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92962

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
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 the value is of sold RBS assets overseas; and how much of that value has been returned to his Department.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	210243
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>HM Treasury does not hold information relating to the value of assets overseas that have been sold by RBS.</p><p> </p><p> </p><p> </p><p>HM Treasury does not directly receive proceeds from the disposal of RBS assets, rather it retains value through its shareholdings in the company.</p><p> </p><p> </p><p> </p><p>RBS is run on a fully commercial basis, at arm’s length from HM Treasury. It retains its own board of directors who are responsible for the commercial decisions of RBS. HM Treasury is not involved in the disposal decisions or execution process for individual assets.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/10/2014 16:16:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4131 label Biography information for Jim Shannon

93034

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector Debt: UN Resolutions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reason the UK voted against UN Resolution A/68/L.57/Rev.1, entitled Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes, on 9 September 2014.
tabling member constituency	Wirral South
tabling member printed	Alison McGovern
uin	210225
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>The Government is actively engaged in ongoing discussions in a number of international fora, to reform the framework for sovereign debt restructurings. As outlined in the joint-EU Explanation of Vote on this Resolution, as with a number of other Governments, the UK Government was not in a position to support this UN resolution given concerns over the lack of time afforded to members to discuss the complex issues it raised.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/10/2014 16:25:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4083 label Biography information for Alison McGovern

93056

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to ensure that businesses in the RBS Capital Resolution bank are restored to the good bank within RBS.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210142
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210140 210141 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

93057

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many businesses with commercial loans transferred to RBS Capital Resolution have been taken out of that division of the bank and restored to the good bank.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210141
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210140 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

93058

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total amount is of commercial loan values that have been transferred to RBS Capital Resolution since its inception.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210140
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210141 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

93061

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effectiveness of government financial support to business through grants and tax foregone.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	210155
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>Tax reliefs are administrated as part of the tax system and are subject to different rules to public expenditure.</p><p> </p><p> </p><p> </p><p>HM Treasury and Her Majesty’s Revenue and Customs (HMRC) keep all aspects of the tax system under review to ensure the effectiveness of tax reliefs and to prevent abuse. HMRC has responsibility for administering and monitoring tax reliefs for abuse and, with HM Treasury, is responsible for appraising and evaluating any aspects of the tax system.</p><p> </p><p> </p><p> </p><p>The introduction of all tax reliefs or changes to their design and scope are subject to Parliamentary spending scrutiny during the Finance Bill process.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 210154 210157 210158 question first answered 16/10/2014 16:59:27 answering member 1529 label Biography information for Mr David Gauke
tabling member	308 label Biography information for Mr Jim Cunningham

93063

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tax Allowances: Business
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 cost to the Exchequer of tax relief to businesses since 2010.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	210157
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>Tax reliefs are administrated as part of the tax system and are subject to different rules to public expenditure.</p><p> </p><p> </p><p> </p><p>HM Treasury and Her Majesty’s Revenue and Customs (HMRC) keep all aspects of the tax system under review to ensure the effectiveness of tax reliefs and to prevent abuse. HMRC has responsibility for administering and monitoring tax reliefs for abuse and, with HM Treasury, is responsible for appraising and evaluating any aspects of the tax system.</p><p> </p><p> </p><p> </p><p>The introduction of all tax reliefs or changes to their design and scope are subject to Parliamentary spending scrutiny during the Finance Bill process.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 210154 210155 210158 question first answered 16/10/2014 16:59:27 answering member 1529 label Biography information for Mr David Gauke
tabling member	308 label Biography information for Mr Jim Cunningham

93064

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how often he reviews the cost effectiveness of corporate welfare schemes; and what the criteria are for such schemes to be continued.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	210158
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>Tax reliefs are administrated as part of the tax system and are subject to different rules to public expenditure.</p><p> </p><p> </p><p> </p><p>HM Treasury and Her Majesty’s Revenue and Customs (HMRC) keep all aspects of the tax system under review to ensure the effectiveness of tax reliefs and to prevent abuse. HMRC has responsibility for administering and monitoring tax reliefs for abuse and, with HM Treasury, is responsible for appraising and evaluating any aspects of the tax system.</p><p> </p><p> </p><p> </p><p>The introduction of all tax reliefs or changes to their design and scope are subject to Parliamentary spending scrutiny during the Finance Bill process.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 210154 210155 210157 question first answered 16/10/2014 16:59:27 answering member 1529 label Biography information for Mr David Gauke
tabling member	308 label Biography information for Mr Jim Cunningham

93065

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Government Assistance
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 total funds provided by Government for (a) corporate welfare grants and support schemes and (b) tax forgone.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	210154
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>Tax reliefs are administrated as part of the tax system and are subject to different rules to public expenditure.</p><p> </p><p> </p><p> </p><p>HM Treasury and Her Majesty’s Revenue and Customs (HMRC) keep all aspects of the tax system under review to ensure the effectiveness of tax reliefs and to prevent abuse. HMRC has responsibility for administering and monitoring tax reliefs for abuse and, with HM Treasury, is responsible for appraising and evaluating any aspects of the tax system.</p><p> </p><p> </p><p> </p><p>The introduction of all tax reliefs or changes to their design and scope are subject to Parliamentary spending scrutiny during the Finance Bill process.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 210155 210157 210158 question first answered 16/10/2014 16:59:27 answering member 1529 label Biography information for Mr David Gauke
tabling member	308 label Biography information for Mr Jim Cunningham

92454

registered interest
date	10/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Expenditure: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, on how many occasions (a) he and (b) officials in his Department have met the First or Deputy First Minister for Northern Ireland or officials from their department to discuss budgetary measures.
tabling member constituency	South Down
tabling member printed	Ms Margaret Ritchie
uin	209998
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>Treasury Ministers and officials have regular discussions with the Northern Ireland Executive Ministers and officials on a variety of topics.</p><p> </p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 16/10/2014 13:44:03 answering member 1535 label Biography information for Danny Alexander
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick