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650400

registered interest
date	02/12/2016
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Voting Rights: British Nationals Abroad
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the announcement on 7 October that they intend to remove the 15-year rule on British citizens living overseas voting in parliamentary elections, whether expatriate UK citizens would also be entitled to participate in any future referendums.
tabling member printed	Viscount Waverley
uin	HL3790
answer	answer is ministerial correction date of answer 24/01/2017 answer text <p>The franchise for any future referendum would be determined by Parliament in the primary legislation which provides for that referendum.</p> answering member printed Lord Young of Cookham question first answered 24/01/2017 15:54:22 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1744 label Biography information for Viscount Waverley

605482

registered interest
date	18/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance Companies: Greater London
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have made an assessment of the impact of the potential loss of EU passporting rights on the international insurance and reinsurance companies operating in London, following the UK's departure from the EU.
tabling member printed	The Earl of Kinnoull
uin	HL2402
answer	answer is ministerial correction date of answer 01/11/2016 answer text <p>The Government is committed to getting the best possible deal for the UK financial services sector following the UK's departure from the EU.</p><p> </p><p>The insurance sector is diverse and the Government recognises that many firms are focused on domestic markets only. However, the Government understands that EU market access is important to the London Market, a leading global centre of expertise for specialist and commercial insurance, which provides valuable services to businesses in the EU and internationally.</p><p> </p><p>The Government has already engaged with international insurance and reinsurance companies and other key stakeholders in the insurance sector, and will continue to do so over the coming weeks and months. We are carefully analysing the impacts that withdrawal from the EU will have on their businesses, consumers and on other related economic activities. We will listen to concerns, aim to limit uncertainty in the transition and ensure our new relationship with the EU works for such businesses.</p> answering member printed Lord Young of Cookham question first answered 01/11/2016 13:14:27 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4354 label Biography information for The Earl of Kinnoull

621909

registered interest
date	26/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Heathrow Airport
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the Barnet Consequential Payments to the devolved administrations arising from the proposed third runway at Heathrow Airport.
tabling member printed	Lord Wigley
uin	HL2715
answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>We do not expect there to be Barnett consequential payments arising from the third runway itself at Heathrow Airport, because the scheme is privately financed.</p><p> </p><p>Heathrow Airport Ltd has also pledged to meet the costs of any surface access proposals that are essential to deliver airport expansion. Where projects have wider public benefits, the Government will consider the need for additional public funding on a case by case basis in line with the Aviation Policy Framework. For any additional UK Government spending the Barnett formula will be applied in the usual way at the appropriate time.</p> answering member printed Lord Young of Cookham question first answered 03/11/2016 15:55:47 answering member 57 label Biography information for Lord Young of Cookham
tabling member	547 label Biography information for Lord Wigley

621140

registered interest
date	25/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their latest estimate of the effect of the loss of value of the pound sterling on the 2016–17 estimated budget deficit.
tabling member printed	Lord Wigley
uin	HL2657
answer	answer is ministerial correction date of answer 08/11/2016 answer text <p>There have been no new estimates for the 2016-17 budget deficit since March 2016. The independent Office for Budget Responsibility will produce an updated forecast for the 2016-17 budget deficit at the Autumn Statement on 23 November. This will take into account the most recent economic data, including changes in exchange rates and their independent judgments.</p><p> </p> answering member printed Lord Young of Cookham question first answered 08/11/2016 15:56:58 answering member 57 label Biography information for Lord Young of Cookham
tabling member	547 label Biography information for Lord Wigley

642863

registered interest
date	23/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of the fact that most small businesses assess their profits annually in arrears, whether it is the intention of HM Revenue and Customs to make small businesses report their income and expenditure quarterly; and what assessment they have made of the feasibility of this requirement.
tabling member printed	Lord Vinson
uin	HL3465
answer	answer is ministerial correction date of answer 05/12/2016 answer text <p>HM Revenue and Customs published a consultation document setting out the Government’s proposals on 15 August 2015 entitled “Making Tax Digital: Bringing business tax into the digital age”. The consultation included an initial assessment of the impacts on businesses. The consultation closed on 7 November. The government is currently considering the responses to the Making Tax Digital consultations and will publish its response and draft legislation in January, together with an updated Tax Impact Assessment.</p> answering member printed Lord Young of Cookham question first answered 05/12/2016 16:37:28 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1807 label Biography information for Lord Vinson

598916

registered interest
date	11/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Markets
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of whether high frequency trading has utility and is in the national interest.
tabling member printed	Lord Vinson
uin	HL2223
answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>The Government sponsored the Foresight Project, which reported in 2012, to analyse the role, development, and impact of computer-based trading – including high frequency trading – in financial markets. The Future of Computer Trading in Financial Markets report highlighted the benefits of computer-based trading for the operation of markets, in particular relating to liquidity, transaction costs, and the efficiency of market prices, while also considering the implications for financial stability.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/10/2016 14:21:10 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1807 label Biography information for Lord Vinson

638273

registered interest
date	17/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank of England
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 extent to which the Bank of England should be independent of the Government.
tabling member printed	Lord Taylor of Warwick
uin	HL3343
answer	answer is ministerial correction date of answer 24/11/2016 answer text <p>A comprehensive Review of the Monetary Policy Framework was published in 2013, considering the benefits and costs of a number of different monetary policy frameworks. The review concluded that operational independence has helped improve credibility and accountability of monetary policy, leading to stable inflation and inflation expectations, and in turn macroeconomic stability.</p><p> </p><p>The current remit for the Monetary Policy Committee reflects the assessment set out in the 2013 Review, which reaffirms the Bank of England’s operation independence and a flexible inflation targeting framework.</p> answering member printed Lord Young of Cookham question first answered 24/11/2016 17:30:06 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

631019

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Greater London
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 impact on London's position as a financial centre if the UK were to leave the Single Market.
tabling member printed	Lord Taylor of Warwick
uin	HL3038
answer	answer is ministerial correction date of answer 21/11/2016 answer text <p>The UK’s great strengths as a financial centre – geographical location, high standards of regulation, stable legal system, highly skilled workforce and cluster of complementary professional services - have not changed following the referendum.</p><p> </p><p>The Government is taking the time to understand the needs of the UK financial services sector – and indeed all UK sectors – in advance of activating Article 50.</p><p> </p><p>It is important Britain maintains its status as a great place for financial services. This is why the Government stands ready to help the sector maximise the opportunities that leaving the EU presents.</p> answering member printed Lord Young of Cookham question first answered 21/11/2016 14:47:25 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

621164

registered interest
date	25/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what steps they plan to take to restore the confidence of large UK companies in investment, in the light of the UK’s decision to leave the EU.
tabling member printed	Lord Taylor of Warwick
uin	HL2681
answer	answer is ministerial correction date of answer 08/11/2016 answer text <p>The Government is determined to make a success of Brexit, and is developing an industrial strategy that will boost productivity and investment. We will continue to monitor the economy as we approach the Autumn Statement.</p><p> </p><p>The Government is speaking regularly to companies from a wide range of sectors to understand their concerns following the referendum, and will continue these conversations as we develop our economic policy.</p><p> </p><p>The fundamentals of the UK economy remain strong, and recent figures show the economy grew by 0.5% in the three months from July, exceeding expectations. The UK is in a position of strength, with a world class science base, the lowest corporation tax in the G20, and plans to invest over £100 billion in infrastructure this Parliament.</p><p> </p><p>Nissan’s recent announcement that the company will continue to invest in the UK is a further vote of confidence in the UK and follows on from announcements of investment from Softbank, GlaxoSmithKline, and others.</p> answering member printed Lord Young of Cookham question first answered 08/11/2016 15:55:01 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

621163

registered interest
date	25/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector Debt
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what steps they are taking to reduce the UK’s national debt.
tabling member printed	Lord Taylor of Warwick
uin	HL2680
answer	answer is ministerial correction date of answer 07/11/2016 answer text <p>The government has already reduced the annual deficit by almost two-thirds from 10.1% of GDP in 2009-10 to 4% of GDP in 2015-16. However, at 84% of GDP last year, Public Sector Net Debt remains too high. The government will set out its plan to ensure long-term fiscal sustainability at Autumn Statement on 23<sup>rd</sup> November.</p> answering member printed Lord Young of Cookham question first answered 07/11/2016 14:22:01 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick