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1126330
star this property registered interest false more like this
star this property date less than 2019-05-13more like thismore than 2019-05-13
star this property answering body
Department for Digital, Culture, Media and Sport more like this
star this property answering dept id 10 more like this
star this property answering dept short name Digital, Culture, Media and Sport more like this
star this property answering dept sort name Digital, Culture, Media and Sport more like this
star this property hansard heading Telephones: Fees and Charges 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 the cap on the cost of phone calls between EU member states will apply to UK consumers until the end of any transition period, in the event that a Brexit deal is agreed. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL15690 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 2019-05-23more like thismore than 2019-05-23
star this property answer text Under the draft Withdrawal Agreement, EU law will continue to apply in the UK during the Implementation Period (subject to certain exceptions), including EU law that comes into force during the Implementation Period. That will include the Regulation that caps the cost of phone calls via landline and mobile phone or SMS made from one EU country to another.   more like this
unstar this property answering member printed Lord Ashton of Hyde more like this
star this property question first answered
less than 2019-05-23T13:51:28.603Zmore like thismore than 2019-05-23T13:51:28.603Z
unstar this property answering member
4247
star this property label Biography information for Lord Ashton of Hyde more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1141934
star this property registered interest false more like this
star this property date less than 2019-07-24more like thismore than 2019-07-24
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 more like this
star this property hansard heading Banks: 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 more like this
star this property question text To ask Her Majesty's Government whether they or the Prudential Regulation Authority monitor loans by smaller banks to related parties; and what assessment, if any, they have made of how Wyelands Bank complies in this respect with regulatory limits. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17478 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 2019-08-06more like thismore than 2019-08-06
star this property answer text This is a matter for the Prudential Regulation Authority (PRA), which is operationally independent from Government. The question has been passed on to the PRA. The PRA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House. more like this
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-08-06T13:37:27.17Zmore like thismore than 2019-08-06T13:37:27.17Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1144183
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
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 more like this
star this property hansard heading Business: Investment 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 Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March. more like this
star this property tabling member printed
Lord Mendelsohn more like this
star this property uin HL17671 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 2019-09-09more like thismore than 2019-09-09
star this property answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. more like this
unstar this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:37:41.75Zmore like thismore than 2019-09-09T15:37:41.75Z
unstar this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
4286
unstar this property label Biography information for Lord Mendelsohn more like this
1124896
star this property registered interest false more like this
star this property date less than 2019-05-07more like thismore than 2019-05-07
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 more like this
star this property hansard heading Private Equity 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 decline in private equity investments in UK companies due to Brexit uncertainty. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL15571 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 2019-05-21more like thismore than 2019-05-21
star this property answer text The government is confident that the UK will continue to represent an attractive place to do business, and be a world-leading, global financial centre for asset management, including Private Equity.<p> </p><p>Investment is crucial for the economic future of this country, and the government is committed to ensuring that businesses can access to the finance they need as we leave the EU. In April 2019, the government provided the British Business Bank with an additional £200m to invest in venture and growth capital in 2019/20.</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 2019-05-21T13:26:17.79Zmore like thismore than 2019-05-21T13:26:17.79Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1129583
star this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
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 more like this
star this property hansard heading Bank Services: Proof of Identity 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 all existing banking customers must provide proof of identification to banks to check for possible money laundering; if so, under which regulations this policy was brought in; whether an impact assessment was carried out on the costs to customers, particularly those in rural areas, of any such requirements; and what estimate they have made of the total cost of any such policy. more like this
star this property tabling member printed
Lord Vinson more like this
star this property uin HL16068 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 2019-06-18more like thismore than 2019-06-18
star this property answer text The Money Laundering Regulations 2017 (‘the Regulations’) do not require banks to carry out customer due diligence – including identity checks—on all existing customers. The Regulations instead require banks to take a proportionate approach to applying customer due diligence checks commensurate with the risk of money laundering. The legal requirements on banks to carry out customer diligence for existing customers are set out in Regulations 27(8)(9) and 29(7). The Joint Money Laundering Steering Group’s guidance provides further detail on applying these requirements.<p> </p><p>The impact assessment for the transposition of the 4th EU Money Laundering Directive (which led to the most recent revision of the regulations) estimates the total cost of the changes made, while concluding that industry has difficulty in identifying costs caused by the money laundering regulations. This is particularly the case for customer due diligence as many of these are costs that a prudent business would take on in any case as a matter of commercial practice, to comply with UN or EU sanctions, or to protect themselves and their customers from fraud. The full impact assessment is available on gov.uk.</p>
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-18T15:20:03.29Zmore like thismore than 2019-06-18T15:20:03.29Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1807
unstar this property label Biography information for Lord Vinson more like this
1135702
star this property registered interest false more like this
star this property date less than 2019-07-01more like thismore than 2019-07-01
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 more like this
star this property hansard heading Freezing of Assets: Libya 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 how much revenue has been raised from frozen Libyan assets in London in each of the last five years for which figures are available. more like this
star this property tabling member printed
Lord Empey more like this
star this property uin HL16795 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 2019-07-15more like thismore than 2019-07-15
star this property answer text The Government’s response of 24 June to the Northern Ireland Affairs Committee report (into Government support for UK victims of IRA attacks that used Qadhafi-supplied Semtex and weapons) set out the information the Government had obtained about tax receipts on frozen Libyan assets held in UK banks. The response states: “Around £17 million has been received in total since the start of the 2016-17 tax year. HMRC currently receives around £5 million each year.” more like this
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-07-15T14:36:41.99Zmore like thismore than 2019-07-15T14:36:41.99Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4216
unstar this property label Biography information for Lord Empey more like this
1132189
star this property registered interest false more like this
star this property date less than 2019-06-13more like thismore than 2019-06-13
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 more like this
star this property hansard heading Occupational Pensions 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 steps they are taking to ensure that independent governance committees (IGCs) monitor and provide effective oversight of the suitability of all the retail fund choices available to pension scheme members through the firm which an IGC oversees. more like this
star this property tabling member printed
Baroness Drake more like this
star this property uin HL16350 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 2019-06-26more like thismore than 2019-06-26
star this property answer text The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes. IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.<p><strong> </strong></p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The FCA has announced that it will undertake a further review of IGCs in 2019/20. more like this
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-26T16:50:19.19Zmore like thismore than 2019-06-26T16:50:19.19Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4155
unstar this property label Biography information for Baroness Drake more like this
1133482
star this property registered interest false more like this
star this property date less than 2019-06-19more like thismore than 2019-06-19
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 more like this
star this property hansard heading Financial Services: Equality 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 steps they have taken to ensure that the UK financial sector (1) increases its diversity, and (2) ensures equal pay. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL16517 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 2019-07-02more like thismore than 2019-07-02
star this property answer text It is the Government’s aspiration to see diversity across the UK economy, and HM Treasury’s Women in Finance Charter reflects our ambition to see an improved gender balance in the financial services industry. So far, over 330 financial services firms have signed the Charter, committing to implement strategic actions to improve their gender balance in senior positions.<p> </p>Regarding wider work to improve diversity in the UK labour market, we are supporting the government commissioned Hampton-Alexander review to push for 33% of all board and senior leadership positions to be held by women by 2020 in the FTSE 350. Government also fully supports the Parker Review, which recommends that FTSE100 and 250 boards should have at least one director of colour by 2021 and 2024, respectively. The Prime Minister also launched the Race at Work Charter and a consultation on mandatory ethnicity pay reporting as part of a package of measures to make the workplace fairer for people from ethnic minority groups. Over 150 employers have signed the Race at Work Charter, including a number of financial services firms.<p> </p>Equal pay for men and women doing the same work, equivalent work or work of equal value, has been a legal requirement since 1970. The Government remains fully committed to the Equal Pay protections in the Equality Act 2010.<p> </p>In 2017, the Government introduced regulations requiring large employers across all sectors, including financial services, to publish the differences in what they pay their male and female staff in average salaries and bonuses annually. The gender pay gap is caused by many factors and does not necessarily mean an employer has breached equal pay laws. Transparency is key to highlighting gender-based differences in pay and enabling employees to hold their employers to account, particularly where equal pay law may have been breached.
unstar this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-07-02T16:02:39.73Zmore like thismore than 2019-07-02T16:02:39.73Z
unstar this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1149833
star this property registered interest false more like this
star this property date less than 2019-10-15more like thismore than 2019-10-15
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 more like this
star this property hansard heading Public Works Loan Board: Interest Rates 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 interest rate rises announced by the Public Works Loan Board. more like this
star this property tabling member printed
Baroness Scott of Needham Market more like this
star this property uin HL125 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 2019-10-29more like thismore than 2019-10-29
star this property 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. more like this
unstar this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-29T15:42:34.987Zmore like thismore than 2019-10-29T15:42:34.987Z
unstar this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2542
unstar this property label Biography information for Baroness Scott of Needham Market more like this
1149735
star this property registered interest false more like this
star this property date less than 2019-10-14more like thismore than 2019-10-14
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 more like this
star this property hansard heading NHS: VAT 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 progress they have made with the review of the application of VAT as applied to the NHS. more like this
star this property tabling member printed
Lord Hunt of Kings Heath more like this
star this property uin HL28 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 2019-10-28more like thismore than 2019-10-28
star this property answer text At Spring Statement 2019 the Chancellor announced that the Government would carry out a review of VAT in relation to the public sector. The Government will be publishing a policy paper for public consultation in the coming months. The Government welcomes the views of public sector organisations including NHS trusts and organisations on potential changes. more like this
unstar this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-28T15:58:15.96Zmore like thismore than 2019-10-28T15:58:15.96Z
unstar this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2024
unstar this property label Biography information for Lord Hunt of Kings Heath more like this