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389191

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Loans: Greece
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the cost to the public purse of (1) arrangements made, and (2) proposed arrangements, to deal with the Greek financial crisis.
tabling member printed	Lord Higgins
uin	HL1377
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The Government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout. Under the European Financial Stability Mechanism (EFSM) short term financing agreement concluded on Friday 17 July, Greece’s IMF arrears have also been cleared.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:57:30 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	1067 label Biography information for Lord Higgins

389198

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Budget July 2015
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government why they changed the basis of the distributional analysis of the most recent budget presented in <i>Impact on Households</i> from that in previous such documents, and whether they plan to publish (1) the analysis on the same basis as hitherto, and (2) estimates up to 2019–20.
tabling member printed	Baroness Lister of Burtersett
uin	HL1384
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The Government published analysis of the impact of government policy across the income distribution alongside the Summer Budget. This set out a new approach to distributional analysis, abstracting from the level of government borrowing. Under the previous framework, a pound of extra borrowing would appear as a gain to households. But higher spending or lower taxes today would increase the deficit and the debt burden, with consequences for households in the future. The new analysis considers how policy decisions affect the share of tax and public spending paid by and received by households.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The analysis showed that decisions made by this government mean the poorest continue to receive the same share of public spending as they did in 2010-11, while the share of tax paid by the richest has increased.</p><p> </p><p> </p><p> </p><p>Publishing analysis for 2017-18 reflects a compromise between including as much of the Summer Budget package as possible, and making as few assumptions as possible about changes in the wider economy into the future. By 2017-18 the majority of announced welfare measures have come into effect, as have most of the significant changes to the tax system. Analysis for 2016-17 would capture very few of the measures announced in the Summer Budget; analysis from 2018-19 onwards, would need to make substantial assumptions about changes in household incomes and inflation.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:54:13 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	4234 label Biography information for Baroness Lister of Burtersett

389199

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government which groups of the population are classified as vulnerable for public expenditure purposes.
tabling member printed	Baroness Lister of Burtersett
uin	HL1385
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The information requested is not available, given that statistics on government spending do not break down expenditure by vulnerability.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:58:16 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	4234 label Biography information for Baroness Lister of Burtersett

389202

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Loans: Greece
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the United Kingdom will incur any financial costs relating to the bailout being given to the government of Greece, either through the European Central Bank or the International Monetary Fund, or in any other way.
tabling member printed	Lord Stoddart of Swindon
uin	HL1388
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The Government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout. Under the European Financial Stability Mechanism (EFSM) short term financing agreement concluded on Friday 17 July, Greece’s IMF arrears have also been cleared.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:56:58 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	950 label Biography information for Lord Stoddart of Swindon

389205

registered interest
date	13/07/2015
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 what plans they have to renegotiate the funding of the European Union budget so that the United Kingdom’s contribution does not increase as a result of economic success.
tabling member printed	Lord Stoddart of Swindon
uin	HL1391
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The EU budget mechanisms, which determine the UK's net contribution to the EU‎ from 2014-20, were agreed in 2013, when the Prime Minister secured an historic real terms cut to expenditure and protected the rebate. This House approved that deal on 8 July 2015.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:56:17 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	950 label Biography information for Lord Stoddart of Swindon

389453

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Security Benefits
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish a distributional impact analysis of each of the benefit and tax credit announcements made in the Summer Budget 2015.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	6694
answer	answer is ministerial correction date of answer 24/07/2015 answer text The Government set out its assessment of the impacts of most of the policies in the Welfare Reform and Work Bill on Monday 21 July, and the remaining impact assessment will follow in due course.<p> </p><p> </p><p> </p><p><strong>The Government published analysis of the impact of government policy across the income distribution alongside the Summer Budget, which included benefit and tax credit expenditure. </strong></p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 24/07/2015 12:17:14 answering member 3969 label Biography information for Damian Hinds
tabling member	478 label Biography information for Lord Field of Birkenhead

389455

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will postpone any sales of shares in RBS by UK Financial Investments until all interest rate cases with sophisticated customers have been resolved or subject to an independent inquiry.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6697
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>As the Chancellor and the Governor of the Bank of England have said, it is in taxpayers’ interests for the government to begin now to return RBS to private ownership. The Governor has also said, there could be considerable net costs to taxpayers of further delaying the start of a sale. The government is clear that the mis-selling of financial products is wrong and those businesses affected should be appropriately compensated through the Financial Conduct Authority’s redress scheme.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 15/07/2015 15:37:58 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389456

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is towards any director of UK Financial Investments who had not disclosed a conflict of interest in relation to RBS customers.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6698
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>UK Financial Investment (UKFI) adheres to the Code of Practice as set out by the Office of the Commissioner for Public Appointments, which specifically addresses the issue of actual, potential or perceived conflicts of interest.</p><p> </p><p> </p><p> </p><p>In addition, UKFI is subject to the Companies Act 2006, which sets out in detail the legal obligations whereby companies have a legal duty to avoid conflicts of interest</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 15/07/2015 15:36:29 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389457

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will investigate whether senior employees of RBS have acted fraudulently in relation to interest swap arrangements with customers deemed to be sophisticated.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6699
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The Government has been very clear that the mis-selling of financial products is wrong and it is important that those businesses that have been affected are compensated. In May 2013, the Financial Conduct Authority (FCA) launched a redress scheme for small businesses which had been mis-sold Interest Rate Hedging Products (IRHPs). The scheme is now close to conclusion and, to date, 17,000 small and medium-sized enterprises (SMEs) have been through the FCA redress scheme. Of these, 12,000 SMEs have accepted their offer, amounting to over £1.9 billion in payouts. Any investigation would be a matter for the FCA in its role as independent regulator.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 16:31:35 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389459

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether the one per cent cap on public sector pay rises will apply to people earning the statutory minimum wage.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	6571
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>At the Summer Budget 2015 it was announced that the government will fund public sector workforces for a pay award of one per cent for each of four years from 2016-17.</p><p> </p><p> </p><p> </p><p>The one per cent pay award is an average that applies to a department rather than each individual. This means that departments are free to distribute the award among staff based on their own requirements.</p><p> </p><p> </p><p> </p><p>The Minimum Wage and National Living Wage are both statutory requirements and are paid to public sector workers. Those on the Minimum Wage and National Living Wage will see pay rises in line with the Low Pay Commission’s recommendations.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 21/07/2015 16:04:29 answering member 1526 label Biography information for Greg Hands
tabling member	4473 label Biography information for Louise Haigh