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1202078

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Welfare Tax Credits
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what plans they have to introduce a tax credit system after the COVID-19 pandemic similar to the post-war credits that were introduced after the Second World War.
tabling member printed	Lord Brooke of Alverthorpe
uin	HL5465
answer	answer is ministerial correction date of answer 23/06/2020 answer text <p>The Government keeps all aspects of the tax system under review; as we exit the current crisis, we will take stock of the economy and public finances and make the right decisions at that point.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 23/06/2020 14:04:33 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3335 label Biography information for Lord Brooke of Alverthorpe

1202080

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus Job Retention Scheme
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether it is their intention that employers are reimbursed under the Coronavirus Job Retention Scheme for employees who are under notice of redundancy.
tabling member printed	Lord Forsyth of Drumlean
uin	HL5467
answer	answer is ministerial correction date of answer 22/06/2020 answer text <p>The Coronavirus Job Retention Scheme (CJRS) has been successful in supporting employers whose operations have been severely affected by coronavirus in retaining their employees and protecting the UK economy.</p><p>Where a business considers that redundancy is the only option, standard employment law applies to employees on furlough. CJRS grants cannot be used to substitute redundancy payments.</p> answering member printed Lord Agnew of Oulton question first answered 22/06/2020 13:08:19 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1141 label Biography information for Lord Forsyth of Drumlean

1202081

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Covid Corporate Financing Facility
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what criteria will be used to assess whether a business seeking funding under the Covid Corporate Financing Facility qualifies as making "a material contribution to the UK economy".
tabling member printed	Lord Myners
uin	HL5469
answer	answer is ministerial correction date of answer 22/06/2020 answer text <p>In practice, firms that meet this requirement would normally be: UK incorporated companies, including those with foreign-incorporated parents and with a genuine business in the UK; companies with significant employment in the UK; firms with their headquarters in the UK. We also consider whether the company generates significant revenues in the UK, serves a large number of customers in the UK or has a number of operating sites in the UK. These criteria are set out in the Facility’s pages on the Bank of England website.</p> answering member printed Lord Agnew of Oulton question first answered 22/06/2020 13:06:17 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1202111

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Cards: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what steps they are taking to provide support to people who have fallen behind on their credit card and bill payments as a result of the COVID-19 pandemic.
tabling member printed	Lord Pendry
uin	HL5471
answer	answer is ministerial correction date of answer 23/06/2020 answer text <p>The Government recognises that the outbreak of COVID-19 may lead to consumers facing financial difficulty and uncertainty.</p><p> </p><p>The major banks and building societies have pledged to provide relief to customers impacted by COVID-19, including deferring mortgage and other loan repayments, waiving fees on savings accounts, and increasing overdraft or credit card limits.</p><p> </p><p>On 9 April the Financial Conduct Authority (FCA) also announced a series of measures intended to provide emergency support to consumers who are facing temporary cash flow problems as a result of the coronavirus outbreak. These measures came into force on Tuesday 14 April.</p><p> </p><p>These measures include, allowing consumers either a 3-month payment holiday or to make nominal payments towards credit cards, store cards, catalogue credit and certain personal loan agreements. It is important to note that lenders can continue to charge interest during this 3-month period. Customers should contact their lender if they are experiencing short-term cash flow problems and would benefit from these measures.</p><p> </p><p>In their guidance for firms, the FCA set out their expectation that the payment deferrals described here should not worsen the arrears status of a consumer’s credit file during the payment deferral period.</p><p> </p><p>The Chancellor has also announced a wide package of economic support measures including the Self-employment Income Support Scheme and the Coronavirus Job Retention Scheme, to support businesses and consumers during this pandemic.</p> answering member printed Lord Agnew of Oulton question first answered 23/06/2020 13:56:30 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	457 label Biography information for Lord Pendry

1202112

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what assessment they have made of the economic impact the restrictions in place to address the COVID-19 pandemic has had on university cities and towns; and what financial assistance, if any, they intend to provide.
tabling member printed	Lord Pendry
uin	HL5472
answer	answer is ministerial correction date of answer 23/06/2020 answer text We recognise that every region and community will be feeling the impacts of this crisis and we are working to monitor the impact of Covid-19 on local communities across the United Kingdom.<p> </p>In May, we announced measures to support students and universities. These included bringing forward £100m of research funding for vital research, and an estimated £2.6bn worth of tuition fee payments for providers to help manage cash flow.<p> </p><p>The Government has also confirmed that providers are eligible to apply for its support packages, including business loan support schemes, which the Office for Students (OfS) the regulator in England, estimates could be worth at least £700m to the sector, depending on eligibility and take up.</p><p> </p>We are working closely with local areas to make sure that individuals and businesses in all regions are directed to the right support during this difficult period. answering member printed Lord Agnew of Oulton question first answered 23/06/2020 16:48:39 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	457 label Biography information for Lord Pendry