Daniel Zeichner
Main Page: Daniel Zeichner (Labour - Cambridge)Department Debates - View all Daniel Zeichner's debates with the Department for Transport
(4 years, 3 months ago)
Commons ChamberThe Treasury will have published its estimate at the time the original tax information was published. I understand the passion that my right hon. Friend brings to the issue, but I would remind him that 99.8% of taxpayers do not engage in disguised remuneration schemes, and the fact that we are supporting people across the country in their jobs and their livelihoods is not, in and of itself, a reason to let people who owe tax off the tax that is due.
The Treasury is working closely with the Department for Business, Energy and Industrial Strategy to monitor the uptake and effectiveness of the coronavirus business interruption loan scheme. The scheme has already helped thousands of businesses since its launch on 23 March and is continuing to ramp up. As of 10 May, almost 36,000 facilities with a value of over £6 billion have been approved through the CBILS. SMEs now have a choice of over 60 lenders offering finance under CBILS, and further announcements on numbers will happen later this week.
Despite that, the uptake of the coronavirus business interruption loan has been disappointing, leading to the bounce-back loans. Could we have much more accurate reporting on this, much more like the health statistics and perhaps also by region, so we can see what is actually happening?
We are looking very carefully at the figures and we publish them on a weekly basis. I am having conversations with banks on a regular basis, and we are having a roundtable this week to monitor progress. We will look to make further interventions should that be necessary, but absolutely it is important that the loans get out quickly, as they have been designed to do.
Network Rail has recently concluded a study of services in the West Sussex area, produced in consultation with local authorities and stakeholders. While the Arundel chord might have value as a diversionary route, its capacity would be limited and it would cause a negative impact on existing Arun Valley and West Coastway services. However, the study has suggested numerous beneficial changes involving train services and infrastructure, which my Department will take forward with Network Rail and which will benefit all my hon. Friend’s constituents.
The Government are providing significant funding for the bus industry at this time. Our covid-19 funding package for England’s buses totals £397 million. As part of this, local authorities have access to a £30 million supported bus services fund. To date, 46 bids have been received. No bids have yet been received for the rural mobility fund because the deadline is 4 June.
Of course, hydrogen-powered buses have a much longer range, making them more suitable for rural routes and rural areas, and we have some of the leading hydrogen-powered bus manufacturers in the world. The Government have introduced the all-electric bus town scheme. Where is the equivalent for hydrogen?
The hon. Gentleman is right to say that we are focusing on new all-electric bus towns, which is an exciting part of the money that the Prime Minister has announced to support buses up and down the country, but it is not right to say that we are not focusing on hydrogen buses. We have actually allocated £4.36 million to hydrogen buses and supporting infrastructure.