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1361807

registered interest
date	20/10/2021
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	EU Law: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, what (a) factors, (b) tests and (c) decision-making frameworks will be used by the Cabinet Office in the process of taking decisions over whether or not to alter or replace retained EU legislation.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	59865
answer	answer is ministerial correction date of answer 28/10/2021 answer text <p>The exact structures and decision-making frameworks are still being decided. The Cabinet Office lead on the review and are working closely with departments across Whitehall. They will regularly engage with a range of stakeholders and legal experts to review retained EU law, and seek their input into decision-making.</p><p>We have already committed to creating a new standing commission to receive ideas from any British citizen on how to repeal or improve regulation. This standing commission will feed into the relevant committees and decision-making fora.</p><p> </p> answering member constituency Northampton North answering member printed Michael Ellis question first answered 28/10/2021 16:29:40 answering member 4116 label Biography information for Sir Michael Ellis
tabling member	4482 label Biography information for Owen Thompson

1361307

registered interest
date	19/10/2021
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Development and Use of Supply Chain Finance (And Associated Schemes) in Government Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, which recommendations from the Review into the Development and Use of Supply Chain Finance (and Associated Schemes) in Government Part 2: Recommendations and Suggestions, published on 5 August 2021, the Government plans to implement.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58953
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>I refer the Honourable member to the answer to <a href="https://questions-statements.parliament.uk/written-questions/detail/2021-10-15/56701" target="_blank">PQ56701</a>.</p><p>The Government notes the work of the Public Administration and Constitutional Affairs and Treasury Committees, as well as the forthcoming Standards Matter 2 report from the Committee on Standards in Public Life. Once these reports have been published, we will consider their work alongside Mr Boardman’s recommendations and set out a substantive Government policy statement to Parliament in due course.</p><p> </p> answering member constituency Northampton North answering member printed Michael Ellis question first answered 25/10/2021 16:37:28 answering member 4116 label Biography information for Sir Michael Ellis
tabling member	4482 label Biography information for Owen Thompson

1361510

registered interest
date	19/10/2021
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his Answer of 13 July 2021 to Question 29853, on Coronavirus Business Interruption Loan Scheme, when he plans to publish the Government’s evaluation of the covid-19 loan guarantee schemes.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58954
answer	answer is ministerial correction date of answer 27/10/2021 answer text <p>The British Business Bank has commissioned a multi-year evaluation of the Covid-19 loan schemes, comprising process, impact and economic evaluations.</p><p> </p><p>Reports will be published in due course in line with usual government guidelines. The exact timings will depend on how the evaluation progresses. It is expected that results will be published early in each year from 2022 to 2024.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 27/10/2021 16:51:43 answering member 4414 label Biography information for Paul Scully
tabling member	4482 label Biography information for Owen Thompson

1360799

registered interest
date	18/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assurances he has sought from lenders of the (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme that they are being flexible in assisting borrowers in restructuring and refinancing their debt to avoid default.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58439
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>Any business concerned about repayments should get in touch with their lender who will be able to provide support and talk them through their options.</p><p> </p><p>In order to give businesses who have borrowed under the Bounce Back Loan Scheme further support in making their repayments, the Government announced “Pay as You Grow” (PAYG) options. PAYG will give businesses the option to repay their Bounce Back Loan over ten years. This will reduce their average monthly repayments on the loan by almost half. Businesses will also have the option to move temporarily to interest-only payments for periods of up to six months (an option which they can use up to three times). They can also pause their repayments entirely for up to six months. If borrowers want to take advantage of these options, they should notify their lender when they are contacted about their repayments.</p><p> </p><p>For those who borrowed under the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has taken action to allow lenders to provide borrowers with more time to make their repayments where they assess that borrowers are in difficulty and will benefit from the extension. Given loans under CBILS are more varied than the standardised BBLS and resemble more traditional commercial lending, CBILS borrowers are likely to benefit from engagement with their lender if they have concerns about repayments. Lenders have an ongoing relationship with CBILS borrowers and will be best placed to provide support tailored to an individual business’s circumstance.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 58444 question first answered 25/10/2021 13:59:07 answering member 4051 label Biography information for John Glen
tabling member	4482 label Biography information for Owen Thompson

1360800

registered interest
date	18/10/2021
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the (a) current and (b) estimated rate of default amongst (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme borrowers.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58440
answer	answer is ministerial correction date of answer 21/10/2021 answer text <p>Estimates of potential guarantee claims by lenders under the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) were provided in the Department’s 2019/20 Annual Report and Accounts.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 21/10/2021 15:41:28 answering member 4414 label Biography information for Paul Scully
tabling member	4482 label Biography information for Owen Thompson

1360801

registered interest
date	18/10/2021
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of default rates amongst (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme borrowers in its accounting calculations.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58441
answer	answer is ministerial correction date of answer 21/10/2021 answer text <p>Estimates of potential guarantee claims by lenders under the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) were provided in the accounts of the Department for Business, Energy and Industrial Strategy for 2019/20. These estimates were in the range of 10-25% for CBILS and 35-60% for BBLS. Accounting provision for losses and potential future losses will be made in the Department’s 2020/21 accounts, which will be published in due course.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 21/10/2021 14:46:54 answering member 4414 label Biography information for Paul Scully
tabling member	4482 label Biography information for Owen Thompson

1360803

registered interest
date	18/10/2021
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what provision has been made in Treasury accounts for the potential exercising of its Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme guarantee.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58442
answer	answer is ministerial correction date of answer 21/10/2021 answer text <p>Provisions for guarantee claims by lenders under the Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme are made in the accounts of the Department for Business, Energy and Industrial Strategy. This is because the guarantees are issued in the name of the Secretary of State for Business, Energy and Industrial Strategy. Potential losses arising from these two schemes are referenced in the Department’s 2019/20 Annual Report and Accounts as items arising after the reporting period. Accounting provision for potential future losses will be made in the Department’s 2020/21 Annual Report and Accounts, which will be published in due course.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 21/10/2021 15:44:48 answering member 4414 label Biography information for Paul Scully
tabling member	4482 label Biography information for Owen Thompson

1360804

registered interest
date	18/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the main cashflow challenges affecting businesses.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58443
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>The Covid-19 pandemic left many businesses in the UK and elsewhere facing sharp revenue falls in the absence of support. Due to the unprecedented support package put in place by HM Government, UK businesses have made it through the pandemic, often with higher levels of cash reserves than they started. And they are rebounding strongly, with recent figures for August showing that hospitality GVA returned to pre-Covid levels.</p><p> </p><p>However, as the UK and other economies recover from the pandemic, a number of pandemic-related and global factors have led to rising commodity prices, particularly for energy. These and other disruptions in global supply chains, are driving up expenses for UK businesses such as the cost of labour, raw materials and logistics.</p><p> </p><p>We will continue to work closely with other departments to actively monitor these disruptions and their effects on business cashflow, which are being experienced by economies across the globe.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 25/10/2021 08:00:34 answering member 4527 label Biography information for Helen Whately
tabling member	4482 label Biography information for Owen Thompson

1360805

registered interest
date	18/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
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 encourage conversations between Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme lenders and borrowers seeking to restructure or refinance their debt.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	58444
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>Any business concerned about repayments should get in touch with their lender who will be able to provide support and talk them through their options.</p><p> </p><p>In order to give businesses who have borrowed under the Bounce Back Loan Scheme further support in making their repayments, the Government announced “Pay as You Grow” (PAYG) options. PAYG will give businesses the option to repay their Bounce Back Loan over ten years. This will reduce their average monthly repayments on the loan by almost half. Businesses will also have the option to move temporarily to interest-only payments for periods of up to six months (an option which they can use up to three times). They can also pause their repayments entirely for up to six months. If borrowers want to take advantage of these options, they should notify their lender when they are contacted about their repayments.</p><p> </p><p>For those who borrowed under the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has taken action to allow lenders to provide borrowers with more time to make their repayments where they assess that borrowers are in difficulty and will benefit from the extension. Given loans under CBILS are more varied than the standardised BBLS and resemble more traditional commercial lending, CBILS borrowers are likely to benefit from engagement with their lender if they have concerns about repayments. Lenders have an ongoing relationship with CBILS borrowers and will be best placed to provide support tailored to an individual business’s circumstance.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 58439 question first answered 25/10/2021 13:59:07 answering member 4051 label Biography information for John Glen
tabling member	4482 label Biography information for Owen Thompson

1359342

registered interest
date	15/10/2021
answering body	COP26
answering dept id	210
answering dept short name	COP26
answering dept sort name	COP26
hansard heading	Climate Change: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the President of COP26, what steps he is taking to help ensure that the international communities that are worst affected by climate change are involved in designing the (a) mitigation and (b) adaptation solutions supported by the $100 billion climate fund.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	56453
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>The UK is ensuring a large majority of our own international climate finance is grant-based. We are pressing other donor countries for similarly ambitious commitments. Under our G7 Presidency, the G7 committed to scaling up adaptation finance, and we have seen concrete new individual pledges from Canada, Japan, the US, and Denmark in recent months to this effect.</p><p>The UK has committed to delivering a balance through our scaled up ICF and has launched - with other bilateral donors Ireland, Sweden, the Netherlands and Denmark - a Champions Group on Adaptation Finance, with a commitment to deliver a balance of adaptation in climate finance, in response to calls from developing countries. Since launching, Finland and Germany have joined.</p><p>Finance needs to be accessible, particularly for the most marginalised communities. Locally led adaptation is a central priority for the COP26 Presidency, amplifying the calls for greater support for locally led action, and also addressing the barriers that restrict and prevent finance flowing to the local level. Locally led adaptation means communities are directly involved in the design of the solutions.</p> answering member constituency Reading West answering member printed Alok Sharma grouped question UIN 56329 question first answered 25/10/2021 15:25:49 answering member 4014 label Biography information for Sir Alok Sharma
tabling member	4482 label Biography information for Owen Thompson