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1249005

registered interest
date	04/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus: Disease Control
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the economic impact of the Health Protection (Coronavirus, Restrictions) (England) (No.4) Regulations 2020.
tabling member printed	Baroness McGregor-Smith
uin	HL9996
answer	answer is ministerial correction date of answer 18/11/2020 answer text <p>As the Chancellor said in his letter to the TSC on 4 November, HM Treasury does not prepare formal forecasts for the UK economy, which are the responsibility of the independent OBR. They will publish their next forecast on 25 November.</p><p>In addition, within their statutory mandates, the Bank of England’s Monetary Policy Committee (MPC) produce analysis which reflect their independent judgements regarding the impact of Covid-19 on the likely path of the economy. They updated their projections in their Monetary Policy Report published on 5 November. This reflected UK restrictions announced up to 31 October, including “heightened England-wide measures for the period 5 November to 2 December”. In this scenario, GDP was revised downwards and is now expected to contract by 2% in Q4 reflecting the impact of stricter measures to control Covid-19.</p> answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:14:53 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4554 label Biography information for Baroness McGregor-Smith

1249019

registered interest
date	04/11/2020
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	To ask Her Majesty's Government what assessment they have made of the impact of ending the Coronavirus Job Retention Scheme on employment levels.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL10010
answer	answer is ministerial correction date of answer 18/11/2020 answer text On 5 November, the Chancellor announced an extension to the Coronavirus Job Retention Scheme until the end of March 2021, to ensure jobs and businesses are protected through the winter. answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:14:18 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1249025

registered interest
date	04/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether there is any process in place to speed up the provision of tax rebates to people whose income has been affected by COVID-19.
tabling member printed	Baroness Sherlock
uin	HL10017
answer	answer is ministerial correction date of answer 18/11/2020 answer text <p>HMRC does not have a process to identify customers whose income has been affected by Covid-19 and speed up tax rebates to them. HMRC seeks to return all identified tax rebates to all customers as quickly as possible.</p> answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:11:23 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4147 label Biography information for Baroness Sherlock

1249031

registered interest
date	04/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employed: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the finding in the report by the Institute of Fiscal Studies Income protection for the self-employed and employees during the coronavirus crisis, published on 2 April, that 18 per cent of self-employed individuals are ineligible for COVID-19 financial support; and what steps they are taking to expand access to the Self-Employment Income Support Scheme.
tabling member printed	Lord Taylor of Warwick
uin	HL10023
answer	answer is ministerial correction date of answer 18/11/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) has been a generous support to many but we have tried to target it at those who need it most. The SEISS has a maximum £50,000 threshold for average trading profits and a requirement to earn more than 50% of your income from self-employment.</p><p> </p><p>The self-employed are very diverse and have a wide mix of turnover and profits, with monthly and annual variations even in normal times, and in some cases with substantial alternative forms of income too: for example, those who had more than £50,000 from trading profits in 2018-19 had an average total income of more than £200,000. Around 95 per cent of those with more than half their income from self-employment in 2018-19 could be eligible for this scheme.</p><p> </p><p>As previously announced, new, clearer eligibility criteria have been introduced for the third SEISS grant to ensure it will only be available to self-employed traders who intend to continue to trade and, due to COVID-19, are either facing reduced demand or are temporarily unable to carry out their business. Full guidance on the eligibility criteria will be published in due course, before the scheme opens.</p><p> </p><p>The Government has acknowledged that it hasn’t been able to support everyone in the exact way they would want. Those ineligible for the Self-Employment Income Support Scheme (SEISS) Grant Extension may still be eligible for other elements of the unprecedented financial support available. This includes Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.</p> answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:10:13 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1249036

registered interest
date	04/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus Job Retention Scheme: Wales
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the extension of the paid benefits of the Job Retention Scheme following the announcement of the Health Protection (Coronavirus, Restrictions) (England) (No.4) Regulations 2020, will be fully backdated to 23 October for Wales.
tabling member printed	Baroness Finlay of Llandaff
uin	HL9986
answer	answer is ministerial correction date of answer 18/11/2020 answer text <p>The CJRS has been available in Wales throughout the pandemic. Eligible employers in Wales would have been able to furlough their employees in October and furloughed employees will have received at least 80% of their wages. The CJRS, which was recently extended to the end of March 2021, has always been available UK-wide and all changes to the scheme apply UK-wide, as they have done throughout the pandemic.</p><p> </p><p>To further support the whole UK, the Chancellor recently announced an increase of £2 billion to the upfront guaranteed funding for the devolved administrations. For Wales, this means an increase to £5 billion of support on top of their Spring Budget funding.</p> answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:10:40 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3609 label Biography information for Baroness Finlay of Llandaff