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Sarah McCarthy-Fry: The UK continues to pursue an ambitious regulatory reform agenda at domestic, European and international levels. Firms will have to meet stricter capital and liquidity requirements, including holding more capital against riskier activities, and ensure remuneration practices do not promote excessive risk-taking. The Government are legislating for recovery and resolution plans, which will reduce the likelihood and impact of firms failing.
Sarah McCarthy-Fry: Treasury Ministers and officials have discussions with a wide variety of organisations 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 discussions.
The Government are committed to establishing a fair payment scheme as quickly as possible. It expects Sir John to submit his final report in spring 2010, and will announce details of a payment scheme to follow, also in spring 2010.
Mr. Timms: The Government are introducing a range of measures to help families. The child element of the child tax credit will rise by £65 in April 2010, while working tax credit and child benefit will rise by 1.5 per cent. At the same time, tax thresholds will be frozen, offering a real-terms gain for taxpayers. In addition, from September free school meals will start to be extended to primary school pupils in low-income working families.
Mr. Dai Davies: To ask the Chancellor of the Exchequer if he will (a) take steps to establish a ring-fenced fund in each bank in receipt of public funds to provide financial support to the manufacturing sector and (b) commission research on the implications for levels of greenhouse gas emissions of foreign energy projects involving fossil fuels which have received financing from the Royal Bank of Scotland. 
Sarah McCarthy-Fry: Government's interests in financial institutions are managed at arm's length by UK Financial Investments Limited (UKFI). UKFI's Framework Agreement with HMT requires it to manage the investments on a commercial basis and not to intervene in day-to-day management decisions of the investee companies.
In acting as an engaged institutional shareholder, UKFI will follow in full the Institutional Shareholders' Committee's Statement of Principles and take on board industry-wide recommendations or guidance contained in the Walker Review or elsewhere. If it considers that a particular bank's corporate social responsibility policies, including its environmental policies, are likely to have a negative effect on the value of the bank and its shares, we would expect UKFI to intervene, in order to protect the value of its holding.
As part of the lending agreements linked to their participation in the Asset Protection Scheme, RBS announced on the 14 January that they would provide a
manufacturing fund of £1 billion to support the manufacturing sector. This fund will provide loans between £250,000 and £25 million to any firm in the manufacturing sector.
Mr. Bain: To ask the Chancellor of the Exchequer how many families in each (a) region and (b) parliamentary constituency are in receipt of child tax credits; and how many such households have an income of (a) less than £20,000, (b) between £20,000 and £30,000, (c) between £30,000 and £40,000, (d) between £40,000 and £50,000 and (e) more than £50,000. 
Mr. Timms: The latest information on the number of families receiving child tax credit by Government office region and parliamentary constituency is available in the HM Revenue and Customs' (HMRC) snapshot publication 'Child and Working Tax Credits Statistics. Geographical Analyses. December 2009', available at:
The latest information on the number of families receiving child tax credit, in each of the specified bands of income used to taper awards, is available in the HMRC snapshot publication 'Child and Working Tax Credits Statistics December 2009', available at:
Mr. Bain: To ask the Chancellor of the Exchequer how many households in each (a) region and (b) parliamentary constituency have a child trust fund; and how many such households have an annual income of (a) less than £20,000, (b) between £20,000 and £29,999, (c) between £30,000 and £39,999, (d) between £40,000 and £49,999 and (e) £50,000 or more. 
Sarah McCarthy-Fry: From this April payments will start to be made into the child trust fund accounts of all disabled children who are entitled to disability living allowance (DLA). We currently estimate that around 85,000 children have a child trust fund and are entitled to DLA.
Mr. Hepburn: To ask the Chancellor of the Exchequer (1) what average payment has been made into child trust fund accounts by parents in (a) Jarrow constituency, (b) South Tyneside, (c) the North East and (d) the UK in each year since the scheme's inception; 
(2) how many children have been eligible to receive a child trust fund voucher in (a) Jarrow constituency, (b) South Tyneside, (c) the North East and (d) the UK in each year since the scheme's inception; 
(3) how many child trust fund vouchers have been (a) issued and (b) used by parents to open an account in (i) Jarrow constituency, (ii) South Tyneside, (iii) the North East and (iv) the UK in each year since the scheme's inception. 
Sarah McCarthy-Fry: All children born since 1 September 2002 who live in the UK and are not subject to immigration controls are eligible for a child trust fund. If the child's parents or guardians do not open an account within a year HM Revenue and Customs (HMRC) will open one for them, thereby ensuring that all eligible children get a child trust fund account.
The latest package of information was published on 4 November 2009 and included data on child trust fund eligibility, voucher issue, take-up and parental contributions at United Kingdom, parliamentary constituency, regional and local authority level for children born by 5 April 2008. The website also contains statistical information relating to previous years.
Sarah McCarthy-Fry: Details of HM Treasury's arm's length bodies can be found in HM Treasury's Annual Report and Accounts. Copies of the Annual Report and Accounts can be found on HM Treasury's Website and in the Library of the House.
Sarah McCarthy-Fry: The Department has an internal estimate for revenue losses due to fraud in beer. For 2006-07 estimated losses from beer give a range of between £270 million and £490 million in respect of duty and £120 million to £220 million in respect of VAT. This corresponds to a market share of between 7 and 12 per cent. No estimate currently exists for any other financial year. The methodology is still under development and therefore this estimate may be revised.
Mr. Dai Davies:
To ask the Chancellor of the Exchequer pursuant to the written ministerial statement of 19 January 2010, Official Report, column
6WS, on the Draft Code for Fiscal Stability, what definition of transparency was used for the purposes of the Draft Code for Fiscal Stability; and for what reasons the requirements for economic and fiscal projections referred to at paragraph 42 of that code do not refer to reporting requirements relating to the projected financial effects on climate change under the Climate Change Act 2008. 
Paragraph 42 of the draft Code sets out the minimum reporting requirements for the economic and fiscal projections. Paragraph 45 of the draft Code makes clear that such projections, so far as is reasonably practicable, should be based on all Government decisions which have a material impact on the fiscal outlook. This includes the decisions relating to the implementation of the Climate Change Act 2008.
Mr. Timms: The Government keep the tax system under review to ensure it is modern and efficient and that everyone pays their fair share of tax to support valuable public services. Personal income tax allowances will be maintained at their current levels in 2010-11, providing a real terms benefit relative to September's Retail Price Index.
Chloe Smith: To ask the Chancellor of the Exchequer what estimate he has made of the cost to the Exchequer of reintroducing the 10p rate of income tax on the first £2,000 of taxable income in each fiscal year from 2010-11 to 2013-14. 
Mr. Timms [holding answer 28 January 2010]: Estimates of reintroducing the 10p rate of income tax on the first £2,000 of taxable income in each fiscal year from 2010-11 to 2013-14 is provided in the following table.
|Cost (£ million)|
Sarah McCarthy-Fry [holding answer 26 January 2010]: The administration of the Lehman Brothers group, including its UK and US subsidiaries, is a matter for the courts and the court-appointed administrators in the relevant jurisdictions. It would be inappropriate for the Government to intervene in independent, court-governed proceedings such as these. Where UK-based creditors have a claim against any part of the Lehman Brothers group, it is appropriate for them to present this claim to the administrators of the relevant entity in the appropriate jurisdiction.
Stephen Hammond: To ask the Chancellor of the Exchequer what recent estimate he has made of the present and future level of the UK budget deficit compared to other G20 economies; and if he will make a statement. 
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