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1148802
star this property registered interest false more like this
star this property date less than 2019-10-14more like thismore than 2019-10-14
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Business more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Answer of 7 October 2019 to Question 292791 and the article published in the Times on 10 August 2019 entitled Bailout fund to prop up businesses after Brexit, what assessment his Department has made of which businesses are at high risk of collapse in the event that the UK leaves the EU without a deal; and what funding has been allocated to supporting those businesses. more like this
star this property tabling member constituency Carshalton and Wallington more like this
star this property tabling member printed
Tom Brake more like this
star this property uin 15 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-17more like thismore than 2019-10-17
star this property answer text <p>HM Treasury continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.</p><p> </p><p>The government has already made £6.3 billion available to prepare for EU Exit. From this we have created £108m of funding for Brexit Business Preparedness – which is being allocated across government to ensure businesses are suitably prepared for EU exit.</p><p> </p><p>In the event of no deal, the government would act quickly to outline our approach and take early action to support the economy, businesses and households. This would be followed by a Budget in the weeks thereafter.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-17T15:48:14.13Zmore like thismore than 2019-10-17T15:48:14.13Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
151
unstar this property label Biography information for Tom Brake more like this
1149038
star this property registered interest false more like this
star this property date less than 2019-10-14more like thismore than 2019-10-14
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Food: Prices more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what plans he has for a hardship fund to assist people in greatest difficulty in the event that food prices rise following the UK exiting the EU without a deal. more like this
star this property tabling member constituency East Ham more like this
star this property tabling member printed
Stephen Timms more like this
star this property uin 26 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-17more like thismore than 2019-10-17
star this property answer text <p>HM Treasury routinely monitors economic conditions and risks, and the Government has a range of mechanisms available to support vulnerable people from price rises in food. We stand ready to take appropriate action in the event the UK exits the EU without a deal.</p><p> </p><p>Furthermore, officials estimate the direct impact of spending decisions on household living standards, and would continue to do so in any no deal response. This is a central consideration when allocating public funds.</p><p> </p><p>The temporary tariff regime, as confirmed on 8 October, took into account, amongst other things, the need to help mitigate any price rises that could affect UK consumers and supply chains. This was a key consideration when setting tariffs on all goods, including food.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-17T15:43:07.06Zmore like thismore than 2019-10-17T15:43:07.06Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
163
unstar this property label Biography information for Stephen Timms more like this
1148138
star this property registered interest false more like this
star this property date less than 2019-10-03more like thismore than 2019-10-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Minimum Wage more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will increase the minimum wage to £10.50 in the next Budget. more like this
star this property tabling member constituency Warrington South more like this
star this property tabling member printed
Faisal Rashid more like this
star this property uin 294237 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>Both the National Living Wage and the National Minimum Wage rates for younger workers and apprentices saw above inflation increases in April. The National Living Wage is currently on target to reach 60 per cent of median hourly earnings in 2020, subject to sustained economic growth. The independent Low Pay Commission will recommend next year’s rates to us later this month, and we will announce the rates at the next Budget.</p><p> </p><p>The Chancellor has also announced his intention to increase the National Living Wage to two-thirds of median hourly earnings within five years. He will confirm this at the next Budget.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T14:19:20.733Zmore like thismore than 2019-10-07T14:19:20.733Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4670
unstar this property label Biography information for Faisal Rashid more like this
1148170
star this property registered interest false more like this
star this property date less than 2019-10-03more like thismore than 2019-10-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Public Sector: Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what progress has been made on the public sector pension scheme valuation. more like this
star this property tabling member constituency Lanark and Hamilton East more like this
star this property tabling member printed
Angela Crawley more like this
