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Treasury Committee Profile picture
@CommonsTreasury
Jun 24, 2020 • 8 tweets • 5 min read • Read on X
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🚨Our evidence session with the Debt Management Office is just about to start.

📺Watch it live here 👇

parliamentlive.tv/Event/Index/41… Image
We're underway.

@MelJStride says some have said the Bank of England has been facilitating the Government's ability to borrow. Is this one step away from monetary financing?

Robert Stheeman, chief executive of the Debt Management Office, says that he doesn't agree with that. Image
.@FelicityBuchan asks Robert Stheeman if he is concerned about the slowing pace of quantitative easing.

Stheeman says no as his concern is about the smooth functioning of the market, which is stable and functioning well. Image
.@SteveBakerHW asks whether the Bank of England is a big player in the bond market capable of causing herding.

Robert Stheeman said that the Bank, because of the size of its QE programme, inevitably will have an impact - people will watch carefully what they're doing. Image
.@ab4scambs asks if the witnesses can see a reason to have #coronavirus bonds to help fund the national debt.

Robert Stheeman said "it could indeed be a product that might potentially appeal". Image
.@angelaeagle asks how much lower the UKs credit rating has to go before you start to worry?

Robert Stheeman said that any decline does not feel welcome, but the importance of credit ratings has declined as they are lagging rather than leading indicators. Image
.@Siobhain_Mc asks why the #GenderPayGap at the Debt Management Office increased from 13.5% in 2017-18 to 22% in 2019?

COO Jim Juffs said that the small size of the organisation can "play havoc" with its data, and that it's not been able to encourage women to work at the DMO. Image
And that's it! Thanks to all three of our witnesses from the Debt Management Office for providing evidence today.

📺You can watch the evidence session back here 👇

parliamentlive.tv/Event/Index/41…

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More from @CommonsTreasury

Treasury Committee Profile picture
Jan 25, 2021
⏳One hour to go until the first evidence session of our #EconomicCrime inquiry.

We'll hear from:
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✅Angela McLaren, @CityPolice
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📺Watch it live here👇

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🚨We're underway with the first evidence session of our inquiry into #EconomicCrime.

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Treasury Committee Profile picture
Dec 16, 2020
⏳One hour to go until our evidence session on business taxes as part of our #TaxAfterCoronavirus inquiry.

We'll hear from:

✅ Tom Clougherty @CPSThinkTank
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We're underway with our evidence session on business taxes for our inquiry into #TaxAfterCoronavirus.

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How important is corporation tax to businesses when considering where to invest?

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Treasury Committee Profile picture
Dec 2, 2020
⏳One hour to go until our evidence session with economists on #SpendingReview2020.

We'll hear from:

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We're underway with our evidence session with economists on #SpendingReview2020.

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Treasury Committee Profile picture
Oct 20, 2020
⏳One hour to go until our evidence session on #TaxAfterCoronavirus, with a focus on employment taxes.

We'll hear from:

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Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives. Image
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Treasury Committee Profile picture
Oct 16, 2020
(1/5) The three-person tax problem.

It's possible to work for the same employer and be taxed in different ways depending on whether you're:

1⃣Employed
2⃣Self-employed
3⃣A limited company

Read on to find out more👇
(2/5) These differences arise because of the different ways the tax system deals with different things.

Employees pay income tax and national insurance.
(3/5) The self-employed pay income tax and Class 4 national insurance, which is lower than an employee.
Read 5 tweets
Treasury Committee Profile picture
Oct 14, 2020
⏳One hour to go until our evidence session on #decarbonisation and #GreenFinance.

We'll hear from:

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📺Watch it live at 2.30pm here👇

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📺Watch it live here👇

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Read 11 tweets

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