Mark Garnier MP: written questions
112 published records · newest first.
Written questions
New BusinessesDepartment for Business and TradeTabled 30 Jun 2025AnsweredUIN 63566More
Question: To ask the Secretary of State for Business and Trade, what data her Department holds on the number of high-growth businesses in the UK in each year since 2005.
Answer: Data on UK high-growth businesses is published by the Office for National Statistics (ONS). These data are published on an ad-hoc basis and cover the period back to 2010. The ONS defines a business as high-growth if it experiences 20% annual growth rate o...
Answered 7 Jul 2025
Original Parliament recordCryptocurrenciesTreasuryTabled 30 Jun 2025AnsweredUIN 63565More
Question: To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that stablecoin issuers maintain sufficient backing assets to protect consumers and financial stability.
Answer: On 29 April, HM Treasury published draft legislation for the future financial services regulatory regime for cryptoassets. The draft legislation includes a new regulated activity for stablecoin issuance in the UK, meaning firms carrying on this activity w...
Answered 7 Jul 2025
Original Parliament recordBusiness: Capital Gains TaxTreasuryTabled 30 Jun 2025AnsweredUIN 63564More
Question: To ask the Chancellor of the Exchequer, whether her Department has made an estimate of the number of individuals who intend to leave the UK following the ending of Business Asset Disposal Relief.
Answer: No estimate of the number of individuals who would leave the UK if Business Asset Disposal Relief (BADR) were to be abolished has been made. The government recognises the important role that small businesses and entrepreneurs will play in boosting Britain...
Answered 7 Jul 2025
Original Parliament recordIndividual Savings Accounts: MortgagesTreasuryTabled 27 Jun 2025AnsweredUIN 63298More
Question: To ask the Chancellor of the Exchequer, whether she has had recent discussions with the Secretary of State for Housing, Communities and Local Government, on the potential impact of changes to cash ISAs on mortgage costs.
Answer: HM Treasury does not prepare forecasts for the UK economy. These forecasts, including assessments of the impact of policy decisions on the macroeconomy, are the responsibility of the independent Office for Budget Responsibility (OBR). The OBR does not typ...
Answered 2 Jul 2025
Original Parliament recordIndividual Savings AccountsTreasuryTabled 26 Jun 2025AnsweredUIN 62949More
Question: To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of changes to cash ISAs on (a) house prices and (b) mortgage costs.
Answer: HM Treasury does not prepare forecasts for the UK economy. These forecasts, including assessments of the impact of policy decisions on the macroeconomy, are the responsibility of the independent Office for Budget Responsibility (OBR). The OBR does not typ...
Answered 2 Jul 2025
Original Parliament recordDigital AssetsTreasuryTabled 25 Jun 2025AnsweredUIN 62609More
Question: To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that the (a) development and (b) delivery of the Digital Gilt Instrument programme supports UK-based firms; and if she will make an assessment of the potential impact of
Answer: The Government is taking forward its digital gilt instrument (DIGIT) pilot which will be issued onto a platform within the Digital Securities Sandbox (DSS). Eligibility for the DSS requires that firms must be legally established in the UK, and therefore D...
Answered 1 Jul 2025
Original Parliament recordDigital AssetsTreasuryTabled 25 Jun 2025AnsweredUIN 62608More
Question: To ask the Chancellor of the Exchequer, whether her Department is taking steps to align the Digital Gilt Instrument programme with (a) the common domain model and (b) other international standards.
Answer: In April the government issued a market engagement notice for the pilot digital gilt instrument (DIGIT) to understand both the current landscape of services available or in development in the UK and what potential investors want to see from a DIGIT issuan...
Answered 1 Jul 2025
Original Parliament recordDigital AssetsTreasuryTabled 25 Jun 2025AnsweredUIN 62607More
Question: To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of adopting the common domain model standard in the Digital Gilt Instrument programme; and if she will make an assessment of the potential impact of do
Answer: In April the government issued a market engagement notice for the pilot digital gilt instrument (DIGIT) to understand both the current landscape of services available or in development in the UK and what potential investors want to see from a DIGIT issuan...
Answered 1 Jul 2025
Original Parliament recordSoft Drinks: TaxationTreasuryTabled 19 Jun 2025AnsweredUIN 61174More
Question: To ask the Chancellor of the Exchequer, whether she has had recent discussions with the Secretary of State for Business and Trade on (a) potential changes to the threshold at which the Soft Drinks Industry Levy starts and (b) the potential impact of that
Answer: His Majesty’s Treasury engages with the Department for Business and Trade at ministerial and official level on a range of issues. The Soft Drinks Industry Levy (SDIL) is central to the Government’s strategy for reducing rates of obesity, and helping to se...
