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1078960

registered interest
date	27/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Food
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much of the £2 billion in funding to prepare for Brexit, provided to 25 departments by the Chancellor of the Exchequer on 18 December 2018, has been allocated to departments responsible for the provision of food in (1) schools, (2) hospitals and (3) care homes.
tabling member printed	Baroness Boycott
uin	HL14082
answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>HM Treasury has allocated over £2bn of additional funding for 19/20. A full breakdown of the allocations can be found in the Chief Secretary’s Written Ministerial Statement, HCWS1205, laid on the 18th December.</p> answering member printed Lord Bates question first answered 11/03/2019 15:29:32 answering member 1091 label Biography information for Lord Bates
tabling member	4704 label Biography information for Baroness Boycott

1078979

registered interest
date	27/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	EU Budget: Contributions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the UK’s budget rebate would apply if the UK's notifiction to withdraw from the EU under Article 50 was withdrawn.
tabling member printed	Lord Jones of Cheltenham
uin	HL14100
answer	answer is ministerial correction date of answer 13/03/2019 answer text <p>We want to leave with a deal on March 29. We reached a fair financial settlement with the EU, honouring commitments we made during our period of membership, as set out in the draft Withdrawal Agreement in November 2018. As an EU Member State, we will continue to have rights and obligations until exit.</p> answering member printed Lord Bates question first answered 13/03/2019 12:19:53 answering member 1091 label Biography information for Lord Bates
tabling member	248 label Biography information for Lord Jones of Cheltenham

1079000

registered interest
date	27/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Markets: EU Action
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of (1) the political agreement reached by the European Parliament and member states on 26 February on the Capital Markets Union, and (2) whether UK investment firms' access to EU markets could be restricted if the UK leaves the EU without a deal.
tabling member printed	Lord Taylor of Warwick
uin	HL14118
answer	answer is ministerial correction date of answer 13/03/2019 answer text <p>On Tuesday 26<sup>th</sup> February, European policy-makers reached a political agreement on the Investment Firms Review (IFR) which is part of the Capital Markets Union.</p><p> </p><p>The Government welcomes the agreement as it supports a more proportionate regulatory regime, upholding market integrity and financial stability, and which will also benefit the industry and ultimately the wider economy.</p><p> </p><p>After the UK’s departure from the EU, EU market access for UK investment firms will be dependent on a positive equivalence determination from the EU. The European Commission has said that in a no deal scenario, it will prioritise financial stability and the EU’s own interests. However, as the Economic Secretary said on 12 February<sup><sup>[1]</sup></sup>,we can see no reason why the UK and the EU would not be able to find each other equivalent in any scenario. We leave with the same rulebook and both have third country equivalence frameworks to support cross-border activity.</p><p> </p><p>[1] https://hansard.parliament.uk/commons/2019-02-12/debates/0689c6cb-2bc5-4e53-a4f7-e2b3ecb2fa8f/DraftEquivalenceDeterminationsForFinancialServicesAndMiscellaneousProvisions(AmendmentEtc)(EUExit)Regulations2019</p><p> </p> answering member printed Lord Bates question first answered 13/03/2019 12:18:20 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1079003

registered interest
date	27/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
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 assessment of the Chief Executive of the Financial Conduct Authority in evidence to the EU Financial Affairs Sub-Committee on 27 February that there may be market disruption in the event of a no-deal Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL14121
answer	answer is ministerial correction date of answer 13/03/2019 answer text <p>Leaving the EU with a deal remains the Government’s top priority. An Implementation Period is the most effective approach to ensuring a smooth and orderly exit from the EU. That is why it is so important that we are redoubling our efforts to reach a negotiated deal that Parliament can support.</p><p>The Government has taken action to minimise disruption for UK households and businesses regardless of the outcome, including by introducing temporary regimes for EEA firms operating in the UK.</p><p>As the FPC set out in its latest Financial Policy Summary, the core of the UK’s financial system is resilient to, and prepared for, the wide range of risks it could face, including a disorderly worst case Brexit. And while the FPC has noted that significant market volatility is to be expected in a disorderly Brexit, it has also noted that markets have proved able to function effectively through volatile periods.</p><p> </p> answering member printed Lord Bates question first answered 13/03/2019 12:19:14 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1079005

registered interest
date	27/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Tax Yields
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 possible reduction in tax receipts from  the UK financial services industry as a result of the actions being taken by financial services businesses to enable their businesses to operate after Brexit.
tabling member printed	Lord Vaux of Harrowden
uin	HL14123
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>The Government has published a detailed set of economic analysis 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>The Chancellor will also be providing the independent OBR’s updated fiscal and economic forecasts at the Spring Statement on 13th March.</p> answering member printed Lord Bates question first answered 12/03/2019 17:22:30 answering member 1091 label Biography information for Lord Bates
tabling member	4687 label Biography information for Lord Vaux of Harrowden

