Asked by: Liz McInnes (Labour - Heywood and Middleton)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that women are not disproportionately affected by the Government's fiscal policies.
Answered by Jane Ellison
The Government is helping more women than ever before to start businesses and get the support they need to work.
In the last parliament, 2.2 million women were taken out of income tax. This year’s increase in the personal allowance will lift over 680,000 further people out of income tax by 2017/18, of whom over 60% will be women.
Around two thirds of those who will benefit from the National Living Wage are estimated to be women.
The planned doubling of the free childcare entitlement for working families with three- and four-year-olds is worth up to £5,000 per child per year.
It is also equally important for the future finances of both women and men that the Government remains committed to tackling the deficit and strengthening the economy.
Asked by: Liz McInnes (Labour - Heywood and Middleton)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if his Department will investigate the collapse of Bradford and Bingley plc in 2008.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
The Government has no plans to conduct an investigation into the collapse of Bradford and Bingley plc in 2008.
The National Audit Office concluded in its report of 4 December 2009 that the public support provided to UK by the Treasury was justified, given the scale of both the economic and social costs if one or more major banks had collapsed. In providing that support, moreover, the Treasury met two of the government’s principal objectives: protecting depositors’ money in banks and maintaining the stability of the financial system.
Asked by: Liz McInnes (Labour - Heywood and Middleton)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the financial loss to investors as a consequence of the collapse of the former Bradford and Bingley Building Society/Bank in 2008.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
In 2009 Peter Clokey of PricewaterhouseCoopers LLP was appointed as an independent valuer to consider whether shareholders and holders of rights associated with dated subordinated notes were entitled to compensation after the collapse of Bradford & Bingley. On 5 July 2010 he published his report setting out his determination that no compensation is due to former shareholders and bondholders. The case was referred to the Upper Tribunal who upheld the decision in 2012 and concluded that the valuer carried out his valuation function wholly in accordance with the Compensation Scheme.
Asked by: Liz McInnes (Labour - Heywood and Middleton)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the financial loss to shareholders as a consequence of the collapse of the former Bradford and Bingley Building Society/Bank in 2008.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
In 2009 Peter Clokey of PricewaterhouseCoopers LLP was appointed as an independent valuer to consider whether shareholders and holders of rights associated with dated subordinated notes were entitled to compensation after the collapse of Bradford & Bingley. On 5 July 2010 he published his report setting out his determination that no compensation is due to former shareholders and bondholders. The case was referred to the Upper Tribunal who upheld the decision in 2012 and concluded that the valuer carried out his valuation function wholly in accordance with the Compensation Scheme.