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My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also...
My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also...
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also publishing some new consultations and a number of responses to consultations on tax policy which have concluded.
The...
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also publishing some new consultations and a number of responses to consultations on tax policy which have concluded.
The...
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of extending 0% VAT relief to clean heating technologies such as heat batteries, including on initial costs, the number of households adopting low-carbon heating systems, and the level of exposure to changes in gas...
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of extending 0% VAT relief to clean heating technologies such as heat batteries, including on initial costs, the number of households adopting low-carbon heating systems, and the level of exposure to changes in gas...
The Government is supporting heat batteries by including them in the Boiler Upgrade Scheme, with a ÂŁ2,500 grant to support homes that are not suitable for heat pumps. Heat batteries will become eligible once new product and installation standards are in place, ensuring quality and consumer protection and we expect applications to open in 2026/27, once standards, regulations and guidance have been completed.
Installations of qualifying energy-saving materials (ESMs) in residential accommodation and buildings used solely for a charitable purpose benefit from a temporary VAT zero rate until March 2027, after which they will revert to the reduced rate of VAT at five per cent.
The Government assesses whether to add ESMs to this relief by evaluating them against the following tests: the primary purpose of the technology must be to improve energy efficiency and reduce carbon emissions; relieving the technology of VAT must be a cost effective lever for encouraging installations; and it must be practical for business to operate and for HMRC to administer.
Lords statement on the Government's economic response to the war in Iran and actions to support families and businesses with rising costs.
Lords statement on the Government's economic response to the war in Iran and actions to support families and businesses with rising costs.
My Lords, it is a pleasure to return to the House after such a sunny break and to be able to review calmly the Chancellor’s Statement of 21 May.
It was not a major package. It was a collection of small measures, welcomed by some people as far as it went....
My Lords, it is a pleasure to return to the House after such a sunny break and to be able to review calmly the Chancellor’s Statement of 21 May.
It was not a major package. It was a collection of small measures, welcomed by some people as far as it went....
My Lords, till sales at UK supermarkets slowed to growth of just 0.2% in the three weeks to mid-May. Families do not know how they will cope with higher fuel costs, higher council tax and expected inflation. I am sure the Minister will tell us that the Government have tried...
My Lords, till sales at UK supermarkets slowed to growth of just 0.2% in the three weeks to mid-May. Families do not know how they will cope with higher fuel costs, higher council tax and expected inflation. I am sure the Minister will tell us that the Government have tried...
I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their comments and questions. The noble Baroness, Lady Neville-Rolfe, ended her remarks with her usual doom and gloom and talking down the British economy. Unfortunately, she did not mention any of the positive economic news that...
I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their comments and questions. The noble Baroness, Lady Neville-Rolfe, ended her remarks with her usual doom and gloom and talking down the British economy. Unfortunately, she did not mention any of the positive economic news that...
My Lords, the Minister will remember—at least I think he will remember—that, after 1945, the best brains of Britain, America and some other countries got together to rebuild the entire financial stability and structure of international institutions on the rubble of the Second World War. Today, nearly all those institutions...
My Lords, the Minister will remember—at least I think he will remember—that, after 1945, the best brains of Britain, America and some other countries got together to rebuild the entire financial stability and structure of international institutions on the rubble of the Second World War. Today, nearly all those institutions...
I do not personally remember 1945, although I have read about it. The noble Lord is absolutely right on the importance of international institutions. The G7 has been a very important institution in this crisis and in previous crises, and the Government are fully committed to the G7, in particular,...
I do not personally remember 1945, although I have read about it. The noble Lord is absolutely right on the importance of international institutions. The G7 has been a very important institution in this crisis and in previous crises, and the Government are fully committed to the G7, in particular,...
I am grateful to my noble friend for what he said. I will certainly look up the speech and programme that he mentions, and will recommend it to my colleagues in the Department for Work and Pensions as they work with Alan Milburn on his review. As all noble Lords...
I am grateful to my noble friend for what he said. I will certainly look up the speech and programme that he mentions, and will recommend it to my colleagues in the Department for Work and Pensions as they work with Alan Milburn on his review. As all noble Lords...
What are the Government doing about small nuclear plants?
What are the Government doing about small nuclear plants?
Does the noble and learned Baroness mean small nuclear reactors?
Does the noble and learned Baroness mean small nuclear reactors?
Yes.
Yes.
The deal to introduce the first of its kind has been signed with Rolls-Royce, and it is going to be located in north Wales. I think this is incredibly exciting technology and we want to see more of it. We want to see more private sector investment in this technology...
The deal to introduce the first of its kind has been signed with Rolls-Royce, and it is going to be located in north Wales. I think this is incredibly exciting technology and we want to see more of it. We want to see more private sector investment in this technology...
My Lords, we do indeed have a great country, as the noble Lord said, and we should not be talking it down. But, that said, we should be having proper policy conversations. GDP growth by itself gets us nowhere. If we want to know about prosperity and real value for...
My Lords, we do indeed have a great country, as the noble Lord said, and we should not be talking it down. But, that said, we should be having proper policy conversations. GDP growth by itself gets us nowhere. If we want to know about prosperity and real value for...
I am grateful to the noble Lord for his question, but I am slightly mystified by his saying that he has raised it before and that it has not been answered. I think I have addressed it every time he has raised it in this House. He asks me the...
I am grateful to the noble Lord for his question, but I am slightly mystified by his saying that he has raised it before and that it has not been answered. I think I have addressed it every time he has raised it in this House. He asks me the...
My Lords, over three months ago, I was one of the first people to raise in this House the consequences on food security from the war in the Gulf. I declare my interest as somebody involved in the fertiliser industry, which makes me one of the better-informed commentators in this...
My Lords, over three months ago, I was one of the first people to raise in this House the consequences on food security from the war in the Gulf. I declare my interest as somebody involved in the fertiliser industry, which makes me one of the better-informed commentators in this...
With the Cereals event next Tuesday, what good news can the Minister give to farmers who are planning for harvest 2027? When are the Government going to take the impact of this seriously and can these extra charges, which do nothing to reduce carbon emissions globally and increase the importation...
With the Cereals event next Tuesday, what good news can the Minister give to farmers who are planning for harvest 2027? When are the Government going to take the impact of this seriously and can these extra charges, which do nothing to reduce carbon emissions globally and increase the importation...
I am very grateful to the noble Lord for the informed comments that he makes. As he said, he is a very informed commentator on these issues. I think that the last time we were discussing the same topic he asked a very similar question, and I shall give him...
I am very grateful to the noble Lord for the informed comments that he makes. As he said, he is a very informed commentator on these issues. I think that the last time we were discussing the same topic he asked a very similar question, and I shall give him...
The Minister is right that they are taking it seriously. Given the huge pressures from fertiliser prices, energy prices and higher taxes, will the Government as a matter of urgency to tackle food prices cut the taxes on farms and redistribute some of the subsidy to promote food growing, which...
The Minister is right that they are taking it seriously. Given the huge pressures from fertiliser prices, energy prices and higher taxes, will the Government as a matter of urgency to tackle food prices cut the taxes on farms and redistribute some of the subsidy to promote food growing, which...