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To ask Her Majesty's Government what quantitative measure or measures they will use to determine the success of their levelling up policies.
To ask Her Majesty's Government what quantitative measure or measures they will use to determine the success of their levelling up policies.
Levelling up is at the heart of the Government’s agenda to build back better after the pandemic and deliver for the people of the UK. The Government will publish a White Paper in due course that will set out our plans in more detail.
To ask Her Majesty's Government what plans they have, if any, to abolish the Cornwall and Isles of Scilly Local Enterprise Partnership; if they have such plans, to which body the Partnership's responsibilities would be transferred; and where it would be based.
To ask Her Majesty's Government what plans they have, if any, to abolish the Cornwall and Isles of Scilly Local Enterprise Partnership; if they have such plans, to which body the Partnership's responsibilities would be transferred; and where it would be based.
The Government is hugely grateful for the work LEPs have done over the last ten years to support their local economies, including through the Local Growth Fund, Growth Hubs and giving valuable insight to local and national government. Earlier this year the Budget set out significant changes to the way local growth investments are supported, decentralising power and working more directly with local government across the United Kingdom. A review of the LEP was announced at the Spring Budget with the intention to state the Government’s plans around the role of LEPs in the forthcoming White Paper and at the Spending Review.
To ask Her Majesty's Government whether will release the proposal sent by the Treasury to supply chain financiers to be incorporated in the Covid Corporate Financing Facility fund, as referred to by Rt Hon David Cameron in evidence to the House of Commons Treasury Select Committee on 13 May.
To ask Her Majesty's Government whether will release the proposal sent by the Treasury to supply chain financiers to be incorporated in the Covid Corporate Financing Facility fund, as referred to by Rt Hon David Cameron in evidence to the House of Commons Treasury Select Committee on 13 May.
https://committees.parliament.uk/publications/5758/documents/66074/default/
To ask Her Majesty's Government whether they plan to hold an inquiry into (1) the granting of a banking licence to Wyelands Bank, and (2) its subsequent supervision by the Prudential Regulation Authority.
To ask Her Majesty's Government whether they plan to hold an inquiry into (1) the granting of a banking licence to Wyelands Bank, and (2) its subsequent supervision by the Prudential Regulation Authority.
Since the financial crisis, we have implemented sweeping reforms to financial regulation. Through the Financial Services Act 2012, we dismantled the failed tripartite system, and replaced it with a set of regulators with clear objectives and responsibilities, with the Prudential Regulation Authority (PRA) responsible for the prudential supervision of the UK banking sector, and the Financial Conduct Authority (FCA) for ensuring proper conduct in line with UK financial regulations.
Wyelands Bank remains authorised by the PRA and regulated by the PRA and the FCA; however, as shown on the Financial Services Register, its permission to perform regulated activities is subject to limitations.
Although HM Treasury does not comment on supervisory matters, we continuously monitor risks across the financial sector and escalate our response where appropriate in coordination with the independent financial authorities – the FCA, PRA and Bank of England – as well as relevant government departments.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 27 April (HL14881), whether they will now answer the question put, namely, how much they have paid or are obliged to pay Greensill Capital in year one interest payments made under the Coronavirus Business Interruption Loan Scheme;...
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 27 April (HL14881), whether they will now answer the question put, namely, how much they have paid or are obliged to pay Greensill Capital in year one interest payments made under the Coronavirus Business Interruption Loan Scheme;...
Recipients of any Coronavirus Business Interruption Loan Scheme (CBILS) loans made by any lender are entitled to apply for business interruption payments from the Government which cover the interest and any lender-levied fees in the first 12 months of any CBILS facility.
We are unable to provide of a breakdown of CBILS data by lender as this is commercially sensitive for lenders and borrowers. However, data on individual loans will be published where required on the European Commission’s Transparency Aid Module, in due course.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 28 April (HL15066), whether they will now answer the question put, namely, how quickly after accreditation Greensill Capital disbursed Coronavirus Business Interruption Loan Scheme funds.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 28 April (HL15066), whether they will now answer the question put, namely, how quickly after accreditation Greensill Capital disbursed Coronavirus Business Interruption Loan Scheme funds.
Greensill Capital were approved by the British Business Bank in June last year to provide finance through the Coronavirus Business Interruption Loan Scheme (CBILS), based on criteria set out in the CBILS “Request for Proposals”.
The British Business Bank is currently undertaking an investigation into Greensill’s lending under the Covid schemes and as such it would not be appropriate to comment on its lending at this time.
While the Bank investigates Greensill’s position, it remains an accredited lender for CBILS, although it has not been able to originate new lending since October 2020.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 29 April (HL15063), what assessment they have made of the impact of the publication by the Bank of England of a Written Submission to the House of Commons Treasury Select Committee which refers to its communications with German Financial...
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 29 April (HL15063), what assessment they have made of the impact of the publication by the Bank of England of a Written Submission to the House of Commons Treasury Select Committee which refers to its communications with German Financial...
I refer the Noble Lord to the answer I gave him on 29 April 2021 to Question HL15063.
To ask Her Majesty's Government, further to their obligations under the European Commission's State Aid Transparency Award Module, whether they plan to publish details of (1) the identity of borrowers, (2) the amounts advanced, and (3) the date of the advances from Greensill Capital, made under the Coronavirus Business Interruption...
To ask Her Majesty's Government, further to their obligations under the European Commission's State Aid Transparency Award Module, whether they plan to publish details of (1) the identity of borrowers, (2) the amounts advanced, and (3) the date of the advances from Greensill Capital, made under the Coronavirus Business Interruption...
Details of facilities made available under the Coronavirus Business Interruption Loan Scheme will be published where required on the European Commission’s Transparency Aid Module. Further information can be found on the British Business Bank’s website.
To ask Her Majesty's Government, further to the Written Answer by Lord True on 29 April (HL15167), whether they will now answer the question put, namely, further to the summary report published by the Registrar of Consultant Lobbyists on 26 March following its investigation into Rt Hon David Cameron, whether the Registrar...
To ask Her Majesty's Government, further to the Written Answer by Lord True on 29 April (HL15167), whether they will now answer the question put, namely, further to the summary report published by the Registrar of Consultant Lobbyists on 26 March following its investigation into Rt Hon David Cameron, whether the Registrar...
As outlined in my response on 29 April, the Registrar of Consultant Lobbyists is a statutory independent office holder responsible for maintaining the lobbying register. The Registrar's investigations and decisions must be made independently of the Government.
Details of the Registrar’s investigations are published on the website of the Office of the Registrar of Consultant Lobbyists at https://registrarofconsultantlobbyists.org.uk and his Office can be contacted at enquiries@orcl.gov.uk.
To ask Her Majesty's Government whether the Prime Minister met representatives of any of the football clubs that proposed to establish the European Super League in the last month; and if so, whether the proposal was discussed.
To ask Her Majesty's Government whether the Prime Minister met representatives of any of the football clubs that proposed to establish the European Super League in the last month; and if so, whether the proposal was discussed.
I refer the Noble Lord to the Prime Minister’s answer to Written Question 187255 answered on 29th April, and to his answer to the Hon Member for Luton South (Rachel Hopkins) at Prime Minister’s Questions on 28 April (column 376).
To ask Her Majesty's Government whether Nigel Boardman is the chair of the Audit, Risk and Assurance Committee at the Department for Business, Energy and Industrial Strategy; and whether that Committee is responsible for overseeing the risk audit and credit functionality at the British Business Bank.
To ask Her Majesty's Government whether Nigel Boardman is the chair of the Audit, Risk and Assurance Committee at the Department for Business, Energy and Industrial Strategy; and whether that Committee is responsible for overseeing the risk audit and credit functionality at the British Business Bank.
