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1246898

	registered interest
	date	28/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Save as You Earn
	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 total value forfeited in share growth as a result of participants in Save As You Earn schemes exiting as bad leavers in each of the last five years.
	tabling member printed	Lord Flight
	uin	HL9722
	answer	answer is ministerial correction date of answer 12/11/2020 answer text <p>The Save As You Earn (SAYE) scheme is a tax-advantaged employee share scheme offered by the Government.</p><p> </p><p>A “bad leaver” from a SAYE scheme is a participant that does not meet the good leaver provisions as defined in the legislation at paragraph 34 of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003.</p><p> </p><p>HMRC collects data at the points at which employees enter or leave SAYE schemes but this does not directly include data on “bad leavers”.</p><p><strong> </strong></p> answering member printed Lord Agnew of Oulton grouped question UIN HL9720 HL9721 question first answered 12/11/2020 11:38:37 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4211 label Biography information for Lord Flight

1655155

	registered interest
	date	25/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	NatWest
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what guidance, if any, they give to the management of NatWest about their expectations, in managing their 38.6% shareholding in that company.
	tabling member printed	Lord Lamont of Lerwick
	uin	HL9693
	answer	answer is ministerial correction date of answer 08/08/2023 answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p> answering member printed Baroness Penn grouped question UIN HL9694 HL9695 HL9696 question first answered 08/08/2023 10:50:03 answering member 4726 label Biography information for Baroness Penn
	tabling member	895 label Biography information for Lord Lamont of Lerwick

1655156

	registered interest
	date	25/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Nigel Farage
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether, as 38.6% shareholders in NatWest, they will request the company to investigate the briefings provided to the BBC about the alleged financial position of Nigel Farage.
	tabling member printed	Lord Lamont of Lerwick
	uin	HL9694
	answer	answer is ministerial correction date of answer 08/08/2023 answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p> answering member printed Baroness Penn grouped question UIN HL9693 HL9695 HL9696 question first answered 08/08/2023 10:50:03 answering member 4726 label Biography information for Baroness Penn
	tabling member	895 label Biography information for Lord Lamont of Lerwick

1655157

	registered interest
	date	25/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Nigel Farage
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what assessment they have made, given their 38.6% shareholding in NatWest, of the descriptions of the “purpose” and “values” of NatWest in the papers released to Nigel Farage.
	tabling member printed	Lord Lamont of Lerwick
	uin	HL9695
	answer	answer is ministerial correction date of answer 08/08/2023 answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p> answering member printed Baroness Penn grouped question UIN HL9693 HL9694 HL9696 question first answered 08/08/2023 10:50:03 answering member 4726 label Biography information for Baroness Penn
	tabling member	895 label Biography information for Lord Lamont of Lerwick

1655158

	registered interest
	date	25/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	NatWest: Fossil Fuels
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what assessment they have made, given their 38.6% shareholding in NatWest, of the decision by NatWest to give no loans for new oil and gas projects.
	tabling member printed	Lord Lamont of Lerwick
	uin	HL9696
	answer	answer is ministerial correction date of answer 08/08/2023 answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p> answering member printed Baroness Penn grouped question UIN HL9693 HL9694 HL9695 question first answered 08/08/2023 10:50:01 answering member 4726 label Biography information for Baroness Penn
	tabling member	895 label Biography information for Lord Lamont of Lerwick

1655031

	registered interest
	date	24/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Expenditure: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what Barnett consequentials were made available to the Northern Ireland Executive in the last three years for which figures are available.
	tabling member printed	Lord Empey
	uin	HL9615
	answer	answer is ministerial correction date of answer 07/08/2023 answer text <p>Spending Review 2021 set the largest annual block grants, in real terms, of any spending review settlement since the devolution Acts. This provided £15 billion per year for the Northern Ireland Executive.</p><p> </p><p>The Block Grant Transparency document details the Barnett consequentials that have been provided to the Northern Ireland Executive in the last three years, as well as other changes to the block grant including surrenders<sup>1</sup>. The Northern Ireland Executive received the following Barnett consequentials: £2.3 billion in 2021-22, £1.8 billion in 2022-23 and £2 billion in 2023-24.</p><p> </p><p>The Northern Ireland Executive can utilise Budget Exchange at Supplementary Estimates each financial year to move planned or unexpected underspends between years. The Northern Ireland Executive accessed £40m of Budget Exchange in 2020-21, £134m in 2021-22, and £130m in 2022-23. This mechanism means that typically no, or very little, general resource or capital funding is returned to the Treasury at the end of the year. There was an increase in capital underspends during the COVID years and underspends in ringfenced resource spending are more common given the terms of those funding streams.</p><p> </p><p>The Northern Ireland Executive are well funded to deliver all their devolved responsibilities, receiving at least 20% more funding per person than equivalent UK Government spending in other parts of the UK.</p><p><strong> </strong></p><ol><li><a href="https://www.gov.uk/government/publications/block-grant-transparency-july-2023#:~:text=The%20Block%20Grant%20Transparency%20sets,Northern%20Ireland%20Executive%20are%20calculated." target="_blank">Block Grant Transparency: July 2023 - GOV.UK (www.gov.uk)</a></li><li><a href="https://www.finance-ni.gov.uk/publications/estimates-publications" target="_blank">https://www.finance-ni.gov.uk/publications/estimates-publications</a></li></ol> answering member printed Baroness Penn grouped question UIN HL9616 question first answered 07/08/2023 14:49:47 answering member 4726 label Biography information for Baroness Penn
	tabling member	4216 label Biography information for Lord Empey

1655079

	registered interest
	date	24/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Expenditure: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how much unspent money were returned to HM Treasury by the Northern Ireland Executive in the last three years for which figures are available.
	tabling member printed	Lord Empey
	uin	HL9616
	answer	answer is ministerial correction date of answer 07/08/2023 answer text <p>Spending Review 2021 set the largest annual block grants, in real terms, of any spending review settlement since the devolution Acts. This provided £15 billion per year for the Northern Ireland Executive.</p><p> </p><p>The Block Grant Transparency document details the Barnett consequentials that have been provided to the Northern Ireland Executive in the last three years, as well as other changes to the block grant including surrenders<sup>1</sup>. The Northern Ireland Executive received the following Barnett consequentials: £2.3 billion in 2021-22, £1.8 billion in 2022-23 and £2 billion in 2023-24.</p><p> </p><p>The Northern Ireland Executive can utilise Budget Exchange at Supplementary Estimates each financial year to move planned or unexpected underspends between years. The Northern Ireland Executive accessed £40m of Budget Exchange in 2020-21, £134m in 2021-22, and £130m in 2022-23. This mechanism means that typically no, or very little, general resource or capital funding is returned to the Treasury at the end of the year. There was an increase in capital underspends during the COVID years and underspends in ringfenced resource spending are more common given the terms of those funding streams.</p><p> </p><p>The Northern Ireland Executive are well funded to deliver all their devolved responsibilities, receiving at least 20% more funding per person than equivalent UK Government spending in other parts of the UK.</p><p><strong> </strong></p><ol><li><a href="https://www.gov.uk/government/publications/block-grant-transparency-july-2023#:~:text=The%20Block%20Grant%20Transparency%20sets,Northern%20Ireland%20Executive%20are%20calculated." target="_blank">Block Grant Transparency: July 2023 - GOV.UK (www.gov.uk)</a></li><li><a href="https://www.finance-ni.gov.uk/publications/estimates-publications" target="_blank">https://www.finance-ni.gov.uk/publications/estimates-publications</a></li></ol> answering member printed Baroness Penn grouped question UIN HL9615 question first answered 07/08/2023 14:49:47 answering member 4726 label Biography information for Baroness Penn
	tabling member	4216 label Biography information for Lord Empey

1246422

	registered interest
	date	22/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government why they ceased publication of Coronavirus Job Retention Scheme data by local authority area in May 2020.
	tabling member printed	Baroness Barker
	uin	HL9459
	answer	answer is ministerial correction date of answer 05/11/2020 answer text <p>HM Revenue and Customs published statistics on the Coronavirus Job Retention Scheme in August 2020 which included a breakdown of the number of employments furloughed at both local authority and Parliamentary constituency level. Those statistics provided figures on the cumulative total number of employments furloughed at any time between March 2020 and June 2020 by local authority and Parliamentary constituency.</p><p> </p><p>In addition to this, the latest issue of these statistics, published in October 2020, included data on the number of jobs furloughed at local authority and Parliamentary constituency level as at 31 August. Both of these breakdowns also split the figures for each area by gender and are based on claims received until the end of September. Both of these statistics releases can be found on the Internet at the addresses in the footnote to this answer.</p><p><strong> </strong></p><p>HMRC published local authority and Parliamentary constituency breakdowns in the June, July and August CJRS statistics, but these were temporarily removed from the September release. HMRC did not cease publication of these statistics in May.</p><p> </p><p>The temporary removal of the local authority and Parliamentary constituency breakdowns from the September release was done in order to enable the statistics to be released in a timely manner, while dealing with the additional work associated with substantial changes to the data and the statistics following the introduction of the flexible furlough element of the job retention scheme.</p><p> </p><p>HMRC continue to monitor the use of these statistics and make improvements as necessary.</p><p> </p><p><strong>Footnote text:</strong></p><p>August 2020 Coronavirus Job Retention Scheme statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020</a></p><p>October 2020 CJRS statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020</a></p> answering member printed Lord Agnew of Oulton grouped question UIN HL9460 HL9461 question first answered 05/11/2020 10:48:10 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	2501 label Biography information for Baroness Barker

1246423

	registered interest
	date	22/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	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 publish Coronavirus Job Retention Scheme data by local authority area from May 2020 onwards.
	tabling member printed	Baroness Barker
	uin	HL9460
	answer	answer is ministerial correction date of answer 05/11/2020 answer text <p>HM Revenue and Customs published statistics on the Coronavirus Job Retention Scheme in August 2020 which included a breakdown of the number of employments furloughed at both local authority and Parliamentary constituency level. Those statistics provided figures on the cumulative total number of employments furloughed at any time between March 2020 and June 2020 by local authority and Parliamentary constituency.</p><p> </p><p>In addition to this, the latest issue of these statistics, published in October 2020, included data on the number of jobs furloughed at local authority and Parliamentary constituency level as at 31 August. Both of these breakdowns also split the figures for each area by gender and are based on claims received until the end of September. Both of these statistics releases can be found on the Internet at the addresses in the footnote to this answer.</p><p><strong> </strong></p><p>HMRC published local authority and Parliamentary constituency breakdowns in the June, July and August CJRS statistics, but these were temporarily removed from the September release. HMRC did not cease publication of these statistics in May.</p><p> </p><p>The temporary removal of the local authority and Parliamentary constituency breakdowns from the September release was done in order to enable the statistics to be released in a timely manner, while dealing with the additional work associated with substantial changes to the data and the statistics following the introduction of the flexible furlough element of the job retention scheme.</p><p> </p><p>HMRC continue to monitor the use of these statistics and make improvements as necessary.</p><p> </p><p><strong>Footnote text:</strong></p><p>August 2020 Coronavirus Job Retention Scheme statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020</a></p><p>October 2020 CJRS statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020</a></p> answering member printed Lord Agnew of Oulton grouped question UIN HL9459 HL9461 question first answered 05/11/2020 10:48:10 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	2501 label Biography information for Baroness Barker

1246424

	registered interest
	date	22/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	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 publish Coronavirus Job Retention Scheme data by UK Parliamentary constituency.
	tabling member printed	Baroness Barker
	uin	HL9461
	answer	answer is ministerial correction date of answer 05/11/2020 answer text <p>HM Revenue and Customs published statistics on the Coronavirus Job Retention Scheme in August 2020 which included a breakdown of the number of employments furloughed at both local authority and Parliamentary constituency level. Those statistics provided figures on the cumulative total number of employments furloughed at any time between March 2020 and June 2020 by local authority and Parliamentary constituency.</p><p> </p><p>In addition to this, the latest issue of these statistics, published in October 2020, included data on the number of jobs furloughed at local authority and Parliamentary constituency level as at 31 August. Both of these breakdowns also split the figures for each area by gender and are based on claims received until the end of September. Both of these statistics releases can be found on the Internet at the addresses in the footnote to this answer.</p><p><strong> </strong></p><p>HMRC published local authority and Parliamentary constituency breakdowns in the June, July and August CJRS statistics, but these were temporarily removed from the September release. HMRC did not cease publication of these statistics in May.</p><p> </p><p>The temporary removal of the local authority and Parliamentary constituency breakdowns from the September release was done in order to enable the statistics to be released in a timely manner, while dealing with the additional work associated with substantial changes to the data and the statistics following the introduction of the flexible furlough element of the job retention scheme.</p><p> </p><p>HMRC continue to monitor the use of these statistics and make improvements as necessary.</p><p> </p><p><strong>Footnote text:</strong></p><p>August 2020 Coronavirus Job Retention Scheme statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020</a></p><p>October 2020 CJRS statistics can be found here: <a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-october-2020</a></p> answering member printed Lord Agnew of Oulton grouped question UIN HL9459 HL9460 question first answered 05/11/2020 10:48:10 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	2501 label Biography information for Baroness Barker