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1242476

registered interest
date	12/10/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Bounce Back Loan Scheme: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of money fraudulently obtained from the Bounce Back Loan Scheme to date.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	102128
answer	answer is ministerial correction date of answer 20/10/2020 answer text <p>I refer the Hon. Member to the answer I gave him on 1 October 2020, to Question <a href="https://questions-statements.parliament.uk/written-questions/detail/2020-09-28/96132" target="_blank">96132</a>.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 20/10/2020 14:16:53 answering member 4414 label Biography information for Paul Scully
tabling member	4504 label Biography information for Wes Streeting

1238446

registered interest
date	28/09/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Bounce Back Loan Scheme: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the amount fraudulently acquired from the Bounce Back Loan Scheme.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	96132
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>As part of the Bounce Back Loan Scheme application process lenders undertake fraud checks, including Know Your Customer and Anti Money Laundering checks as required. In addition, the application form is clear – any individual who knowingly provides false information is at risk of criminal prosecution. We are working across Departments, and with lenders and law enforcement agencies, to tackle fraudulent abuse of the scheme.</p><p>Further details of how we expect the Bounce Back Loan Scheme to perform are set out in our accounts for 2019-20, a copy of which has been placed in the Libraries of the House. At this early stage, such estimates are naturally highly uncertain as reflected in the explanatory notes of the Accounts.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 01/10/2020 14:57:39 answering member 4414 label Biography information for Paul Scully
tabling member	4504 label Biography information for Wes Streeting

1200143

registered interest
date	03/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Job Retention Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the conditions attached to the Coronavirus Job Retention Scheme prevent companies from (a) treating the period during which staff are furloughed as a notice period prior to redundancy and (b) substituting pay for furloughed staff as redundancy pay; and if he will make a statement.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	54193
answer	answer is ministerial correction date of answer 08/06/2020 answer text <p>An individual’s pay during their redundancy notice period is based on their rights under their contract of employment and the statutory right to notice pay.</p><p> </p><p>Employees who are dismissed due to redundancy and who satisfy certain qualifying conditions are also statutorily entitled to a lump sum from their employer, based on their age, length of service and contractual weekly earnings, subject to a statutory upper limit.</p><p> </p><p>While individual’s redundancy rights will depend on their contractual terms and statutory protections, the Coronavirus Job Retention scheme does not prevent an individual who is using the scheme from being placed on redundancy notice. During this difficult period, we urge employers to exercise discretion and not use the Job Retention Scheme to make someone redundant on less favourable terms than they would otherwise have received.</p><p><strong> </strong></p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 08/06/2020 14:05:34 answering member 4414 label Biography information for Paul Scully
tabling member	4504 label Biography information for Wes Streeting

1186528

registered interest
date	19/03/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Prices: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to penalise (a) businesses and (b) individuals engaged in (i) price gouging and (ii) profiteering during the covid-19 pandemic.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	32195
answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The Government is clear that excessive price increases exploiting the covid-19 outbreak are unacceptable. We are speaking with retailers daily and the Competition and Markets Authority has established a taskforce to tackle the issue. It has approached traders already to stop excessive price increases. Consumers and businesses should report any issues directly to the taskforce online. The Government is monitoring this situation closely and will take further action if it is necessary.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 26/03/2020 16:36:00 answering member 4414 label Biography information for Paul Scully previous answer version 14579 answering member constituency Sutton and Cheam answering member printed Paul Scully answering member 4414 label Biography information for Paul Scully
tabling member	4504 label Biography information for Wes Streeting