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1458215

registered interest
date	19/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Institutions: Ethnic Groups
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the report published by Lloyds Bank entitled Black. British. In Business & Proud, what steps he is taking to increase the confidence of the UK's Black business community in the banking and financial services sector.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	155697
answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>On 17 March, the Government published “Inclusive Britain” in response to the independent report by the Commission on Race and Ethnic Disparities, setting out a ground-breaking action plan to tackle negative disparities, promote unity and build a fairer Britain for all. The Government has responded in detail to each of the Commission’s 24 recommendations from its report. In some cases, The Government’s response has gone further than the report envisaged, to ensure that our action plan is as wide-reaching as possible and builds a fairer and more inclusive society in the long-term.</p><p> </p><p>The Government is very supportive of the Race At Work Charter, which over 100 financial services firms have already signed up to. The Charter commits firms that sign up to take practical steps to tackle barriers that ethnic minority people face in recruitment and progression.</p><p> </p><p>We are also supporting entrepreneurs through the Start-Up Loans scheme, which offers businesses 12 months of free mentoring. Of all loans issued up to December 2021, 20% went to Asian people, Black people, or people from other Ethnic Minorities (excluding White minorities). At the end of December 2021, the programme had delivered more than 90,000 loans, providing more than £819m of funding to entrepreneurs.</p><p>In March 2021, the Parker Review published statistics showing that significant progress has been made on improving ethnic diversity of UK boards, with 89 out of 100 FTSE 100 companies reporting they had appointed a director from a minority ethnic group.</p><p> </p><p>The Treasury remains committed to supporting individuals and businesses of all backgrounds to access the finance they need and continues to engage with the private sector and other government departments including BEIS and Cabinet Office on this important issue.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 155698 155699 question first answered 26/04/2022 14:57:12 answering member 4051 label Biography information for John Glen
tabling member	4064 label Biography information for Mr Steve Baker

1458216

registered interest
date	19/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Ethnic Groups
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the report published by Lloyds Bank entitled Black. British. In Business & Proud, what steps he is taking to increase (a) cultural awareness and (b) Black representation in the banking sector.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	155698
answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>On 17 March, the Government published “Inclusive Britain” in response to the independent report by the Commission on Race and Ethnic Disparities, setting out a ground-breaking action plan to tackle negative disparities, promote unity and build a fairer Britain for all. The Government has responded in detail to each of the Commission’s 24 recommendations from its report. In some cases, The Government’s response has gone further than the report envisaged, to ensure that our action plan is as wide-reaching as possible and builds a fairer and more inclusive society in the long-term.</p><p> </p><p>The Government is very supportive of the Race At Work Charter, which over 100 financial services firms have already signed up to. The Charter commits firms that sign up to take practical steps to tackle barriers that ethnic minority people face in recruitment and progression.</p><p> </p><p>We are also supporting entrepreneurs through the Start-Up Loans scheme, which offers businesses 12 months of free mentoring. Of all loans issued up to December 2021, 20% went to Asian people, Black people, or people from other Ethnic Minorities (excluding White minorities). At the end of December 2021, the programme had delivered more than 90,000 loans, providing more than £819m of funding to entrepreneurs.</p><p>In March 2021, the Parker Review published statistics showing that significant progress has been made on improving ethnic diversity of UK boards, with 89 out of 100 FTSE 100 companies reporting they had appointed a director from a minority ethnic group.</p><p> </p><p>The Treasury remains committed to supporting individuals and businesses of all backgrounds to access the finance they need and continues to engage with the private sector and other government departments including BEIS and Cabinet Office on this important issue.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 155697 155699 question first answered 26/04/2022 14:57:13 answering member 4051 label Biography information for John Glen
tabling member	4064 label Biography information for Mr Steve Baker

1458217

registered interest
date	19/04/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Ethnic Groups
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the report published by Lloyds Bank entitled Black. British. In Business & Proud, if he will take steps to work with the banking sector on creating a bespoke mentoring programme for Black-owned businesses.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	155699
answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>On 17 March, the Government published “Inclusive Britain” in response to the independent report by the Commission on Race and Ethnic Disparities, setting out a ground-breaking action plan to tackle negative disparities, promote unity and build a fairer Britain for all. The Government has responded in detail to each of the Commission’s 24 recommendations from its report. In some cases, The Government’s response has gone further than the report envisaged, to ensure that our action plan is as wide-reaching as possible and builds a fairer and more inclusive society in the long-term.</p><p> </p><p>The Government is very supportive of the Race At Work Charter, which over 100 financial services firms have already signed up to. The Charter commits firms that sign up to take practical steps to tackle barriers that ethnic minority people face in recruitment and progression.</p><p> </p><p>We are also supporting entrepreneurs through the Start-Up Loans scheme, which offers businesses 12 months of free mentoring. Of all loans issued up to December 2021, 20% went to Asian people, Black people, or people from other Ethnic Minorities (excluding White minorities). At the end of December 2021, the programme had delivered more than 90,000 loans, providing more than £819m of funding to entrepreneurs.</p><p>In March 2021, the Parker Review published statistics showing that significant progress has been made on improving ethnic diversity of UK boards, with 89 out of 100 FTSE 100 companies reporting they had appointed a director from a minority ethnic group.</p><p> </p><p>The Treasury remains committed to supporting individuals and businesses of all backgrounds to access the finance they need and continues to engage with the private sector and other government departments including BEIS and Cabinet Office on this important issue.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 155697 155698 question first answered 26/04/2022 14:57:12 answering member 4051 label Biography information for John Glen
tabling member	4064 label Biography information for Mr Steve Baker

