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1130212

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit: Insurance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to regulate the credit insurance market to ensure that insurance cover adequately protects the supply chain of product-based businesses.
	tabling member printed	Lord Allen of Kensington
	uin	HL16073
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The underwriting of insurance risk, including credit risks, is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy. Many of the underlying causes of providers restricting credit insurance cover, wider economic uncertainty and sectoral trends, are outside Government control.</p><p> </p><p>Government is clear that it wants all businesses to thrive now and in the future, and will continue close monitoring of the market and affected sectors. Government is determined to make the UK one of the best places in the world to start and grow a business, and has announced multiple measures to support enterprise. Following the Patient Capital Review, we set out a £20 billion action plan at Budget 2017 to finance firms’ growth.</p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:38:56 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4304 label Biography information for Lord Allen of Kensington

1130230

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Married People: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the publication of revised figures on the uptake of the Marriage Allowance by HMRC, whether they have a revised budget for the Marriage Allowance for the 2019/20 financial year; and what the actual expenditure on the Marriage Allowance was in the 2018/19 financial year.
	tabling member printed	Baroness Eaton
	uin	HL16091
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Anyone who applies for Marriage Allowance and meets the criteria will receive it. There is no set budget. The estimated cost to the Exchequer of Marriage Allowance in the 2018/19 financial year is £485 million. The cost will be finalised after 2018/19 Self-Assessment returns are submitted in January 2020.</p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:38:37 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4184 label Biography information for Baroness Eaton

1130240

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Soft Drinks: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the current annual revenue from the Soft Drinks Industry Levy.
	tabling member printed	Baroness Lister of Burtersett
	uin	HL16101
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>Receipts from the Soft Drinks Industry Levy were £240m in 2018/19.</p> answering member printed Lord Young of Cookham question first answered 17/06/2019 13:45:27 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4234 label Biography information for Baroness Lister of Burtersett

1130250

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have reviewed the market liquidity in the subprime sterling bond market in the context of increased bond issuance.
	tabling member printed	Lord Myners
	uin	HL16111
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>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. The FPC set out its most recent assessment of financial stability risks, including from the sterling bond market, in its March 2019 Policy Summary, in which it noted that post-crisis reforms have made dealers, on which some markets rely, more resilient, reducing the probability that market-making losses could lead to their distress or failure. In addition, the FPC noted that during the more recent period of volatility at the end of 2018, pension funds and insurers had acted as net buyers of sterling corporate bonds. Notwithstanding this, new business models mean that liquidity conditions in corporate debt markets could change quickly in event of stress.</em> <em>However, overall the FPC judged that markets had proved able to function effectively through volatile periods, and the strength of the core financial system, including banks, dealers and insurance companies, would support the functioning of markets on which the economy relied.</em></p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:32 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130252

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Lendy: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they will establish an independent review into the FCA’s supervision of Lendy and the actions taken by the FCA once it had raised questions about the firm’s compliance with minimum regulatory standards and disclosure to lenders.
	tabling member printed	Lord Myners
	uin	HL16113
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>There is an ongoing Financial Conduct Authority (FCA) investigation into the circumstances that have led to the administration of Lendy.</p><p> </p><p>It is important that the FCA rules for P2P lending remain relevant for this evolving sector, and the new rules announced by the FCA on 4 June reflect this. These will help to ensure that investors have the information they need to make effective decisions about P2P investments, without imposing additional costs on borrowers.</p><p> </p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:39:39 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130253

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	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 consequences for depositor protection and financial stability from the number of lenders offering residential property mortgage loans at 95 per cent of value or higher; and what options are open to (1) them, (2) the Bank of England, and (3) the Prudential Regulation Authority, to protect depositors and ensure financial stability.
	tabling member printed	Lord Myners
	uin	HL16114
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>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. The FPC noted in their November 2018 Financial Stability Report that the share of households with high mortgage debt-servicing ratios (DSRs) is close to historical lows. The FPC has powers of direction to place limits on the proportion of new mortgages that a bank can extend at high LTV ratios, if it judges that this is required to mitigate financial stability risks.</em></p><p><em> </em></p><em> </em><p><em>While the Bank therefore has powers to tackle these risks, the Financial Services Compensation Scheme (FSCS), set up by the Government in 2001, also provides a key role in ensuring financial stability and protecting depositors. The FSCS provides deposit protection of up to £85,000 per person, per authorised firm. The Financial Services Markets Act 2000 gives powers to the regulators, including the Prudential Regulation Authority (PRA) to make the rules in which FSCS carries out its compensation function.</em></p><p> </p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:39 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130627

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	NHS: Apprentices
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the annual cost to the NHS of the Apprenticeship Levy.
	tabling member printed	Lord Storey
	uin	HL16171
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>In 2016, the then Chancellor, in a letter to the Treasury Select Committee, set out an estimate of the impact of the Apprenticeship Levy on the NHS Hospital and Community Health Service in England. This was estimated to be around £190m.</p><p> </p><p>It is not possible to determine accurately the total annual levy payments made by all NHS trusts. This is because HMRC administrative data does not enable NHS trusts and their associated PAYE schemes to be easily identified.</p> answering member printed Lord Young of Cookham question first answered 20/06/2019 11:29:02 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4238 label Biography information for Lord Storey

1130631

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing: Rural Areas
	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 the decline in the number of free-to-use cash machines on rural communities.
	tabling member printed	Lord Taylor of Warwick
	uin	HL16175
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>The Government recognises that widespread free access to cash remains important to the day-to-day lives of many people and businesses in the UK. At Spring Statement 2018, the Treasury launched a Call for Evidence on Cash &amp; Digital Payments. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics. In its response document, the Government reiterated its policy is to safeguard access to cash for those who need it while supporting digital payments.</p><p> </p><p>LINK, the scheme that runs the UK’s ATM network, has committed to maintain the broad geographical coverage of the ATM network in the UK. LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM. Furthermore, LINK recently announced new additional premiums to safeguard the presence of free-to-use ATMs in remote and deprived areas.</p><p> </p><p>The Government-established Payment Systems Regulator, which regulates LINK, is closely monitoring developments within ATM provision and has used its powers to hold LINK to account over its commitments.</p><p> </p><p><strong> </strong></p> answering member printed Lord Young of Cookham question first answered 20/06/2019 11:28:32 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1130825

	registered interest
	date	10/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensioners: Social Security Benefits
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what are (1) the benefits, and (2) the concessions, provided exclusively to people of pensionable age; and what are the costs of each to the Exchequer.
	tabling member printed	Lord Forsyth of Drumlean
	uin	HL16192
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>In total, DWP expenditure to people of pensionable age in 2017/18 was £123.8bn and this includes benefits payable to pensioners but not exclusive to that group such as: Disability Living Allowance; Personal Independence Payment; Christmas Bonus; and Cold Weather Payments. Exclusive pensioner benefits are listed below :</p><p> </p><table><tbody><tr><td colspan="2"><p>Pensioner benefit expenditure 2017/18</p></td></tr><tr><td><p>Attendance Allowance</p></td><td><p>£5.74bn</p></td></tr><tr><td><p>Pension Credit</p></td><td><p>£5.57bn</p></td></tr><tr><td><p>State Pension (bSP and nSP combined)</p></td><td><p>£97.38bn</p></td></tr><tr><td><p>Winter Fuel Payments</p></td><td><p>£2.1bn</p></td></tr><tr><td><p>Free TV Licences</p></td><td><p>£655m</p></td></tr></tbody></table><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/06/2019 13:57:04 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1141 label Biography information for Lord Forsyth of Drumlean

1130832

	registered interest
	date	10/06/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Election Offences
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answers by Lord Bourne of Aberystwyth on 3 July 2017 (HL3), 15 September 2017 (HL1448), and 13 October 2017 (HL1671), and by Lord Duncan of Springbank on 21 December 2017 (HL3975), 16 March 2018 (HL6045), 20 November 2018 (HL11393 and HL11394), and 17 May (HL15556), what plans they have to introduce legislation to prevent any abuse of the electoral system in the UK.
	tabling member printed	Lord Maginnis of Drumglass
	uin	HL16199
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>On 5th May the Minister for the Constitution announced a range of new measures to safeguard UK elections by cracking down on intimidation, influence and disinformation.</p><p>As part of that, the Government has committed to: legislating for a new electoral offence of intimidation; clarifying the electoral offence of undue influence of a voter; implementing an imprints regime for digital election material; and launching a consultation on electoral integrity. Before formally launching the consultation, the Government will be inviting the views of interested groups to establish what the consultation could seek to address, and also see what scope there is for broad cross-party agreement.</p><p>Any legislative changes relating to issues or specific cases in Northern Ireland would, however, be a matter for the Secretary of State for Northern Ireland.</p> answering member printed Lord Young of Cookham question first answered 17/06/2019 14:10:20 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	648 label Biography information for Lord Maginnis of Drumglass