{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_metadata=all&_sort=questionText", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "isPartOf" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&tablingMemberConstituency=Linlithgow%20and%20East%20Falkirk&_properties=answer.isMinisterialCorrection,legislature,houseId&_sort=questionText", "type" : "http://purl.org/linked-data/api/vocab#ListEndpoint"} , "items" : [{"_about" : "http://data.parliament.uk/resources/821466", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/821466/answer", "answerText" : {"_value" : "

HM Revenue and Customs (HMRC)\u2019s Check Employment Status for Tax (CEST) service has been tested for accuracy against known case law and settled cases. It provides an answer for 85 percent of uses, and HMRC will stand by the result given unless a compliance check finds the information provided isn\u2019t accurate.<\/p>

<\/p>

Feedback from customers shows the CEST service is helping to ensure that, for most situations, decisions on whether a worker is in scope of the intermediaries legislation (known as IR35) are simple and quick. HMRC will continue to work with customers to enhance the service, and holds tax guidance on employment status under review.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2018-01-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-01-22T14:48:55.723Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2018-01-12", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Off-payroll Working"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will prioritise a review of the accuracy of the IR35 Digital Tool known as CEST as part of his Department's proposed consultation on off-payroll working rules in the private sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "122384"} , {"_about" : "http://data.parliament.uk/resources/834600", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/834600/answer", "answerText" : {"_value" : "

The Government\u2019s Childcare offer targets greater levels of support at those on lower incomes, but also offers support to parents with middle and higher incomes, who may also struggle with the cost of childcare.<\/p>

<\/p>

Childcare costs are taken into account when Universal Credit and tax credits are calculated, and these benefits offer more generous support with childcare costs (up to 70% under tax credits or up to 85% under Universal Credit) than Tax-Free Childcare to families on lower incomes.<\/p>

<\/p>

Parents who receive tax credits or Universal Credit can choose whether to continue receiving those benefits or to apply for Tax-Free Childcare.<\/p>

<\/p>

More information on the help that parents can get with childcare costs can be found at https://www.gov.uk/help-with-childcare-costs<\/a>.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4097", "label" : {"_value" : "Biography information for Elizabeth Truss"} } , "answeringMemberConstituency" : {"_value" : "South West Norfolk"} , "answeringMemberPrinted" : {"_value" : "Elizabeth Truss"} , "dateOfAnswer" : {"_value" : "2018-02-09", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-02-09T13:59:26.623Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2018-02-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Children: Day Care"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, for what reasons low earning families are not able to claim working tax credits or universal credit if they are using tax-free childcare.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "126048"} , {"_about" : "http://data.parliament.uk/resources/686958", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/686958/answer", "answerText" : {"_value" : "

I refer the Honourable Member to the Written Ministerial Statement made by the Chancellor to the House in October 2016 concerning the Government\u2019s shareholding in Lloyds which he may find useful.<\/p>

<\/p>

(https://hansard.parliament.uk/Commons/2016-10-10/debates/1610102000012/LloydsBankingGroupGovernmentShares?highlight=lloyds%20bank#contribution-3A623DFD-7653-4A00-B93C-3F8E9A05CAB9<\/a>)<\/p>

<\/p>

I should also clarify that retail investors, like any other investor, remain able to buy shares in Lloyds by purchasing shares via a stockbroker.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3929", "label" : {"_value" : "Biography information for Simon Kirby"} } , "answeringMemberConstituency" : {"_value" : "Brighton, Kemptown"} , "answeringMemberPrinted" : {"_value" : "Simon Kirby"} , "dateOfAnswer" : {"_value" : "2017-02-23", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "63554"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-02-23T14:08:31.31Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-02-08", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Lloyds Banking Group"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, for what reasons the public offer of shares in Lloyds Banking Group was cancelled.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "63555"} , {"_about" : "http://data.parliament.uk/resources/389733", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/389733/answer", "answerText" : {"_value" : "

As announced at Summer Budget, families will no longer be able to claim additional support through Child Tax Credit for third or subsequent children in a family where the child is born after April 2017.<\/p>

<\/p>

<\/p>

<\/p>

Children from previous relationships will continue to receive the Child Element in Child Tax Credit if they were born before April 2017 if the new household is eligible for Child Tax Credit.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3969", "label" : {"_value" : "Biography information for Damian Hinds"} } , "answeringMemberConstituency" : {"_value" : "East Hampshire"} , "answeringMemberPrinted" : {"_value" : "Damian Hinds"} , "dateOfAnswer" : {"_value" : "2015-07-20", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-07-20T15:23:02.513Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2015-07-14", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Child Tax Credit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, how he plans to take into account children from previous relationships in limiting child tax credit entitlement to two children per family.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "7165"} , {"_about" : "http://data.parliament.uk/resources/387439", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/387439/answer", "answerText" : {"_value" : "

The detailed information requested is not available.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1529", "label" : {"_value" : "Biography information for Mr David Gauke"} } , "answeringMemberConstituency" : {"_value" : "South West Hertfordshire"} , "answeringMemberPrinted" : {"_value" : "Mr David Gauke"} , "dateOfAnswer" : {"_value" : "2015-07-10", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-07-10T10:57:55.003Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2015-07-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Non-governmental Organisations"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, how many people made donations of paper or other artefacts to non-governmental bodies in lieu of tax in each of the last two financial year for which records are available.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "5447"} , {"_about" : "http://data.parliament.uk/resources/679094", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/679094/answer", "answerText" : {"_value" : "

Officials meet regularly with stakeholders to discuss a wide range of matters, including HM Revenue and Customs\u2019 (HMRC\u2019s) regional transformation plans. In addition, Ministers have discussed this issue with elected representatives.<\/p>

The decision to move to regional centres is part of the wider Government strategy to develop Government hubs. For HMRC this includes consolidating 170 offices, many ageing and in poor condition, across the UK into thirteen new regional centres, four specialist sites and a base at 100 Parliament Street. This will help to maximise flexibility, collaboration and customer service while reducing costs to the taxpayer.<\/p>

HMRC\u2019s internal management information indicates that the vast majority of staff in West Lothian will be within reasonable travelling distance of the Regional Centre. HMRC will conduct one to one meetings with staff about a year in advance of the move to discuss their personal circumstances, whether or not they can move and what more can be done to support them. One to one meetings are held at this time to ensure that the most up to date information on the specific location of the Regional Centre is available to allow decisions to be made.<\/p>

HMRC will support staff moving to the new Regional Centre by helping them with a contribution to additional travel costs, for three years for staff within reasonable daily travel and five years for those who live outside reasonable daily travel, after the move. For any staff who are unable to move, HMRC will look at redeployment options. This will include helping staff to find another role within the Department, or if necessary in other government departments. It is HMRC\u2019s desire to retain as many existing staff as possible within the Department. Exit packages will only be considered when it is established that moving office or redeployment is not an option.<\/p>

HMRC expects that travel support for staff moving to Edinburgh from Bathgate and Livingstone will cost approximately £2 million over a five year period. The estimated exit costs are expected to be approximately £1.45 million.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3918", "label" : {"_value" : "Biography information for Jane Ellison"} } , "answeringMemberConstituency" : {"_value" : "Battersea"} , "answeringMemberPrinted" : {"_value" : "Jane Ellison"} , "dateOfAnswer" : {"_value" : "2017-01-31", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "61840"} , {"_value" : "61841"} , {"_value" : "61843"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-01-31T14:29:56.88Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-01-26", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Revenue and Customs: West Lothian"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if Ministers of his Department will meet with local elected representatives and other key stakeholders in Bathgate to discuss the potential effect of proposals to relocate jobs to regional centres on the local communities affected.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "61842"} , {"_about" : "http://data.parliament.uk/resources/732611", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/732611/answer", "answerText" : {"_value" : "

Finance Act 2016 is clear that a VAT zero-rate will be introduced on women\u2019s sanitary products \u201cnot after the later of, (a) 1st<\/sup> April 2017, and (b) the earliest date that may be appointed consistently with the UK\u2019s EU obligations\u201d.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2017-07-04", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-07-04T14:01:42.487Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-06-26", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Sanitary Products: VAT"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will assess the merits of removing VAT from sanitary products.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "1167"} , {"_about" : "http://data.parliament.uk/resources/584024", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/584024/answer", "answerText" : {"_value" : "

There is no legislative framework for purchase receipts, which are simply an acknowledgment of payment. There is VAT legislation on when an invoice must be provided. This states that VAT-registered businesses are only obliged to provide invoices to other VAT-registered businesses. Expanding the information that must be provided on VAT invoices to cover other taxes and duties, or requiring invoices to be provided to private motorists as well as businesses, would increase administrative burdens for retailers. The Government therefore has no plans to implement this proposal.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3918", "label" : {"_value" : "Biography information for Jane Ellison"} } , "answeringMemberConstituency" : {"_value" : "Battersea"} , "answeringMemberPrinted" : {"_value" : "Jane Ellison"} , "dateOfAnswer" : {"_value" : "2016-10-14", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2016-10-14T09:30:55.467Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2016-09-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Fuels: Taxation"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to ensure that taxes are displayed on fuel purchase receipts.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "46614"} , {"_about" : "http://data.parliament.uk/resources/808924", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/808924/answer", "answerText" : {"_value" : "

Expenditure on training to maintain or update existing skills, including digital skills, is already tax deductible for self-employed individuals when it is wholly and exclusively for the purposes of the business.<\/p>

<\/p>

As announced at Autumn Budget 2017, the government will consult in 2018 on extending the scope of tax relief currently available to employees and the self-employed for work-related training costs. This consultation will cover the tax treatment of new skills.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2017-12-20", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "120032"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-12-20T17:20:26.277Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-12-18", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Self-employed: Tax Allowances"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will bring forward proposals to allow tax-deductions for training courses for the self-employed that develop (a) digital training and (b) other new skills.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4488", "label" : {"_value" : "Biography information for Martyn Day"} } , "tablingMemberConstituency" : {"_value" : "Linlithgow and East Falkirk"} , "tablingMemberPrinted" : [{"_value" : "Martyn Day"} ], "uin" : "120033"} , {"_about" : "http://data.parliament.uk/resources/808892", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/808892/answer", "answerText" : {"_value" : "

The Government established an independent Financial Policy Committee (FPC) to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. In March 2017 the FPC judged the appropriate Tier 1 capital requirement for the UK banking system, in aggregate and net of any countercyclical capital buffer, to be 13.5% of risk-weighted assets, as currently measured. The FPC\u2019s judgement of the appropriate level of capital for the banking system was calibrated such that banks could absorb the cumulative losses in historical stress episodes and continue to provide essential services to the real economy.<\/p>

<\/p>

The Government is supporting lending to SMEs in a variety of ways, including: establishing the British Business Bank to make finance markets work better for small businesses; supporting challenger banks; introducing a bespoke regime for peer-to-peer lending; and structural interventions such as the bank referral scheme and the SME credit data sharing scheme.<\/p>

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