Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1197875

registered interest
date	21/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income: Coronavirus
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 of (1) current social distancing measures on GDP, and (2) the impending recession referred to by the Chancellor of the Exchequer at the Economic Affairs Committee on 19 May, on GDP. [T]
tabling member printed	Lord Lamont of Lerwick
uin	HL4840
answer	answer is ministerial correction date of answer 29/05/2020 answer text <p>HM Treasury does not produce forecasts of the economy or public finances.</p><p> </p><p>The Office for Budget Responsibility (OBR) is responsible for producing forecasts of the economy and public finances. On 14 April the OBR published a reference scenario assessing the potential impact of coronavirus. In this scenario GDP is assumed to fall by 35 per cent in the second quarter of 2020 before recovering in subsequent quarters. The OBR note that the Government’s policy response should help limit the long-term damage to the economy and public finances.</p> answering member printed Lord Agnew of Oulton question first answered 29/05/2020 12:16:41 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	895 label Biography information for Lord Lamont of Lerwick

1197210

registered interest
date	19/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	International Monetary System
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to support proposals made at the IMF and World Bank spring meetings to issue additional Special Drawing Rights to (1) African, and (2) other IMF members, in need of liquidity.
tabling member printed	Lord Chidgey
uin	HL4679
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>The Government has been vocal in supporting the IMF in its response to liquidity challenges posed by Covid-19.</p><p> </p><p>In response to the crisis, the IMF has doubled its concessional emergency financing support available through the Poverty Reduction and Growth Trust (PRGT) and provided debt relief through the Catastrophe Containment and Relief Trust (CCRT). Several African countries have benefited from support from the PRGT and CCRT.</p><p> </p><p>The UK has strongly supported these efforts. In the face of increased demand for PRGT and CCRT resources, the UK has recently agreed a new £2.2bn loan to the PRGT and provided a contribution of up to £150m to the CCRT.</p><p> </p><p>The Government welcomes the IMF’s recent agreement on a new instrument, the Short-term Liquidity Line, to provide liquidity support for IMF members with strong macro-economic fundamentals. The Government has also encouraged the IMF to keep the possibility of a Special Drawing Rights allocation under review, and will continue to do so.</p><p> </p><p>HM Treasury is the department responsible for the UK’s relationship with the IMF. The relevant Cabinet committees have agreed on the importance of supporting vulnerable countries in responding to the crisis, including through the IMF.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL4606 question first answered 02/06/2020 15:54:16 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	50 label Biography information for Lord Chidgey

1196883

registered interest
date	18/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they will provide greater clarity on their plans for the phasing out of current emergency financial measures and the phasing in of any further support measures, so that businesses and organisations have time to assess the implications and plan accordingly.
tabling member printed	Baroness Drake
uin	HL4594
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>As the economy re-opens, we are looking at how to adjust our support in a way that ensures people can get back to work, protecting both the UK economy and the livelihoods of the British people.</p><p> </p><p>On the Coronavirus Job Retention Scheme, the Chancellor has been clear that getting people back to work will be introduced in a measured way, avoiding a cliff edge. The scheme will run in full until July. We will then introduce more flexibility so that we move out of the scheme in a measured way that protects people’s incomes and helps support furloughed employees as they return to work. This will run for three months from August through to the end of October.</p><p> </p><p>The Government will continue to monitor developments to understand the impacts of COVID-19 on individuals and businesses.</p> answering member printed Lord Agnew of Oulton question first answered 02/06/2020 15:57:17 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4155 label Biography information for Baroness Drake

1196895

registered interest
date	18/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	International Monetary System
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what discussions the Foreign and Commonwealth Office had with Cabinet colleagues on their policy at the International Monetary Fund and World Bank Spring meetings on the issuing of additional special drawing rights to (1) African countries, and (2) other IMF members, which need the liquidity.
tabling member printed	Lord Chidgey
uin	HL4606
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>The Government has been vocal in supporting the IMF in its response to liquidity challenges posed by Covid-19.</p><p> </p><p>In response to the crisis, the IMF has doubled its concessional emergency financing support available through the Poverty Reduction and Growth Trust (PRGT) and provided debt relief through the Catastrophe Containment and Relief Trust (CCRT). Several African countries have benefited from support from the PRGT and CCRT.</p><p> </p><p>The UK has strongly supported these efforts. In the face of increased demand for PRGT and CCRT resources, the UK has recently agreed a new £2.2bn loan to the PRGT and provided a contribution of up to £150m to the CCRT.</p><p> </p><p>The Government welcomes the IMF’s recent agreement on a new instrument, the Short-term Liquidity Line, to provide liquidity support for IMF members with strong macro-economic fundamentals. The Government has also encouraged the IMF to keep the possibility of a Special Drawing Rights allocation under review, and will continue to do so.</p><p> </p><p>HM Treasury is the department responsible for the UK’s relationship with the IMF. The relevant Cabinet committees have agreed on the importance of supporting vulnerable countries in responding to the crisis, including through the IMF.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL4679 question first answered 02/06/2020 15:54:16 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	50 label Biography information for Lord Chidgey

