending Review and Autumn Statement 2015 inquiry Review of CMA work on Retail Banking Market one-off session Financial Conduct Authority Practitioner Panels one-off session Appointment of Gertjan Vlieghe to the Monetary Policy Committee hearing Reappointment of Ian McCafferty to the Monetary Policy Committee hearing Financial Conduct Authority Economic and financial costs and benefits of UK's EU membership Crown Estate Annual Report and Accounts 2013/14 Bank of England Foreign Exchange Market Investigation HM Revenue and Customs and HSBC Budget 2015 The UK's EU Budget Contributions Press briefing of information in the Financial Conduct Authority’s 2014/15 Business Plan Fair and Effective Markets Review The Payment Systems Regulator Implementing the recommendations on the Parliamentary Commission on Banking Standards Autumn Statement 2014 Work of the Tax Assurance Commissioner UK Financial Investments Ltd Proposals for further Fiscal and Economic Devolution to Scotland Debt Management Office Annual Report and Accounts 2013-14 UK Customs Policy Infrastructure The cost of living The venture capital market The crypto-asset industry Tax Reliefs September 2022 Fiscal Event The Financial Services and Markets Bill The mortgage market The Edinburgh Reforms Quantitative tightening Retail Banks Appointment of Andrew Bailey as Governor of the Bank of England Work of Government Actuary’s Department Work of the Financial Ombudsman Service Work of HM Treasury Future of Financial Services Spending Review 2020 HMRC Annual Report and Accounts Bank of England Financial Stability Reports The appointment of John Taylor to the Prudential Regulation Committee UK’s economic and trading relationship with the EU The appointment of Antony Jenkins to the Prudential Regulation Committee Access to Cash Review Bank of England Financial Stability Reports Bank of England Inflation Reports Consumers’ Access to Financial Services Decarbonisation of the UK Economy and Green Finance Economic Crime The effectiveness of gender pay gap reporting HMRC Annual Report and Accounts inquiry Tax enquiries and resolution of tax disputes IT failures in the financial services sector Appointment of Dame Colette Bowe to the Financial Policy Committee Re-appointment of Professor Anil Kashyap to the Financial Policy Committee Work of the Financial Services Compensation Scheme Spending Round 2019 The impact of Business Rates on business Work of the Court of the Bank of England Independent Review of the Co-Operative Bank Regional Imbalances in the UK Economy Re-appointment of Michael Saunders to the Monetary Policy Committee Re-appointment of Ben Broadbent as Deputy Governor for Monetary Policy, Bank of England Maxwellisation RBS's Global Restructuring Group and its treatment of SMEs SME Finance Spring Statement 2019 The future of the UK’s financial services HM Treasury Annual Report and Accounts Service Disruption at TSB The UK's economic relationship with the European Union VAT The work of the Bank of England The work of the Chancellor of the Exchequer The work of the Financial Conduct Authority The Work of the Treasury The work of the Prudential Regulation Authority

50 most recent Written Questions

(View all written questions)
Written Questions can be tabled by MPs and Lords to request specific information information on the work, policy and activities of a Government Department

12th May 2025
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of including council tax debt collection in the scope of the Government Debt Fairness Charter.

The Debt Fairness Charter outlines principles for the fair and reasonable treatment of individuals who owe personal debt to central government. The first version was published in March 2024, with a commitment to ongoing review and updates as needed, and a review is currently underway.

James Murray
Exchequer Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to help protect small businesses from bank account closures.

Banking services fulfil a vital role for businesses across the UK.

I recently laid legislation before Parliament which will require banks and other providers to give customers a longer notice period of 90 days before closing accounts and to provide a sufficiently detailed and specific explanation.

This will give people and businesses the time and information they need to challenge decisions or find an alternative provider.

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what estimate she has made of the potential financial savings to the Exchequer of (a) withdrawing the postponed VAT accounting process and (b) bringing forward payment of VAT on imports using the same facilities as apply to customs duties.

