Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

773532

registered interest
date	19/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit: Interest Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their assessment of the consumer and systematic risk arising from high-cost credit products.
tabling member printed	Lord Birt
uin	HL2247
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market, transferring regulatory responsibility to the Financial Conduct Authority (FCA) on 1 April 2014. Since the transfer, the FCA has taken a proactive approach on consumer credit, to ensure that all consumers who use high-cost credit products are treated fairly. The Government welcomes the ongoing work of the FCA to review the high-cost credit market.</p><p> </p><p>The government established an independent Financial Policy Committee (FPC) and gave the FPC a primary objective to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing financial stability. To ensure lenders are resilient to defaults related to consumer credit, the FPC has acted to accelerate its analysis of credit losses that banks could incur in the very deep recession encapsulated in the 2017 annual stress test scenario. The FPC has stated that regulatory capital buffers for individual firms will be set following the full stress test results so that each bank can absorb its losses on consumer lending, alongside all the other effects of the stress scenario on its balance sheet.</p> answering member printed Lord Bates question first answered 30/10/2017 16:28:28 answering member 1091 label Biography information for Lord Bates
tabling member	2533 label Biography information for Lord Birt

773539

registered interest
date	19/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Funerals
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 current level of protection for consumers purchasing a funeral plan, including protection from inappropriate sales and marketing practices.
tabling member printed	Baroness Burt of Solihull
uin	HL2254
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The provision of a funeral plan is defined as a regulated activity and falls within the Financial Conduct Authority’s regulatory remit unless specific exemption criteria are met. This arrangement and these exemption criteria are set out in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.</p><p>This legislation exempts funeral plan providers from the Financial Conduct Authority’s regulatory remit where the following financial arrangements are conducted, which are designed to ensure that the customer’s payments are secure:</p><p> </p><ol><ol><li><p>the customer’s money is held in a trust fund, where more than half of the trustees are unconnected with the funeral plan provider. This trust must be managed by an authorised fund manager and be overseen by a Fellow of the Institute and Faculty of Actuaries; or</p></li><li><p>the customer’s money is placed in a life insurance policy, issued by an authorised insurer.</p><p> </p><p>HM Treasury sets the legislative framework for the regulation of financial services, including the provision of funeral plans, and continues to keep such exemptions under review to ensure the maintenance of effective prudential and conduct standards.</p></li></ol></ol> answering member printed Lord Bates grouped question UIN HL2255 question first answered 30/10/2017 16:29:25 answering member 1091 label Biography information for Lord Bates
tabling member	1567 label Biography information for Baroness Burt of Solihull

772966

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Surveys
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they made of the content of the OECD Economic Survey of the United Kingdom 2017 before agreeing to the same report being launched in the buildings of HM Treasury.
tabling member printed	Lord Blencathra
uin	HL2167
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The Organisation for Economic Cooperation and Development is an independent international organisation, and its Economic Survey of the United Kingdom 2017 represents its own views. The government welcomes regular surveillance of the UK economy by international institutions as a source of external challenge and scrutiny.</p> answering member printed Lord Bates question first answered 30/10/2017 16:27:26 answering member 1091 label Biography information for Lord Bates
tabling member	497 label Biography information for Lord Blencathra

772967

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Brexit
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 accuracy of predictions made by the OECD, in the light of the statement made by OECD Director General, Jose Angel Gurria on 27 April 2016, which suggested that a UK exit from the EU would immediately hit confidence and would result in UK GDP being reduced by 3 per cent by 2020.
tabling member printed	Lord Blencathra
uin	HL2168
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The government has not made an assessment of the accuracy of the Organisation for Economic Cooperation and Development’s (OECD) predictions. The OECD is an independent international organisation, and its analysis of the UK economy represents its own views.</p><p> </p> answering member printed Lord Bates question first answered 30/10/2017 16:21:31 answering member 1091 label Biography information for Lord Bates
tabling member	497 label Biography information for Lord Blencathra