1196919

registered interest
date	18/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the (1) application, and (2) rates, of VAT will remain the same in Northern Ireland and Great Britain following the end of the transition period for the UK's withdrawal from the EU.
tabling member printed	Lord Empey
uin	HL4630
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>The Northern Ireland Protocol includes provisions that affect the operation of VAT and excise in Northern Ireland after the transition period.</p><p> </p><p>The Protocol ensures that Northern Ireland remains part of the UK’s VAT and excise systems, with HMRC continuing to be responsible for the operation and collection of these revenues and Parliament responsible for setting rates across the UK.</p><p> </p><p>The Protocol also ensures that the Government could apply certain zero-rates or reduced rates in the UK, including Northern Ireland, in the future; enabling, for example, the Government to meet its commitment to introduce a zero-rate for women’s sanitary products across the UK.</p> answering member printed Lord Agnew of Oulton question first answered 02/06/2020 15:56:39 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4216 label Biography information for Lord Empey

1196928

registered interest
date	18/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance Companies
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to review the effect of deteriorating credit quality on the (1) profits, and (2) capital generated to meet claims, of life insurance companies under the matching adjustment permitted by the Prudential Regulation Authority.
tabling member printed	Lord Myners
uin	HL4639
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>Since the onset of the crisis caused by covid-19, the Government has been monitoring any impact of any deteriorating credit quality on the profits and capital generated to meet the claims of life insurance companies closely. We monitor developments in the profitability, liquidity and solvency of insurance companies, including the impact of credit quality on the matching adjustment and any resulting impact on these metrics. The Prudential Regulation Authority continually keeps the operation of the matching adjustment under review.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 02/06/2020 15:51:53 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1196932

registered interest
date	18/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Agnew of Oulton on 31 March (HL2729), how many people, recorded in HMRC’s Real Time Information records as earning below the personal tax threshold, were contributing at work to a pension scheme using the Relief at Source method of income tax relief in the tax years after 2016; and, of these, how many were (1) women, and (2) men.
tabling member printed	Baroness Altmann
uin	HL4642
answer	answer is ministerial correction date of answer 02/06/2020 answer text <p>HMRC estimate that 1.3m individuals earning below the personal allowance in 2017-18 made workplace pension contributions via Real Time Information (RTI) using relief at source arrangements. About 65% of these individuals are estimated to be female and 35% are estimated to be male.</p><p> </p><p>The personal allowance in 2017-18 was £11,500.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) and administrative data was used to produce the estimates. The 2017-18 SPI data (published in March 2020) is the latest year available. The SPI is updated annually.</p> answering member printed Lord Agnew of Oulton question first answered 02/06/2020 15:55:33 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4533 label Biography information for Baroness Altmann

1195949

registered interest
date	14/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs: Republic of Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to augment customs arrangements between Great Britain and the Republic of Ireland after 1 January 2021.
tabling member printed	Lord Empey
uin	HL4495
answer	answer is ministerial correction date of answer 26/05/2020 answer text <p>The UK will be leaving the Customs Union at the end of this year. The Government will implement customs arrangements that facilitate trade and investment between the UK and EU, but that ensure customs authorities are able to protect their regulatory, security and financial interests.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 26/05/2020 13:28:44 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4216 label Biography information for Lord Empey

1195950

registered interest
date	14/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether goods moving between Northern Ireland and Great Britain will be subject to customs inspections once the UK has fully withdrawn from the EU.
tabling member printed	Lord Empey
uin	HL4496
answer	answer is ministerial correction date of answer 26/05/2020 answer text <p>Under the UK’s Withdrawal Agreement, Northern Ireland remains part of the UK’s customs territory. As set out in the <em>New Decade, New Approach</em> deal, the Government has committed to legislate to guarantee unfettered access for Northern Ireland’s businesses to the whole of the UK internal market and to ensure that this legislation is in force for 1 January 2021. The arrangements that the Government introduces will reflect this approach and the Government will set out more detail in due course.</p><p><strong> </strong></p> answering member printed Lord Agnew of Oulton question first answered 26/05/2020 13:31:42 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4216 label Biography information for Lord Empey

1195952

registered interest
date	14/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether customs officers will have powers to prevent goods moving between Northern Ireland and Great Britain following the UK's withdrawal from the EU.
tabling member printed	Lord Empey
uin	HL4498
answer	answer is ministerial correction date of answer 26/05/2020 answer text <p>Under the UK’s Withdrawal Agreement, Northern Ireland remains part of the UK’s customs territory. The Withdrawal Agreement allows the UK to ensure unfettered market access for goods moving from Northern Ireland to Great Britain. The arrangements that the Government introduces will reflect this approach and the Government will set out more detail in due course.</p> answering member printed Lord Agnew of Oulton question first answered 26/05/2020 13:32:29 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4216 label Biography information for Lord Empey