star this property uin 294204 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>Valuations of the public service pension schemes are carried out every four years. The valuations set employer contribution rates to ensure the full costs of pensions are recognised and met by employers at the point scheme liabilities arise. The last valuations of the schemes considered the position as at 31 March 2016 and were completed earlier this year. Employer contribution rates have been set and came into effect on 1 April 2019. On 19 January the then Chief Secretary to the Treasury made a written statement (HCWS1286) announcing a pause to the cost control element of the valuations. The pause was necessary following a court ruling that an element of the reforms made to schemes in 2015 gave rise to unlawful discrimination. The matter has been remitted to the Employment Tribunal to determine how the discrimination is to be remedied. The Government has confirmed that it will take steps to remedy the discrimination in all public service pension schemes. Until a remedy is agreed it is not possible to assess the value of the public service pension schemes with any certainty at this time.</p><p> </p>
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T14:17:38.903Zmore like thismore than 2019-10-07T14:17:38.903Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4469
unstar this property label Biography information for Angela Crawley more like this
1147740
star this property registered interest false more like this
star this property date less than 2019-10-02more like thismore than 2019-10-02
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Treasury: Brexit more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how much his Department budgeted to support (a) other Government departments and (b) the Government’s arms-length agencies in preparation for the UK leaving the EU without a deal in each financial year since 2016-17. more like this
star this property tabling member constituency York Central more like this
star this property tabling member printed
Rachael Maskell more like this
star this property uin 293645 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>The government has provided: over £4.2bn of additional funding from 2016 to the present financial year (2019-20) for departments and devolved administrations to prepare for all EU exit scenarios (a breakdown of these allocations can be found in Table E.6 (page 77) of HM Treasury’s 2018 Annual Statement on European Finances); a further £2bn for the 2020-21 financial year, announced at Spending Round 2019.</p><p> </p><p>For no-deal preparations specifically the Chancellor also: made £2.1bn available on 1 August 2019 for this financial year (2019-20); confirmed the HMG Guarantee on 30 September 2019, which would apply if the UK leaves the EU without a deal and should the EU cease to fund UK organisations after EU exit. This guarantee relates to UK organisations in receipt of certain EU programme funding. The total amount expected to be covered by the guarantee would be £4.3bn for this financial year.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T12:53:18.28Zmore like thismore than 2019-10-07T12:53:18.28Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4471
unstar this property label Biography information for Rachael Maskell more like this
1147849
star this property registered interest false more like this
star this property date less than 2019-10-02more like thismore than 2019-10-02
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Low Pay: Young People more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps his Department is taking to tackle low pay amongst workers aged 21 and below. more like this
star this property tabling member constituency Coatbridge, Chryston and Bellshill more like this
star this property tabling member printed
Hugh Gaffney more like this
star this property uin 293695 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>Each year the Government asks the Low Pay Commission to recommend minimum wage rates for younger people that are as high as possible without damaging their employment prospects. All the National Minimum Wage rates for younger workers saw above inflation increases in April 2019. The Low Pay Commission will make recommendations for the April 2020 rates later in the autumn. Alongside changes to the minimum wage, the Government is taking action to support young people to gain the skills they need to succeed in the labour market, including the rollout of T Levels from September 2020, which will provide students with clear pathways to a well-paid skilled job.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T14:19:02.56Zmore like thismore than 2019-10-07T14:19:02.56Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4614
unstar this property label Biography information for Hugh Gaffney more like this
1147925
star this property registered interest false more like this
star this property date less than 2019-10-02more like thismore than 2019-10-02
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Public Sector: Redundancy Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the inclusion of pension strain within the £95,000 cap on public sector exit payments on long-serving public servants on low to middle salaries. more like this
star this property tabling member constituency Birmingham, Selly Oak more like this
star this property tabling member printed
Steve McCabe more like this
