Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the level of debt that is devalued on the secondary debt market in consumer credit each year.
Answered by Richard Fuller
HM Treasury does not hold data in relation to the secondary debt market trading consumer credit. HM Treasury has also not made estimates of the profits that debt purchasers make by buying devalued consumer debt or of the level of debt that is devalued on the secondary debt market in consumer credit.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an estimate of the amount of money that debt purchasers make by buying devalued consumer debt on the secondary market and seeking to collect it from people in debt.
Answered by Richard Fuller
HM Treasury does not hold data in relation to the secondary debt market trading consumer credit. HM Treasury has also not made estimates of the profits that debt purchasers make by buying devalued consumer debt or of the level of debt that is devalued on the secondary debt market in consumer credit.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an estimate of the size of the secondary debt market trading consumer credit.
Answered by Richard Fuller
HM Treasury does not hold data in relation to the secondary debt market trading consumer credit. HM Treasury has also not made estimates of the profits that debt purchasers make by buying devalued consumer debt or of the level of debt that is devalued on the secondary debt market in consumer credit.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he received commitments from the Chinese government on upholding the Sino-British Joint Declaration ahead of the restart of the UK-China Financial and Economic Dialogue.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The UK Government will continue to urge the Chinese authorities to adhere to their international and legally binding obligations under the Joint Declaration.
We can also pursue an economic relationship with China in a safe, mutually beneficial way without compromising our values. UK-China Economic and Financial Dialogues (EFDs) provide a key mechanism for doing this. We have always been clear that our economic relationship does not come at the expense of our values, and where we have concerns, we will continue to speak out and act.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many Chinese owned companies have benefited from the Coronavirus Job Retention Scheme.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
An estimate is not available for the number of Chinese owned companies that have benefited from the Coronavirus Job Retention Scheme (CJRS).
However, HMRC published a list of employers that claimed through the CJRS since December 2020 on 16 December 2021 which can be found here: https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had recent discussions with representatives of (a) NatWest and (b) other UK based banks that recently cast votes in the patriots only legislative council elections in Hong Kong.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
Ministers meet with a wide range of stakeholders in the course of normal business. Details of all official meetings by ministers are published on www.gov.uk.Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with HSBC on the freezing of pro-democracy activist Ted Hui’s bank account.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Government engages in regular dialogue with businesses in Hong Kong and the UK, as well as monitoring the operation of the financial sector and its participants on an ongoing basis. Financial institutions operating in Hong Kong do so within a strict legal and regulatory framework.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with HSBC on the National Security Law in Hong Kong.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Government engages in regular dialogue with businesses in Hong Kong and the UK, as well as monitoring the operation of the financial sector and its participants on an ongoing basis. Financial institutions operating in Hong Kong do so within a strict legal and regulatory framework.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the implications fpr his policies of HSBC’s decision to transfer executives from the UK to China.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Government engages in regular dialogue with businesses in Hong Kong and the UK, as well as monitoring the operation of the financial sector and its participants on an ongoing basis. Financial institutions operating in Hong Kong do so within a strict legal and regulatory framework.
Asked by: Peter Dowd (Labour - Bootle)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the new UK Infrastructure Bank will have a mandate to offer loan guarantees for at-scale retrofit projects.
Answered by Kemi Badenoch - President of the Board of Trade
As set out in the Budget, the UK Infrastructure Bank will have a broad mandate to offer support across different sectors. This includes being able to support retrofit projects that contribute to achieving net zero emissions, where the Bank’s investment criteria are met.
The Government will provide further guidance on the investment parameters for the Bank in the Framework document to be published at launch.
The Bank will have a range of financing tools at its disposal including senior debt, equity, hybrid products and guarantees.