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1186887

registered interest
date	23/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Schools: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the Secretary of State for Education on school funding.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	901724
answer	answer is ministerial correction date of answer 24/03/2020 answer text <p>I regularly discuss school funding with the Secretary of State for Education. At the Spending Round, the government committed to a £7.1 billion cash increase in funding for schools in England by 2022-23. This funding settlement reflects the government’s commitment to high quality education for all school children.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 24/03/2020 17:10:31 answering member 4095 label Biography information for Steve Barclay
tabling member	4677 label Biography information for Giles Watling

1187277

registered interest
date	23/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will hold discussions with representatives of retail banks on not increasing interest levels on overdrafts during the covid-19 outbreak; and if her will make a statement.
tabling member constituency	Tewkesbury
tabling member printed	Mr Laurence Robertson
uin	33399
answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The Treasury is working closely with industry and the financial regulators to ensure the steps they take are properly coordinated with Government’s wider economic response to COVID-19.</p><p> </p><p>Banks and building societies are ready and able to offer support to their customers who are impacted directly or indirectly by COVID-19. The Government encourages anyone concerned about their overdraft to contact their provider.</p><p> </p><p>Last June, the FCA announced reforms to the overdraft market, including mandating that firms cannot charge more for unarranged overdrafts than arranged overdrafts, banning fixed daily and monthly charges, and a package of measures to improve the transparency of pricing. Overall the FCA expects these changes to make overdrafts simpler, fairer, and easier to manage and will protect the millions of consumers that use overdrafts, particularly more vulnerable consumers. All providers have set their new charging structures ahead of the deadline in April.</p><p> </p><p>The overdraft reforms will end high unarranged charges and the removal of fees means many occasional arranged borrowers will pay less even though their headline rate of borrowing may increase. Across the market, FCA analysis in January found that 7 out of 10 overdraft users will be better off or see no change when the new rules come into force in April.</p><p> </p><p>In instances where consumers see an increased cost for their overdraft borrowing, the FCA expects firms to engage with customers with large overdraft balances and repeat users of overdrafts to make appropriate interventions. This includes customers who are impacted by COVID-19.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/03/2020 08:32:29 answering member 4051 label Biography information for John Glen
tabling member	253 label Biography information for Mr Laurence Robertson

1186746

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will extend the business rates relief scheme to English Language Teaching centres for the duration of the covid-19 outbreak.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	32689
answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>The Government has set out a package of measures to support businesses through this period of disruption caused by COVID-19, including those businesses not eligible for the small business rate relief or the relief for retail, hospitality and leisure businesses.</p><p> </p><p>This support for business includes the Coronavirus Business Interruption Loan scheme for small and medium-sized businesses, a statutory sick pay relief package, the HMRC Time To Pay Scheme, the Coronavirus Job Retention Scheme to help firms continue to keep people in employment, and a new lending facility from the Bank of England for larger firms.</p><p> </p><p>These measures provide a comprehensive, coordinated and coherent response to what is a serious and evolving economic situation. As the wider economic picture becomes clearer, the Government will do whatever it takes to get the nation through the impacts of COVID-19 and the Government stands ready to announce further action wherever necessary.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 32272 question first answered 25/03/2020 16:02:55 answering member 3991 label Biography information for Jesse Norman
tabling member	4430 label Biography information for Alison Thewliss

1186753

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Older People: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that elderly people in self-isolation due to the outbreak of covid-19 are able to access cash for grocery shopping.
tabling member constituency	Congleton
tabling member printed	Fiona Bruce
uin	32676
answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>The Government recognises that cash will remain important to the daily lives of millions of people during the Covid-19 outbreak, particularly to those in vulnerable groups.</p><p> </p><p>The UK has a resilient cash supply system and the cash industry has well developed contingency arrangements. The Government is working closely with the cash industry and regulators to ensure that people continue to be able to access their cash.</p><p> </p><p>The banking and finance industry has committed to support all customers who are impacted. Customers who are impacted are advised to temporarily use alternatives where possible - such as digital banking, telephone banking or the Post Office - or contact their account provider.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 25/03/2020 14:39:10 answering member 4051 label Biography information for John Glen
tabling member	3958 label Biography information for Fiona Bruce

1186758

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Off-payroll Working
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 deferring Loan Charge legislation in line with the decision announced on 17 March 2020 to defer the implementation of IR35 reforms.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	32706
answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>Those affected by the Loan Charge who were required to submit a Self-Assessment return for 2018-19 can defer sending their return until 30 September 2020, without having to pay late filing or late payment penalties, or interest for the period. <br> <br> HMRC will keep this situation under review over the coming months and will take a proportionate and reasonable approach to anyone who is unable to submit their return as a result of COVID-19.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/03/2020 10:47:58 answering member 3991 label Biography information for Jesse Norman
tabling member	4488 label Biography information for Martyn Day

