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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

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