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1216276
registered interest false more like this
date less than 2020-06-22more like thismore than 2020-06-22
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Investment Income: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of whether companies have paid dividends while in receipt of the Government's covid-19 support packages. more like this
tabling member constituency Sefton Central remove filter
tabling member printed
Bill Esterson more like this
uin 62422 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-25more like thismore than 2020-06-25
answer text <p>Government support is aimed at businesses in genuine need. Our current measures are well-targeted at such businesses, bearing in mind the need to act very quickly to deliver this unprecedented package. We expect everyone to act responsibly and in the spirit of the package, and only claim and use support as intended. The Coronavirus Job Retention Scheme (CJRS) for example provides compensation for the cost of paying furloughed workers –money that goes directly to the pockets of workers who might otherwise lose their jobs, whilst Business Rates reductions and Local Authority grant schemes are targeted at sectors which are facing severe hardship. The Government is keeping all measures under constant review.</p><p> </p><p>Companies borrowing more than £50million through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) or accessing the Covid Corporate Financing Facility (CCFF) beyond 19 May 2021, face restrictions on dividend payments, capital distributions and senior pay.</p>
answering member constituency Saffron Walden remove filter
answering member printed Kemi Badenoch more like this
question first answered
less than 2020-06-25T14:23:43.93Zmore like thismore than 2020-06-25T14:23:43.93Z
answering member
4597
label Biography information for Kemi Badenoch more like this
tabling member
4061
label Biography information for Bill Esterson more like this