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1133783

	registered interest
	date	20/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gambling: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what gambling activities are subject to (1) value-added tax, and (2) gross profits tax; and how much value-added tax was collected from adult gaming centres in England and Wales in (a) 2017, and (b) 2018.
	tabling member printed	Lord Browne of Belmont
	uin	HL16534
	answer	answer is ministerial correction date of answer 03/07/2019 answer text <p>(1) Almost all gambling activities are exempt from value added tax (VAT). However, VAT does apply to prize machines that offer non-cash prizes only. Such machines are not typically located in adult gaming centres.</p><p> </p><p>(2) There are seven Gambling Duties. Of these, six are based broadly on a gross profits tax model. The seventh, Lottery Duty is based on a percentage of the value of ticket sales.</p><p> </p><p>Total receipts from Betting and Gaming are published on the UK Trade Information website. A separate breakdown for value added tax collected from adult gaming centres in England and Wales is not available.</p> answering member printed Lord Young of Cookham question first answered 03/07/2019 12:01:46 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3801 label Biography information for Lord Browne of Belmont

1061363

	registered interest
	date	14/02/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Public Sector: Billing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government who is responsible for auditing the payment performance data published by public authorities as required by sections 113(7) and 113(8) of the Public Service Contracts Regulations 2015; and what processes they use for such audits.
	tabling member printed	Lord Mendelsohn
	uin	HL13743
	answer	answer is ministerial correction date of answer 20/02/2019 answer text <p><del class="ministerial">Details of central government contracts above the value of £10,000 and wider public sector contracts above the value of £25,000 are published on Contracts Finder.</del></p><p> </p><p><ins class="ministerial">Public procurement regulations do not contain requirements for public bodies to include auditing or whistleblowing policies in the operational delivery and management of public contracts.</ins></p><p><ins class="ministerial">Public bodies in scope of these regulations are individually responsible for ensuring the accuracy of their own data prior to publication, and operate their own whistleblowing policies.</ins></p><p><ins class="ministerial">The Government encourages whistleblowers to get independent advice (e.g. from Citizens Advice) to ensure that they are adequately protected.</ins></p><p><ins class="ministerial">Public sector suppliers that have not been paid on time can raise the issue with the Public Procurement Review Service.</ins></p> answering member printed Lord Young of Cookham question first answered 20/02/2019 11:32:53 question first ministerially corrected 21/02/2019 14:27:38 answering member 57 label Biography information for Lord Young of Cookham previous answer version 103260 answering member printed Lord Young of Cookham answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4286 label Biography information for Lord Mendelsohn

1130253

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	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 consequences for depositor protection and financial stability from the number of lenders offering residential property mortgage loans at 95 per cent of value or higher; and what options are open to (1) them, (2) the Bank of England, and (3) the Prudential Regulation Authority, to protect depositors and ensure financial stability.
	tabling member printed	Lord Myners
	uin	HL16114
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC noted in their November 2018 Financial Stability Report that the share of households with high mortgage debt-servicing ratios (DSRs) is close to historical lows. The FPC has powers of direction to place limits on the proportion of new mortgages that a bank can extend at high LTV ratios, if it judges that this is required to mitigate financial stability risks.</em></p><p><em> </em></p><em> </em><p><em>While the Bank therefore has powers to tackle these risks, the Financial Services Compensation Scheme (FSCS), set up by the Government in 2001, also provides a key role in ensuring financial stability and protecting depositors. The FSCS provides deposit protection of up to £85,000 per person, per authorised firm. The Financial Services Markets Act 2000 gives powers to the regulators, including the Prudential Regulation Authority (PRA) to make the rules in which FSCS carries out its compensation function.</em></p><p> </p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:39 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130250

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have reviewed the market liquidity in the subprime sterling bond market in the context of increased bond issuance.
	tabling member printed	Lord Myners
	uin	HL16111
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC set out its most recent assessment of financial stability risks, including from the sterling bond market, in its March 2019 Policy Summary, in which it noted that post-crisis reforms have made dealers, on which some markets rely, more resilient, reducing the probability that market-making losses could lead to their distress or failure. In addition, the FPC noted that during the more recent period of volatility at the end of 2018, pension funds and insurers had acted as net buyers of sterling corporate bonds. Notwithstanding this, new business models mean that liquidity conditions in corporate debt markets could change quickly in event of stress.</em> <em>However, overall the FPC judged that markets had proved able to function effectively through volatile periods, and the strength of the core financial system, including banks, dealers and insurance companies, would support the functioning of markets on which the economy relied.</em></p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:32 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1125515

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of remarks by the chief executive of the Financial Conduct Authority about the impact of a post-Brexit customs union on the UK financial services sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15610
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>A customs union would eliminate tariff and rules of origin barriers on trade in goods only, as they do not concern trade in services.</p><p><strong> </strong></p><p>The Government’s ambition is to preserve the economic benefits of the most important financial services traded between the UK and the EU, and ensure stable institutional processes for governing the relationship in financial services. This is the best way to protect financial stability and open markets, and is in the interests of businesses and consumers on both sides. This ambition is reflected in the Political Declaration agreed by the UK and the EU in November 2018.</p><p> </p><p>We remain committed to preserving our competitive position in financial services after the UK has left the European Union. Our industry continues to innovate and to move with the times – we have world-leading positions in the markets of the future, including green and sustainable finance, FinTech, and renminbi and rupee products.</p> answering member printed Lord Young of Cookham question first answered 21/05/2019 14:01:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1064611

	registered interest
	date	20/02/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Public Procurement Review Service
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Young of Cookham on 5 February (HL13233), whether they will publish the results of spot checks carried out by the Public Procurement Review Service this financial year including (1) how many contracting authorities were compliant with their duty to publish payment performance, (2) how many were non-compliant, (3) what percentage of invoices were paid within 30 days, (4) what was the total interest liability owed for late payment, and (5) what was the total interest liability paid.
	tabling member printed	Lord Mendelsohn
	uin	HL13930
	answer	answer is ministerial correction date of answer 05/03/2019 answer text <p>A summary of the findings from spot checks conducted by the PPRS team will be included in the PPRS Progress Report, which we are committed to publishing on Gov.uk later this year.</p> answering member printed Lord Young of Cookham question first answered 05/03/2019 14:16:02 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4286 label Biography information for Lord Mendelsohn

1131471

	registered interest
	date	11/06/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Government Departments: Public Consultation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many Government consultations there have been in each of the last five years; and to how many of those they published a formal response within 12 weeks of the consultation closing.
	tabling member printed	Lord Mendelsohn
	uin	HL16265
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>All public government consultations are uploaded onto GOV.UK where they can be filtered by many criteria, including date of publication, official document status and department. Granular information on consultations across all individual departments is not centrally held in the form requested, as individual departments are responsible for their consultations. The Cabinet Office is responsible for the Government Consultation Principles, which provide departments with guidance on conducting consultations. That guidance sets out that consultations and any response to them should be published on GOV.UK.</p> answering member printed Lord Young of Cookham question first answered 20/06/2019 11:27:27 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4286 label Biography information for Lord Mendelsohn

1130230

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Married People: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the publication of revised figures on the uptake of the Marriage Allowance by HMRC, whether they have a revised budget for the Marriage Allowance for the 2019/20 financial year; and what the actual expenditure on the Marriage Allowance was in the 2018/19 financial year.
	tabling member printed	Baroness Eaton
	uin	HL16091
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Anyone who applies for Marriage Allowance and meets the criteria will receive it. There is no set budget. The estimated cost to the Exchequer of Marriage Allowance in the 2018/19 financial year is £485 million. The cost will be finalised after 2018/19 Self-Assessment returns are submitted in January 2020.</p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:38:37 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4184 label Biography information for Baroness Eaton

1111068

	registered interest
	date	10/04/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Interserve
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, following the Cabinet Office designation of Interserve as a high risk supplier in June 2018, how that designation was communicated to all Government departments and agencies.
	tabling member printed	Baroness Smith of Gilmorehill
	uin	HL15197
	answer	answer is ministerial correction date of answer 23/04/2019 answer text <p>As stated in the Strategic Supplier Risk Management Policy that applied in June 2018, the Government does not publish whether or not a strategic supplier is designated as high risk. This Policy was withdrawn and replaced with a new approach to the monitoring and management of strategic suppliers through a Memorandum of Understanding (MOU) between the government and each of its strategic suppliers.</p> answering member printed Lord Young of Cookham question first answered 23/04/2019 08:48:56 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3125 label Biography information for Baroness Smith of Gilmorehill

1126332

	registered interest
	date	13/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banking Hubs: Competition
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have, if any, to update competition law to allow for shared banking hubs in areas where local bank branches have been closed.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15692
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>Branch closures can be difficult for the communities affected and the Government pays close attention to this issue. However, the decision to close a branch is a commercial one for a firm, and Government does not intervene in those decisions.</p><p> </p><p>However, the Government is equally clear that as banking providers seek to respond to technological advances and changes in customer behaviour, they must also consider carefully the needs of those who still rely on their local bank branch. Since May 2017, the major high street banks have been signed up to the Access to Banking Standard, which commits them to work with customers and communities to minimise the impact of branch closures and put in place alternative banking services.</p><p> </p><p>The Government also supports the Post Office Banking Framework Agreement which enables 99% of the UK’s personal and 95% of the UK’s small business customers to withdraw money, deposit cash and cheques and check balances at any one of the Post Office’s network of 11,500 branches.</p><p> </p><p> </p><p>While banks do have to comply with competition law, there is no specific regulation that prevents banks from sharing branches or other premises where their strategies align. The Government therefore has no plans to update competition law on this basis. Government does not intervene in these commercial decisions, but will continue to encourage banks to think creatively about how they can ensure that consumers can access a wide range of banking services on a sustainable basis. For example, NatWest, Lloyds Bank and Barclays are trialling shared business banking hubs in 6 locations across the UK in the coming weeks.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:37:43 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick