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1091587

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Retail Trade: Urban Areas
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 likely impact on the viability of high streets in the UK of credit insurers reducing their cover for some high street retailers.
tabling member printed	Lord Allen of Kensington
uin	HL14635
answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>Government actively monitors the economy, and is aware of problems and consequent difficulty some retailers are facing in accessing credit insurance. Insurers base the level of cover they provide on their assessment of the credit risk, which is often dependent on the specific dynamics of certain sectors. Market trends in the retail sector, and challenging market conditions facing the retailers, have led some insurers to reduce their exposure.</p><p> </p><p>The underwriting of insurance risks – including credit risks – is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy.</p><p> </p><p>However, Government is clear that it wants all types of retail to thrive now and in the future, and wants to support the sector as it responds to change. A package of measures to support the high street was announced at Budget 2018. The Government has regular engagement with financial services providers, including on their plans to support business customers.</p><p> </p><p>Other financial services products are also available to support businesses in lieu of credit insurance, for example from banks.</p> answering member printed Lord Bates grouped question UIN HL14636 HL14637 HL14638 question first answered 02/04/2019 12:45:23 answering member 1091 label Biography information for Lord Bates
tabling member	4304 label Biography information for Lord Allen of Kensington

1091588

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Retail Trade: Urban Areas
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 on the UK supply chain to high street retailers of the lack of credit insurance cover available for such retailers.
tabling member printed	Lord Allen of Kensington
uin	HL14636
answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>Government actively monitors the economy, and is aware of problems and consequent difficulty some retailers are facing in accessing credit insurance. Insurers base the level of cover they provide on their assessment of the credit risk, which is often dependent on the specific dynamics of certain sectors. Market trends in the retail sector, and challenging market conditions facing the retailers, have led some insurers to reduce their exposure.</p><p> </p><p>The underwriting of insurance risks – including credit risks – is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy.</p><p> </p><p>However, Government is clear that it wants all types of retail to thrive now and in the future, and wants to support the sector as it responds to change. A package of measures to support the high street was announced at Budget 2018. The Government has regular engagement with financial services providers, including on their plans to support business customers.</p><p> </p><p>Other financial services products are also available to support businesses in lieu of credit insurance, for example from banks.</p> answering member printed Lord Bates grouped question UIN HL14635 HL14637 HL14638 question first answered 02/04/2019 12:45:23 answering member 1091 label Biography information for Lord Bates
tabling member	4304 label Biography information for Lord Allen of Kensington

1091589

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Insurance
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 credit insurance market in the UK; and what steps they plan to take to improve the level of cover available for suppliers to the retail sector.
tabling member printed	Lord Allen of Kensington
uin	HL14637
answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>Government actively monitors the economy, and is aware of problems and consequent difficulty some retailers are facing in accessing credit insurance. Insurers base the level of cover they provide on their assessment of the credit risk, which is often dependent on the specific dynamics of certain sectors. Market trends in the retail sector, and challenging market conditions facing the retailers, have led some insurers to reduce their exposure.</p><p> </p><p>The underwriting of insurance risks – including credit risks – is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy.</p><p> </p><p>However, Government is clear that it wants all types of retail to thrive now and in the future, and wants to support the sector as it responds to change. A package of measures to support the high street was announced at Budget 2018. The Government has regular engagement with financial services providers, including on their plans to support business customers.</p><p> </p><p>Other financial services products are also available to support businesses in lieu of credit insurance, for example from banks.</p> answering member printed Lord Bates grouped question UIN HL14635 HL14636 HL14638 question first answered 02/04/2019 12:45:23 answering member 1091 label Biography information for Lord Bates
tabling member	4304 label Biography information for Lord Allen of Kensington

1091590

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Insurance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to provide support to suppliers who may suffer losses as a result of being unable to obtain credit insurance cover.
tabling member printed	Lord Allen of Kensington
uin	HL14638
answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>Government actively monitors the economy, and is aware of problems and consequent difficulty some retailers are facing in accessing credit insurance. Insurers base the level of cover they provide on their assessment of the credit risk, which is often dependent on the specific dynamics of certain sectors. Market trends in the retail sector, and challenging market conditions facing the retailers, have led some insurers to reduce their exposure.</p><p> </p><p>The underwriting of insurance risks – including credit risks – is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy.</p><p> </p><p>However, Government is clear that it wants all types of retail to thrive now and in the future, and wants to support the sector as it responds to change. A package of measures to support the high street was announced at Budget 2018. The Government has regular engagement with financial services providers, including on their plans to support business customers.</p><p> </p><p>Other financial services products are also available to support businesses in lieu of credit insurance, for example from banks.</p> answering member printed Lord Bates grouped question UIN HL14635 HL14636 HL14637 question first answered 02/04/2019 12:45:23 answering member 1091 label Biography information for Lord Bates
tabling member	4304 label Biography information for Lord Allen of Kensington

1091599

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hotels: 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 how a tax levied on hotel stays on a per night basis might impact cities and their tourism sectors.
tabling member printed	Baroness Doocey
uin	HL14646
answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>The Government has made no such assessment.</p> answering member printed Lord Bates question first answered 02/04/2019 12:45:53 answering member 1091 label Biography information for Lord Bates
tabling member	4197 label Biography information for Baroness Doocey

1091614

registered interest
date	19/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Loans: Republic of Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government why they granted a bilateral loan of £3.2 billion to the government of the Republic of Ireland in 2010.
tabling member printed	Lord Morris of Aberavon
uin	HL14660
answer	answer is ministerial correction date of answer 02/04/2019 answer text As the then Chancellor said at the time, the government agreed in 2010 to provide a bilateral loan to Ireland because it was overwhelmingly in the UK’s national interest to have a strong Irish economy and stable banking system. The links between our financial systems, particularly in Northern Ireland, mean that there was a strong economic case to provide financial assistance to Ireland. By being part of the international financial package, the UK indirectly supported the very many businesses across the UK that trade with Ireland. answering member printed Lord Bates question first answered 02/04/2019 12:46:42 answering member 1091 label Biography information for Lord Bates
tabling member	565 label Biography information for Lord Morris of Aberavon

1090521

registered interest
date	18/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Loans: Developing Countries
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to make greater provision to enforce due diligence on loans made to developing countries initiated by banks based in the UK.
tabling member printed	Baroness D'Souza
uin	HL14618
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>The sustainability and transparency of debts held by low income developing countries is currently a G20 priority. Given the complex nature of sovereign debt, we continue to believe that internationally-agreed approaches are the most effective way to achieve progress in this area.</p><p> </p><p>The UK recognizes that creditors, including private creditors, have an important role to play in promoting sustainable lending. The G20 is currently supporting the Institute of International Finance’s efforts to increase the transparency of lending to developing countries, which we hope will support sustainability and drive up standards.</p><p> </p><p>Separately, in the UK, there are already prudential requirements for firms to hold sufficient capital against their exposures and have adequate risk controls in place. These are supervised by the Prudential Regulation Authority.</p> answering member printed Lord Bates question first answered 01/04/2019 13:43:30 answering member 1091 label Biography information for Lord Bates
tabling member	3709 label Biography information for Baroness D'Souza

1088552

registered interest
date	13/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Policy
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 that the long-term impact on future generations is accounted for in their policy-making processes.
tabling member printed	Lord Bird
uin	HL14512
answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>The Government requires that all programmes, projects and policies demonstrate the costs, benefits and risks associated with the intervention over its whole lifetime in line with the Government “Green Book”. This includes the impact on future generations.</p><p> </p><p>The OBR produce both the Fiscal Risk Report and the Fiscal Sustainability Report which highlight the risks to the public finances and demographic trends that are likely to impact the public finances over the next half century. Managing Fiscal Risks, the Government’s response to the report, provides a comprehensive account of the actions the government is taking to address the 57 risks outlined by the OBR.</p> answering member printed Lord Bates question first answered 26/03/2019 14:38:00 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

1088566

registered interest
date	13/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Disadvantaged
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what action they plan to take to ensure that the reduction in the availability of cash does not act to the detriment of the most disadvantaged in society.
tabling member printed	Lord Hodgson of Astley Abbotts
uin	HL14526
answer	answer is ministerial correction date of answer 26/03/2019 answer text The Government is committed to safeguarding access to cash for those who need it. We will continue to engage with the regulators and industry to ensure people continue to have real choice over how they spend their money, recognising that cash is particularly important to the most vulnerable members of our society.<p> </p><p>The Government-established Payment Systems Regulator is closely monitoring developments within ATM provision. It has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>Last year, Government conducted a call for evidence on cash and digital payments in the new economy. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics. The Government welcomes the Access to Cash Review, which will help inform our ongoing work to ensure cash remains accessible.</p><p> </p><p>The Government will formally respond to the call for evidence in due course.</p> answering member printed Lord Bates question first answered 26/03/2019 14:41:27 answering member 1091 label Biography information for Lord Bates
tabling member	1651 label Biography information for Lord Hodgson of Astley Abbotts

1087538

registered interest
date	12/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	High Income Child Benefit Tax Charge
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 Bates on 6 March (HL13927), in how many cases there has been a failure by the claimant to pay the High Income Child Benefit Charge which the claimant had then been required to repay.
tabling member printed	Baroness Lister of Burtersett
uin	HL14460
answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>High Income Child Benefit Charge (HICBC) is part of the Self-Assessment (SA) process and is reflected in each individual’s overall SA tax charge. This HICBC charge is included in the individual’s annual SA tax return and, where HICBC is recoverable, will form part of the overall tax due by that person. It is therefore not possible to distinguish HICBC charges from other SA charges that may be included for that tax year. For SA overall, 8% of people did not pay by the due date, meaning the vast majority (92%) paid on time.</p> answering member printed Lord Bates question first answered 26/03/2019 14:30:26 answering member 1091 label Biography information for Lord Bates
tabling member	4234 label Biography information for Baroness Lister of Burtersett