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1285519

registered interest
date	10/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish the next National Infrastructure and Construction Pipeline as part of the National Infrastructure Strategy.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	152528
answer	answer is ministerial correction date of answer 22/02/2021 answer text <p>The Infrastructure and Projects Authority has committed to publishing regular National Infrastructure and Construction Pipelines. The last Pipeline, published in response to COVID-19, set out planned procurements with an estimated contract value of up to £37bn across the 2020/21 financial year. As stated in the National Infrastructure Strategy, the next iteration of the National Infrastructure and Construction Pipeline will be published in 2021 and will set out future planned investments and procurements.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 22/02/2021 11:00:29 answering member 3991 label Biography information for Jesse Norman
tabling member	4243 label Biography information for Dan Jarvis

1285230

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	Infrastructure: North of England
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 effect of the level of funding allocated to the North of England from the National Infrastructure Strategy on the economy.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	151718
answer	answer is ministerial correction date of answer 22/02/2021 answer text <p>The National Infrastructure Strategy set out the government’s plan to transform the UK’s infrastructure to help level up the country and put the UK on the path to net zero emissions by 2050.</p><p> </p><p>The Strategy announced record levels of public investment in strategic roads, digital infrastructure and flood defences, alongside measures to encourage and increase private investment, such as the creation of a new infrastructure bank for the UK.</p><p> </p><p>The Strategy includes different kinds of funding commitment, from individual projects like HS2, to overarching programmes, such as £5bn for the rollout of gigabit capable broadband. A number of programmes will be administered by delivery agencies like the Environment Agency and Highways England who will allocate funding to individual projects.</p><p> </p><p>The Infrastructure and Projects Authority will publish the next iteration of its annual National Infrastructure and Construction Pipeline in 2021, as stated in the NIS, and this will list future planned investments and procurements across infrastructure and construction.</p><p> </p><p>The National Infrastructure Strategy also included a timeline of upcoming Government publications which indicated where future action can be expected.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 22/02/2021 09:55:15 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4243 label Biography information for Dan Jarvis

1282936

registered interest
date	02/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Veterans: Government Assistance
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 Work and Pensions on the support given to service personnel who retired from the UK armed forces before 1975.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	147853
answer	answer is ministerial correction date of answer 08/02/2021 answer text <p>The Treasury is aware of this issue. We understand and sympathise with the position that these veterans find themselves in. Prior to 1975 there were no rights to preserved pensions in any public or private pension schemes. It has been the policy of successive governments not to make retrospective changes to pension schemes.</p><p> </p><p>This Government remains committed to providing support to veterans, demonstrated by the publication of the first ever UK-wide Strategy for our Veterans in 2018 and the creation of the Office of Veterans’ Affairs in 2019.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 08/02/2021 17:00:56 answering member 4095 label Biography information for Steve Barclay
tabling member	4243 label Biography information for Dan Jarvis

1282937

registered interest
date	02/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Government Assistance
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 providing support to businesses in their first year of trading.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	147854
answer	answer is ministerial correction date of answer 08/02/2021 answer text <p>The Government regularly engages with businesses and representative groups to ensure support provided to businesses is appropriate, including support for those businesses recently established and in their first year of trading.</p><p>For example, the British Business Bank’s Start-Up Loans programme provides entrepreneurs starting their own businesses with loans of up to £25,000 and 12 months of dedicated mentoring support. At the Spending Review 2020, the Chancellor announced additional funding for this programme to deliver 1,000 more loans in 2021/22 than were originally funded in the March 2020 Budget.</p><p>The Government also offers generous tax incentives to investors in early stage companies looking to grow, in the shape of the Enterprise Investment Scheme (EIS) and Seed EIS (SEIS). These are intended to help tackle market failures in young companies’ access to finance by helping them raise the capital needed for their long-term growth until they have a sufficient track record to access mainstream markets.</p><p>Additionally, further reducing the tax burden on businesses, the Government has lowered the corporation tax rate from 28% in 2010 to 19% today - this is the lowest rate in the G20 and benefits over one million companies, large and small.</p><p>In addition to these measures and to support businesses through Covid, the Government has spent over £280 billion to put in place a comprehensive package of support. Businesses may be eligible to benefit from elements of this package including billions of pounds in wage support, government-backed loans and general and sector-specific grants. The Government urges businesses to visit the online Coronavirus Business Support Finder Tool for tailored information on how to access support available to them.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 08/02/2021 11:47:26 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4243 label Biography information for Dan Jarvis

1281207

registered interest
date	27/01/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Further Education: Sheffield
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to include the (a) Local Enterprise Partnership and (b) Mayoral Combined Authority in the Sheffield City Region in fiscal decision making in their local economy through the Further Education Reform White Paper.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	144684
answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>Local Skills Improvement Plans will build on the work that Mayoral Combined Authorities and Local Enterprise Partnerships have done through their establishment of Skills Advisory Panels.</p><p> </p><p>Mayoral Combined Authorities play a vital role across their local skills system and most already have responsibility for delivering certain adult education functions and will continue to do so. Mayoral Combined Authorities will be consulted by the Department for Education in the development of these plans.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 01/02/2021 16:03:07 answering member 4095 label Biography information for Steve Barclay
tabling member	4243 label Biography information for Dan Jarvis

