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947563

registered interest
date	24/07/2018
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Developing Countries: Females
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether there will be a sustained focus on women and girls in developing countries in the forthcoming Department for International Development Spending Review.
tabling member printed	Baroness Hodgson of Abinger
uin	HL9846
answer	answer is ministerial correction date of answer 30/07/2018 answer text <p>Gender equality is a top development priority and a top priority for the UK. Our manifesto and legislative commitments put girls and women at the heart of development and humanitarian spending. The process for agreeing Spending Review commitments will commence in the autumn, under a Treasury lead.</p> answering member printed Lord Bates question first answered 30/07/2018 14:45:38 answering member 1091 label Biography information for Lord Bates
tabling member	4301 label Biography information for Baroness Hodgson of Abinger

945608

registered interest
date	20/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they will respond to the National Infrastructure Commission's National Infrastructure Assessment 2018, published in July.
tabling member printed	Baroness Featherstone
uin	HL9737
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The government welcomed the publication of the National Infrastructure Assessment (NIA), and is considering the recommendations.</p><p> </p><p>As set out in the National Infrastructure Commission’s Framework Document, the government will respond to the NIC’s recommendations as soon as practical, and endeavour to respond within 6 months, and no longer than a year.</p> answering member printed Lord Bates question first answered 31/07/2018 12:07:17 answering member 1091 label Biography information for Lord Bates
tabling member	1531 label Biography information for Baroness Featherstone

945619

registered interest
date	20/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Securities
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what UK Treasury Bills are available for purchase on any given day.
tabling member printed	Lord Kennedy of Southwark
uin	HL9748
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>Treasury bills are typically sold by the UK Debt Management Office (DMO) via regular tenders each Friday morning. Maturities currently offered for sale are one-month, three-month and six-month bills. Alongside the results of each Friday morning’s tender, the DMO also announces the amounts for sale via tender for the following Friday.</p><p> </p><p>In addition, on any business day, the DMO can sell either new or existing Treasury bills (which match those previously sold at a tender) bilaterally on request from its counterparties, provided that such issuance is consistent with the DMO’s cash management operational requirements.</p><p> </p><p>Finally, Treasury Bill Primary Participants (banks) may also offer a market-making service in all Treasury bills to their own counterparties on any business day.</p> answering member printed Lord Bates question first answered 31/07/2018 12:07:57 answering member 1091 label Biography information for Lord Bates
tabling member	4153 label Biography information for Lord Kennedy of Southwark

944900

registered interest
date	19/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Poverty
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to end the poverty premium.
tabling member printed	Lord Bird
uin	HL9683
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>Since 2010 there are 1,000,000 fewer people, including 300,000 fewer children, in absolute low income (before housing costs), both record lows.</p><p> </p><p>The government has a range of policies to support households with their energy bills such as the Warm Home Discount, Energy Company Obligation and Winter Fuel Payment schemes. The government is also committed to ensuring that individuals, regardless of their background or income, have access to useful and affordable financial products and services, and has established a Financial Inclusion Policy Forum, which provides leadership and ensures collaboration across government and with the sector in tackling financial exclusion.</p> answering member printed Lord Bates question first answered 31/07/2018 12:06:00 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

944929

registered interest
date	19/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector Debt
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their calculation of what the cumulative cost of debt interest would be by 2045/46 if they only balanced the current budget.
tabling member printed	Baroness Neville-Rolfe
uin	HL9712
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The Managing Fiscal Risks document, published by the Treasury on the 17<sup>th</sup> July, projects that if the government only balanced the Current Budget every year from 2021-22, then after taking account of economic shocks, annual debt interest costs in 2045-46 would rise to 4.3% of Gross Domestic Product.</p><p> </p><p>The cumulative cost of these interest payments from the current financial year to 2045-46 is projected to be £3.7 trillion.</p><p> </p> answering member printed Lord Bates question first answered 31/07/2018 12:06:48 answering member 1091 label Biography information for Lord Bates
tabling member	4284 label Biography information for Baroness Neville-Rolfe