1399778

registered interest
date	05/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Events Industry: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent financial provisions he has made, following the implementation of covid-19 Plan B, for businesses within the live events sector.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	98268
answer	answer is ministerial correction date of answer 10/01/2022 answer text <p>For businesses within the live events sector, the Live Events Reinsurance Scheme supports events that the general public are able to purchase tickets to - such as music festivals, sporting and business events - that are at risk of being halted or delayed due to an inability to obtain COVID-19 cancellation insurance. Over £800 million in cover will be available to purchase alongside standard commercial events insurance for an additional premium. Cover is being bought by events across the UK. This intervention supports the UK’s economic recovery from the COVID-19 crisis by giving events across the country the confidence they need to plan for the future.</p><p> </p><p>This is a world-leading insurance scheme, backed by a number of prominent insurers in the Lloyd’s market, including Arch, Beazley, Dale, Hiscox and Munich Re, with few countries offering this kind of cover. It builds on our existing offering of support to the industry, including the £500 million Film and TV Production Restart scheme.</p><p> </p><p>The government announced last month that it is making available an additional £30m through the nearly £2 billion Culture Recovery Fund (CRF) to increase the Emergency Resource Support currently available for cultural organisations to apply for. So far more than £1.5 billion has been allocated to around 5,000 individual organisations and sites through the CRF including theatres, orchestras, dance and music venues, supporting live events and performance.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 10/01/2022 16:29:26 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4064 label Biography information for Mr Steve Baker

1377850

registered interest
date	12/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy that any central bank digital currency will not be used to direct, control or hold under surveillance the spending of holders of such currency by ensuring that the currency is not programmable.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	73820
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The Government and the Bank of England have not yet made a decision on whether to introduce a central bank digital currency (CBDC) in the UK, and will engage widely with stakeholders on the benefits, risks and practicalities of doing so.</p><p> </p><p>Maintaining user safety and privacy is an utmost priority as the Government and the Bank appraises the case for a CBDC in the UK.</p><p> </p><p>The Government’s commitment to ensuring any CBDCs operate within appropriate privacy frameworks was set out in the G7’s public policy principles for CBDC, as part of the UK’s G7 Presidency.  These principles set out rigorous standards of privacy, accountability for the protection of users’ data, and transparency on how information will be secured and used is essential for any CBDC to command trust and confidence.</p><p> </p><p>Earlier this month, the Government committed to public consultation with the Bank of England in 2022 setting out an assessment of the case for a UK CBDC, including the merits of further work to develop an operational and technology model for a UK CBDC.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 15:22:37 answering member 4051 label Biography information for John Glen
tabling member	4064 label Biography information for Mr Steve Baker

1344085

registered interest
date	06/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Net Zero Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether an independent estimate of the economic cost of the Net Zero policy is being prepared as part of the Net Zero Review; if he will publish the underlying assumptions and calculations of that estimate; and if he will make a statement.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	28165
answer	answer is ministerial correction date of answer 12/07/2021 answer text <p>The Net Zero Review is an analytical review that uses existing data to explore the key issues and trade-offs as the UK decarbonises. Against a backdrop of significant uncertainty on technology and costs, as well as changes to the economy over the next 30 years, it focuses on the potential exposure of households and sectors to the transition, and highlights factors to be taken into account in designing policy that will allocate costs over this time horizon. The final report will follow on from the interim report published in December 2020 and set out the key findings from the research and analysis carried out as part of the Net Zero Review.</p><p>The Net Zero Review final report will be published in due course, and in advance of COP26</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 12/07/2021 14:22:09 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4064 label Biography information for Mr Steve Baker

1278621

registered interest
date	20/01/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus: Disease Control
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 financial effect of the extended duration of the covid-19 lockdowns and restrictions put in place in response to the covid-19 outbreak on (a) limited company directors, (b) the self-employed, (c) hospitality staff substantially remunerated through tronc payments and (d) others who have received no or limited Government support during the covid-19 outbreak; and if he will make a statement.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	140796
answer	answer is ministerial correction date of answer 26/01/2021 answer text <p>The Government has provided substantial levels of support throughout this crisis to protect people’s jobs and livelihoods, and support businesses and public services across the UK. The Coronavirus Job Retention Scheme (CJRS) has helped to pay the wages of people in 9.9 million jobs across the country and the Self-Employment Income Support Scheme (SEISS) has received claims from 2.7 million self-employed workers.</p><p> </p><p>The Government has acknowledged that it has not been possible to support everyone as they might want and that the past months have been very difficult for many people.</p><p> </p><p>The Government has put in place a wide-ranging £280 billion package of support including over £65 billion in affordable finance to firms through business loan schemes, a temporary £8 billion increase to welfare, mortgage holidays, help with council tax payments, business loans, grants, a business rates holiday, and tax cuts and VAT deferrals.</p><p> </p><p>The resurgence of the virus has required further action to protect people’s health, while preserving the capacity of people to work and businesses to trade. The Government keeps the economic response to the pandemic under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/01/2021 14:22:21 answering member 3991 label Biography information for Jesse Norman
tabling member	4064 label Biography information for Mr Steve Baker

1277439

registered interest
date	18/01/2021
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, whether his Department has made an assessment of the potential merits of setting up an equity finance scheme to support businesses through the covid-19 outbreak; and if he will make a statement.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	138942
answer	answer is ministerial correction date of answer 21/01/2021 answer text As part of the government’s response to Covid-19, we developed the Future Fund, which provides equity finance for high growth, highly innovative companies. As of December, more than 900 firms have taken part in the scheme. answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 21/01/2021 14:34:00 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4064 label Biography information for Mr Steve Baker