star this property uin 293443 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>The government was clear during the passage of the primary legislation that the cap will have no impact on the majority of public sector workers. We do however accept that there will be some circumstances where it is necessary or desirable to relax the cap. As such, a waiver system is in place for use in exceptional situations, including where imposing the cap would cause genuine hardship.</p><p> </p><p>An impact assessment was conducted and published in the 2016 consultation ahead of the primary legislation. This impact assessment took the inclusion of pension strain into account and can be found <a href="https://www.gov.uk/government/consultations/consultation-on-a-public-sector-exit-payment-cap/consultation-on-a-public-sector-exit-payment-cap#impact-analysis" target="_blank">here</a>. A further equalities assessment will be conducted on the final version of the regulations. The government is currently considering responses to the consultation on the draft regulations to implement the public sector exit payment cap and will respond to the consultation in due course.</p><p> </p><p>The government believes it is right to include all payments related to exit within the cap. The cap does not affect any pension that a person has earned through their years of service or have any impact on accrued pension rights. The cap ensures additional contribution to that pension made by the employer to fund early access to a pension is limited to no more than £95,000, on account these costs are ultimately funded by the taxpayer.</p>
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T10:03:10.783Zmore like thismore than 2019-10-07T10:03:10.783Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
298
unstar this property label Biography information for Steve McCabe more like this
1147950
star this property registered interest false more like this
star this property date less than 2019-10-02more like thismore than 2019-10-02
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Business more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of businesses affected by Operation Kingfisher; and what plans his Department has made to mitigate the effects on those business. more like this
star this property tabling member constituency Liverpool, Wavertree more like this
star this property tabling member printed
Luciana Berger more like this
star this property uin 293533 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>As preparation for EU exit, the government has already made £6.3bn available and we have created a £108m Brexit Business Preparedness Pot – which is being allocated across government.</p><p> </p><p>The Department for Business, Energy, and Industrial Strategy has – from this pot - introduced a £15m Business Readiness Grant Scheme to enable business representative organisations to aid SMEs across England and the UK to prepare for Brexit.</p><p> </p><p>We will continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T12:51:35.203Zmore like thismore than 2019-10-07T12:51:35.203Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4036
unstar this property label Biography information for Luciana Berger more like this
1147951
star this property registered interest false more like this
star this property date less than 2019-10-02more like thismore than 2019-10-02
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Business more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what criteria his Department has set for businesses which wish to apply for the bailout fund created by Operation Kingfisher. more like this
star this property tabling member constituency Liverpool, Wavertree more like this
star this property tabling member printed
Luciana Berger more like this
star this property uin 293534 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>The first port of call for a business facing cashflow issues should be commercial lending. As the Bank of England have said, UK banks are well-prepared, well-capitalised, and publicly committed to continuing to lend to viable businesses.</p><p> </p><p>Overall, the government has already made over £6.3bn available to prepare for EU exit. This includes £2 billion of core funding for departments for Brexit in 2020-21, which was confirmed in the recent Spending Round.</p><p> </p><p>The UK economy remains resilient, but we will continue to closely monitor any developments in economic risks to firms, sectors, and regions. We are considering what further support may be needed and any announcements will be made in due course.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T09:59:43.73Zmore like thismore than 2019-10-07T09:59:43.73Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4036
unstar this property label Biography information for Luciana Berger more like this
1147412
star this property registered interest false more like this
star this property date less than 2019-10-01more like thismore than 2019-10-01
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Housing more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Exchequer Secretary to the Treasury of 30 September 2019, Official Report, column 981, what assessment his Department has made of the effect on the housing sector of short positions against the pound in the event of the UK leaving the EU without a deal. more like this
star this property tabling member constituency Hornsey and Wood Green more like this
star this property tabling member printed
Catherine West more like this
star this property uin 292970 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>We are focused on getting a deal and we are working in a determined way to get that deal.</p><p> </p><p>The fundamentals of our economy are strong: wages are growing, employment is at a record high and the unemployment rate is at a historic low. Further, since 2010, the Government has increased housing supply by over 1.3m, including 430,000 affordable homes. Over 222,000 additional homes were delivered in 2017/18 – the highest level in all but one of the last 31 years.</p><p> </p><p>The Government and the independent Bank of England have the policy tools available to them, and we’ll work closely with the Bank of England to ensure fiscal and monetary remain well co-ordinated.</p> more like this
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak remove filter
star this property question first answered
less than 2019-10-07T06:57:24.047Zmore like thismore than 2019-10-07T06:57:24.047Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4523
unstar this property label Biography information for Catherine West more like this