1077058

registered interest
date	25/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Cards: Fees and Charges
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what charges they expect to be applied after Brexit to UK credit card transactions in EU member states.
tabling member printed	Lord Bruce of Bennachie
uin	HL13978
answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>The UK and EU negotiating teams have reached agreement on the terms of an Implementation Period that will start on 29 March 2019 and last until 31 December 2020. During the Implementation Period, the UK will no longer be a Member State of the European Union, but market access will continue on current terms. This would mean that the current ban on surcharging consumer credit and debit cards, as set out in the second Payment Services Directive, would apply during an Implementation Period.</p><p> </p><p>In the event that the UK leaves the European Union without a Withdrawal Agreement or Implementation Period, credit and debit card transactions with UK payment cards in EU member states could become more expensive and surcharges may be applied, given the UK would be treated as a third country in relation to the EU. As the second Payment Services Directive, which currently bans surcharging for consumer credit and debit cards issued in EU Member States, would no longer apply to UK payment cards, any changes would be a result of the laws of individual EU Member States. The UK Government cannot legislate with respect to surcharges applied by merchants in the EU, and any decision to apply a surcharge would be a commercial decision by the merchant.</p><p> </p><p>Merchants in the UK will continue to be banned from applying surcharges to payments made by a consumer credit or debit card issued by a provider based in the UK.</p> answering member printed Lord Bates question first answered 11/03/2019 15:08:44 answering member 1091 label Biography information for Lord Bates
tabling member	615 label Biography information for Lord Bruce of Bennachie

1077097

registered interest
date	25/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to help co-ordinate a post-Brexit strategy for financial institutions in the UK banking sector.
tabling member printed	Lord Taylor of Warwick
uin	HL14017
answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>The Government’s ambition for the future relationship is to preserve the economic benefits of the most important financial services traded between the UK and EU, and ensure stable institutional processes for governing it. This ambition is reflected in the Political Declaration agreed between UK and EU negotiators last November.</p><p> </p><p>Leaving the EU with a deal remains the Government’s top priority, and the Prime Minister is continuing to work to obtain legally binding changes to the Withdrawal Agreement that deal with parliament’s concerns on the backstop. However, it is the role of a responsible Government to prepare for all outcomes, including no-deal.</p><p> </p><p>As a result, the Government - through the onshoring programme and Financial Services (Implementation of Legislation) Bill - is also doing the necessary work to make sure that we continue to have a stable and functioning financial services regime at the point of leaving the EU in any scenario and to minimise disruption for UK households and businesses.</p><p> </p><p>The UK’s post-Brexit strategy for financial institutions will depend heavily on the final terms of our exit from the European Union, and the nature of our relationship post-Exit. We remain committed to preserving our competitive position as a world leader in financial services after the UK has left the EU.</p> answering member printed Lord Bates question first answered 11/03/2019 15:29:11 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1064789

registered interest
date	21/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
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 they have evaluated the impact on revenues of the stamp duty reforms announced in the 2014 Autumn Statement.
tabling member printed	Lord Macpherson of Earl's Court
uin	HL13953
answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>At Autumn Statement 2014 the government published costings of the reforms to Stamp Duty Land Tax (SDLT) which highlighted the anticipated revenue implications of the reform across the forecast period. HMRC also publish quarterly and annual statistics on SDLT revenue and transactions.</p><p> </p><p>Residential SDLT receipts were just under £1.8bn higher in 2017-18 than they were in 2014-15, the last financial year before the Autumn Statement 2014 reforms.</p> answering member printed Lord Bates question first answered 07/03/2019 14:55:56 answering member 1091 label Biography information for Lord Bates
tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

1064596

registered interest
date	20/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Company Cars: Taxation
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 maintaining company car tax rates on the transition to electric vehicles following the introduction of the Worldwide Harmonised Light Vehicle Test Procedure.
tabling member printed	Lord Campbell-Savours
uin	HL13915
answer	answer is ministerial correction date of answer 06/03/2019 answer text <p>The government has engaged with stakeholders as part of the review of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) and vehicle taxes which closed on 17 February.</p><p> </p><p>The review sought evidence on how reported carbon dioxide emissions are impacted by the introduction of WLTP and whether any adjustment should be made to Vehicle Excise Duty and company car tax from April 2020.</p><p> </p><p>Responses to the review are currently being analysed and the government has committed to publishing a response in the spring.</p> answering member printed Lord Bates question first answered 06/03/2019 11:59:53 answering member 1091 label Biography information for Lord Bates
tabling member	499 label Biography information for Lord Campbell-Savours

1064601

registered interest
date	20/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what monies have been returned to HM Treasury by the Northern Ireland Executive under the Budget Exchange Scheme in the form of either non-cash Resource or Financial Transactions Capital for the last three years for which figures are available.
tabling member printed	Lord Empey
uin	HL13920
answer	answer is ministerial correction date of answer 06/03/2019 answer text <p>The total non-cash Resource and Financial Transaction Capital returned to HM Treasury by the Northern Ireland Executive for the last three years is set out in the table:</p><p> </p><table><tbody><tr><td><p>£million</p></td><td><p>Ring-fenced (non-cash) Resource</p></td><td><p>Financial Transaction Capital</p></td></tr><tr><td><p>2015-16</p></td><td><p>292.2</p></td><td><p>0</p></td></tr><tr><td><p>2016-17</p></td><td><p>96.5</p></td><td><p>34.5</p></td></tr><tr><td><p>2017-18</p></td><td><p>100.7 (planned)</p></td><td><p>109.4</p></td></tr></tbody></table><p> </p><p>This funding is ring-fenced for specific purposes, including non-cash depreciation/impairments and loans or equity investments to the private sector.</p> answering member printed Lord Bates question first answered 06/03/2019 12:01:04 answering member 1091 label Biography information for Lord Bates
tabling member	4216 label Biography information for Lord Empey