Answered 24 Jun 2025
Original Parliament recordHeat PumpsDepartment for Energy Security and Net ZeroTabled 19 Jun 2025AnsweredUIN 61173More
Question: To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential impact of hybrid heat pumps on (a) consumer energy bills and (b) UK greenhouse gas emissions.
Answer: The specific greenhouse gas emissions and running costs of a hybrid heat pump are impacted by a range of factors including the proportion of heating met by the heat pump. However, the Government noted in the recent ‘Raising product standards for space hea...
Answered 27 Jun 2025
Original Parliament recordBoiler Upgrade Scheme: Heat PumpsDepartment for Energy Security and Net ZeroTabled 19 Jun 2025AnsweredUIN 61172More
Question: To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of including hybrid heat pumps in the Boiler Upgrade Scheme.
Answer: The Boiler Upgrade Scheme does not support hybrid heat pumps, as we want to direct the available funding towards the technologies that offer the greatest carbon savings, rather than those which would continue to involve the burning of fossil fuels for spa...
Answered 27 Jun 2025
Original Parliament recordSpecial Educational Needs: TribunalsDepartment for EducationTabled 19 Jun 2025AnsweredUIN 61171More
Question: To ask the Secretary of State for Education, what discussions she has had with the Secretary of State for Justice on the adequacy of the jurisdiction of the SEND Tribunal.
Answer: Most education, health and care (EHC) plans and assessments are concluded without a Tribunal hearing, but, increasingly, many families are having to go to Tribunal to get the support they think they need.The special educational needs and disabilities (SEN...
Answered 27 Jun 2025
Original Parliament recordSpecial Educational Needs: TribunalsDepartment for EducationTabled 19 Jun 2025AnsweredUIN 61170More
Question: To ask the Secretary of State for Education, what discussions she has had with (a) tribunal judges and (b) local authorities on the future of the SEND tribunal.
Answer: Most education, health and care (EHC) plans and assessments are concluded without a Tribunal hearing, but, increasingly, many families are having to go to Tribunal to get the support they think they need.The special educational needs and disabilities (SEN...
Answered 27 Jun 2025
Original Parliament recordDigital AssetsTreasuryTabled 19 Jun 2025AnsweredUIN 61169More
Question: To ask the Chancellor of the Exchequer, what discussions her Department has had with institutional market participants on the adoption of (a) tokenised sovereign instruments and (b) associated standards.
Answer: My team regularly engages with the sector on issues relating to tokenisation in UK financial markets. In addition, we have had further discussions with participants in relation to our digital gilt instrument (DIGIT) pilot. The Government is taking forward...
Answered 25 Jun 2025
Original Parliament recordDigital AssetsTreasuryTabled 19 Jun 2025AnsweredUIN 61168More
Question: To ask the Chancellor of the Exchequer, what steps her Department is taking with the Financial Conduct Authority to help ensure that digital sovereign instruments issued by the Digital Securities Sandbox are fully interoperable with existing (a) financial
Answer: The Government is taking forward its digital gilt instrument (DIGIT) pilot which will be issued onto a digital securities platform within the Digital Securities Sandbox (DSS). With this pilot, the Government is seeking to explore how distributed ledger te...
Answered 24 Jun 2025
Original Parliament recordFinancial ServicesTreasuryTabled 19 Jun 2025AnsweredUIN 61159More
Question: To ask the Chancellor of the Exchequer, whether she plans to consult on bringing forward legislative proposals to introduce open finance under the Data (Use and Access) Act 2025.
Answer: The National Payments Vision, published in November, set out the government’s ambitious plans for the next phase of Open Banking, building on the UK’s leadership in this area. This includes steps towards delivering seamless, Open Banking enabled, account-...
Answered 25 Jun 2025
Original Parliament recordBank Services: RegulationTreasuryTabled 19 Jun 2025AnsweredUIN 61158More
Question: To ask the Chancellor of the Exchequer, whether she plans to bring forward legislative proposals to regulate open banking under the Data (Use and Access) Act 2025.
Answer: The National Payments Vision, published in November, set out the government’s ambitious plans for the next phase of Open Banking, building on the UK’s leadership in this area. This includes steps towards delivering seamless, Open Banking enabled, account-...
