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1439225
star this property registered interest false more like this
star this property date less than 2022-03-09more like thismore than 2022-03-09
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Business: Income 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 Secretary of State for Business, Energy and Industrial Strategy, what recent estimate he has made of the number of UK-based businesses with an annual turnover of between (a) £10,000 and £20,000, (b) £21,000 and £30,000, (c) £31,000 and £40,000, (d) £50,000 and £60,000 and (e) £70,000 and £85,000 in each of the last five years. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 137376 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-03-14more like thismore than 2022-03-14
star this property answer text <p>The Department of Business, Energy and Industrial Strategy does not hold data on the number of UK-based businesses with an annual turnover at the intervals provided in the question.</p><p> </p><p>The Office for National Statistics publishes annual data on UK-based business with an annual turnover of between (a) £0-£49,000, (b) £50,000-£99,000, (c) £100,000-£249,000 etc.[1]</p><p> </p><p><em>[1] ONS, UK Business: Activity, Size and Location (Table 11)</em></p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-03-14T17:00:42.82Zmore like thismore than 2022-03-14T17:00:42.82Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1435260
star this property registered interest false more like this
star this property date less than 2022-02-24more like thismore than 2022-02-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading British Business Bank 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 Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to take steps to tackle disparities in basic lender performance of the British Business Bank, in response to some lenders putting in additional checks to counter fraud, while others did not. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 129192 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-03-04more like thismore than 2022-03-04
star this property answer text <p>All lenders continue to be subject to a robust audit and assurance process by the British Business Bank. If lenders don’t meet their obligations in the Guarantee Agreement the Bank can take remedial action including cancellation of the guarantee.</p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-03-04T11:37:08.727Zmore like thismore than 2022-03-04T11:37:08.727Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1435261
star this property registered interest false more like this
star this property date less than 2022-02-24more like thismore than 2022-02-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading British Business Bank 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 Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made an assessment of the potential merits of the British Business Bank being required to set higher standards for lenders than the statutory minimum because public money is at stake. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 129193 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-03-04more like thismore than 2022-03-04
star this property answer text <p>Lenders accredited to deliver the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme are subject to the terms of Guarantee Agreements, which they must abide by to be eligible to make a claim under the Government guarantee.</p><p> </p><p>The recovery principles outlined in these agreements are no less stringent than those applied to standard commercial lending.</p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-03-04T11:39:11.32Zmore like thismore than 2022-03-04T11:39:11.32Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1435262
star this property registered interest false more like this
star this property date less than 2022-02-24more like thismore than 2022-02-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading British Business Bank 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 Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to help support the British Business Bank strengthen its approach to countering fraud. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 129194 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-03-04more like thismore than 2022-03-04
star this property answer text <p>The Department already supports the British Business Bank (BBB) in its counter fraud activities and will continue to do so.</p><p> </p><p>We work in partnership with BBB to support their compliance with the Government Functional Standards in Counter Fraud including the:-</p><ul><li>Detection and Measurement of fraud,</li><li>Fraud Risk Assessments,</li><li>Measurement of fraud controls,</li><li>Investigation of fraud and</li><li>High level fraud analysis.</li></ul><p> </p><p>Further, we are working to strengthen the future approach to fraud. The department is currently working with BBB on an updated fraud strategy to address the challenges associated with the Bounce Back Loan and which for instance includes:-</p><ul><li>Improved Management Information</li><li>Enhanced enforcement action</li><li>How insight from current schemes can be used to prevent fraud in future schemes administered by BBB on behalf of BEIS.</li></ul> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-03-04T11:42:35.143Zmore like thismore than 2022-03-04T11:42:35.143Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1419096