1186762

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Day Care: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what financial support he is making available to private childcare providers during the covid-19 outbreak.
tabling member constituency	Belfast South
tabling member printed	Claire Hanna
uin	32744
answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The UK is well prepared to tackle COVID-19. The Government has set out specific measures to support childcare providers:</p><ul><li>funding for the Government’s early years entitlements will continue during any periods of nursery, preschool or childminder closures, or where children cannot attend due to COVID-19</li><li>to support nurseries at this time, the Chancellor has also decided that they will be eligible for a business rates holiday for one year from 1 April.</li></ul><p>Childcare providers will also benefit from the wider measures the Chancellor has announced to support the people and businesses of the UK:</p><ul><li>a three-point plan announced at Budget providing £12 billion of support for public services, individuals and businesses whose finances are affected by the outbreak</li><li>a package to provide additional support for businesses and individuals totalling £350bn</li><li>a temporary but uncapped package to help firms keep people in employment.</li></ul><p>The response to COVID-19 needs to be UK-wide and the Government has so far provided £5.3 billion of funding to the devolved administrations to support people, businesses and public services in response to Covid-19. This is in addition to the UK-wide measures that the people and businesses in Scotland, Wales and Northern Ireland will benefit from.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/03/2020 11:24:01 answering member 3991 label Biography information for Jesse Norman
tabling member	4827 label Biography information for Claire Hanna

1186789

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to require equipment leasing companies to give customers that are in financial difficulties as a result of the covid-19 outbreak a three month payment holiday; and if he will make a statement.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	32668
answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>The Government has introduced an unprecedented £350bn package of measures to support businesses access the finance they need during this difficult period, and announced significant measures to directly provide support for SMEs including grants, business rates relief and other tax measures.</p><p> </p><p>Any customer who is concerned about their current financial situation should get in touch with their lender at the earliest possible opportunity to discuss the best option for their them.</p> answering member constituency Salisbury answering member printed John Glen question first answered 25/03/2020 16:20:26 answering member 4051 label Biography information for John Glen
tabling member	3930 label Biography information for Caroline Lucas

1186790

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Houses: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to require (a) private and (b) Pub Co landlords to grant a three month business rents holiday to pubs that are in financial difficulties as a result of the covid-19 outbreak; and if he will make a statement.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	32669
answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The Government has already moved to support residential renters by ensuring landlords are unable to start eviction proceedings for at least a three-month period; this now applies to businesses renting commercial properties.</p><p> </p><p>The Government is also temporarily increasing the Business Rates retail discount in England to 100% for 2020-21 for all properties in the retail, leisure and hospitality sectors, including pubs, in response to Covid-19.</p><p> </p><p>Finally, the HMRC Time To Pay Scheme is in place for all businesses and self-employed people in financial distress to provide support with their tax affairs.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/03/2020 10:03:15 answering member 3991 label Biography information for Jesse Norman
tabling member	3930 label Biography information for Caroline Lucas

1186804

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Enterprises: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what support his Department plans to provide for small charities and social enterprises during the covid-19 pandemic.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	32729
answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>Last week, the Chancellor announced £330 billion of guarantees for the economy, and charities and social enterprises are an important part of the system. Many charities and social enterprises will be eligible for the new Business Interruption Loan Scheme for loans of up to £5m, with no interest due for the first twelve months. Further, many charities are already eligible for 80% charitable rate relief, they will benefit from the new enhanced retail rate relief at 100%. Charities will also benefit from the new Coronavirus Job Retention Scheme. Further detail of government support is available at: <a href="http://www.businesssupport.gov.uk/" target="_blank">www.businesssupport.gov.uk</a></p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 25/03/2020 15:04:54 answering member 4095 label Biography information for Steve Barclay
tabling member	4657 label Biography information for Anneliese Dodds

1186806

registered interest
date	20/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stocks and Shares: Foreign Companies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he plans to take to prevent foreign companies and hedge funds benefiting from the fall in share prices of British companies by purchasing shares at a cheaper cost.
tabling member constituency	Belfast East
tabling member printed	Gavin Robinson
uin	32686
answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>This question likely refers to the practise of short selling. We are working closely with the Financial Conduct Authority (FCA) to monitor the volatility in market prices over the past weeks as a result of the impacts of coronavirus (Covid-19).</p><p> </p><p>On Monday 23 March, the FCA stated that aggregate net short selling activity reported to it had been low as a percentage of total market activity and had decreased in recent days. The FCA also stated that there is no evidence that short selling has been the driver of recent market falls. The FCA is continuing to monitor short selling activity closely.</p><p> </p><p>Some European countries have introduced short selling bans, which the FCA has followed in respect of shares for which relevant European National Competent Authorities (NCAs) are responsible. The FCA has not introduced such a ban in the UK​ ​and neither has any other major financial market outside the EU, including the United States. It is our view that there should be a high bar to imposing such a ban in the UK given the ​role short selling can ​play in the maintenance of open and liquid markets. This is, however, an evolving situation and we are continually evaluating our approach to ensure it is the right one for consumers.</p><p> </p><p>Significant research has previously been done to examine whether bans on short selling, such as those enforced during the financial crisis in 2008, can be effective in stopping stock market falls. The evidence suggested that they were not – pricing continued to fall and so the volatility of the markets persisted.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 25/03/2020 14:41:30 answering member 4051 label Biography information for John Glen
tabling member	4360 label Biography information for Gavin Robinson