Nigel Boardman is a non-executive board member of the Department for Business, Energy and Industrial Strategy (BEIS) and the Chair of the Audit and Risk Assurance Committee (ARAC).
The British Business Bank (BBB) is an operationally independent arm’s length body of Government. As such, and in accordance with the UK Corporate Governance Code, BBB has separate independent Audit and Risk Committees comprising of independent non-executive directors. BBB’s Board is responsible for internal controls and risk management systems in BBB. Through the governance statement in BBB’s Annual Report and Accounts there is a requirement for BBB to provide assurances to the Government and other stakeholders on performance and insight on BBB’s risk profile, the responses to the identified and emerging risks and how risks have been successfully tackled.
To ask Her Majesty's Government which department or agency is responsible for managing the sensitivity of (1) public accounts, and (2) expenditure, to interest rate movements.
To ask Her Majesty's Government which department or agency is responsible for managing the sensitivity of (1) public accounts, and (2) expenditure, to interest rate movements.
As the government’s economic and finance ministry, HM Treasury is responsible for maintaining control over public spending, including debt interest expenditure. The Office for Budget Responsibility publish estimates of the sensitivity of debt interest spending to changes in interest rates in their Economic and Fiscal Outlook. We have strong independent economic institutions and a well-established macroeconomic framework that ensures we are well placed to deal with risks to our public finances.
To ask Her Majesty's Government whether, as a creditor of Greensill Capital and Greensill Bank, they will ask the administrators of those companies and related parties (1) to examine the personal expense claims made by (a) directors, (b) executives, and (c) advisors, for non-business related payments, including use of private...
To ask Her Majesty's Government whether, as a creditor of Greensill Capital and Greensill Bank, they will ask the administrators of those companies and related parties (1) to examine the personal expense claims made by (a) directors, (b) executives, and (c) advisors, for non-business related payments, including use of private...
The Government provides a guarantee, rather than direct funding, to lenders who are participating in the Bounce Back Loan, CBIL or CLBIL Schemes. Lenders participating in the Schemes must source their own funding, as they do for standard business lending.
Greensill Bank is a German bank, and so is regulated by the German supervisory authority, BaFin.
The administrator of Greensill Capital must send the Secretary of State for Business, Energy and Industrial Strategy, a report on the conduct of all directors who were in office in the last 3 years of the company’s trading.
To ask Her Majesty's Government whether Rt Hon David Cameron stayed at any British Embassies, Consulates or Residencies since he joined Greensill Capital as an adviser in August 2018; if so, whether any of those stays were in (1) France, (2) Germany, (3) Saudi Arabia, or (4) the United States; and...
To ask Her Majesty's Government whether Rt Hon David Cameron stayed at any British Embassies, Consulates or Residencies since he joined Greensill Capital as an adviser in August 2018; if so, whether any of those stays were in (1) France, (2) Germany, (3) Saudi Arabia, or (4) the United States; and...
To ask Her Majesty's Government on how many occasions since September 2016 did Rt Hon David Cameron take overnight accommodation at (1) UK Embassies, (2) UK Consulates, or (3) UK Residencies; and whether, on any of these occasions, accommodation was also provided to (a) Lex Greensill, or (b) any associate...
To ask Her Majesty's Government on how many occasions since September 2016 did Rt Hon David Cameron take overnight accommodation at (1) UK Embassies, (2) UK Consulates, or (3) UK Residencies; and whether, on any of these occasions, accommodation was also provided to (a) Lex Greensill, or (b) any associate...
To ask Her Majesty's Government whether they (1) received, or (2) sought, any information from (a) the government of Germany, (b) German financial regulators, or (c) the German Deposit Protection Scheme in connection with Greensill Bank before the British Business Bank accredited Greensill Capital as a Coronavirus Business Interruption Loan...
To ask Her Majesty's Government whether they (1) received, or (2) sought, any information from (a) the government of Germany, (b) German financial regulators, or (c) the German Deposit Protection Scheme in connection with Greensill Bank before the British Business Bank accredited Greensill Capital as a Coronavirus Business Interruption Loan...
