Local authorities and credit unions can be effective partners in supporting financial resilience in their local communities. Examples include credit unions facilitating payroll savings at local councils, local authorities signposting local residents to affordable credit they could access at credit unions, and collaboration on financial education initiatives.

While it is for each local authority to determine their own local partnership arrangements, the Government and the financial services regulators are focused on creating the conditions for credit unions to grow and succeed. For example, the Government is making growth-focused reforms to the common bond framework and establishing a £30m Credit Union Transformation Fund, while the FCA and the PRA are reviewing credit union regulation to ensure it remains proportionate.

The Government recognises that access to affordable credit can help households manage financial shocks. A Government-funded No Interest Loan Scheme (NILS) pilot ran from November 2022 to March 2026, delivered by Fair4All Finance and its partners across England, Scotland and Wales. It was designed to assess how effectively interest-free loans meet the needs of consumers in vulnerable circumstances. PwC has been appointed to evaluate the pilot.

The Government recognises that, when provided responsibly, credit can play an important role in helping people manage unexpected expenses and smooth their cash flow. Access to suitable, affordable credit products can support people’s financial resilience and wellbeing and help them achieve their financial goals. For this reason, improving access to affordable credit is a key area of focus in the Government’s Financial Inclusion Strategy, published last year.

The Strategy sets out an ambitious package of measures to improve access to affordable credit, including a pilot small-sum lending scheme to help encourage the role of mainstream lenders in the provision of affordable credit to underserved groups. The scheme is being ran by Fair4All Finance, with Monzo Bank announced as the first participant in June 2026.

HM Treasury are engaging closely with key delivery partners in relation to the Strategy’s implementation, including Fair4All Finance, to understand progress to date and how we can continue to build on interventions. This includes examining the success of pilots and relevant next steps, which will also be considered as part of the Strategy’s two-year review process.

The government has no current plans to pursue a legislative approach which would force private sector participation in restructurings. Overall, we have seen private creditors’ willingness to engage and provide debt treatments on comparable terms where needed – though we continue keep this under review.

The Economic Secretary co-chairs the 'London Coalition on Sustainable Sovereign Debt', which brings together government and private sector stakeholders to find innovative solutions to more sustainable sovereign debt financing in developing economies. With a focus on private debt, the Coalition will continue to drive improvements in debt transparency, resolve challenges with private sector creditor coordination, and champion the uptake of UK-led contractual innovations in private lending, namely debt pause clauses, which allow countries hit by major shocks to temporarily defer debt payments in a clear and a time-bound manner.

The Government has heard concerns from patient groups and industry that the application of VAT to free-of-charge donations have impacted patient access. On 23rd June 2026, the Exchequer Secretary to the Treasury announced that we will bring forward a new approach to address this issue, which will consist either of changes to VAT rules or a reimbursement scheme.

The new approach will be permanent and backdated to 23rd June, giving firms certainty when making donations now.

The Government will set out the details of the new approach at the earliest opportunity.

In the last 12 months, HM Treasury has received a variety of representations on possible changes to VED, including changes to take greater account of the dimensions or weight of cars such as Sport Utility Vehicles.

HM Treasury is responsible for setting overall departmental spending settlements and considering proposals for expenditure in line with the framework set out in Managing Public Money. As such, HM Treasury discusses a wide range of policies and their associated funding implications on matters within DHSC’s remit, but does not typically comment on ongoing policy development and specific approvals processes.

Further information on the role of HM Treasury consent in approving public spending is set out in Chapter 2 of Managing Public Money:
https://www.gov.uk/government/publications/managing-public-money

HM Treasury is responsible for setting overall departmental spending settlements and considering proposals for expenditure in line with the framework set out in Managing Public Money. As such, HM Treasury discusses a wide range of policies and their associated funding implications on matters within DHSC’s remit, but does not typically comment on ongoing policy development and specific approvals processes.

Further information on the role of HM Treasury consent in approving public spending is set out in Chapter 2 of Managing Public Money:
https://www.gov.uk/government/publications/managing-public-money

HM Treasury is responsible for setting overall departmental spending settlements and considering proposals for expenditure in line with the framework set out in Managing Public Money. As such, HM Treasury discusses a wide range of policies and their associated funding implications on matters within DHSC’s remit, but does not typically comment on ongoing policy development and specific approvals processes.

Further information on the role of HM Treasury consent in approving public spending is set out in Chapter 2 of Managing Public Money:
https://www.gov.uk/government/publications/managing-public-money

HM Treasury is responsible for setting overall departmental spending settlements and considering proposals for expenditure in line with the framework set out in Managing Public Money. As such, HM Treasury discusses a wide range of policies and their associated funding implications on matters within DHSC’s remit, but does not typically comment on ongoing policy development and specific approvals processes.

Further information on the role of HM Treasury consent in approving public spending is set out in Chapter 2 of Managing Public Money:
https://www.gov.uk/government/publications/managing-public-money

HM Treasury is responsible for setting overall departmental spending settlements and considering proposals for expenditure in line with the framework set out in Managing Public Money. As such, HM Treasury discusses a wide range of policies and their associated funding implications on matters within DHSC’s remit, but does not typically comment on ongoing policy development and specific approvals processes.

Further information on the role of HM Treasury consent in approving public spending is set out in Chapter 2 of Managing Public Money:
https://www.gov.uk/government/publications/managing-public-money

Heating oil and Liquified Petroleum Gas (LPG) benefit from a reduced VAT rate of five per cent, rather than the standard 20 per cent. In addition, to help these households manage higher energy costs, the Government is providing over £50 million of additional support for low-income households which rely on heating oil.

The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.

Following a search of our records, we can confirm that HM Treasury does hold information within the scope of your question. In financial year 24/25 our recorded expenditure was:

HM Treasury's office attendance policy applies across all of its office locations including Darlington Economic Campus. Employees are expected to spend a minimum of 60% of their working time in their contractual workplace, unless alternative arrangements have been agreed through workplace adjustments

The Department uses aggregated building access data to understand overall occupancy levels but does not monitor attendance at the individual level. Line managers are responsible for supporting and monitoring compliance with the departments office attendance expectations.

This government wants the UK to be one of the best places in the world to invest, build and grow a business – and that starts with a tax system that is competitive, predictable and stable. This government has maintained the lowest rate of corporate tax in the G7, topped the rankings for OECD countries in terms of capital allowances for plant and machinery due to our generous full expensing offer, and led a flexible and competitive regime for intangible assets.

Through delivery of our 10-year Advanced Manufacturing sector plan, this government also aims to nearly double annual business investment in the advanced manufacturing sector to £39bn by 2035.

That’s why we backed our Advanced Manufacturing sector with up to £4.3 billion in funding out to 2030, including up to £2.8 billion in R&D. Alongside this, we have provided a further £2 billion of R&D and capital funding available for automotive from 2030 to 2035 and up to £2.3bn for the UK’s aerospace industry over the 10 year period.

Please see below table for the total number of sickness days taken at HM Treasury by financial year:

Note that HM Treasury increased headcount during 2025-26 due to machinery of government changes, which may partially contribute to the increase in the total working days lost during the 2025-26 financial year. Annual headcount data for HM Treasury can be found here: https://www.gov.uk/government/collections/civil-service-statistics

HM Treasury does not report data on the yearly cost of sickness absence.

This government wants the UK to be one of the best places in the world to invest, build and grow a business – and that starts with a tax system that is competitive, predictable and stable. This government has maintained the lowest rate of corporate tax in the G7, topped the rankings for OECD countries in terms of capital allowances for plant and machinery due to our generous full expensing offer, and led a flexible and competitive regime for intangible assets.

Through delivery of our 10-year Advanced Manufacturing sector plan, this government also aims to nearly double annual business investment in the advanced manufacturing sector to £39bn by 2035.

That’s why we backed our Advanced Manufacturing sector with up to £4.3 billion in funding out to 2030, including up to £2.8 billion in R&D. Alongside this, we have provided a further £2 billion of R&D and capital funding available for automotive from 2030 to 2035 and up to £2.3bn for the UK’s aerospace industry over the 10 year period.

HM Treasury does not have designated core in-office collaboration days. Employees are expected to spend at least 60% of their working time in the office, with attendance arrangements agreed locally by employees, their line managers and teams to support effective collaboration and pastoral support. There are therefore no such arrangements to publish.

The Government considers the implications of national security, economic resilience and economic security as part of its overall approach to fiscal policy, spending decisions and public investment.

The National Security Strategy, published on 24 June 2025, set out the Government's approach to strengthening the UK's security and resilience, including the commitment to increase spending on national security to 5 per cent of GDP by 2035.

Decisions on taxation, public spending and investment are taken through the normal fiscal event and Spending Review processes, consistent with the Government's fiscal framework.

Through these processes, the Government is supporting economic security and resilience, including through our public finance offer, with Public Finance Institutions and interventions working together to direct more investment at strategic sectors and supply chains. This includes the expansion of the National Security Strategic Investment Fund, which invests into advanced dual-use technology companies to support the National Security and Defence community and start-ups across the country.

The UK has a long history of leadership on global sovereign debt. Tackling unsustainable debt and its impact on global stability is one of the UK Government’s international priorities. The UK has fully participated in recent debt restructurings, working alongside other creditors to restore debt sustainability. We have also championed transparency and sustainability, including publishing details of new lending and introducing “pause clauses” into UK debt to provide fiscal space following external shocks.

The Government works through various multilateral fora, including the G20, Paris Club and the Global Sovereign Debt Roundtable. The UK also co-chairs the London Coalition on Sustainable Sovereign Debt which brings together government and private sector stakeholders to find innovative solutions to more sustainable sovereign debt financing in developing economies.