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 question first answered answering member label
tabling member	label

Search

227430

registered interest
date	16/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: EU Action
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 Deighton on 16 February (HL4632) concerning European Union regulations to break up banks in the European Union, whether they or the European Commission would make the final decision when any action was proposed against United Kingdom banks; and whether Parliament would be involved in any such proposals.
tabling member printed	Lord Stoddart of Swindon
uin	HL5751
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>In order to address the systemic risk posed by UK banks, Parliament has legislated, via the Banking Reform Act 2013 (BRA), for such action to be taken through structural separation. This Act is to be implemented by the Prudential Regulation Authority. In the context of the ongoing negotiations on the proposed EU regulation for Bank Structural Reform, the Government is working to ensure that the BRA is maintained and that any other impact on UK banks is proportionate and kept to a minimum. It is the Government’s firm belief that banks should be supervised at the national level as local supervisors are best placed to understand the specificities of the national economy and its financial stability concerns. This is a critically important dossier for all Member States, in particular given the direct application of an EU regulation.</p><p> </p> answering member printed Lord Deighton question first answered 26/03/2015 13:50:26 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

225761

registered interest
date	09/03/2015
answering body	HM 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 United Kingdom's contribution to the European Union Budget and off-budget expenditure, including overseas aid administered by the European Union is subject to the Government and Resources Accounts Act 2000; and whether they have assessed the compliance of their contribution with that Act.
tabling member printed	Lord Stoddart of Swindon
uin	HL5528
answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>The United Kingdom’s contribution to the European Union budget is accounted for within the Consolidated Fund and disclosed in Notes 5 and 11 to the accounts. The Consolidated Fund is prepared by HM Treasury under the National Loans Act 1968. The Consolidated Fund accounts are publicly available on the gov.uk website. [1]</p><p> </p><p> </p><p> </p><p> </p><p>[1] <a href="https://www.gov.uk/government/collections/hmt-central-funds" target="_blank">https://www.gov.uk/government/collections/hmt-central-funds</a></p><p> </p> answering member printed Lord Deighton question first answered 23/03/2015 16:36:47 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

225765

registered interest
date	09/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic and Monetary Union
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their assessment of the likely consequences for the United Kingdom of the decision of the European Central Bank to apply one trillion euros of quantitative easing to the Eurozone; and from what source the money will be financed.
tabling member printed	Lord Stoddart of Swindon
uin	HL5531
answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>The Treasury regularly monitors global economic developments, including those in the euro area, and their impact on the UK as part of the normal process of policy development.</p><p> </p><p> </p><p> </p><p>It is not for the Government to comment on the appropriate monetary policy stance for the euro area.</p><p> </p><p> </p><p> </p><p>Nonetheless, the Chancellor has made clear that the Government fully supports Mario Draghi’s efforts to ensure that the ECB does whatever it takes to meet its inflation mandate.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 23/03/2015 16:37:09 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

225325

registered interest
date	04/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Eurostar
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the consent of the European Union is required before the sale of the government holding in Eurostar can proceed; and if so, why.
tabling member printed	Lord Stoddart of Swindon
uin	HL5450
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>As made clear at the time of the announcement, completion of the sale of Eurostar is conditional on regulatory approval, including EU competition clearance. This is because the transaction constitutes a change of control under Regulation 139/2004 and as such falls under the jurisdiction of the European Commission.</p><p> </p> answering member printed Lord Deighton question first answered 18/03/2015 16:45:38 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

224309

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Pay
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 Deighton on 24 February (HL4914) concerning public sector pay, whether they plan to revert to free collective bargaining in the public sector after 2015–16; and if not, why not.
tabling member printed	Lord Stoddart of Swindon
uin	HL5331
answer	answer is ministerial correction date of answer 11/03/2015 answer text <p>Pay awards in the main public sector workforces are set following recommendations made by independent Pay Review Bodies to the government. The Pay Review Bodies take written and oral evidence from the government, employers and trade unions in making their recommendations on pay.</p><p> </p><p> </p><p> </p><p>The Review Bodies operate in the public interest by offering a transparent, independent mechanism to inform pay setting for key workforces in the public sector. All parties can put forward their views on pay and independent recommendations are then publicly offered to government.</p><p> </p><p> </p><p> </p><p>Different mechanisms are always possible, and have been used in the past, but the Review Body system has proved its value over decades in balancing the interests of all the different parties – notably workforce, employers and government – for workforces where there is a strong and continuing public interest in the outcomes.</p><p> </p> answering member printed Lord Deighton question first answered 11/03/2015 17:06:34 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

178923

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the call by the Prime Minister at the British Chambers of Commerce Conference on 10 February for salaries and wages in the private sector to be increased, whether they will now arrange for the caps on the salaries and wages of public sector employees to be lifted; and if not, why not.
tabling member printed	Lord Stoddart of Swindon
uin	HL4914
answer	answer is ministerial correction date of answer 24/02/2015 answer text <p>The Chancellor announced at Autumn Statement 2011 that for the two years following the public sector pay freeze, public sector pay awards will average at 1 per cent. At Budget 2013 it was announced that awards in 2015-16 will be limited to an average of up to 1 per cent.</p><p> </p><p> </p><p> </p><p>The government has made no decisions on pay policy beyond 2015-16. Decisions on future pay policy will be made at the next spending round.</p><p> </p><p> </p><p> </p><p>Pay restraint is one of the many difficult choices the government has had to make to help put the UK's public finances back on track. It is helping to protect jobs in the public sector and support the quality of public services.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 24/02/2015 17:55:06 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

177002

registered interest
date	02/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: EU Action
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they consider proposals by the European Commission for regulations to allow the break-up of banks in the European Union to be in accordance with the principle of subsidiarity.
tabling member printed	Lord Stoddart of Swindon
uin	HL4632
answer	answer is ministerial correction date of answer 16/02/2015 answer text <p>The Government considers that while structural reform provides substantial benefits even if applied at a national level, there may be arguments for unifying the objectives and standards of bank structural reform across the EU. Uniform objectives and standards reform could reduce the scope for regulatory arbitrage and help promote a level playing field for banking in the EU. Furthermore, the Government considers that the derogation clause and degree of supervisory discretion proposed would be sufficient to ensure that the subsidiarity principle is applied.</p><p> </p> answering member printed Lord Deighton question first answered 16/02/2015 16:43:20 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

177003

registered interest
date	02/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic and Monetary Union
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 suggestion by the Governor of the Bank of England that the Eurozone should pursue fiscal integration; and what they consider would be the implications for the United Kingdom and its membership of the European Union if such a policy were introduced.
tabling member printed	Lord Stoddart of Swindon
uin	HL4633
answer	answer is ministerial correction date of answer 16/02/2015 answer text <p>The Treasury continually monitors economic developments in our trading partners as part of the normal policy process. The economic uncertainty that emanated from the euro area crisis had a chilling effect on the UK’s own recovery. The Chancellor has long made clear his view that there is a remorseless logic which means that the euro area, like any single currency, needs closer economic and fiscal integration to secure its future. At the same time, the UK Government has been clear that it will not be part of closer integration and will protect the interests of those outside the single currency, especially in relation to the Single Market.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 16/02/2015 16:42:22 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

172976

registered interest
date	12/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Departments: Pensions
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 Deighton on 6 January (HL3478) concerning the Government Employee Pensions liability, whether the £1,171.6 billion is part of, or additional to, the national debt.
tabling member printed	Lord Stoddart of Swindon
uin	HL4048
answer	answer is ministerial correction date of answer 26/01/2015 answer text <p>We can confirm that the £1,171.6 billion Government Employees Pensions liability is additional to the national debt.</p><p> </p><p> </p><p> </p><p>The WGA produce consolidated accounts of all public sector bodies based on internationally recognised accounting standards. The amount shown includes the pension liability for central government, local government, police, fire, teachers, NHS and Armed Forces staffs. It also includes public corporations.</p><p> </p><p> </p><p> </p><p>A reconciliation between the Public Sector Net Debt figure, and the WGA Public Sector Net Liabilities figure, can be found at Chapter 3 of the 2012-13 Whole of Government Accounts.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 26/01/2015 16:46:38 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon

172977

registered interest
date	12/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Housing: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what would be the financial effect of abolishing stamp duty on house purchases and replacing it with a form of Schedule A tax on owner-occupied houses; and whether such a policy would benefit house buyers, especially first-time house buyers.
tabling member printed	Lord Stoddart of Swindon
uin	HL4049
answer	answer is ministerial correction date of answer 26/01/2015 answer text <p>Stamp Duty Land Tax (SDLT) raised £9.4 billion in 2013-2014, of which £6.45 billion was from residential property transactions. Total SDLT receipts are expected to increase over the coming years, reaching £19.5 billion by 2019-2020 according to the Office for Budget Responsibility. This revenue would be foregone if SDLT was abolished. Robustly assessing the effect, including the financial effect, of introducing a form of Schedule A tax, based on imputed rents, to replace SDLT, would incur a disproportionate cost.</p><p> </p><p> </p><p> </p><p>At the Autumn Statement 2014, the Government announced a radical reform of SDLT on residential properties to make it more efficient and fairer, ensuring that SDLT will be cut for 98% of people who pay it. The old structure of SDLT created distortions in the housing market and acted as a brake on aspiration as those wishing to move onto or up the housing ladder were met with large increases in tax when properties fell into higher tax bands. The new system will provide help to first time buyers and aspirational homeowners wishing to move up the housing ladder.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 26/01/2015 17:45:42 answering member 4262 label Biography information for Lord Deighton
tabling member	950 label Biography information for Lord Stoddart of Swindon