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1124419

registered interest
date	01/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether Treasury ministers or officials have been in discussions with the Financial Conduct Authority (FCA) about the establishment by the latter of an independent review into the FCA’s supervision of London Capital & Finance; and why the terms of reference of the review and the identity of the independent reviewer have not yet been published.
tabling member printed	Lord Myners
uin	HL15468
answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>This Government takes the failure of London Capital &amp; Finance (LCF) and its impact on consumers very seriously. The independent investigation will seek to better understand the circumstances around the collapse of LCF and make sure we are properly protecting those who invest their money in the future.</p><p>It is essential that the terms of the investigation are set in a way that ensures these objectives are met and take into account any issues arising from current regulatory and enforcement investigations. HM Treasury officials are working to develop these with the relevant bodies as a matter of priority. Further details on this investigation, including the appointment of the independent investigator, will be published shortly.</p> answering member printed Lord Young of Cookham question first answered 15/05/2019 11:31:21 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

1123751

registered interest
date	29/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Import Duties
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what revenue they anticipate from a full year of the temporary tariff regime announced on 13 March; and how much they would expect to raise if there were no change in the current tariff regime.
tabling member printed	Lord Lilley
uin	HL15389
answer	answer is ministerial correction date of answer 13/05/2019 answer text Under the current tariff regime, the independent Office for Budget Responsibility have forecast tariff revenue to be £3.5bn in 2019/20. In the event of a no deal it will not be possible to replicate our current trading arrangements. The yield raised from tariffs, under the temporary tariff regime, is likely to be highly sensitive to any behavioural response, wider economic conditions, and judgements on modelling assumptions taken by the Office for Budget Responsibility. It is therefore not possible to provide a firm estimate at this stage of a full year of the temporary tariff regime but in the event of no deal, the tariffs policy would be reflected in a future Office for Budget Responsibility fiscal forecast. answering member printed Lord Young of Cookham question first answered 13/05/2019 16:25:49 answering member 57 label Biography information for Lord Young of Cookham
tabling member	68 label Biography information for Lord Lilley