Postponed VAT accounting is an established and valued part of the UK’s VAT regime, which provides significant simplification and cashflow benefits to UK businesses who import goods from overseas. Unlike customs duty, VAT paid upon importation of goods is typically able to be reclaimed where the goods are sold on or used in the course of business. Postponed VAT accounting allows businesses to account for and reclaim the VAT on the same VAT return, thereby producing a nil result, rather than paying VAT on import and reclaiming it on a future VAT return. Postponed VAT accounting does not change the overall VAT liability on any imported goods.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, how does the Valuation Office Agency determine the area size of a dwelling in (a) England and (b) Wales; and how does it determine the size of a non-standard plot.

I refer the hon. member to the following answer UIN 48452, tabled on 28 April 2025.

James Murray
Exchequer Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to support the ability of people to make payments in cash.

The government recognises that cash continues to be an important method of payment for people.

The Financial Services and Markets Act 2023 gives the FCA responsibility and powers to protect access to cash.

They have since introduced rules to protect access to cash, which will also support the ability of consumers and businesses to continue to transact in cash.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, how much funding her Department has allocated to Stonewall for (a) 2025/26 and (b) 2026/27.

HM Treasury has not allocated any funding for Stonewall for 2025/26 and does not anticipate allocating any funding for Stonewall in 2026/27.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what discussions she has had with the Secretary of State for Environment, Food and Rural Affairs on (a) the design of the Extended Producer Responsibility scheme for packaging and (b) its interaction with wider economic and fiscal policy.

The Government is committed to moving towards a circular economy that delivers sustainable growth. Implementing the Collection and Packaging Reforms, including the Extended Producer Responsibility scheme for packaging is a critical step in this transition and will create a substantial incentive for investment in new and improved recycling services in the UK.

HM Treasury is working closely with the Department for Environment, Food and Rural Affairs, and the lead department, on the delivery of these reforms.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what steps HMRC is taking to improve communication with Child Trust Fund beneficiaries.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what proportion of matured Child Trust Funds have not been claimed.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, how many matured Child Trust Funds are unclaimed.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what proportion of matured Child Trust Funds that have not been claimed were opened by HMRC on the child’s behalf.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what the market value is of matured Child Trust Funds that are unclaimed.

HMRC assists young people in accessing their matured CTFs through its online tracing service and through targeted communications appropriate to the age group. It will continue its work with providers, industry representatives and other stakeholders, exploring ways of increasing the profile of CTFs and enabling account owners to be aware of and trace their accounts.

HMRC encourages anyone unsure about their situation to get in touch with their account provider. If people don’t know their account provider, they can easily locate their Child Trust Fund accounts online by using the “Find my CTF” page on GOV.UK https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

Information on Child Trust Funds is available in HMRC’s Annual Savings Statistics.

https://www.gov.uk/government/statistics/annual-savings-statistics-2024

Emma Reynolds
Economic Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, whether she plans to maintain the current residence nil rate inheritance tax band of £175,000.

I refer the Honourable Member to the answer given to UIN 44920.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, pursuant to the Answer of 2 April 2025 to Question 41176 on Research: Tax Allowances, if she will publish a breakdown of the data provided for (a) error and (b) fraud.

As with other parts of the tax system, the term ‘error and fraud’ includes this full range of behaviours, from mistakes and failure to take reasonable care, through to deliberate non-compliance.

The Government is committed to further enhancing the administration of R&D tax reliefs. To support this, HMRC published a consultation on 26 March to explore widening the use of advance clearances in the reliefs to help further reduce error and fraud, while also improving the customer experience and providing certainty to businesses.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if her Department will take steps to improve the accuracy of (a) identifying and (b) reporting data on fraud as distinct from administrative error.

As with other parts of the tax system, the term ‘error and fraud’ includes this full range of behaviours, from mistakes and failure to take reasonable care, through to deliberate non-compliance.

The Government is committed to further enhancing the administration of R&D tax reliefs. To support this, HMRC published a consultation on 26 March to explore widening the use of advance clearances in the reliefs to help further reduce error and fraud, while also improving the customer experience and providing certainty to businesses.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to help support residents in Fylde constituency with the cost of living.

