Tag: Bill Esterson

The below Parliamentary question was asked by Bill Esterson on 2016-04-19.

To ask the Secretary of State for Business, Innovation and Skills, which directorate of his Department oversaw the appointment of the Pubs Code Adjudicator.

Anna Soubry

The development of the Pubs Code and the appointment of the Pubs Code Adjudicator were overseen by the Pubs Code and Adjudicator Team.

Due to departmental restructuring this team has sat within two different directorates in BIS: the Consumer and Competition Directorate (prior to July 2015 and currently) and Enterprise Directorate (from July 2015 to March 2016).

The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

To ask the Secretary of State for Business, Innovation and Skills, what recent assessment he has made of the effect on (a) businesses affected by pre-pack insolvencies and (b) employees of such businesses of such insolvencies.

Anna Soubry

The University of Wolverhampton undertook research as part of Teresa Graham’s June 2014 review into pre-pack administrations. This found that returns to creditors from a pre-pack were slightly lower than from non pre-packed administrations.

The report also found that in about 60% of pre-pack deals all jobs were saved, and in a further 10% some jobs were saved. No data is available on the impact of the insolvency on employment at creditors of the company.

A voluntary package of reforms to pre-packs, as recommended by the Graham review, was launched on 2 November with support from the insolvency industry and creditor groups. The reforms are intended to bring greater transparency and improved creditor confidence in pre-packs, and especially those in which sales are to connected parties.

The below Parliamentary question was asked by Bill Esterson on 2016-01-12.

To ask the Secretary of State for Business, Innovation and Skills, which 10 companies owed the greatest amount of late payment debt to SMEs in each six-month period of the last 10 years.

Anna Soubry

The Department does not hold the information required. However, BACS data shows that small and medium businesses are owed a total of £26.8 billion, and the average small business is waiting for £31,900 in overdue payments.[1]

The Government recognises that late payment remains an important issue for small businesses in the UK and is taking significant steps to assist small businesses to recover late payment debts. This is part of a package of measures to tackle late payment. We have also legislated for new transparency measures in the public and private sectors.

The Small Business Enterprise and Employment Act 2015 legislated for new reporting requirement on the UK’s largest companies and Regulations will be introduced this year which will compel larger companies to report on payment practices and performance. This information will be published on a six-monthly basis and will be made publicly available.

The Public Contracts Regulations 2015 introduced a requirement for all public-sector buyers to publish annually, from 2017, their liability to debt interest payments. In central government we have gone further and faster. We will be publishing against these requirements quarterly from April this year. This will allow full public scrutiny of payment performance.

Through the Enterprise Bill, currently before Parliament, we will legislate to establish a Small Business Commissioner to give general advice and to help small businesses resolve disputes relating to payment matters with larger businesses.

Tackling late payment is about creating a responsible payment culture where larger companies recognise the benefit of having a sustainable and robust supply chain, and smaller businesses feel able to challenge poor behaviour. Once implemented, the Government is confident that these measures will lead to significant changes in the UK’s payment culture.

[1] BACS Data June 2015.

The below Parliamentary question was asked by Bill Esterson on 2016-04-19.

To ask the Secretary of State for Business, Innovation and Skills, which directorate of his Department oversaw the development of the Pubs Code.

Anna Soubry

The development of the Pubs Code and the appointment of the Pubs Code Adjudicator were overseen by the Pubs Code and Adjudicator Team.

Due to departmental restructuring this team has sat within two different directorates in BIS: the Consumer and Competition Directorate (prior to July 2015 and currently) and Enterprise Directorate (from July 2015 to March 2016).

The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

To ask the Secretary of State for Business, Innovation and Skills, what recent estimate he has made of the predicted default rate of university maintenance loans.

Joseph Johnson

Student loans are not like a bank loan or credit card. Repayments do not have to made if the borrower’s income is below £21k. There is, therefore, no default rate as such, but a borrower who moves overseas and fails to repay even though they are earning over the threshold would be in default.

Maintenance loans are either repaid during the loan term, or written off after 30 years, or if the borrower dies or becomes permanently unable to work as a result of disability. Provision for the cost of future write offs is made in BIS accounts each year. This is known as the RAB charge.

The below Parliamentary question was asked by Bill Esterson on 2016-01-12.

To ask the Secretary of State for Business, Innovation and Skills, how many SMEs have been declared bankrupt as a result of late payments in each of the last 10 years.

Anna Soubry

The Department does not hold the information required. However, BACS data shows that small and medium businesses are owed a total of £26.8 billion, and the average small business is waiting for £31,900 in overdue payments.[1]

The Government recognises that late payment remains an important issue for small businesses in the UK and is taking significant steps to assist small businesses to recover late payment debts. This is part of a package of measures to tackle late payment. We have also legislated for new transparency measures in the public and private sectors.

The Small Business Enterprise and Employment Act 2015 legislated for new reporting requirement on the UK’s largest companies and Regulations will be introduced this year which will compel larger companies to report on payment practices and performance. This information will be published on a six-monthly basis and will be made publicly available.

The Public Contracts Regulations 2015 introduced a requirement for all public-sector buyers to publish annually, from 2017, their liability to debt interest payments. In central government we have gone further and faster. We will be publishing against these requirements quarterly from April this year. This will allow full public scrutiny of payment performance.

Through the Enterprise Bill, currently before Parliament, we will legislate to establish a Small Business Commissioner to give general advice and to help small businesses resolve disputes relating to payment matters with larger businesses.

Tackling late payment is about creating a responsible payment culture where larger companies recognise the benefit of having a sustainable and robust supply chain, and smaller businesses feel able to challenge poor behaviour. Once implemented, the Government is confident that these measures will lead to significant changes in the UK’s payment culture.

[1] BACS Data June 2015.

The below Parliamentary question was asked by Bill Esterson on 2016-06-09.

To ask the Minister for the Cabinet Office, what assessment he has made of the potential effectiveness of the agreements reached at the Anti-Corruption Summit in May 2016 in tackling corruption.

Matthew Hancock

This Government the UK has taken a global lead on tackling the scourge of corruption. Each delegation signed up to the commitments set out in the communiqué. In addition, 42 countries and 8 international organisations issued statements setting out further measures they will take.

The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

To ask the Secretary of State for Communities and Local Government, what recent discussions he has had on the statutory pubs code, and the Government’s policy on pubs, with people or bodies concerned with the pubs industry.

Mr Marcus Jones

Since I was appointed Community Pubs Minister on 20 May 2015, I have met with senior representatives from a broad range of bodies within the pubs industry. These include the British Beer and Pub Association, the Campaign for Real Ale, Punch Taverns, the Association of Licensed Multiple Retailers, the British Institute of Innkeeping, the Perceptions Group and the Pubs Advisory Service. I have also met with my rt Hon Friend the Member for Halesowen and Rowley Regis (James Morris), and one of his constituents, to engage with the wide range of issues affecting the pub and brewing industry.

British pubs have always been at the heart of our local communities, and we are empowering people to preserve them, as well as other local landmarks and places of interest. On 11 September 2015, we took forward our Manifesto commitment by announcing the £1.5m Pub Loan Fund which will help community groups towards the cost of acquiring local pubs threatened with closure.

This is in addition to local people being able to nominate any local building or land they love as an ‘asset of community value’ and then, if it comes up for sale, having 6 months to raise the funds to bid to buy it. So far more than 800 pubs have been listed.

The below Parliamentary question was asked by Bill Esterson on 2016-01-12.

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the cost to the UK economy of late payments to SMEs in each of the last five years.

Anna Soubry

The Department does not hold the information required. However, BACS data shows that small and medium businesses are owed a total of £26.8 billion, and the average small business is waiting for £31,900 in overdue payments.[1]

The Government recognises that late payment remains an important issue for small businesses in the UK and is taking significant steps to assist small businesses to recover late payment debts. This is part of a package of measures to tackle late payment. We have also legislated for new transparency measures in the public and private sectors.

The Small Business Enterprise and Employment Act 2015 legislated for new reporting requirement on the UK’s largest companies and Regulations will be introduced this year which will compel larger companies to report on payment practices and performance. This information will be published on a six-monthly basis and will be made publicly available.

The Public Contracts Regulations 2015 introduced a requirement for all public-sector buyers to publish annually, from 2017, their liability to debt interest payments. In central government we have gone further and faster. We will be publishing against these requirements quarterly from April this year. This will allow full public scrutiny of payment performance.

Through the Enterprise Bill, currently before Parliament, we will legislate to establish a Small Business Commissioner to give general advice and to help small businesses resolve disputes relating to payment matters with larger businesses.

Tackling late payment is about creating a responsible payment culture where larger companies recognise the benefit of having a sustainable and robust supply chain, and smaller businesses feel able to challenge poor behaviour. Once implemented, the Government is confident that these measures will lead to significant changes in the UK’s payment culture.

[1] BACS Data June 2015.

The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

To ask the Secretary of State for Work and Pensions, what support his Department has given to micro-businesses in adapting to new automatic enrolment pension schemes.

Justin Tomlinson

We are committed to supporting small and micro-businesses to adapt to their new automatic enrolment duties. Together with The Pensions Regulator, we have launched a new broadcast-led communications campaign to raise awareness of automatic enrolment amongst small employers.

The Pensions Regulator has also recently launched a new interactive and simplified online step by step guide to automatic enrolment, designed to meet the specific needs of employers who may not have pensions experience, including those with just one or two staff. Employers using the website can access tailored information relevant to their circumstances. The Pensions Regulator also provides online content for business advisers who play an important role in supporting smaller employers to meet their legal duties. To raise awareness and understanding, the Regulator has had over 500 meetings with intermediary firms and spoken at over 300 events around the UK during the last year

The Regulator sends a series of letters to every employer starting at least 12 months before their staging date, which is the date that the law applies to them. These letters set out what an employer needs to do and by when to comply with the law and signposts to the relevant information on the Regulator’s website.

To help employers adjust to the costs of automatic enrolment the minimum employer contribution level starts at 1% and increases gradually to 3% by October 2018. In addition, to ensure that all firms have access to quality, low-cost pension provision, The National Employment Savings Trust (NEST) was established by the Government and has a public service obligation to accept any employer that chooses NEST for automatic enrolment.