Asked by: Rob Marris (Labour - Wolverhampton South West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential demand for Mutual Guarantee Societies is in the UK; and if he will make a statement.
Answered by Simon Kirby
The Chancellor has not made an assessment of the impact of the introduction of Mutual Guarantee Societies on lending to SMEs or on the potential demand for Mutual Guarantee Societies in the UK.
However, the FCA has received representations on this issue and officials plan to discuss this further with them.
Asked by: Rob Marris (Labour - Wolverhampton South West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the major barriers to self-employed people accessing bank lending.
Answered by Simon Kirby
The Treasury has not made such an assessment, but monitors lending to businesses of all sizes, including those run by the self-employed, from both banks and alternative finance providers. The British Business Bank also monitors closely and publishes reports on lending conditions, in line with its objective to make finance markets work better for small businesses.
Asked by: Rob Marris (Labour - Wolverhampton South West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many businesses have used Your Tax Account for online tax services since it was introduced.
Answered by Jane Ellison
2.7 million businesses accessed their Business Tax Account (formerly Your Tax Account) at least once between January 2016 and October 2016. Over the past 12 months, it is estimated that 3.2 million businesses have used their tax account. Figures for earlier periods are not available.
Asked by: Rob Marris (Labour - Wolverhampton South West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to give non-transport borrowing powers to combined authorities.
Answered by David Gauke
Discussions are ongoing on all devolution issues across government and with local areas.
Asked by: Rob Marris (Labour - Wolverhampton South West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Communities and Local Government on giving non-transport borrowing powers to combined authorities.
Answered by David Gauke
Discussion are ongoing on all devolution issues across government and with local areas.