1280747

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	Infrastructure: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish a list of the projects funded under the National Infrastructure Strategy; what the timescale is for the (a) disbursement and (b) implementation of each of those projects; and how much funding has not yet been allocated to specific infrastructure projects.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	143760
answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>The National Infrastructure Strategy set out the Government’s plan to transform the UK’s infrastructure to help level up the country and put the UK on the path to net zero emissions by 2050.</p><p> </p><p>The Strategy announced record levels of public investment in strategic roads, digital infrastructure and flood defences, alongside measures to encourage and increase private investment, such as the creation of a new infrastructure bank for the UK.</p><p> </p><p>The Strategy includes different kinds of funding commitments, from individual projects like HS2, to overarching programmes, such as £5bn for the rollout of gigabit capable broadband. A number of programmes will be administered by delivery agencies like the Environment Agency and Highways England who will allocate funding to individual projects.</p><p> </p><p>The Infrastructure and Projects Authority will publish the next iteration of its annual National Infrastructure and Construction Pipeline in 2021, as stated in the NIS, and this will list future planned investments and procurements across infrastructure and construction.</p><p> </p><p>The National Infrastructure Strategy also included a timeline of forthcoming Government publications which indicated where future action can be expected.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/02/2021 16:58:00 answering member 3991 label Biography information for Jesse Norman
tabling member	4243 label Biography information for Dan Jarvis

1280774

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	London Capital and Finance: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Written Statement of 17 December 2020, Financial Services Update, HCWS678, what progress has been made in compensating the bondholder victims of London Capital & Finance plc.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	143761
answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>The Government recognises that this has been a very difficult time for LCF bondholders. That is why on 23 May 2019, following a request from Charles Randell, Chair of the FCA, we formally directed the FCA to launch an independent investigation into the events at LCF, and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it.</p><p> </p><p>Dame Elizabeth’s independent investigation considered the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth delivered her report to the FCA on 23 November 2020, and the report alongside the FCA’s response was published on 17 December 2020. A Written Ministerial Statement was made on the same day setting out the Government’s response. These documents are available online at gov.uk.</p><p> </p><p>Dame Elizabeth makes nine recommendations for the FCA. The Government welcomes the FCA’s apology to LCF bondholders and their commitment to implement Dame Elizabeth’s recommendations.</p><p> </p><p>HM Treasury has also accepted the four recommendations that Dame Elizabeth Gloster made for the government regarding the regulatory regime. The Written Statement set out the steps that the Government will be taking to implement them.</p><p>As set out in the Written Statement, there are 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 (FSCS), and the Financial Conduct Authority’s (FCA) Complaints Scheme.</p><p> </p><p>The Written Statement also set out 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 in due course.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 143751 question first answered 01/02/2021 11:50:29 answering member 4051 label Biography information for John Glen
tabling member	4243 label Biography information for Dan Jarvis

1280776

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	Mortgages: Interest 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 effect on the economy of introducing a cap to the Standard Variable Rates charged to closed book mortgage prisoners.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	143762
answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>The Financial Conduct Authority’s 2019 Mortgage Market Review found that direct price intervention was not required at this time as the current market is working well for the vast majority of borrowers. FCA data released in July 2020 stated that customers with inactive lenders pay on average just 0.4% more than borrowers with the same lending characteristics with active lenders. In addition, the recent London School of Economics report on mortgage prisoners noted “capping SVRs at a level close to the best rate for new loans could create harm in other parts of the market, and we do not recommend it”.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/02/2021 11:58:36 answering member 4051 label Biography information for John Glen
tabling member	4243 label Biography information for Dan Jarvis

1280783

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	Mortgages
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 reduce the number of mortgage prisoners.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	143763
answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>The government is committed to helping mortgage prisoners where they will see genuine benefit. This has included work with the Financial conduct Authority to implement rule changes to its mortgage lending rules, removing the regulatory barrier that prevented some customers, who otherwise may have been able to switch, from accessing new products. The new rules should allow customers to switch to an active lender as long as they meet the lenders’ risk appetite and meet certain criteria, such as not looking to borrow more and be up to date with payments. Inactive lenders have now started contacting borrowers who have been struggling to switch, setting out new options that may be available for them on the active market. A number of lenders have also come forward with products specifically for these borrowers.</p><p> </p><p>In addition, the Money and Pensions Service (MaPS) launched online information and a dedicated phone service (accessible via MaPS’ main contact number) as a key source of information and advice for borrowers with inactive lenders, including signposting to specific brokers that will be able to help them look for a deal with an active lender.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 01/02/2021 11:57:27 answering member 4051 label Biography information for John Glen
tabling member	4243 label Biography information for Dan Jarvis

1278833

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	VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to extend the 5 per cent VAT business relief to (a) the hospitality sector and (b) all other sectors.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	140811
answer	answer is ministerial correction date of answer 25/01/2021 answer text <p>The temporary VAT reduced rate came into effect on 15 July 2020 and was initially scheduled to end on 12 January 2021.</p><p> </p><p>In order to continue supporting the cash flow and viability of over 150,000 businesses and to protect 2.4 million jobs, the Government extended the temporary reduced rate of VAT (5 per cent) to goods and services supplied by the tourism and hospitality sectors until 31 March 2021.</p><p> </p><p>While the Government keeps all taxes under review, this relief comes at a significant cost to the Exchequer, and there are currently no plans to extend the length or the scope of the reduced rate further.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/01/2021 13:12:47 answering member 3991 label Biography information for Jesse Norman
tabling member	4243 label Biography information for Dan Jarvis