star this property registered interest false more like this
star this property date less than 2022-02-02more like thismore than 2022-02-02
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Directors: Money Laundering 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 Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure strict anti-money laundering and identity checks for directors are in place at the point of company formation on Companies House. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 116999 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-02-10more like thismore than 2022-02-10
star this property answer text <p>The Government has already committed to introduce identity verification for all directors at the point of incorporation with Companies House. Third parties that seek to form companies are already required to be supervised for anti-money laundering purposes. Under the reforms announced by the Government in September 2020, third parties will be required to register with Companies House and have their supervision confirmed before they will be permitted to request company formations.</p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-02-10T15:07:35.18Zmore like thismore than 2022-02-10T15:07:35.18Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1418218
star this property registered interest false more like this
star this property date less than 2022-01-31more like thismore than 2022-01-31
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Business: Coronavirus 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 Secretary of State for Business, Energy and Industrial Strategy, if he will provide a full list of the lenders to the (a) Bounce Back Loan Scheme, (b) Covid Business Interruption Loan Scheme and (c) Covid Large Business Interruption Loan Scheme; and which lenders have made a disproportionately high number of loans to (i) dissolved entities or (ii) entities incorporated since the outbreak of covid-19. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 114820 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2022-02-08more like thismore than 2022-02-08
star this property answer text <p>The Department and the British Business Bank continue to work with lenders to identify and address all types of fraud perpetrated through the Covid Loan Schemes. For example, under the Bank’s Guarantee Assurance Analytics programme, BBLS lenders are investigating several thousand facilities with potential data inconsistencies, including regarding incorporation dates.</p><p> </p><p>We are unable to disclose the rates of indicators of suspected fraud by individual lender at this time due to the commercially sensitive nature of this information.</p><p> </p><p>Full lists of all accredited lenders as at scheme closures on 31 March 2021 are as follows:</p><p> </p><table><tbody><tr><td><p><strong>CBILS</strong></p></td><td><p><strong>BBLS</strong></p></td><td><p><strong>CLBILS</strong></p></td></tr><tr><td><p>ABN AMRO</p></td><td><p>Bank of Scotland</p></td><td><p>Bank of Scotland</p></td></tr><tr><td><p>Aldermore</p></td><td><p>Barclays</p></td><td><p>Barclays</p></td></tr><tr><td><p>ART Business Loans</p></td><td><p>Clydesdale / Yorkshire Banks</p></td><td><p>Clydesdale / Yorkshire Bank</p></td></tr><tr><td><p>AskIf</p></td><td><p>Danske Bank</p></td><td><p>Danske Bank</p></td></tr><tr><td><p>Bank of Ireland UK</p></td><td><p>HSBC</p></td><td><p>HSBC UK</p></td></tr><tr><td><p>Bank of Scotland</p></td><td><p>Lloyds Bank</p></td><td><p>Lloyds Bank</p></td></tr><tr><td><p>Barclays</p></td><td><p>NatWest</p></td><td><p>NatWest</p></td></tr><tr><td><p>BCRS Business Loans</p></td><td><p>RBS</p></td><td><p>RBS</p></td></tr><tr><td><p>Business Enterprise Fund</p></td><td><p>Santander</p></td><td><p>Santander</p></td></tr><tr><td><p>Calverton Finance</p></td><td><p>Ulster Bank</p></td><td><p>Ulster Bank</p></td></tr><tr><td><p>Chamber Acorn Fund</p></td><td><p>TSB</p></td><td><p>Coutts</p></td></tr><tr><td><p>Clydesdale / Yorkshire Bank</p></td><td><p>AIB</p></td><td><p>Greensill</p></td></tr><tr><td><p>Compass Business Finance</p></td><td><p>Starling Bank</p></td><td><p>Metro Bank</p></td></tr><tr><td><p>County Finance Group</p></td><td><p>The Co-operative Bank</p></td><td><p>OakNorth Bank</p></td></tr><tr><td><p>CWRT</p></td><td><p>Bank of Ireland (UK)</p></td><td><p>Secure Trust Bank</p></td></tr><tr><td><p>Danske Bank</p></td><td><p>Skipton Business Finance</p></td><td><p>ThinCats</p></td></tr><tr><td><p>DSL Business Finance</p></td><td><p>Tide</p></td><td><p>Close Brothers</p></td></tr><tr><td><p>Enterprise Answers</p></td><td><p>Metro Bank</p></td><td><p>HSBC Bank plc</p></td></tr><tr><td><p>Finance for Enterprise</p></td><td><p>Paragon Bank</p></td><td><p>Silicon Valley Bank</p></td></tr><tr><td><p>First Enterprise</p></td><td><p>JCB Finance</p></td><td><p>BBVA</p></td></tr><tr><td><p>GC Business Finance</p></td><td><p>Investec</p></td><td><p>Investec</p></td></tr><tr><td><p>Genesis Asset Finance</p></td><td><p>Arbuthnot Latham</p></td><td><p>Mercedes Benz Financial Services</p></td></tr><tr><td><p>Haydock Finance</p></td><td><p>Coutts</p></td><td><p>AIB</p></td></tr><tr><td><p>Hitachi Capital</p></td><td><p>Adam &amp; Co</p></td><td><p>Bank of Ireland (UK)</p></td></tr><tr><td><p>HSBC UK</p></td><td><p>Capital on Tap</p></td><td><p>RBC Capital Markets</p></td></tr><tr><td><p>Let's Do Business Group</p></td><td><p>Funding Circle</p></td><td><p>The Co-operative Bank</p></td></tr><tr><td><p>Lloyds Bank</p></td><td><p>Conister</p></td><td><p>Bank of Ireland (Governor &amp; Company of)</p></td></tr><tr><td><p>Metro Bank</p></td><td><p>GC Business Finance</p></td><td><p> </p></td></tr><tr><td><p>MSIF</p></td><td><p>Close Brothers</p></td><td><p> </p></td></tr><tr><td><p>NatWest</p></td><td><p>Bank of Scotland</p></td><td><p> </p></td></tr><tr><td><p>Newable</p></td><td><p>Barclays</p></td><td><p> </p></td></tr><tr><td><p>RBS</p></td><td><p>Clydesdale / Yorkshire Banks</p></td><td><p> </p></td></tr><tr><td><p>Robert Owen Community Banking</p></td><td><p>Danske Bank</p></td><td><p> </p></td></tr><tr><td><p>Santander</p></td><td><p>HSBC</p></td><td><p> </p></td></tr><tr><td><p>Skipton Business Finance</p></td><td><p>Lloyds Bank</p></td><td><p> </p></td></tr><tr><td><p>SWIG Finance</p></td><td><p>NatWest</p></td><td><p> </p></td></tr><tr><td><p>TSB</p></td><td><p>RBS</p></td><td><p> </p></td></tr><tr><td><p>UKSE</p></td><td><p>Santander</p></td><td><p> </p></td></tr><tr><td><p>Ulster Bank</p></td><td><p>Ulster Bank</p></td><td><p> </p></td></tr><tr><td><p>Arkle Finance Limited</p></td><td><p>TSB</p></td><td><p> </p></td></tr><tr><td><p>Close Brothers</p></td><td><p>AIB</p></td><td><p> </p></td></tr><tr><td><p>Coutts</p></td><td><p>Starling Bank</p></td><td><p> </p></td></tr><tr><td><p>Cynergy Bank</p></td><td><p>The Co-operative Bank</p></td><td><p> </p></td></tr><tr><td><p>OakNorth Bank</p></td><td><p>Bank of Ireland (UK)</p></td><td><p> </p></td></tr><tr><td><p>Secure Trust Bank</p></td><td><p>Skipton Business Finance</p></td><td><p> </p></td></tr><tr><td><p>Starling Bank</p></td><td><p>Tide</p></td><td><p> </p></td></tr><tr><td><p>The Co-operative Bank</p></td><td><p>Metro Bank</p></td><td><p> </p></td></tr><tr><td><p>Funding Circle</p></td><td><p>Paragon Bank</p></td><td><p> </p></td></tr><tr><td><p>AIB</p></td><td><p>JCB Finance</p></td><td><p> </p></td></tr><tr><td><p>IGF</p></td><td><p>Investec</p></td><td><p> </p></td></tr><tr><td><p>Paragon</p></td><td><p>Arbuthnot Latham</p></td><td><p> </p></td></tr><tr><td><p>Thincats</p></td><td><p>Coutts</p></td><td><p> </p></td></tr><tr><td><p>1pm</p></td><td><p>Adam &amp; Co</p></td><td><p> </p></td></tr><tr><td><p>Adam &amp; Co</p></td><td><p>Capital on Tap</p></td><td><p> </p></td></tr><tr><td><p>Assetz Capital</p></td><td><p>Funding Circle</p></td><td><p> </p></td></tr><tr><td><p>Atom bank</p></td><td><p>Conister</p></td><td><p> </p></td></tr><tr><td><p>Ebury</p></td><td><p>GC Business Finance</p></td><td><p> </p></td></tr><tr><td><p>Investec</p></td><td><p>Close Brothers</p></td><td><p> </p></td></tr><tr><td><p>Social Investment Business</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Tower Leasing</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Ultimate Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>White Oak UK</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Bank Leumi / Leumi ABL</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Capital on Tap</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>MarketFinance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Shawbrook Bank</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Liberis</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Community Finance Ireland (previously Ulster Community Investment Trust (UCIT))</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>iwoca</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Scania Financial Services</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Triodos Bank UK</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Woodsford TradeBridge</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>FSE Group, The</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>FW Capital</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Mercia Asset Management</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Whiterock Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Arbuthnot Commerical ABL</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Shire Leasing</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Silicon Valley Bank</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Growth Lending</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Invocap</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>NEL Fund Managers</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Triple Point</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>4Syte</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Asset Finance Partners</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>JCB</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Merchant Money</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>United Trust Bank</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Previse</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Handelsbanken</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Lending Crowd</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Nucleus Commercial Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Maven Capital Partners</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Bank of India</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Fiduciam</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Simply</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Regency Factors</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>BLG Development Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Conister</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>RM Funds</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Western Union Business Solutions</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>LendInvest</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Interbay</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Charities Aid Foundation (CAF)</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Cyan Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Ortus Secured Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Greensill</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Funding 365</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Hampshire Trust Bank</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Kingsway Asset Finance</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>BRYDG Capital</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Kennet Leasing</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>West One</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>KSEYE</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Aspen Bridging</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Pluto Finance</p></td><td><p> </p></td><td><p> </p></td></tr></tbody></table><p />
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2022-02-08T13:35:14.507Zmore like thismore than 2022-02-08T13:35:14.507Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1364879
star this property registered interest false more like this
star this property date less than 2021-11-01more like thismore than 2021-11-01
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Audit: Standards 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 Secretary of State for Business, Energy and Industrial Strategy, with reference to the White Paper on Restoring trust in audit and corporate governance, what assessment he has made of whether managed shared audit is the most effect method of audit reform to improve resilience in the FTSE350. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 67207 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2021-11-09more like thismore than 2021-11-09
star this property answer text <p>The Government’s White Paper on “Restoring Trust in Audit and Corporate Governance: Proposals for Reform” was published in March this year and proposed the introduction of managed shared audit as part of a package of measures, which together aim to improve corporate governance, quality of accounting, auditing and their regulation, and competition and resilience in in the FTSE 350 audit market, for the UK’s largest companies.</p><p> </p><p>The Government is currently considering all submissions from stakeholders, in response to the White Paper and will publish a Government response to the consultation in due course.</p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property grouped question UIN 67208 more like this
star this property question first answered
less than 2021-11-09T17:15:31.49Zmore like thismore than 2021-11-09T17:15:31.49Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1364880
star this property registered interest false more like this
star this property date less than 2021-11-01more like thismore than 2021-11-01
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Audit: Standards 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 Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effectiveness of the introduction of a market share cap, as opposed to managed shared audit, on preventing further corporate failures. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 67208 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2021-11-09more like thismore than 2021-11-09
star this property answer text <p>The Government’s White Paper on “Restoring Trust in Audit and Corporate Governance: Proposals for Reform” was published in March this year and proposed the introduction of managed shared audit as part of a package of measures, which together aim to improve corporate governance, quality of accounting, auditing and their regulation, and competition and resilience in in the FTSE 350 audit market, for the UK’s largest companies.</p><p> </p><p>The Government is currently considering all submissions from stakeholders, in response to the White Paper and will publish a Government response to the consultation in due course.</p> more like this
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property grouped question UIN 67207 more like this
star this property question first answered
less than 2021-11-09T17:15:31.52Zmore like thismore than 2021-11-09T17:15:31.52Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1364881
star this property registered interest false more like this
star this property date less than 2021-11-01more like thismore than 2021-11-01
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Company Law: Standards 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 Secretary of State for Business, Energy and Industrial Strategy, what steps the new Audit Reporting and Governance Authority (ARGA) will take to work in partnership with investors, boards, auditors and other regulators to develop a world-class system of corporate governance in practice. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 67209 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2021-11-09more like thismore than 2021-11-09
star this property answer text <p>The Financial Reporting Council (FRC) has since December 2019 been undertaking a transformation programme to prepare for its transition to the Audit, Reporting and Governance Authority (ARGA). As part of this, the FRC has established a dedicated stakeholder engagement team to enable more extensive engagement and dialogue with investors, boards, auditors and other stakeholders on how the UK’s corporate governance and stewardship frameworks can continue to improve and embed good practice. Further details of this expanded outreach programme can be found in section 6 of the regulator’s latest Annual Report published in July 2021:</p><p><a href="https://www.frc.org.uk/getattachment/985d9c2a-8a6d-4c8b-8172-06858edfabab/FRC-Annual-Report-and-Accounts-2020-21.pdf" target="_blank">https://www.frc.org.uk/getattachment/985d9c2a-8a6d-4c8b-8172-06858edfabab/FRC-Annual-Report-and-Accounts-2020-21.pdf</a>.</p><p> </p><p>The new ARGA will take forward this dialogue and partnership working in line with new statutory objectives, as set out in the Government’s White Paper on ‘Restoring Trust in Audit and Corporate Governance’: <a href="https://www.gov.uk/government/consultations/restoring-trust-in-audit-and-corporate-governance-proposals-on-reforms" target="_blank">https://www.gov.uk/government/consultations/restoring-trust-in-audit-and-corporate-governance-proposals-on-reforms</a>.</p>
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property question first answered
less than 2021-11-09T17:13:43.743Zmore like thismore than 2021-11-09T17:13:43.743Z
unstar this property answering member
4414
star this property label Biography information for Paul Scully more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter
1352685
star this property registered interest false more like this
star this property date less than 2021-09-03more like thismore than 2021-09-03
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Heating 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 Secretary of State for Business, Energy and Industrial Strategy, when he plans to publish the Heat and Buildings Strategy. more like this
star this property tabling member constituency Thirsk and Malton more like this
star this property tabling member printed
Kevin Hollinrake more like this
star this property uin 42002 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2021-09-09more like thismore than 2021-09-09
star this property answer text <p>The Government is planning to publish a Heat and Buildings Strategy in due course. The strategy will set out the immediate actions we will take for reducing emissions from buildings, as well as our approach to the key strategic decisions needed to achieve a mass transition to low-carbon heat.</p> more like this
star this property answering member constituency Berwick-upon-Tweed more like this
star this property answering member printed Anne-Marie Trevelyan more like this
star this property question first answered
less than 2021-09-09T16:15:53.57Zmore like thismore than 2021-09-09T16:15:53.57Z
unstar this property answering member
4531
star this property label Biography information for Anne-Marie Trevelyan more like this
star this property tabling member
4474
unstar this property label Biography information for Kevin Hollinrake remove filter