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752425

	registered interest
	date	17/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what assumptions they made in forecasting expected revenue from the three percentage point stamp duty levy on the purchase of additional homes and homes available for rent.
	tabling member printed	Lord Flight
	uin	HL871
	answer	answer is ministerial correction date of answer 27/07/2017 answer text The key assumptions behind the forecast for expected revenue from the Stamp Duty Land Tax (SDLT) higher rates for additional properties are as set out in the Spending Review and Autumn Statement 2015 and Budget 2016 policy costings. The tax base was estimated by combining price and volumes data from the Council of Mortgage Lenders, Census 2011 and administrative data from SDLT and Council Tax. The tax base was projected to grow over the forecast period in line with the OBR Autumn Statement 2015 forecasts for residential SDLT, residential transactions and average house prices. The costing also accounted for a behavioural response. At Budget 2016 the size of the tax base was re-estimated by the OBR using HM Revenue and Customs administrative data from SDLT returns. answering member printed Lord Bates question first answered 27/07/2017 08:54:59 answering member 1091 label Biography information for Lord Bates
	tabling member	4211 label Biography information for Lord Flight

753297

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is the HMRC budget for national minimum wage enforcement for 2017–18; how many staff are expected to be employed by HMRC in national minimum wage enforcement in 2017–18; and how many staff were employed in each of the last five years.
	tabling member printed	Baroness Jolly
	uin	HL985
	answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>The Government has more than trebled annual funding of minimum wage enforcement since 2014, providing a total budget of £25.3m in 2017-18. As at 1 April 2017, there were 399 staff in post in HMRC’s NMW teams. HMRC are 90% staffed against current recruitment plans for the year.</p><p> </p><p>For the previous 5 years NMW staff figures I refer the honourable member to UIN 58599 and UIN 16938.</p> answering member printed Lord Bates question first answered 25/07/2017 10:03:45 answering member 1091 label Biography information for Lord Bates
	tabling member	4203 label Biography information for Baroness Jolly

731064

	registered interest
	date	21/06/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is the annual average total cost saving to private schools in England and Wales from the tax relief granted by their charitable status.
	tabling member printed	Lord Ouseley
	uin	HL72
	answer	answer is ministerial correction date of answer 27/06/2017 answer text <p>The information is not available. Data held on charitable tax reliefs cannot be broken down into such sector specific detail.</p> answering member printed Lord Bates question first answered 27/06/2017 15:45:23 answering member 1091 label Biography information for Lord Bates
	tabling member	2170 label Biography information for Lord Ouseley

752460

	registered interest
	date	17/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Banking Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL906
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1001 HL1002 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753314

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Insurance and Occupational Pensions Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL1002
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1001 HL906 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753313

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Securities and Markets Authority.
	tabling member printed	Lord Lester of Herne Hill
	uin	HL1001
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> answering member printed Lord Bates grouped question UIN HL1002 HL906 question first answered 31/07/2017 13:39:43 answering member 1091 label Biography information for Lord Bates
	tabling member	2037 label Biography information for Lord Lester of Herne Hill

753333

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the contribution of the mutual reinsurer Pool Re to the mitigation of terrorism risk.
	tabling member printed	Lord Patten
	uin	HL1021
	answer	answer is ministerial correction date of answer 01/08/2017 answer text <p>Pool Re is a Government backed terrorism reinsurance scheme, established after insurers withdrew from proving terrorism cover in the wake of the IRA bombing campaign in the 1990s, which left businesses unprotected.</p><p> </p><p>Pool Re provides reinsurance to its members and is backed by a Government guarantee to ensure they can provide cover for losses resulting from acts of terrorism, while being protected from catastrophic losses. This helps businesses insure against the financial risks of a terrorist attack. To date, Pool Re has dealt with 16 separate terrorism events paying total losses in excess of £600m.</p><p> </p><p>Treasury is in active discussions with Pool Re in relation to the evolving nature of the terrorism threat.</p> answering member printed Lord Bates question first answered 01/08/2017 10:56:44 answering member 1091 label Biography information for Lord Bates
	tabling member	1137 label Biography information for Lord Patten

753275

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the level of smuggling of fuel and other items along the border between Northern Ireland and the Republic of Ireland.
	tabling member printed	Lord Empey
	uin	HL963
	answer	answer is ministerial correction date of answer 31/07/2017 answer text <p>HM Revenue &amp; Customs (HMRC) do not have a breakdown of the level of smuggling or the value of smuggled items along the border between Northern Ireland and the Republic of Ireland.</p><p> </p><p>HMRC publishes estimates of tax gap for fuel and other excise goods. The latest estimates are included at pages 33 to 49 of ‘Measuring Tax Gaps 2016’</p><p> </p><p>These estimates cannot be disaggregated by type of fraud, such as smuggling. The estimate of the market share for illicit diesel in Northern Ireland is 8%, which amounts to about £50m in lost revenue.</p><p> </p><p>HMRC continually reviews its approach to tackling tax fraud. In respect of the border between Northern Ireland and the Republic of Ireland, HMRC plays a proactive role in the Organised Crime Taskforce, chairing the Cross Border Enforcement Groups on tobacco and fuel fraud.</p><p>HMRC continually monitors the threat from the smuggling of heating oil. There is currently no evidence to suggest that home heating oil has become the main hydrocarbon fuel smuggled across the border between Northern Ireland and the Republic of Ireland.</p> answering member printed Lord Bates question first answered 31/07/2017 11:24:24 answering member 1091 label Biography information for Lord Bates
	tabling member	4216 label Biography information for Lord Empey

751159

	registered interest
	date	12/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Patrol Craft
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their assessment of the state of the UK economy and of whether it is growing or shrinking; and in the light of that assessment, whether they intend to continue with Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL756
	answer	answer is ministerial correction date of answer 21/07/2017 answer text <p>The fundamentals of the economy remain strong. The UK was the second fastest growing major advanced economy last year and since the start of 2010 the UK has grown by more than Germany and nearly twice as fast as France. The deficit has been cut by three quarters from its pre-crisis peak and the employment rate is the highest on record.</p><p> </p><p>The independent Office for Budget Responsibility provide the government with economic and fiscal forecasts for the UK economy twice a year. In their most recent forecast in March of this year, they forecast that growth would be 2.0% in 2017, 1.6% in 2018 and 1.7% in 2019.</p><p> </p><p>The public wants the Government to provide certainty and stability and get on with the immediate job of securing a new partnership with the EU which guarantees our long term prosperity.</p> answering member printed Lord Bates question first answered 21/07/2017 13:10:11 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

753271

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is their response to the analysis by the Office for Budget Responsibility that the UK's public finances are ill-positioned to withstand (1) a possible recession, (2) higher inflation, and (3) an increase in interest rates.
	tabling member printed	Lord Birt
	uin	HL959
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>The Office for Budget Responsibility’s (OBR) Fiscal Risks Report demonstrates that the public finances remain vulnerable to shocks. To enhance our resilience to such shocks it is vital that we get debt falling.</p><p> </p><p>To this end, we remain committed to bringing the public finances back to balance by the mid-2020s, with interim targets to reduce the structural deficit below 2% of GDP and get debt falling as a share of GDP by 2020-21.</p><p> </p><p>The government continues to consider carefully the findings within the OBR’s report. As required under the Charter for Budget Responsibility, the government will formally respond to the issues raised within the next year.</p> answering member printed Lord Bates question first answered 28/07/2017 13:33:39 answering member 1091 label Biography information for Lord Bates
	tabling member	2533 label Biography information for Lord Birt