Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
If he will introduce a Government-backed insurance scheme for the live events industry.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
On 22 February, the Prime Minister announced the Government’s roadmap to cautiously ease lockdown restrictions in England, including an ambition to lift restrictions on large events in Step 4, subject to the outcome of the Events Research Programme
Officials are considering the most appropriate way to support the events sector informed by the findings of the scientific programme in the Spring.
Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans his Department has to create a Government-backed insurance scheme to prevent the cancellation of festivals, live music and events in summer 2021.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
On 22nd February, the Prime Minister announced the Government’s roadmap to cautiously ease lockdown restrictions in England, including an ambition to lift restrictions on large events in Step 4, subject to the outcome of the Events Research Programme.
Officials are considering the most appropriate way to support the events sector, informed by the findings of the scientific programme in the Spring.
We will continue to engage closely with insurers and the events sector to understand the barriers faced by the sector as we recover from the pandemic. Any changes would be communicated to the sector with suitable notice.
Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of whether the time taken to create a Government-backed insurance scheme for the live events industry will lead to the cancellation of live events in summer 2021.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
On 22nd February, the Prime Minister announced the Government’s roadmap to cautiously ease lockdown restrictions in England, including an ambition to lift restrictions on large events in Step 4, subject to the outcome of the Events Research Programme.
Officials are considering the most appropriate way to support the events sector, informed by the findings of the scientific programme in the Spring.
We will continue to engage closely with insurers and the events sector to understand the barriers faced by the sector as we recover from the pandemic. Any changes would be communicated to the sector with suitable notice.
Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to ensure that the live events industry receives ample notice of the implementation of any Government-backed insurance scheme during the covid-19 outbreak due to long lead times inherent in the production of large live events.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
On 22nd February, the Prime Minister announced the Government’s roadmap to cautiously ease lockdown restrictions in England, including an ambition to lift restrictions on large events in Step 4, subject to the outcome of the Events Research Programme.
Officials are considering the most appropriate way to support the events sector, informed by the findings of the scientific programme in the Spring.
We will continue to engage closely with insurers and the events sector to understand the barriers faced by the sector as we recover from the pandemic. Any changes would be communicated to the sector with suitable notice.
Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to ensure that people who have been refused furlough by their employer during the covid-19 outbreak have been issued with a P45.
Answered by Jesse Norman
It is for an employer to decide whether to offer furlough to their employees; employers are under no obligation to participate in the scheme.
Under the Income Tax (Pay As You Earn) Regulations 2003, employers must issue a P45 when an employee stops working for them.
If HMRC were made aware that a P45 had not been provided, HMRC may attempt to contact the employer. Consideration could also be given as to whether HMRC’s Employer Compliance staff should intervene to obtain the P45.
Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much revenue is received by the Exchequer from underwriting the insurance of Pool Re.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
HM Treasury received £270m in 2019 and £224m in 2020 from Pool Reinsurance Company Limited. This is compensation for taxpayers for the continued provision of the guarantee.