Sajid Javid: I agree. All scheme members, one way or the other, should receive annual information. That is the type of amendment we will table in the other place. However, there are different types of members of schemes, such as deferred members and active members. That needs to be taken into account when they receive that information.
Sajid Javid: I thank the hon. Gentleman for the question. We will come to a related issue later, which may be a better point at which to discuss that. We had a robust discussion of new clause 3. The Government have set out their commitment to retaining the fair deal, but reforming it. Staff who are transferred from the public sector to an independent provider will be provided with continued access to the...
Sajid Javid: By the end of November, HM Revenue and Customs estimates that approximately 750,620 letters will have been received by households in the UK. The number of letters received by region and by constituency will be deposited in the Library of the House.
Sajid Javid: The Government is addressing climate change through both taxation and spending. It has spent £3 billion funding the Green Investment Bank, pledged £1 billion to the demonstration of carbon capture and storage and funded the Renewable Heat Incentive, as well as providing £2.9 billion of international climate finance through the ICF from April 2011 to March 2015. Further the climate change...
Sajid Javid: Historic rates of air passenger duty can be found online here: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDuty Bulletins.aspx
Sajid Javid: All aviation fuel duty has been frozen since March 2011. The duty payable on aviation fuel depends on the type of fuel and the purpose of use. No duty is payable on any fuel used for international flights. Aviation turbine fuel used in private pleasure flying in turbine powered aircraft is subject to duty at the same rate as road diesel at 57.95p per litre. Aviation gasoline used in piston...
Sajid Javid: Information on historic fuel duty rates by fuel type is published in table 8 of the UK Trade Info Hydrocarbon Oils Bulletin at: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDuty bulletins.aspx The table shows that the main petrol duty rate rose by 16.91 pence per litre between 1997 and May 2010, and by 0.76 pence per litre between May 2010 and now. The Government has cut fuel duty,...
Sajid Javid: A Financial Inclusion Taskforce was established in 2005 to monitor and evaluate the Government's financial inclusion strategy. The taskforce was allocated £3 million from the Financial inclusion Fund for the period 2005-07, and £2 million for 2008-11. The. Financial Inclusion Fund was allocated £120 million for the period 2005-07. The Treasury Select Committee Report: ‘Financial...
Sajid Javid: The Office for Budget Responsibility (OBR) is responsible for producing independent economic and fiscal forecasts. In September 2010, the OBR published a working paper, ‘Assessment of the Effect of Oil Price Fluctuations on the Public Finances’. This analysis by the OBR suggests that a 20% increase in the price of oil reduces actual output by approximately 0.2% compared to a baseline...
Sajid Javid: A total of £1,083,537.55 was received by the Government as gifts to the nation in the financial year 2010-11. Of this at least £1,081,311.84 was received from the estates of deceased persons, and £54,634.36 was received as bequests for the reduction of the national debt.
Sajid Javid: The Government is committed to supporting people, especially in low income and vulnerable households, to heat their homes more affordably. The Government has a range of policies to address fuel poverty and help people with their bills, including Warm Front, the Carbon Emissions Reduction Target, Community Energy Saving Programme, warm home discount, winter fuel payments and cold weather...
Sajid Javid: I have been asked to reply on behalf of the Treasury. This is a matter for the Financial Services Authority (FSA), whose day-to-day operations are independent from government control and influence. This question has been passed on to the FSA, which will reply to the hon. Member directly by letter, A copy of the response will be placed in the Library of the House.
Sajid Javid: The Local Growth White Paper established the Government's approach to promoting local growth in England. Returning the UK economy to sustainable economic growth that is more balanced across the UK and sectors is a key priority. The Government are supporting growth in England's regions by allocating £2.4 billion of investment through the Regional Growth Fund; providing £730 million to endow...
Sajid Javid: The Government undertook an extensive consultation on air passenger duty last year. The consultation gathered views and evidence from stakeholders, which included views on the affect of APD. Over 500 responses were received from a wide range of stakeholders, including from airports, businesses, and consumers. The Government published its response to the consultation, including a summary of...
Sajid Javid: Motorists on the Scottish islands and the Islands of Scilly are benefiting from the 5p per litre discount on pump prices since the Government introduced the rural fuel rebate pilot scheme earlier this year. The Government will consider whether to seek EU approval for an extension of the scheme to other remote parts of the UK that are likely to display similar characteristics to the islands.
Sajid Javid: I have been asked to reply on behalf of the Treasury. I refer the hon. Member to the answer given on 19 November 2012, Official Report, column 305W.
Sajid Javid: Treasury Ministers and official have discussions with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. The cross-Government Alcohol Strategy was published in March 2012. This included a commitment to introduce a minimum unit price for alcohol alongside other key measures to reduce the harm caused by excessive alcohol...
Sajid Javid: Treasury Ministers and officials have meetings and discussions with a wide variety of authorities as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government’s practice to provide details of all such meetings and discussions.
Treasury Sub Committee: Money Advice Service.
Witnesses: Sajid Javid MP, Economic Secretary to the Treasury and Alison Cottrell, Director of Financial Services, HM Treasury
Sajid Javid: It is a pleasure to serve under your chairmanship, Mr Amess. I thank the right hon. Member for Kingston upon Hull West and Hessle (Alan Johnson) for securing the debate and for taking a thoughtful and constructive approach to an important issue. I also thank the other hon. Members who spoke: the hon. Members for Kingston upon Hull North (Diana Johnson), for Great Grimsby (Austin Mitchell)...