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1305374

	registered interest
	date	23/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Wyelands Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the Bank of England has required Wyelands Bank to return all deposits or a category of deposits; if so, when; whether Wyelands remains an approved bank on the Bank of England list of banks; and if not, why this has not been publicly announced.
	tabling member printed	Lord Myners
	uin	HL14527
	answer	answer is ministerial correction date of answer 31/03/2021 answer text <p>The PRA published a statement on its website on 3 March 2021, confirming that Wyelands Bank had been required to operationalise an orderly repayment of its deposits. Wyelands Bank has since published a statement on its website confirming that its deposit accounts have been closed and that depositors were repaid on 17 March. Wyelands have instructed any depositors who have not received their funds to contact their Customer Service team.</p><p>Wyelands remains authorised by the PRA and regulated by the PRA and the FCA; however, as shown on the Financial Services Register, its permission to perform regulated activities is subject to limitations.</p> answering member printed Lord Agnew of Oulton question first answered 31/03/2021 14:10:32 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	3869 label Biography information for Lord Myners

1314987

	registered interest
	date	17/05/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Wyelands Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they plan to hold an inquiry into (1) the granting of a banking licence to Wyelands Bank, and (2) its subsequent supervision by the Prudential Regulation Authority.
	tabling member printed	Lord Myners
	uin	HL292
	answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>Since the financial crisis, we have implemented sweeping reforms to financial regulation. Through the Financial Services Act 2012, we dismantled the failed tripartite system, and replaced it with a set of regulators with clear objectives and responsibilities, with the Prudential Regulation Authority (PRA) responsible for the prudential supervision of the UK banking sector, and the Financial Conduct Authority (FCA) for ensuring proper conduct in line with UK financial regulations.</p><p>Wyelands Bank remains authorised by the PRA and regulated by the PRA and the FCA; however, as shown on the Financial Services Register, its permission to perform regulated activities is subject to limitations.</p><p>Although HM Treasury does not comment on supervisory matters, we continuously monitor risks across the financial sector and escalate our response where appropriate in coordination with the independent financial authorities – the FCA, PRA and Bank of England – as well as relevant government departments.</p><p> </p><p> </p> answering member printed Lord Agnew of Oulton question first answered 27/05/2021 14:55:29 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	3869 label Biography information for Lord Myners

600963

	registered interest
	date	13/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	World War I: Debts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, following the announcement by the Chancellor of the Exchequer in October 2014 that they were planning to pay off some debts from World War One, how much has been paid off to date, and how much is still outstanding.
	tabling member printed	Lord Laird
	uin	HL2303
	answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The Chancellor of the Exchequer announced on 3 December 2014 that the government would adopt a strategy to remove the remaining undated gilts in the government’s debt portfolio, thus repaying all the nation’s First World War debt.</p><p> </p><p>Three of the eight undated gilts that remained in the government’s portfolio in 2014 were issued to fund the First World War: the 4% Consolidated Loan, 3½% War Loan and 3½% Conversion Loan. These were redeemed in 2015, on 1 February, 9 March and 1 April respectively.</p><p> </p><p>Almost 99% of the amount due has been repaid to date. Due to the age of the records relating to undated gilts, the registrar has not been able to contact all holders. However, the government has thus repaid the vast majority of the nation’s First World War debt.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 12:35:02 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2479 label Biography information for Lord Laird

621123

	registered interest
	date	25/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	World War I: Debts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, further to the Written Answer by Lord Young of Cookham on 25 October (HL2303), what proportion of the redemptions were made to the US, and when.
	tabling member printed	Lord Laird
	uin	HL2640
	answer	answer is ministerial correction date of answer 08/11/2016 answer text <p>The War Bonds referenced in HL2303 were largely held by British citizens, and originally sold by the government as a way to support the war effort. One of these, the 3½ War Loan, was the most widely held gilt, with more than 120,000 holders at the time of redemption, of which 97,000 held less than £1,000 nominal. The Treasury does not hold detailed information on the identity of underlying individuals or organisations who own gilts. In any case, information relating to who may have received payment in respect of the redemption of these gilts is not reflective of who may have originally contributed to the war effort as the bonds have been freely traded in the intervening period. However, I can confirm that £2.3 million was repaid to registered holders with an address in the United States (0.09% of the total amount outstanding at the time of redemption).</p> answering member printed Lord Young of Cookham question first answered 08/11/2016 15:56:41 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2479 label Biography information for Lord Laird

