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1441155

registered interest
date	15/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure: Capital Investment
house id	1
legislature	25259 pref label House of Commons
question text	What fiscal steps he has taken to support investment in UK infrastructure.
tabling member constituency	Bolsover
tabling member printed	Mark Fletcher
uin	906072
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>The Budget and Spending Review in October 2021 confirmed a total £100 billion of investment in economic infrastructure over the Spending Review period to benefit every part of the UK.</p><p> </p><p>The new UK Infrastructure Bank also opened for business in June 2021 and is partnering with the private sector and local governments to increase investment in infrastructure. With £22 billion of financial capacity, the Bank has already successfully supported three loans, including two private sector loans, investing in offshore wind, solar energy, and broadband.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:41:45 answering member 4051 label Biography information for John Glen
tabling member	4774 label Biography information for Mark Fletcher

1441162

registered interest
date	15/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What recent assessment he has made of the strength of the UK economy.
tabling member constituency	Wallasey
tabling member printed	Dame Angela Eagle
uin	906080
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>Last year we saw a faster-than-previously-expected economic recovery, with the fastest growth in the G7.</p><p> </p><p>However, the conflict in Ukraine has affected the global economy. The government is closely monitoring developments and the channels which may impact the UK economy. The precise impacts will depend on the size and persistence of any shocks to trade, financial markets, and energy markets, which are highly uncertain.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:41:45 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1441352

registered interest
date	15/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish the Government's response to its consultation on the Regulation of Buy-Now Pay-Later.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	140430
answer	answer is ministerial correction date of answer 18/03/2022 answer text <p>The Government published a consultation on policy proposals for the regulation of Buy-Now Pay-Later (BNPL) on 21 October 2021, which closed on 6 January 2022. The Government is now reviewing responses to this consultation and considering next steps, and intends to publish a consultation response in the spring.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/03/2022 11:55:42 answering member 4051 label Biography information for John Glen
tabling member	4088 label Biography information for Stella Creasy

1441508

registered interest
date	15/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions: Russia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether any companies that have been sanctioned by the UK or are owned by people who have been sanctioned by the UK in relation to Russia's invasion of Ukraine received support through the coronavirus job retention scheme; and if he will publish details of these companies.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	140580
answer	answer is ministerial correction date of answer 18/03/2022 answer text <p>Company details in relation to those that have been sanctioned by the UK that have benefited from the Coronavirus Job Retention Scheme (CJRS) are not available.</p><p> </p><p>However, HM Revenue and Customs (HMRC) published a list of employers that claimed through the CJRS since December 2020, on 16 December 2021, which can be found on gov.uk:</p><p> </p><p><a href="https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme" target="_blank">https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/03/2022 11:53:01 answering member 4051 label Biography information for John Glen
tabling member	4820 label Biography information for Abena Oppong-Asare

1440740

registered interest
date	14/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Ukraine
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he (a) plans to cancel Ukraine's outstanding debts owed to the UK and (b) has had discussions with G7 finance ministers on a coordinated response to cancel Ukraine's debt obligations.
tabling member constituency	Ynys Môn
tabling member printed	Virginia Crosbie
uin	139628
answer	answer is ministerial correction date of answer 17/03/2022 answer text <p>The Chancellor continues to engage with G7 partners and International Financial Institutions on progressing current and future support to Ukraine. This includes a G7 Finance Ministers and Central Bank Governors meeting held on 1 March with the Ukrainian Finance Minister.</p><p> </p><p>Alongside our allies, we’ve hit Russia with the most severe package of sanctions it has ever seen and our economic and humanitarian support to Ukraine now totals around £400 million. This includes USD$100 million of funding to Ukraine through the World Bank Multi-Donor Trust Fund and that we stand ready to provide USD$500 million in loan guarantees to support Multilateral Development Bank lending. This support has also enabled a package to be agreed on 8 March of over $700m for direct fiscal support to Ukraine via the World Bank, to help mitigate direct economic impacts.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/03/2022 12:29:59 answering member 4051 label Biography information for John Glen
tabling member	4859 label Biography information for Virginia Crosbie

