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1149828

	registered interest
	date	15/10/2019
	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 when the FCA processed the FSMA full Part A application made by Collateral (UK) Limited on 23 March 2016, for which Collateral paid a fee of £1,500, whether it checked the information already contained in its Interim Permission file 656714; and whether it checked details on Collateral at Companies House and the date of Collateral's incorporation in respect of the date of grant of Interim Permission.
	tabling member printed	Lord Myners
	uin	HL120
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The FCA is responsible for the regulation of the financial services sector and 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, and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown grouped question UIN HL46 question first answered 22/10/2019 14:41:22 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners

1149831

	registered interest
	date	15/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debit Cards: Fees and Charges
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to review debit card charges for retailers such as vehicle retailers which deal in high value transactions.
	tabling member printed	Baroness Randerson
	uin	HL123
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The Government set up the Financial Conduct Authority (FCA) to protect consumers from the harm that can be caused by bad conduct in the financial services industry. In 2015, it also set up the world’s only Payment Systems Regulator (PSR) with a statutory objective to ensure that payment systems are operated in a way that takes account of users’ needs.</p><p> </p><p>The FCA is the UK’s competent authority for the Payment Services Regulations (PSRs) 2017. The PSRs aim to make payments safer and more secure and protect consumers. As set out in these regulations, if a payment transaction (be that a bank transfer or debit card payment) is not properly authorised by the customer, the customer’s bank or payment service provider must refund the amount of the transaction to the payer. For authorised payment scams, where the customer has authorised a bank transfer but the money has been paid to a fraudulent recipient, the PSR has brought together consumer representatives and banks to produce an industry code of conduct to address this issue. Launched in May 2019, the code sets out agreed principles for greater protection of consumers and the circumstances in which they will be reimbursed, marking a significant step in delivering improved protections for customers.</p><p> </p><p>Regarding debit card charges, the UK implemented the EU’s Interchange Fee Regulation in 2015 which introduced a cap on one of the key fees applicable to card payments. The European Commission is in the process of reviewing the effectiveness of this regulation as part of its usual process. The PSR, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services.</p><p> </p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its Call for Evidence on Cash and Digital Payments in the New Economy. answering member printed The Earl of Courtown grouped question UIN HL124 question first answered 22/10/2019 15:13:29 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4230 label Biography information for Baroness Randerson

1149832

	registered interest
	date	15/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Funds Transfer: Retail Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made how the rights of, and protection for, customers and retailers are affected when high-value goods are purchased using bank transfers rather than debit cards.
	tabling member printed	Baroness Randerson
	uin	HL124
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The Government set up the Financial Conduct Authority (FCA) to protect consumers from the harm that can be caused by bad conduct in the financial services industry. In 2015, it also set up the world’s only Payment Systems Regulator (PSR) with a statutory objective to ensure that payment systems are operated in a way that takes account of users’ needs.</p><p> </p><p>The FCA is the UK’s competent authority for the Payment Services Regulations (PSRs) 2017. The PSRs aim to make payments safer and more secure and protect consumers. As set out in these regulations, if a payment transaction (be that a bank transfer or debit card payment) is not properly authorised by the customer, the customer’s bank or payment service provider must refund the amount of the transaction to the payer. For authorised payment scams, where the customer has authorised a bank transfer but the money has been paid to a fraudulent recipient, the PSR has brought together consumer representatives and banks to produce an industry code of conduct to address this issue. Launched in May 2019, the code sets out agreed principles for greater protection of consumers and the circumstances in which they will be reimbursed, marking a significant step in delivering improved protections for customers.</p><p> </p><p>Regarding debit card charges, the UK implemented the EU’s Interchange Fee Regulation in 2015 which introduced a cap on one of the key fees applicable to card payments. The European Commission is in the process of reviewing the effectiveness of this regulation as part of its usual process. The PSR, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services.</p><p> </p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its Call for Evidence on Cash and Digital Payments in the New Economy. answering member printed The Earl of Courtown grouped question UIN HL123 question first answered 22/10/2019 15:13:29 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4230 label Biography information for Baroness Randerson

1149833

	registered interest
	date	15/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board: Interest Rates
	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 interest rate rises announced by the Public Works Loan Board.
	tabling member printed	Baroness Scott of Needham Market
	uin	HL125
	answer	answer is ministerial correction date of answer 29/10/2019 answer text In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. Local authorities continue to benefit from very favourable interest rates on Public Works Loan Board loans. This increase returned Public Works Loan Board rates to levels that were available in 2018.<p> </p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their financial position. answering member printed The Earl of Courtown question first answered 29/10/2019 15:42:34 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2542 label Biography information for Baroness Scott of Needham Market

