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1140014

	registered interest
	date	17/07/2019
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Trade Promotion
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Viscount Younger of Leckie (HL16983), whether they will include the list of Trade Envoys and appointment dates in the text of the Written Answer for inclusion in Hansard.
	tabling member printed	Lord Grocott
	uin	HL17249
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>I refer the Noble Lord to the Written Ministerial Statement given by my Rt Hon Friend the Secretary of State for International Trade on 18 July 2019, HCWS1760.</p><p> </p><p><a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statements/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2Clords&amp;uin=HCWS1760" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statements/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2Clords&amp;uin=HCWS1760</a></p><p> </p><p>On the 18 July 2019 my Noble Friend Lord Risby was appointed as the Prime Minister’s Trade Envoy to Lebanon which is in addition to his current role as the Prime Minister’s Trade Envoy to Algeria. Also on the 18 July 2019 the Hon. Member for Dudley North, Ian Austin MP, was appointed as the Prime Minister’s Trade Envoy to Israel. These two new appointments take the total number of Trade Envoys to 27 parliamentarians covering 58 markets.</p><p> </p><p><strong>Full List of Prime Minister’s Trade Envoys, their Markets and date of appointment</strong></p><p><strong> </strong></p><table><tbody><tr><td><p><strong>Trade Envoy Name</strong></p></td><td><p><strong>Designated Markets</strong></p></td><td><p><strong>Date of PM Appointment</strong></p></td></tr><tr><td><p>Lord Risby</p></td><td><p>Algeria</p></td><td><p>November 2012</p></td></tr><tr><td><p> </p></td><td><p>Lebanon</p></td><td><p>July 2019</p></td></tr><tr><td><p>Baroness Morris</p></td><td><p>Jordan, Kuwait, Palestinian Territories</p></td><td><p>November 2012</p></td></tr><tr><td><p>Baroness Bonham Carter</p></td><td><p>Mexico</p></td><td><p>November 2012</p></td></tr><tr><td><p>Richard Graham MP</p></td><td><p>Indonesia</p></td><td><p>November 2012</p></td></tr><tr><td><p> </p></td><td><p>Trade Envoy to the ASEAN Economic Community</p></td><td><p>July 2015</p></td></tr><tr><td><p> </p></td><td><p>Philippines, Malaysia</p></td><td><p>January 2016</p></td></tr><tr><td><p>Baroness Nicholson</p></td><td><p>Iraq</p></td><td><p>January 2014</p></td></tr><tr><td><p> </p></td><td><p>Azerbaijan, Turkmenistan</p></td><td><p>April 2016</p></td></tr><tr><td><p> </p></td><td><p>Kazakhstan</p></td><td><p>July 2017</p></td></tr><tr><td><p>Lord Janvrin</p></td><td><p>Turkey</p></td><td><p>January 2014</p></td></tr><tr><td><p>Mark Prisk MP</p></td><td><p>(Investment Envoy) Nordic and Baltic Region</p></td><td><p>April 2014</p></td></tr><tr><td><p> </p></td><td><p>Brazil</p></td><td><p>March 2016</p></td></tr><tr><td><p>Sir Jeffrey Donaldson MP</p></td><td><p>Egypt</p></td><td><p>November 2015</p></td></tr><tr><td><p>Adam Afriyie MP</p></td><td><p>Ghana</p></td><td><p>January 2016</p></td></tr><tr><td><p> </p></td><td><p>Guinea</p></td><td><p>September 2017</p></td></tr><tr><td><p>Lord Popat</p></td><td><p>Uganda, Rwanda</p></td><td><p>January 2016</p></td></tr><tr><td><p>John Howell MP</p></td><td><p>Nigeria</p></td><td><p>January 2016</p></td></tr><tr><td><p>Rushanara Ali MP</p></td><td><p>Bangladesh</p></td><td><p>March 2016</p></td></tr><tr><td><p>Lord Astor of Hever</p></td><td><p>Oman</p></td><td><p>November 2016</p></td></tr><tr><td><p>Lord Faulkner</p></td><td><p>Taiwan</p></td><td><p>January 2016</p></td></tr><tr><td><p>Lord Lamont</p></td><td><p>Iran</p></td><td><p>January 2016</p></td></tr><tr><td><p>Baroness Northover</p></td><td><p>Angola</p></td><td><p>January 2016</p></td></tr><tr><td><p> </p></td><td><p>Zambia</p></td><td><p>July 2017</p></td></tr><tr><td><p>Paul Scully MP</p></td><td><p>Myanmar, Brunei, Thailand</p></td><td><p>July 2017</p></td></tr><tr><td><p>Jeremy Lefroy MP</p></td><td><p>Ethiopia</p></td><td><p>July 2017</p></td></tr><tr><td><p>Andrew Selous MP</p></td><td><p>South Africa</p></td><td><p>July 2017</p></td></tr><tr><td><p>Mark Pritchard MP</p></td><td><p>Georgia, Armenia</p></td><td><p>September 2017</p></td></tr><tr><td><p>Mark Menzies MP</p></td><td><p>Argentina, Colombia, Peru, Chile</p></td><td><p>September 2017</p></td></tr><tr><td><p>Simon Hart MP</p></td><td><p>Panama, Dominican Republic, Costa Rica</p></td><td><p>September 2017</p></td></tr><tr><td><p>Ed Vaizey MP</p></td><td><p>Vietnam, Laos,Cambodia</p></td><td><p>September 2017</p></td></tr><tr><td><p>Sir Henry Bellingham MP</p></td><td><p>Libya</p></td><td><p>June 2018</p></td></tr><tr><td><p>Pauline Latham MP</p></td><td><p>Kenya</p></td><td><p>August 2018</p></td></tr><tr><td><p>Andrew Rosindell MP</p></td><td><p>Tanzania</p></td><td><p>September 2018</p></td></tr><tr><td><p>Ian Austin MP</p></td><td><p>Israel</p></td><td><p>July 2019</p></td></tr></tbody></table> answering member printed Lord Young of Cookham question first answered 06/08/2019 14:22:59 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	276 label Biography information for Lord Grocott

1141516

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	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 the proposal to make HMRC a secondary preferential creditor in insolvencies may have on business rescue support in the UK from April 2020.
	tabling member printed	Baroness Burt of Solihull
	uin	HL17384
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>This reform is designed to ensure that when a business becomes insolvent, more of the taxes paid in good faith by that business’s employees and customers will go to fund public services as intended, rather than being distributed to other creditors such as financial institutions.</p><p>This measure does not include a cap on the age of tax debts which will be eligible for secondary preferential status, nor an exemption for existing lending. Either proposal would introduce potential distortions into the lending market which the Government does not consider to be either fair or proportionate.</p><p>The Government does not expect this reform to have a significant impact on access to finance, the cost of borrowing, business rescue support in the UK or the UK’s ranking in the World Bank’s annual “Doing Business” report.</p><p>Consistent with the Government’s impact assessment, the independent Office for Budget Responsibility (OBR) did not make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham grouped question UIN HL17385 HL17386 HL17387 question first answered 06/08/2019 13:34:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1567 label Biography information for Baroness Burt of Solihull

1141517

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	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 their proposal to make HMRC a secondary preferential creditor in insolvencies will have on the UK’s ranking in the World Bank’s annual "Doing Business" report.
	tabling member printed	Baroness Burt of Solihull
	uin	HL17385
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>This reform is designed to ensure that when a business becomes insolvent, more of the taxes paid in good faith by that business’s employees and customers will go to fund public services as intended, rather than being distributed to other creditors such as financial institutions.</p><p>This measure does not include a cap on the age of tax debts which will be eligible for secondary preferential status, nor an exemption for existing lending. Either proposal would introduce potential distortions into the lending market which the Government does not consider to be either fair or proportionate.</p><p>The Government does not expect this reform to have a significant impact on access to finance, the cost of borrowing, business rescue support in the UK or the UK’s ranking in the World Bank’s annual “Doing Business” report.</p><p>Consistent with the Government’s impact assessment, the independent Office for Budget Responsibility (OBR) did not make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham grouped question UIN HL17384 HL17386 HL17387 question first answered 06/08/2019 13:34:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1567 label Biography information for Baroness Burt of Solihull

