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172315

registered interest
date	06/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	EU Budget: Contributions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 15 December 2014 (HL3255), why the repayment conditions were not agreed in advance of the European Commission announcing the additional contribution to the European Union Budget; and what contingency planning they had undertaken to prepare for such an additional repayment demand.
tabling member printed	Lord Ashcroft
uin	HL3898
answer	answer is ministerial correction date of answer 20/01/2015 answer text <p>In line with the Own Resources system – which underpins Member State contributions to the EU budget – adjustments are made to Member State contributions towards the end of each year, as a result of statistical revisions to factors underlying the contributions.</p><p> </p><p> </p><p> </p><p>As the Prime Minister said in his statement following the October European Council last year, in some years the UK adjustment has been negative and in some years we contribute a little bit more. This happens every year. However, what has never happened is for €2 billion to be demanded.</p><p> </p><p> </p><p> </p><p>The Prime Minister also made clear that it was an unacceptable way for the Commission to suddenly present a bill like this for such a vast sum of money and with so little time to pay it.</p><p> </p><p> </p><p> </p><p>Commission Vice-President Georgieva confirmed that there was no way that Member States could have known the net figure until 17 October 2014.</p><p> </p><p> </p><p> </p><p>Following intensive discussions with the Commission and at the November ECOFIN meeting, the Government halved the bill for the UK, delayed the bill, will pay no interest on the bill, and has changed the rules of the European Union so that such unacceptable behavior never happens again.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 20/01/2015 15:01:43 answering member 4262 label Biography information for Lord Deighton
tabling member	2568 label Biography information for Lord Ashcroft

172342

registered interest
date	06/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 9 December 2014 (HL3168), what steps they are taking to ensure that legislation is properly drafted such that Parliament's intentions are clear with regard to taxation.
tabling member printed	Lord Stoddart of Swindon
uin	HL3925
answer	answer is ministerial correction date of answer 15/01/2015 answer text <p>In 2010 the government introduced ‘The new approach to tax policy making’<sup><sup>[1]</sup></sup> with the aim of improving the predictability and transparency of tax policy making. This commits to early and continuing engagement through all stages of tax policy development. As set out in the Tax Consultation Framework<sup><sup>[2]</sup></sup>, the government will commonly consult on tax issues, why change is needed, what it is intended to achieve and on the legislation itself to ensure it achieves that intention. As part of this, the government publishes the majority of Finance Bill clauses in draft 3 months in advance of the bill’s introduction into Parliament. For example, on 10 December this year, the government published 315 pages of draft legislation<sup><sup>[3]</sup></sup> for consultation with the aim of ensuring that legislation in Finance Bill 2015 is clear and works as intended.</p><p> </p><p> </p><p> </p><p> </p><p>[1] <a href="http://webarchive.nationalarchives.gov.uk/20130129110402/http:/www.hm-treasury.gov.uk/d/tax_policy_making_response.pdf.pdf" target="_blank">http://webarchive.nationalarchives.gov.uk/20130129110402/http:/www.hm-treasury.gov.uk/d/tax_policy_making_response.pdf.pdf</a></p><p>[2] <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/89261/tax-consultation-framework.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/89261/tax-consultation-framework.pdf</a></p><p>[3]<a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/385160/Draft_clauses_and_explanatory_notes_for_Finance_Bill_2015.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/385160/Draft_clauses_and_explanatory_notes_for_Finance_Bill_2015.pdf</a></p><p> </p> answering member printed Lord Deighton question first answered 15/01/2015 17:42:23 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

172345

registered interest
date	06/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	European Central Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they support a policy of quantitative easing by the European Central Bank; and if so, what would be the implications for the United Kingdom if such a policy were implemented.
tabling member printed	Lord Stoddart of Swindon
uin	HL3928
answer	answer is ministerial correction date of answer 15/01/2015 answer text <p>It is for the ECB Governing Council to decide the appropriate monetary policy stance for the euro area.</p><p> </p> answering member printed Lord Deighton question first answered 15/01/2015 17:43:48 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

172354

registered interest
date	06/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what plans they have to reconsider the attitudes, capabilities and experience required for senior posts in regulation in the light of the outcome of the Davis Review of the Financial Conduct Authority.
tabling member printed	Lord Stewartby
uin	HL3937
answer	answer is ministerial correction date of answer 15/01/2015 answer text <p>The Davis Review contained no recommendations for the government. The response to the Davis review conclusions is a matter for the Financial Conduct Authority.</p><p> </p><p> </p><p> </p><p>This question has therefore been passed on to the FCA and the FCA will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 15/01/2015 17:45:02 answering member 4262 label Biography information for Lord Deighton
tabling member	986 label Biography information for Lord Stewartby

172355

registered interest
date	06/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what steps they are taking to protect consumers from continuous payment authority abuses.
tabling member printed	Lord Kennedy of Southwark
uin	HL3938
answer	answer is ministerial correction date of answer 15/01/2015 answer text <p>There are two sets of regulations that protect consumers from abuses of continuous payment authorities (CPAs) – the Payment Services Regulations 2009, and the Consumer Protection from Unfair Trading Regulations 2008.</p><p> </p><p> </p><p> </p><p>In June 2013, the Financial Conduct Authority issued a warning to banks, reminding them of their obligation to cancel CPAs immediately at the customer’s request. Banks are also required to refund consumers if companies continue to take money without the account-holder’s permission.</p><p> </p><p> </p><p> </p><p>In addition, the FCA has introduced tough new rules limiting payday lenders’ use of CPAs to two unsuccessful attempts. These rules also prevent payday lenders from using CPAs to take partial payment – a lender can only take payment if the entire amount owed by the customer is available in their account.</p><p> </p> answering member printed Lord Deighton question first answered 15/01/2015 17:43:00 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark