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581686

	registered interest
	date	12/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Social Security Benefits: EU Nationals
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, in the light of the analysis by HM Revenue and Customs <i>Further Tax Credit Statistics on EEA Nationals</i>, published on 25 August, how many individuals who were recorded as being (1) Bulgarian, and (2) Romanian, nationals at the time of issue of their National Insurance numbers claimed (a) tax credits, and (b) child benefit, in 2014–15; and what was the amount of those claims.
	tabling member printed	Lord Green of Deddington
	uin	HL1820
	answer	answer is ministerial correction date of answer 26/09/2016 answer text <p>The ‘Further Tax Credit Statistics on EEA Nationals, 2013/14’ publication released in August of this year covered HMRC benefits alongside National Insurance Contributions and Income Tax paid by EEA nationals for 2013/14. HMRC information on EEA nationals is complex and the data should be considered in its totality, as set out in that August publication, in order to get as comprehensive and complete a picture as possible. The data on the amount of National Insurance and Income Tax paid for 2014/15 will not be available until spring 2017, and will be published alongside tax credits and Child Benefit data in due course.</p> answering member printed Lord Young of Cookham question first answered 26/09/2016 14:59:47 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4346 label Biography information for Lord Green of Deddington

583468

	registered interest
	date	14/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Enterprise Zones: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they have received proposals from the Northern Ireland Executive for the establishment of an Enterprise Zone in Northern Ireland, and if so, where such a zone would be located.
	tabling member printed	Lord Empey
	uin	HL1931
	answer	answer is ministerial correction date of answer 26/09/2016 answer text <p>The establishment of an enterprise zone in Northern Ireland is a matter for the Northern Ireland Executive.</p><p> </p><p>In the 2013 economic pact between the UK government and the Northern Ireland Executive, ‘Building a Prosperous and United Community’, we agreed to consider designating a range of sites within any Northern Ireland Enterprise Zone as designated areas for Enhanced Capital Allowances, should the Executive propose them.</p><p> </p><p>This year, we delivered the necessary legislation to provide for Enhanced Capital Allowances in the Executive’s pilot Coleraine Enterprise Zone.</p> answering member printed Lord Young of Cookham grouped question UIN HL1932 question first answered 26/09/2016 13:43:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4216 label Biography information for Lord Empey

583470

	registered interest
	date	14/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Enterprise Zones: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government when they received their most recent communication from the Northern Ireland Executive concerning the establishment of an Enterprise Zone in Northern Ireland.
	tabling member printed	Lord Empey
	uin	HL1932
	answer	answer is ministerial correction date of answer 26/09/2016 answer text <p>The establishment of an enterprise zone in Northern Ireland is a matter for the Northern Ireland Executive.</p><p> </p><p>In the 2013 economic pact between the UK government and the Northern Ireland Executive, ‘Building a Prosperous and United Community’, we agreed to consider designating a range of sites within any Northern Ireland Enterprise Zone as designated areas for Enhanced Capital Allowances, should the Executive propose them.</p><p> </p><p>This year, we delivered the necessary legislation to provide for Enhanced Capital Allowances in the Executive’s pilot Coleraine Enterprise Zone.</p> answering member printed Lord Young of Cookham grouped question UIN HL1931 question first answered 26/09/2016 13:43:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4216 label Biography information for Lord Empey

583937

	registered interest
	date	15/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Overseas Aid
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what percentage of the International Aid budget is spent by departments other than the Department for International Development, and which are those departments and how much they are spending.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL1984
	answer	answer is ministerial correction date of answer 29/09/2016 answer text <p>The estimated proportion of Official Development Assistance (ODA) to be spent by Departments other than the Department for International Development based on the Spending Review 2015 settlement is 18% in 2016/17. The other departments spending ODA (including allocations from cross-Government funds) are: the Department of Health; the Department of Business, Energy &amp; Industrial Strategy; the Foreign &amp; Commonwealth Office; the Department for Energy, Food &amp; Rural Affairs; HM Revenue &amp; Customs; HM Treasury; the Office of National Statistics; the Department for Education; the Department for Work and Pensions; Department for Culture, Media &amp; Sport; the Ministry of Defence; the Department for Transport; and the Home Office.</p><p> </p><p>Outturn figures are not yet available, but a detailed breakdown of the 2016 ODA spend by department will be published in April 2017.</p><p> </p> answering member printed Lord Young of Cookham question first answered 29/09/2016 13:04:17 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

583939

	registered interest
	date	15/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Overseas Aid
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether the procedures and priorities to agree the spending of public money on international aid are the same across all government departments, and if there are differences, what they are.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL1986
	answer	answer is ministerial correction date of answer 29/09/2016 answer text <p>The allocation of Official Development Assistance (ODA) funding was agreed at the 2015 Spending Review in line with the strategic objectives set out in the UK aid strategy. Departments spending ODA are required to demonstrate how they are using rigorous evidence to underpin spending decisions. There must be clear lines of accountability for all ODA projects, and project performance must be regularly assessed. Poor performing programmes will be closed and funds redeployed. In addition, all ODA spend is subject to scrutiny by the Independent Commission for Aid Impact.</p><p> </p><p>Spending on ODA is also subject to the principles of sound financial management set out in ‘Managing Public Money’. Within these constraints departments have discretion over how they organise, direct and manage the resources at their disposal.</p> answering member printed Lord Young of Cookham question first answered 29/09/2016 13:03:37 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

592883

	registered interest
	date	03/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cider: Excise Duties
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what plans they have to change the current duty structure for cider in the light of their statement that alcohol duties should be directly proportional to alcohol content.
	tabling member printed	Baroness Finlay of Llandaff
	uin	HL2009
	answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>Current rules require that cider duty is structured in bands according to the strength of the product.</p><p> </p><p>The government continues to keep all taxes under review, and in that context is considering the views of stakeholders.</p> answering member printed Lord Young of Cookham question first answered 17/10/2016 15:50:03 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3609 label Biography information for Baroness Finlay of Llandaff

592909

	registered interest
	date	03/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Monetary Policy
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will review the impact of quantitative easing on investment and on savings to determine whether it is of greater benefit to one or the other.
	tabling member printed	Lord Myners
	uin	HL2035
	answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>The independent Monetary Policy Committee (MPC) is responsible for setting monetary policy to deliver its primary objective of maintaining price stability. As the MPC remit makes clear, ensuring price stability is an essential pre-requisite for economic prosperity. The MPC is accountable to both Parliament and the public, through regular reports and evidence given to the Treasury Committee. The Bank of England has previously produced analysis of the distributional effects of asset purchases on different groups in society. At the August Inflation Report hearing on 7 September the Bank committed to updating this analysis.</p> answering member printed Lord Young of Cookham question first answered 17/10/2016 14:27:01 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

592910

	registered interest
	date	03/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Marketing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what plans they have to restrict the advertising and promotion of primary option trading and investment to retail investors in the UK by firms based in Cyprus and Malta.
	tabling member printed	Lord Myners
	uin	HL2036
	answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>The government takes this issue very seriously.</p><p> </p><p>The government will introduce measures to strengthen investor protection when it transposes the Markets in Financial Instruments Directive II (MiFID II).</p><p> </p><p>This will include powers for the Financial Conduct Authority (FCA) to prohibit or restrict the marketing, distribution or sale of financial instruments, including relevant binary options where there are significant investor protection concerns.</p><p> </p><p>These powers will apply from 3 January 2018.</p> answering member printed Lord Young of Cookham question first answered 17/10/2016 12:36:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

598057

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: North Korea
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether the government of North Korea, or any of its state-owned companies, has access to the London Stock Exchange or holds financial interests in the UK.
	tabling member printed	Lord Alton of Liverpool
	uin	HL2086
	answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>As part of UN and EU sanctions, banks are required to close existing branches, subsidiaries or accounts in North Korea where it has been determined that they contribute to North Korea’s ballistic missile programmes. The sanctions also prohibit any commercial activity by the Government of North Korea (including legal persons, entities or bodies owned or controlled by them).</p><p>Assets owned or controlled in the EU by designated DPRK persons, entities or bodies, including government bodies, are subject to an asset freeze and cannot be traded on the London Stock Exchange. A list of designations which has been placed in the Library includes a number of DPRK government and state-owned bodies. HM Treasury implements these financial sanctions in the UK. Non-compliance with financial sanctions is a criminal offence and HM Treasury works closely with law enforcement to ensure sanctions breaches are dealt with appropriately. For reasons of confidentiality, the Treasury does not make public the details of individual reports of frozen assets.</p> answering member printed Lord Young of Cookham question first answered 24/10/2016 13:49:21 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	738 label Biography information for Lord Alton of Liverpool

598073

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Exchange Rates
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of whether the drop in the value of sterling in recent months reflects the markets' view of the likely future health of the UK economy.
	tabling member printed	Lord Birt
	uin	HL2102
	answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> answering member printed Lord Young of Cookham grouped question UIN HL2120 question first answered 18/10/2016 14:25:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2533 label Biography information for Lord Birt

598091

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Exchange Control
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they have any plans to reintroduce exchange controls following Brexit.
	tabling member printed	Lord Inglewood
	uin	HL2120
	answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> answering member printed Lord Young of Cookham grouped question UIN HL2102 question first answered 18/10/2016 14:25:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1980 label Biography information for Lord Inglewood

598092

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	UK Membership of EU
	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 annual tax revenues derived from business activities dependent upon membership of the European Single Market; and what is the UK's annual net contribution to the EU budget.
	tabling member printed	Lord Inglewood
	uin	HL2121
	answer	answer is ministerial correction date of answer 21/10/2016 answer text <p>As noted in the previous written answer in question (HL131), there have been no new estimates made for the impact on tax revenue since the EU referendum.</p><p> </p><p>Details of UK net contributions to the EU Budget over the period 2011-12 to 2015-16 can be found in Table C1, page 194, of the 2016 Public Expenditure Statistical Analyses (Cm 9322) which was published in July. This is available in the House library.</p><p> </p><p>This table also includes the Office for Budget Responsibility’s March forecast of UK net contributions to the EU Budget for the period 2016-17 to 2019-20.</p> answering member printed Lord Young of Cookham question first answered 21/10/2016 13:19:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1980 label Biography information for Lord Inglewood

598107

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	M20: Large Goods Vehicles
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether the National Infrastructure Commission will examine the economic impact of (1) the deployment of Operation Stack in 2015, and (2) their plans for a lorry area to address problems caused by Operation Stack.
	tabling member printed	Baroness Randerson
	uin	HL2136
	answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The National Infrastructure Commission (NIC) will examine strategic transport infrastructure when it conducts its first National Infrastructure Assessment.</p><p> </p><p>The Chancellor, together with the NIC, has launched a call for ideas to give stakeholders an opportunity to contribute their ideas for issues which could form the subject of future NIC studies. This process will help us ensure the NIC is focused on the country’s most critical infrastructure challenges.</p> answering member printed Lord Young of Cookham question first answered 18/10/2016 11:47:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4230 label Biography information for Baroness Randerson

598111

	registered interest
	date	10/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank of England
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, in the light of comments by Kristin Forbes, a member of the Bank of England's Monetary Policy Committee, on possible over-counting of the economic effects of Brexit, what assessment they have made of the Bank of England's growth forecasts.
	tabling member printed	Lord Taylor of Warwick
	uin	HL2140
	answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The government has produced no such assessment of the independent Monetary Policy Committee’s forecasts for the UK economy.</p><p> </p><p>The independent Office for Budget Responsibility (OBR) has the responsibility to produce detailed forecasts for the economy and public finances twice a year. The OBR will produce forecasts to accompany the Autumn Statement on 23 November.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/10/2016 14:25:54 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

598878

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what action they have taken to ensure that (1) employers, and (2) employees earning under £11,000 a year, understand the consequences of using a net pay arrangement on entitlement to tax relief.
	tabling member printed	Baroness Altmann
	uin	HL2186
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This guidance covers the choice between net pay and relief at source schemes, and the implications of net pay schemes for employees who do not pay tax.</p><p> </p><p>The Government’s latest analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6, and is available in the report titled: Workplace pensions: Update of Analysis on Automatic Enrolment 2016, which is available on the gov.uk website.</p><p> </p><p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not therefore hold information on the value of tax reliefs paid out to employees in net pay schemes.</p> answering member printed Lord Young of Cookham grouped question UIN HL2187 HL2188 question first answered 25/10/2016 16:51:27 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4533 label Biography information for Baroness Altmann

598879

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what plans they have to ensure that workers who are contributing to a workplace pension, and who earn less than £11,000 a year, are able to receive the government contribution to their pension for which they are eligible; and what action they are taking to ensure that such earners are not disadvantaged by losing out on the 25 per cent top-up to which they are entitled.
	tabling member printed	Baroness Altmann
	uin	HL2187
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This guidance covers the choice between net pay and relief at source schemes, and the implications of net pay schemes for employees who do not pay tax.</p><p> </p><p>The Government’s latest analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6, and is available in the report titled: Workplace pensions: Update of Analysis on Automatic Enrolment 2016, which is available on the gov.uk website.</p><p> </p><p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not therefore hold information on the value of tax reliefs paid out to employees in net pay schemes.</p> answering member printed Lord Young of Cookham grouped question UIN HL2186 HL2188 question first answered 25/10/2016 16:51:27 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4533 label Biography information for Baroness Altmann

598880

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what plans they have to assess the number of people earning less than £11,000 a year who are auto-enrolled or paying into net pay arrangement workplace pension schemes.
	tabling member printed	Baroness Altmann
	uin	HL2188
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This guidance covers the choice between net pay and relief at source schemes, and the implications of net pay schemes for employees who do not pay tax.</p><p> </p><p>The Government’s latest analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6, and is available in the report titled: Workplace pensions: Update of Analysis on Automatic Enrolment 2016, which is available on the gov.uk website.</p><p> </p><p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not therefore hold information on the value of tax reliefs paid out to employees in net pay schemes.</p> answering member printed Lord Young of Cookham grouped question UIN HL2186 HL2187 question first answered 25/10/2016 16:51:27 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4533 label Biography information for Baroness Altmann

598892

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether, in the light of Brexit, they are considering using a more flexible and variable approach to setting VAT and Excise duties for different goods and services to improve the nation's health and wellbeing.
	tabling member printed	Lord Brooke of Alverthorpe
	uin	HL2200
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>Until the UK has left the EU, we will remain a member of the EU with all the rights and obligations that membership entails.</p><p> </p><p>The Government will work hard to get the best deal for Britain, including for VAT and excise, and is determined to make the most of the opportunities that are presented.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 16:03:53 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3335 label Biography information for Lord Brooke of Alverthorpe

598907

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Sixth Form Colleges: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they plan to change the rules on VAT applicable to sixth form colleges.
	tabling member printed	Lord Storey
	uin	HL2214
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Government has no plans to change the rules on VAT applicable to sixth form colleges.</p><p> </p> answering member printed Lord Young of Cookham question first answered 25/10/2016 11:26:30 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4238 label Biography information for Lord Storey

598916

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Markets
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of whether high frequency trading has utility and is in the national interest.
	tabling member printed	Lord Vinson
	uin	HL2223
	answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>The Government sponsored the Foresight Project, which reported in 2012, to analyse the role, development, and impact of computer-based trading – including high frequency trading – in financial markets. The Future of Computer Trading in Financial Markets report highlighted the benefits of computer-based trading for the operation of markets, in particular relating to liquidity, transaction costs, and the efficiency of market prices, while also considering the implications for financial stability.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/10/2016 14:21:10 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1807 label Biography information for Lord Vinson

600488

	registered interest
	date	12/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Fuels: Tax Evasion
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government how many (1) prosecutions, and (2) convictions, in relation to fuel laundering there have been since 2014.
	tabling member printed	Lord Browne of Belmont
	uin	HL2241
	answer	answer is ministerial correction date of answer 26/10/2016 answer text <p>HM Revenue and Customs (HMRC) is not a prosecuting authority. All prosecutions have to be authorised by the relevant independent prosecuting authority, which for England and Wales would be the Crown Prosecution Service; for Scotland, the Crown Office and Procurator Fiscal Service; and for Northern Ireland, the Public Prosecution Service for NI.</p><p> </p><p>HMRC’s record does not differentiate between the forms of fuel fraud it investigates and so they cannot identify Prosecution and Convictions for fuel laundering. Prosecutions and Convictions instigated for oils offences since 2014 were as follows:</p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>Up to September 2016</p></td></tr><tr><td><p>Prosecutions</p></td><td><p>34</p></td><td><p>37</p></td><td><p>0</p></td></tr><tr><td><p>Convictions</p></td><td><p>6</p></td><td><p>23</p></td><td><p>12</p></td></tr></tbody></table><p> </p><p>The figures for prosecutions and convictions in any particular year do not correspond as investigations and prosecutions do not always reach conclusion in the year that they commence.</p> answering member printed Lord Young of Cookham question first answered 26/10/2016 14:16:20 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3801 label Biography information for Lord Browne of Belmont

600525

	registered interest
	date	12/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Consumer Goods: Imports
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what impact they expect the recent fall in the value of sterling to have on imported consumer goods.
	tabling member printed	Lord Kennedy of Southwark
	uin	HL2278
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>Before the referendum on the UK’s membership of the EU, the UK government published short-term and long-term assessments of the likely impact on the UK economy from leaving the EU, including the effects of sterling revaluation. HM Government is monitoring economic developments closely and the independent Office for Budget Responsibility will produce an updated economic forecast alongside Autumn Statement 2016.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 11:09:30 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4153 label Biography information for Lord Kennedy of Southwark

600963

	registered interest
	date	13/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	World War I: Debts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, following the announcement by the Chancellor of the Exchequer in October 2014 that they were planning to pay off some debts from World War One, how much has been paid off to date, and how much is still outstanding.
	tabling member printed	Lord Laird
	uin	HL2303
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Chancellor of the Exchequer announced on 3 December 2014 that the government would adopt a strategy to remove the remaining undated gilts in the government’s debt portfolio, thus repaying all the nation’s First World War debt.</p><p> </p><p>Three of the eight undated gilts that remained in the government’s portfolio in 2014 were issued to fund the First World War: the 4% Consolidated Loan, 3½% War Loan and 3½% Conversion Loan. These were redeemed in 2015, on 1 February, 9 March and 1 April respectively.</p><p> </p><p>Almost 99% of the amount due has been repaid to date. Due to the age of the records relating to undated gilts, the registrar has not been able to contact all holders. However, the government has thus repaid the vast majority of the nation’s First World War debt.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 12:35:02 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2479 label Biography information for Lord Laird

600976

	registered interest
	date	13/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	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 Fair Tax Mark for businesses.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL2316
	answer	answer is ministerial correction date of answer 26/10/2016 answer text <p>The Government has recently legislated for the publication of tax strategy by the largest businesses; promoting board accountability for tax, and encouraging transparency on approach to tax planning. In this context, the Government welcomes all business moves to improve transparency over their own tax affairs.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 26/10/2016 14:16:49 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

603970

	registered interest
	date	17/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Inflation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will explain the basis on which the inflation target for the Bank of England’s Monetary Policy Committee is set; and the circumstances in which that figure would be raised above two per cent.
	tabling member printed	Lord Myners
	uin	HL2366
	answer	answer is ministerial correction date of answer 31/10/2016 answer text <p>A comprehensive Review of the Monetary Policy Framework was published in 2013. The current remit for the Monetary Policy Committee reflects the assessment set out in the 2013 Review, which includes retaining a flexible inflation targeting framework, with a 2 per cent symmetric inflation target. The remit also states that the MPC may allow inflation to deviate from this target temporarily in order not to cause undesirable volatility in output due to the short-term trade-offs involved.</p><p> </p> answering member printed Lord Young of Cookham question first answered 31/10/2016 15:30:20 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners