Asked by: Thangam Debbonaire (Labour - Bristol West)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, pursuant to the Answer of 29 February 2024 to Question 15100 on Rugby: Sixways Stadium, whether her Department has had discussions with Begbies Traynor on setting the criteria for which its decision on proposals from Bond Group Sixways for rugby to be resumed at Sixways Stadium will be made.
Answered by Stuart Andrew - Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
Throughout the pandemic the Government went above and beyond through the Sport Survival Package to provide a range of sports organisations across the country with generous financial support to ensure their survival throughout that difficult period. The Premiership Rugby club, Worcester Warriors, who played at Sixways Stadium were loaned money via the SSP.
In September 2022 Begbies Traynor were appointed as Administrators of Worcester Rugby Football Club (WRFC) Trading and Joint Receivers in relation to further companies within the structure of WRFC Trading. As Administrators, Begbies Traynor have a duty to act in the best interests of creditors and so the Department, as one of those creditors, has a limited role in those proceedings. It is for the Administrator to determine the best course of action to deliver on this objective in line with the Insolvency Act 1986 (as amended).
Bond Group should present their best offer to Begbies Traynors, who can evaluate the proposal and discuss with DCMS.
Asked by: Thangam Debbonaire (Labour - Bristol West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 February 2024 to Question 15211 on Mortgages: Misrepresentation, what redress is available to people missold shared appreciation mortgages not covered by Financial Ombudsman Service rules.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The Financial Conduct Authority (FCA), which is operationally independent of Government, has responsibility for the conduct regulation of shared appreciation mortgages. The FCA sets the rules regarding the information that must be disclosed before, during and after sale of mortgages and, in addition, the jurisdiction of the Financial Ombudsman Service (FOS).
Products like shared appreciation mortgages have been regulated since 2004 when wider mortgage regulations were first introduced, however a consumer’s right to pursue redress through legal channels is unaffected by the jurisdiction of the FOS. Anyone considering this option should consider seeking independent legal advice.
Asked by: Thangam Debbonaire (Labour - Bristol West)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has issued recent guidance on liability for the costs of preparing a building safety case on cladding remediation requirements.
Answered by Lee Rowley - Minister of State (Minister for Housing)
As part of the new building safety regime, all those accountable for higher-risk buildings are required to assess and manage building safety risks for their building, and prepare a safety case report which will be submitted to the Building Safety Regulator. The Building Safety Regulator produced guidance on developing a safety case and on preparing a safety case report which can be found at: Preparing a building assessment certificate application - GOV.UK.
Asked by: Thangam Debbonaire (Labour - Bristol West)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has issued guidance on liability for the costs of preparing a building safety case on cladding remediation requirements.
Answered by Lee Rowley - Minister of State (Minister for Housing)
As part of the new building safety regime, all those accountable for higher-risk buildings are required to assess and manage building safety risks for their building, and prepare a safety case report which will be submitted to the Building Safety Regulator. The Building Safety Regulator produced guidance on developing a safety case and on preparing a safety case report which can be found at: Preparing a building assessment certificate application - GOV.UK.