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598057

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: North Korea
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the government of North Korea, or any of its state-owned companies, has access to the London Stock Exchange or holds financial interests in the UK.
tabling member printed	Lord Alton of Liverpool
uin	HL2086
answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>As part of UN and EU sanctions, banks are required to close existing branches, subsidiaries or accounts in North Korea where it has been determined that they contribute to North Korea’s ballistic missile programmes. The sanctions also prohibit any commercial activity by the Government of North Korea (including legal persons, entities or bodies owned or controlled by them).</p><p>Assets owned or controlled in the EU by designated DPRK persons, entities or bodies, including government bodies, are subject to an asset freeze and cannot be traded on the London Stock Exchange. A list of designations which has been placed in the Library includes a number of DPRK government and state-owned bodies. HM Treasury implements these financial sanctions in the UK. Non-compliance with financial sanctions is a criminal offence and HM Treasury works closely with law enforcement to ensure sanctions breaches are dealt with appropriately. For reasons of confidentiality, the Treasury does not make public the details of individual reports of frozen assets.</p> answering member printed Lord Young of Cookham question first answered 24/10/2016 13:49:21 answering member 57 label Biography information for Lord Young of Cookham
tabling member	738 label Biography information for Lord Alton of Liverpool

598073

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Exchange Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of whether the drop in the value of sterling in recent months reflects the markets' view of the likely future health of the UK economy.
tabling member printed	Lord Birt
uin	HL2102
answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> answering member printed Lord Young of Cookham grouped question UIN HL2120 question first answered 18/10/2016 14:25:15 answering member 57 label Biography information for Lord Young of Cookham
tabling member	2533 label Biography information for Lord Birt

598091

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Exchange Control
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have any plans to reintroduce exchange controls following Brexit.
tabling member printed	Lord Inglewood
uin	HL2120
answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> answering member printed Lord Young of Cookham grouped question UIN HL2102 question first answered 18/10/2016 14:25:15 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1980 label Biography information for Lord Inglewood

598092

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	UK Membership of EU
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 annual tax revenues derived from business activities dependent upon membership of the European Single Market; and what is the UK's annual net contribution to the EU budget.
tabling member printed	Lord Inglewood
uin	HL2121
answer	answer is ministerial correction date of answer 21/10/2016 answer text <p>As noted in the previous written answer in question (HL131), there have been no new estimates made for the impact on tax revenue since the EU referendum.</p><p> </p><p>Details of UK net contributions to the EU Budget over the period 2011-12 to 2015-16 can be found in Table C1, page 194, of the 2016 Public Expenditure Statistical Analyses (Cm 9322) which was published in July. This is available in the House library.</p><p> </p><p>This table also includes the Office for Budget Responsibility’s March forecast of UK net contributions to the EU Budget for the period 2016-17 to 2019-20.</p> answering member printed Lord Young of Cookham question first answered 21/10/2016 13:19:15 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1980 label Biography information for Lord Inglewood

598107

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	M20: Large Goods Vehicles
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the National Infrastructure Commission will examine the economic impact of (1) the deployment of Operation Stack in 2015, and (2) their plans for a lorry area to address problems caused by Operation Stack.
tabling member printed	Baroness Randerson
uin	HL2136
answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The National Infrastructure Commission (NIC) will examine strategic transport infrastructure when it conducts its first National Infrastructure Assessment.</p><p> </p><p>The Chancellor, together with the NIC, has launched a call for ideas to give stakeholders an opportunity to contribute their ideas for issues which could form the subject of future NIC studies. This process will help us ensure the NIC is focused on the country’s most critical infrastructure challenges.</p> answering member printed Lord Young of Cookham question first answered 18/10/2016 11:47:52 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4230 label Biography information for Baroness Randerson

598111

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank of England
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of comments by Kristin Forbes, a member of the Bank of England's Monetary Policy Committee, on possible over-counting of the economic effects of Brexit, what assessment they have made of the Bank of England's growth forecasts.
tabling member printed	Lord Taylor of Warwick
uin	HL2140
answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>The government has produced no such assessment of the independent Monetary Policy Committee’s forecasts for the UK economy.</p><p> </p><p>The independent Office for Budget Responsibility (OBR) has the responsibility to produce detailed forecasts for the economy and public finances twice a year. The OBR will produce forecasts to accompany the Autumn Statement on 23 November.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/10/2016 14:25:54 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

592883

registered interest
date	03/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cider: Excise Duties
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what plans they have to change the current duty structure for cider in the light of their statement that alcohol duties should be directly proportional to alcohol content.
tabling member printed	Baroness Finlay of Llandaff
uin	HL2009
answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>Current rules require that cider duty is structured in bands according to the strength of the product.</p><p> </p><p>The government continues to keep all taxes under review, and in that context is considering the views of stakeholders.</p> answering member printed Lord Young of Cookham question first answered 17/10/2016 15:50:03 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3609 label Biography information for Baroness Finlay of Llandaff