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1109887

	registered interest
	date	04/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, following Office for National Statistics changes to the recording of student loans in the national accounts, what proportion of student loan payments will be classed as (1) government lending, and (2) government spending.
	tabling member printed	Lord Mendelsohn
	uin	HL15079
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The Office for Budget Responsibility (OBR) published updated estimates of potential fiscal impacts from the new student loans accounting treatment in Annex E of their March 2019 Economic and fiscal outlook.</p><p> </p><p>However, the Office for National Statistics (ONS) has made it clear that there is a lot to decide before their methodology is finalised. The ONS plan to fully implement the new treatment for student loans in the public sector finances in September 2019.</p> answering member printed Lord Bates question first answered 15/04/2019 14:51:23 answering member 1091 label Biography information for Lord Bates
	tabling member	4286 label Biography information for Lord Mendelsohn

1109275

	registered interest
	date	02/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Lloyds Bank: Fees and Charges
	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 way in which Lloyds Bank have introduced changes to the structure of charges for unplanned overdrafts; what assessment they have made of the appropriateness of the timing of those changes; and what assessment they have made of the impact of those changes on customers.
	tabling member printed	Lord Balfe
	uin	HL14992
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>Overdraft pricing is a commercial decision for firms, therefore HM Treasury does not make assessments of individual firms’ prices, the strategies for announcing those prices or the impact of those changes on customers.</p><p> </p><p>In December 2018 the Financial Conduct Authority published a consultation on interventions in the overdraft market. This consultation has now closed and the final remedies are due to be published in June this year.</p> answering member printed Lord Bates question first answered 15/04/2019 14:37:41 answering member 1091 label Biography information for Lord Bates
	tabling member	4302 label Biography information for Lord Balfe

1108861

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what investigations they have initiated into the authorisation by the Financial Conduct Authority for London Capital and Finance to offer ISA investments.
	tabling member printed	Lord Myners
	uin	HL14968
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>On 1 April, the Economic Secretary announced that he will use powers under the Financial Services Act 2012 to direct the Financial Conduct Authority (FCA) to launch an investigation into the events at London Capital &amp; Finance and the circumstances surrounding them. This followed a request from the FCA Chair, Charles Randell, to the Economic Secretary to launch such an investigation.</p><p> </p><p>Approval to act as an ISA manager is granted by Her Majesty’s Revenue and Customs (HMRC). When considering an application, HMRC undertakes checks to ensure that applicants hold the appropriate regulatory permissions from the FCA.</p><p> </p><p>Once approval is granted, ISA managers must administer the ISA scheme in accordance with the ISA legislation. HMRC has a range of powers to tackle non-compliance with the rules, including withdrawing permission to act as an ISA manager, voiding non-compliant ISAs and reclaiming any incorrectly paid tax relief.</p> answering member printed Lord Bates question first answered 15/04/2019 14:42:35 answering member 1091 label Biography information for Lord Bates
	tabling member	3869 label Biography information for Lord Myners

1108873

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to provide clarity surrounding new sales rules for UK asset managers in the event of a no-deal Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL14980
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The Treasury is in frequent contact with firms regarding their contingency planning for EU exit. UK asset managers that are using the EU “passport” to serve clients in the EEA have undertaken and will continue to carry out contingency plans with respect to their operations in the EEA in order to be ready for a no deal scenario. Some European countries have introduced measures to ensure that UK asset managers will continue to be able to service EEA clients.</p><p> </p><p>The Government has undertaken the necessary work to ensure that we have a stable and functioning domestic framework for asset managers at the point of leaving the EU without a deal. This includes establishing the ‘temporary marketing permissions regime’ which enables EEA funds to continue to be able to market into the UK for up to 3 years. These measures have been welcomed across the UK asset management industry.</p> answering member printed Lord Bates question first answered 15/04/2019 14:53:14 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1108874

