Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of preventing businesses that engage in high levels of executive pay from accessing covid-19 related financial support.

The Government’s current support measures are well-targeted at the businesses and individuals who most need support, bearing in mind the need to act very quickly to deliver the unprecedented packages of economic support. The Government expects everyone to act responsibly and in the spirit of the package, and only to claim and use support as intended. In certain cases where firms participate in the COVID-19 Corporate Financing Facility (CCFF), it has been appropriate to require businesses to commit to restraint on the payment of dividends and other capital distributions, and on senior pay.