771253

registered interest
date	16/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their assessment of the October International Monetary Fund half-yearly fiscal monitor report view that tax systems should have become more progressive to reduce inequality and that there is now "scope for increasing the progressivity of income taxation without significantly hurting growth".
tabling member printed	Lord Kinnock
uin	HL2054
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The International Monetary Fund’s report conclusions consider the OECD as a whole and are not specifically aimed at the UK.</p><p> </p><p>The UK already has a progressive system. The income tax system consists of three progressive rates of tax – 20%, 40% and 45%, which sit above an internationally high tax-free personal allowance. As a result the top 1% of income taxpayers pay 28% of all income tax and HMRC statistics show additional rate taxpayers paid £46.7bn of tax in 2014-15 compared with £34.5bn in 2010-11.</p> answering member printed Lord Bates question first answered 30/10/2017 16:20:13 answering member 1091 label Biography information for Lord Bates
tabling member	693 label Biography information for Lord Kinnock

771270

registered interest
date	16/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Policy
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 policy options available to HM Treasury and the Bank of England in the event of a sharp slowdown in the UK's economy.
tabling member printed	Lord Myners
uin	HL2071
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The government’s economic objective is to achieve strong, sustainable and balanced growth. To this end, the government’s economic strategy consists of: operationally independent monetary and macroprudential policy responsible for maintaining price and financial stability and supporting the economy; credible fiscal policy with the flexibility to support the economy; and structural reforms to address long-term economic weaknesses.</p> answering member printed Lord Bates question first answered 30/10/2017 16:20:48 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

771271

registered interest
date	16/10/2017
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 have recently considered setting a temporary or permanent increase in the inflation target set for the Monetary Policy Committee.
tabling member printed	Lord Myners
uin	HL2072
answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The Bank of England Act 1998 established that the objectives of the Monetary Policy Committee of the Bank of England are to maintain price stability and, subject to that, to support the economic policy of the Government.</p><p> </p><p>The Chancellor reaffirmed at the Spring Budget 2017 that the committee will continue to target 2 per cent inflation as defined by the 12-month increase in the consumer prices index.</p> answering member printed Lord Bates question first answered 30/10/2017 16:21:09 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

769234

registered interest
date	12/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Interest 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 current interest rates on asset prices, the value of sterling, and business investment.
tabling member printed	Lord Myners
uin	HL1968
answer	answer is ministerial correction date of answer 23/10/2017 answer text <p>The Monetary Policy Committee independently sets monetary policy, including interest rates, to achieve the objective of price stability, currently defined as an inflation target of 2 per cent. The government does not express a view on the level of the exchange rate. The value of sterling adjusts flexibly in response to economic conditions and market forces.</p><p>The government will continue to monitor economic developments closely, while at the same time taking steps to promote economic growth and support individuals and businesses.</p> answering member printed Lord Bates question first answered 23/10/2017 11:34:59 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

768554

registered interest
date	11/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Stamp Duty Land Tax
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether, in reforming stamp duty land tax, it was their policy intention to reduce receipts and transactions in properties over £1million in 2016–17.
tabling member printed	Lord Macpherson of Earl's Court
uin	HL1905
answer	answer is ministerial correction date of answer 23/10/2017 answer text <p>Housing market activity is affected by a wide variety of factors, of which Stamp Duty Land Tax (SDLT) is just one. The Autumn Statement 2014 reforms were introduced to reduce distortions and improve the fairness of the tax system. The reforms led to 98% of purchasers paying less, unless they are buying an additional property. The government believes it is fair that those who can afford to buy the most expensive properties contribute the most.</p><p> </p><p>Overall, total residential SDLT receipts increased between 2015-16 and 2016-17.</p> answering member printed Lord Bates question first answered 23/10/2017 11:36:10 answering member 1091 label Biography information for Lord Bates
tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

767914

registered interest
date	10/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Revenue and Customs: Birmingham
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what proportion of those who will be working at HMRC's new building at 3 Arena Central in Birmingham will be able to store their bikes in the building; and whether there are any plans to increase the number of HMRC employees cycling to that workplace, in line with their active travel strategy.
tabling member printed	Baroness Jones of Moulsecoomb
uin	HL1833
answer	answer is ministerial correction date of answer 23/10/2017 answer text <p>HMRC is committed to supporting its staff to make sustainable and active travel choices. HMRC is developing a comprehensive Sustainable Travel Plan for each Regional Centre and published the first such plan, for Croydon Regional Centre, in July 2017.</p> answering member printed Lord Bates question first answered 23/10/2017 11:36:41 answering member 1091 label Biography information for Lord Bates
tabling member	4297 label Biography information for Baroness Jones of Moulsecoomb