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1002244

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much they have loaned to the Republic of Ireland during the past decade; and of those loans, (1) what capital has been repaid, and (2) how much interest has been received.
	tabling member printed	Lord Kilclooney
	uin	HL11265
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>I refer the noble Lord to the most recent statutory report under section 2 of the Loans to Ireland Act 2010, which was laid in Parliament on 15 October 2018. The report shows that the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. Interest payments have been paid twice-yearly since 15 December 2011 and payments received so far total £483,359,983.93. The government expects the loan to be repaid on time and in full.</p><p> </p><p>[1] The statutory report is available here: <a href="https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018" target="_blank">https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018</a></p><p> </p><p> </p> answering member printed Lord Bates question first answered 21/11/2018 15:45:58 answering member 1091 label Biography information for Lord Bates attachment 1 file name Ireland_loan_statutory_report_September_2018_web.pdf title Loans to Ireland
	tabling member	657 label Biography information for Lord Kilclooney

1273492

	registered interest
	date	30/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what interest has been paid by the Republic of Ireland for loans made under the Loans to Ireland Act 2010; and when any such loans are expected to be repaid.
	tabling member printed	Lord Kilclooney
	uin	HL11669
	answer	answer is ministerial correction date of answer 14/01/2021 answer text <p>The latest statutory report under section 2 of the Loans to Ireland Act 2010 discloses all interest payments made up to 30 September 2020. Since that date, Ireland has made one further regular interest payment, and one further tranche repayment with associated interest. Ireland is scheduled to repay the final tranche in March 2021. The Government continues to expect the loan to be repaid in full and on time.</p> answering member printed Lord Agnew of Oulton question first answered 14/01/2021 15:46:50 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1302700

	registered interest
	date	15/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Northern Ireland Protocol: Freeports
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the implications of the Northern Ireland Protocol for the selection of any Northern Ireland ports as freeports.
	tabling member printed	Lord Kilclooney
	uin	HL14224
	answer	answer is ministerial correction date of answer 23/03/2021 answer text We want to ensure that the whole of the UK can benefit from Freeports. The UK Government is holding ongoing discussions with the Northern Ireland Executive to establish at least one Freeport in Northern Ireland as soon as possible.<p> </p><p>The Northern Ireland Protocol does not prevent the establishment of Freeports in Northern Ireland. However, it is appropriate that we take the time, working with the Northern Ireland Executive, to ensure the Freeport offer fully aligns with the circumstances in Northern Ireland and our international obligations, and delivers for ports, businesses and communities in Northern Ireland.</p> answering member printed Lord Agnew of Oulton question first answered 23/03/2021 14:29:20 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1339652

	registered interest
	date	23/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freeports: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to identify a freeport within Northern Ireland.
	tabling member printed	Lord Kilclooney
	uin	HL1350
	answer	answer is ministerial correction date of answer 06/07/2021 answer text <p>Freeports will be national hubs for international trade, innovation and commerce, regenerating communities across the UK by attracting new businesses, spreading jobs, investment and opportunity to towns and cities up and down the country.</p><p> </p><p>We want to ensure that the whole of the UK can benefit. We remain committed to establishing at least one Freeport in Northern Ireland as soon as possible.</p> answering member printed Lord Agnew of Oulton question first answered 06/07/2021 11:12:53 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1362403

	registered interest
	date	21/10/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Air Passenger Duty: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether Airport Passenger Duty is applied to internal flights from Northern Ireland within the UK; and if so, what plans there are for this to cease.
	tabling member printed	Lord Kilclooney
	uin	HL3294
	answer	answer is ministerial correction date of answer 04/11/2021 answer text <p>Air Passenger Duty (APD) is a per-passenger tax levied on flights departing from UK airports, including those between Northern Ireland and Great Britain.</p><p> </p><p>At Budget, the Government announced that, from April 2023, it would introduce a new reduced domestic band of APD, covering flights between England, Scotland, Wales and Northern Ireland, in order to support connectivity across the UK.</p> answering member printed Lord Agnew of Oulton question first answered 04/11/2021 15:46:49 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1367667

	registered interest
	date	09/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Life Insurance: Foreign Companies
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which organisation oversees firms which provide life insurance policies for persons in the UK.
	tabling member printed	Lord Kilclooney
	uin	HL3884
	answer	answer is ministerial correction date of answer 23/11/2021 answer text <p>The Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) oversee firms which provide life insurance policies for those in the UK.</p><p>The Prudential Regulatory Authority (PRA), which is part of the Bank of England, promotes the safety and soundness of insurers, and the protection of policyholders. This includes arrangements for protecting customers in the event of an insurer failing, via the Financial Services Compensation Scheme.</p><p>The Financial Conduct Authority (FCA) regulates the conduct of insurers, as well as more broadly the integrity of the UK’s financial markets. The FCA also has an objective to secure an appropriate degree of protection for consumers.</p> answering member printed Lord Agnew of Oulton question first answered 23/11/2021 14:01:21 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1380057

	registered interest
	date	18/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the outstanding loan principal due by the Republic of Ireland has been fully repaid; and what were the total interest payments received from the Republic of Ireland.
	tabling member printed	Lord Kilclooney
	uin	HL4195
	answer	answer is ministerial correction date of answer 30/11/2021 answer text <p>Ireland received a loan of a total of £3,226,960,000 under the Loans to Ireland Act 2010, which has been repaid in full as of 31 March 2021. The total interest paid was £628,677,551.77.</p> answering member printed Lord Agnew of Oulton question first answered 30/11/2021 13:10:35 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	657 label Biography information for Lord Kilclooney

1640207

	registered interest
	date	24/05/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Expenditure: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what was the most recent annual credit to Northern Ireland as a result of the Barnett Formula.
	tabling member printed	Lord Kilclooney
	uin	HL8095
	answer	answer is ministerial correction date of answer 05/06/2023 answer text <p>As set out recently in the Main Estimates memoranda, the Northern Ireland Executive has received £2.0 billion through the Barnett formula for 2023-24 on top of the Spending Review 2021 baseline. This means the Northern Ireland Executive’s total block grant (Total DEL) funding for 2023-24 is £15.8 billion.</p><p> </p><p><strong> </strong></p> answering member printed Baroness Penn question first answered 05/06/2023 14:45:15 answering member 4726 label Biography information for Baroness Penn
	tabling member	657 label Biography information for Lord Kilclooney

968803

	registered interest
	date	05/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Air Passenger Duty: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether air passenger duty is applied to flights from Northern Ireland to other parts of the UK; and if so, what plans they have to introduce a rate of 0 per cent.
	tabling member printed	Lord Kilclooney
	uin	HL10087
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Flights between regions of the UK are subject to the short haul rate of Air Passenger Duty. Under State aid rules, it is not possible to vary tax rates for domestic flights only.</p><p> </p><p>The government has made a number of reforms to reduce the effect of APD on consumers, including exempting children on economy flights. This could save a family of four £52 on a roundtrip within the UK.</p><p> </p><p>Like all taxes, Air Passenger Duty remains under review. In June we closed a call for evidence on ‘VAT, Air Passenger Duty and tourism in Northern Ireland’. It is the government’s intention to report at Budget.</p> answering member printed Lord Bates question first answered 14/09/2018 13:35:00 answering member 1091 label Biography information for Lord Bates
	tabling member	657 label Biography information for Lord Kilclooney

990155

	registered interest
	date	17/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Block Grant
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they consider that the annual block grant payments to the devolved administrations in Northern Ireland, Wales and Scotland represent a subsidy from taxpayers in England or a transfer of the shares of national income due to those devolved administrations.
	tabling member printed	Lord Kilclooney
	uin	HL10777
	answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>The devolved administrations' block grants are generally linked to changes in comparable spending by UK Government in devolved areas. This is achieved by means of the Barnett Formula and supports the principles underlying inter-administration financial relations including accountability, autonomy, transparency, economic efficiency, stability and predictability, discipline and consent. More information on HM Treasury’s policy on funding the devolved administrations is set out in the Statement of Funding Policy<strong>. </strong></p> answering member printed Lord Bates question first answered 05/11/2018 12:50:56 answering member 1091 label Biography information for Lord Bates
	tabling member	657 label Biography information for Lord Kilclooney