632427

	registered interest
	date	08/11/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	World War I: Debts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they owe any money to the government of the United States as a result of purchase of armaments and other equipment during the First World War; and if so, how much they owe and what are the arrangements for repayment.
	tabling member printed	Lord Laird
	uin	HL3095
	answer	answer is ministerial correction date of answer 22/11/2016 answer text <p>The United Kingdom owed around £850 million to the United States for activities in the First World War. However, in 1931 the United States proposed a temporary moratorium on all War debts, to allow for negotiations on debt repayment. Following negotiations, no satisfactory agreement was reached and as such, repayments were cancelled between the United Kingdom and United States. The last repayment from the United Kingdom to the United States for debt from the First World War was made in the financial year 1932-33.</p> answering member printed Lord Young of Cookham question first answered 22/11/2016 15:57:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2479 label Biography information for Lord Laird

1110704

	registered interest
	date	09/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	World Economy
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of a recent International Monetary Fund forecast regarding the impact of a no-deal Brexit as a risk to global economic growth.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15168
	answer	answer is ministerial correction date of answer 25/04/2019 answer text <p>The government has not assessed the International Monetary Fund’s World Economic Outlook April 2019 publication. The IMF is an independent organisation. Their analysis of the UK and global economy represents their own views.</p> answering member printed Lord Young of Cookham question first answered 25/04/2019 10:52:11 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1175177

	registered interest
	date	21/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	World Economic Forum
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government how many Ministers or officials will be attending the 2020 World Economic Forum in Davos.
	tabling member printed	Lord Kennedy of Southwark
	uin	HL640
	answer	answer is ministerial correction date of answer 04/02/2020 answer text <p>The 2020 Annual Meetings of the World Economic Forum took place from 21-24 January in Davos.</p><p> </p><p>The Rt Hon Sajid Javid MP, Chancellor of the Exchequer, was the only Minister to attend this year. The Chancellor was accompanied by two Special Advisers and two officials.</p><p> </p><p>Sir Edward Lister, Prime Minister’s Chief Strategic Adviser and Antonia Romeo, the Permanent Secretary at the Department for International Trade, were also in attendance.</p> answering member printed The Earl of Courtown question first answered 04/02/2020 14:01:12 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4153 label Biography information for Lord Kennedy of Southwark

678221

	registered interest
	date	24/01/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	World Economic Forum
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what was the total cost of all UK Government attendance expenses for the Davos Summit.
	tabling member printed	Lord Palmer
	uin	HL4950
	answer	answer is ministerial correction date of answer 06/02/2017 answer text The Prime Minister, the Chancellor of the Exchequer and the Secretary of State for International Trade represented the Government at the 2017 Davos summit. Total verified UK Government attendance costs are not yet available. As part of the Government’s transparency agenda, total costs for Ministerial visits are published quarterly and the information requested is under preparation. It will form part of the next set of Departmental returns for the first quarter of 2017. answering member printed Baroness Neville-Rolfe question first answered 06/02/2017 11:45:21 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	3192 label Biography information for Lord Palmer

1002196

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by HMRC Real Time Information record, who earnt below £11,850 were contributing at work to a net pay pension scheme.
	tabling member printed	Baroness Altmann
	uin	HL11217
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> answering member printed Lord Bates grouped question UIN HL11218 question first answered 19/11/2018 16:21:02 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

1002197

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by the HMRC Real Time Information record, are contributing at work to a relief at source pension scheme.
	tabling member printed	Baroness Altmann
	uin	HL11218
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> answering member printed Lord Bates grouped question UIN HL11217 question first answered 19/11/2018 16:21:02 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann