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172715
star this property registered interest false more like this
unstar this property date less than 2015-01-08more like thismore than 2015-01-08
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Public Finance more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what was the annual budget deficit and what was the structural deficit for each of the last 20 years; and what is their estimate of those figures for the current year and the next two years. more like this
star this property tabling member printed
Lord Greaves more like this
star this property uin HL4035 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-01-14more like thismore than 2015-01-14
star this property answer text <p>&quot;The independent Office for Budget Responsibility publishes this information in its ‘public finances databank’, the deficit being ‘Public sector net borrowing’ (PSNB) and the structural deficit being ‘Cyclically-adjusted net borrowing’ (CANB). The data are set out in the table below:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p>£bn</p></td><td><p>1994-95</p></td><td><p>1995-96</p></td><td><p>1996-97</p></td><td><p>1997-98</p></td><td><p>1998-99</p></td><td><p>1999-00</p></td><td><p>2000-01</p></td><td><p>2001-02</p></td></tr><tr><td><p>PSNB</p></td><td><p>43.8</p></td><td><p>35.3</p></td><td><p>27.7</p></td><td><p>5.8</p></td><td><p>-4.6</p></td><td><p>-14.8</p></td><td><p>-17.2</p></td><td><p>0.6</p></td></tr><tr><td><p>CANB</p></td><td><p>37.8</p></td><td><p>25.6</p></td><td><p>24</p></td><td><p>14.1</p></td><td><p>7.9</p></td><td><p>-1</p></td><td><p>-5.1</p></td><td><p>7.7</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td><p>£bn</p></td><td><p>2002-03</p></td><td><p>2003-04</p></td><td><p>2004-05</p></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>PSNB</p></td><td><p>26.6</p></td><td><p>31.5</p></td><td><p>43.6</p></td><td><p>41</p></td><td><p>36.3</p></td><td><p>40.3</p></td><td><p>100.3</p></td><td><p>153</p></td></tr><tr><td><p>CANB</p></td><td><p>27.2</p></td><td><p>36.4</p></td><td><p>52.3</p></td><td><p>48.8</p></td><td><p>44.7</p></td><td><p>58.3</p></td><td><p>99.5</p></td><td><p>121.9</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td><p>£bn</p></td><td><p>2011-12</p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td> </td><td> </td></tr><tr><td><p>PSNB</p></td><td><p>112.4</p></td><td><p>119.4</p></td><td><p>97.5</p></td><td><p>91.3</p></td><td><p>75.9</p></td><td><p>40.9</p></td><td> </td><td> </td></tr><tr><td><p>CANB</p></td><td><p>81.8</p></td><td><p>86.2</p></td><td><p>70.6</p></td><td><p>77.4</p></td><td><p>68</p></td><td><p>34.8</p></td><td> </td><td> </td></tr></tbody></table><p> </p><p> </p><p> </p><p>The outturn years are consistent with data published by the Office for National Statistics and the forecast years consistent with the ‘Economic and fiscal outlook’ published by the Office for Budget Responsibility in December 2014.</p><p> </p>
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2015-01-14T17:34:10.423Zmore like thismore than 2015-01-14T17:34:10.423Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2569
unstar this property label Biography information for Lord Greaves more like this
1133783
star this property registered interest false more like this
unstar this property date less than 2019-06-20more like thismore than 2019-06-20
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Gambling: Taxation more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what gambling activities are subject to (1) value-added tax, and (2) gross profits tax; and how much value-added tax was collected from adult gaming centres in England and Wales in (a) 2017, and (b) 2018. more like this
star this property tabling member printed
Lord Browne of Belmont more like this
star this property uin HL16534 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-03more like thismore than 2019-07-03
star this property answer text <p>(1) Almost all gambling activities are exempt from value added tax (VAT). However, VAT does apply to prize machines that offer non-cash prizes only. Such machines are not typically located in adult gaming centres.</p><p> </p><p>(2) There are seven Gambling Duties. Of these, six are based broadly on a gross profits tax model. The seventh, Lottery Duty is based on a percentage of the value of ticket sales.</p><p> </p><p>Total receipts from Betting and Gaming are published on the UK Trade Information website. A separate breakdown for value added tax collected from adult gaming centres in England and Wales is not available.</p> more like this
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-07-03T12:01:46.77Zmore like thismore than 2019-07-03T12:01:46.77Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
unstar this property tabling member
3801
unstar this property label Biography information for Lord Browne of Belmont more like this
1130253
star this property registered interest false more like this
unstar this property date less than 2019-06-05more like thismore than 2019-06-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Mortgages more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the consequences for depositor protection and financial stability from the number of lenders offering residential property mortgage loans at 95 per cent of value or higher; and what options are open to (1) them, (2) the Bank of England, and (3) the Prudential Regulation Authority, to protect depositors and ensure financial stability. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16114 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC noted in their November 2018 Financial Stability Report that the share of households with high mortgage debt-servicing ratios (DSRs) is close to historical lows. The FPC has powers of direction to place limits on the proportion of new mortgages that a bank can extend at high LTV ratios, if it judges that this is required to mitigate financial stability risks.</em></p><p><em> </em></p><em> </em><p><em>While the Bank therefore has powers to tackle these risks, the Financial Services Compensation Scheme (FSCS), set up by the Government in 2001, also provides a key role in ensuring financial stability and protecting depositors. The FSCS provides deposit protection of up to £85,000 per person, per authorised firm. The Financial Services Markets Act 2000 gives powers to the regulators, including the Prudential Regulation Authority (PRA) to make the rules in which FSCS carries out its compensation function.</em></p><p> </p>