1141518

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government why HM Treasury has decided to not introduce a cap on the age of tax debts which will be eligible for secondary preferential status in insolvencies from April 2020; and what assessment they have made of the impact of this decision on the costs of insolvency procedures and business lending.
	tabling member printed	Baroness Burt of Solihull
	uin	HL17386
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>This reform is designed to ensure that when a business becomes insolvent, more of the taxes paid in good faith by that business’s employees and customers will go to fund public services as intended, rather than being distributed to other creditors such as financial institutions.</p><p>This measure does not include a cap on the age of tax debts which will be eligible for secondary preferential status, nor an exemption for existing lending. Either proposal would introduce potential distortions into the lending market which the Government does not consider to be either fair or proportionate.</p><p>The Government does not expect this reform to have a significant impact on access to finance, the cost of borrowing, business rescue support in the UK or the UK’s ranking in the World Bank’s annual “Doing Business” report.</p><p>Consistent with the Government’s impact assessment, the independent Office for Budget Responsibility (OBR) did not make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham grouped question UIN HL17384 HL17385 HL17387 question first answered 06/08/2019 13:34:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1567 label Biography information for Baroness Burt of Solihull

1141519

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government why HM Treasury has decided that existing lending will not be exempted from their policy of making HMRC a secondary preferential creditor in insolvencies; and what assessment they have made of the impact of this decision on the continued availability of existing business lending.
	tabling member printed	Baroness Burt of Solihull
	uin	HL17387
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>This reform is designed to ensure that when a business becomes insolvent, more of the taxes paid in good faith by that business’s employees and customers will go to fund public services as intended, rather than being distributed to other creditors such as financial institutions.</p><p>This measure does not include a cap on the age of tax debts which will be eligible for secondary preferential status, nor an exemption for existing lending. Either proposal would introduce potential distortions into the lending market which the Government does not consider to be either fair or proportionate.</p><p>The Government does not expect this reform to have a significant impact on access to finance, the cost of borrowing, business rescue support in the UK or the UK’s ranking in the World Bank’s annual “Doing Business” report.</p><p>Consistent with the Government’s impact assessment, the independent Office for Budget Responsibility (OBR) did not make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham grouped question UIN HL17384 HL17385 HL17386 question first answered 06/08/2019 13:34:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1567 label Biography information for Baroness Burt of Solihull

1141550

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Conduct Authority
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what tests they apply to determine whether an investigation into the Financial Conduct Authority (FCA) meets the standard required to be described as independent of the FCA; and what assessment they have made of whether FCA employees acting for an investigation compromises its independence.
	tabling member printed	Lord Myners
	uin	HL17418
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>Where such investigations are conducted, HM Treasury take steps to ensure their independence which is crucial to the integrity of their conclusions. For example, in the recent case of the events surrounding the failure of London Capital &amp; Finance plc (LCF), and following a request from the Financial Conduct Authority (FCA), the Economic Secretary to the Treasury required that an independent investigation be carried out under powers in section 77 of the Financial Services Act 2012.</p><p> </p><p>The Economic Secretary approved the appointment of Dame Elizabeth Gloster, an experienced QC and Judge at the High Court and Court of Appeal, to lead it. Prior to this approval, potential conflicts of interest were investigated and HM Treasury is satisfied that Dame Elizabeth is independent from the FCA, HM Treasury and the companies and individuals associated with LCF’s failure.</p><p> </p><p>Under the terms of the Economic Secretary’s Direction to the FCA, Dame Elizabeth has the discretion to appoint a team which is entirely independent of the FCA. A process is now underway to appoint an independent legal team to support Dame Elizabeth in her investigation. The FCA is also under a duty to facilitate the disclosure to Dame Elizabeth any information that she deems relevant to the scope of her investigation. Should Dame Elizabeth wish to raise any matters directly to HM Treasury, she can do so at any time, under the terms of the Direction, via an interim report.</p> answering member printed Lord Young of Cookham question first answered 06/08/2019 13:32:53 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1141551

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Institutions: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have identified any features in common in the cases of London Capital and Finance, Lendy Limited and Collateral (UK) Limited that require a change in regulation, law or process.
	tabling member printed	Lord Myners
	uin	HL17419
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>London Capital and Finance plc (LCF) are a firm that issued mini-bonds, that entered administration on 30 January 2018. On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at LCF, and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it.</p><p> </p><p>Lendy Limited and Collateral (UK) Limited are peer to peer (P2P) platforms authorised by the FCA and subject to FCA rules.</p><p> </p><p>The operationally independent FCA’s investigation into the circumstances that led to the administration of Lendy is ongoing, and it would be inappropriate for Government to pre-empt its findings, or that of the investigation of the events at LCF.</p> answering member printed Lord Young of Cookham question first answered 06/08/2019 13:34:42 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1141552

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collateral (UK)
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they first became aware that Collateral (UK) Limited was acting without authorisation from the Financial Conduct Authority (FCA); and why that company was allowed to take new client money without advising clients that the firm was not authorised by the FCA.
	tabling member printed	Lord Myners
	uin	HL17420
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>The Government monitors the development of the peer to peer (P2P) sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector. This requires platforms to be authorised by the FCA and subject to FCA rules governing, among other areas, how they handle client money and promote themselves to consumers, and capital requirements.</p><p> </p><p>The regulatory status of Collateral (UK) Ltd, and the events which led to its register entry appearing to show that it held an interim permission, when it did not, are matters the FCA is investigating as they may involve fraud or misconduct by persons connected with the firm who may have misused the register. In order to avoid prejudicing any proceedings which may arise from the investigation, the FCA are unable to provide further details of how they believe the change to the register came about.</p><p> </p><p>The Financial Conduct Authority (FCA) is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham grouped question UIN HL17421 HL17422 HL17423 question first answered 06/08/2019 13:35:40 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1141553

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collateral (UK)
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they or the Financial Conduct Authority (FCA) have investigated the change of name on the FCA register of authorised parties of Regal Pawnbrokers Limited to Collateral (UK) Limited; whether they identified any concerns about that change in respect of Collateral (UK) Limited; and if so, when.
	tabling member printed	Lord Myners
	uin	HL17421
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>The Government monitors the development of the peer to peer (P2P) sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector. This requires platforms to be authorised by the FCA and subject to FCA rules governing, among other areas, how they handle client money and promote themselves to consumers, and capital requirements.</p><p> </p><p>The regulatory status of Collateral (UK) Ltd, and the events which led to its register entry appearing to show that it held an interim permission, when it did not, are matters the FCA is investigating as they may involve fraud or misconduct by persons connected with the firm who may have misused the register. In order to avoid prejudicing any proceedings which may arise from the investigation, the FCA are unable to provide further details of how they believe the change to the register came about.</p><p> </p><p>The Financial Conduct Authority (FCA) is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham grouped question UIN HL17420 HL17422 HL17423 question first answered 06/08/2019 13:35:40 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1141554

	registered interest
	date	23/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collateral (UK)
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether any action was taken to protect (1) documents of, and (2) client money in, Collateral (UK) Limited when they were made aware that that firm was acting without the authorisation of the Financial Conduct Authority; and if not, why not.
	tabling member printed	Lord Myners
	uin	HL17422
	answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>The Government monitors the development of the peer to peer (P2P) sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector. This requires platforms to be authorised by the FCA and subject to FCA rules governing, among other areas, how they handle client money and promote themselves to consumers, and capital requirements.</p><p> </p><p>The regulatory status of Collateral (UK) Ltd, and the events which led to its register entry appearing to show that it held an interim permission, when it did not, are matters the FCA is investigating as they may involve fraud or misconduct by persons connected with the firm who may have misused the register. In order to avoid prejudicing any proceedings which may arise from the investigation, the FCA are unable to provide further details of how they believe the change to the register came about.</p><p> </p><p>The Financial Conduct Authority (FCA) is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham grouped question UIN HL17420 HL17421 HL17423 question first answered 06/08/2019 13:35:40 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners