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1148736

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he had with representatives of the Local Government Association before the announcement of 9 October 2019 of a 1 per cent increase in the interest rate on new loans from the Public Works Loan Board.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	76
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>The Government engages sector representatives in policy development where possible. It was not possible to do that in this case because the change was market sensitive. The Local Government Association was notified of the decision after markets closed on 8 October 2019.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 77 question first answered 17/10/2019 13:17:15 answering member 4051 label Biography information for John Glen
tabling member	1506 label Biography information for Andrew Gwynne

1148737

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he had with representatives of local government before the announcement of 9 October 2019 of a 1 per cent increase in the interest rate on new loans from the Public Works Loan Board.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	77
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>The Government engages sector representatives in policy development where possible. It was not possible to do that in this case because the change was market sensitive. The Local Government Association was notified of the decision after markets closed on 8 October 2019.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 76 question first answered 17/10/2019 13:17:15 answering member 4051 label Biography information for John Glen
tabling member	1506 label Biography information for Andrew Gwynne

1148738

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
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 effect the one per cent increase in the interest rate on new loans from the Public Works Loan Board will have on local authorities’ capital investment plans.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	78
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. This increase returned Public Works Loan Board rates to levels that were available in 2018.</p><p> </p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their finance position. answering member constituency Salisbury answering member printed John Glen question first answered 17/10/2019 13:14:27 answering member 4051 label Biography information for John Glen
tabling member	1506 label Biography information for Andrew Gwynne

1148772

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
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 effect of the 1 per cent increase on interest rates of Public Works Loan Board finance on the viability of (a) housebuilding and regeneration schemes and (b) social housing schemes in Birmingham.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	277
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. This increase returned Public Works Loan Board rates to levels that were available in 2018.</p><p> </p><p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their finance position.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 278 question first answered 21/10/2019 14:44:23 answering member 4051 label Biography information for John Glen
tabling member	4603 label Biography information for Preet Kaur Gill

1148773

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
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 effect of the 1 per cent increase on interest rates on Public Works Loan Board finance on local council (a) housebuilding and regeneration schemes, (b) school building and maintenance, (c) roads and (d) waste facilities.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	278
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. This increase returned Public Works Loan Board rates to levels that were available in 2018.</p><p> </p><p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their finance position.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 277 question first answered 21/10/2019 14:44:23 answering member 4051 label Biography information for John Glen
tabling member	4603 label Biography information for Preet Kaur Gill

1148328

registered interest
date	04/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will issue guidance on the recourse available to people in Crewe and Nantwich constituency who have either not been paid out for Equitable Life or who have received insufficient compensation.
tabling member constituency	Crewe and Nantwich
tabling member printed	Laura Smith
uin	294744
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and further guidance on the status of the Payment Scheme after closure is available at https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/10/2019 12:09:58 answering member 4051 label Biography information for John Glen
tabling member	4648 label Biography information for Laura Smith

1148378

registered interest
date	04/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inflation and Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what comparative assessment he has made of rates of wage growth and inflation.
tabling member constituency	Woking
tabling member printed	Mr Jonathan Lord
uin	294713
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The fundamentals of the British economy are strong – wages are growing at the fastest rate in over a decade, employment is at a joint record high and the unemployment rate is at its lowest in over 40 years. Inflation has been at or around target since the start of 2019, and as a result wages have now outpaced inflation on a CPI basis for over a year.</p><p>On 1 April 2019, we increased the National Living Wage by 4.9% to £8.21 - an above inflation increase which meant that a full-time worker on the National Living Wage would be earning £690 more over the coming year. Supported by the National Living Wage, the lowest earners have seen their wages grow by 8% above inflation between April 2015 and April 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/10/2019 12:08:40 answering member 4051 label Biography information for John Glen
tabling member	4090 label Biography information for Mr Jonathan Lord