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100004
star this property registered interest false more like this
star this property date less than 2014-10-20more like thismore than 2014-10-20
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading Work Experience 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 remove filter
star this property question text To ask Her Majesty’s Government what is their assessment of the recent proposal by the Child Poverty and Social Justice Commission that unpaid internships should be illegal. more like this
star this property tabling member printed
Baroness Berridge more like this
star this property uin HL2219 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>This Government is absolutely clear: exploitation of interns is unacceptable and we don’t hesitate to act where we find that employment law has been broken and someone who is entitled to the minimum wage hasn’t been paid it.</p><p> </p><p>Complaints from interns about non-payment of the minimum wage are prioritised by HMRC for investigation and HMRC will investigate every complaint made to the Pay and Work Rights Helpline.</p><p> </p><p>Research shows that internships and work experience programmes can be valuable opportunities for young people taking their first steps in the labour market. Our work on interns and the National Minimum Wage aims to achieve the right balance between ensuring that opportunities for young people are not cut off and minimising the risk of exploitation.</p><p> </p><p>Our concern, if we were to prohibit unpaid internships, is that this may lead to employers recruiting interns through informal and privileged networks with adverse effects on social mobility or have adverse consequences on the number of available opportunities.</p><p> </p><p>There is no definition of an internship in minimum wage legislation and interns are considered in the same way as everyone else with regards to whether the minimum wage is due. The key issue is whether or not they are workers as defined by minimum wage legislation. If they are, then they are eligible for the minimum wage unless a specific exemption applies. Volunteers are not workers and are not eligible for the minimum wage.</p><p> </p><p> </p><p> </p>
star this property answering member printed Baroness Neville-Rolfe more like this
star this property question first answered
less than 2014-10-29T16:15:22.2220144Zmore like thismore than 2014-10-29T16:15:22.2220144Z
unstar this property answering member
4284
star this property label Biography information for Baroness Neville-Rolfe more like this
star this property tabling member
4218
unstar this property label Biography information for Baroness Berridge more like this
100604
star this property registered interest false more like this
star this property date less than 2014-10-23more like thismore than 2014-10-23
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading Apprentices 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 remove filter
star this property question text To ask Her Majesty’s Government how many (1) 16 year-olds, (2) 17 year-olds, and (3) 18 year-olds started apprenticeships in the academic years 2012–13 and 2013–14 in England. more like this
star this property tabling member printed
Lord Smith of Clifton more like this
star this property uin HL2335 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-10-29more like thismore than 2014-10-29
star this property answer text <p>Table 1 shows the number of apprenticeship starts for 16, 17 and 18 year olds in 2012/13 and provisional full year apprenticeship starts for the same ages in 2013/14. Provisional data are subject to change and should not be directly compared with data from earlier academic years.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p><strong>Table 1: Apprenticeship starts by age (2012/13 and 2013/14 provisional full year)</strong></p><p> </p><table><tbody><tr><td><p><strong> </strong></p></td><td><p><strong>2012/13</strong></p></td><td><p><strong>2013/14</strong></p></td></tr><tr><td><p> </p></td><td><p> </p></td><td><p>Full year</p></td></tr><tr><td><p>Age</p></td><td><p>Full year</p></td><td><p>(provisional)</p></td></tr><tr><td><p>16</p></td><td><p>25,080</p></td><td><p>25,170</p></td></tr><tr><td><p>17</p></td><td><p>35,810</p></td><td><p>38,320</p></td></tr><tr><td><p>18</p></td><td><p>53,430</p></td><td><p>54,140</p></td></tr></tbody></table><p> </p><p>Notes</p><p> </p><p>1) Volumes are rounded to the nearest 10.</p><p> </p><p>2) Age is calculated based on age at start of the programme rather than based on 31 August.</p><p> </p><p>3) Provisional data are subject to change and should not be directly compared with data from earlier academic years.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p>
star this property answering member printed Baroness Neville-Rolfe more like this
star this property question first answered
less than 2014-10-29T17:05:23.7910885Zmore like thismore than 2014-10-29T17:05:23.7910885Z
unstar this property answering member
4284
star this property label Biography information for Baroness Neville-Rolfe more like this
star this property tabling member
3144
unstar this property label Biography information for Lord Smith of Clifton more like this
101683
star this property registered interest false more like this
star this property date less than 2014-10-29more like thismore than 2014-10-29
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading EU Grants and Loans 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 remove filter
star this property question text To ask Her Majesty’s Government which United Kingdom organisations have received European Union funding in the last year from structural, cohesion or other funds. more like this
star this property tabling member printed
Lord Vinson more like this
star this property uin HL2505 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-11-05more like thismore than 2014-11-05
star this property answer text <p>The United Kingdom receives an allocation for the Structural Funds (the European Regional Development Fund and European Social Fund) but not the Cohesion Fund.</p><p> </p><p>A large number of United Kingdom organisations received European Funding under Structural Funds programmes in the last year. As these are too numerous to set down here, I have provided below details of websites which contain lists of beneficiary organisations.</p><p> </p><p>The links to the Structural Funds programmes are:</p><p> </p><p>ERDF Programmes in England: <a href="https://www.gov.uk/erdf-programmes-progress-and-achievements" target="_blank">https://www.gov.uk/erdf-programmes-progress-and-achievements</a>.</p><p> </p><p>ESF England and Gibraltar: <a href="https://www.gov.uk/government/collections/european-social-fund-2007-to-2013" target="_blank">https://www.gov.uk/government/collections/european-social-fund-2007-to-2013</a></p><p> </p><p>Devolved Administrations (ERDF &amp; ESF)</p><p> </p><p>Northern Ireland: <a href="http://www.dfpni.gov.uk/index/finance/european-funding.htm" target="_blank">http://www.dfpni.gov.uk/index/finance/european-funding.htm</a></p><p> </p><p>Scotland: <a href="http://www.scotland.gov.uk/Topics/Business-Industry/support/17404/StructuralFunds2007-2013" target="_blank">http://www.scotland.gov.uk/Topics/Business-Industry/support/17404/StructuralFunds2007-2013</a></p><p> </p><p>Wales: <a href="http://wefo.wales.gov.uk/programmes/progress/searchprojects/?lang=en" target="_blank">http://wefo.wales.gov.uk/programmes/progress/searchprojects/?lang=en</a></p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>In terms of other sources of EU funding that BIS is responsible for, this includes the Framework Programme 7 for Research &amp; Innovation with numerous participants from Higher Education, Research Organisations, Private Sector and Public bodies. Project information is not set out on the Commission website in such a way as to make it easy to identify UK recipients of EU funding in a calendar year.</p><p> </p><p> </p><p> </p><p>Another source of EU funding that BIS was responsible for was the Entrepreneurship and Innovation Programme (EIP) under the Competitiveness of Innovation and Enterprises (CIP). The latest beneficiaries report is the 2012 version. The following link will provide more information about the recipients of the programme, <a href="http://ec.europa.eu/cip/files/cip/docs/beneficiaries-report-october-2012_en.pdf" target="_blank">Beneficiaries Report October 2012 Final Version</a> – <a href="http://ec.europa.eu/cip/files/cip/docs/beneficiaries-report-october-2012.en.pdf" target="_blank">http://ec.europa.eu/cip/files/cip/docs/beneficiaries-report-october-2012.en.pdf</a></p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p>
star this property answering member printed Baroness Neville-Rolfe more like this
star this property question first answered
less than 2014-11-05T14:00:24.4236276Zmore like thismore than 2014-11-05T14:00:24.4236276Z
unstar this property answering member
4284
star this property label Biography information for Baroness Neville-Rolfe more like this
star this property tabling member
1807
unstar this property label Biography information for Lord Vinson more like this
106184
star this property registered interest false more like this
star this property date less than 2014-11-04more like thismore than 2014-11-04
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading Productivity 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 remove filter
star this property question text To ask Her Majesty’s Government, further to the Written Answer by Lord Livingston of Parkhead on 13 October (HL1890), what they consider to be the reasons for the differences between the output per worker per hour in the United Kingdom and those of the other G7 countries, as reported by the Office for National Statistics in its statistical bulletin <i>International Comparisons of Productivity—Final Estimates 2012</i>; and what plans they have to improve the United Kingdom’s relative position. more like this
star this property tabling member printed
Lord Birt more like this
star this property uin HL2655 more like this
star this property answer
answer
star 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>The most up to date productivity data for 2012 are in the table.</p><p> </p><p><strong>Current Price Productivity, 2012, G7 countries, Index UK=100</strong></p><p> </p><table><tbody><tr><td><p><strong><em> </em></strong></p></td><td><p><strong><em>Japan</em></strong></p></td><td><p><strong><em>Germany</em></strong></p></td><td><p><strong><em>Canada</em></strong></p></td><td><p><strong><em>Italy</em></strong></p></td><td><p><strong><em>France</em></strong></p></td><td><p><strong><em>US</em></strong></p></td><td><p><strong><em>UK</em></strong></p></td><td><p><strong><em>G7 excl. UK</em></strong></p></td></tr><tr><td><p><strong>GDP per worker</strong></p></td><td><p>90</p></td><td><p>108</p></td><td><p>104</p></td><td><p>116</p></td><td><p>115</p></td><td><p>140</p></td><td><p>100</p></td><td><p>120</p></td></tr><tr><td><p><strong>GDP per hour worked</strong></p></td><td><p>85</p></td><td><p>129</p></td><td><p>100</p></td><td><p>109</p></td><td><p>128</p></td><td><p>130</p></td><td><p>100</p></td><td><p>117</p></td></tr></tbody></table><p> </p><p>Source: International Comparisons of Productivity, First Estimates for 2013, ONS (Oct 2014)</p><p> </p><p>http://www.ons.gov.uk/ons/rel/icp/international-comparisons-of-productivity/2013---first-estimates/index.html</p><p> </p><p>Analysis undertaken by BIS (2012) to support Lord Heseltine’s Review of UK Competitiveness examined UK productivity in comparison to France, Germany and the USA. An analysis of productivity across all G7 countries has not yet been completed. The full analysis can be found <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/34647/12-1207-benchmarking-uk-competitiveness-in-the-global-economy.pdf" target="_blank">here</a> but the main findings were:</p><p> </p><p>The analysis decomposed the productivity gap (measured by output per hour worked) into two components:</p><p> </p><ul><li>Sector productivity effect – the share of the gap arising due to productivity in a given sector being higher in another country than in the UK.</li><li>Sector mix effect – the share of the gap arising due to employment in another country being more concentrated in high productivity sectors than in the UK.</li></ul><p> </p><p>When UK productivity is compared to France, Germany and the USA, the sector productivity effect in each of the comparator countries fully explains the gap. As such, higher productivity across almost all sectors in each of these economies accounts for the entirety of their lead over the UK. In fact, the UK’s favourable sector mix went some way towards reducing the gap, particularly against France.</p><p> </p><p>Naturally, the factors driving the gap vary by country. However, at the aggregate level, the UK tends to have lower capital per head than France and Germany and a less efficient use of inputs in production (Total Factor Productivity) than the USA (<a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32101/10-1213-economic-growth.pdf" target="_blank">BIS, 2010</a>). There is also a (smaller) gap between the UK and its major competitors in terms of skills. This is generally characterised as a gap in intermediate skills with France and Germany, and a gap in higher level skills relative to the USA.</p><p> </p><p><strong>Plans to Improve UK Productivity</strong></p><p> </p><p>Government policy focuses on delivering growth which in turn depends on productivity in the longer term. In this sense, the majority of longer run Government economic policy is ultimately about raising productivity.</p><p> </p><p>The Government’s industrial strategy and ‘The Plan for Growth’ are creating the right environment for businesses to invest and grow. This will continue to support UK long-term productivity growth.</p><p> </p><p><strong>Data Revisions</strong></p><p> </p><p>Recent changes to national accounts methodology have slightly reduced the productivity gap between the UK and other leading G7 economies. Data for 2012 were revised and are provided in the table above. In case it is of interest, the most recent data for 2013 is also included in the table below. A full decomposition of the productivity gap has not yet been undertaken using the revised data.</p><p> </p><p><strong>Current Price Productivity, 2013, G7 countries, Index UK=100</strong></p><p> </p><table><tbody><tr><td><p><strong><em> </em></strong></p></td><td><p><strong><em>Japan</em></strong></p></td><td><p><strong><em>Germany</em></strong></p></td><td><p><strong><em>Canada</em></strong></p></td><td><p><strong><em>Italy</em></strong></p></td><td><p><strong><em>France</em></strong></p></td><td><p><strong><em>US</em></strong></p></td><td><p><strong><em>UK</em></strong></p></td><td><p><strong><em>G7 excl. UK</em></strong></p></td></tr><tr><td><p><strong>GDP per worker</strong></p></td><td><p>88</p></td><td><p>107</p></td><td><p>103</p></td><td><p>115</p></td><td><p>114</p></td><td><p>139</p></td><td><p>100</p></td><td><p>119</p></td></tr><tr><td><p><strong>GDP per hour worked</strong></p></td><td><p>85</p></td><td><p>129</p></td><td><p>101</p></td><td><p>109</p></td><td><p>128</p></td><td><p>130</p></td><td><p>100</p></td><td><p>117</p></td></tr></tbody></table><p> </p><p>Source: International Comparisons of Productivity, First Estimates for 2013, ONS (Oct 2014)</p><p> </p><p>http://www.ons.gov.uk/ons/rel/icp/international-comparisons-of-productivity/2013---first-estimates/index.html</p><p> </p><p> </p><p> </p><p>References</p><p> </p><p>BIS (2010) Economic Growth, BIS Economics Paper No. 9</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32101/10-1213-economic-growth.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32101/10-1213-economic-growth.pdf</a></p><p> </p><p>BIS (2012) Benchmarking UK Competitiveness in the Global Economy, BIS Economics Paper No. 19</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/34647/12-1207-benchmarking-uk-competitiveness-in-the-global-economy.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/34647/12-1207-benchmarking-uk-competitiveness-in-the-global-economy.pdf</a></p><p> </p><p> </p><p> </p>
star this property answering member printed Lord Livingston of Parkhead more like this
star this property question first answered
less than 2014-11-17T12:31:53.887Zmore like thismore than 2014-11-17T12:31:53.887Z
unstar this property answering member
4278
star this property label Biography information for Lord Livingston of Parkhead more like this
star this property tabling member
2533
unstar this property label Biography information for Lord Birt more like this
147349
star this property registered interest false more like this
star this property date less than 2014-11-10more like thismore than 2014-11-10
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading Transatlantic Trade and Investment Partnership 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 remove filter
star this property question text To ask Her Majesty’s Government why the investor-state dispute settlement system in the proposed Transatlantic Trade and Investment Partnership will not be dealt with by United Kingdom courts. more like this
star this property tabling member printed
Baroness Jones of Moulsecoomb more like this
star this property uin HL2753 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-11-19more like thismore than 2014-11-19
star this property answer text The Transatlantic Trade and Investment partnership (TTIP) will be an agreement with 28 EU countries and the US. In the case of the UK, it has over 90 existing bilateral investment treaties with other countries across the world, UK domestic courts and the UK legal system remain the main route for resolving the overwhelming majority of disputes that foreign investors may have with the actions of the UK Government. Investment protection provisions and Investor-state dispute settlement (ISDS) clauses in trade and investment treaties are nonetheless valued by investors for providing certainty and protection from discriminatory action by host governments. Well-formulated investment protection and ISDS provisions have the potential to encourage investment while placing effective safeguards on the Government’s ability to regulate in the public interest. The Government believes it is in the UK's interest to create modern investment provisions in the Transatlantic Trade and Investment Partnership (TTIP) to both encourage investment and create a potential model for future trade and investment agreements with other countries. As such, we would want the ISDS mechanism in TTIP to be in line with best practice, including the new The United Nations Commission on International Trade Law (UNCITRAL) Rules on Transparency in Treaty-based Investor-State Arbitration.
star this property answering member printed Lord Livingston of Parkhead more like this
star this property question first answered
remove maximum value filtermore like thismore than 2014-11-19T12:33:40.25Z
unstar this property answering member
4278
star this property label Biography information for Lord Livingston of Parkhead more like this
star this property tabling member
4297
unstar this property label Biography information for Baroness Jones of Moulsecoomb more like this
49845
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government what is (1) the total sum, and (2) the percentage, of student loans that have been written off as bad debt. more like this
star this property tabling member printed
Lord Barnett more like this
star this property uin HL6849 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>Information on the repayment status of student loans is available in the Student Loans Company (SLC) publication<em>‘Student Loans for Higher Education in England, Financial Year 2012-13'</em>.</p><p> </p><p>The Amount of Total Public Debt outstanding (including loans not yet due for repayment) at the start of Financial Year 2012-13 including interest was <strong>£40,271.5m</strong>, rising to <strong>£46,590.4m</strong> by the end of Financial Year 2012-13.</p><p> </p><p>The amount of debt written off or cancelled during the Financial Year 2012-13 was <strong>£27.0m</strong>. This figure is <strong>0.07%</strong> of the Total Public Debt outstanding at the start of Financial Year 2012-13 and <strong>0.06%</strong> of the Total Public Debt outstanding at the end of Financial Year 2012-13.</p><p> </p><p>Write offs occur for policy reasons; when borrowers die, become permanently disabled or when their loan reaches age thresholds. An estimate of ‘bad debt' has not been provided in the answer as there is no standard definition for this.</p><p> </p><p>Statistics referring to the Financial Year 2013-14 will be published in June 2014.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p>
star this property answering member printed Lord Ahmad of Wimbledon more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
unstar this property answering member
4210
star this property label Biography information for Lord Ahmad of Wimbledon more like this
star this property tabling member
1018
unstar this property label Biography information for Lord Barnett more like this
49847
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what is the amount of student loan debt still available for sale, including the first tranche referred to. more like this
star this property tabling member printed
Lord Barnett more like this
star this property uin HL6850 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>The total amount of pre-2012 income contingent repayment student loan debt that Government intends to sell has not yet been determined. However, over a five year period, as announced at Autumn Statement 2013, sales are expected to generate between £10 billion and £15 billion in revenues, with a central estimate of around £12 billion.</p> more like this
star this property answering member printed Lord Ahmad of Wimbledon more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
unstar this property answering member
4210
star this property label Biography information for Lord Ahmad of Wimbledon more like this
star this property tabling member
1018
unstar this property label Biography information for Lord Barnett more like this
49849
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what are the current terms of income contingent repayment loans. more like this
star this property tabling member printed
Lord Barnett more like this
star this property uin HL6851 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>The Education (Student Loans) (Repayment) Regulations set out the terms and conditions of income contingent student loans. This is also set out in the booklet <em>Student Loans – a Guide to Terms and Conditions</em>, the latest copy of which can be accessed at http://www.sfengland.slc.co.uk/media/666045/sfe_t_c_guide_1415_d.pdf . Students are informed at the time of taking out their student loan that the regulations may change from time to time and this means that the terms of their loan may also change.</p> more like this
star this property answering member printed Lord Ahmad of Wimbledon more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
unstar this property answering member
4210
star this property label Biography information for Lord Ahmad of Wimbledon more like this
star this property tabling member
1018
unstar this property label Biography information for Lord Barnett more like this
49852
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government, further to the answer by Lord Ahmad of Wimbledon on 26 March (HL Deb, col 528), what was the basis on which he described the sale of the student loan book for £160 million as "value for money for the taxpayer"; and what was the original value of the loans. more like this
star this property tabling member printed
Lord Barnett more like this
star this property uin HL6852 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>The Mortgage Style loans offered for sale had a face value of around £890 million.</p><p>The sale of the Mortgage Style Loan Book was value for money as the purchase price exceeded the value of retention to Government.</p><p>The real value of the book is below the face value of the loans because of the subsidised nature of the loans and their age. These loans attract low interest rates and have an earnings threshold for repayment. The age-related write off combined with the earnings threshold means some borrowers never repay.</p><p> </p><p>The sale of Mortgage style Loans also allowed the Student Loans Company to focus on its core business of supplying income contingent loans (ICR) to current students and collecting repayments from those loans.</p><p> </p> more like this
star this property answering member printed Lord Ahmad of Wimbledon more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
unstar this property answering member
4210
star this property label Biography information for Lord Ahmad of Wimbledon more like this
star this property tabling member
1018
unstar this property label Biography information for Lord Barnett more like this
49862
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government how many women prisoners had GCSE C-grade or equivalent in English and maths on being imprisoned in (1) 2010, (2) 2011, and (3) 2012; and how many had such qualifications upon release. more like this
star this property tabling member printed
Baroness Wheatcroft more like this
star this property uin HL6857 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>We do not centrally hold information on the prior attainment of prisoners or their qualifications upon release.</p><p> </p><p> </p> more like this
star this property answering member printed Lord Ahmad of Wimbledon more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
unstar this property answering member
4210
star this property label Biography information for Lord Ahmad of Wimbledon more like this
star this property tabling member
4199
unstar this property label Biography information for Baroness Wheatcroft more like this