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-19T16:43:39.46Zmore like thismore than 2019-06-19T16:43:39.46Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
unstar this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130250
star this property registered interest false more like this
unstar this property date less than 2019-06-05more like thismore than 2019-06-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Financial Markets more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have reviewed the market liquidity in the subprime sterling bond market in the context of increased bond issuance. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16111 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC set out its most recent assessment of financial stability risks, including from the sterling bond market, in its March 2019 Policy Summary, in which it noted that post-crisis reforms have made dealers, on which some markets rely, more resilient, reducing the probability that market-making losses could lead to their distress or failure. In addition, the FPC noted that during the more recent period of volatility at the end of 2018, pension funds and insurers had acted as net buyers of sterling corporate bonds. Notwithstanding this, new business models mean that liquidity conditions in corporate debt markets could change quickly in event of stress.</em> <em>However, overall the FPC judged that markets had proved able to function effectively through volatile periods, and the strength of the core financial system, including banks, dealers and insurance companies, would support the functioning of markets on which the economy relied.</em></p>
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-19T16:43:32.243Zmore like thismore than 2019-06-19T16:43:32.243Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
unstar this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1063559
star this property registered interest false more like this
unstar this property date less than 2019-02-18more like thismore than 2019-02-18
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Gambling: Internet more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what estimate they have made of the amount of revenue that was raised from online gambling in each year between 2010 and 2018. more like this
star this property tabling member printed
Lord Smith of Hindhead more like this
star this property uin HL13797 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-04more like thismore than 2019-03-04
star this property answer text <p><strong></strong>No separate estimate of revenue raised from online gambling has been made, as this information isn’t recorded on trader returns or cash receipts. HMRC publish information on total receipts from all of the betting &amp; gaming duties, including General Betting Duty (GBD), Remote Gaming Duty (RGD) &amp; Machine Games Duty (MGD).</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2019-03-04T14:10:54.653Zmore like thismore than 2019-03-04T14:10:54.653Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
4542
unstar this property label Biography information for Lord Smith of Hindhead more like this
164237
star this property registered interest false more like this
unstar this property date less than 2014-11-21more like thismore than 2014-11-21
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading EU External Trade: Tunisia more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government whether duties on goods from Tunisia entering the European Union have been eliminated; and if not, to what extent they will be reduced in the coming year. more like this
star this property tabling member printed
Lord Hylton more like this
star this property uin HL3067 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-12-05more like thismore than 2014-12-05
star this property answer text <p><strong>Following the signing of an Association Agreement with the EU in 1995, the import Tariffs on industrial products originating from Tunisia have been eliminated. The same Agreement also resulted in greater liberalisation in the Tariffs on agricultural and fishery products.<br> <br> A preparatory process for launching negotiations on a Deep and Comprehensive Free Trade Area (DCFTA) is on-going.</strong></p><p> </p> more like this
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-12-05T14:58:25.607Zmore like thismore than 2014-12-05T14:58:25.607Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
2018
unstar this property label Biography information for Lord Hylton more like this
164234
star this property registered interest false more like this
unstar this property date less than 2014-11-21more like thismore than 2014-11-21
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Financial Services: ICT more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what representations they are making to the financial services industry to ensure that the information technology infrastructure is fit for purpose. more like this
star this property tabling member printed
Lord Kennedy of Southwark more like this
star this property uin HL3064 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-12-05more like thismore than 2014-12-05
