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93104

registered interest
date	14/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Torbay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many visits were made by Ministers of his Department to Torbay constituency in the 12 months to 14 October 2014; whom the invitation for each such visit was issued by; and what the cost to the public purse was of each such visit.
tabling member constituency	Torbay
tabling member printed	Mr Adrian Sanders
uin	210485
answer	answer is ministerial correction date of answer 21/10/2014 answer text <p>Details of Ministers’ visits are published quarterly and can be found at <del class="ministerial"><a href="https://www.gov.uk/government/collections/ministers-transparency-publications" target="_blank">https://www.gov.uk/government/collections/ministers-transparency-publications</a></del><ins class="ministerial"><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></ins></p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 21/10/2014 12:19:24 question first ministerially corrected 23/10/2014 11:16:44 answering member 4117 label Biography information for Andrea Leadsom previous answer version 23231 answering member constituency South Northamptonshire answering member printed Andrea Leadsom answering member 4117 label Biography information for Andrea Leadsom
tabling member	237 label Biography information for Mr Adrian Sanders

93109

registered interest
date	14/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether the Governor of the Bank of England in his role as Chairman of the Financial Stability Board has recently raised with him risks to the financial stability of the UK.
tabling member constituency	Newcastle upon Tyne East
tabling member printed	Mr Nicholas Brown
uin	210335
answer	answer is ministerial correction date of answer 20/10/2014 answer text <p>The Financial Stability Board (FSB) works to establish and promote the implementation of effective financial sector policies that build financial stability at the international level. The FSB monitors and assesses vulnerabilities affecting the global financial system and proposes actions needed to address them. One of the ways it does this is through the semi-annual joint early warning exercise in conjunction with the IMF.</p><p> </p><p> </p><p> </p><p>The risks raised by the FSB tend to be relevant to the UK, as a global financial centre. In his role as Chairman, the Governor of the Bank of England keeps G20 Finance Ministers, including the Chancellor of the Exchequer, updated on the activities of the FSB.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 20/10/2014 10:40:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	523 label Biography information for Mr Nicholas Brown

92962

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the value is of sold RBS assets overseas; and how much of that value has been returned to his Department.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	210243
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>HM Treasury does not hold information relating to the value of assets overseas that have been sold by RBS.</p><p> </p><p> </p><p> </p><p>HM Treasury does not directly receive proceeds from the disposal of RBS assets, rather it retains value through its shareholdings in the company.</p><p> </p><p> </p><p> </p><p>RBS is run on a fully commercial basis, at arm’s length from HM Treasury. It retains its own board of directors who are responsible for the commercial decisions of RBS. HM Treasury is not involved in the disposal decisions or execution process for individual assets.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/10/2014 16:16:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4131 label Biography information for Jim Shannon

93034

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector Debt: UN Resolutions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reason the UK voted against UN Resolution A/68/L.57/Rev.1, entitled Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes, on 9 September 2014.
tabling member constituency	Wirral South
tabling member printed	Alison McGovern
uin	210225
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>The Government is actively engaged in ongoing discussions in a number of international fora, to reform the framework for sovereign debt restructurings. As outlined in the joint-EU Explanation of Vote on this Resolution, as with a number of other Governments, the UK Government was not in a position to support this UN resolution given concerns over the lack of time afforded to members to discuss the complex issues it raised.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/10/2014 16:25:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4083 label Biography information for Alison McGovern

93056

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to ensure that businesses in the RBS Capital Resolution bank are restored to the good bank within RBS.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210142
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210140 210141 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

93057

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many businesses with commercial loans transferred to RBS Capital Resolution have been taken out of that division of the bank and restored to the good bank.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210141
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210140 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

93058

registered interest
date	13/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RBS Capital Resolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total amount is of commercial loan values that have been transferred to RBS Capital Resolution since its inception.
tabling member constituency	Liverpool, Walton
tabling member printed	Steve Rotheram
uin	210140
answer	answer is ministerial correction date of answer 16/10/2014 answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210141 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4035 label Biography information for Steve Rotheram

92438

registered interest
date	10/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Acorn Agricultural Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what licenses the Financial Conduct Authority has granted Acorn Agriculture Finance Ltd in each of the last five years.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	209889
answer	answer is ministerial correction date of answer 17/10/2014 answer text <p>This question has been passed on to the FCA. The FCA will reply to the honorable gentleman directly by letter. A copy of the response will be placed in the Library of the House.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/10/2014 12:41:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	534 label Biography information for Chris Ruane

91903

registered interest
date	26/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector Debt: UN Resolutions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons the UK voted against UN General Assembly Resolution A/68/L.57/Rev. 1, Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes.
tabling member constituency	Birmingham, Hall Green
tabling member printed	Mr Roger Godsiff
uin	209454
answer	answer is ministerial correction date of answer 15/10/2014 answer text <p>The Government is actively engaged in ongoing discussions in a number of international fora, to reform the framework for sovereign debt restructurings. As outlined in the joint-EU Explanation of Vote on this Resolution, the Government was not in a position to support this UN resolution given concerns over the lack of time afforded to members to discuss the complex issues it raised.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 15/10/2014 14:48:17 answering member 4117 label Biography information for Andrea Leadsom
tabling member	304 label Biography information for Mr Roger Godsiff

91905

registered interest
date	26/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many (a) direct employees, (b) outsourced workers and (c) workers in agencies which report to his Department are paid less than the Living Wage as defined by the Living Wage Foundation.
tabling member constituency	Birkenhead
tabling member printed	Mr Frank Field
uin	209496
answer	answer is ministerial correction date of answer 15/10/2014 answer text <p>HM Treasury and staff working in its agencies do not have any employees earning less than the living wage.</p><p> </p><p>We do not hold information on wages paid by our suppliers.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 15/10/2014 14:55:26 answering member 4117 label Biography information for Andrea Leadsom
tabling member	478 label Biography information for Lord Field of Birkenhead