Answered 25 Jun 2025
Original Parliament recordHorizon IT System: CompensationDepartment for Business and TradeTabled 5 Jun 2025AnsweredUIN 57631More
Question: To ask the Secretary of State for Business and Trade, what recent discussions his Department has had with Fujitsu on (a) their plans to compensate Sub-Postmasters and (b) pausing bidding for new Government contracts while the Post Office Inquiry is ongoin
Answer: We welcome Fujitsu’s acknowledgement of their moral obligation to contribute to the cost of the scandal. Fujitsu have also announced they will voluntarily not bid for new contracts unless requested by Government. Following the joint announcement on 7 Marc...
Answered 11 Jun 2025
Original Parliament recordFujitsu: Trader Support ServiceTreasuryTabled 5 Jun 2025AnsweredUIN 57630More
Question: To ask the Chancellor of the Exchequer, what assessment her Department has made of Fujitsu’s suitability to bid for the Trader Support Service, in the context of the failures of the Horizon system.
Answer: All of our contract opportunities are publicly available through Contracts Finder and/or Find A Tender Service and are available to any economic operator that is able to meet the requirements of the procurement in compliance with the Public Contracts Regu...
Answered 11 Jun 2025
Original Parliament recordCryptocurrenciesTreasuryTabled 9 May 2025AnsweredUIN 51116More
Question: To ask the Chancellor of the Exchequer, whether qualifying stablecoin issuers will be subject to (a) capital and (b) liquidity requirements under the provisions in the draft Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous P
Answer: The Government’s forthcoming regime for cryptoassets will provide the Financial Conduct Authority with the necessary powers for effective regulation of cryptoassets, including the ability to set prudential capital and liquidity requirements for UK stablec...
Answered 14 May 2025
Original Parliament recordCryptoassets: RegulationTreasuryTabled 7 May 2025AnsweredUIN 50487More
Question: To ask the Chancellor of the Exchequer, whether she plans to make an assessment of the potential impact of new regulated activities for cryptoassets on (a) UK-based and (b) overseas firms offering services to UK consumers.
Answer: HM Treasury will publish a full impact assessment alongside its final legislation.
Answered 14 May 2025
Original Parliament recordCryptoassets: RegulationTreasuryTabled 7 May 2025AnsweredUIN 50486More
Question: To ask the Chancellor of the Exchequer, what assessment she has made of the readiness of the Financial Conduct Authority to (a) implement and (b) enforce the proposed regulatory regime for cryptoassets by the proposed commencement date.
Answer: HM Treasury has engaged closely with the Financial Conduct Authority in developing the future financial services regulatory regime for cryptoassets and the FCA published its discussion paper shortly after HM Treasury published its draft legislation. The F...
Answered 14 May 2025
Original Parliament recordPensions Investment ReviewTreasuryTabled 7 May 2025AnsweredUIN 50485More
Question: To ask the Chancellor of the Exchequer, whether she is making an assessment through the Pensions Investment Review of the potential merits of mandating pension fund providers to invest in British stocks and shares.
Answer: The Interim Report of the Pensions Investment Review was published in November 2024 and included a number of proposals to reform the UK pension system, delivering fewer, larger pension schemes or ‘megafunds’ better able to deliver for savers and better po...
Answered 14 May 2025
Original Parliament recordIndividual Savings AccountsTreasuryTabled 7 May 2025AnsweredUIN 50484More
Question: To ask the Chancellor of the Exchequer, what information her Department holds on usage of the Lifetime ISA by region; and if she will make an assessment of the potential impact of the Lifetime ISA price cap on prospective first-time buyers in each region.
Answer: At the request of the Treasury Select Committee, HMRC recently released regional data on the Lifetime ISA.HMRC Letter to Treasury Select Committee Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has i...
Answered 14 May 2025
Original Parliament recordIndividual Savings AccountsTreasuryTabled 6 May 2025AnsweredUIN 50101More
Question: To ask the Chancellor of the Exchequer, what estimate she has made of the annual cost to the Exchequer of the Lifetime ISA in terms of (a) reduced tax revenue and (b) value paid bonus payments in (i) 2024–25 and (ii) 2025–26.
Answer: The cost of the tax relief element of the Lifetime ISA is included within tax relief cost of all ISAs, which can be found in the Non-structural tax relief statistics publication, specifically table 5.16. A forecast of estimated bonus paid is published wit...
Answered 13 May 2025
Original Parliament record
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