Results 101–120 of 3326 for speaker:Sarah McCarthy-Fry

Written Ministerial Statements — Treasury: Terrorist Asset-Freezing (18 Mar 2010)

Sarah McCarthy-Fry: Following the decision of the Supreme Court quashing the Terrorism (United Nations Measures) Order 2006, and its indication that the Terrorism (United Nations Measures) Order 2009 was vulnerable to being quashed on the same basis as the 2006 Order, Parliament passed the Asset-Freezing (Temporary Provisions) Act 2010 in February. The Act restores the validity in law of the UK's terrorist...

Written Answers — Treasury: Business: Government Assistance (17 Mar 2010)

Sarah McCarthy-Fry: The value to UK industry of capital allowances arises from the tax relief given against profits from specific capital allowances on investment. As set out in the 2009 pre-Budget report, the latest estimate of the value of the relief is £21,100 million for 2009-10: http://www.hm-treasury.gov.uk/d/pbr09_taxreadyreckoner.pdf

Written Answers — Treasury: Taxation: Gaming Machines (17 Mar 2010)

Sarah McCarthy-Fry: HM Revenue and Customs (HMRC) does not hold information on the nature of the businesses in which gaming machines are located as this information is not necessary for the administration of Amusement Machine Licence Duty (AMLD). Treasury Ministers meet with, and receive representations from, a wide range of organisations and individuals in the public and private sectors as part of the usual...

Written Answers — Treasury: Trade Unions (17 Mar 2010)

Sarah McCarthy-Fry: HM Treasury has one member of staff, grade 7, who spends 0.60 (FTE) of time working as a trade union official. As fewer than five staff are employed to work as union officials it is not HM Treasury policy to provide salary information that could be attributed to an individual. As already released in a Freedom of Information Request of 25 September 2009, staff of HM Revenue and Customs spent...

Written Ministerial Statements — Treasury: Turks and Caicos Islands (Counter-Terrorism) (17 Mar 2010)

Sarah McCarthy-Fry: An Order in Council in respect of the Turks and Caicos Islands has been made today. It comes into force on 18 March 2010. The Order in Council provides new powers for the Governor of the Turks and Caicos Islands to implement a graduated range of financial restrictions in response to certain risks to the interests of the Turks and Caicos Islands or the United Kingdom. The risks it addresses...

Opposition Day — [6(th) Allotted Day]: Equitable Life (16 Mar 2010)

Sarah McCarthy-Fry: I thank all Members for their interesting and passionate contributions to this debate. I think that we are all agreed on one thing-the need to resolve this important issue quickly and fairly. I believe that we have been making good progress. Sir John's recent interim report represents a significant step towards resolving the issue and, as the Chief Secretary said, he will submit his final...

Opposition Day — [6(th) Allotted Day]: Equitable Life (16 Mar 2010)

Sarah McCarthy-Fry: The hon. and learned Gentleman will be aware that we have received interim reports from Sir John during this process. [ Interruption. ] I believe that he just said that we have already seen the draft final report-I can assure him that that is absolutely not the case. The hon. and learned Member for Harborough (Mr. Garnier) and the hon. Members for Shrewsbury and Atcham and for Banbury (Tony...

Opposition Day — [6(th) Allotted Day]: Equitable Life (16 Mar 2010)

Sarah McCarthy-Fry: Exactly. As my hon. Friend suggests, Sir John's approach is already different from that of the ombudsman. Her approach was based on the scrutiny of individual cases, coupled with the requirement to prove that policyholders had relied on regulatory returns. Sir John has taken a flexible approach that already differs from that approach. The hon. and learned Member for Harborough and the hon....

Oral Answers to Questions — Treasury: Crown Estate Commissioners (16 Mar 2010)

Sarah McCarthy-Fry: The Crown Estate has delivered good financial returns over the past 10 years, with capital up 66 per cent. and revenue paid to the Exchequer up 70 per cent., reaching £226 million in the last full financial year. Over the past 10 years, the value of the portfolio has increased by £2.3 billion and the Crown Estate has paid a total of £1.8 billion to the Exchequer.

Oral Answers to Questions — Treasury: Crown Estate Commissioners (16 Mar 2010)

Sarah McCarthy-Fry: I have to disagree with the hon. Gentleman; I do not think that the Crown Estate is a hindrance. I have had it from the Crown Estate that it wishes to be involved in that process and recognises the importance of the sea bed around Scotland. I am having a meeting with the Crown Estate commissioners in the next couple of weeks and I intend to take various issues to that meeting, including the...

Oral Answers to Questions — Treasury: Crown Estate Commissioners (16 Mar 2010)

Sarah McCarthy-Fry: I certainly agree with my hon. Friend that there are frustrating Conservative councils. If the Crown Estate is involved in that decision, I will be more than happy to raise it at my meeting.

Oral Answers to Questions — Treasury: Capital Allowances (16 Mar 2010)

Sarah McCarthy-Fry: We receive representations from a number of public and private sector organisations as part of our policy development and delivery. More than 500,000 businesses that invest are able to claim tax relief on their qualifying investment expenditure under the capital allowances regime. In 2010-11, it is estimated that £62 billion of capital expenditure investment will be made and supported by...

Oral Answers to Questions — Treasury: Capital Allowances (16 Mar 2010)

Sarah McCarthy-Fry: I assure my hon. Friend that we believe that investment is crucial for the UK economy's long-term success. That is why we acted to support business investment during the recession by temporarily doubling the main rate of capital allowance. We support capital allowances-unlike the Opposition, who wish to cut allowances for investment.

Oral Answers to Questions — Treasury: Topical Questions (16 Mar 2010)

Sarah McCarthy-Fry: I do not want to pre-empt any announcements that will be made by my right hon. Friend the Chancellor in the Budget next week. We recognise that alcohol duties play an important part in fiscal consolidation, but we also recognise that the alcohol industry creates many jobs. We will get that balance right.

Oral Answers to Questions — Treasury: Topical Questions (16 Mar 2010)

Sarah McCarthy-Fry: We certainly wish to assist in the development of fields where it is more difficult to get out the natural resources, not only for the security of supply for the UK but for the benefit of the whole economy. I do not have the exact figure to hand, but I will be more than happy to write to my hon. Friend.

Written Answers — Treasury: Government Debt (16 Mar 2010)

Sarah McCarthy-Fry: Treasury Ministers and officials receive representations from a wide variety of organisations. It is not the Government's practice to provide details of such representations. The 2009 pre-Budget report set out the Government's plans to ensure the sustainability of the public finances, and the Fiscal Responsibility Act has enshrined these plans in legislation. The Chancellor will provide an...

Written Answers — Treasury: Fuel Duty (16 Mar 2010)

Sarah McCarthy-Fry: The Chancellor of the Exchequer takes a range of factors into consideration when contemplating rates of excise duty on road fuels. These include fiscal, economic, social and environmental considerations. In the medium term, sound public finances are essential in order to protect stability, employment and growth for all UK residents, including motorists. It is for this reason that at Budget...

Written Answers — Treasury: Interest Rates (16 Mar 2010)

Sarah McCarthy-Fry: The Government seek to support savings and asset ownership for all across the life cycle-from childhood, through working life and into retirement. The Government recognise that low interest rates, while benefiting many people with mortgages, have meant that savers have seen their return from savings fall. At Budget 2009 the Government announced a package of measures to help savers. This...

Written Answers — Treasury: Manufacturing (16 Mar 2010)

Sarah McCarthy-Fry: Manufacturing is a key part of the economy, accounting for over 13 per cent. of output and over 50 per cent. of exports. In common with other economies, UK manufacturers were hit hard by the global recession. However, manufacturing output grew by 0.8 per cent. in the last quarter of 2009 and private business surveys suggest that the outlook for manufacturing continues to improve.

Written Answers — Treasury: Taxation: Pensions (16 Mar 2010)

Sarah McCarthy-Fry: The Government introduced a simplified regime for the taxation of pensions with effect from "A-day" ( 6 April 2006), and their approach to the taxation of pensions is set out in Finance Act 2004 and in subsequent legislation. Budget 2009 announced that from April 2011 tax relief on pension contributions would be restricted for those with incomes of £150,000 and over, and a consultation on...


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