Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what discussions he has had with the Post Office Ltd on cutting exceptional payments for post offices.
Answered by Gareth Thomas
While publicly owned, Post Office, as a commercial business with its own Board, operates at arm’s length from the Government. Therefore, the issue around exceptional payments is an operational matter for the Post Office.
The Post Office has however informed my officials that they have taken the decision to pause making further changes to exceptional payments until later this autumn.
Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, what percentage of UK- (a) manufactured and (b) originated content will be required for (i) goods and (ii) services purchased under the arrangement to qualify for support.
Answered by Justin Madders
More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.
£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.
Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether any (a) goods and (b) services are excluded from the funding arrangement.
Answered by Justin Madders
More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.
£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.
Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether that funding is additional funding on top of pre-existing levels of export finance support from the UK to Ukraine.
Answered by Justin Madders
More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.
£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.
Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, what his planned timetable is for making the additional finance available.
Answered by Justin Madders
More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.
£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.
Asked by: James Cartlidge (Conservative - South Suffolk)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether the finance provided will be subject to UK Export Finance’s Transition Export Development Guarantee.
Answered by Justin Madders
UK Export Finance's Export Development Guarantee product helps companies who export from, or plan to export from the UK, access high value loan facilities for general working capital or capital expenditure purposes. The risk associated with this product remains centred in the UK, and consequently does not impact UKEF’s market limit for Ukraine.