944423

registered interest
date	18/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what representations they have made to the European Commissioner for Competition to set up a system to ensure that large industries that have substantial operations in EU countries, but pay a large part of their taxes elsewhere, pay appropriate taxes in the EU countries where their operations are based.
tabling member printed	Lord Morris of Aberavon
uin	HL9660
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The UK has led global efforts to tackle multinational tax avoidance.</p><p> </p><p>We were at the forefront of the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting (BEPS) Project, which sought to address gaps and mismatches in the international tax system and align tax with economic substance.</p><p> </p><p>We have swiftly implemented the project’s recommendations in domestic legislation, introducing a new restriction on the deductibility of multinationals’ interest expense and rules to prevent multinationals exploiting differences in how countries tax financial instruments and entities.</p><p>We worked closely with the EU Commission and other Member States on the Anti-Tax Avoidance Directive, which seeks to implement the recommendations of the BEPS project and ensure a coordinated response in the EU to tackling tax avoidance by multinationals.</p><p> </p><p>We are engaging constructively with the EU Commission’s recent proposals on digital taxation, which seek to better ensure that digital businesses pay tax in the countries in which they generate value.</p><p> </p> answering member printed Lord Bates question first answered 31/07/2018 12:04:07 answering member 1091 label Biography information for Lord Bates
tabling member	565 label Biography information for Lord Morris of Aberavon

944436

registered interest
date	18/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
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 effects of Brexit on the UK economy to date.
tabling member printed	Lord Taylor of Warwick
uin	HL9671
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The UK economy is resilient. The economy has grown every year since 2010, and in 2017, growth remained solid at 1.7%. In their Spring Statement 2018 forecast, the Office for Budget Responsibility expected that the UK economy will continue to grow in 2018 and throughout the forecast period. The labour market continues to show strength with both the employment level and employment rate at record highs, and unemployment at the lowest rate in 40 years. The UK government wants to protect jobs and support growth through an economic partnership with the EU, and proposals for our future relationship with the EU are set out in the White Paper.</p> answering member printed Lord Bates question first answered 31/07/2018 12:03:19 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

944437

registered interest
date	18/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Finance
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 findings of the Office for Budget Responsibility, 2018 Fiscal Sustainability Report, published in July, that there will not be a Brexit dividend to fund their spending pledges for the health service.
tabling member printed	Lord Taylor of Warwick
uin	HL9672
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The OBR Fiscal Sustainability Report (FSR) stated that “there will be direct savings from the net contributions to the EU budget that the UK will no longer have to make” after leaving the EU. These savings can be allocated to domestic priorities.</p><p> </p><p>As the Prime Minister set out, the NHS is the government’s number one spending priority. The announcement stated that the government’s commitment to the NHS will be partly funded by money that we will no longer spend on our annual membership subscription to the European Union after we have left. In addition, taxpayers will need to contribute a bit more in a fair and balanced way. The Chancellor will set out further details at a future fiscal event.</p> answering member printed Lord Bates question first answered 31/07/2018 12:04:56 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

943361

registered interest
date	17/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: EU Law
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what progress they have made in implementing the 5th EU Anti-Money Laundering Directive; and when it will come into force.
tabling member printed	Lord Harris of Haringey
uin	HL9580
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The Fifth Anti-Money Laundering Directive (5AMLD) entered into force in July of this year, with a transposition deadline of January 2020. This falls during the Implementation Period, and so the UK will transpose this Directive.</p><p> </p><p>The Government will consult on the transposition of 5AMLD in due course.</p><p> </p> answering member printed Lord Bates grouped question UIN HL9582 question first answered 31/07/2018 11:57:35 answering member 1091 label Biography information for Lord Bates
tabling member	2671 label Biography information for Lord Harris of Haringey

943363

registered interest
date	17/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: EU Law
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the Financial Conduct Authority will have responsibility for enforcing the 5th EU Anti-Money Laundering Directive.
tabling member printed	Lord Harris of Haringey
uin	HL9581
answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>The Financial Conduct Authority (FCA) is already responsible for the anti-money laundering (AML) supervision of UK credit and financial institutions and certain other categories of firm specified in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p><p> </p><p>The Fifth Anti-Money Laundering Directive (5AMLD) contains measures that include bringing new categories of firm into scope of national AML regimes. The Government will consult on its approach to transposing 5AMLD in due course.</p> answering member printed Lord Bates question first answered 31/07/2018 12:01:55 answering member 1091 label Biography information for Lord Bates
tabling member	2671 label Biography information for Lord Harris of Haringey