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of reports suggesting that Brexit may have cost the UK approximately 2.4 per cent of GDP due to a fall in investment.
	tabling member printed	Lord Taylor of Warwick
	uin	HL14981
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>Despite the uncertainty around Brexit, the economy remains resilient. We are currently enjoying the longest unbroken quarterly growth streak of any G7 nation, employment is at a record high and regular wages are growing at their fastest pace in over a decade. The government's priority is to continue to press the case for an orderly Brexit that delivers on the result of the referendum and ends the uncertainty facing businesses and consumers.</p><p> </p> answering member printed Lord Bates question first answered 15/04/2019 14:57:44 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1108876

	registered interest
	date	01/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Claims Management Services: 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 impact of sector regulation on closures of financial claims management firms; and of the impact that could have on consumers.
	tabling member printed	Lord Taylor of Warwick
	uin	HL14982
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The government conducted an impact assessment for the transfer of the responsibility of Claims Management Companies (CMCs) regulation from the Claims Management Regulator (CMR) to the Financial Conduct Authority (FCA), and the FCA have also assessed the costs to industry.</p><p> </p><p>The number of CMCs has declined for several years, and if this trend continues, compliance costs for the industry will likely reduce. Remaining CMCs will now be required to meet FCA rules and higher standards of conduct. This will increase trust and confidence in the sector, which will benefit consumers and CMCs.</p> answering member printed Lord Bates question first answered 15/04/2019 14:28:53 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1105713

	registered interest
	date	27/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Students: Tax Yields
	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 report by the Higher Education Policy Institute and Kaplan International Pathways, The UK's tax revenues from international students post-graduation, published in March, which suggested that the tax and National Insurance payments of a cohort of EU and non-EU students who stay in the UK to work after their studies amounts to £3.2 billion.
	tabling member printed	Lord Watson of Invergowrie
	uin	HL14885
	answer	answer is ministerial correction date of answer 10/04/2019 answer text <p>International students make a significant contribution to the UK, beyond any tax payments they make. They enhance our educational institutions; they enrich the experience of domestic students; and they contribute to the £20 billion the education sector generates through education exports and transnational activity each year. The government recently published an International Education Strategy with the aim of increasing the number of international students studying in the UK to 600,000, or by more than 30%, by 2030.</p> answering member printed Lord Bates question first answered 10/04/2019 12:45:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1241 label Biography information for Lord Watson of Invergowrie

1105363

	registered interest
	date	26/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax: Siblings
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the answer by Lord Bates on 21 March (HL Deb, col 1526), when the cross-departmental working party to consider the fiscal disadvantages experienced by sibling couples will be established; what will be its terms of reference; and when its report will be completed and published.
	tabling member printed	Lord Lexden
	uin	HL14826
	answer	answer is ministerial correction date of answer 09/04/2019 answer text The Government will consider the issue of siblings and inheritance tax through the Office of Tax Simplification’s review of inheritance tax. Their report is due to be published in spring, and their recommendations will be carefully considered. answering member printed Lord Bates question first answered 09/04/2019 11:48:19 answering member 1091 label Biography information for Lord Bates
	tabling member	4202 label Biography information for Lord Lexden

1105372

	registered interest
	date	26/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	British Nationals Abroad: EU Countries
	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 impact that a no-deal Brexit could have on possible delays experienced by British citizens at the borders of EU countries.
	tabling member printed	Lord Taylor of Warwick
	uin	HL14835
	answer	answer is ministerial correction date of answer 09/04/2019 answer text <p>The European Commission has indicated that member states will need to carry out more stringent checks on UK nationals arriving in the EU in a No Deal scenario. While the UK government cannot know how these checks will impact passengers, departments are working with relevant operators and airlines to prepare mitigations in the event of increased queues and delays.</p> answering member printed Lord Bates question first answered 09/04/2019 11:46:39 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1104639

	registered interest
	date	25/03/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Democratic Republic of Congo: Ebola
	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 spread of Ebola in North Kivu and of the response to that outbreak by the government of the Democratic Republic of the Congo and the World Health Organisation.
	tabling member printed	Lord Alton of Liverpool
	uin	HL14764
	answer	answer is ministerial correction date of answer 05/04/2019 answer text <p>The Ebola outbreak in the Democratic Republic of Congo (DRC) is the largest in the country’s history and the second largest on record. The Government of the DRC and the World Health Organisation (WHO) are together leading an effective response in an extremely challenging context with ongoing conflict. Despite some successes, the outbreak is not yet under control, and DFID teams continue to actively monitor and assess the situation.</p><p>UK Aid has played a crucial role in supporting the response since the outbreak was first announced in August 2018. This support has provided funding and expertise to the WHO for response activities in the DRC and for regional preparedness. Preventing the spread of the disease not only saves lives but also provides the stability necessary for economic growth and security.</p> answering member printed Lord Bates question first answered 05/04/2019 13:09:35 answering member 1091 label Biography information for Lord Bates
	tabling member	738 label Biography information for Lord Alton of Liverpool