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answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered question first ministerially corrected answering member label attachment file name title previous answer version answering member constituency answering member constituency answering member printed answering member printed answering member label answering member label
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58429

	registered interest
	date	05/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Working Tax Credit: Bolton
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much has been paid through working tax credits to people in Bolton North East constituency in each of the last three years.
	tabling member constituency	Bolton North East
	tabling member printed	Mr David Crausby
	uin	199151
	answer	answer is ministerial correction date of answer 12/06/2014 answer text <p>Table 1: Bolton North East constituency Working Tax Credit entitlement</p><p> </p><table><tbody><tr><td><p>Tax Year</p></td><td><p>Total WTC entitlement</p></td></tr><tr><td><p>2010-11</p></td><td><p>£19 million</p></td></tr><tr><td><p>2011-12</p></td><td><p>£18 million</p></td></tr><tr><td><p>2012-13</p></td><td><p>£1<del class="ministerial">7</del><ins class="ministerial">6</ins> million</p></td></tr></tbody></table><p> </p><p> </p><p>These figures have been rounded to the nearest £ million.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/06/2014 14:42:34 question first ministerially corrected 24/03/2015 12:39:34 answering member 1529 label Biography information for Mr David Gauke previous answer version 939 answering member constituency South West Hertfordshire answering member printed Mr David Gauke answering member 1529 label Biography information for Mr David Gauke
	tabling member	437 label Biography information for Sir David Crausby

64002

	registered interest
	date	25/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits: Self-employed
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many self-employed people claimed (a) child tax credits and (b) working tax credits in each of the last 10 years.
	tabling member constituency	East Ham
	tabling member printed	Stephen Timms
	uin	202509
	answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The following table is based on finalised tax credits administrative data for each financial year. The latest data available are 2012-13.</p><p> </p><table><tbody><tr><td> </td><td colspan="2"><p><em>Thousands</em></p></td></tr><tr><td><p>Tax Year</p></td><td colspan="2"><p>Number of families in receipt of tax credits containing at least one member identified as self-employed</p></td></tr><tr><td> </td><td><p>Families benefitting from both WTC and CTC</p></td><td><p>Families benefitting from WTC Only</p></td></tr><tr><td><p>2007-08</p></td><td><p>740</p></td><td><p>80</p></td></tr><tr><td><p>2008-09</p></td><td><p>760</p></td><td><p>100</p></td></tr><tr><td><p>2009-10</p></td><td><p>780</p></td><td><p>130</p></td></tr><tr><td><p>2010-11</p></td><td><p>800</p></td><td><p>150</p></td></tr><tr><td><p>2011-12</p></td><td><p>750</p></td><td><p>160</p></td></tr><tr><td><p>2012-13</p></td><td><p>600</p></td><td><p><del class="ministerial">170</del> <ins class="ministerial">169</ins></p></td></tr></tbody></table><p> </p><p>Data from earlier years is only available at disproportionate cost.</p><p> </p><p>The decrease in the number of self employed households in 2012-13 can largely be explained by the removal of the ‘Second Income Threshold’ of tax credits in April 2012. This policy change removed a large number of higher income households from the whole tax credits population.</p><p> </p><p> </p><p>In general, there is and has been a long term trend of growth in the number of self employed people.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 03/07/2014 15:57:45 question first ministerially corrected 24/03/2015 11:57:50 answering member 1529 label Biography information for Mr David Gauke previous answer version 7782 answering member constituency South West Hertfordshire answering member printed Mr David Gauke answering member 1529 label Biography information for Mr David Gauke
	tabling member	163 label Biography information for Sir Stephen Timms

57913

	registered interest
	date	04/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the value was of the average claim for tax credit made by people who were (a) out of work, (b) self-employed and (c) employed in each of the last five years.
	tabling member constituency	Leeds West
	tabling member printed	Rachel Reeves
	uin	198956
	answer	answer is ministerial correction date of answer 10/06/2014 answer text <p>The following table is based on finalised tax credits administrative data for each financial year. The latest data available are 2012-13.</p><p> </p><table><tbody><tr><td rowspan="2"><p>Tax Year</p></td><td> </td><td colspan="3"><p>Average tax credit award for households who are classified as 'in work'</p></td></tr><tr><td><p>Average tax credit award for households who are classified as 'out of work'</p></td><td><p>Households who are classified as self employed only</p></td><td><p>Households who are classified as employed only</p></td><td><p>Households who are classified as both employed and self employed</p></td></tr><tr><td><p>2008-09</p></td><td><p>£4,700</p></td><td><p>£6,500</p></td><td><p>£3,300</p></td><td><p>£3,700</p></td></tr><tr><td><p>2009-10</p></td><td><p>£5,000</p></td><td><p>£6,800</p></td><td><p>£3,700</p></td><td><p>£4,000</p></td></tr><tr><td><p>2010-11</p></td><td><p>£5,200</p></td><td><p>£6,900</p></td><td><p>£3,900</p></td><td><p>£4,100</p></td></tr><tr><td><p>2011-12</p></td><td><p>£5,600</p></td><td><p>£7,200</p></td><td><p>£4,500</p></td><td><p>£4,800</p></td></tr><tr><td><p>2012-13</p></td><td><p>£6,000</p></td><td><p>£<del class="ministerial">7,600</del> <ins class="ministerial"><ins>7,500</ins></ins></p></td><td><p>£<del class="ministerial">6,300</del> <ins class="ministerial"><ins>6,200</ins></ins></p></td><td><p>£<del class="ministerial">6,400</del> <ins class="ministerial"><ins>6,000</ins></ins></p></td></tr></tbody></table><p> </p><p>These figures have been rounded to the nearest £100.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The increase in average tax credit awards in 2012-13 can largely be explained by the removal of the ‘Second Income Threshold’ in April 2012. This policy removed a number of higher income households from the tax credit population. As higher income households generally have lower tax credits awards, the effect of removing these households increases the average award.</p><p> </p><p> </p> answering member constituency Loughborough answering member printed Nicky Morgan question first answered 10/06/2014 09:38:55 question first ministerially corrected 24/03/2015 12:39:18 answering member 4027 label Biography information for Baroness Morgan of Cotes previous answer version 268 answering member constituency Loughborough answering member printed Nicky Morgan answering member 4027 label Biography information for Baroness Morgan of Cotes
	tabling member	4031 label Biography information for Rachel Reeves

61038

	registered interest
	date	10/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the total value was of tax credits paid to claimants who were (a) out of work, (b) self-employed and (c) employed in each of the last five years.
	tabling member constituency	Leeds West
	tabling member printed	Rachel Reeves
	uin	199850
	answer	answer is ministerial correction date of answer 17/06/2014 answer text <p><strong>The following table is </strong><strong>based on finalised tax credits administrative data for each financial year. The latest data available are 2012-13. </strong></p><p> </p><table><tbody><tr><td> </td><td> </td><td> </td><td> </td><td><p>£million</p></td></tr><tr><td rowspan="2"><p>Tax Year</p></td><td> </td><td colspan="3"><p>Total entitlement for households who are classified as 'in work'</p></td></tr><tr><td><p>Total entitlement for households who are classified as 'out of work'</p></td><td><p>Households who are classified as self employed only</p></td><td><p>Households who are classified as employed only</p></td><td><p>Households who are classified as both employed and self employed</p></td></tr><tr><td><p>2008-09</p></td><td><p>£6,811</p></td><td><p>£2,376</p></td><td><p>£14,315</p></td><td><p>£1,615</p></td></tr><tr><td><p>2009-10</p></td><td><p>£7,486</p></td><td><p>£2,780</p></td><td><p>£15,260</p></td><td><p>£1,845</p></td></tr><tr><td><p>2010-11</p></td><td><p>£7,606</p></td><td><p>£3,036</p></td><td><p>£15,908</p></td><td><p>£1,992</p></td></tr><tr><td><p>2011-12</p></td><td><p>£8,138</p></td><td><p>£3,327</p></td><td><p>£15,730</p></td><td><p>£2,009</p></td></tr><tr><td><p>2012-13</p></td><td><p>£<del class="ministerial">8,936</del> <ins class="ministerial"><ins>8,903</ins></ins></p></td><td><p>£<del class="ministerial">3,420 </del> <ins class="ministerial"><ins>3,361</ins></ins></p></td><td><p>£<del class="ministerial">15,256</del> <ins class="ministerial"><ins>14,610</ins></ins></p></td><td><p>£<del class="ministerial">2,007</del> <ins class="ministerial"><ins>1,905</ins></ins></p></td></tr></tbody></table><p> </p><p> </p><p><strong>Data from ONS Labour Market statistics show that self employment as a proportion of total UK employment has been growing since around 2003 and is part of a long term trend.</strong></p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency Loughborough answering member printed Nicky Morgan previous answer version 1685 answering member constituency Loughborough answering member printed Nicky Morgan answering member 4027 label Biography information for Baroness Morgan of Cotes 1787 answering member constituency Loughborough answering member printed Nicky Morgan answering member 4027 label Biography information for Baroness Morgan of Cotes question first answered 17/06/2014 15:11:28 question first ministerially corrected 24/03/2015 12:39:09 answering member 4027 label Biography information for Baroness Morgan of Cotes
	tabling member	4031 label Biography information for Rachel Reeves

64896

	registered interest
	date	01/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what average value of tax credits were paid to claimants who were (a) out of work, (b) self-employed and (c) employed in each of the last 10 years.
	tabling member constituency	Leeds West
	tabling member printed	Rachel Reeves
	uin	203325
	answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>The following table is based on finalised tax credits administrative data for each financial year. The latest data available are 2012-13.</p><p> </p><table><tbody><tr><td rowspan="2"><p>Tax Year</p></td><td> </td><td colspan="3"><p>Average tax credit award for households who are classified as 'in work'</p></td></tr><tr><td><p>Average tax credit award for households who are classified as 'out of work'</p></td><td><p>Households who are classified as self employed only</p></td><td><p>Households who are classified as employed only</p></td><td><p>Households who are classified as both employed and self employed</p></td></tr><tr><td><p>2007-08</p></td><td><p>£4,300</p></td><td><p>£5,800</p></td><td><p>£2,800</p></td><td><p>£3,300</p></td></tr><tr><td><p>2008-09</p></td><td><p>£4,700</p></td><td><p>£6,500</p></td><td><p>£3,300</p></td><td><p>£3,700</p></td></tr><tr><td><p>2009-10</p></td><td><p>£5,000</p></td><td><p>£6,800</p></td><td><p>£3,700</p></td><td><p>£4,000</p></td></tr><tr><td><p>2010-11</p></td><td><p>£5,200</p></td><td><p>£6,900</p></td><td><p>£3,900</p></td><td><p>£4,100</p></td></tr><tr><td><p>2011-12</p></td><td><p>£5,600</p></td><td><p>£7,200</p></td><td><p>£4,500</p></td><td><p>£4,800</p></td></tr><tr><td><p>2012-13</p></td><td><p>£6,000</p></td><td><p><del class="ministerial">£7,600</del> <ins class="ministerial">£<ins>7,500</ins></ins></p></td><td><p><del class="ministerial">£6,300</del> <ins class="ministerial">£<ins>6,200</ins></ins></p></td><td><p><del class="ministerial">£6,400</del> <ins class="ministerial">£<ins>6,000</ins></ins></p></td></tr></tbody></table><p> </p><p>These figures have been rounded to the nearest £100.</p><p> </p><p>Data from earlier years is only available at disproportionate cost.</p><p> </p><p>The increase in average tax credit awards in 2012-13 can largely be explained by the removal of the ‘Second Income Threshold’ in April 2012. This policy removed a number of higher income households from the tax credit population. As higher income households generally have lower tax credit awards, the effect of removing these households increases the average award.</p><p> </p><p> </p> answering member constituency Loughborough answering member printed Nicky Morgan question first answered 07/07/2014 14:06:19 question first ministerially corrected 24/03/2015 11:54:34 answering member 4027 label Biography information for Baroness Morgan of Cotes previous answer version 8139 answering member constituency Loughborough answering member printed Nicky Morgan answering member 4027 label Biography information for Baroness Morgan of Cotes
	tabling member	4031 label Biography information for Rachel Reeves

64577

	registered interest
	date	27/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits: York
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many families in (a) York Central constituency and (b) York Unitary Authority area received child and working tax credits in 2009 and in each year since.
	tabling member constituency	York Central
	tabling member printed	Hugh Bayley
	uin	202934
	answer	answer is ministerial correction date of answer 02/07/2014 answer text <p>The finalised annual award Child and Working Tax Credits statistics for 2012-13 are available here:</p><p> </p><p><a href="https://www.gov.uk/government/publications/personal-tax-credits-finalised-award-statistics-geographical-statistics-2012-to-2013" target="_blank">https://www.gov.uk/government/publications/personal-tax-credits-finalised-award-statistics-geographical-statistics-2012-to-2013</a></p><p> </p><p><ins class="ministerial"><ins>Since </ins><ins>the original PQ answer was issued, HM Revenue and Customs</ins><ins> have revised figures for finalised Child and Working Tax Credit Statistics for 2012-13. As such, figures in the referenced publication of interest may </ins><ins>have </ins><ins>be</ins><ins>en</ins><ins> subject to change</ins><ins>.</ins></ins></p><p> </p><p>The finalised annual award Child and Working Tax Credits statistics for 2011-12 are available here:</p><p> </p><p><a href="https://www.gov.uk/government/publications/personal-tax-credits-finalised-award-statistics-geographical-statistics" target="_blank">https://www.gov.uk/government/publications/personal-tax-credits-finalised-award-statistics-geographical-statistics</a></p><p> </p><p>For the years 2009-10 to 2010-11, please refer to the archived publication webpage:</p><p> </p><p><a href="http://webarchive.nationalarchives.gov.uk/20121106034103/http:/www.hmrc.gov.uk/stats/personal-tax-credits/final-award-geog.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20121106034103/http://www.hmrc.gov.uk/stats/personal-tax-credits/final-award-geog.htm</a></p><p> </p><p>Table 2 of these publications provide a breakdown of figures by local authority, including York.</p><p> </p><p> </p><p>Table 3 of these publications provide a breakdown of figures by parliamentary constituency, including York Central.</p> answering member constituency Loughborough answering member printed Nicky Morgan question first answered 02/07/2014 14:56:46 question first ministerially corrected 24/03/2015 11:55:28 answering member 4027 label Biography information for Baroness Morgan of Cotes previous answer version 7633 answering member constituency Loughborough answering member printed Nicky Morgan answering member 4027 label Biography information for Baroness Morgan of Cotes
	tabling member	385 label Biography information for Sir Hugh Bayley

44897

	registered interest
	date	25/03/2014
	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	To ask Her Majesty's Government what was the breakdown of departmental private office spending on Government Procurement Cards between 2005–06 and 2009–10.
	tabling member printed	Baroness Seccombe
	uin	HL6300
	answer	answer is ministerial correction date of answer 14/04/2014 answer text <p><strong>The breakdown of spend by Ministerial private offices in the departmental on Government Procurement Cards for 2005-06 to 2009-10 is in the table below. There are three types of spend within the definition of GPC, procurement, lodge and corporate cards.</strong></p><p> </p><table><tbody><tr><td> </td><td><p>2005-06</p></td><td><p>2006-07</p></td><td><p>2007-08</p></td><td><p>2008-09</p></td><td><p>2009-10</p></td></tr><tr><td><p><strong>Chancellor of the Exchequer </strong></p></td><td><p>220,787.69</p></td><td><p>239,967.84</p></td><td><p>141,155.09</p></td><td><p>95,124.66</p></td><td><p>94,773.45</p></td></tr><tr><td><p><strong>Chief Secretary</strong></p></td><td><p>31,243.13</p></td><td><p>40,350.89</p></td><td><p>16,002.80</p></td><td><p>13,834.62</p></td><td><p>25,955.41</p></td></tr><tr><td><p><strong>Exchequer Secretary </strong></p></td><td><p>10,426.42</p></td><td><p>12,784.10</p></td><td><p>15,899.54</p></td><td><p>17,146.39</p></td><td><p>20,028.14</p></td></tr><tr><td><p><strong>Economic Secretary</strong></p></td><td><p>14,807.79</p></td><td><p>80,689.90</p></td><td><p>21,329.00</p></td><td><p>14,060.81</p></td><td><p>7,961.58</p></td></tr><tr><td><p><strong>Financial Secretary </strong></p></td><td><p>39,163.29</p></td><td><p>28,673.99</p></td><td><p>21,654.07</p></td><td><p>46,993.19</p></td><td><p>21,031.27</p></td></tr><tr><td><p><strong>Financial Services Secretary</strong></p></td><td><p>N/A</p></td><td><p>N/A</p></td><td><p>N/A</p></td><td><p>N/A</p></td><td><p>16,187.33</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p><strong>316,428.32</strong></p></td><td><p><strong>402,466.72</strong></p></td><td><p><strong>216,040.50</strong></p></td><td><p><strong>187,159.67</strong></p></td><td><p><strong>185,937.18</strong></p></td></tr></tbody></table> answering member printed Lord Deighton question first answered 14/04/2014 12:00:00 answering member 4262 label Biography information for Lord Deighton
	tabling member	2097 label Biography information for Baroness Seccombe

44914

	registered interest
	date	25/03/2014
	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	To ask Her Majesty's Government by how much they expect overall alcohol consumption to rise or fall across the United Kingdom as a result of the changes in alcohol duty announced in the Budget.
	tabling member printed	Lord Avebury
	uin	HL6317
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p><strong>The Government expects that there will be a small increase in alcohol consumption as a result of the changes to alcohol duty announced at Budget 2014. The tables below provide estimates of changes in consumption in both percentage and volume terms for each type of alcohol consumed, relative to the previous alcohol duty rates policy.</strong></p><p> </p><p><strong>Estimated increase in consumption (%):</strong></p><p> </p><table><tbody><tr><td> </td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td></tr><tr><td><p><strong>Beer</strong></p></td><td><p>1.5%</p></td><td><p>1.5%</p></td><td><p>1.6%</p></td><td><p>1.7%</p></td><td><p>1.8%</p></td></tr><tr><td><p><strong>Spirits</strong></p></td><td><p>1.1%</p></td><td><p>1.2%</p></td><td><p>1.2%</p></td><td><p>1.3%</p></td><td><p>1.4%</p></td></tr><tr><td><p><strong>Alcopops</strong></p></td><td><p>0.1%</p></td><td><p>0.1%</p></td><td><p>0.1%</p></td><td><p>0.1%</p></td><td><p>0.2%</p></td></tr><tr><td><p><strong>Cider</strong></p></td><td><p>0.9%</p></td><td><p>0.9%</p></td><td><p>1.0%</p></td><td><p>1.0%</p></td><td><p>1.1%</p></td></tr><tr><td><p><strong>Wine</strong></p></td><td><p>0.0%</p></td><td><p>0.0%</p></td><td><p>0.0%</p></td><td><p>0.0%</p></td><td><p>0.0%</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p>0.8%</p></td><td><p>0.9%</p></td><td><p>0.9%</p></td><td><p>0.9%</p></td><td><p>0.9%</p></td></tr></tbody></table><p> </p><p><strong>Estimated increase in consumption (thousand hectolitres of alcohol):</strong></p><p> </p><table><tbody><tr><td> </td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td></tr><tr><td><p><strong>Beer</strong></p></td><td><p>25</p></td><td><p>25</p></td><td><p>26</p></td><td><p>28</p></td><td><p>29</p></td></tr><tr><td><p><strong>Spirits</strong></p></td><td><p>12</p></td><td><p>12</p></td><td><p>13</p></td><td><p>14</p></td><td><p>15</p></td></tr><tr><td><p><strong>Alcopops</strong></p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p><strong>Cider</strong></p></td><td><p>4</p></td><td><p>4</p></td><td><p>4</p></td><td><p>5</p></td><td><p>5</p></td></tr><tr><td><p><strong>Wine</strong></p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p>40</p></td><td><p>42</p></td><td><p>44</p></td><td><p>46</p></td><td><p>48</p></td></tr></tbody></table> answering member printed Lord Newby question first answered 08/04/2014 12:00:00 answering member 1916 label Biography information for Lord Newby
	tabling member	1665 label Biography information for Lord Avebury

45763

	registered interest
	date	27/03/2014
	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	To ask Her Majesty's Government what discussions they have had with the Office for Budget Responsibility concerning explanations suggesting that there is a £20 billion shortfall in public finances.
	tabling member printed	Lord Barnett
	uin	HL6412
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>The independent OBR publish a log of all substantive contact with Ministers, their offices and special advisers on their website.</p> answering member printed Lord Newby question first answered 08/04/2014 12:00:00 answering member 1916 label Biography information for Lord Newby attachment 1 file name 3379LW 1314.pdf title OFFICE FOR BUDGET RESPONSIBILITY CONTACT LOG
	tabling member	1018 label Biography information for Lord Barnett

45764

	registered interest
	date	27/03/2014
	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	To ask Her Majesty's Government whether they consider that an agreement between the Chancellor of the Exchequer and the Governor of the Bank of England overrides the reserve powers given to HM Treasury in section 19(2) of the Bank of England Act 1998.
	tabling member printed	Lord Barnett
	uin	HL6413
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The powers set out in section 19 of the Bank of England Act 1998 cannot be removed or amended except by further legislation approved by Parliament which amends that section of the 1998 Act.</p><p> </p><p>The Treasury may only make an order giving directions under section 19 after consultation with the Governor of the Bank of England, if the directions are required in the public interest and by extreme economic circumstances.</p><p> </p><p>Since the Monetary Policy Committee was given operational independence in 1997, covering the worst financial crisis in generations leading to the deepest recession since the Second World War, these powers have never been used.</p><p> </p><p> </p> answering member printed Lord Newby question first answered 09/04/2014 12:00:00 answering member 1916 label Biography information for Lord Newby
	tabling member	1018 label Biography information for Lord Barnett