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93430
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Public Sector: Pensions 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 estimate they have made of how many individuals in defined contribution funded public sector pension schemes will withdraw their entire accrued entitlements under the new Freedom and Choice for Pensioner arrangements in the first year from April 2015, and at what cost. more like this
star this property tabling member printed
Lord Laird more like this
star this property uin HL2096 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>The government believes that people should be free to make their own</p><p> </p><p>choice about how to use their savings - individuals who have worked hard and saved responsibly throughout their adult life should have a choice about their pension savings and the reforms announced at Budget 2014 will deliver this.</p><p> </p><p> </p><p> </p><p>The new tax framework, which will allow, from April 2015, individuals with a defined contribution pension to access their entire pension flexibly will apply equally across trust and contract based money purchase pension schemes. In the public sector, members of defined contribution schemes will also have access to these flexibilities, including members with savings in Additional Voluntary Contribution (AVC) arrangements.</p><p> </p><p> </p><p> </p><p>The Government’s assessment of the impact of the policy is set out in detail in the Budget costing note and the Tax Information and Impact Note, published alongside the Taxation of Pensions Bill.</p><p> </p><p> </p><p> </p><p>The government wants to extend the principles of freedom and choice to as many pension savers as possible which is why, following an extensive public consultation, it was decided to permit transfers out of private sector and funded public sector defined benefit schemes to continue. Giving scheme members the choice to transfer their accrued benefits into a defined contribution scheme, in order to access their pension pot flexibly if they wish to.</p><p> </p><p> </p><p>To ensure due consideration is given to the interests of scheme members, scheme funds and the taxpayer in the continuation of these transfers for the public service schemes, government set out in the response to the consultation, <em>Freedom and Choice in Pensions,</em> that it would look to implement, where appropriate, safeguards akin to those which already exist in the private sector. We are continuing to discuss these options and others, including with the Department for Local Government as the department responsible for the Local Government Pension Scheme, the largest of the funded public service pension schemes, and will set out further detail on this issue in due course.</p>
star this property answering member printed Lord Deighton more like this
star this property grouped question UIN
HL2097 more like this
HL2098 more like this
HL2099 more like this
star this property question first answered
less than 2014-10-29T15:20:53.4326554Zmore like thismore than 2014-10-29T15:20:53.4326554Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2479
unstar this property label Biography information for Lord Laird more like this
93431
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Public Sector: Pensions 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 consider that delaying transfer payments and reducing transfer values are sufficient safeguards to stabilise public sector funded pension schemes threatened by large-scale withdrawals under the new Freedom and Choice for Pensioners arrangements. more like this
star this property tabling member printed
Lord Laird more like this
star this property uin HL2097 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>The government believes that people should be free to make their own</p><p> </p><p>choice about how to use their savings - individuals who have worked hard and saved responsibly throughout their adult life should have a choice about their pension savings and the reforms announced at Budget 2014 will deliver this.</p><p> </p><p> </p><p> </p><p>The new tax framework, which will allow, from April 2015, individuals with a defined contribution pension to access their entire pension flexibly will apply equally across trust and contract based money purchase pension schemes. In the public sector, members of defined contribution schemes will also have access to these flexibilities, including members with savings in Additional Voluntary Contribution (AVC) arrangements.</p><p> </p><p> </p><p> </p><p>The Government’s assessment of the impact of the policy is set out in detail in the Budget costing note and the Tax Information and Impact Note, published alongside the Taxation of Pensions Bill.</p><p> </p><p> </p><p> </p><p>The government wants to extend the principles of freedom and choice to as many pension savers as possible which is why, following an extensive public consultation, it was decided to permit transfers out of private sector and funded public sector defined benefit schemes to continue. Giving scheme members the choice to transfer their accrued benefits into a defined contribution scheme, in order to access their pension pot flexibly if they wish to.</p><p> </p><p> </p><p>To ensure due consideration is given to the interests of scheme members, scheme funds and the taxpayer in the continuation of these transfers for the public service schemes, government set out in the response to the consultation, <em>Freedom and Choice in Pensions,</em> that it would look to implement, where appropriate, safeguards akin to those which already exist in the private sector. We are continuing to discuss these options and others, including with the Department for Local Government as the department responsible for the Local Government Pension Scheme, the largest of the funded public service pension schemes, and will set out further detail on this issue in due course.</p>
star this property answering member printed Lord Deighton more like this
star this property grouped question UIN
HL2096 more like this
HL2098 more like this
HL2099 more like this
star this property question first answered
less than 2014-10-29T15:20:53.9247195Zmore like thismore than 2014-10-29T15:20:53.9247195Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2479
unstar this property label Biography information for Lord Laird more like this
93432
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Public Sector: Pensions 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, under their proposed entire pension withdrawal arrangements, they will include in the legislation a power to suspend the concession for such schemes in the event of serious destabilisation of funded public service pension schemes or extreme cost to the Exchequer. more like this
star this property tabling member printed
Lord Laird more like this
star this property uin HL2098 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>The government believes that people should be free to make their own</p><p> </p><p>choice about how to use their savings - individuals who have worked hard and saved responsibly throughout their adult life should have a choice about their pension savings and the reforms announced at Budget 2014 will deliver this.</p><p> </p><p> </p><p> </p><p>The new tax framework, which will allow, from April 2015, individuals with a defined contribution pension to access their entire pension flexibly will apply equally across trust and contract based money purchase pension schemes. In the public sector, members of defined contribution schemes will also have access to these flexibilities, including members with savings in Additional Voluntary Contribution (AVC) arrangements.</p><p> </p><p> </p><p> </p><p>The Government’s assessment of the impact of the policy is set out in detail in the Budget costing note and the Tax Information and Impact Note, published alongside the Taxation of Pensions Bill.</p><p> </p><p> </p><p> </p><p>The government wants to extend the principles of freedom and choice to as many pension savers as possible which is why, following an extensive public consultation, it was decided to permit transfers out of private sector and funded public sector defined benefit schemes to continue. Giving scheme members the choice to transfer their accrued benefits into a defined contribution scheme, in order to access their pension pot flexibly if they wish to.</p><p> </p><p> </p><p>To ensure due consideration is given to the interests of scheme members, scheme funds and the taxpayer in the continuation of these transfers for the public service schemes, government set out in the response to the consultation, <em>Freedom and Choice in Pensions,</em> that it would look to implement, where appropriate, safeguards akin to those which already exist in the private sector. We are continuing to discuss these options and others, including with the Department for Local Government as the department responsible for the Local Government Pension Scheme, the largest of the funded public service pension schemes, and will set out further detail on this issue in due course.</p>
star this property answering member printed Lord Deighton more like this
star this property grouped question UIN
HL2096 more like this
HL2097 more like this
HL2099 more like this
star this property question first answered
less than 2014-10-29T15:20:54.0028001Zmore like thismore than 2014-10-29T15:20:54.0028001Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2479
unstar this property label Biography information for Lord Laird more like this
93433
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Public Sector: Pensions 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 is the key difference between trust-based and contract-based public sector defined contribution schemes in relation to the proposed pension withdrawal arrangements; and what was the result of their consultation with the Local Government Pension Scheme on extra safeguards for such trust-based schemes. more like this
star this property tabling member printed
Lord Laird more like this
star this property uin HL2099 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>The government believes that people should be free to make their own</p><p> </p><p>choice about how to use their savings - individuals who have worked hard and saved responsibly throughout their adult life should have a choice about their pension savings and the reforms announced at Budget 2014 will deliver this.</p><p> </p><p> </p><p> </p><p>The new tax framework, which will allow, from April 2015, individuals with a defined contribution pension to access their entire pension flexibly will apply equally across trust and contract based money purchase pension schemes. In the public sector, members of defined contribution schemes will also have access to these flexibilities, including members with savings in Additional Voluntary Contribution (AVC) arrangements.</p><p> </p><p> </p><p> </p><p>The Government’s assessment of the impact of the policy is set out in detail in the Budget costing note and the Tax Information and Impact Note, published alongside the Taxation of Pensions Bill.</p><p> </p><p> </p><p> </p><p>The government wants to extend the principles of freedom and choice to as many pension savers as possible which is why, following an extensive public consultation, it was decided to permit transfers out of private sector and funded public sector defined benefit schemes to continue. Giving scheme members the choice to transfer their accrued benefits into a defined contribution scheme, in order to access their pension pot flexibly if they wish to.</p><p> </p><p> </p><p>To ensure due consideration is given to the interests of scheme members, scheme funds and the taxpayer in the continuation of these transfers for the public service schemes, government set out in the response to the consultation, <em>Freedom and Choice in Pensions,</em> that it would look to implement, where appropriate, safeguards akin to those which already exist in the private sector. We are continuing to discuss these options and others, including with the Department for Local Government as the department responsible for the Local Government Pension Scheme, the largest of the funded public service pension schemes, and will set out further detail on this issue in due course.</p>
star this property answering member printed Lord Deighton more like this
star this property grouped question UIN
HL2096 more like this
HL2097 more like this
HL2098 more like this
star this property question first answered
less than 2014-10-29T15:20:54.0965935Zmore like thismore than 2014-10-29T15:20:54.0965935Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2479
unstar this property label Biography information for Lord Laird more like this
93434
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Pensions: Northern Ireland 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 and how the new Freedom and Choice for Pensioners arrangements will apply to Northern Ireland; and whether they have discussed the matter of a legislative consent motion with the Northern Ireland Executive. more like this
star this property tabling member printed
Lord Laird more like this
star this property uin HL2100 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>The tax changes necessary to deliver the Freedom and Choice in Pensions agenda are contained in the Taxation of Pensions Bill. The provisions in this Bill will apply across the UK as the relevant tax legislation is not, in the main, a matter over which powers have been devolved.<sup>[</sup><sup>1]</sup> The Pension Schemes Bill is being used to introduce further changes relevant to the Freedom and Choice agenda. Where these do relate to devolved matters in Northern Ireland, the Government is in the process of obtaining the necessary legislative consent motion and approval from the Northern Ireland Assembly.</p><p> </p><p> </p><p>[1] Explanatory notes for the Taxation of Pensions Bill were published on the Parliament Website. Territorial extent is detailed in paragraph 52 http://www.publications.parliament.uk/pa/bills/cbill/2014-2015/0097/en/15097en.htm</p><p> </p><p> </p><p> </p><p> </p> more like this
star this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-10-29T15:21:46.8315879Zmore like thismore than 2014-10-29T15:21:46.8315879Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2479
unstar this property label Biography information for Lord Laird more like this
93704
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2014-10-15
star this property answering body
HM 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 remove filter
star this property hansard heading North Sea Oil 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 is the total revenue they have received from the extraction and exploration of North Sea oil. more like this
star this property tabling member printed
Lord Hodgson of Astley Abbotts more like this
star this property uin HL2133 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 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>Government revenues from UK oil and gas production for all years to 2013-14 are published by HM Revenue &amp; Customs (HMRC) as National Statistics on the GOV.UK website[1]. Total revenues can be found in Table 11.11 from the <em>Statistics of Government revenues from UK oil and gas production</em> publication[2].</p><p> </p><p> </p><p> </p><p>The values in Table 11.11 are detailed in current prices, so for previous years they do not reflect the value of total revenue today. The total revenue received from the extraction and exploration of North Sea oil is £187.8 billion in current prices.</p><p> </p><p> </p><p>[1] https://www.gov.uk/government/collections/petroleum-revenue-tax-prt-and-government-revenues-from-uk-oil-and-gas-production</p><p>[2] <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306225/140424_Table_11_11.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306225/140424_Table_11_11.pdf</a></p><p> </p>
star this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-10-29T15:24:02.7416658Zmore like thismore than 2014-10-29T15:24:02.7416658Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property attachment
1
star this property file name t11.11 gov revenue.docx more like this
star this property title Government revenues from oil and gas production more like this
unstar this property tabling member
1651
unstar this property label Biography information for Lord Hodgson of Astley Abbotts more like this
93478
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2014-10-15
star this property answering body
HM 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 remove filter
star this property hansard heading Construction: Industry more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps he plans to take to help businesses in the construction sector outside London. more like this
star this property tabling member constituency South Antrim more like this
star this property tabling member printed
Dr William McCrea more like this
star this property uin 210830 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 2014-10-23more like thismore than 2014-10-23
star this property answer text <p>I am replying on the behalf of the Department for Business, Innovation and Skills. The Government is actively working to help all construction firms including those outside London. We are working with the industry to remove barriers to growth by improving the planning system and access to finance, and easing the burden of regulation.</p><p> </p><p> </p><p> </p><p>On the demand side, we are stimulating the house building industry - in Autumn Statement 2013 my Rt Hon Friend the Chancellor of the Exchequer announced a £1bn extension of the Local Infrastructure Fund for large scale housing sites, to unlock around 250,000 homes over 6 years. We are also stimulating infrastructure development. The National Infrastructure Plan (NIP) sets a strategic vision for forthcoming infrastructure needs. It has identified a pipeline of over 500 projects costing around £250bn to 2015 and beyond.</p><p> </p><p> </p><p> </p><p>On the supply side, we are working closely with the Construction Leadership Council to ensure that the industry is well placed to respond to growing markets, tackling issues such as skills, innovation, sustainability, productivity, efficiency and export performance.</p><p> </p>
star this property answering member constituency Grantham and Stamford more like this
star this property answering member printed Nick Boles more like this
star this property question first answered
less than 2014-10-23T15:11:11.1434232Zmore like thismore than 2014-10-23T15:11:11.1434232Z
star this property answering member
3995
star this property label Biography information for Nick Boles more like this
unstar this property tabling member
655
unstar this property label Biography information for Lord McCrea of Magherafelt and Cookstown more like this
93468
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2014-10-15
star this property answering body
HM 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 remove filter
star this property hansard heading Economic Policy: Northern Ireland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Northern Ireland Executive regarding his long-term economic plan. more like this
star this property tabling member constituency South Antrim more like this
star this property tabling member printed
Dr William McCrea more like this
star this property uin 210815 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 2014-10-22more like thismore than 2014-10-22
star this property answer text <p>Treasury Ministers and officials have regular discussions with Northern Ireland Executive Ministers and officials on a wide variety of topics.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency Inverness, Nairn, Badenoch and Strathspey more like this
star this property answering member printed Danny Alexander more like this
star this property question first answered
less than 2014-10-22T15:46:06.6878583Zmore like thismore than 2014-10-22T15:46:06.6878583Z
star this property answering member
1535
star this property label Biography information for Danny Alexander more like this
unstar this property tabling member
655
unstar this property label Biography information for Lord McCrea of Magherafelt and Cookstown more like this
92918
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM 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 remove filter
star this property hansard heading Russia more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of sanctions against the Russian Federation on the UK economy; and if he will make a statement. more like this
star this property tabling member constituency Brighton, Kemptown more like this
star this property tabling member printed
Simon Kirby more like this
star this property uin 210105 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 2014-10-21more like thismore than 2014-10-21
star this property answer text <p>The sanctions have been designed to have the maximum impact on the actions of the Russian leadership while minimising the impact on the UK and EU. There will be a cost to the EU's economy, but there is a greater cost involved in not standing up to Russia's aggression. The Government has been clear that any pain as a result of economic sanctions should be shared equally across the EU.</p><p> </p><p>Due to the recent nature of the implementation of the sanctions Treasury officials are still in the process of analysing the initial data; it is a work in progress and not yet ready for public use.</p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-10-21T09:10:18.2048832Zmore like thismore than 2014-10-21T09:10:18.2048832Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
unstar this property tabling member
3929
unstar this property label Biography information for Simon Kirby more like this
93095
star this property registered interest false more like this
star this property date less than 2014-10-14more like thismore than 2014-10-14
star this property answering body
HM 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 remove filter
star this property hansard heading Repossession Orders more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what his Department's policy is on the introduction of restrictions on the ability of banks and other mortgage lenders to repossess a home where that would make a family homeless. more like this
star this property tabling member constituency Hemsworth more like this
star this property tabling member printed
Jon Trickett more like this
star this property uin 210330 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 2014-10-20more like thismore than 2014-10-20
star this property answer text <p>The Government has put a number of protections in place to limit repossessions.</p><p> </p><p> </p><p> </p><p>It established the independent Financial Conduct Authority (FCA) and gave them the responsibility to put in place robust protections to ensure fair treatment of borrowers facing payment difficulties. The Department for Work and Pensions also provides help for pensioners and those out of work to meet their mortgage payments through Support for Mortgage Interest. In addition, all borrowers can seek protection in the Courts using the Mortgage Pre-Action Protocol, which makes it clear that repossession must always be the last resort for lenders.</p><p> </p><p> </p><p> </p><p>However, a well-functioning mortgage market will always need to keep the possibility of repossession open as a last resort. Without this option, lenders have no reliable security against which to lend and the likely consequence would be higher mortgage rates.</p><p> </p><p> </p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-10-20T10:43:10.3051834Zmore like thismore than 2014-10-20T10:43:10.3051834Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
unstar this property tabling member
410
unstar this property label Biography information for Jon Trickett more like this