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605482

registered interest
date	18/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance Companies: Greater London
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have made an assessment of the impact of the potential loss of EU passporting rights on the international insurance and reinsurance companies operating in London, following the UK's departure from the EU.
tabling member printed	The Earl of Kinnoull
uin	HL2402
answer	answer is ministerial correction date of answer 01/11/2016 answer text <p>The Government is committed to getting the best possible deal for the UK financial services sector following the UK's departure from the EU.</p><p> </p><p>The insurance sector is diverse and the Government recognises that many firms are focused on domestic markets only. However, the Government understands that EU market access is important to the London Market, a leading global centre of expertise for specialist and commercial insurance, which provides valuable services to businesses in the EU and internationally.</p><p> </p><p>The Government has already engaged with international insurance and reinsurance companies and other key stakeholders in the insurance sector, and will continue to do so over the coming weeks and months. We are carefully analysing the impacts that withdrawal from the EU will have on their businesses, consumers and on other related economic activities. We will listen to concerns, aim to limit uncertainty in the transition and ensure our new relationship with the EU works for such businesses.</p> answering member printed Lord Young of Cookham question first answered 01/11/2016 13:14:27 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4354 label Biography information for The Earl of Kinnoull

605493

registered interest
date	18/10/2016
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 the impact of the fall in the value of sterling on the UK’s indebtedness.
tabling member printed	Lord Empey
uin	HL2413
answer	answer is ministerial correction date of answer 01/11/2016 answer text <p>All public debt issued by the UK government is denominated in pounds sterling. Therefore, any changes in the value of the currency do not affect the UK government’s indebtedness.</p> answering member printed Lord Young of Cookham question first answered 01/11/2016 13:14:46 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4216 label Biography information for Lord Empey

605509

registered interest
date	18/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Situation: Forecasts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they (1) have confidence in the economic forecasting capability of HM Treasury, (2) have evaluated the performance of HM Treasury forecasters, and (3) have considered the case for outsourcing some or all of HM Treasury's forecasting functions to another organisation.
tabling member printed	Lord Myners
uin	HL2429
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances. It publishes regular Forecast Evaluation Reports (FERs) in which it compares its forecasts to subsequent outturns and explains any forecast errors.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 16:17:53 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

603970

registered interest
date	17/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inflation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will explain the basis on which the inflation target for the Bank of England’s Monetary Policy Committee is set; and the circumstances in which that figure would be raised above two per cent.
tabling member printed	Lord Myners
uin	HL2366
answer	answer is ministerial correction date of answer 31/10/2016 answer text <p>A comprehensive Review of the Monetary Policy Framework was published in 2013. The current remit for the Monetary Policy Committee reflects the assessment set out in the 2013 Review, which includes retaining a flexible inflation targeting framework, with a 2 per cent symmetric inflation target. The remit also states that the MPC may allow inflation to deviate from this target temporarily in order not to cause undesirable volatility in output due to the short-term trade-offs involved.</p><p> </p> answering member printed Lord Young of Cookham question first answered 31/10/2016 15:30:20 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners