Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the impact of his Department's funding for Pub Is The Hub on local communities.

Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

The Government recognises the important role of support organisations such as Pub is The Hub in helping local communities create and maintain vital community assets. Pub is The Hub has received funding from the department previously and their work demonstrates the wider role which pubs can play in running local services, nurturing community relationships, and helping communities to thrive socially and economically.

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if she will make an assessment of the potential impact of restrictions on equity dilution on the capacity of fast growing companies to recruit.

Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)

Share awards can provide an important recruitment incentive and help align employee interests with those of the company. UK company law permits the allotment of shares for employee share schemes without applying the pre-emption provisions that otherwise require newly issued shares to be offered to existing shareholders first to avoid equity dilution. The Financial Conduct Authority’s Listing Rules require shareholder approval of employee share schemes while allowing companies in unusual circumstances to allot shares to retain or recruit a director without such prior approval.

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if she will make an assessment of the potential merits of calling on the Investment Association to amend its principles of remuneration to provide greater flexibility for the dilution of equity in favour of employees in fast growing businesses.

Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)

The Government welcomes the Investment Association’s commitment to review and update its Principles of Remuneration later this year, and its stated objectives to simplify the Principles and ensure that they help support a competitive UK listing environment alongside promoting the right outcomes for shareholders.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when his Department plans to respond to the consultation entitled Stamp Taxes on Shares modernisation, published on 27 April 2023.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

HM Revenue and Customs issued the consultation in question and is currently working on the summary of responses, which will be published in due course.

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Philip Davies Andrew Selous Angus Brendan MacNeil Justin Tomlinson Sir Robert Goodwill Alun

Found: Steve Double Chris Green Sir Oliver Heald Danny Kruger Royston Smith Andrew Rosindell Alun