Treasury written question – answered am ar 21 Chwefror 2024.
Alexander Stafford
Ceidwadwyr, Rother Valley
To ask the Chancellor of the exchequer, what his Department's expected timeline is on completing all stages of the UK Green Taxonomy process.
Bim Afolami
The Economic Secretary to the Treasury
The Government remains committed to delivering a UK Green Taxonomy to support an increase in financing for activities supporting the transition to net zero and delivering on UK environmental objectives.
We expect to consult shortly. Following the consultation, we will analyse responses and provide a government response in accordance with Cabinet Office consultation principles, with a view to finalising the Taxonomy.
As set out in the Green Finance Strategy (2023), the Government will introduce a testing period of voluntary disclosures for at least two reporting years. In the longer term, we also maintain the ambition to introduce mandatory disclosures against a future Taxonomy.
Yes1 person thinks so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The cabinet is the group of twenty or so (and no more than 22) senior government ministers who are responsible for running the departments of state and deciding government policy.
It is chaired by the prime minister.
The cabinet is bound by collective responsibility, which means that all its members must abide by and defend the decisions it takes, despite any private doubts that they might have.
Cabinet ministers are appointed by the prime minister and chosen from MPs or peers of the governing party.
However, during periods of national emergency, or when no single party gains a large enough majority to govern alone, coalition governments have been formed with cabinets containing members from more than one political party.
War cabinets have sometimes been formed with a much smaller membership than the full cabinet.
From time to time the prime minister will reorganise the cabinet in order to bring in new members, or to move existing members around. This reorganisation is known as a cabinet re-shuffle.
The cabinet normally meets once a week in the cabinet room at Downing Street.