The Department neither sought nor received any information from the German government, German financial regulators, or the German Deposit Protection Scheme in connection with Greensill Bank.
The decision to accredit Greensill Capital was made independently by the British Business Bank (the Bank) and in accordance with the Bank’s usual procedures. The Bank ran an accreditation process for lenders to participate in the Coronavirus Business Interruption Loan Scheme (CBILS), which included due consideration of whether a prospective lender met the criteria set out in the CBILS Request for Proposals (a publicly available document).
At the point of accreditation and based on the information provided to it, the Bank considered that Greensill Capital met the required criteria.
To ask Her Majesty's Government, further to the summary report published by the Registrar of Consultant Lobbyists on 26 March following its investigation into Rt Hon David Cameron, whether the Registrar had sight of any contract of employment between Mr Cameron and Greensill companies; and whether (1) any such contracts,...
To ask Her Majesty's Government, further to the summary report published by the Registrar of Consultant Lobbyists on 26 March following its investigation into Rt Hon David Cameron, whether the Registrar had sight of any contract of employment between Mr Cameron and Greensill companies; and whether (1) any such contracts,...
The Registrar of Consultant Lobbyists is a statutory independent office holder responsible for maintaining the lobbying register. The Registrar's investigations and decisions must be made independently of the Government.
Details of the Registrar’s investigations are published on the website of the Office of the Registrar of Consultant Lobbyists at https://registrarofconsultantlobbyists.org.uk/, and his Office can be contacted at enquiries@orcl.gov.uk.
To ask Her Majesty's Government whether (1) Bill Crothers, or (2) his consultancy company, were employed by the Government on (a) project work, or (b) any other work, after Mr Crothers ceased to be a civil servant.
To ask Her Majesty's Government whether (1) Bill Crothers, or (2) his consultancy company, were employed by the Government on (a) project work, or (b) any other work, after Mr Crothers ceased to be a civil servant.
Cabinet Office does not have records of Bill Crothers working on project work or any other work during the specified time.
With regard to his consultancy company, details of Government contracts above £10,000 should be published on Contracts Finder: https://www.contractsfinder.service.gov.uk/Search.
I also refer the noble peer to the letters on the ACOBA website relating to business appointments and Mr Crothers.
To ask Her Majesty's Government whether they have any records of the Rt Hon David Cameron (1) contacting, or (2) arranging meetings with, (a) ministers, or (b) senior civil servants, over the last three years, in connection with Afiniti Limited.
To ask Her Majesty's Government whether they have any records of the Rt Hon David Cameron (1) contacting, or (2) arranging meetings with, (a) ministers, or (b) senior civil servants, over the last three years, in connection with Afiniti Limited.
Ministers and permanent secretaries’ meetings on official government business with external organisations are published on a quarterly basis and are made available on GOV.UK.
To ask Her Majesty's Government what functions Lex Greensill performed as a Crown Representative; how long he held that position; which person or office he reported to; and who was responsible for his appointment to that position.
To ask Her Majesty's Government what functions Lex Greensill performed as a Crown Representative; how long he held that position; which person or office he reported to; and who was responsible for his appointment to that position.
The Prime Minister has asked Mr Boardman to conduct a review that will look into the decisions taken around the development and use of supply chain finance (and associated schemes) in government, especially the role of Lex Greensill and Greensill Capital. The full terms of reference are set out at https://www.gov.uk/government/news/review-into-the-development-and-use-of-supply-chain-finance-in-government-terms-of-reference.
The review will report to the Prime Minister by 30 June 2021. The Government will publish and present to Parliament the Review’s findings and the Government’s response in due course thereafter.
Correspondence between the Cabinet Office and the Advisory Committee on Business Appointments is published at https://www.gov.uk/government/publications/crothers-bill-government-chief-commercial-officer-cabinet-office-acoba-recommendation.