The UK, along with the rest of the world, is continuing to face significant economic disruption in the wake of the Covid-19 pandemic, with both the OBR and Bank of England publishing scenarios that are consistent with significant falls in GDP this year.<\/p>
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The Government has announced unprecedented support for the economy, including via the Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme, the Coronavirus Business Interruption Loan Schemes and the Bounce Back Loan Scheme. However, despite these policies, there will be challenging times ahead, and we will not be able to protect every single job or save every single business.<\/p>
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The Government is committed to supporting the lowest paid workers and helping unemployed people go back into work and so is continuing to review what can be done to support those most vulnerable to job loss and to aid the UK\u2019s economic recovery. We are working to ensure our labour market policy response is appropriate and effective.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"} } , "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"} , "dateOfAnswer" : {"_value" : "2020-06-30", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-06-30T15:56:02.333Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-06-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Situation: Coronavirus"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "Her Majesty's Government what assessment they have made of the findings in the report by McKinsey & Company COVID-19 in the United Kingdom: Assessing jobs at risk and the impact on people and places that (1) \u201cUK Gross Domestic Product in 2020 is expected to shrink by 9 per cent\u201d, (2) \u201c7.6 million jobs are at risk\u201d, (3) \u201cpeople and places with the lowest incomes are the most vulnerable to job loss\u2026 with nearly 50 per cent of all the jobs at risk are in occupations earning less than £10 per hour\u201d; and what measures they intend to put in place to address those findings.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/738", "label" : {"_value" : "Biography information for Lord Alton of Liverpool"} } , "tablingMemberPrinted" : [{"_value" : "Lord Alton of Liverpool"} ], "uin" : "HL5742"} , {"_about" : "http://data.parliament.uk/resources/1204174", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1204174/answer", "answerText" : {"_value" : "
The Government recognises the important role payment holidays play in providing temporary support to consumers through this period and continues to work closely with the Financial Conduct Authority (FCA) to support consumers facing financial difficulty as a result of the COVID-19 outbreak.<\/p>
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Lenders must act responsibly when deciding whether and how much credit to issue. This includes assessing consumers\u2019 ability to repay. The information on a consumer\u2019s credit file is an important part of this assessment. FCA guidance makes clear that, during a payment holiday, accounts should be recorded to ensure the consumers\u2019 current credit data position is maintained or frozen for the duration of the payment holiday period. The Government expects that this should not impact on a consumer\u2019s credit file.<\/p>
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Consumers should speak to their lender about their options when coming to the end of their payment holiday.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"} } , "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"} , "dateOfAnswer" : {"_value" : "2020-06-30", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-06-30T15:57:29.607Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-06-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Credit: Coronavirus"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "Her Majesty's Government what steps they are taking to ensure that consumers\u2019 future ability to access credit is not adversely impacted by any payment holidays taken during the COVID-19 pandemic.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4339", "label" : {"_value" : "Biography information for Baroness Brady"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Brady"} ], "uin" : "HL5756"} , {"_about" : "http://data.parliament.uk/resources/1204175", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1204175/answer", "answerText" : {"_value" : "
The Government has taken various steps in developing the Coronavirus Job Retention Scheme to help ensure women are not disadvantaged.<\/p>
<\/p>
Employers can claim through the CJRS for enhanced (earnings related) contractual pay for employees who qualify for either maternity pay, adoption pay, paternity pay, or shared parental pay. Parents who have been furloughed whose period of family-related statutory pay begins on or after 25 April 2020 will have their entitlement calculated on the basis of their usual earnings, and not their furloughed wages. The amount that an employee receives in pay should not be affected due to being on furlough during the relevant 8-week period used to determine entitlement to family-related statutory payments and the earnings-related rates of Statutory Maternity Pay, Statutory Adoption Pay and Maternity Allowance.<\/p>
In addition, the Government has ensured that women returning from maternity leave after 10 June are able to access the CJRS even if they have not been previously furloughed.<\/p>
<\/p>
Detailed information is available in the online guidance.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"} } , "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"} , "dateOfAnswer" : {"_value" : "2020-06-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-06-23T14:04:18.013Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-06-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Coronavirus Job Retention Scheme: Maternity Leave"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "Her Majesty's Government what plans they have to carry out an equality impact assessment of women who are on maternity leave and using the Coronavirus Job Retention Scheme.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4339", "label" : {"_value" : "Biography information for Baroness Brady"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Brady"} ], "uin" : "HL5757"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 3, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }