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1285153

	registered interest
	date	09/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services Compensation Scheme: Credit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on extending the Financial Services Compensation Scheme to payday lending companies.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	151700
	answer	answer is ministerial correction date of answer 16/02/2021 answer text <p>The Financial Services Compensation Scheme (FSCS) is the compensation scheme of last resort for customers of failed UK-authorised financial services firms and is funded by a levy on the financial services industry. The FSCS is an independent non-governmental body and carries out its compensation function within rules set by the Prudential Regulation Authority and the Financial Conduct Authority (FCA), they have the power to decide which activities are given 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.</p><p> </p><p>The FCA’s reasoning for not extending FSCS protection was set out in a letter on 15 February 2019 from its Chief Executive to the Chair of the Treasury Select Committee. This reasoning was that consumer credit firms did not generally hold client assets; losses to consumers had reduced since the FCA had taken over regulation of consumer credit; and, because the cost of providing FSCS cover for high-cost short-term credit would likely need to be subsidised by levies on other regulated firms. A copy of that letter can be found here: <a href="https://www.parliament.uk/globalassets/documents/commons-committees/treasury/correspondence/2017-19/fca-chief-executive-to-chair-re-wonga-150219.pdf" target="_blank">https://www.parliament.uk/globalassets/documents/commons-committees/treasury/correspondence/2017-19/fca-chief-executive-to-chair-re-wonga-150219.pdf</a>.</p><p> </p><p>Treasury ministers and officials meet regularly with the FCA, and the Government will continue to work closely with the FCA to ensure consumers of financial services are treated fairly.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/02/2021 14:30:00 answering member 4051 label Biography information for John Glen
	tabling member	4058 label Biography information for Paul Blomfield

1282096

	registered interest
	date	29/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Business Rates
	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 extending small business rate relief to landlords that have lost rental income from commercial properties as a result of the covid-19 outbreak.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	145785
	answer	answer is ministerial correction date of answer 04/02/2021 answer text <p>Businesses in receipt of their own business rates assessment and which meet the criteria may be eligible for business rate reliefs, including Small Business Rate Relief. The Government has no plan to change eligibility for SBRR.</p><p> </p><p>The Government recognises the impact that the continued non-payment of rent has on landlords. The Government has made available over £330 billion of guarantees through the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme and the Coronavirus Corporate Financing Facility. These are available to businesses across different sizes and sectors, and directly support landlords with their cashflow issues. The Government is also continuing to work with lenders to ensure flexible support is being provided to commercial landlords.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/02/2021 17:10:52 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1282097

	registered interest
	date	29/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government plans to introduce a redress scheme for people who have been refused furlough by employers during the covid-19 outbreak because of claims that their employer is unable to afford national insurance and pension contributions.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	145786
	answer	answer is ministerial correction date of answer 03/02/2021 answer text <p>Since November, employers are only asked to cover National Insurance and employer pension contributions for hours not worked under the Coronavirus Job Retention Scheme (CJRS). This is lower than the previous level in September and October, and for an average claim accounts for just 5 per cent of total employment costs, or £70 per employee per month. Furthermore, many small employers can benefit from the Employment Allowance for support with their NICs bill, and, since March, businesses have received billions in loans, tax deferrals, Business Rate reliefs, and general and sector-specific grants. This support can be used by businesses to cover the costs of NICs and pension contributions, ensuring that they can continue to furlough their employees.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 145779 question first answered 03/02/2021 12:47:41 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1280750

	registered interest
	date	26/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme: Supply Teachers
	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 making it mandatory for agencies to sign supply teachers up to the Flexible Furlough Scheme.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	143745
	answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>I refer the hon Member to my answer of 28 January 2021 to PQ UIN : 142918.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/02/2021 12:08:00 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1276879

	registered interest
	date	14/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Compensation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his statement of 17 December 2020, what the eligibility criteria will be for further compensation for former London Capital and Finance bondholders.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	137914
	answer	answer is ministerial correction date of answer 19/01/2021 answer text <p>The Written Ministerial Statement of 17 December 2020 outlined the three main channels through which London Capital &amp; Finance plc (LCF) bondholders can seek compensation. These are the administration process, the Financial Services Compensation Scheme, and the Financial Conduct Authority’s Complaints Scheme.</p><p> </p><p>The statement also announced that, taking into consideration the specific and complex set of circumstances surrounding the collapse of LCF, the Treasury will set up a compensation scheme which will assess whether there is justification for further one-off compensation payments in certain circumstances for some LCF bondholders . The Government will announce further details, including the eligibility criteria, in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/01/2021 08:07:22 answering member 4051 label Biography information for John Glen
	tabling member	4058 label Biography information for Paul Blomfield

1276353

	registered interest
	date	13/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to publish an impact assessment of the Trade and Cooperation Agreement each quarter for 2021, with reference to (a) sectors of the economy and (b) all regions and nations of the UK.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	137197
	answer	answer is ministerial correction date of answer 18/01/2021 answer text <p>The Government does not intend to produce an Impact Assessment. We have consistently said that it would be impossible for a single model, number or scenario to capture that complexity or represent the varying impacts that will be felt across different parts of the economy.</p><p> </p><p>The Government has secured a deal that will benefit families and businesses across the UK, we can now take full advantage of the opportunities available to us.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/01/2021 10:56:59 answering member 4051 label Biography information for John Glen
	tabling member	4058 label Biography information for Paul Blomfield

1249521

	registered interest
	date	09/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employment Income Support Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of extending the eligibility criteria for the Self-Employment Income Support Scheme to people who set up their business after 6 April 2019.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	113072
	answer	answer is ministerial correction date of answer 17/11/2020 answer text <p>The practical issues that prevented the Government from being able to include the newly self-employed in 2019-20 in the original Self-Employment Income Support Scheme (SEISS), namely that HM Revenue and Customs (HMRC) will not have access to their self-assessment returns in order to be able to verify their eligibility, still remain. The latest year for which HMRC have tax returns for all self-employed individuals is 2018/19. 2019/20 returns are not due until the end of January 2021.</p><p> </p><p>Unlike for employees, self-employed income is not reported monthly, but at the end of each tax year on the individual’s Income Tax Self Assessment return. This means that the most reliable and up-to-date record of self-employed income is from 2018-19 tax returns.</p><p> </p><p>The SEISS continues to be just one element of a comprehensive package of support for individuals and businesses. This package includes Bounce Back loans, tax deferrals, rental support, increased levels of Universal Credit, mortgage holidays, and other business support grants.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/11/2020 12:16:48 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1249522

	registered interest
	date	09/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	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 extending the support available under the extended Coronavirus Job Retention Scheme to people who were made unemployed between 20 March 2020 and 22 September 2020.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	113073
	answer	answer is ministerial correction date of answer 17/11/2020 answer text <p>An employer can claim for employees who were employed and on their PAYE payroll on 30 October 2020. In addition, employees that were employed and on the payroll on 23 September 2020 (the day before the Job Support Scheme announcement) who were made redundant or stopped working afterwards can be re-employed and claimed for under the CJRS extension.</p><p> </p><p>This cut-off date aims to include as many people as possible, while also addressing the risk of fraud that existed as soon as the fact that the Government was providing a further employment support scheme became public.</p><p> </p><p>The Government has also provided wider support to individuals throughout the pandemic. In March, the Government announced a £20 per week increase to the Universal Credit standard allowance and Working Tax Credit basic element, and a nearly £1 billion increase in support for renters through increases to the Local Housing Allowance rates for UC and Housing Benefit claimants.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/11/2020 10:40:33 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1247298

	registered interest
	date	30/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Remote Working: Business Rates
	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 extending the business rates holiday to include the flexible workspace sector during the covid-19 outbreak.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	109314
	answer	answer is ministerial correction date of answer 09/11/2020 answer text <p>The Government has provided enhanced support to the retail, hospitality and leisure sectors through business rates relief given the direct and acute impacts of the COVID-19 pandemic on those sectors.</p><p> </p><p>A range of measures to support all businesses, including those not eligible for business rates relief such as flexible workspaces, has also been made available.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/11/2020 16:16:59 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield

1231527

	registered interest
	date	04/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Customs Intermediaries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many individuals were qualified as customs intermediaries in the UK in (a) July and (b) August 2020.
	tabling member constituency	Sheffield Central
	tabling member printed	Paul Blomfield
	uin	85033
	answer	answer is ministerial correction date of answer 10/09/2020 answer text <p>HMRC do not employ customs intermediaries directly and there are no set qualifications.</p><p> </p><p>The UK has a well-established industry of customs intermediaries that serve British businesses trading outside the EU. The sector is varied and made up of a number of different business models including specific customs brokers, freight forwarders and fast parcel operators; all of which require differing numbers of staff.</p><p> </p><p>The Government has now made available a total of £84 million to grow the sector to encompass EU trade after 2020. This is one part of the measures to support the customs intermediary sector to meet the increased demand it will see from traders at the end of the transition period.</p><p> </p><p>The Government continues to monitor progress carefully and keeps support under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 10/09/2020 13:24:52 answering member 3991 label Biography information for Jesse Norman
	tabling member	4058 label Biography information for Paul Blomfield