| Previous Section | Index | Home Page |
5 Mar 2008 : Column 2586W—continued
Mortgages
Robert Neill: To ask the Chancellor of the Exchequer what estimate he has made of the proportion of first time buyers who took out mortgages with a loan to value ratio of 90 per cent. or more in the most recent period for which figures are available. [191676]
Angela Eagle: The Government does not hold these figures. The Council of Mortgage Lenders publishes a range of statistics on UK housing and mortgage markets, including the number of mortgages taken out by first time buyers and the median loan to value ratio of these loans, available at:
National Income
Mr. Gerald Howarth: To ask the Chancellor of the Exchequer what his estimate of the gross domestic product deflator at market prices, where 2006-07 equals 100, is for financial years 2007-08 to 2010-11. [191684]
Angela Eagle: Projections for changes in the GDP deflator by financial year were published, as usual, in the 2007 pre-Budget report and comprehensive spending review (Cm 7227) Table B3: Economic assumptions for the public finance projections. This includes an estimate for 2007-08 and projections for 2008-09 through 2010-11. Updated projections will be published in the “Financial Statement and Budget Report” on 12 March 2008, in the normal way.
Mr. Gerald Howarth: To ask the Chancellor of the Exchequer if he will place in the Library a copy of the seasonally adjusted Gross Domestic Product (Expenditure) deflator (YBGB), rebased to 2000, for each quarter of financial years 1990-2000 to 2007-08. [191687]
Angela Eagle: The information requested falls within the responsibility of the National Statistician, who has been asked to reply.
Letter from Karen Dunnell, dated 5 March 2008:
As National Statistician, I have been asked to reply to your recent Parliamentary Question requesting a copy of the
seasonally adjusted Gross Domestic Product (Expenditure) deflator (YBGB), rebased to 2000, for each quarter of financial years 1990-2000 to 2007-08. (191687)
The attached table displays this information, with the deflator re-referenced to the 2000-01 financial year. A figure for the last quarter of the latest financial year is not yet available.
| Table A | ||
| Year | Financial Quarter | Deflator (YBHB) |
Northern Rock
Mr. Philip Hammond: To ask the Chancellor of the Exchequer what estimate he has made of the annual value of new mortgages that Northern Rock will need to originate in order to prevent a non-asset covenant breach occurring of the Granite securitisation vehicles. [188944]
Angela Eagle [holding answer 25 February 2008]: The sale of mortgages from Northern Rock into Granite is a commercial decision for Northern Rock.
The estimated value of mortgages that Northern Rock would need to sell into Granite in order to avoid a non-asset trigger is a commercially sensitive matter.
Public Expenditure
Mr. Gerald Howarth: To ask the Chancellor of the Exchequer when he plans to lay the main estimates for 2008-09 before the House. [191680]
Yvette Cooper: No decision has yet been taken on the date of publication and laying in the House of the main supply estimates for 2008-09. As agreed with Parliament, this will normally take place within five weeks of the Budget, subject to the House sitting.
Taxation: Bingo
Bob Russell: To ask the Chancellor of the Exchequer what representations he has received on the level of value added tax payable by bingo clubs; and if he will make a statement. [191566]
Angela Eagle:
Treasury Ministers and officials receive representations from a wide range of organisations and individuals in the public and private sectors 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 representations.
Bob Russell: To ask the Chancellor of the Exchequer how much (a) value added tax and (b) other tax was paid by bingo clubs in the latest 12 month period for which figures are available; what estimate he has made of loss of tax revenue from the closure of clubs in (i) the current financial year and (ii) the next financial year; and if he will make a statement. [191567]
Angela Eagle: HM Revenue and Customs does not collect data on the amount of VAT paid on individual goods and services.
Revenues from gambling taxes are published in the HM Revenue and Customs Betting, Gaming and Lottery Duties Bulletin, available at http://www.uktradeinfo.com/index.cfm?task=bullbett. Bingo clubs are also subject to the usual taxes imposed on business.
The state of the bingo industry is incorporated into the forecast of total betting and gaming duties, which includes bingo duty receipts, and will be published in the Financial Statement and Budget Report.
| Next Section | Index | Home Page |