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1140463

registered interest
date	18/07/2019
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Bain and Company
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 Young of Cookham on 15 July (HL16911), whether they will cease using Bain and Company for consultancy work.
tabling member printed	Lord Hain
uin	HL17296
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>I refer the noble Lord to my answer given to Question HL16911 on 15 July 2019.</p> answering member printed Lord Young of Cookham grouped question UIN HL17297 question first answered 22/07/2019 16:20:20 answering member 57 label Biography information for Lord Young of Cookham
tabling member	567 label Biography information for Lord Hain

1140464

registered interest
date	18/07/2019
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Bain and Company
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 Young of Cookham on 15 July (HL16909), whether they will now (1) cancel existing future contracts, and (2) commit to not taking out any future contracts, with Bain and Company in the light of its consultancy work for the South African Revenue Service.
tabling member printed	Lord Hain
uin	HL17297
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>I refer the noble Lord to my answer given to Question HL16911 on 15 July 2019.</p> answering member printed Lord Young of Cookham grouped question UIN HL17296 question first answered 22/07/2019 16:20:20 answering member 57 label Biography information for Lord Young of Cookham
tabling member	567 label Biography information for Lord Hain

1140034

registered interest
date	17/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lendy: Insolvency
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 Young of Cookham on 19 June (HL16113), what discussions they have had with the Financial Conduct Authority about the case for that body to conduct an investigation into its decision to authorise Lendy when it had concerns about that firm’s compliance with minimum regulatory standards and the adequacy of disclosure to lenders; and what assessment they have made of the case for any such investigation to include whether any investors in Lendy (1) suffered losses as a result of that authorisation, and (2) are entitled to compensation from the FCA or another institution.
tabling member printed	Lord Myners
uin	HL17269
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>Treasury Ministers and officials have regular meetings with a wide variety of organisations in the public and private sectors, including the Financial Conduct Authority (FCA).</p><p> </p><p>The operationally independent FCA’s investigation into the circumstances that led to the administration of Lendy is ongoing, and it would be inappropriate for Government to pre-empt its findings.</p> answering member printed Lord Young of Cookham question first answered 23/07/2019 11:10:37 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

1139077

registered interest
date	15/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Finance
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 Young of Cookham on 8 July (HL16704), whether they will carry out a cumulative impact assessment of tax and spending decisions by gendered household type, which avoids the need to make assumptions about income sharing within households.
tabling member printed	Baroness Lister of Burtersett
uin	HL17162
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>The government carefully considers the impact of its decisions on those sharing protected characteristics - including gender - in line with both its legal obligations and with its strong commitment to promoting fairness.</p><p>However, analysis of the impact of tax and spending decisions by gendered household type will present a partial picture of the impact of policy decisions on different genders as most people live in households with other people.</p> answering member printed Lord Young of Cookham question first answered 22/07/2019 12:57:39 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4234 label Biography information for Baroness Lister of Burtersett

1139104

registered interest
date	15/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to change the pension arrangements for senior public servants, especially doctors in the NHS, as they approach retirement.
tabling member printed	Lord Trefgarne
uin	HL17189
answer	answer is ministerial correction date of answer 19/07/2019 answer text <p>The government keeps public sector pensions policy under constant review in the context of the wider public finances.</p><p> </p><p>The Secretary of State for Health and Social Care will shortly publish a consultation on proposals for a new flexibility for senior clinicians in the NHS pension scheme via the introduction of a 50:50 option.</p><p> </p> answering member printed Lord Young of Cookham question first answered 19/07/2019 11:07:28 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1813 label Biography information for Lord Trefgarne

1138559

registered interest
date	11/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Tax Allowances
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 implications of recent changes to the Lifetime Allowance for pension benefits for those in (1) the legal profession, (2) the medical profession, and (3) other professions; and of the case for reviewing those changes.
tabling member printed	Baroness McIntosh of Pickering
uin	HL17117
answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers. As confirmed at Autumn Budget 2017, from April 2018 the lifetime allowance will increase in line with CPI, in order that the value of this benefit is able to keep pace with inflation. This means from April 2019 the lifetime allowance has risen to £1,055,000.</p><p> </p><p>The same tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, across all public service workforces the Government looks at remuneration in the round and takes action when required to ensure delivery of world class public services. Where there is evidence that the delivery of services is being impacted, the Government takes appropriate action to address this, in line with our principles for pay and pensions policy. This is why we have introduced a temporary, taxable, Recruitment and Retention allowance for a small section of the judiciary, and will shortly bring forward a consultation on a new 50:50 pensions flexibility for senior clinicians in the NHS pension scheme.</p><p> </p><p>All aspects of the tax system are kept under review and are subject to change through the annual Budget, in the context of the wider public finances. Any future changes to the tax system will be announced through this process.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/07/2019 11:12:10 answering member 57 label Biography information for Lord Young of Cookham
tabling member	384 label Biography information for Baroness McIntosh of Pickering

1137396

registered interest
date	08/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Parcels: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to ensure more foreign companies sign up to the new parcel tax scheme in preparation for a possible no-deal Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL17003
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>HMRC’s Import VAT on Parcels online service was launched in February 2019 to allow businesses to prepare for a potential no deal EU exit, and remains open for registrations. HMRC are working with key partners to communicate the potential changes to overseas businesses. While HMRC expect registrations would increase if a no deal exit were confirmed, registration numbers for the online service are not a reliable indicator of overall readiness because there are other ways to pay import VAT on parcels via third parties.</p> answering member printed Lord Young of Cookham question first answered 22/07/2019 12:55:01 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

1137398

registered interest
date	08/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Doctors
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to revisit the 2016 rule changes to tax relief for medical practitioners, in order to resolve the current staffing crisis.
tabling member printed	Lord Taylor of Warwick
uin	HL17005
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>The Government keeps public sector pay and pensions policy under constant review in the context of the wider public finances.</p><p> </p><p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p> </p><p>The tapered annual allowance is therefore focused on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>The Government recognises that some senior clinicians face tax charges owing to the increase in the value of their pension accrual. The tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, the Secretary of State for Health and Social Care has announced plans to consult on proposals for a new flexibility for senior clinicians in the NHS pension scheme via the introduction of a 50:50 option. This option will give senior clinicians in England and Wales more choice in respect of their pension accrual, and therefore better control in relation to any pensions tax charges.</p><p> </p><p><strong> </strong></p><p><strong> </strong></p> answering member printed Lord Young of Cookham question first answered 22/07/2019 12:55:51 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1796 label Biography information for Lord Taylor of Warwick

1137076

registered interest
date	04/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance Companies: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to promote investment by the insurance industry into applied research, new technologies, and infrastructure; whether information about any such investments will be published on an annual basis; and if so, where.
tabling member printed	Lord Hunt of Chesterton
uin	HL16940
answer	answer is ministerial correction date of answer 17/07/2019 answer text <p>The treatment of infrastructure investment by insurance undertakings for the purposes of prudential regulation is set by the Solvency II Directive. In March 2019, the EU adopted new Solvency II rules to help insurers to invest in equity and private debt and to provide long-term capital financing. This means that insurers will be able to hold less capital for such investments and will therefore find such investments more attractive. The Government does not collect information about such investments, but individual insurance firms often include such details in their annual reports.</p><p><em> </em></p>The government provides competitive R&amp;D tax reliefs to support businesses to invest. Support for businesses through R&amp;D tax reliefs rose to £3.7 billion in 2015-16, up by almost a quarter from the previous year. The government is also carrying out the Infrastructure Finance Review, to support private infrastructure investment and ensure that infrastructure projects, including those using new technologies, are able to access the finance they need. The review will conclude alongside the National Infrastructure Strategy in the Autumn.<p> </p>In 2018, the UK Government provided £20m of ‘pioneer funding’ through the Next Generation Services Industrial Strategy Challenge Fund to explore how new technologies could transform the UK accountancy, insurance and legal services industries<p> </p> answering member printed Lord Young of Cookham question first answered 17/07/2019 16:31:26 answering member 57 label Biography information for Lord Young of Cookham
tabling member	2543 label Biography information for Lord Hunt of Chesterton

1136430

registered interest
date	02/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employment
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 leaving the EU on 31 October on employment levels.
tabling member printed	Lord Roberts of Llandudno
uin	HL16880
answer	answer is ministerial correction date of answer 16/07/2019 answer text <p>In November 2018 the Government published a detailed set of economic analyses on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances.</p><p> </p><p> </p><p>This government has a strong track record of delivering and protecting jobs. There are 3.7 million more people in work compared to 2010, and the proportion of low paid jobs is at its lowest level for at least 20 years.</p> answering member printed Lord Young of Cookham question first answered 16/07/2019 15:14:29 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3691 label Biography information for Lord Roberts of Llandudno