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1124896

	registered interest
	date	07/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Private Equity
	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 decline in private equity investments in UK companies due to Brexit uncertainty.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15571
	answer	answer is ministerial correction date of answer 21/05/2019 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> answering member printed Lord Young of Cookham question first answered 21/05/2019 13:26:17 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1124897

	registered interest
	date	07/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electricity: VAT
	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 amount of revenue that has been raised in VAT and collected by HMRC from sales of electricity in each year since 1 April 2013 to date.
	tabling member printed	Lord Teverson
	uin	HL15572
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>I refer the noble Lord to the answer l gave on 25 April 2019 to Question HL15205[1].</p><p> </p><p>[1] <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/</a></p> answering member printed Lord Young of Cookham grouped question UIN HL15573 HL15574 HL15575 question first answered 21/05/2019 13:38:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3789 label Biography information for Lord Teverson

1124898

	registered interest
	date	07/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Natural Gas: VAT
	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 amount of revenue that has been raised in VAT and collected by HMRC from sales of gas in each year since 1 April 2013 to date.
	tabling member printed	Lord Teverson
	uin	HL15573
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>I refer the noble Lord to the answer l gave on 25 April 2019 to Question HL15205[1].</p><p> </p><p>[1] <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/</a></p> answering member printed Lord Young of Cookham grouped question UIN HL15572 HL15574 HL15575 question first answered 21/05/2019 13:38:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3789 label Biography information for Lord Teverson

1124899

	registered interest
	date	07/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Fuel Oil: VAT
	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 amount of revenue that has been raised in VAT and collected by HMRC from sales of heating oil in each year since 1 April 2013 to date.
	tabling member printed	Lord Teverson
	uin	HL15574
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>I refer the noble Lord to the answer l gave on 25 April 2019 to Question HL15205[1].</p><p> </p><p>[1] <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/</a></p> answering member printed Lord Young of Cookham grouped question UIN HL15572 HL15573 HL15575 question first answered 21/05/2019 13:38:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3789 label Biography information for Lord Teverson

1124900

	registered interest
	date	07/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liquefied Petroleum Gas: VAT
	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 amount of revenue that has been raised in VAT and collected by HMRC from sales of liquid petroleum gas in each year since 1 April 2013 to date.
	tabling member printed	Lord Teverson
	uin	HL15575
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>I refer the noble Lord to the answer l gave on 25 April 2019 to Question HL15205[1].</p><p> </p><p>[1] <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2019-04-10/HL15205/</a></p> answering member printed Lord Young of Cookham grouped question UIN HL15572 HL15573 HL15574 question first answered 21/05/2019 13:38:52 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3789 label Biography information for Lord Teverson

1125512

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Income
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the answer by Lord Agnew of Oulton on 30 April (HL Deb, col 857), what is the minimum amount that a family with two children under 16 years of age with one adult working full-time on the national minimum wage or national living wage would take home in each year since 2010 if they were claiming child benefit, tax credit, child tax credit and working tax credit.
	tabling member printed	Baroness Primarolo
	uin	HL15607
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>The figures are shown in table 1 below, rounded to the nearest £5.</p><p> </p><p> </p><p>Table 1: Total take-home pay, Child Benefit, and tax credits for a family with two adults, one of whom is aged 25 or over and works 35 hours per week and receives the National Minimum Wage or National Living Wage</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>£ per annum</p></td></tr><tr><td><p>2010-11</p></td><td><p>16,805</p></td></tr><tr><td><p>2011-12</p></td><td><p>17,450</p></td></tr><tr><td><p>2012-13</p></td><td><p>17,815</p></td></tr><tr><td><p>2013-14</p></td><td><p>18,205</p></td></tr><tr><td><p>2014-15</p></td><td><p>18,500</p></td></tr><tr><td><p>2015-16</p></td><td><p>18,840</p></td></tr><tr><td><p>2016-17</p></td><td><p>19,250</p></td></tr><tr><td><p>2017-18</p></td><td><p>19,510</p></td></tr><tr><td><p>2018-19</p></td><td><p>19,775</p></td></tr><tr><td><p>2019-20</p></td><td><p>20,135</p></td></tr></tbody></table> answering member printed Lord Young of Cookham question first answered 21/05/2019 13:58:20 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	217 label Biography information for Baroness Primarolo

1125515

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of remarks by the chief executive of the Financial Conduct Authority about the impact of a post-Brexit customs union on the UK financial services sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15610
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>A customs union would eliminate tariff and rules of origin barriers on trade in goods only, as they do not concern trade in services.</p><p><strong> </strong></p><p>The Government’s ambition is to preserve the economic benefits of the most important financial services traded between the UK and the EU, and ensure stable institutional processes for governing the relationship in financial services. This is the best way to protect financial stability and open markets, and is in the interests of businesses and consumers on both sides. This ambition is reflected in the Political Declaration agreed by the UK and the EU in November 2018.</p><p> </p><p>We remain committed to preserving our competitive position in financial services after the UK has left the European Union. Our industry continues to innovate and to move with the times – we have world-leading positions in the markets of the future, including green and sustainable finance, FinTech, and renminbi and rupee products.</p> answering member printed Lord Young of Cookham question first answered 21/05/2019 14:01:00 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1125516

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Emissions Trading Scheme
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to replicate the European Trading Scheme carbon emissions tax on companies in the event of a no-deal Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15611
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>In the event that the UK leaves the EU ETS under a No Deal scenario, Government policy remains that we will implement a carbon emissions tax on an interim basis.</p><p>We are discussing with the Commission the implications of our exit from the EU for our future participation in the EU ETS.</p><p>A consultation on long-term carbon pricing once the UK has left the UK has now been launched.</p> answering member printed Lord Young of Cookham question first answered 21/05/2019 14:02:51 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1125503

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Evasion
	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 of "cum-ex" tax fraud on (1) banks, (2) taxpayers, and (3) HM Treasury.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL15598
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> answering member printed Lord Young of Cookham grouped question UIN HL15597 question first answered 21/05/2019 14:12:33 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1125502

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Evasion
	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 cost to HM Treasury of "cum-ex" tax fraud since 2012; and whether there have been any related prosecutions.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL15597
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> answering member printed Lord Young of Cookham grouped question UIN HL15598 question first answered 21/05/2019 14:12:33 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1126305

	registered interest
	date	13/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what was the basis for their estimate in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, that the reintroduction of preferential status for any Crown creditor would yield £185 million per annum in additional tax revenue.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL15665
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>The estimate is the tax recovered from insolvencies that HM Revenue and Customs (HMRC) would not otherwise have collected before the policy was implemented. Adjustments were made for tax and payment timing.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:21:03 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1126306

	registered interest
	date	13/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the proposals in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, to reintroduce preferential status for any Crown creditor takes into account lost Government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC, and any consequential loss to the economy resulting other taxpayers themselves becoming insolvent due to an increased burden of bad debt; and what assessment, if any, they have made of the impact of that change on lending.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL15666
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>The ‘Protecting your taxes in insolvency’ proposals take into account lost government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC.</p><p> </p><p>Lending against fixed assets will not be impacted by this measure, but lending against floating assets will be impacted, as HMRC will move above secured creditors with floating charges in insolvencies.</p><p> </p><p>At Budget 2018, the independent OBR chose not to make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:22:56 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1127020

	registered interest
	date	15/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of any increase in complaints regarding short-term and payday lenders related to those suffering with problem debt.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15781
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market, transferring regulatory responsibility to the Financial Conduct Authority (FCA) on 1 April 2014.</p><p> </p><p>The FCA requires payday lenders to carry out robust affordability checks, limits the number of times a payday loan can be rolled over to two, places tough restrictions on lenders’ use of continuous payment authorities, and requires all payday lending adverts to include a risk warning and information about where to get free debt advice.</p><p> </p><p>The Government has given the FCA strong powers to protect consumers and to take action against firms and individuals that do not meet its standards. In 2018, the FCA issued total fines of £60 million.</p><p><strong> </strong></p><p>On problem debt more broadly, the Government is implementing its manifesto commitment to introduce a breathing space and statutory debt repayment plan. The two polices aim to give people in problem debt the opportunity to take control of their finances and put them on a sustainable footing.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:23:21 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1126718

	registered interest
	date	14/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have modelled the systemic risk impact of growth in instructional, non bank, lending.
	tabling member printed	Lord Myners
	uin	HL15735
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>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. Part of the FPC’s remit includes the responsibility for assessing risks in the financial system, including from the non-bank financial system. The FPC set out its most recent assessment of financial stability risks from the non-bank financial sector in its 28th November 2018 Financial Stability Report.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:28:54 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1126332

	registered interest
	date	13/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banking Hubs: Competition
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have, if any, to update competition law to allow for shared banking hubs in areas where local bank branches have been closed.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15692
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>Branch closures can be difficult for the communities affected and the Government pays close attention to this issue. However, the decision to close a branch is a commercial one for a firm, and Government does not intervene in those decisions.</p><p> </p><p>However, the Government is equally clear that as banking providers seek to respond to technological advances and changes in customer behaviour, they must also consider carefully the needs of those who still rely on their local bank branch. Since May 2017, the major high street banks have been signed up to the Access to Banking Standard, which commits them to work with customers and communities to minimise the impact of branch closures and put in place alternative banking services.</p><p> </p><p>The Government also supports the Post Office Banking Framework Agreement which enables 99% of the UK’s personal and 95% of the UK’s small business customers to withdraw money, deposit cash and cheques and check balances at any one of the Post Office’s network of 11,500 branches.</p><p> </p><p> </p><p>While banks do have to comply with competition law, there is no specific regulation that prevents banks from sharing branches or other premises where their strategies align. The Government therefore has no plans to update competition law on this basis. Government does not intervene in these commercial decisions, but will continue to encourage banks to think creatively about how they can ensure that consumers can access a wide range of banking services on a sustainable basis. For example, NatWest, Lloyds Bank and Barclays are trialling shared business banking hubs in 6 locations across the UK in the coming weeks.</p> answering member printed Lord Young of Cookham question first answered 22/05/2019 16:37:43 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1127252

	registered interest
	date	16/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Import Duties
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue is raised from tariffs on products not grown or produced in the UK.
	tabling member printed	Lord Lilley
	uin	HL15805
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The total amount received in Customs Duties in 2017-18 was £3.4 billion.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 15:15:54 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	68 label Biography information for Lord Lilley

1127253

	registered interest
	date	16/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Trade with EU
	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 costs to businesses of (1) completing movement certificates, and (2) having those certificates stamped at borders, if the UK is in a customs union with the EU after Brexit.
	tabling member printed	Lord Lilley
	uin	HL15806
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The Government is seeking a new customs arrangement that provides the most frictionless trade possible in goods between the UK and the EU.</p><p> </p><p>The cost to businesses of any information requirements would depend on the precise nature of the arrangement.</p><p> </p> answering member printed Lord Young of Cookham question first answered 23/05/2019 15:16:15 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	68 label Biography information for Lord Lilley

1126686

	registered interest
	date	14/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Company Cars: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they plan to announce the benefits in kind rate for company cars for the years after 2021; and what assessment they have made of the impact on car owners of the rates not yet being publicly available.
	tabling member printed	Lord Berkeley
	uin	HL15703
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>The government aims to publish emissions-based company car tax rates in advance to help employees and industry plan.</p><p> </p><p>However, as emissions testing changes in 2020, the government is reviewing the impact of the new Worldwide Light vehicle Test Procedure (WLTP) on vehicle taxes. The government will respond shortly to the review.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 16:34:35 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3526 label Biography information for Lord Berkeley

1126719

	registered interest
	date	14/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the proposed independent review of the Financial Conduct Authority's (FCA) supervision of London Capital and Finance will be supported by (1) an independent secretariat, or (2) secondees from the (a) FCA, (b) Prudential Regulation Authority, (c) HM Treasury, or (d) Bank of England.
	tabling member printed	Lord Myners
	uin	HL15736
	answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>On 23<sup>rd</sup> May, the Economic Secretary to the Treasury laid before Parliament a Direction requiring the Financial Conduct Authority (FCA) to carry out an independent investigation into the events and circumstances surrounding the failure of London Capital and Finance. The operational resourcing of this investigation will be a matter for the FCA and Dame Elizabeth Gloster, the independent investigator it appointed.</p> answering member printed Lord Young of Cookham question first answered 23/05/2019 16:38:21 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1127433

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Brexit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what their latest estimate is of the impact on GDP in each year between 2019 and 2033 of leaving the EU without a withdrawal agreement in place.
	tabling member printed	Lord Livermore
	uin	HL15844
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The Government’s analysis on the economic effects of EU exit looks at the long-term impacts. Within their statutory mandates, the Bank of England and the OBR produce short-to-medium term forecasts for the UK economy which will reflect their independent judgements regarding the impact of leaving the EU.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:47:03 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4559 label Biography information for Lord Livermore

1127435

	registered interest
	date	20/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Trade
	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 impact on UK GDP from (1) leaving the EU's single market, and (2) negotiating a free trade agreement with the United States.
	tabling member printed	Lord Livermore
	uin	HL15846
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The Government has published a detailed set of economic analyses on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances – covering multiple EU exit scenarios. The analysis finds that the spectrum of outcomes for the future UK-EU relationship would deliver significantly higher economic output than the no deal scenario.</p><p> </p><p>In keeping with the government’s ambitious free trade agenda, the analysis assumes that, in the long run, the UK secures agreements with a broad range of potential trading partners, including, but not limited to, the United States, Australia, New Zealand, and other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The analysis estimates that in the long run these trade agreements could increase UK GDP by up to 0.2 percentage points.</p><p> </p><p>The complete analysis can be found in the “EU Exit: Long-Term Economic Analysis” paper, which is available on the Gov.uk website in Exiting the European Union: Publications section.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:47:30 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4559 label Biography information for Lord Livermore

1128023

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Digital Technology
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps, if any, they are taking to invest in digital technology hubs in the UK banking sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15908
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The government is committed to ensuring the UK is one of the best places in the world to start and grow a digital business. That is why we are unlocking £20bn of finance for innovative firms over the next 10 years, and why we announced £21m to establish Tech Nation and its network of 10 regional hubs, supporting further innovation in financial services.</p><p><br> We also recognise the important role that digital technology hubs, such as Level 39 in Canary Wharf, have played in promoting the adoption of technology in the UK banking sector, and we are engaging with industry to explore how we can further support digital technology hubs in the UK.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:48:57 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1128022

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets: Regulation
	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 role of (1) the European Securities and Markets Authority, and (2) the Financial Conduct Authority, will have in regulating financial markets after Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL15907
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The European Supervisory Authorities - which includes the European Securities and Markets Authority - are a part of the EU’s joint supervisory framework for financial services. The UK’s future position outside of the EU will mean that the UK is no longer part of the joint supervisory framework.</p><p> </p><p>As part of preparations for leaving the EU in any scenario, HM Treasury has delivered a programme of legislation under the EU (Withdrawal) Act designed to ensure that the UK’s regulatory regime is workable. These preparations include transferring certain regulatory and supervisory functions currently carried out by the ESAs to the appropriate UK regulator, including the FCA, where the transfer of those functions is necessary to ensure an operable regulatory regime at exit.</p><p> </p><p>If the UK leaves the EU under the terms of the Withdrawal Agreement reached between the UK and the EU, the UK’s exit preparations would be delayed until the end of the agreed Implementation Period. Market access arrangements would continue and the UK would remain part of the joint supervisory framework, with ESA functions continuing to apply to the UK, until the end of the Implementation Period.</p><p> </p><p>In any exit scenario, we expect UK regulators to continue to work closely with their counterparts in the EU. This is demonstrated in the Political Declaration agreed between the UK and the EU on the future relationship, in which both sides commit to close cooperation on supervisory and regulatory matters.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 13:50:53 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1128140

	registered interest
	date	23/05/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	European Parliament: Elections
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many European Union citizens whose names appear on the register of electors with a right to vote in the European Parliament elections were turned away from polling stations on 23 May.
	tabling member printed	Lord Greaves
	uin	HL15954
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>Data on people who are turned away from polling stations is not collected centrally.</p> answering member printed Lord Young of Cookham question first answered 04/06/2019 14:24:14 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2569 label Biography information for Lord Greaves

1127420

	registered interest
	date	20/05/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Royal Commissions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many Royal Commissions have been established since 1989; what was the topic of each; and what recommendations of each they adopted.
	tabling member printed	Lord Foulkes of Cumnock
	uin	HL15831
	answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>Three Royal Commissions have been established since 1989:</p><p> </p><ul><li><p>Royal Commission on Criminal Justice</p></li><li><p>Royal Commission on Long-term Care of the Elderly</p></li><li><p>Royal Commission on Reform of the House of Lords</p></li></ul><p> </p><p>Government departments will have responded to the relevant Royal Commission reports, and those responses are a matter of public record.</p><p> </p> answering member printed Lord Young of Cookham question first answered 04/06/2019 14:24:30 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	579 label Biography information for Lord Foulkes of Cumnock