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1237087

	registered interest
	date	23/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Sanitary Products: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether reusable menstrual underwear is defined as a reusable menstrual product for the purposes of the forthcoming VAT zero rate for menstrual products.
	tabling member constituency	Erith and Thamesmead
	tabling member printed	Abena Oppong-Asare
	uin	94585
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The zero rate for women’s sanitary products from 1 January 2021 will apply to those products which are currently subject to the reduced rate of 5 per cent. This covers the supply of any sanitary protection product that is designed and marketed solely for the absorption or collection of menstrual flow or lochia, whether disposable or reusable. The relief specifically excludes dual purpose period and incontinence products, items of clothing such as reusable menstrual underwear, or purely incontinence products.</p><p> </p><p>The Government has not estimated the potential cost to the Exchequer of including reusable menstrual underwear in the scope of the zero VAT rate for women's sanitary products.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 94586 question first answered 01/10/2020 14:51:54 answering member 3991 label Biography information for Jesse Norman
	tabling member	4820 label Biography information for Abena Oppong-Asare

1237091

	registered interest
	date	23/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Sanitary Products: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 September 2020 to Question 84371 on Sanitary Protection: VAT, what recent estimate he has made of the potential cost to the Exchequer of including reusable menstrual underwear in the scope of the zero VAT rate for women's sanitary products from January 2021.
	tabling member constituency	Erith and Thamesmead
	tabling member printed	Abena Oppong-Asare
	uin	94586
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The zero rate for women’s sanitary products from 1 January 2021 will apply to those products which are currently subject to the reduced rate of 5 per cent. This covers the supply of any sanitary protection product that is designed and marketed solely for the absorption or collection of menstrual flow or lochia, whether disposable or reusable. The relief specifically excludes dual purpose period and incontinence products, items of clothing such as reusable menstrual underwear, or purely incontinence products.</p><p> </p><p>The Government has not estimated the potential cost to the Exchequer of including reusable menstrual underwear in the scope of the zero VAT rate for women's sanitary products.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 94585 question first answered 01/10/2020 14:51:54 answering member 3991 label Biography information for Jesse Norman
	tabling member	4820 label Biography information for Abena Oppong-Asare

1238210

	registered interest
	date	28/09/2020
	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, pursuant to the Answer of 25 September 2020 to Question 93721 on Self-employment Income Support Scheme: Personal Care Services, which (a) industries and (b) businesses are included in the other service activities sector bracket when calculating the Self-Employment Income Support Scheme statistics.
	tabling member constituency	Pontypridd
	tabling member printed	Alex Davies-Jones
	uin	96224
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The sector “Other service activities” includes the activities of membership organisations, the repair of computers and personal and household goods and a variety of personal service activities. A breakdown of the activities in the sector is provided below.</p><p><strong> </strong></p><ul><li>Activities of membership organisations</li></ul><p>o Activities of business, employers and professional membership organisations</p><ul><li>Activities of business and employers membership organisations</li><li>Activities of professional membership organisations</li></ul><p>o Activities of trade unions</p><ul><li>Activities of trade unions</li></ul><p>o Activities of other membership organisations</p><ul><li>Activities of religious organisations</li><li>Activities of political organisations</li><li>Activities of other membership organisations not elsewhere classified</li></ul><p> </p><ul><li>Repair of computers and personal and household goods</li></ul><p>o Repair of computers and communication equipment</p><ul><li>Repair of computers and peripheral equipment</li><li>Repair of communication equipment</li></ul><p>o Repair of personal and household goods</p><ul><li>Repair of consumer electronics</li><li>Repair of household appliances and home and garden equipment</li><li>Repair of footwear and leather goods</li><li>Repair of furniture and home furnishings</li><li>Repair of watches, clocks and jewellery</li><li>Repair of other personal and household goods</li></ul><p> </p><ul><li>Other personal service activities</li></ul><p>o Washing and (dry-)cleaning of textile and fur products</p><p>o Hairdressing and other beauty treatment</p><p>o Funeral and related activities</p><p>o Physical well-being activities</p><p>o Other personal service activities not elsewhere classified</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2020 15:04:05 answering member 3991 label Biography information for Jesse Norman
	tabling member	4849 label Biography information for Alex Davies-Jones

1238316

	registered interest
	date	28/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employed: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what additional provisions he has under assessment to help self-employed individuals who do not qualify for the Self-employed Income Support Scheme.
	tabling member constituency	South Northamptonshire
	tabling member printed	Andrea Leadsom
	uin	96056
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) is helping those that have been adversely affected by COVID-19, and has already helped 2.6 million people with over £7.6 billion of support. As set out in the Winter Economy Plan last week, the Government is extending the SEISS Grant; an initial taxable grant will be provided to cover three months’ worth of profits for the period from November to the end of January 2021.</p><p> </p><p>Those ineligible for the SEISS Grant Extension may still be eligible for other elements of the very large package of financial support available. The Government has temporarily increased the Universal Credit standard allowance for 2020-21 by £20 per week and relaxed the Minimum Income Floor, so that where self-employed claimants' earnings have significantly reduced, their Universal Credit award will have increased to reflect their lower earnings. The self-employed also have access to other elements of the package, including tax deferrals, rental support, mortgage holidays, and other business support grants.</p><p> </p><p>Furthermore, the Winter Economy Plan announced further support to reduce pressure on business finances. The application deadline for four temporary coronavirus loan schemes – Bounce Back Loans, Coronavirus Business Interruption Loans, Coronavirus Large Business Interruption Loans (CBILS) and the Future Fund – has also been extended to 30 November. The Government is introducing Pay as you Grow, a new option for Bounce Back Loan borrowers to repay their loan over a period of up to ten years, and enabling CBILS lenders to extend the term of these loans to ten years where they deem this necessary.</p><p> </p><p>Up to half a million businesses who deferred their VAT bills will also be given more breathing space through the New Payment Scheme, which gives them the option to spread their payments over the financial year 2021-2022. All 11 million UK self-assessment taxpayers will be able to benefit from the recently enhanced Time to Pay ‘self-service’ facility to create a 12-month, interest-free payment arrangement for up to £30,000 of self-assessment debt.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2020 15:01:47 answering member 3991 label Biography information for Jesse Norman
	tabling member	4117 label Biography information for Andrea Leadsom

1238320

	registered interest
	date	28/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Events Industry: Coronavirus
	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 implications for his policies of the treatment by Germany and Italy of (a) business events and (b) trade fairs as critical business opportunities for tax purposes.
	tabling member constituency	South Northamptonshire
	tabling member printed	Andrea Leadsom
	uin	96058
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>HM Treasury monitors domestic and international policies when considering changes to UK tax policies, and the Government keeps all tax policy under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2020 14:57:48 answering member 3991 label Biography information for Jesse Norman
	tabling member	4117 label Biography information for Andrea Leadsom

1238322

	registered interest
	date	28/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Events Industry: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he is making an assessment of the potential merits of introducing funding schemes similar to the Eat Out to Help Out initiative in support of events organisers and trade fairs.
	tabling member constituency	South Northamptonshire
	tabling member printed	Andrea Leadsom
	uin	96060
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The Government recognises the extreme disruption the necessary actions to combat Covid-19 are having on sectors like events and the trade fair industry.</p><p> </p><p>That is why the Government has announced unprecedented support for businesses and individuals during the pandemic, including those in events industries. This includes the deferral of VAT payments, a yearlong business rates holiday for eligible businesses, a range of government-backed and guaranteed loan schemes, the Retail, Hospitality and Leisure Fund, and the Discretionary Grant. Additionally, many events are able to reopen at a small scale with social distancing measures.</p><p> </p><p>During this difficult time the Treasury is working intensively with employers, delivery partners, industry groups and other government departments to understand the long-term effects of social distancing across all key areas of the economy.</p><p> </p><p>We will continue to monitor the impact of government support on public services, businesses, individuals and sectors as we respond to this pandemic, and keep all policies under review</p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 01/10/2020 07:21:28 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4117 label Biography information for Andrea Leadsom

1238414

	registered interest
	date	28/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Clean Air Zones
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to create a national clean air fund to support the implementation of Clean Air Zones in cities.
	tabling member constituency	Denton and Reddish
	tabling member printed	Andrew Gwynne
	uin	96007
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>We are determined to tackle air pollution given its significant negative impact on public health, the economy and the environment. Air quality has improved significantly over recent decades and will continue to improve thanks to the action we have already taken.</p><p> </p><p>The Government has committed £880m to support Local Authorities deliver their Air Quality plans. Alongside this, the Government has also recently announced a £2 billion package to create a new era for cycling and walking – the largest ever boost for cyclists and pedestrians – which includes £225 million to help local authorities create pop-up cycle lanes and reallocate road space.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 01/10/2020 07:16:57 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	1506 label Biography information for Andrew Gwynne

1235822

	registered interest
	date	18/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment Income
	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 that dividend recapitalisations have on financial security (1) nationally, and (2) internationally.
	tabling member printed	Baroness Bennett of Manor Castle
	uin	HL8266
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>A key part of the government’s economic policy objective is to preserve and enhance the stability of the UK’s financial system. This is reflected in the remit of the Financial Policy Committee (FPC) at the Bank of England, which is responsible for identifying, monitoring and taking action to remove or reduce systemic risks.</p><p> </p><p>There is little sign of dividend recapitalisations further increasing the leverage of borrowers in 2020 to levels above post-Global Financial Crisis average.</p><p> </p><p>Dividend recapitalisations are a small part of the broader leveraged loan market. They’ve accounted for slightly under 25% of September 2020 issuances to date. All the dividend recapitalisation issuances from July to September 2020 have been from US corporates.</p><p> </p><p>In addition, the Bank of England has ensured that the major UK banks hold enough capital to withstand losses on their leveraged loan portfolios commensurate with loss rates more severe than those experienced in the 2008 Global Financial Crisis.</p><p> </p><p>Given the US-focussed nature of the market, the Bank is also active in international discussions related to banks and non-banks. The Bank remains a key contributor to the work of the Financial Stability Board, including their analysis of leveraged loans.</p> answering member printed Lord Agnew of Oulton question first answered 01/10/2020 11:56:22 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1235833

	registered interest
	date	18/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Interest Rates
	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 likelihood of negative interest rates being introduced in the current financial year.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL8277
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>Monetary policy, including decisions on Bank Rate, is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England. Therefore, the Government does not comment on the conduct of monetary policy.</p><p> </p><p>As noted in the minutes published on 17 September, the MPC will continue to review the appropriateness of a negative policy rate as a policy tool alongside its broader toolkit.</p> answering member printed Lord Agnew of Oulton question first answered 01/10/2020 11:56:36 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

1235835

	registered interest
	date	18/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Institutions: Misconduct
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many financial institutions in the UK have been subject to fines for misconduct in each year since 2000; and what was the total amount of fines paid by them.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL8279
	answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>Information on the FCA’s enforcement powers and its policy on financial penalties is set out in detail in the enforcement section of their website, and in their Handbook.</p><p>We have passed Baroness Kennedy’s questions on to the FCA, who will reply directly to her by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Agnew of Oulton question first answered 01/10/2020 11:55:44 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley