Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1715449

	registered interest
	date	01/05/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Police and Crime Commissioners: Security
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether His Majesty’s Revenue and Customs have issued any guidance to Police and Crime Commissioners concerning the taxation of their home security.
	tabling member printed	Lord Wasserman
	uin	HL4310
	answer	answer is ministerial correction date of answer 09/05/2024 answer text His Majesty’s Revenue and Customs cannot comment on the guidance issued to taxpayers on individual cases, including to Police and Crime Commissioners on the taxation of their home security. answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 12:15:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4207 label Biography information for Lord Wasserman

1715064

	registered interest
	date	30/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what assessment they have made of the impact of HMRC's reported customer service issues on tax compliance among small businesses; and what steps they are taking to mitigate this impact.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4245
	answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>Small businesses play a vital role in the UK economy. The majority want to meet their obligations and pay their fair share of tax, but many struggle to understand tax rules, lack confidence and find the process of complying burdensome. In response, HMRC is investing in approaches to help support including simplifying guidance whilst Making Tax Digital for VAT and data analytics have helped reduce errors. HMRC is also targeting investigations at those who bend or break the rules to help create a level playing field for the honest majority.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 12:14:35 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713995

	registered interest
	date	25/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax: Fraud
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what is their latest estimate of the amount of income tax lost to fraud each year.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL4102
	answer	answer is ministerial correction date of answer 07/05/2024 answer text <p>HMRC does not publish a stand-alone estimate of the Income tax gap arising from fraud.</p><p> </p><p>However, ‘Measuring tax gaps 2023 edition’, published in June 2023, shows a reduction in the Income Tax, National Insurance contributions and Capital Gains Tax gap as a percentage of the theoretical tax liability from 4.5% in 2005-2006 to 3.0% in 2021-2022. The publication also provides illustrative estimates for fraud that are included in the criminal attacks and evasion components, plus a proportion of hidden economy and non-payment.</p> answering member printed Baroness Vere of Norbiton question first answered 07/05/2024 12:31:19 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

1714009

	registered interest
	date	25/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debt Collection
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what plans they have to regulate identity tracing agencies in relation to the recovery of debt.
	tabling member printed	The Lord Bishop of Southwark
	uin	HL4116
	answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>The Government wants to see fair treatment of individuals in problem debt, and there is a range of work underway across government and regulators to promote responsible practices for debt recovery.</p><p> </p><p>The Financial Conduct Authority (FCA) regulates the collection of debt by lenders and certain debt collection agencies arising under credit agreements, consumer hire agreements and peer-to-peer loans. The FCA sets clear expectations for firms undertaking the collection of these debts, including the expectation for firms to establish the correct identity, where this is disputed.</p><p> </p><p>On 18 March 2024 the UK Regulators Network (UKRN), including the FCA, Ofgem, Ofwat and Ofcom, published joint guidance which sets out their expectations for firms’ debt collection practices across their respective sectors. This is to ensure that firms support customers in debt and that firms’ collection practices are not causing harm to customers.</p> answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 15:27:31 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4345 label Biography information for The Lord Bishop of Southwark

1714013

	registered interest
	date	25/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	New Businesses
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to recent data released by S&P Global showing that April had the fastest rise in business activity since last May, what steps they are taking to sustain this momentum and ensure continued economic growth.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4120
	answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>The government is continuing to pursue an ambitious policy agenda to increase sustainable economic growth and productivity across the economy. This includes making full expensing permanent, announcing measures to boost labour supply, backing the UK’s priority growth sectors, and addressing long-term barriers to investment through planning and grid connection reforms.</p><p> </p><p>The IMF forecasts that the UK will have the third fastest cumulative growth in the G7 over the 2024-2029 period and the OBR expects that policies announced in the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL4056 question first answered 01/05/2024 16:19:41 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713712

	registered interest
	date	24/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Goldman Sachs
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether they have assessed the consequences for the UK economy of Goldman Sachs moving its head of financial institutions for Europe, the Middle East and Africa from London to Paris.
	tabling member printed	Lord Birt
	uin	HL4062
	answer	answer is ministerial correction date of answer 02/05/2024 answer text Financial and related professional services employ more than 2 million people in the UK and the Government is committed to ensuring the UK remains the location of choice for leading talent from across the world. This is part of the Government’s mission to ensure the UK retains its position as one of the most innovative and competitive financial centres in the world. Most recently, at Spring Budget 2024, the Chancellor updated on the ambitious package of reforms which will help to deliver the Government’s vision for a financial sector that is open, sustainable, technologically innovative, and globally competitive. answering member printed Baroness Vere of Norbiton question first answered 02/05/2024 11:29:40 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	2533 label Biography information for Lord Birt

1713736

	registered interest
	date	24/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what steps they are taking to reduce public sector debt from its current level of 98.3 per cent of GDP.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4086
	answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>The government is committed to sustainable public finances and reducing debt, while cutting taxes and boosting economic growth. This will involve managing public spending responsibly and increasing productivity through the Public Sector Productivity Programme, while maintaining high-quality public services.</p><p> </p><p>The government’s fiscal mandate is for Public Sector Net Debt excluding the Bank of England to fall as a percentage of GDP by the fifth year of the rolling forecast. In March, the independent Office for Budget Responsibility confirmed the government is on track to meet this rule, with debt falling from 93.2% (2027-28) to 92.9% (2028-29). Public sector net debt (“headline debt”) is also forecast to fall from 98.3% of GDP this year, to 94.3% in 2028-29.</p> answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 15:27:06 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713737

	registered interest
	date	24/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Interest Rates
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what steps they are taking to support the extension of long-term fixed-rate mortgage options to borrowers.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4087
	answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene.</p><p> </p><p>However, lenders in the UK already do offer this type of mortgage product, and those looking to take out a long-term fixed rate mortgage are encouraged to shop around and speak to a broker to find the best possible product for them.</p> answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 15:26:45 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713314

	registered interest
	date	23/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inflation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what plans they have to address the impact of rising inflation on household budgets while stimulating consumer spending, given the stagnation of retail sales between February and March.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4055
	answer	answer is ministerial correction date of answer 02/05/2024 answer text <p>The government is fully committed to supporting the Bank get inflation back down to the 2% target, including by keeping borrowing under control. Inflation has also come down significantly, to less than half its 2022 peak.</p><p> </p><p>Over the past two years, the government has provided support to help households with the cost of living totalling £96 billion – an average of £3400 per UK household. Further support announced by the government for 2024-25 includes extending the Household Support Fund, cutting National Insurance Contributions (NICs) and raising the National Living Wage (NLW).</p><p> </p><p> </p><p>ONS retail sales growth was flat in March, following growth of 0.1% in February. However, due to a significant rebound in January, retail sales increased by 1.9% on the quarter. This represents the strongest quarterly growth since Q2 2021.</p> answering member printed Baroness Vere of Norbiton question first answered 02/05/2024 11:29:03 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713315

	registered interest
	date	23/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inflation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following recent remarks from the deputy governor of the Bank of England, Dave Ramsden, that inflation could remain around the two per cent target for the next three years, what steps they are taking to ensure sustainable economic growth in this environment.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4056
	answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>The government is continuing to pursue an ambitious policy agenda to increase sustainable economic growth and productivity across the economy. This includes making full expensing permanent, announcing measures to boost labour supply, backing the UK’s priority growth sectors, and addressing long-term barriers to investment through planning and grid connection reforms.</p><p> </p><p>The IMF forecasts that the UK will have the third fastest cumulative growth in the G7 over the 2024-2029 period and the OBR expects that policies announced in the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL4120 question first answered 01/05/2024 16:19:41 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick