We are focused on getting a deal and we are working in a determined way to get that deal.<\/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 \u2013 the highest level in all but one of the last 31 years.<\/p>
<\/p>
The Government and the independent Bank of England have the policy tools available to them, and we\u2019ll work closely with the Bank of England to ensure fiscal and monetary remain well co-ordinated.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-07T06:57:24.047Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-10-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Housing"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4523", "label" : {"_value" : "Biography information for Catherine West"} } , "tablingMemberConstituency" : {"_value" : "Hornsey and Wood Green"} , "tablingMemberPrinted" : [{"_value" : "Catherine West"} ], "uin" : "292970"} , {"_about" : "http://data.parliament.uk/resources/1147042", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1147042/answer", "answerText" : {"_value" : "
The Government is currently considering how best to support businesses across the country in the event of a no deal exit from the EU.<\/p>
<\/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>
We are monitoring businesses and sectors which may be exposed to short-term difficulties as a result of EU Exit and have been clear that should there be no deal, we would support the economy through whatever appropriate action is necessary, in keeping with the principles of managing public money.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-03T16:37:12.403Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-09-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Government Assistance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the oral contribution of 25 September 2019 from the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, Official Report Column 739, if he will publish the criteria for which a business will be judged fundamentally viable in order to receive assistance from the Government in the event of the UK leaving the EU without a deal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"} } , "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"} , "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"} ], "uin" : "292234"} , {"_about" : "http://data.parliament.uk/resources/1147043", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1147043/answer", "answerText" : {"_value" : "
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>
The Government has introduced significant and widespread measures to aid SMEs\u2019 preparations for Brexit. We have created a £108m Brexit Business Preparedness Pot \u2013 which is being allocated across government.<\/p>
<\/p>
The Government is supporting the North through devolution deals for, among others, Manchester, Liverpool, and, most recently, North of Tyne, as well as through over £13 billion of investment in better transport across the north. In addition, we have invested over £3 billion from the local growth fund in the region since 2015, and we committed at the last Budget to announce a renewed northern powerhouse strategy.<\/p>
<\/p>
In the event the UK leaves the EU without a deal, the Government has guaranteed funding for certain EU funded projects agreed before the end of 2020. This includes EU funded research projects, where UK organisations successfully bid directly to the European Commission on a competitive basis, and ensures that UK charities, businesses and universities, will continue to receive funding over a project\u2019s lifetime, even in a no deal scenario.<\/p>
<\/p>
The UK economy remains resilient but we will continue to closely monitor any developments in economic risks to firms, sectors, and regions. Should circumstances require, the government will take the necessary action to support the UK economy through the transition.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-03T16:38:25.217Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-09-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Government Assistance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the oral contribution of 25 September 2019 from the Chancellor of the Duchy of Lancaster, and Minister for the Cabinet Office, Official Report Column 739, what support has been planned for fundamentally viable businesses in the North East in the event of supply chain and trade issues as a result of the UK leaving the EU on 31 October 2019.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4124", "label" : {"_value" : "Biography information for Chi Onwurah"} } , "tablingMemberConstituency" : {"_value" : "Newcastle upon Tyne Central"} , "tablingMemberPrinted" : [{"_value" : "Chi Onwurah"} ], "uin" : "292235"} , {"_about" : "http://data.parliament.uk/resources/1147126", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1147126/answer", "answerText" : {"_value" : "
Organisations that have successfully bid directly to the European Commission for Asylum, Migration and Integration Fund (AMIF) funding on a competitive basis while the UK is still in the EU are covered by this guarantee. The £16.6 billion of funding announced includes provisions for eligible AMIF recipients.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-03T16:41:30.493Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-09-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Asylum, Migration and Integration Fund"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, with reference to his announcement of 28 September 2019 of £16.6 billion to guarantee funding for organisations in receipt of EU programme funding in the event of the UK leaving the EU without a deal, whether charities and non-Governmental organisations that receive funding from the Asylum, Migration and Integration Fund will be eligible for that funding.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1591", "label" : {"_value" : "Biography information for Tim Farron"} } , "tablingMemberConstituency" : {"_value" : "Westmorland and Lonsdale"} , "tablingMemberPrinted" : [{"_value" : "Tim Farron"} ], "uin" : "292183"} , {"_about" : "http://data.parliament.uk/resources/1147163", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1147163/answer", "answerText" : {"_value" : "
Between 2016 and this summer, the government has provided over £6bn of additional funding for departments and devolved administrations to prepare for EU exit. This has all been core funding, for any scenario.<\/p>
<\/p>
In addition to this core funding, the Chancellor announced £2.1bn on 1 August 2019 specifically to prepare for leaving the EU without a deal.<\/p>
<\/p>
Further to these allocations of funding, on 30 September 2019 the government reaffirmed its funding guarantee 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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-03T16:33:37.267Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-09-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Brexit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what proportion of the funding for preparations for the UK leaving the EU have been allocated to preparations for leaving (a) with and (b) without a deal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4408", "label" : {"_value" : "Biography information for Christian Matheson"} } , "tablingMemberConstituency" : {"_value" : "City of Chester"} , "tablingMemberPrinted" : [{"_value" : "Christian Matheson"} ], "uin" : "292269"} , {"_about" : "http://data.parliament.uk/resources/1147246", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1147246/answer", "answerText" : {"_value" : "
We would prefer to leave with a deal, and we will work in an energetic and determined way to get that better deal.<\/p>
<\/p>
The fundamentals of the British economy are strong \u2013 wages are growing at the fastest rate in over a decade, employment is at a joint record high and the unemployment rate is at its lowest in over 40 years.<\/p>
<\/p>
<\/p>
The Government is turbocharging preparations to ensure we are ready to leave with or without a deal on 31 October, and all necessary funds will be made available. HM Treasury routinely monitors economic conditions and risks.<\/p>
<\/p>
Short-term forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR\u2019s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy.<\/p>
<\/p>
The Bank of England also provided analysis of the EU exit impacts on the UK economy consistent with its responsibilities on monetary policy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"} } , "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"} , "answeringMemberPrinted" : {"_value" : "Rishi Sunak"} , "dateOfAnswer" : {"_value" : "2019-10-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-10-03T16:35:37.353Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-09-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Housing: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the financial effect on the housing sector of the UK leaving the EU without a deal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4523", "label" : {"_value" : "Biography information for Catherine West"} } , "tablingMemberConstituency" : {"_value" : "Hornsey and Wood Green"} , "tablingMemberPrinted" : [{"_value" : "Catherine West"} ], "uin" : "292372"} , {"_about" : "http://data.parliament.uk/resources/1145781", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1145781/answer", "answerText" : {"_value" : "
We would prefer to leave with a deal, and we will work in an energetic and determined way to get that better deal.<\/p>
<\/p>
The Government is turbocharging preparations to ensure we are ready to leave on 31 October, and all necessary funds will be made available.<\/p>
<\/p>