1440884

registered interest
date	14/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Jersey
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions his Department has had with counterparts in Jersey regarding the granting of 21E high-net-worth individual residency rights to Russian nationals.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	139509
answer	answer is ministerial correction date of answer 17/03/2022 answer text <p>Treasury Ministers and officials engage regularly with their counterparts from the Crown Dependencies, including Jersey, across the Department’s interests. 21E high-net-worth individual residency rights for Russian nationals have not featured in recent engagement.</p><p> </p><p>The Crown Dependencies are not part of the UK but are self-governing dependencies of the Crown. This means they have their own directly elected legislative assemblies, administrative, fiscal and legal systems and their own courts of law.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/03/2022 12:24:35 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1441069

registered interest
date	14/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment the Government has made of the prevalence of the use of buy now pay later products to purchase (a) toiletries, (b) food and (c) other essential items.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	139344
answer	answer is ministerial correction date of answer 17/03/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market, including the impact of economic developments, as part of its normal process of policy development.</p><p> </p><p>However, it does not hold information regarding the impact of increasing living costs on the number of people using Buy-Now Pay-Later (BNPL), or the prevalence of the use of BNPL products to purchase essential items. Instead, HMT draws on the research of various stakeholders, including consumer groups and the wider financial services industry, to inform policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free BNPL products. The Government recognises those risks, but also notes that as an interest-free product, BNPL can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why on 2 February 2021, the Government announced its intention to regulate BNPL products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of BNPL on 21 October 2021, which closed on 6 January 2022. The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 139345 question first answered 17/03/2022 12:27:01 answering member 4051 label Biography information for John Glen
tabling member	4088 label Biography information for Stella Creasy

1441070

registered interest
date	14/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
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 impact of increasing living costs on the number of people using buy now pay later services.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	139345
answer	answer is ministerial correction date of answer 17/03/2022 answer text <p>HM Treasury regularly monitors changes in the consumer credit market, including the impact of economic developments, as part of its normal process of policy development.</p><p> </p><p>However, it does not hold information regarding the impact of increasing living costs on the number of people using Buy-Now Pay-Later (BNPL), or the prevalence of the use of BNPL products to purchase essential items. Instead, HMT draws on the research of various stakeholders, including consumer groups and the wider financial services industry, to inform policy development.</p><p> </p><p>The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free BNPL products. The Government recognises those risks, but also notes that as an interest-free product, BNPL can often be lower-risk than other forms of borrowing and a useful tool to help consumers manage their finances. That is why on 2 February 2021, the Government announced its intention to regulate BNPL products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of BNPL on 21 October 2021, which closed on 6 January 2022. The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the spring.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 139344 question first answered 17/03/2022 12:27:01 answering member 4051 label Biography information for John Glen
tabling member	4088 label Biography information for Stella Creasy

1439671

registered interest
date	10/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Chelsea Football Club
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department has taken to help ensure that no financial benefits from licensed football activities at Chelsea Football Club go to (a) sanctioned individuals, (b) sanctioned entities, (c) entities where the beneficial owner is a sanctioned individual or (d) the Russian Government.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	138074
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>Roman Abramovich is a designated person, subject to financial sanctions. This means that all funds and economic resources belonging to him are subject to an asset freeze in the UK. As such, Chelsea Football Club and its subsidiaries are also subject to an asset freeze.</p><p> </p><p>General Licence INT/2022/1327076 permits the Club to undertake activities that are necessary to carry out its business as a football club, including playing and hosting fixtures. Although the licence allows payment to the club for certain activities those funds will be frozen; Roman Abramovich will not be able to access them. The licence only permits certain limited activities, it does not authorise anyone to deal with Roman Abramovich’s funds or economic resources, or make funds or economic resources available, to him or the Club outside the terms of the licence.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:01:47 answering member 4051 label Biography information for John Glen
tabling member	4467 label Biography information for Drew Hendry

1439805

registered interest
date	10/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Chelsea Football Club: Billing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the terms of sanctions that apply to Roman Abramovich on Chelsea FC, whether the that football club can pay invoices due for payment to suppliers of services.
tabling member constituency	Leeds Central
tabling member printed	Hilary Benn
uin	137976
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>The licence permits Chelsea FC to make payments to third parties in respect of prior obligations, including contracts signed before 10 March 2022, except where those payments would be made to Roman Abramovich or another designated person.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/03/2022 16:06:40 answering member 4051 label Biography information for John Glen
tabling member	413 label Biography information for Hilary Benn