Sarah McCarthy-Fry: The aggregates levy is a tax on the commercial exploitation of primary aggregates (sand, rock, gravel) in the UK. There is no specific relief for aggregates used in the construction of wind farms.
Sarah McCarthy-Fry: UK Financial Investments manages the Government's holdings in financial institutions at arm's length and on a commercial basis. In line with its role as a shareholder, UKFI requests only information necessary to achieve its objective as set in its Framework Document and Investment Mandate. The Government believe that these arrangements are vital to ensure that the taxpayer receives value for...
Sarah McCarthy-Fry: Budget 2010 set out that: "At current market prices the cost of the financial sector interventions net of fees and other income would total £6 billion" (Financial Statement and Budget Report 2010, p213). Details of the derivation of this figure are given in the text on pages 213 and 214.
Sarah McCarthy-Fry: holding answer 30 March 2010 Under the Credit Guarantee Scheme, HM Treasury uses foreign exchange derivatives to hedge fee income received for debt issued in foreign currencies. HM Treasury does not incur explicit expenditure on these transactions; any fees charged for the use of these derivatives would be reflected in the level of the foreign exchange gain received. HM Treasury reports on...
Sarah McCarthy-Fry: The Green Investment Bank (GIB) will specifically address the risk of an emerging gap in the provision of equity capital to large, complex infrastructure projects within the next few years. It is likely the initial focus of the GIB will be on offshore wind generation. However, it will also consider the case for investing in other infrastructure as appropriate as investment needs arise....
Sarah McCarthy-Fry: A reply has been sent to the hon. Member.