star this property answer text <p><strong>Responsibility for information technology infrastructure in the UK finance sector is primarily for the firms themselves. The Financial Authorities have a role to play in supporting, coordinating and driving change to improve the operational resilience of the sector.</strong><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong>In addition to on-going supervisory oversight of technology risk within firms by the Authorities, the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) jointly launched, in October 2014, a review of firms’ critical infrastructure and technology resilience. The review </strong><strong>focuses on the most significant UK retail deposit-taking organisations and is expected to conclude in mid-2015.</strong> <strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p> more like this
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-12-05T14:59:57.813Zmore like thismore than 2014-12-05T14:59:57.813Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
4153
unstar this property label Biography information for Lord Kennedy of Southwark more like this
170228
star this property registered interest false more like this
unstar this property date less than 2014-12-15more like thismore than 2014-12-15
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Money Laundering: EU Action more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of the progress of current negotiations on the proposed 4th European Union Directive on money laundering as regards risk assessment and consequent enhanced due diligence for United Kingdom Politically Exposed Persons. more like this
star this property tabling member printed
Lord Clement-Jones more like this
star this property uin HL3724 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-12-22more like thismore than 2014-12-22
star this property answer text <p><strong>The Government has advocated a risk-based approach to “politically exposed persons” domestically, through negotiations on the Directive.</strong></p><p> </p><p><strong>In the UK, this would require treating UK PEPs, such as UK Parliamentarians, on the basis of risk when undertaking customer due diligence. Enhanced due diligence would only apply if the business relationship is assessed as high risk.</strong></p><p> </p><p><strong>Political agreement between the Presidency, the European Parliament and the Commission on the Directive was reached on 16 December. We expect the Italian Presidency to provide further details shortly. </strong></p><p> </p><p> </p> more like this
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-12-22T14:45:24.487Zmore like thismore than 2014-12-22T14:45:24.487Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
3396
unstar this property label Biography information for Lord Clement-Jones more like this
106155
star this property registered interest false more like this
unstar this property date less than 2014-11-04more like thismore than 2014-11-04
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Public Expenditure more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of the effect on the budgets of the Scottish Government, the Welsh Government and the Northern Ireland Executive of equalisation of public expenditure per head of population throughout the United Kingdom. more like this
star this property tabling member printed
Lord Empey more like this
star this property uin HL2627 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-11-17more like thismore than 2014-11-17
star this property answer text <p><strong>The Government has not made such an assessment. The leaders of the three main UK political parties have indicated that the Barnett formula will continue to operate. </strong></p><p> </p> more like this
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-11-17T12:44:24.297Zmore like thismore than 2014-11-17T12:44:24.297Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
4216
unstar this property label Biography information for Lord Empey more like this
105755
star this property registered interest false more like this
unstar this property date less than 2014-11-03more like thismore than 2014-11-03
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Public Expenditure: Northern Ireland more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government when they informed the Northern Ireland Executive of their annual financial settlement for financial year 2015–16; and what was that amount. more like this
star this property tabling member printed
Lord Empey more like this
star this property uin HL2571 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-11-17more like thismore than 2014-11-17
star this property answer text <p><strong>The Northern Ireland Executive were informed of their allocations for 2015-16 as part of the 2013 spending round in June 2013. The allocations made as part of the spending round are shown in the table below.</strong></p><p> </p><p><strong> </strong></p><p> </p><table><tbody><tr><td> </td><td><p><strong>2015-16</strong></p><p><strong>£ million</strong></p></td></tr><tr><td><p><strong>Fiscal Resource DEL</strong></p></td><td><p>9,622</p></td></tr><tr><td><p><strong>Ring-fenced depreciation</strong></p></td><td><p>404</p></td></tr><tr><td><p><strong>Ring-fenced Student Loans</strong></p></td><td><p>141</p></td></tr><tr><td><p><strong>Capital DEL</strong></p></td><td><p>956</p></td></tr><tr><td><p><strong>Financial Transactions Capital</strong></p></td><td><p>104</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p> </p><p><strong>Northern Ireland Executive budgets have been adjusted at subsequent Budgets and Autumn Statements to reflect Barnett consequentials flowing from those events.</strong></p><p> </p>
unstar this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-11-17T14:07:47.387Zmore like thismore than 2014-11-17T14:07:47.387Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
unstar this property tabling member
4216
unstar this property label Biography information for Lord Empey more like this