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1198867

	registered interest
	date	01/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Wonga
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many claims for refunds from Wonga customers who were mis-sold higher risk loans remain outstanding; and if he will make an assessment of the potential merits of providing support from the public purse to those customers who only received 4.3 per cent of the compensation due to them.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	52558
	answer	answer is ministerial correction date of answer 04/06/2020 answer text <p>When a firm enters administration, assets are pooled and used to cover customer redress claims and administration costs. In the case of Wonga, the pooled assets are not sufficient to meet all of the redress claims. The administrator, Grant Thornton UK LLP, is therefore unable to pay out 100% of these claims and must address claims in order of the creditor hierarchy. The number of redress claims and the amounts due in the case of Wonga is a matter for the administrators.</p><p>The Financial Conduct Authority (FCA), who regulate payday loans, has the power to decide which activities are given Financial Services Compensation Scheme (FSCS) protection. In 2016, the FCA decided not to extend FSCS protection to most consumer credit activities because it believed other regulatory requirements were sufficient. The full reasoning behind the FCA’s decision is set out in a letter from their Chief Executive to the Chair of the Treasury Select Committee on 15 February 2019.</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/06/2020 09:53:47 answering member 4051 label Biography information for John Glen
	tabling member	4786 label Biography information for Zarah Sultana

1239663

	registered interest
	date	01/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts Written Off: Developing Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of (a) debt cancellation for lower-income countries from Governments, the IMF and World Bank, the private sector and all other creditors for 2020 and 2021 and (b) bringing forward legislative proposals similar to the Debt Relief (Developing Countries) Act 2010 to enforce on the private sector the terms of an international agreement for debt relief.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	98290
	answer	answer is ministerial correction date of answer 06/10/2020 answer text <p>The Government is concerned about the debt vulnerabilities of low-income developing countries, which have been exacerbated by the COVID-19 pandemic.</p><p> </p><p>The UK cancelled most of our low-income developing country debt under the Heavily Indebted Poor Countries (HIPC) Initiative. However, we have remained a global leader in advancing sovereign debt transparency and sustainability. In April 2020 the Chancellor joined his G20 counterparts to commit to a temporary suspension on debt service repayments from the 77 poorest countries under the debt service suspension initiative (DSSI). To date, the DSSI has supported 43 countries which have requested suspensions by freeing up $5 billion to fund their COVID-19 responses. Given the depth of liquidity needs in these countries, the UK supports an extension of the DSSI into 2021.</p><p> </p><p>The G20 agreed private sector DSSI participation should be voluntary and at borrowers’ discretion. The Government continues to support this approach, which helps protect these countries’ hard-won market access which will be essential for financing COVID recovery. Where borrowers do make requests, private creditors should implement the DSSI. Where sovereign debt reductions are necessary, it will be important for there to be fair and timely burden sharing between all creditor types, including commercial creditors.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/10/2020 12:51:11 answering member 4051 label Biography information for John Glen
	tabling member	4786 label Biography information for Zarah Sultana

1178964

	registered interest
	date	21/02/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Grants and Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans the Government has for (a) universities and (b) other UK institutions to be able to participate in EU-funded projects after 2020.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	18876
	answer	answer is ministerial correction date of answer 02/03/2020 answer text <p>The Public Mandate states that the UK is ready to consider participation in certain EU programmes where it is in the UK's and the EU’s interest that the UK does so. The Public Mandate can be found here: <a href="https://www.gov.uk/government/publications/our-approach-to-the-future-relationship-with-the-eu" target="_blank">https://www.gov.uk/government/publications/our-approach-to-the-future-relationship-with-the-eu</a></p><p> </p><p>The UK will consider a relationship in line with non-EU Member State participation for the following programmes: Horizon Europe, Euratom Research and Training, and Copernicus. The UK will consider service access agreements for the following programmes: EU Space Surveillance and Tracking, and the European Geostationary Navigation Overlay Service. The Government’s manifesto set out its ambitious approach on research and development, including a commitment to continue collaboration internationally and with the EU on scientific research, including Horizon Europe.</p><p> </p><p>The UK Government wants to ensure that UK and European universities and institutions continue to benefit from each other’s world-leading systems and expertise. The UK will consider options for participation in elements of Erasmus+ on a time-limited basis, provided the terms are in the UK’s interests. The Government is considering a wide range of options with regards to future cooperation, including potential domestic alternatives. Decisions on future budget provisions are a matter for the Comprehensive Spending Review.</p><p> </p><p>The proposed regulations for programmes in the next Multiannual Financial Framework (2021-27) are still being discussed in the EU and are yet to be finalised. The UK’s future participation in these programmes and projects will be subject to negotiations on the UK-EU relationship.</p><p> </p><p>Under the financial settlement the UK will continue to contribute to the EU budget in respect of the EU’s current financial planning period (the Multiannual Financial Framework 2014-20) and will continue to participate and benefit from its programmes and receive receipts for the duration of projects, which in some cases go beyond 2020.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/03/2020 15:30:55 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1109415

	registered interest
	date	03/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economics of Biodiversity Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish the terms of reference for the Dasgupta Review on the economics of biodiversity.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	240553
	answer	answer is ministerial correction date of answer 08/04/2019 answer text <p>The government intends to publish the terms of reference for the Review on the Economics of Biodiversity in due course.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/04/2019 13:58:06 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1137542

	registered interest
	date	08/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of disapplying the 2019 Loan Charge to loans made before the Finance (No. 2) Act 2017 received Royal Assent.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	274513
	answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>An estimate of the cost of amending the loan charge to remove loans made before 2017 is not available. The loan charge was legislated in the Finance (No.2) Act 2017 and is part of a package which was estimated to yield £3.2 billion over five years.</p><p>HMRC have written directly to scheme users identified through their compliance work, IT records and tax return data. This includes individual scheme users, employers and company directors.</p><p> </p><p>In addition, HMRC have actively encouraged DR scheme users to come forward through their regular contact with taxpayers, and seek to increase awareness through their series of Spotlight publications, social media activity, and webinars.</p><p> </p><p>HMRC are not aware of any individuals affected whom they have not yet contacted.</p><p> </p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 274514 question first answered 11/07/2019 08:33:19 answering member 3991 label Biography information for Jesse Norman
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1137543

	registered interest
	date	08/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of people affected by the 2019 Loan Charge that have not been contacted by HMRC.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	274514
	answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>An estimate of the cost of amending the loan charge to remove loans made before 2017 is not available. The loan charge was legislated in the Finance (No.2) Act 2017 and is part of a package which was estimated to yield £3.2 billion over five years.</p><p>HMRC have written directly to scheme users identified through their compliance work, IT records and tax return data. This includes individual scheme users, employers and company directors.</p><p> </p><p>In addition, HMRC have actively encouraged DR scheme users to come forward through their regular contact with taxpayers, and seek to increase awareness through their series of Spotlight publications, social media activity, and webinars.</p><p> </p><p>HMRC are not aware of any individuals affected whom they have not yet contacted.</p><p> </p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 274513 question first answered 11/07/2019 08:33:19 answering member 3991 label Biography information for Jesse Norman
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1006098

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Private Finance Initiative
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his Department's definition is of privately financed in relation to infrastructure projects.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	190874
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Private finance is a way to deliver infrastructure projects in which the private sector invests equity and/or lends in order to facilitate the development, delivery, and/or operation of a project, asset or entity with the expectation of earning a return on the investment.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:38:37 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1006884

	registered interest
	date	14/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Heathrow Airport: Railways
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what level of capital funding he plans to allocate for the delivery of improvements to rail access related to the expansion of Heathrow Airport.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	191406
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Government’s position in relation to funding Surface Access at airports is set out in the 2013 Aviation Policy Framework and reiterated in the Airports National Policy Statement which was designated in June 2018. Where a scheme is not solely required to deliver airport capacity and has a wider range of beneficiaries, the Government, along with relevant stakeholders, will consider the need for a public funding contribution alongside an appropriate contribution from the airport on a case by case basis. The Government is supporting Heathrow Surface Access schemes subject to the development of a satisfactory business case and the agreement of acceptable terms with the Heathrow aviation industry.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:29:30 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1043729

	registered interest
	date	18/01/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that members of the public can contribute to the review of the 2019 Loan Charge.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	210061
	answer	answer is ministerial correction date of answer 23/01/2019 answer text <p>The government chose to accept New Clause 26 during the passage of the Finance Bill, and will lay a report in line with the requirements of that New Clause no later than 30 March 2019. The report will include a comparison with the time limits for the recovery of lost tax relating to disguised remuneration loans.</p><p> </p><p>The government also consulted extensively on the detail of the charge on disguised remuneration loans after it was announced at Budget 2016.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 210060 question first answered 23/01/2019 14:32:49 answering member 3935 label Biography information for Mel Stride
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1109414

	registered interest
	date	03/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economics of Biodiversity Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when the Dasgupta Review on the economics of biodiversity will be formally established.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	240552
	answer	answer is ministerial correction date of answer 08/04/2019 answer text <p>At the recent Spring Statement, the government announced that it will launch a comprehensive global review of the link between biodiversity and economic growth, to be led by Professor Sir Partha Dasgupta. The review will be formally established in the coming months after work to finalise the details has been completed.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 08/04/2019 13:57:26 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park