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48146

registered interest
date	10/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, in what circumstances he uses a calculation of the (a) value of preventing a fatality, (b) willingness to pay and (c) cost-per-quality adjusted life year approach to quantify the value of a policy intervention; what other tools he uses to quantify the benefit of a policy intervention; and if he will make a statement.
tabling member constituency	Eddisbury
tabling member printed	Mr Stephen O'Brien
uin	196467
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The Green Book and associated supplementary guidance is publicly available on the Treasury web site. It sets out a range of approaches and methods that may be appropriate in a number of different appraisal circumstances. The valuation of preventing fatalities makes a contribution to the calculation of risk reduction in many situations and is used extensively by the Department for Transport among others. Department of Health policies are likely to impact on health and longevity. For the majority of these policies, the impacts will be quantified in terms of quality adjusted life years. The cost of producing a quality adjusted life year is used as part of the appraisal and evaluation of alternative health investments.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 28/04/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	427 label Biography information for Mr Stephen O'Brien

48904

registered interest
date	10/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of sustained low interest rates on incentives to save; and if he will make a statement.
tabling member constituency	Wycombe
tabling member printed	Steve Baker
uin	903726
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>Low interest rates have benefited everyone, including through reducing mortgage rates, but the Government recognises that this has made it harder for people's savings to grow and to secure an adequate income for retirement. The Government believes it is right, therefore, to support hard working people that have taken the long term decisions to save and plan for their future.</p><p> </p><p>The Budget package announced last month aims to help all savers at all stages of life. It reduces tax for the lowest income savers; reforms the ISA regime to give all savers greater flexibility as to where and how they save their money; and creates new products to help retired savers see a better return.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 29/04/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	4064 label Biography information for Mr Steve Baker