1149841

	registered interest
	date	15/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taking Control of Goods (Fees) Regulations 2014
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the Taking Control of Goods (Fees) Regulations 2014 have ensured that VAT is no longer applied to debts enforced under a High Court judgment; and if not, what steps they will take to resolve this.
	tabling member printed	Lord Stevenson of Balmacara
	uin	HL133
	answer	answer is ministerial correction date of answer 29/10/2019 answer text <p>Debt collection services carried out by High Court Enforcement Officers are subject to VAT according to the normal rules and any VAT due is payable by the creditor who receives the service. The debtor is not required to pay the VAT.</p><p> </p><p>HM Revenue and Customs are working with the Ministry of Justice, which is responsible for the Taking Control of Goods (Fees) 2014 Regulations, to ensure that VAT rules continue to be applied correctly.</p><p><strong> </strong></p> answering member printed The Earl of Courtown question first answered 29/10/2019 15:42:53 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4175 label Biography information for Lord Stevenson of Balmacara

1149847

	registered interest
	date	15/10/2019
	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 Her Majesty's Government what assessment they have made of the prediction by the Institute for Fiscal Studies that a no-deal Brexit would increase borrowing to £92 billion a year and total debt as a share of national income would rise by 2024 to 83 per cent.
	tabling member printed	Lord Taylor of Warwick
	uin	HL139
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The government’s medium-term economic and fiscal forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy. The OBR has said that it will adjust its Brexit assumptions when more detail is available on the future trade and migration relationship between the UK and EU.</p><p> </p><p>The Office for Budget Responsibility will produce a new economic and fiscal forecast at the forthcoming Budget.</p> answering member printed The Earl of Courtown question first answered 22/10/2019 15:14:02 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1149803

	registered interest
	date	15/10/2019
	answering body	Scotland Office
	answering dept id	2
	answering dept short name	Scotland
	answering dept sort name	Scotland
	hansard heading	Devolution: Scotland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have received any requests from the Scottish Government for additional powers to be devolved to the Scottish Parliament in the last six months.
	tabling member printed	Lord Foulkes of Cumnock
	uin	HL95
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The Secretary of State for Scotland has regular discussions with the Scottish Government on a range of issues. I can confirm that the UK Government have not received any requests from the Scottish Government for additional powers to be devolved to the Scottish Parliament in the last six months.</p> answering member printed Viscount Younger of Leckie question first answered 22/10/2019 14:39:51 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	579 label Biography information for Lord Foulkes of Cumnock

1149791

	registered interest
	date	15/10/2019
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Sovereignty: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to promote to the people of Northern Ireland the benefits of Northern Ireland forming part of the UK.
	tabling member printed	Lord Caine
	uin	HL83
	answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>This Government has made clear on many occasions that we will never be neutral in expressing our support for the Union. Our steadfast belief is that Northern Ireland’s future is best served within a stronger United Kingdom.</p><p> </p><p>The Government and this Department is fully committed to the constitutional integrity of the United Kingdom. Our union is strongest when each of its constituent parts is strong and working together. We remain focussed on ensuring the interests of each nation are fully represented within our union, strengthening the links between our economies and continuing to deliver strong and sustainable devolution.</p><p> </p><p> </p><p> </p> answering member printed Lord Duncan of Springbank grouped question UIN HL85 HL86 question first answered 17/10/2019 15:29:38 answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	4581 label Biography information for Lord Caine

1149792

	registered interest
	date	15/10/2019
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Sovereignty: Northern Ireland
	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 economic benefits to Northern Ireland of being a part of the UK.
	tabling member printed	Lord Caine
	uin	HL84
	answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>The UK Government believes strongly in upholding the constitutional integrity of the United Kingdom - our four nations are safer, stronger and more prosperous together.</p><p> </p><p>Northern Ireland benefits from being part of the world’s sixth largest economy. The UK’s integrated internal market means there are no barriers to doing business for companies and people trading across the nations within the UK – creating jobs and prosperity across the country.</p><p> </p><p>Northern Ireland also benefits from the highest public spending per head (£11,190) in the UK - around 20% (£1,883) higher than the UK spend per head (£9,159).</p><p> </p><p>Moreover, over half (53%) of all external sales from Northern Ireland are to the rest of the UK, and half of external visitors to Northern Ireland are from the rest of the UK, with a total of 1.4million visitors in 2018.</p> answering member printed Lord Duncan of Springbank question first answered 17/10/2019 15:25:42 answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	4581 label Biography information for Lord Caine

1149793

	registered interest
	date	15/10/2019
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Sovereignty: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether promoting the benefits to Northern Ireland of being part of the UK is one of the core functions of the Northern Ireland Office.
	tabling member printed	Lord Caine
	uin	HL85
	answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>This Government has made clear on many occasions that we will never be neutral in expressing our support for the Union. Our steadfast belief is that Northern Ireland’s future is best served within a stronger United Kingdom.</p><p> </p><p>The Government and this Department is fully committed to the constitutional integrity of the United Kingdom. Our union is strongest when each of its constituent parts is strong and working together. We remain focussed on ensuring the interests of each nation are fully represented within our union, strengthening the links between our economies and continuing to deliver strong and sustainable devolution.</p><p> </p><p> </p><p> </p> answering member printed Lord Duncan of Springbank grouped question UIN HL83 HL86 question first answered 17/10/2019 15:29:38 answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	4581 label Biography information for Lord Caine