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1126686

	registered interest
	date	14/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Company Cars: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they plan to announce the benefits in kind rate for company cars for the years after 2021; and what assessment they have made of the impact on car owners of the rates not yet being publicly available.
	tabling member printed	Lord Berkeley
	uin	HL15703
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The government aims to publish emissions-based company car tax rates in advance to help employees and industry plan.</p><p> </p><p>However, as emissions testing changes in 2020, the government is reviewing the impact of the new Worldwide Light vehicle Test Procedure (WLTP) on vehicle taxes. The government will respond shortly to the review.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 16:34:35 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3526 label Biography information for Lord Berkeley

1126719

	registered interest
	date	14/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the proposed independent review of the Financial Conduct Authority's (FCA) supervision of London Capital and Finance will be supported by (1) an independent secretariat, or (2) secondees from the (a) FCA, (b) Prudential Regulation Authority, (c) HM Treasury, or (d) Bank of England.
	tabling member printed	Lord Myners
	uin	HL15736
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>On 23<sup>rd</sup> May, the Economic Secretary to the Treasury laid before Parliament a Direction requiring the Financial Conduct Authority (FCA) to carry out an independent investigation into the events and circumstances surrounding the failure of London Capital and Finance. The operational resourcing of this investigation will be a matter for the FCA and Dame Elizabeth Gloster, the independent investigator it appointed.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 16:38:21 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1127252

	registered interest
	date	16/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Import Duties
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue is raised from tariffs on products not grown or produced in the UK.
	tabling member printed	Lord Lilley
	uin	HL15805
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The total amount received in Customs Duties in 2017-18 was £3.4 billion.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 15:15:54 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	68 label Biography information for Lord Lilley

1127253

	registered interest
	date	16/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Trade with 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 costs to businesses of (1) completing movement certificates, and (2) having those certificates stamped at borders, if the UK is in a customs union with the EU after Brexit.
	tabling member printed	Lord Lilley
	uin	HL15806
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The Government is seeking a new customs arrangement that provides the most frictionless trade possible in goods between the UK and the EU.</p><p> </p><p>The cost to businesses of any information requirements would depend on the precise nature of the arrangement.</p><p> </p> answering member printed Lord Young of Cookham question first answered 23/05/2019 15:16:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	68 label Biography information for Lord Lilley

1127433

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Brexit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what their latest estimate is of the impact on GDP in each year between 2019 and 2033 of leaving the EU without a withdrawal agreement in place.
	tabling member printed	Lord Livermore
	uin	HL15844
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The Government’s analysis on the economic effects of EU exit looks at the long-term impacts. Within their statutory mandates, the Bank of England and the OBR produce short-to-medium term forecasts for the UK economy which will reflect their independent judgements regarding the impact of leaving the EU.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:47:03 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4559 label Biography information for Lord Livermore

1127435

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the impact on UK GDP from (1) leaving the EU's single market, and (2) negotiating a free trade agreement with the United States.
	tabling member printed	Lord Livermore
	uin	HL15846
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The Government has published a detailed set of economic analyses on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances – covering multiple EU exit scenarios. The analysis finds that the spectrum of outcomes for the future UK-EU relationship would deliver significantly higher economic output than the no deal scenario.</p><p> </p><p>In keeping with the government’s ambitious free trade agenda, the analysis assumes that, in the long run, the UK secures agreements with a broad range of potential trading partners, including, but not limited to, the United States, Australia, New Zealand, and other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The analysis estimates that in the long run these trade agreements could increase UK GDP by up to 0.2 percentage points.</p><p> </p><p>The complete analysis can be found in the “EU Exit: Long-Term Economic Analysis” paper, which is available on the Gov.uk website in Exiting the European Union: Publications section.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:47:30 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4559 label Biography information for Lord Livermore

1128022

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets: Regulation
	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 role of (1) the European Securities and Markets Authority, and (2) the Financial Conduct Authority, will have in regulating financial markets after Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15907
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The European Supervisory Authorities - which includes the European Securities and Markets Authority - are a part of the EU’s joint supervisory framework for financial services. The UK’s future position outside of the EU will mean that the UK is no longer part of the joint supervisory framework.</p><p> </p><p>As part of preparations for leaving the EU in any scenario, HM Treasury has delivered a programme of legislation under the EU (Withdrawal) Act designed to ensure that the UK’s regulatory regime is workable. These preparations include transferring certain regulatory and supervisory functions currently carried out by the ESAs to the appropriate UK regulator, including the FCA, where the transfer of those functions is necessary to ensure an operable regulatory regime at exit.</p><p> </p><p>If the UK leaves the EU under the terms of the Withdrawal Agreement reached between the UK and the EU, the UK’s exit preparations would be delayed until the end of the agreed Implementation Period. Market access arrangements would continue and the UK would remain part of the joint supervisory framework, with ESA functions continuing to apply to the UK, until the end of the Implementation Period.</p><p> </p><p>In any exit scenario, we expect UK regulators to continue to work closely with their counterparts in the EU. This is demonstrated in the Political Declaration agreed between the UK and the EU on the future relationship, in which both sides commit to close cooperation on supervisory and regulatory matters.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:50:53 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1128023

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Digital Technology
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps, if any, they are taking to invest in digital technology hubs in the UK banking sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15908
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The government is committed to ensuring the UK is one of the best places in the world to start and grow a digital business. That is why we are unlocking £20bn of finance for innovative firms over the next 10 years, and why we announced £21m to establish Tech Nation and its network of 10 regional hubs, supporting further innovation in financial services.</p><p><br> We also recognise the important role that digital technology hubs, such as Level 39 in Canary Wharf, have played in promoting the adoption of technology in the UK banking sector, and we are engaging with industry to explore how we can further support digital technology hubs in the UK.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:48:57 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1128071

	registered interest
	date	22/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions: Pensioners
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have made an estimate of the revenue which could be raised if the exemption from employee and employer's national insurance contributions for people above pensionable age was removed; and if so, what is that estimate.
	tabling member printed	Lord Forsyth of Drumlean
	uin	HL15920
	answer	answer is ministerial correction date of answer 06/06/2019 answer text <p>The “Estimated costs of principal tax reliefs” publication, sets out an estimate of the cost of the exemption of those over State pension age from paying National Insurance. It is estimated that the cost of this exemption is approximately £1.1bn in 2018-19. The estimates do not allow for any behavioural changes as a result of the reliefs. In practice if a relief was withdrawn, taxpayers’ behaviour would be likely to alter so that the actual yield could be lower than that shown in the tables.</p><p> </p><p>Employers are not currently exempt from paying employer NICs for their employees above the state pension age.</p> answering member printed Lord Young of Cookham question first answered 06/06/2019 12:50:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1141 label Biography information for Lord Forsyth of Drumlean

1128085

	registered interest
	date	22/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Hacking
	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 advice of the government of Sweden to its citizens to keep cash on hand against the possibility of a hacking attack on the banking system; and whether they are considering giving similar advice to UK citizens.
	tabling member printed	Lord Radice
	uin	HL15934
	answer	answer is ministerial correction date of answer 06/06/2019 answer text <p>The Government has not provided similar advice to UK citizens. HM Treasury works closely with the other Financial Authorities, Intelligence Agencies and Law Enforcement to ensure that the system is robust to a wide range of operational risks, including cyber. The Financial Authorities have well-established mechanisms to respond to operational disruption were it to occur.</p> answering member printed Lord Young of Cookham question first answered 06/06/2019 12:47:25 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	510 label Biography information for Lord Radice