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1141168
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade more like this
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Trade Promotion more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answer by Viscount Younger of Leckie on 17 July (HL16983), whether the Trade Envoys are answerable to Parliament either (1) directly, (2) via a minister, or (3) not at all. more like this
star this property tabling member printed
Lord Grocott more like this
star this property uin HL17351 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-16more like thismore than 2019-08-16
star this property answer text <p>Trade Envoys comprised of parliamentarians drawn from both Houses are answerable to Parliament via direct line of report to my Rt. Hon. Friend the Secretary of State for International Trade who is accountable for the programme.</p><p> </p><p>Although the Trade Envoy role is not a ministerial appointment and does not carry formal policy responsibility the Trade Envoys are under the same obligation as Ministers to adhere to the relevant departmental restrictions, guidelines and confidentiality clauses.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-16T10:53:28.36Zmore like thismore than 2019-08-16T10:53:28.36Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
276
star this property label Biography information for Lord Grocott more like this
1141167
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade more like this
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Trade Promotion more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answer by Viscount Younger of Leckie on 17 July (HL16983), what are the job descriptions of each Trade Envoy; whether any assessment has been made of their effectiveness in relation to the terms of their appointment; and whether those envoys are accountable to (1) the Prime Minister, (2) the Secretary of State for International Trade, (3) the Foreign Secretary, or (4) another Cabinet minister. more like this
star this property tabling member printed
Lord Grocott more like this
star this property uin HL17350 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-16more like thismore than 2019-08-16
star this property answer text <p>The Terms of Appointment for the Programme provide the framework to which Trade Envoys work to. They outline Trade Envoys’ roles and responsibilities when undertaking Trade Envoy duties, as well as outlining the Department for International Trade commitment to them. Under the Terms of Appointment, they are appointed for the term of a parliament, after which the sitting Prime Minister will decide whether to keep the current cadre in their role.</p><p> </p><p>Trade Envoys regularly help UK business secure export successes, by either lobbying on their behalf, or helping to create the environment for them to succeed.</p><p> </p><p>Trade Envoys are appointed by the Prime Minister and are ultimately accountable to the Prime Minister, though they regularly report specific issues to other Ministers as necessary.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-16T10:53:13.5Zmore like thismore than 2019-08-16T10:53:13.5Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
276
star this property label Biography information for Lord Grocott more like this
1141169
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade more like this
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Trade Promotion more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answer by Viscount Younger of Leckie on 17 July (HL16983), what has been the total cost of the Trade Envoy system since 2012 including staffing support and travel costs. more like this
star this property tabling member printed
Lord Grocott more like this
star this property uin HL17352 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-06more like thismore than 2019-08-06
star this property answer text <p>Since the Programme was launched in November 2012 the cumulative cost of travel and subsistence has been £848,962.</p><p> </p><p>Accurate staffing support figures for the programme are not available as the programme pre-dates the formation of the Department and has changed as the programme has evolved.</p><p> </p><p>For 2018/19 the programme’s staffing costs were approximately £551,000. This is based on the average salary costs for the current staffing level.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-06T14:24:05.167Zmore like thismore than 2019-08-06T14:24:05.167Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
276
star this property label Biography information for Lord Grocott more like this
1140014
unstar this property registered interest false more like this
star this property date less than 2019-07-17more like thismore than 2019-07-17
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade more like this
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Trade Promotion more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answer by Viscount Younger of Leckie (HL16983), whether they will include the list of Trade Envoys and appointment dates in the text of the Written Answer for inclusion in Hansard. more like this
star this property tabling member printed
Lord Grocott more like this
star this property uin HL17249 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-06more like thismore than 2019-08-06
star this property answer text <p>I refer the Noble Lord to the Written Ministerial Statement given by my Rt Hon Friend the Secretary of State for International Trade on 18 July 2019, HCWS1760.</p><p> </p><p><a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statements/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2Clords&amp;uin=HCWS1760" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statements/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2Clords&amp;uin=HCWS1760</a></p><p> </p><p>On the 18 July 2019 my Noble Friend Lord Risby was appointed as the Prime Minister’s Trade Envoy to Lebanon which is in addition to his current role as the Prime Minister’s Trade Envoy to Algeria. Also on the 18 July 2019 the Hon. Member for Dudley North, Ian Austin MP, was appointed as the Prime Minister’s Trade Envoy to Israel. These two new appointments take the total number of Trade Envoys to 27 parliamentarians covering 58 markets.</p><p> </p><p><strong>Full List of Prime Minister’s Trade Envoys, their Markets and date of appointment</strong></p><p><strong> </strong></p><table><tbody><tr><td><p><strong>Trade Envoy Name</strong></p></td><td><p><strong>Designated Markets</strong></p></td><td><p><strong>Date of PM Appointment</strong></p></td></tr><tr><td><p>Lord Risby</p></td><td><p>Algeria</p></td><td><p>November 2012</p></td></tr><tr><td><p> </p></td><td><p>Lebanon</p></td><td><p>July 2019</p></td></tr><tr><td><p>Baroness Morris</p></td><td><p>Jordan, Kuwait, Palestinian Territories</p></td><td><p>November 2012</p></td></tr><tr><td><p>Baroness Bonham Carter</p></td><td><p>Mexico</p></td><td><p>November 2012</p></td></tr><tr><td><p>Richard Graham MP</p></td><td><p>Indonesia</p></td><td><p>November 2012</p></td></tr><tr><td><p> </p></td><td><p>Trade Envoy to the ASEAN Economic Community</p></td><td><p>July 2015</p></td></tr><tr><td><p> </p></td><td><p>Philippines, Malaysia</p></td><td><p>January 2016</p></td></tr><tr><td><p>Baroness Nicholson</p></td><td><p>Iraq</p></td><td><p>January 2014</p></td></tr><tr><td><p> </p></td><td><p>Azerbaijan, Turkmenistan</p></td><td><p>April 2016</p></td></tr><tr><td><p> </p></td><td><p>Kazakhstan</p></td><td><p>July 2017</p></td></tr><tr><td><p>Lord Janvrin</p></td><td><p>Turkey</p></td><td><p>January 2014</p></td></tr><tr><td><p>Mark Prisk MP</p></td><td><p>(Investment Envoy) Nordic and Baltic Region</p></td><td><p>April 2014</p></td></tr><tr><td><p> </p></td><td><p>Brazil</p></td><td><p>March 2016</p></td></tr><tr><td><p>Sir Jeffrey Donaldson MP</p></td><td><p>Egypt</p></td><td><p>November 2015</p></td></tr><tr><td><p>Adam Afriyie MP</p></td><td><p>Ghana</p></td><td><p>January 2016</p></td></tr><tr><td><p> </p></td><td><p>Guinea</p></td><td><p>September 2017</p></td></tr><tr><td><p>Lord Popat</p></td><td><p>Uganda, Rwanda</p></td><td><p>January 2016</p></td></tr><tr><td><p>John Howell MP</p></td><td><p>Nigeria</p></td><td><p>January 2016</p></td></tr><tr><td><p>Rushanara Ali MP</p></td><td><p>Bangladesh</p></td><td><p>March 2016</p></td></tr><tr><td><p>Lord Astor of Hever</p></td><td><p>Oman</p></td><td><p>November 2016</p></td></tr><tr><td><p>Lord Faulkner</p></td><td><p>Taiwan</p></td><td><p>January 2016</p></td></tr><tr><td><p>Lord Lamont</p></td><td><p>Iran</p></td><td><p>January 2016</p></td></tr><tr><td><p>Baroness Northover</p></td><td><p>Angola</p></td><td><p>January 2016</p></td></tr><tr><td><p> </p></td><td><p>Zambia</p></td><td><p>July 2017</p></td></tr><tr><td><p>Paul Scully MP</p></td><td><p>Myanmar, Brunei, Thailand</p></td><td><p>July 2017</p></td></tr><tr><td><p>Jeremy Lefroy MP</p></td><td><p>Ethiopia</p></td><td><p>July 2017</p></td></tr><tr><td><p>Andrew Selous MP</p></td><td><p>South Africa</p></td><td><p>July 2017</p></td></tr><tr><td><p>Mark Pritchard MP</p></td><td><p>Georgia, Armenia</p></td><td><p>September 2017</p></td></tr><tr><td><p>Mark Menzies MP</p></td><td><p>Argentina, Colombia, Peru, Chile</p></td><td><p>September 2017</p></td></tr><tr><td><p>Simon Hart MP</p></td><td><p>Panama, Dominican Republic, Costa Rica</p></td><td><p>September 2017</p></td></tr><tr><td><p>Ed Vaizey MP</p></td><td><p>Vietnam, Laos,Cambodia</p></td><td><p>September 2017</p></td></tr><tr><td><p>Sir Henry Bellingham MP</p></td><td><p>Libya</p></td><td><p>June 2018</p></td></tr><tr><td><p>Pauline Latham MP</p></td><td><p>Kenya</p></td><td><p>August 2018</p></td></tr><tr><td><p>Andrew Rosindell MP</p></td><td><p>Tanzania</p></td><td><p>September 2018</p></td></tr><tr><td><p>Ian Austin MP</p></td><td><p>Israel</p></td><td><p>July 2019</p></td></tr></tbody></table>
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-06T14:22:59.49Zmore like thismore than 2019-08-06T14:22:59.49Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
276
star this property label Biography information for Lord Grocott more like this
1141175
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Lendy more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Financial Conduct Authority's (FCA) letter as part of the Written Answer by Lord Young of Cookham on 24 June (HL16212), whether the FCA was (1) informed, or (2) otherwise aware, that investors via Lendy Limited were creditors to a peer-to-peer platform; and whether such information could have been determined from the accounts of Lendy Limited. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17358 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-05more like thismore than 2019-08-05
star this property answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-05T12:02:13.007Zmore like thismore than 2019-08-05T12:02:13.007Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
star this property label Biography information for Lord Myners more like this
1141174
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Crowdfunding more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they or the Financial Conduct Authority have monitored rates of return projected by peer-to-peer lenders over the last two years; and whether such returns were assessed as to the (1) reasonableness of the projection, and (2) business record and experience of those managing the lending platform. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17357 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-05more like thismore than 2019-08-05
star this property answer text <p>The Government believes that peer-to-peer platforms can deliver innovative forms of finance for both consumers and business that can provide competition in the marketplace and, as such, is keen to see the sector continue to grow and evolve while ensuring that consumers are adequately protected.</p><p> </p><p>The Government continues to monitor the development of the sector and engages regularly with peer-to-peer platforms to understand their business models. We do not directly monitor the rates of return offered.</p><p> </p><p>The Financial Conduct Authority (FCA) is operationally independent from Government. The question as it relates to the FCA has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-05T12:02:48.14Zmore like thismore than 2019-08-05T12:02:48.14Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
star this property label Biography information for Lord Myners more like this
1141173
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading H2O Asset Management more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answers by Lord Young of Cookham on 15 July (HL16842 and HL16843), whether they will now answer the questions put. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17356 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-05more like thismore than 2019-08-05
star this property answer text <p>Investment fund suspensions arise when demand for redemptions exceeds the liquidity in the fund. To service these redemptions, a fund may need to sell assets at a depressed market value, to the detriment of investors, while selling only the liquid assets could result in a fund breaching its investment mandate and possibly FCA rules. The Government recognises that fund suspensions can thereby act to protect the interests of investors in the fund.</p><p> </p><p>The Financial Conduct Authority (FCA) is responsible for the ongoing supervision and regulation of the UK’s financial services sector, including investment funds. The FCA’s detailed rule book ensures that firms treat their customer fairly, and its robust supervision and enforcement powers mean it can, and does, take action where a firm breaches the rules. Whether or not there has been any breach of regulatory requirements relating to UK funds and any possible investigation would be a matter for the FCA.</p><p> </p><p>In circumstances where an investment fund is domiciled outside of the UK, the supervision of its compliance with applicable rules, such as the UCITS Directive, is a matter for the home state regulator.</p><p> </p><p>If individuals have concerns about their investments, they should speak to their advisor or platform. If individuals have purchased units in a fund directly, they should speak with the relevant firm.</p>
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-08-05T12:01:44.223Zmore like thismore than 2019-08-05T12:01:44.223Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
star this property label Biography information for Lord Myners more like this
1141192
unstar this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2019-07-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Infrastructure more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to implement a national infrastructure strategy to increase business growth after Brexit. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL17375 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thismore than 2019-07-23
star this property answer text <p>High quality infrastructure is crucial for supporting business growth.</p><p> </p><p>The Government established the National Infrastructure Commission (NIC) in 2015 to provide impartial, expert advice on major long-term infrastructure challenges.</p><p> </p><p>The NIC published their first National Infrastructure Assessment (NIA) last year, setting out their assessment of the UK’s long-term infrastructure needs.</p><p> </p><p>The NIA made over 60 recommendations, and the Government is planning to respond in full to all of the recommendations through a National Infrastructure Strategy, to be published later this year.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-23T16:29:08.073Zmore like thismore than 2019-07-23T16:29:08.073Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1796
star this property label Biography information for Lord Taylor of Warwick more like this
1140491
unstar this property registered interest false more like this
star this property date less than 2019-07-18more like thismore than 2019-07-18
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Financial Services more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have ever formally reviewed the case for the UK establishing its own requirements for liquidity standards for Undertakings for the Collective Investment in Transferable Securities at higher levels than specified by EU Directives; or whether the UK is currently bound by EU rules and cannot introduce higher standards. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17324 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thismore than 2019-07-23
star this property answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-23T11:17:13.213Zmore like thismore than 2019-07-23T11:17:13.213Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
star this property label Biography information for Lord Myners more like this
1140479
unstar this property registered interest false more like this
star this property date less than 2019-07-18more like thismore than 2019-07-18
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading LIBOR more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the preparedness of the financial services industry to solve the issue of LIBOR-linked loan contracts before 2021. more like this
star this property tabling member printed
Baroness Kramer more like this
star this property uin HL17312 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thismore than 2019-07-23
star this property answer text <p>The Government is supporting a market – led transition away from LIBOR by end-2021.</p><p> </p><p>UK financial services regulators have said that they will be expecting banks to show that they have eliminated dependency on LIBOR in their lending businesses, have suitable plans to move to non-LIBOR products in new lending well before end-2021, and to explain changes to affected customers.</p><p> </p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-23T16:25:45.653Zmore like thismore than 2019-07-23T16:25:45.653Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1557
star this property label Biography information for Baroness Kramer more like this