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392051

registered interest
date	22/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Money Laundering
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they plan to require estate agents to carry out anti-money-laundering due diligence checks on the purchaser of a property, in addition to those they carry out on the seller.
tabling member printed	Lord Rooker
uin	HL1806
answer	answer is ministerial correction date of answer 30/07/2015 answer text <p>The Government will consult this year on transposing the 4th EU Money Laundering Directive in order to comply with the revised global standards of the Financial Action Task Force. We will use this to consult on other changes to improve the effectiveness of the UK’s anti-money laundering and counter terrorist finance regime, including whether or not to require estate agents to conduct due diligence on the buyer as well as the seller of a property.</p><p> </p><p> </p><p> </p><p>The Government is committed to protecting the financial system and national security, through effective and proportionate use of financial sanctions, anti-money laundering, counter-terrorist and proliferation finance measures. All those dealing with property transactions in the UK, including banks, lawyers and estate agents, are required to actively detect and prevent money laundering including reporting suspicious activity to the National Crime Agency and conducting customer due diligence using a risk-based approach.</p><p> </p><p> </p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p><strong><br> </strong></p> answering member printed Lord O'Neill of Gatley question first answered 30/07/2015 13:32:07 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	302 label Biography information for Lord Rooker

392053

registered interest
date	22/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Money Laundering
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they plan to introduce a cap on cash payments for property, in addition to existing anti-money-laundering measures.
tabling member printed	Lord Rooker
uin	HL1808
answer	answer is ministerial correction date of answer 04/08/2015 answer text <p>The Government does not currently have plans to introduce a cap on cash payments for property.</p><p> </p><p> </p><p> </p><p>However, the Government will consult later this year on the transposition of the 4<sup>th</sup> EU Money Laundering Directive which is compatible with the revised global standards of the Financial Action Task Force. We will use this consultation to propose changes to improve the effectiveness of the UK’s anti-money laundering and counter terrorist finance regime.</p><p> </p><p> </p><p> </p><p>The Government is committed to protecting the financial system and national security through effective and proportionate use of financial sanctions, anti-money laundering, counter-terrorist and proliferation finance measures. All those dealing with property transactions in the UK, including banks, lawyers and estate agents, are required to actively detect and prevent money laundering including by reporting suspicious activity to the National Crime Agency and by conducting customer due diligence using a risk-based approach.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 04/08/2015 10:55:23 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	302 label Biography information for Lord Rooker

392071

registered interest
date	22/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic and Monetary Union
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is the United Kingdom’s cumulative expenditure and exposure since 2008 in relation to efforts to support the euro and the economies of Greece, Portugal and Spain; and what is the legal base for that support under the EU Treaties.
tabling member printed	Lord Pearson of Rannoch
uin	HL1826
answer	answer is ministerial correction date of answer 04/08/2015 answer text <p>The Government recently secured agreement that Member States who are not members of the single currency, including the UK, will not incur financial liabilities as a result of any future provision of Union financial assistance for the stability of the Eurozone.</p><p> </p><p> </p><p> </p><p>UK contingent liabilities through loans guaranteed by the EU Budget are recorded in the annual accounts of the Consolidated Fund.</p><p> </p><p> </p><p> </p><p>The latest accounts, published on the 22 July 2015, show a UK contingent liability to loans provided to Ireland and Portugal through the European Financial Stabilisation Mechanism (EFSM) of £5,299 million. This mechanism was established under Article 122(2) of the Treaty on the Functioning of the EU.</p><p> </p><p> </p><p> </p><p>The UK has incurred no expenditure through the provision of these EU loans. Only in the event that a recipient fails to repay a loan would the EU Budget be called upon, to which the UK contributes.</p><p> </p><p> </p><p> </p><p>Since this report, further short-term EFSM assistance has been provided to Greece as a technical bridge finance mechanism for further euro area support from the European Stability Mechanism (ESM). However, the Government secured legally-binding collateral arrangements which ensure no liability for UK taxpayers from this loan.</p><p> </p><p> </p><p> </p><p>The UK is not a member of the euro area and therefore has no liability to the ESM, EFSF, or Greek Loan Facility. These were used to provide assistance to Spain, Cyprus and Greece.</p><p> </p><p> </p><p> </p><p>In 2010, recognising our close economic and financial ties, the UK provided a bilateral loan to Ireland worth €3.2 billion under the Loans to Ireland Act 2010.</p><p> </p><p> </p><p> </p><p>As a shareholder in the International Monetary Fund (IMF), the UK has an exposure to its overall lending. The IMF is primarily a quota-based institution. The UK’s quota subscription to the IMF is 10,738.5 million Special Drawing Rights, equivalent to £10,009 million at 31 March 2015. This accounts for 4.5 per cent of total quotas at the IMF.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 04/08/2015 10:56:00 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	3153 label Biography information for Lord Pearson of Rannoch

391706

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector: Land
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to paragraph 3.29 of his Department's document, A country that lives within its means: Spending Review 2015, published in July 2015, what proportion of the total amount of public sector land to be disposed he expects to be contributed by each department.
tabling member constituency	Brent North
tabling member printed	Barry Gardiner
uin	8341
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The government has committed to dispose of public sector land with capacity for 150,000 homes by 2020. Meeting this goal is vital for securing the government’s high ambitions to support housing supply and affordability, while prioritising the use of brownfield land.</p><p> </p><p> </p><p> </p><p>As part of the Spending Review process HM Treasury will be working with departments on their contributions to the overall target.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 07/09/2015 15:09:04 answering member 1526 label Biography information for Greg Hands
tabling member	146 label Biography information for Barry Gardiner

391707

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Carers: Child Tax Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of main carers of each gender in each region and constituent part of the UK who receive child tax credit.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	8248
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The information requested is not available.</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 07/09/2015 15:03:11 answering member 3969 label Biography information for Damian Hinds
tabling member	4518 label Biography information for Tulip Siddiq

391708

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on duty exemption for small-scale producers; and what he took of EU directives when forming that policy.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	8255
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>As announced at Summer Budget 2015, the government will retain the current duty exemption for small cider producers until and unless a replacement scheme is established. Small cider makers are a traditional part of rural economies who help create a diverse and vibrant cider market and the government is committed to maintaining support for the industry.</p><p> </p><p> </p><p> </p><p>The UK is discussing reforms to EU law with the EU Commission and other Member States, so that it explicitly allows member states to support small cider makers through the duty regime. The government is also looking at alternatives that could apply. The government will work with industry on both of these.</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 07/09/2015 15:06:36 answering member 3969 label Biography information for Damian Hinds
tabling member	478 label Biography information for Lord Field of Birkenhead

391711

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Royal Mint
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether officials in his Department has worked on assessing the feasibility of privatising the Royal Mint.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	8236
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Government is committed to ensuring the effective and efficient management of publicly owned assets and keeping ownership of all assets under review. Where there is no longer a strong policy reason for continued public ownership or where there is potential for an asset to operate more sensibly and efficiently in the private sector, the Government will continue to look into the potential sale of public sector assets.</p><p> </p><p> </p><p> </p><p>The net asset value of the government’s holdings for bodies in which it holds a stake is estimated in the annual report of the parent department or within the accounts of the organisation (depending on the precise ownership and structure).</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 8237 8238 question first answered 07/09/2015 14:52:49 answering member 3969 label Biography information for Damian Hinds
tabling member	4500 label Biography information for Clive Lewis

391712

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Royal Mint
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether it is his policy to retain full public ownership of the Royal Mint; and if he will make a statement.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	8237
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Government is committed to ensuring the effective and efficient management of publicly owned assets and keeping ownership of all assets under review. Where there is no longer a strong policy reason for continued public ownership or where there is potential for an asset to operate more sensibly and efficiently in the private sector, the Government will continue to look into the potential sale of public sector assets.</p><p> </p><p> </p><p> </p><p>The net asset value of the government’s holdings for bodies in which it holds a stake is estimated in the annual report of the parent department or within the accounts of the organisation (depending on the precise ownership and structure).</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 8236 8238 question first answered 07/09/2015 14:52:50 answering member 3969 label Biography information for Damian Hinds
tabling member	4500 label Biography information for Clive Lewis

391713

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Bodies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent estimate his Department has made of the value of the (a) Royal Mint, (b) Land Registry, (c) Ordnance Survey, (d) Met Office and (e) National Air Traffic Services.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	8238
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Government is committed to ensuring the effective and efficient management of publicly owned assets and keeping ownership of all assets under review. Where there is no longer a strong policy reason for continued public ownership or where there is potential for an asset to operate more sensibly and efficiently in the private sector, the Government will continue to look into the potential sale of public sector assets.</p><p> </p><p> </p><p> </p><p>The net asset value of the government’s holdings for bodies in which it holds a stake is estimated in the annual report of the parent department or within the accounts of the organisation (depending on the precise ownership and structure).</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 8236 8237 question first answered 07/09/2015 14:52:49 answering member 3969 label Biography information for Damian Hinds
tabling member	4500 label Biography information for Clive Lewis

391720

registered interest
date	21/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services Compensation Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons he proposes to reduce the upper limit of compensation payments for the Financial Services Compensation Scheme.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	8142
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Deposit Guarantee Scheme Directive (DGSD) is a single market measure to ensure that depositors are entitled to the same level of protection wherever they deposit their money, and that UK firms are not competitively disadvantaged in relation to firms in other EEA jurisdictions.</p><p> </p><p> </p><p> </p><p>As a result of the current strength of the pound in relation to the euro, it has been necessary for the Prudential Regulation Authority to review the sterling coverage limit. However, the Government has taken action to ensure that UK depositors are not exposed to a sudden reduction in the level of protection they receive.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HM Treasury has laid a statutory instrument to ensure that depositors who are currently entitled to £85,000 of protection from the Financial Services Compensation Scheme will continue to be until 31 December 2015.</p><p> </p><p> </p><p> </p><p>This will ensure that there is sufficient time available for depositors to be made aware of the changes, and to take such steps as they feel necessary to manage their financial affairs appropriately in light of this change. More than 95% of UK retail depositors are expected to remain unaffected by the change to the coverage limit.</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 07/09/2015 09:09:07 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	114 label Biography information for Tim Loughton