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1135702

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets: Libya
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue has been raised from frozen Libyan assets in London in each of the last five years for which figures are available.
	tabling member printed	Lord Empey
	uin	HL16795
	answer	answer is ministerial correction date of answer 15/07/2019 answer text The Government’s response of 24 June to the Northern Ireland Affairs Committee report (into Government support for UK victims of IRA attacks that used Qadhafi-supplied Semtex and weapons) set out the information the Government had obtained about tax receipts on frozen Libyan assets held in UK banks. The response states: “Around £17 million has been received in total since the start of the 2016-17 tax year. HMRC currently receives around £5 million each year.” answering member printed Lord Young of Cookham question first answered 15/07/2019 14:36:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4216 label Biography information for Lord Empey

1135749

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	H2O Asset Management
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to conduct, or commission, an investigation into the management of investment portfolios by H2O Asset Management with particular reference to (1) the valuation of unlisted investments, and (2) the accuracy and completeness of statements by that firm’s management of the "gating" of future redemptions.
	tabling member printed	Lord Myners
	uin	HL16842
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>There is no requirement for asset management firms to discuss their specific investment strategies with either HM Treasury or the FCA.</p><p> </p><p>The overarching regulatory framework for UK UCITS funds comprises EU and UK legislation and Financial Conduct Authority (FCA) rules.</p><p> </p><p>The FCA is responsible for the supervision of UK funds including UCITS, and have a broad suite of supervisory and investigative powers. For example, the FCA is required to approve the investment objective and policy of UK domiciled funds, as well as statements in the prospectus about the application of investment limits, and firms are required to treat customers fairly.</p><p> </p><p>In circumstances where a UCITS fund is domiciled outside of the UK, the supervision of its compliance with applicable UCITS investment restrictions 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> answering member printed Lord Young of Cookham grouped question UIN HL16843 question first answered 15/07/2019 14:03:24 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1135750

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	H2O Asset Management
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether H20 Asset Management consulted (1) them, or (2) the Financial Conduct Authority, before that company indicated that it would never "gate" redemptions for its funds; what assessment they have made of the accuracy of that statement; and whether H2O Asset Management has been required to back that statement up with a guarantee or credit line.
	tabling member printed	Lord Myners
	uin	HL16843
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>There is no requirement for asset management firms to discuss their specific investment strategies with either HM Treasury or the FCA.</p><p> </p><p>The overarching regulatory framework for UK UCITS funds comprises EU and UK legislation and Financial Conduct Authority (FCA) rules.</p><p> </p><p>The FCA is responsible for the supervision of UK funds including UCITS, and have a broad suite of supervisory and investigative powers. For example, the FCA is required to approve the investment objective and policy of UK domiciled funds, as well as statements in the prospectus about the application of investment limits, and firms are required to treat customers fairly.</p><p> </p><p>In circumstances where a UCITS fund is domiciled outside of the UK, the supervision of its compliance with applicable UCITS investment restrictions 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> answering member printed Lord Young of Cookham grouped question UIN HL16842 question first answered 15/07/2019 14:03:24 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1137959

	registered interest
	date	09/07/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Whitehall History Publishing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether Whitehall History Publishing still exists; if so, (1) what is its role, and (2) how is it managed and by whom; and if not, who is responsible for the publication of material it previously produced.
	tabling member printed	Lord Rodgers of Quarry Bank
	uin	HL17058
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Whitehall History Publishing, comprised of several historical branches of government departments and led by the Cabinet Office, produces material on historical matters and themes to meet individual departmental requirements. The next publication is due out in autumn 2019.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:55:07 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	940 label Biography information for Lord Rodgers of Quarry Bank

1135700

	registered interest
	date	01/07/2019
	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 how many people claimed the Marriage Allowance in the 2018–19 financial year; and what steps they are taking to increase the uptake of that allowance.
	tabling member printed	Baroness Eaton
	uin	HL16793
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships through the tax system, and support those on low incomes by helping them keep more of the money they earn. There were 1.78m claimants for the Marriage Allowance in 2018-19.</p><p> </p><p>The Government has taken significant steps to encourage people to claim for the Marriage Allowance. HM Revenue and Customs ran a series of both free and paid-for marketing campaigns, which ran between October 2015 and March 2017, and continue to raise awareness through ongoing communication on social media and on GOV.UK. Marriage Allowance can be claimed through the Personal Tax Account on GOV.UK or by phone to HMRC. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:37:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4184 label Biography information for Baroness Eaton

1135701

	registered interest
	date	01/07/2019
	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 what assessment they have made of the effectiveness of the Marriage Allowance; and what plans they have to review that allowance.
	tabling member printed	Baroness Eaton
	uin	HL16794
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships in the tax system, and support those on low incomes by helping them keep more of the money they earn.</p><p> </p><p>The Marriage Allowance is effective as it gives extra financial support to those couples eligible for it. In 2018/19, 1.78m couples benefitted from the Marriage Allowance which is worth up to £250 a year. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.</p><p> </p><p>As with all aspects of Government policy, the Marriage Allowance will be kept under review and any decisions on future changes will be taken as part of the annual Budget process in the context of the wider public finances.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:38:24 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4184 label Biography information for Baroness Eaton

1137960

	registered interest
	date	09/07/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	History: Publications
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they last reviewed the possible resumption of producing official histories.
	tabling member printed	Lord Rodgers of Quarry Bank
	uin	HL17059
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Government’s official history series is intended to provide authoritative histories in their own right.</p><p>Two volumes of Criminal Justice history were published earlier this year. The next publication is due out in autumn 2019.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:55:25 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	940 label Biography information for Lord Rodgers of Quarry Bank

1136761

	registered interest
	date	03/07/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Government Departments: Bain and Company
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what consideration, if any, they have given to the probity and quality of Bain & Company's consultancy work for the South African Revenue Service in regard to any work by that consultancy for government departments.
	tabling member printed	Lord Hain
	uin	HL16911
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Government is aware of this situation and is monitoring it. Assessments on the probity and quality of work on individual UK Government contracts are undertaken on a department by department basis.</p><p>A UK Government department seeking bids for contracts covered by the Public Contracts Regulations would need to follow the rules on exclusions as defined within Regulation 57.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:54:50 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	567 label Biography information for Lord Hain

1135748

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Facebook: Cryptocurrencies
	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 implications of Facebook’s proposed Libra cryptocurrency on the management of monetary and financial stability mechanisms and policies.
	tabling member printed	Lord Myners
	uin	HL16841
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>The Government does not comment on details of the proposed business models of individual companies. However, this proposal raises wider questions for policy and financial regulation. The Government is working with the Bank of England, the Financial Conduct Authority and international counterparts to consider these issues.</p><p> </p><p>More broadly, the Government established the Cryptoassets Taskforce – comprised of HM Treasury, the Financial Conduct Authority and the Bank of England - to explore the risks and potential benefits of cryptoassets and consider the appropriate response. The Taskforce’s response set out commitments to further consider the regulatory approach to cryptoassets. The Government will consult on its approach to unregulated cryptoassets later this year.</p><p> </p><p>The Taskforce’s final report, found that cryptoassets do not currently pose a material threat to UK or global financial stability, however this could change in the future, and the Bank of England’s Financial Policy Committee will continue to monitor the situation.</p> answering member printed Lord Young of Cookham question first answered 15/07/2019 14:04:14 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1136759

	registered interest
	date	03/07/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Government Departments: Bain and Company
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many consultancy contracts they have with Bain & Company, broken down by each government department.
	tabling member printed	Lord Hain
	uin	HL16909
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>In order to enable government departments to quickly secure resource for critical work on preparations and implementation of EU exit at pace, the Cabinet Office have put in place a set of contracts for all government departments to access. This includes a contract with Bain and Co. The contracts have been published on contracts finder and spend under this arrangement is published monthly on GOV.UK titled ‘Central EU Exit Consultancy’.</p> answering member printed Lord Young of Cookham grouped question UIN HL16910 question first answered 15/07/2019 14:53:31 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	567 label Biography information for Lord Hain