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Budgets: Disclosure of Information

Question for Treasury

UIN 63716, tabled on 26 October 2021

To ask the Chancellor of the Exchequer, with reference to the recommendation made by Sir Nicholas Macpherson in his 2013 review of pre-Budget announcements, that the Treasury introduces a ban on the pre-release of the core of the Budget (and Autumn Statement), that is: the economic and fiscal projections, the fiscal judgement and individual tax rates, reliefs and allowances, what assessment he has made of the potential effect on share values or market sentiment of his decision to release to the Telegraph before announcing to the House that Shipping firms flying the Red Ensign will stand a better chance from April 2022 of being accepted when applying for the UK’s tonnage tax regime; and if he will make a statement.

Answered on

29 October 2021

HM Treasury takes the recommendations of the Macpherson review seriously, and has followed these in full.

The reforms to the UK’s Tonnage Tax regime which the Honourable lady has asked about have been announced months before they come into force in April 2022.

Answered by

Treasury
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