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1135818

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit
	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 potential merits of introducing (a) a minimum dwell time and (b) prompts that require active demonstrations of consumer understanding on consumer credit application pages.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	271398
	answer	answer is ministerial correction date of answer 04/07/2019 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market, transferring regulatory responsibility to the Financial Conduct Authority (FCA) on 1 April 2014. Although the Treasury sets the legal framework for the regulation of financial services, the FCA is an independent body. Therefore this is a matter for the FCA.</p><p> </p><p>The FCA has tough enforcement powers – criminal, civil and regulatory – to protect consumers and to take action against firms and individuals that do not meet its standards. Since the transfer, the FCA has taken a proactive approach on consumer credit, to ensure that all consumers who use high-cost credit products are treated fairly.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 04/07/2019 14:11:40 answering member 4051 label Biography information for John Glen
	tabling member	1436 label Biography information for Paul Farrelly

1134159

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Redundancy Pay
	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 potential merits of a lower earnings threshold exemption for exit payments in the public sector.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	268435
	answer	answer is ministerial correction date of answer 28/06/2019 answer text <p>The government has previously consulted and legislated on the policy for a cap of £95,000 on exit payments in the public sector. The consultation published on 10 April 2019 seeks views on the draft regulations to implement this policy.</p><p>An equalities impact assessment was conducted and published in the 2016 consultation ahead of the primary legislation. Following the current consultation, a further equalities assessment will be conducted on the final version of the legislation.</p><p>The government is aware of concerns about the impact of the cap on long serving workers and workers that cannot be categorised as amongst the best paid. The government was clear during the passage of the primary legislation that the cap will have no impact on the large majority of public sector workers. The proposed cap, amounting to six times the maximum statutory redundancy entitlement, will still offer a significant level of compensation and support to employees who must support their families, find new employment or as a bridge until retirement age. We accept that there will be some circumstances where it is necessary or desirable to relax the cap. The waiver is in place for use in exceptional situations, including where imposing the cap would cause genuine hardship.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 268436 question first answered 28/06/2019 09:31:13 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1436 label Biography information for Paul Farrelly

1134165

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Redundancy Pay
	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 ensure that proposals to cap exit payments in the public sector does not have a disproportionate effect on (a) women and (b) older people.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	268436
	answer	answer is ministerial correction date of answer 28/06/2019 answer text <p>The government has previously consulted and legislated on the policy for a cap of £95,000 on exit payments in the public sector. The consultation published on 10 April 2019 seeks views on the draft regulations to implement this policy.</p><p>An equalities impact assessment was conducted and published in the 2016 consultation ahead of the primary legislation. Following the current consultation, a further equalities assessment will be conducted on the final version of the legislation.</p><p>The government is aware of concerns about the impact of the cap on long serving workers and workers that cannot be categorised as amongst the best paid. The government was clear during the passage of the primary legislation that the cap will have no impact on the large majority of public sector workers. The proposed cap, amounting to six times the maximum statutory redundancy entitlement, will still offer a significant level of compensation and support to employees who must support their families, find new employment or as a bridge until retirement age. We accept that there will be some circumstances where it is necessary or desirable to relax the cap. The waiver is in place for use in exceptional situations, including where imposing the cap would cause genuine hardship.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 268435 question first answered 28/06/2019 09:31:13 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1436 label Biography information for Paul Farrelly

1133248

	registered interest
	date	19/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to support SMEs affected by the cap on the R&D tax credit scheme.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	266762
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>Research and Development (R&amp;D) tax reliefs, including the small or medium-sized enterprise (SME) scheme, support businesses to invest and are a core part of the government’s support for innovation.</p><p> </p><p>Budget 2018 announced a cap on the payable tax credit element of the SME tax relief scheme of three times the company’s total PAYE and NICs liability for that year, to help prevent identified fraud and abuse of the scheme. The Government consulted on how the cap would be applied to minimise any impact on genuine businesses between 28 March and 24 May, and the responses to that consultation are presently under consideration.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 24/06/2019 15:56:42 answering member 3991 label Biography information for Jesse Norman
	tabling member	1436 label Biography information for Paul Farrelly