The Government know increased costs in essential areas such as energy, food, and housing are causing genuine worries and hardship for many people. That is why the Government is prioritising growth so we can boost wages and put more money in people’s pockets.

To support those most in need, we have introduced a Fair Repayment Rate on debt deductions in Universal Credit and extended the Household Support Fund in England, as well as Discretionary Housing Payments in England and Wales.

At recent fiscal events and in the Chancellor’s January growth speech, the Government set out the next steps in delivering our approach for regional growth, spreading growth across the country through investment and reform, including via devolution of funding and powers. This will benefit people across the country, including in the Fylde constituency.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of using household income to levy the High Income Child Benefit Charge.

By withdrawing Child Benefit from high-income parents where the higher earner earns £60,000 or more, the HICBC helps to ensure the sustainability of the public finances and protect our vital public services.

Information on the number of households that have a joint income of over £90,000 that are not subject to the High Income Child Benefit Charge is only available at disproportionate cost.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if she will make an estimate of the number of households that have a joint income of over £90,000 that are not subject to the High Income Child Benefit Charge.

By withdrawing Child Benefit from high-income parents where the higher earner earns £60,000 or more, the HICBC helps to ensure the sustainability of the public finances and protect our vital public services.

Information on the number of households that have a joint income of over £90,000 that are not subject to the High Income Child Benefit Charge is only available at disproportionate cost.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the High Income Child Benefit Charge on (a) single-earner and (b) dual-earner households with similar or higher combined incomes.

By withdrawing Child Benefit from high-income parents where the higher earner earns £60,000 or more, the HICBC helps to ensure the sustainability of the public finances and protect our vital public services.

Information on the number of households that have a joint income of over £90,000 that are not subject to the High Income Child Benefit Charge is only available at disproportionate cost.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of the High Income Child Benefit Charge on people earning just over £50,000 per year.

By withdrawing Child Benefit from high-income parents where the higher earner earns £60,000 or more, the HICBC helps to ensure the sustainability of the public finances and protect our vital public services.

Information on the number of households that have a joint income of over £90,000 that are not subject to the High Income Child Benefit Charge is only available at disproportionate cost.

James Murray
Exchequer Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, what progress she has made on developing a national financial inclusion strategy.

I have convened a Financial Inclusion Committee of industry and consumer representatives to develop the Government’s Financial Inclusion Strategy, which will be published later this year.

The strategy will tackle a range of issues, including access to affordable credit, digital inclusion, and financial capability and education. I am meeting with the Committee in June to discuss potential strategy interventions.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that officials in her Department are adequately trained on potential economic statecraft mechanisms that could be deployed against the UK.

The Government possesses a range of diplomatic, economic, trade and other tools to respond to economic statecraft mechanisms if they are deployed against the UK. We work with the G7 and a range of other close partners to strengthen our joint resilience in ways that uphold the rules-based international economic system.

The UK Government continues to invest in training and capability building for officials in His Majesty’s Treasury to ensure economic security preparedness, including via the College for National Security. The Integrated Security Fund's Economic Deterrence Initiative has funded training and tailored analysis to improve economic security resilience and preparedness across HM Treasury.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing the rate of VAT applicable to beauty and hair salons.

VAT is the UK’s third largest tax. It is forecast to raise £180 billion in 2024/25, which funds public services. VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. Exceptions to the standard rate have always been limited and balanced against affordability considerations.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing VAT on beauty and hair salons.

VAT is the UK’s third largest tax. It is forecast to raise £180 billion in 2024/25, which funds public services. VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. Exceptions to the standard rate have always been limited and balanced against affordability considerations.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of reducing business rates relief for retailers that choose to leave the high street and move their businesses to retail parks.

As set out at Autumn Budget 2024, the Government intends to introduce permanently lower tax rates for all retail, hospitality, and leisure (RHL) properties with rateable values below £500,000 from 2026-27.

The Government intends to fund this by introducing a higher multiplier on all properties with a rateable value (RV) of £500,000 and above.

The rates for any new business rate multipliers will be set at Budget 2025 so that the Government can take into account the upcoming revaluation outcomes as well as the economic and fiscal context.

James Murray
Exchequer Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, whether she has assessed the potential merits of increasing the VAT registration threshold in line with inflation.

At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This means the majority of UK businesses are kept out of the VAT system.

James Murray
Exchequer Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what steps she has taken to increase economic growth in cities outside of London.

We have made clear the importance of investing in major city regions outside London and the South East - bringing the productivity of major city regions like Greater Manchester, the West Midlands, and West Yorkshire just to the national average would deliver an extra £33bn in economic output.

The government revealed at Autumn Budget an over £100 billion increase in departmental capital investment over the next five years compared to plans the government inherited.

We have also announced: a new approach to regional investment between the OFI and the NWF; the launch of a review into the Green Book and its application to supporting place-based objectives; the launch of a taskforce on devolution in Greater Manchester to then be rolled out elsewhere; and put £240m towards 16 trailblazers, including one in every MCA, to tackle the root causes of inactivity.

We have committed to funding for local leaders to unleash their areas’ untapped potential with over £1 billion for the North to improve the transport services people use every day – backing regional mayors and ensuring decisions about the North sit with those who call it home. This comes alongside £270 million investment in bus services and £330 million in road maintenance across the North.

From the start of the next financial year (2025-26) Greater Manchester Combined Authority (GMCA) will receive integrated funding settlements worth over £630m. This will give the Mayor meaningful control over funding and improve the fragmented funding landscape for Mayoral Combined Authorities (MCAs) with a flexible single pot, empowering them to drive local growth and invest in local priorities.

Trafford Council will also receive the +2.5% bespoke additional council tax referendum principles agreed to in their 2025-26 settlement.

Further, in recognition of Barrow’s vital role in upholding our national security, the town will receive £200m of government investment through the Barrow Transformation Fund.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to increase economic growth in the North West; what the barriers are to investment in that region; and what strategies are in place to enable growth.

We have made clear the importance of investing in major city regions outside London and the South East - bringing the productivity of major city regions like Greater Manchester, the West Midlands, and West Yorkshire just to the national average would deliver an extra £33bn in economic output.

The government revealed at Autumn Budget an over £100 billion increase in departmental capital investment over the next five years compared to plans the government inherited.

We have also announced: a new approach to regional investment between the OFI and the NWF; the launch of a review into the Green Book and its application to supporting place-based objectives; the launch of a taskforce on devolution in Greater Manchester to then be rolled out elsewhere; and put £240m towards 16 trailblazers, including one in every MCA, to tackle the root causes of inactivity.

We have committed to funding for local leaders to unleash their areas’ untapped potential with over £1 billion for the North to improve the transport services people use every day – backing regional mayors and ensuring decisions about the North sit with those who call it home. This comes alongside £270 million investment in bus services and £330 million in road maintenance across the North.

From the start of the next financial year (2025-26) Greater Manchester Combined Authority (GMCA) will receive integrated funding settlements worth over £630m. This will give the Mayor meaningful control over funding and improve the fragmented funding landscape for Mayoral Combined Authorities (MCAs) with a flexible single pot, empowering them to drive local growth and invest in local priorities.

Trafford Council will also receive the +2.5% bespoke additional council tax referendum principles agreed to in their 2025-26 settlement.

Further, in recognition of Barrow’s vital role in upholding our national security, the town will receive £200m of government investment through the Barrow Transformation Fund.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if she will take steps with Cabinet colleagues to (a) increase economic growth and (b) encourage investment in (i) Manchester and (ii) the North West.

We have made clear the importance of investing in major city regions outside London and the South East - bringing the productivity of major city regions like Greater Manchester, the West Midlands, and West Yorkshire just to the national average would deliver an extra £33bn in economic output.

The government revealed at Autumn Budget an over £100 billion increase in departmental capital investment over the next five years compared to plans the government inherited.

