Oral QuestionTreasury

If he will make an assessment of the potential impact of the loan charge on levels of bankruptcy.

Tabled: 31 January 2024Answered: 6 February 2024

Asked by

Greg Smith

ConservativeMid Buckinghamshire

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

The Parliamentary Under-Secretary of State for Transport (Lilian Greenwood)

This Government are empowering every community to take back control of their local bus services. Legislation on bus franchising requires local authorities to consider small and medium-sized enterprises as part of the franchising process. We are working with those interested in pursuing franchising to develop different models, including smaller-scale models, which require less financial commitment and provide more opportunities for small and medium-sized bus operators to participate.