House of Commons (29) - Commons Chamber (14) / Written Statements (10) / Westminster Hall (3) / Ministerial Corrections (2)
(6 months ago)
Ministerial Corrections(6 months ago)
Ministerial Corrections Eighty-five per cent of the funds recovered from the loan charge so far—about £3.9 billion in total —have come from the employees, therefore those who were running those schemes, so the hon. Lady is mischaracterising where we have gone so far. There has been one criminal conviction so far; others are in place. I repeat what I said to the Opposition spokesman, the hon. Member for Ealing North (James Murray), earlier: if they were that concerned about ensuring we go after the wrongdoers, they would have voted with us last night in the Finance Bill.
[Official Report, 6 February 2024, Vol. 745, c. 117.]
Letter of correction from the Financial Secretary to the Treasury, the hon. Member for Mid Worcestershire (Nigel Huddleston) :
Errors have been identified in the response I gave to the hon. Member for Salford and Eccles (Rebecca Long Bailey).
The correct response should have been:
About 80% of the funds recovered so far from settlement of disguised remuneration schemes including the loan charge—about £3.9 billion in total—have come from the employees, therefore those who were running those schemes, so the hon. Lady is mischaracterising where we have gone so far. There has been one criminal conviction so far; others are in place. I repeat what I said to the Opposition spokesman, the hon. Member for Ealing North (James Murray), earlier: if they were that concerned about ensuring we go after the wrongdoers, they would have voted with us last night in the Finance Bill.