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1347918
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Workplace Pensions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government how much was invested by (1) the Principal Civil Service Pension Scheme, (2) the NHS Pension Scheme, (3) the Teachers’ Pension Scheme, (4) the Local Government Pension Scheme, (5) the Firefighters’ Pension Scheme, and (6) the Armed Forces Pension Scheme, into (a) Alibaba, (b) Tencent, (c) China Construction Bank, (d) China Petroleum & Chemical Corporation, and (e) China National Offshore Oil Corporation, between 2014 and 2020. more like this
tabling member printed
Lord Alton of Liverpool more like this
uin HL2136 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The main unfunded public service pension schemes have not invested in any of the mentioned companies.</p><p> </p><p>Most Public Service Pension schemes are unfunded Defined Benefit pension schemes, with the exception of the Local Government Pension Scheme. Members’ pension benefits are set out in statute and there is no fund of assets from which pension benefits are paid. Employer and employee contributions are paid to the relevant public service pension scheme, but these contributions are not invested. Instead, the public service pension scheme uses the contributions to meet the cost of pensions in payment. Where there is a difference between pensions in payment and total contributions, the difference is made up by HMT through Annually Managed Expenditure (AME).</p><p> </p><p>The Local Government Pension Scheme is a funded scheme in which all the assets are owned by the administering authorities, which are responsible for the management of their investments. The data requested is not held centrally.</p>
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-07-30T09:35:05.55Zmore like thismore than 2021-07-30T09:35:05.55Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
738
label Biography information for Lord Alton of Liverpool more like this
1347925
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Infrastructure and Projects Authority more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Annual Report on Major Projects 2020–21 by the Infrastructure and Projects Authority, published on 15 July, in respect of the projects categorised 'red', what plans they have (1) to reassess the need for these projects, and (2) to cancel these projects; and what estimate they have made of the savings that would result from cancelling these projects. more like this
tabling member printed
Lord Berkeley more like this
uin HL2143 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The IPA is not responsible for the individual GMPP projects, and the decisions to re-assess, or cancel a project belong to the relevant Departmental Accounting Officer.</p><p> </p><p>The previous Delivery Confidence Assessment (DCA) rating colours for HS2 are not shown as this is the first time that the individual phases of the project have been presented in the IPA’s Annual Report, previously HS2 has been presented as a single project.</p><p> </p><p>The IPA will continue to work closely with all departments and delivery bodies, including the Department for Transport and HS2 Ltd to ensure efficient and effective delivery to drive construction innovation and capture and share lessons learned.</p> more like this
answering member printed Lord Agnew of Oulton more like this
grouped question UIN HL2144 more like this
question first answered
less than 2021-07-30T09:34:22.947Zmore like thismore than 2021-07-30T09:34:22.947Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
3526
label Biography information for Lord Berkeley more like this
1347926
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Infrastructure and Projects Authority more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Annual Report on Major Projects 2020–21 by from the Infrastructure and Projects Authority, published on 15 July, (1) why historical data of eight years of 'amber/red' or 'red' colour ratings has been deleted, (2) why the HS2 project has been separated into Phases 1, 2a and 2b, and (3) on what (a) costs, (b) benefits, and (c) timetable, are the revised assessments of Phases 1 and 2b made; and what steps they plan to take to ensure these are assessed as 'amber' or 'green' in the 2021–22 report. more like this
tabling member printed
Lord Berkeley more like this
uin HL2144 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The IPA is not responsible for the individual GMPP projects, and the decisions to re-assess, or cancel a project belong to the relevant Departmental Accounting Officer.</p><p> </p><p>The previous Delivery Confidence Assessment (DCA) rating colours for HS2 are not shown as this is the first time that the individual phases of the project have been presented in the IPA’s Annual Report, previously HS2 has been presented as a single project.</p><p> </p><p>The IPA will continue to work closely with all departments and delivery bodies, including the Department for Transport and HS2 Ltd to ensure efficient and effective delivery to drive construction innovation and capture and share lessons learned.</p> more like this
answering member printed Lord Agnew of Oulton more like this
grouped question UIN HL2143 more like this
question first answered
less than 2021-07-30T09:34:23.01Zmore like thismore than 2021-07-30T09:34:23.01Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
3526
label Biography information for Lord Berkeley more like this
1347954
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Overseas Companies more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what requirements UK companies have to conduct due diligence on the source of funds when selling goods to (1) members of, or (2) representatives of the (a) government of Zimbabwe, and (b) governments of other countries, where widespread corruption is evident. more like this
tabling member printed
Lord Oates more like this
uin HL2173 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The Government has not had specific discussions with the Bank of England or Reserve Bank of Zimbabwe on this issue. The UK does not have any foreign currency controls in place.</p><p> </p><p>Separately, under the Money Laundering Regulations (MLRs), regulated entities are required to conduct enhanced due diligence if a transaction or a business relationship involves a ‘politically exposed person’ such as a Minister from another country. The MLRs also require that regulated entities conduct enhanced due diligence on transactions and businesses relationships involving individuals established in a high risk country. The UK’s High Risk Countries list is specified under the MLRs and aligns with assessments made by the Financial Action Taskforce, the global anti-money laundering standard setter.</p><p> </p><p>Where financial institutions are in scope of the MLRs, they are supervised by the FCA. Where high value dealers are in scope of the MLRs, they are supervised by HMRC.</p> more like this
answering member printed Lord Agnew of Oulton more like this
grouped question UIN
HL2174 more like this
HL2178 more like this
question first answered
less than 2021-07-30T09:35:36.467Zmore like thismore than 2021-07-30T09:35:36.467Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
4549
label Biography information for Lord Oates more like this
1347955
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Motor Vehicles: Zimbabwe more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they will investigate the due diligence conducted by GVE London into the funds allegedly used by a Zimbabwe minister to purchase a Rolls Royce Phantom. more like this
tabling member printed
Lord Oates more like this
uin HL2174 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The Government has not had specific discussions with the Bank of England or Reserve Bank of Zimbabwe on this issue. The UK does not have any foreign currency controls in place.</p><p> </p><p>Separately, under the Money Laundering Regulations (MLRs), regulated entities are required to conduct enhanced due diligence if a transaction or a business relationship involves a ‘politically exposed person’ such as a Minister from another country. The MLRs also require that regulated entities conduct enhanced due diligence on transactions and businesses relationships involving individuals established in a high risk country. The UK’s High Risk Countries list is specified under the MLRs and aligns with assessments made by the Financial Action Taskforce, the global anti-money laundering standard setter.</p><p> </p><p>Where financial institutions are in scope of the MLRs, they are supervised by the FCA. Where high value dealers are in scope of the MLRs, they are supervised by HMRC.</p> more like this
answering member printed Lord Agnew of Oulton more like this
grouped question UIN
HL2173 more like this
HL2178 more like this
question first answered
less than 2021-07-30T09:35:36.497Zmore like thismore than 2021-07-30T09:35:36.497Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
4549
label Biography information for Lord Oates more like this
1347959
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Motor Vehicles: Zimbabwe more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what discussions they have had with (1) the Bank of England, and (2) the Reserve Bank of Zimbabwe, regarding foreign currency regulations; and whether those regulations were complied with during the reported purchase of a Rolls Royce Phantom for a minister in the government of Zimbabwe. more like this
tabling member printed
Lord Oates more like this
uin HL2178 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>The Government has not had specific discussions with the Bank of England or Reserve Bank of Zimbabwe on this issue. The UK does not have any foreign currency controls in place.</p><p> </p><p>Separately, under the Money Laundering Regulations (MLRs), regulated entities are required to conduct enhanced due diligence if a transaction or a business relationship involves a ‘politically exposed person’ such as a Minister from another country. The MLRs also require that regulated entities conduct enhanced due diligence on transactions and businesses relationships involving individuals established in a high risk country. The UK’s High Risk Countries list is specified under the MLRs and aligns with assessments made by the Financial Action Taskforce, the global anti-money laundering standard setter.</p><p> </p><p>Where financial institutions are in scope of the MLRs, they are supervised by the FCA. Where high value dealers are in scope of the MLRs, they are supervised by HMRC.</p> more like this
answering member printed Lord Agnew of Oulton more like this
grouped question UIN
HL2173 more like this
HL2174 more like this
question first answered
less than 2021-07-30T09:35:36.437Zmore like thismore than 2021-07-30T09:35:36.437Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
4549
label Biography information for Lord Oates more like this
1347965
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Small Businesses: Coronavirus more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have to offer financial support to small businesses who will keep COVID-19 capacity limits in place. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL2184 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-30more like thismore than 2021-07-30
answer text <p>Throughout the pandemic, the Government has sought to protect people’s jobs and livelihoods while also supporting businesses and public services across the UK.</p><p> </p><p>To do this, the Government has put in place an economic package of support totalling £352 billion through the furlough and self-employed income support schemes, support for businesses through grants and loans, and business rates and VAT relief. Many of these schemes were extended at the Budget to provide continued support to businesses.</p><p> </p><p>In particular, the Government has made up to £25 billion in cash grants available over the course of the pandemic, to protect businesses in England and the jobs they support. Over £2 billion of discretionary business grant funding has been provided to local authorities via the Additional Restrictions Grant (ARG) fund, including a £425 million top-up announced at the Budget. A significant proportion of this £2 billion is still with local authorities and available to be allocated to businesses in need of support.</p><p> </p><p>Business Rates relief for retail, hospitality &amp; leisure will continue until next April. Eligible businesses have paid no business rates for 15 months from 1 April 2020, and thanks to the 66% relief, which took effect on 1 July 2021, an estimated 90% of eligible businesses will see a 75% reduction in the business rates bill for the entire financial year.</p><p> </p><p>The Recovery Loan Scheme (RLS) ensures viable businesses, including small businesses, continue to have access to Government-backed finance needed throughout 2021. The scheme will run until 31 December 2021. The scheme operates UK-wide, providing an 80% guarantee to lenders for term loans, overdrafts, and invoice and asset finance.</p><p> </p><p>To continue supporting the cash flow and viability of around 150,000 businesses and to protect over 2.4 million jobs across the UK, the Government has extended the temporary reduced rate of VAT (5%) to goods and services supplied by the tourism and hospitality sectors to the end of September. To help businesses manage the transition back to the standard rate, a 12.5% rate will then apply for a further six months, until 31 March 2022.</p>
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-07-30T09:33:30.777Zmore like thismore than 2021-07-30T09:33:30.777Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1347991
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading National Savings Bonds: Environment Protection more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, for what reason nuclear energy projects are excluded from the new green savings bonds; and how his Department plans to attract private investment to support point 3 of the 10 point plan for a Green Industrial Revolution. more like this
tabling member constituency Ynys Môn more like this
tabling member printed
Virginia Crosbie more like this
uin 35960 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-22more like thismore than 2021-07-22
answer text <p>The government recognises that reaching net zero emissions by 2050 will require power to be generated from low carbon sources. As set out in the Government’s Energy White Paper last autumn, nuclear power will play an important role in achieving net zero.</p><p> </p><p>Some energy sources have been excluded from the UK Government Green Financing Framework, including nuclear energy. This is in line with current international market standards for sovereign green bonds, it does not represent an assessment of what the Government considers ‘green’ or affect an expenditure’s eligibility for traditional financing instruments. We will review the framework on a regular basis with the aim of adhering to best practices in the market.</p><p> </p><p>In December, the Government published responses to the consultation on the proposed regulated asset base (RAB) funding model for nuclear projects, which involves an economic regulator granting a licence to a company to charge a regulated price to users of the infrastructure. The funding model could help secure private investment and cost consumers less in the long run. The Government is continuing to explore a range of financing options, including the RAB model and the potential role of government finance during construction, provided there is clear value for money for consumers and taxpayers.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2021-07-22T11:08:45.277Zmore like thismore than 2021-07-22T11:08:45.277Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4859
label Biography information for Virginia Crosbie more like this
1348012
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Treasury: Directors more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, which of his Department's non-executive directors were appointed through open competition. more like this
tabling member constituency Lancaster and Fleetwood more like this
tabling member printed
Cat Smith more like this
uin 35723 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-22more like thismore than 2021-07-22
answer text <p>All HM Treasury Non-Executive Directors were recruited according to the guidance set out in the Corporate governance code for central government departments.</p><p> </p><p>HM Treasury announces the appointments (including reappointment dates) of Non-Executive Directors, as well as their experience, in the Annual Report and Accounts. Our current Non-Executives are covered in the following Annual Report and Accounts.</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/446730/50601_HC_34_HMT_Annual_Report_WEB.pdf" target="_blank">Annual Report and Accounts 2014-15</a> (Page 24, 41)</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/533615/annual_report_and_accounts_2016_-_web.pdf" target="_blank">Annual Report and Accounts 2015-16</a> (Page 41)</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/821147/HMT_ARA_with_correction_slip.pdf" target="_blank">Annual Report and Accounts 2018-19</a> (Page 45)</p>
answering member constituency Saffron Walden more like this
answering member printed Kemi Badenoch more like this
question first answered
less than 2021-07-22T13:18:09.727Zmore like thismore than 2021-07-22T13:18:09.727Z
answering member
4597
label Biography information for Kemi Badenoch more like this
tabling member
4436
label Biography information for Cat Smith more like this
1348020
registered interest false more like this
date remove maximum value filtermore like thismore than 2021-07-19
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Civil Service: Pay more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to paragraph 4.1 of the Civil Service Pay Remit Guidance 2020-21 published by the Cabinet Office on 18 May 2020, what assessment he has made of the adequacy of HM Revenue and Customs' work with its recognised trade unions on the development of its pay business case for years 2020-21 to 2022-23. more like this
tabling member constituency Hayes and Harlington more like this
tabling member printed
John McDonnell more like this
uin 35482 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-07-26more like thismore than 2021-07-26
answer text <p>The Civil Service Pay Remit Guidance 2020-21 encourages departments to work constructively with trade unions on the development of their overall pay, reward and workforce strategies as a matter of course. HMRC have followed the Cabinet Office procedure for pay cases including conducting formal negotiations with trade unions in late 2020.</p><p> </p><p>The outcome was a pay settlement agreed with trade unions and endorsed by Union members in a series of ballots held in February 2021.</p> more like this
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2021-07-26T13:19:42.053Zmore like thismore than 2021-07-26T13:19:42.053Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
178
label Biography information for John McDonnell more like this