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753278

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government how many convictions there were of persons charged with smuggling offences along the border between Northern Ireland and the Republic of Ireland for the last two years for which figures are available.
	tabling member printed	Lord Empey
	uin	HL966
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>HM Revenue &amp; Customs (HMRC) records statistics for smuggling offences does not have that level of detail required to answer. Therefore without referencing individual cases it is not possible to identify which ones involved smuggling.</p><p> </p> answering member printed Lord Bates question first answered 28/07/2017 12:36:54 answering member 1091 label Biography information for Lord Bates
	tabling member	4216 label Biography information for Lord Empey

753955

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government how much the Republic of Ireland owes the UK relating to the £338 million loan provided following the financial crisis; and what are the arrangements for repayment.
	tabling member printed	Lord Laird
	uin	HL1102
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>I refer the noble Lord to the most recent statutory report which the Treasury provided to Parliament as required by Section 2 of the Loans to Ireland Act 2010. The last report was laid in Parliament on 18 April 2017 and is available in the Printed Paper Office.</p><p> </p><p>The timetable for repayment set out in this report remains unchanged.</p> answering member printed Lord Bates question first answered 28/07/2017 12:52:24 answering member 1091 label Biography information for Lord Bates
	tabling member	2479 label Biography information for Lord Laird

753273

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what assessment they have made of the costs and benefits of agreeing (1) an enhanced equivalence regulation, and (2) a UK–EU bilateral equivalence agreement, as a means of continuing UK–EU collaboration on financial services laws and regulations post-Brexit.
	tabling member printed	Baroness Deech
	uin	HL961
	answer	answer is ministerial correction date of answer 01/08/2017 answer text <p>The government is committed to leaving the EU in a way that underpins prosperity and avoids unnecessary disruption and dangerous cliff edges for businesses. Ensuring there is regulatory coherence between the UK and EU is key to achieving this. Our ambition is for a new EU-UK relationship where there is a strong shared commitment to regulatory coherence. The details of this new relationship are a matter for the negotiations.</p> answering member printed Lord Bates question first answered 01/08/2017 10:57:21 answering member 1091 label Biography information for Lord Bates
	tabling member	3756 label Biography information for Baroness Deech

753276

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what assessment they have made of the extent to which home heating oil is replacing red diesel as the main hydrocarbon fuel smuggled across the border between Northern Ireland and the Republic of Ireland.
	tabling member printed	Lord Empey
	uin	HL964
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>HM Revenue &amp; Customs (HMRC) do not have a breakdown of the level of smuggling or the value of smuggled items along the border between Northern Ireland and the Republic of Ireland.</p><p> </p><p>HMRC publishes estimates of tax gap for fuel and other excise goods. The latest estimates are included at pages 33 to 49 of ‘Measuring Tax Gaps 2016’</p><p> </p><p>These estimates cannot be disaggregated by type of fraud, such as smuggling. The estimate of the market share for illicit diesel in Northern Ireland is 8%, which amounts to about £50m in lost revenue.</p><p> </p><p>HMRC continually reviews its approach to tackling tax fraud. In respect of the border between Northern Ireland and the Republic of Ireland, HMRC plays a proactive role in the Organised Crime Taskforce, chairing the Cross Border Enforcement Groups on tobacco and fuel fraud.</p><p>HMRC continually monitors the threat from the smuggling of heating oil. There is currently no evidence to suggest that home heating oil has become the main hydrocarbon fuel smuggled across the border between Northern Ireland and the Republic of Ireland.</p> answering member printed Lord Bates question first answered 31/07/2017 12:48:15 answering member 1091 label Biography information for Lord Bates
	tabling member	4216 label Biography information for Lord Empey

752460

	registered interest
	date	17/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Banking Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL906
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1001 HL1002 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753314

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Insurance and Occupational Pensions Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL1002
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1001 HL906 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753313

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Securities and Markets Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL1001
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1002 HL906 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753333

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the contribution of the mutual reinsurer Pool Re to the mitigation of terrorism risk.
	tabling member printed	Lord Patten
	uin	HL1021
	answer	answer is ministerial correction date of answer 01/08/2017 answer text <p>Pool Re is a Government backed terrorism reinsurance scheme, established after insurers withdrew from proving terrorism cover in the wake of the IRA bombing campaign in the 1990s, which left businesses unprotected.</p><p> </p><p>Pool Re provides reinsurance to its members and is backed by a Government guarantee to ensure they can provide cover for losses resulting from acts of terrorism, while being protected from catastrophic losses. This helps businesses insure against the financial risks of a terrorist attack. To date, Pool Re has dealt with 16 separate terrorism events paying total losses in excess of £600m.</p><p> </p><p>Treasury is in active discussions with Pool Re in relation to the evolving nature of the terrorism threat.</p> answering member printed Lord Bates question first answered 01/08/2017 10:56:44 answering member 1091 label Biography information for Lord Bates
	tabling member	1137 label Biography information for Lord Patten

753275

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the level of smuggling of fuel and other items along the border between Northern Ireland and the Republic of Ireland.
	tabling member printed	Lord Empey
	uin	HL963
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>HM Revenue &amp; Customs (HMRC) do not have a breakdown of the level of smuggling or the value of smuggled items along the border between Northern Ireland and the Republic of Ireland.</p><p> </p><p>HMRC publishes estimates of tax gap for fuel and other excise goods. The latest estimates are included at pages 33 to 49 of ‘Measuring Tax Gaps 2016’</p><p> </p><p>These estimates cannot be disaggregated by type of fraud, such as smuggling. The estimate of the market share for illicit diesel in Northern Ireland is 8%, which amounts to about £50m in lost revenue.</p><p> </p><p>HMRC continually reviews its approach to tackling tax fraud. In respect of the border between Northern Ireland and the Republic of Ireland, HMRC plays a proactive role in the Organised Crime Taskforce, chairing the Cross Border Enforcement Groups on tobacco and fuel fraud.</p><p>HMRC continually monitors the threat from the smuggling of heating oil. There is currently no evidence to suggest that home heating oil has become the main hydrocarbon fuel smuggled across the border between Northern Ireland and the Republic of Ireland.</p> answering member printed Lord Bates question first answered 31/07/2017 11:24:24 answering member 1091 label Biography information for Lord Bates
	tabling member	4216 label Biography information for Lord Empey

753271

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their response to the analysis by the Office for Budget Responsibility that the UK's public finances are ill-positioned to withstand (1) a possible recession, (2) higher inflation, and (3) an increase in interest rates.
	tabling member printed	Lord Birt
	uin	HL959
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>The Office for Budget Responsibility’s (OBR) Fiscal Risks Report demonstrates that the public finances remain vulnerable to shocks. To enhance our resilience to such shocks it is vital that we get debt falling.</p><p> </p><p>To this end, we remain committed to bringing the public finances back to balance by the mid-2020s, with interim targets to reduce the structural deficit below 2% of GDP and get debt falling as a share of GDP by 2020-21.</p><p> </p><p>The government continues to consider carefully the findings within the OBR’s report. As required under the Charter for Budget Responsibility, the government will formally respond to the issues raised within the next year.</p> answering member printed Lord Bates question first answered 28/07/2017 13:33:39 answering member 1091 label Biography information for Lord Bates
	tabling member	2533 label Biography information for Lord Birt