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947538

registered interest
date	24/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debt Respite Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to meet their timetable for implementing the breathing space debt scheme as announced by the Economic Secretary to HM Treasury in October 2017.
tabling member printed	Lord Bird
uin	HL9831
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The government is currently undertaking a detailed policy design process on the introduction of breathing space and a statutory debt repayment plan. The government is working in close conjunction with stakeholders to design a scheme that works for all those who would benefit from the scheme’s protections.</p><p> </p><p>The government will consult on a single policy proposal based on this work later this summer, and then intends to lay regulations to establish the scheme in 2019.</p> answering member printed Lord Bates question first answered 02/08/2018 12:05:42 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

947540

registered interest
date	24/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Rural Areas
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 continued access to (1) free automated teller machines, and (2) bank branches, particularly in rural communities.
tabling member printed	Lord Bird
uin	HL9832
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses across the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK (the scheme that runs the UK’s ATM system), to ensure that it is maintained.</p><p> </p><p>The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users. As part of this, the PSR is closely monitoring developments within ATM provision and has committed to using its powers to act should LINK behave in a way that conflicts with its statutory objectives.</p><p> </p><p>Regarding bank branches, the decision to close a branch is a commercial issue for the management team of the bank involved. However, Government believes it is important the impact on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The Government supports the industry’s Access to Banking Standard which commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing. It also helps customers to understand the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>Government also considers it important that all customers, wherever they live and especially those who are vulnerable, can still access over the counter services. That is why we support the Post Office’s Banking Framework Agreement, which enables 99% of banks’ personal and 95% of banks’ small business customers to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches.</p> answering member printed Lord Bates question first answered 02/08/2018 12:09:17 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

947541

registered interest
date	24/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many working people in the UK they estimate do not have bank accounts; and what steps they are taking to assist such people; and what particular measures they are taking relating to those of this total who are homeless or sleeping rough or may previously have been such.
tabling member printed	Lord Bird
uin	HL9833
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government does not make estimates of the number of working people who do not have access to bank accounts. However, in 2017, the FCA published the results of the Financial Lives Survey which estimated that 1.3 million UK adults (3% of the UK adult population) were unbanked, i.e. have no current account or alternative e-money account. The Financial Lives Survey report contains further information on the characteristics of the unbanked and their preferences to have a bank account. The FCA intend to repeat the Financial Lives Survey on a regular basis in future.</p><p> </p><p>The Government takes financial inclusion very seriously and is working to ensure everyone can have access to financial services. With regards to those who are sleeping rough or are homeless, the Government recognises that it can be difficult for such individuals to access bank accounts due to their lack of permanent address.</p><p> </p><p>Under the Payment Accounts Regulations 2015, the 9 largest UK current account providers are required to offer fee-free basic bank accounts to consumers who are either unbanked or who are not eligible for a standard current account. Regulation 23 specifically states that consumers with no fixed address are to be considered eligible and in Regulation 18 specifies that firms must not discriminate against consumers by reason of their place of residence.</p><p> </p><p>As these accounts are particularly suitable for more vulnerable customers, Government encourages the banks who provide them to be flexible with identification and verification checks, within the remit of the Joint Money Laundering Steering Group (JMLSG) guidance. The JMLSG guidance encourages firms to consider a wide range of evidence to prove identification and to act reasonably where customers do not have more conventional forms of identification.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:05:10 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

947558

registered interest
date	24/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Tax Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the report by HMRC, Child and Working Tax Credits Statistics: Provisional Awards Geographical Analysis April 2018, published on 28 June, in relation to the policy to provide support via Child Tax Credit for a maximum of two children, whether they have undertaken an analysis to determine why the total number of affected household in the first year of the policy is substantially lower than the estimate published in their impact assessment of July 2015; and if so, what are the reasons for the difference between the projected and actual outcomes.
tabling member printed	The Lord Bishop of Durham
uin	HL9843
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The difference between the estimate in the Impact Assessment and the statistic published in “Child Tax Credit and Universal Credit claimants: statistics related to the policy to provide support for a maximum of 2 children, April 2018” is due to a combination factors, including improvements to the methodology used to identify the affected population, divergences between the economic determinants used to model the policy and actual outturn, and changes in the underlying claimant population. No formal analysis of the separate impact of these factors has been made.</p> answering member printed Lord Bates question first answered 02/08/2018 12:07:13 answering member 1091 label Biography information for Lord Bates
tabling member	4312 label Biography information for The Lord Bishop of Durham

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

947599

registered interest
date	24/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Disclosure of Information
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the consultation paper, Amending HMRC’s Civil Information Powers, published on 10 July, which contained the proposal to remove the "requirement to seek approval from the tribunal or the taxpayer before a third-party notice could be issued", what protection and oversight they intend to introduce for taxpayers with regard to the provision of information from third parties.
tabling member printed	The Marquess of Lothian
uin	HL9870
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government believes that every HMRC information power should have an appropriate and proportional safeguard. The ongoing consultation asks for views on the appropriate safeguard to allow HMRC to use a third party information power effectively whilst still protecting taxpayers’ rights. All responses will be considered before any final decisions are taken.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:07:49 answering member 1091 label Biography information for Lord Bates
tabling member	259 label Biography information for The Marquess of Lothian

947642

registered interest
date	24/07/2018
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 steps they are taking to advance the UK’s position as an international financial centre.
tabling member printed	Viscount Waverley
uin	HL9898
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p> </p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p> answering member printed Lord Bates question first answered 02/08/2018 12:10:45 answering member 1091 label Biography information for Lord Bates
tabling member	1744 label Biography information for Viscount Waverley

947065

registered interest
date	23/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the answer by Baroness Williams of Trafford on 20 July (HL Deb, col 1413), what estimate they have made of (1) the savings in social and other state costs of free care provided for siblings living in sibling-couple households, and (2) the annual income to HM Treasury as a result of the tax applied to siblings when one sibling-couple partner dies.
tabling member printed	Lord Alton of Liverpool
uin	HL9755
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The government does not have an estimate of the savings in social care from free care provided by siblings living in these circumstances.</p><p>The government has not assessed the inheritance tax liabilities in these circumstances. All individuals benefit from a £325,000 tax free threshold for inheritance tax.</p> answering member printed Lord Bates question first answered 02/08/2018 12:01:08 answering member 1091 label Biography information for Lord Bates
tabling member	738 label Biography information for Lord Alton of Liverpool

947126

registered interest
date	23/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Trade Competitiveness
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to ensure that the City of London remains a truly competitive, global financial hub after Brexit; and if they do, whether such plans would involve cuts to corporation tax.
tabling member printed	Lord Taylor of Warwick
uin	HL9816
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position post-Brexit. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p>Alongside these strengths, we also already have a competitive tax offer. The UK corporation tax rate is the lowest in the G20 at just 19 per cent, and is legislated to fall to 17 per cent in 2020. All together, these factors have made the City of London the world’s leading financial centre and will continue to do so.</p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:00:38 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

945602

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	Duchy of Cornwall: Property Transfer
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether Duchy of Cornwall property used by Bishop Peter Ball was transferred into the private ownership of the Prince of Wales; and, if so, whether the transfer was approved by HM Treasury; and, if so, whether at (1) an independently audited commercial rate, or (2) a discounted rate.
tabling member printed	Lord Berkeley
uin	HL9731
answer	answer is ministerial correction date of answer 01/08/2018 answer text <p>This is a matter for the Duchy of Cornwall. The Duchy of Cornwall Management Acts 1863 and 1982 set out the requirement for HM Treasury approval. I understand that the property was fully marketed and disposed by the Duchy of Cornwall estate at arms-length to a third party in 2015.</p> answering member printed Lord Bates question first answered 01/08/2018 12:19:38 answering member 1091 label Biography information for Lord Bates
tabling member	3526 label Biography information for Lord Berkeley