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1256939

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employment: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	What steps his Department is taking to support job retention during the covid-19 outbreak.
tabling member constituency	York Outer
tabling member printed	Julian Sturdy
uin	909608
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>The Government has taken unprecedented action to protect jobs during the pandemic, most notably through the CJRS which has seen 1.2 million employers apply to help to pay the wages of 9.6 million furloughed jobs. The CJRS has been extended until March, and the OBR have forecast this is set to support up to 6 million jobs. Employers have also received billions in loans, tax deferrals, Business Rate reliefs, and general and sector-specific grants.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 01/12/2020 16:50:35 answering member 4095 label Biography information for Steve Barclay
tabling member	4079 label Biography information for Julian Sturdy

1256940

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Scotland
house id	1
legislature	25259 pref label House of Commons
question text	What level of financial support his Department has provided to Scotland in the Spending Review 2020.
tabling member constituency	Moray
tabling member printed	Douglas Ross
uin	909610
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>Spending Review 2020 is for the whole of the UK. For Scotland, SR20 confirms an additional £2.4 billion for the Scottish Government on top of its baseline for 2021-22, building on an unprecedented upfront guarantee of £8.2 billion in 2020-21 to support the Covid response; SR20 confirms several UK-wide programmes, such as for vaccines, green growth clusters, offshore wind capacity and digital infrastructure, which will benefit people and businesses in Scotland; SR20 also provides targeted support by reprofiling City and Growth Deals in Moray, Tay Cities, Borderlands and the Scottish Islands from 15 to 10 years to accelerate investment in local economic priorities.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 01/12/2020 16:51:36 answering member 4095 label Biography information for Steve Barclay
tabling member	4627 label Biography information for Douglas Ross

1256941

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	What assessment he has made of the effect of the Spending Review 2020 on economic recovery during the covid-19 outbreak.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	909615
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>Spending Review 2020 (SR20) prioritises funding to support the government’s response to Covid-19 and invest in the UK’s recovery across the UK.</p><p>SR20 confirms a further £38bn to tackle Covid-10 this year and provides a further £55bn for departments to respond to Covid-19 next year</p><p>SR20 also announces the next phase of our infrastructure revolution to kickstart the UK’s economic recovery with £100bn of capital investment next year.</p><p>This builds on the unprecedented level of support this government has provided to support the economy’s recovery during the Covid-19 outbreak.</p><p> </p><p> </p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 01/12/2020 16:52:28 answering member 4095 label Biography information for Steve Barclay
tabling member	4471 label Biography information for Rachael Maskell

1256942

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Income: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	What recent comparative assessment his Department has made of the effect on regional economies of the Government's covid-19 financial support package.
tabling member constituency	Newcastle upon Tyne North
tabling member printed	Catherine McKinnell
uin	909619
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>The government recognises that every region is feeling the impact of this crisis, and has taken unprecedented steps to support people and businesses across the country.</p><p> </p><p>For example, the government has helped over a million employers furlough 9.6 million employments, including 350,700 in the North East, and supported over 60 billion pounds of loans, including £1.4bn for over 40,000 businesses in the North East. Regional breakdowns are published regularly on gov.uk.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/12/2020 14:24:14 answering member 4051 label Biography information for John Glen
tabling member	4125 label Biography information for Catherine McKinnell

1256943

registered interest
date	01/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment: North of England
house id	1
legislature	25259 pref label House of Commons
question text	What steps his Department is taking to increase investment in the North of England as part of the Government’s levelling up agenda.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	909625
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>To level up opportunity across the UK, including in the North of England, at the recent Spending Review, the Chancellor made record increases to capital investment.</p><p>This included multi-year funding settlements for programmes to drive growth in the North of England, from broadband to intra-city transport settlements.</p><p>The North will also benefit from the £4bn Levelling Up Fund, to invest in local infrastructure and economic recovery, and a new UK-wide infrastructure bank headquartered in the North.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 01/12/2020 16:46:45 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4243 label Biography information for Dan Jarvis

1256460

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stocks and Shares
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to review the governance processes of equity index construction, including in relation to (1) economic growth, (2) financial stability, and (3) management accountability.
tabling member printed	Lord Myners
uin	HL10897
answer	answer is ministerial correction date of answer 14/12/2020 answer text <p>The use and operation of equity indices by UK supervised entities is governed by the Benchmarks Regulation, introduced in 2016. The Government has proposed amendments to the Benchmarks Regulation in the current Financial Services Bill to support the orderly wind-down of critical benchmarks. However, there are no current plans for a broader review of the legislation.</p> answering member printed Lord Agnew of Oulton question first answered 14/12/2020 17:16:15 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1256468

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Holyhead Port: Large Goods Vehicles
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Agnew of Oulton on 13 October (HL8609), how much of this land has been purchased; and what use is being made of this land.
tabling member printed	Lord Roberts of Llandudno
uin	HL10909
answer	answer is ministerial correction date of answer 14/12/2020 answer text <p>No land has yet been purchased. Two potential sites have been identified in partnership with the Welsh Government and commercial discussions are under way.</p> answering member printed Lord Agnew of Oulton question first answered 14/12/2020 17:16:23 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3691 label Biography information for Lord Roberts of Llandudno

1256533

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Trade: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the impact of the regulatory framework on the trade finance gap; and what discussions they are (1) having, and (2) have had, with the Prudential Regulation Authority about reducing the trade finance gap.
tabling member printed	Viscount Waverley
uin	HL10928
answer	answer is ministerial correction date of answer 14/12/2020 answer text The UK’s prudential regulatory framework is underpinned by internationally agreed Basel standards in which the UK plays a key role through its membership of the Basel Committee on Banking Standards (BCBS).<p> </p><p>Through the Financial Services Bill, the Government is delegating responsibility for the implementation of the latest Basel standards to the Prudential Regulation Authority (PRA).</p><p> </p><p>As part of that, the PRA will be required to consider and report on the likely effect of its rules on the sustainable provision of finance to businesses and consumers in the UK.</p><p> </p><p>The Government maintains a regular dialogue with the PRA to ensure our future prudential regulation is appropriate and proportionate for the UK.</p> answering member printed Lord Agnew of Oulton question first answered 14/12/2020 17:15:55 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1744 label Biography information for Viscount Waverley

1256568

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to review the recent reduction of Private Residence Relief to take into account (a) regional variations in the length of time it can take to sell a residence and (b) the complexity of divorce and separation in respect of selling a residence.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	122769
answer	answer is ministerial correction date of answer 03/12/2020 answer text <p>Within the Capital Gains Tax (CGT) system, private residence relief (PRR) exempts from CGT the gain a person may make when they sell a residential property that they have lived in as their main home.</p><p> </p><p>In April, changes were made to reduce the final period exemption, in which a previous main residence always qualifies for CGT PRR, from 18 months to 9 months. The final period exemption is an ancillary relief intended to allow individuals who own another residence time to sell their property after they are no longer using their old main residence. This change was to target the relief better at owner occupiers and reduce the instances where people can accrue relief on two properties simultaneously.</p><p> </p><p>The Government has no plans to change the length of the CGT Private Residence Relief (PRR) final period exemption.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 03/12/2020 14:49:41 answering member 3991 label Biography information for Jesse Norman
tabling member	4435 label Biography information for Patricia Gibson

1256603

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to review the recent reduction of Private Residence Relief to take into account the effect of the covid-19 outbreak on (a) home viewings and sales and (b) the time taken for the conveyancing process.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	122770
answer	answer is ministerial correction date of answer 03/12/2020 answer text <p>Within the Capital Gains Tax (CGT) system, private residence relief (PRR) exempts from CGT the gain a person may make when they sell a residential property that they have lived in as their main home.</p><p> </p><p>In April, changes were made to reduce the final period exemption, in which a previous main residence always qualifies for CGT PRR, from 18 months to 9 months. This change was to better target the relief at owner occupiers and reduce the instances where people can accrue relief on two properties simultaneously.</p><p> </p><p>The Government has no plans to change the length of the CGT Private Residence Relief (PRR) final period exemption.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 03/12/2020 14:47:53 answering member 3991 label Biography information for Jesse Norman
tabling member	4435 label Biography information for Patricia Gibson