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1699276

	registered interest
	date	27/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Finance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether any work is underway to prepare for a fiscal event outside of the usual Treasury timetable.
	tabling member printed	Lord Browne of Ladyton
	uin	HL3659
	answer	answer is ministerial correction date of answer 08/04/2024 answer text <p>The Treasury develops policy throughout the year, in line with the Chancellor’s priorities and regardless of whether a date for a fiscal event has been announced.</p><p>The government is required by law to commission the Office for Budget Responsibility (OBR) to produce two forecasts per year and to hold a Budget each fiscal year.</p><p>The Chancellor has not announced the date of the next fiscal event.</p> answering member printed Baroness Vere of Norbiton question first answered 08/04/2024 14:17:14 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	620 label Biography information for Lord Browne of Ladyton

796009

	registered interest
	date	28/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	EU Staff: Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of their liability to continue to contribute towards the pensions of retired EU officials after Brexit; and what is their estimate of the cost of any such liability.
	tabling member printed	Baroness Deech
	uin	HL3659
	answer	answer is ministerial correction date of answer 12/12/2017 answer text Following on from the Prime Minister’s speech in Florence, the <em>Joint report on progress during phase 1 of negotiations under Article 50 TEU on the UK’s orderly withdrawal from the EU </em>lays down the methodology agreed for calculating the financial settlement.<p> </p><p>The UK will contribute its share of the financing of the Union’s liabilities incurred before 31 December 2020, including pensions, as they fall due.</p><p> </p><p>The current liability associated with pensions is given in the <em>Annual Accounts of the European Union 2016</em>. As the <em>Joint Report</em> states, this liability has a long time-span and the forecast of its net present value depends on a number of assumptions and is sensitive to, in particular, the real discount rate, which has a historically low value at the time of drafting of the report.</p> answering member printed Lord Bates question first answered 12/12/2017 16:39:35 answering member 1091 label Biography information for Lord Bates
	tabling member	3756 label Biography information for Baroness Deech