Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered question first ministerially corrected answering member label attachment file name title previous answer version answering member printed answering member label
tabling member	label

Search

818588

	registered interest
	date	08/01/2018
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what progress they have made in enabling the National Fund charity to make appropriate donations; and whether they intend to apply to the courts for a scheme allowing the Fund to be used for its original purpose.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL4465
	answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>The National Fund was created in 1928 with an initial anonymous donation of £500,000 with the aim of eventually extinguishing the national debt. It has accumulated significant funds through further donations and income over the years, as set out in the <strong><ins class="ministerial">attached </ins></strong>chart <del class="ministerial">below</del>. It is currently estimated to be worth over £460 million.</p><p>The terms of the deed of Trust for the National Fund are such that the Trustees are required to accumulate the net income and profits of the trust fund until the value of the fund along with its accumulated income, when added to the value of any other funds applicable for the same purpose, is sufficient to discharge the entirety of the National Debt. Given the terms of the trust, the money is currently ‘locked’ in the fund.</p><p>The Attorney General’s Office is working with the Charity Commission and the Fund’s trustees to help resolve this legally complicated matter.</p><p> </p><p> </p> answering member printed Lord Keen of Elie question first answered 22/01/2018 14:42:46 question first ministerially corrected 16/05/2018 10:48:18 answering member 4538 label Biography information for Lord Keen of Elie attachment 1 file name Chart 2.pdf title Chart previous answer version 35717 answering member printed Lord Keen of Elie answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

425595

	registered interest
	date	03/11/2015
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, pursuant to the Answer of 17 September 2015 to Question 10237, when he expects to publish proposals for the future of the National Debt Fund.
	tabling member constituency	Ruislip, Northwood and Pinner
	tabling member printed	Mr Nick Hurd
	uin	14565
	answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>I refer my Hon. Friend to my Answer of 17 September 2015. Work is on-going on the possible application to the court for directions on the future of the National Fund, consistent with its object of extinguishing or reducing the national debt. I am also continuing to consider other options. I will update my Hon. Friend as soon as I can.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright question first answered 10/11/2015 12:18:01 answering member 1560 label Biography information for Sir Jeremy Wright
	tabling member	1561 label Biography information for Mr Nick Hurd

418622

	registered interest
	date	14/09/2015
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, what progress he has made on discussions about the future of the National Debt Fund charity; and what steps he is taking to secure legal approval to change the charitable objects of that charity and remove the requirement on it to pay off the whole national debt.
	tabling member constituency	Ruislip, Northwood and Pinner
	tabling member printed	Mr Nick Hurd
	uin	10207
	answer	answer is ministerial correction date of answer 17/09/2015 answer text <p>Options are being considered for the future of the Fund, consistent with its object of extinguishing or reducing the national debt. A proposal will be set out in due course.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright grouped question UIN 10237 question first answered 17/09/2015 15:53:51 answering member 1560 label Biography information for Sir Jeremy Wright
	tabling member	1561 label Biography information for Mr Nick Hurd

418842

	registered interest
	date	15/09/2015
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, whether it is his policy to facilitate the transfer of funds of the National Debt Fund Charity to the Treasury in a manner that is consistent with the charitable objectives of the National Debt Fund.
	tabling member constituency	Ruislip, Northwood and Pinner
	tabling member printed	Mr Nick Hurd
	uin	10237
	answer	answer is ministerial correction date of answer 17/09/2015 answer text <p>Options are being considered for the future of the Fund, consistent with its object of extinguishing or reducing the national debt. A proposal will be set out in due course.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright grouped question UIN 10207 question first answered 17/09/2015 15:53:51 answering member 1560 label Biography information for Sir Jeremy Wright
	tabling member	1561 label Biography information for Mr Nick Hurd

168561

	registered interest
	date	08/12/2014
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, what his policy is on the future of the National Fund; whether he has considered the early application of the Fund to reduce the national debt; what other options for the future of the Fund he has considered and (a) dismissed and (b) kept under consideration; and what donations have been made to the Fund in each of the last 30 years.
	tabling member constituency	Lewes
	tabling member printed	Norman Baker
	uin	217758
	answer	answer is ministerial correction date of answer 11/12/2014 answer text <p>There has been correspondence between the Charity Commission, the trustees and the Attorney General’s Office over the National Fund.</p><p>The Fund is operated in accordance with its rules and section 9 of the Superannuation and Other Trust Funds (Validation) Act 1927. It is accumulating as the original donors intended.</p><p>Options are being considered for the future of the Fund, consistent with its object of extinguishing or reducing the national debt. These include a possible application to the court for directions. The consideration of these options includes looking at the history of donations to the Fund. Whilst this work is on-going, it would not be appropriate to comment further.</p> answering member constituency South Swindon answering member printed Mr Robert Buckland question first answered 11/12/2014 16:01:37 answering member 4106 label Biography information for Sir Robert Buckland
	tabling member	28 label Biography information for Norman Baker