We have also announced: a new approach to regional investment between the OFI and the NWF; the launch of a review into the Green Book and its application to supporting place-based objectives; the launch of a taskforce on devolution in Greater Manchester to then be rolled out elsewhere; and put £240m towards 16 trailblazers, including one in every MCA, to tackle the root causes of inactivity.

We have committed to funding for local leaders to unleash their areas’ untapped potential with over £1 billion for the North to improve the transport services people use every day – backing regional mayors and ensuring decisions about the North sit with those who call it home. This comes alongside £270 million investment in bus services and £330 million in road maintenance across the North.

From the start of the next financial year (2025-26) Greater Manchester Combined Authority (GMCA) will receive integrated funding settlements worth over £630m. This will give the Mayor meaningful control over funding and improve the fragmented funding landscape for Mayoral Combined Authorities (MCAs) with a flexible single pot, empowering them to drive local growth and invest in local priorities.

Trafford Council will also receive the +2.5% bespoke additional council tax referendum principles agreed to in their 2025-26 settlement.

Further, in recognition of Barrow’s vital role in upholding our national security, the town will receive £200m of government investment through the Barrow Transformation Fund.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that banks apply case-by-case assessments to banking services for (a) crypto asset businesses and (b) their customers; and whether she plans to have discussions with (i) the industry and (ii) regulators on crypto-related banking practices.

The Government recognises that access to banking services is critical for operating a business, and is a matter of concern for certain sectors in particular such as the digital asset industry.

The Government continues to engage with the banking sector and affected industries, as well as the regulator, to better understand the existing and emerging issues in this area.

The Government also welcomes the Financial Conduct Authority’s (FCA) work to date on the factors leading banks to reject or close bank accounts. Where the FCA has found areas where firms need to improve customer outcomes, the Government expects firms to consider the FCA’s findings and act accordingly.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, what budget her Department has allocated to public sector pay rises for 2025-26 and 2026-27.

Public Sector pay rises will be funded from Departmental Budgets across the Parliament – there is no centrally provided funding available for pay rises.

Departments have set out in their evidence to the Pay Review Bodies (PRBs) what is affordable for 2025-26 pay awards for their workforces. Departmental budgets for 2026-27 onwards are subject to the ongoing Spending Review.

Darren Jones
Chief Secretary to the Treasury
14th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking with Cabinet colleagues to increase funding for emergency services.

The Government is committed to supporting our vital emergency services.

That is why in 2025/26 we have increased health spending by £22.6 billion relative to 2023/24, policing funding by £1.1 billion and standalone Fire and Rescue Authorities by £65.5 million compared to 2024/25.

Funding settlements for emergency services over the next three years will be set out in June’s Spending Review.

Darren Jones
Chief Secretary to the Treasury
14th May 2025
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of pension reforms on economic growth.

The government is committed to reforming our pensions landscape to increase returns for savers and boost growth for Britain. This is a journey the industry is already on. Last week, 17 workplace pension providers signed the Mansion House Accord, pledging to invest 10% of their main default funds in private assets, such as infrastructure, by 2030. At least 5% will be for UK assets, which could unlock over £25bn of new UK investment in key sectors.

Torsten Bell
Parliamentary Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking through the tax system to support the hospitality sector.

The hospitality sector plays a vital role in the UK economy, providing jobs and supporting local high streets and communities.

That is why the government announced a range of measures at Autumn Budget to support businesses, including those in the hospitality sector. These include:

  • Extending the retail, hospitality and leisure (RHL) business rate relief for one year at 40% (up to a cash cap of £110,000 per business). This will benefit over 250,000 properties.
  • Freezing the small business multiplier (applied to properties with a rateable value below £51,000) for 2025-26. Taken together with Small Business Rate Relief (SBRR), over a million properties will be protected from inflationary bill increases.
  • Protecting the smallest employers, many of whom are in the hospitality sector, by increasing the Employment Allowance to £10,500.
  • Cutting duty on qualifying draught products – approximately 60% of alcoholic drinks sold in pubs – to cut 1p off the duty on an average strength pint.
  • In addition, the Corporate Tax Roadmap provides the stability needed by businesses to make investments.

We keep all taxes under review and continue to explore ways to support the UK’s vital hospitality sector.

James Murray
Exchequer Secretary (HM Treasury)
9th May 2025
To ask the Chancellor of the Exchequer, what proportion of (a) income tax, (b) VAT and (c) National Insurance revenue was generated by non-UK nationals in the last 10 years; and what information her Department holds on the proportion of public spending on non-UK nationals in the last 10 years.

HMRC previously published Income Tax, NICs, tax credits and Child Benefit statistics for non-UK nationals. This release was discontinued in 2023 following user consultation.

HMRC currently publish UK payrolled employments by nationality, region, industry, age and sex.

The nationality of the final consumer of goods and services does not appear on VAT returns.

James Murray
Exchequer Secretary (HM Treasury)
9th May 2025
To ask the Chancellor of the Exchequer, what support is available for businesses awaiting admission to the UK Internal Market Scheme.

The UK Internal Market Scheme (UKIMS) was launched in June 2023, allowing businesses across the United Kingdom to apply, and HMRC has successfully encouraged over 10,000 traders to get authorised.

HMRC is required to take a decision regarding the outcome of a UKIMS application within 120 days. Applications are typically processed with an average turnaround time of 12 to 15 working days. HMRC must undertake a range of checks to verify eligibility for the scheme and, in certain cases, seek further information from businesses.

More guidance can be found on gov.uk at:

https://www.gov.uk/guidance/apply-for-authorisation-for-the-uk-internal-market-scheme-if-you-bring-goods-into-northern-ireland

https://www.gov.uk/guidance/check-if-you-can-declare-goods-you-bring-into-northern-ireland-not-at-risk-of-moving-to-the-eu

James Murray
Exchequer Secretary (HM Treasury)
9th May 2025
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the time taken to process business applications to join the UK Internal Market Scheme.

The UK Internal Market Scheme (UKIMS) was launched in June 2023, allowing businesses across the United Kingdom to apply, and HMRC has successfully encouraged over 10,000 traders to get authorised.

HMRC is required to take a decision regarding the outcome of a UKIMS application within 120 days. Applications are typically processed with an average turnaround time of 12 to 15 working days. HMRC must undertake a range of checks to verify eligibility for the scheme and, in certain cases, seek further information from businesses.

More guidance can be found on gov.uk at:

https://www.gov.uk/guidance/apply-for-authorisation-for-the-uk-internal-market-scheme-if-you-bring-goods-into-northern-ireland

https://www.gov.uk/guidance/check-if-you-can-declare-goods-you-bring-into-northern-ireland-not-at-risk-of-moving-to-the-eu

James Murray
Exchequer Secretary (HM Treasury)
9th May 2025
To ask the Chancellor of the Exchequer, whether she is taking steps to improve processing time for applications to join the UK Internal Market Scheme.

The UK Internal Market Scheme (UKIMS) was launched in June 2023, allowing businesses across the United Kingdom to apply, and HMRC has successfully encouraged over 10,000 traders to get authorised.

HMRC is required to take a decision regarding the outcome of a UKIMS application within 120 days. Applications are typically processed with an average turnaround time of 12 to 15 working days. HMRC must undertake a range of checks to verify eligibility for the scheme and, in certain cases, seek further information from businesses.

More guidance can be found on gov.uk at:

https://www.gov.uk/guidance/apply-for-authorisation-for-the-uk-internal-market-scheme-if-you-bring-goods-into-northern-ireland

https://www.gov.uk/guidance/check-if-you-can-declare-goods-you-bring-into-northern-ireland-not-at-risk-of-moving-to-the-eu

James Murray
Exchequer Secretary (HM Treasury)
9th May 2025
To ask the Chancellor of the Exchequer, how many non-domiciled residents have left the UK since 5 July 2024.

The number of non-domiciled residents who have left the UK since 5 July 2024 is not held currently.

The official statistics on non-domiciled taxpayers is the UK are published here:

https://www.gov.uk/government/statistics/statistics-on-non-domiciled-taxpayers-in-the-uk

James Murray
Exchequer Secretary (HM Treasury)
6th May 2025
To ask His Majesty's Government how tax relief through independent savings accounts allowing investment overseas contributes to (1) the UK economy, or (2) the growth agenda.

The Government is committed to incentivising greater saving and investment, to help people save for their future goals and build greater financial resilience. The Government offers a generous tax treatment on Individual Savings Accounts (ISAs) to support people of all incomes and at all stages of life to save.

Individuals can currently save or invest up to £20,000 per year in an ISA, with all income and gains received in the wrapper received tax-free.

The Financial Services Growth & Competitiveness Strategy Call for Evidence, which closed on 12 December, asked how increasing retail participation in capital markets could support long-term sustainable growth within the sector and the wider economy. The call for evidence welcomed further evidence on how to improve consumer engagement with investing, and the Government is considering the feedback provided.

The Government is looking at options for reforms to ISAs that get the balance right between cash and equities to earn better returns for savers, boost the culture of retail investment, and support the growth mission.

The Government keeps all aspects of tax and savings policy under review.

Lord Livermore
Financial Secretary (HM Treasury)
7th May 2025
To ask His Majesty's Government what assessment they have made of the impact of changes to employer National Insurance contributions on charities working in the social care and special education sectors; and what steps, if any, they are taking to reduce that impact.

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy, and the impacts on individuals, businesses, and civil society organisations, as well as an overview of the equality impacts.

The Government is making available up to £3.7 billion of additional funding for social care authorities in 2025/26, which includes a £880 million increase in the Social Care Grant. This represents an increase to local government spending power of up to 6.8% in cash terms.

The Government increased funding for the core schools budget by £2.3 billion, increasing per pupil funding in real terms, in 2025-26. £1 billion of this funding will go towards supporting the special educational needs and disabilities (SEND) system.

The Government also provides support for charities via our tax regime, which is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Lord Livermore
Financial Secretary (HM Treasury)
12th May 2025
To ask His Majesty's Government what assessment they have made of the impact of changes to employer National Insurance contributions on charities working in the social care and special education sectors; and what steps, if any, they are taking to reduce that impact.

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy, and the impacts on individuals, businesses, and civil society organisations, as well as an overview of the equality impacts.

The Government is making available up to £3.7 billion of additional funding for social care authorities in 2025/26, which includes a £880 million increase in the Social Care Grant. This represents an increase to local government spending power of up to 6.8% in cash terms.

The Government increased funding for the core schools budget by £2.3 billion, increasing per pupil funding in real terms, in 2025-26. £1 billion of this funding will go towards supporting the special educational needs and disabilities (SEND) system.

The Government also provides support for charities via our tax regime, which is among the most generous of anywhere in the world, with tax reliefs for charities and their donors worth just over £6 billion for the tax year to April 2024.

Lord Livermore
Financial Secretary (HM Treasury)
7th May 2025
To ask His Majesty's Government what assessment they have made of the impact of bank branch closures on small businesses.

The Government understands the importance of face-to-face banking to communities and businesses, and is committed to championing sufficient access for all as a priority.

That is why the Government is working closely with industry to roll out 350 banking hubs across the UK. The UK banking sector has committed to deliver these hubs by the end of this Parliament. Over 220 hubs have been announced so far, and over 150 are already open.

Cash Access UK, who oversee the rollout of banking hubs, reported from their research in Brixham (Devon) and Rochford (Essex), in October 2024 that spend on the high street is 71% higher amongst those who have visited the banking hub. Almost half (47%) of businesses surveyed said they have experienced an increase in footfall thanks to the banking hub.

In addition, Financial Conduct Authority (FCA) guidance expects firms to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and put in place alternatives where reasonable. This seeks to ensure that branch closures are implemented in a way that treats customers, including business customers, fairly. Where firms fall short of expectations, the FCA may ask for closures to be paused or other options to be put in place.

Lord Livermore
Financial Secretary (HM Treasury)
14th May 2025
To ask the Chancellor of the Exchequer, if she will add an option to specify national identity as British to the online Self-Assessment tax return.

HMRC collects data for Self Assessment returns in compliance with General Data Protection Regulation (GDPR). These rules ensure that data we collect is adequate, relevant, and limited to what is necessary. National identity is not needed for processing Self Assessment.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what recent estimate her Department has made of the number of homeowners who are unable to switch to a cheaper mortgage due to changes in the (a) lending regulations and (b) policies of their current lender.

According to the Financial Conduct Authority (FCA), the vast majority of borrowers switch within 6 months of the end of an introductory deal. However, the Government understands the challenges facing mortgage borrowers that struggle to switch to new loans. These borrowers are predominantly with closed book mortgage providers. Correspondence from the FCA to the Treasury Select Committee has shown that the number of borrowers with closed book mortgage providers have consistently declined since 2021.

There are significant measures in place to protect vulnerable mortgage borrowers across the mortgage market. FCA rules require lenders to engage individually with their customers who are struggling or who are worried about their payments in order to provide tailored support. Closed book lenders must also comply with the FCA’s Consumer Duty, which ensures firms prioritise fair treatment and good outcomes for their customers.

Emma Reynolds
Economic Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what steps her Department is taking to support people in switching to more affordable mortgage products.

According to the Financial Conduct Authority (FCA), the vast majority of borrowers switch within 6 months of the end of an introductory deal. However, the Government understands the challenges facing mortgage borrowers that struggle to switch to new loans. These borrowers are predominantly with closed book mortgage providers. Correspondence from the FCA to the Treasury Select Committee has shown that the number of borrowers with closed book mortgage providers have consistently declined since 2021.

There are significant measures in place to protect vulnerable mortgage borrowers across the mortgage market. FCA rules require lenders to engage individually with their customers who are struggling or who are worried about their payments in order to provide tailored support. Closed book lenders must also comply with the FCA’s Consumer Duty, which ensures firms prioritise fair treatment and good outcomes for their customers.

Emma Reynolds
Economic Secretary (HM Treasury)
12th May 2025
To ask the Chancellor of the Exchequer, if they will make it their policy to not provide (a) translation and (b) interpretation for speakers of non-UK languages for services provided by their Department.

Language service needs and spend are assessed to ensure these services offer good value for money for taxpayers while maintaining high standards of service delivery.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, what steps she is taking to increase the number of apprenticeship starts in her Department.

As of January 2025, 6.9% of staff in the department are currently on an apprenticeship, which is above our target of 5%. To maintain and build on this, we continue to take the following steps:

  • All Administrative Officer (AO) and Executive Officer (EO) recruitment is considered for a Level 4 Business Administration apprenticeship, ensuring that new entrants have the opportunity to develop their skills through apprenticeship routes.
  • We participate annually in the Government Economic Service Degree Apprenticeship Programme (GESDAP) and actively advertise this opportunity across the department to encourage uptake.
  • We continue to offer a wide variety of apprenticeships in areas such as finance, management, and data science, ensuring a broad range of opportunities for staff to develop their skills and progress their careers.
  • Subject to a new approach to Apprenticeships which we anticipate from Skills England, we plan to review our current offering to focus on how we use a range of Apprenticeships to attract candidates and develop the skills of the future.

Through these measures, the department remains committed to supporting staff development and increasing apprenticeship opportunities.

James Murray
Exchequer Secretary (HM Treasury)
13th May 2025
To ask the Chancellor of the Exchequer, whether her Department plans to change rules for Cash ISAs.

The Government is committed to incentivising greater savings and investment. The Government recognises the important role that cash savings play in helping households build a financial buffer for a rainy day.

At Spring Statement, the Government announced that it is looking at options for reforms to Individual Savings Accounts that get the balance right between cash and equities to earn better returns for savers, boost the culture of retail investment, and support the growth mission.

Emma Reynolds
Economic Secretary (HM Treasury)