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227266

registered interest
date	13/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lloyds Banking Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what fees are payable to JP Morgan for its role in managing the trading plan to sell the remaining holdings of Government held shares in Lloyds Banking Group.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	227538
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>On 17 December 2014 the Chancellor authorised the sale of a third part of the government’s shareholding in Lloyds Banking Group via a trading plan. The plan is ongoing and will end no later than 30 June 2015. Morgan Stanley act as broker on behalf of HM Treasury to execute the trading plan.</p><p> </p><p>Financial Conduct Authority (FCA) rules require HMG as seller to inform the market each time its shareholding has crossed through a one percentage point threshold, which is typically released via RNS by the company. Lloyds have therefore released two such statements since the launch of the trading plan, on 23 February and 9 March 2015. These contain details of the government’s remaining shareholding in Lloyds. On both occasions, the government released a statement confirming these announcements.</p><p> </p><p>On 9 March 2015 the government confirmed that the total amount of money raised through the trading plan was over £1bn and that the government’s shareholding in Lloyds had fallen below 23%.</p><p> </p><p>As I informed the House in my written statement on 18 December, a statement will be laid before Parliament with further details at the end of the plan. In order to get the best deal for the taxpayer, I will not provide a running commentary on the price of shares and the precise number sold while the trading plan is ongoing. However, the Chancellor has made clear that no shares will be sold below the average price the previous government paid for them (i.e. 73.6p).</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 227537 227539 question first answered 18/03/2015 16:40:21 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

227267

registered interest
date	13/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lloyds Banking Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to his Department's announcement, Government sells more shares in Lloyds through trading plan, published on 9 March 2015, how many shares in Lloyds Banking Group the Government sold, and at what price per share.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	227539
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>On 17 December 2014 the Chancellor authorised the sale of a third part of the government’s shareholding in Lloyds Banking Group via a trading plan. The plan is ongoing and will end no later than 30 June 2015. Morgan Stanley act as broker on behalf of HM Treasury to execute the trading plan.</p><p> </p><p>Financial Conduct Authority (FCA) rules require HMG as seller to inform the market each time its shareholding has crossed through a one percentage point threshold, which is typically released via RNS by the company. Lloyds have therefore released two such statements since the launch of the trading plan, on 23 February and 9 March 2015. These contain details of the government’s remaining shareholding in Lloyds. On both occasions, the government released a statement confirming these announcements.</p><p> </p><p>On 9 March 2015 the government confirmed that the total amount of money raised through the trading plan was over £1bn and that the government’s shareholding in Lloyds had fallen below 23%.</p><p> </p><p>As I informed the House in my written statement on 18 December, a statement will be laid before Parliament with further details at the end of the plan. In order to get the best deal for the taxpayer, I will not provide a running commentary on the price of shares and the precise number sold while the trading plan is ongoing. However, the Chancellor has made clear that no shares will be sold below the average price the previous government paid for them (i.e. 73.6p).</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 227537 227538 question first answered 18/03/2015 16:40:21 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

227268

registered interest
date	13/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lloyds Banking Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons details of the latest sale of Government held shares in Lloyds Banking Group were not published by UK Financial Investments.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	227537
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>On 17 December 2014 the Chancellor authorised the sale of a third part of the government’s shareholding in Lloyds Banking Group via a trading plan. The plan is ongoing and will end no later than 30 June 2015. Morgan Stanley act as broker on behalf of HM Treasury to execute the trading plan.</p><p> </p><p>Financial Conduct Authority (FCA) rules require HMG as seller to inform the market each time its shareholding has crossed through a one percentage point threshold, which is typically released via RNS by the company. Lloyds have therefore released two such statements since the launch of the trading plan, on 23 February and 9 March 2015. These contain details of the government’s remaining shareholding in Lloyds. On both occasions, the government released a statement confirming these announcements.</p><p> </p><p>On 9 March 2015 the government confirmed that the total amount of money raised through the trading plan was over £1bn and that the government’s shareholding in Lloyds had fallen below 23%.</p><p> </p><p>As I informed the House in my written statement on 18 December, a statement will be laid before Parliament with further details at the end of the plan. In order to get the best deal for the taxpayer, I will not provide a running commentary on the price of shares and the precise number sold while the trading plan is ongoing. However, the Chancellor has made clear that no shares will be sold below the average price the previous government paid for them (i.e. 73.6p).</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 227538 227539 question first answered 18/03/2015 16:40:21 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

225868

registered interest
date	09/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Written Questions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when he plans to reply to Question 224839 tabled on 20 February 2015 for answer on 25 February 2015.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	226696
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I have done so.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 26/03/2015 12:20:06 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

222424

registered interest
date	20/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tate Modern
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the (a) purchase and (b) installation cost was of the banner used at his speaking engagement at the Tate Modern on 20 February 2015.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	224839
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p><strong>Treasury ministers and officials communicate with a wide range of bodies on a regular basis. All costs are met from within existing departmental budgets.</strong></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 26/03/2015 14:36:02 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

47162

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which five companies were used most often to provide temporary workers for his Department in the last financial year; and how much in agency fees was paid to each of them.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	195563
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Under this Government's transparency programme, contracts are published on Contracts Finder which is available at: <a href="https://www.gov.uk/contracts-finder" target="_blank">https://www.gov.uk/contracts-finder</a>.</p><p> </p><p>In addition all Departments publish details of transactions above £25,000. Data for HM Treasury can be found at:</p><p><a href="http://www.gov.uk/government/collections/25000-spend" target="_blank">www.gov.uk/government/collections/25000-spend</a></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

47377

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which 10 consultancy firms were paid the most by his Department in the last financial year; and how much each of those firms was paid.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	195585
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Since January 2011, central government departments have been required to publish on Contracts Finder information on the contracts they award (<a href="http://www.contractsfinder.businesslink.gov.uk/" target="_blank">www.contractsfinder.businesslink.gov.uk/</a>).</p><p> </p><p>In addition, departments publish details of spend in excess of £25,000 at <a href="http://www.gov.uk/government/collections/25000-spend" target="_blank">www.gov.uk/government/collections/25000-spend</a> .</p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie

32172

registered interest
date	09/01/2014
answering body	HM Treasury
answering dept id	14
answering dept short name
answering dept sort name
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what proportion and value of his Department's contracts have been let (a) under the restricted procedure, (b) by the open procedure, (c) via framework agreements and (d) via a tendering process involving the use of a pre-qualification questionnaire in each of the last three years.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	182696
answer	answer is ministerial correction date of answer 07/05/2014 answer text <p>Since January 2011, central government departments have been required to publish on Contracts Finder information on the tenders issued and contracts they award with a value over £10,000 (excluding VAT) (www.gov.uk/contractsfinder).</p><p> </p><p>Public Procurement Regulations require that prescribed procurement procedures are used when procurements exceed the EU contract threshold values. This legal framework helps to ensure that public procurement is conducted in a fair and open manner both within the UK and across the EU.</p><p> </p><p>Less than two percent of all contracts were let under the restricted procedure in each of the last three years.</p><p> </p><p>In 2010/11 there was one contract let under the restricted procedure. This was for actuarial support to the independent commission on Equitable Life Payments that was set up by this government to recommend how best to fairly allocate funds provided for the Equitable Life Payments Scheme (ELPS) and had a contract value of £1million.</p><p> </p><p>In 2011/12 there were two contracts let under the restricted procedure. They were (i) Corporate Financial Advice framework contract (estimated contract value of £5 million over the 2 years but no guaranteed spend)and (ii) a contract for actuarial support for (ELPS) in making fair and transparent payments to Equitable Life policyholders who suffered financial losses as a result of Government maladministration which occurred in the regulation of Equitable Life. The contract value was £5.4 million.</p><p> </p><p> </p><p>The information requested for the proportion and value of HM Treasury contracts that have been let via framework agreements and where a tendering process involving the use of a pre-qualification questionnaire in each of the last three years is not readily available and could be obtained only at disproportionate cost.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 07/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	422 label Biography information for Mr Chris Leslie