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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

1123759

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	Electronic Commerce: Tax Evasion
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 Young of Cookham on 25 April, what was the value of stock belonging to third parties seized from 14 fulfilment houses by HMRC; whether that stock has been, or will be, destroyed; and if not, what they intend to do with that stock.
tabling member printed	Lord Lucas
uin	HL15397
answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>HMRC does not record the values of goods seized from fulfilment houses. Goods have been seized where HMRC believes customs obligations have been contravened. This includes the inability of the fulfilment house to link the goods to an import declaration made to HMRC. Without this link, the value of the goods declared at import is unknown. HMRC will destroy all seized goods after an appropriate period of time has elapsed, unless the importer of the goods can demonstrate it is compliant.</p> answering member printed Lord Young of Cookham question first answered 13/05/2019 16:21:04 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1879 label Biography information for Lord Lucas

1123774

registered interest
date	29/04/2019
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Foreign Relations: Germany
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether transcripts were taken of the meetings in May and June 2018 between the Chancellor of Germany and the Prime Minister; and if so, whether they will place copies in the Library of the House.
tabling member printed	Lord Pearson of Rannoch
uin	HL15412
answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>The Prime Minister holds meetings with other leaders regularly in order to further the UK’s foreign policy interests.</p><p><strong> </strong></p><p>In order to maintain the trust of other states and continue the free and frank exchange of information between governments, it is important that discussions between the Prime Minister and other leaders are protected.</p><p> </p> answering member printed Lord Young of Cookham question first answered 13/05/2019 16:14:32 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3153 label Biography information for Lord Pearson of Rannoch

1123292

registered interest
date	25/04/2019
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 what assessment they have made of the number of people who have no form of bank account in the UK and the additional costs such people incur to access certain goods and services.
tabling member printed	Lord Kennedy of Southwark
uin	HL15348
answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>The Government takes financial inclusion very seriously and is working to ensure everyone can have access to useful and affordable financial services, including a bank account.</p><p> </p><p>The Treasury does not make assessments of the number of people who do not have a bank account or the additional costs that may be incurred. However, in 2017, the Financial Conduct Authority published the results of the Financial Lives Survey which found that 1.3 million UK adults were unbanked, i.e. have no current account or alternative e-money account.</p><p> </p><p>The Financial Lives Survey report contains further information on the characteristics of the unbanked. The report analyses survey results across the four nations of the UK, the nine regions of England, and by rural and urban areas. The FCA intend to repeat the Financial Lives Survey on a regular basis in future.</p><p> </p><p> </p><p>However, the nine largest personal current account providers in the UK are legally required to offer fee-free basic bank accounts to customers who do not have a bank account or who are ineligible for a bank’s standard current account. Accounts have all the standard payment features such as Direct Debits and Standing Orders, though no overdraft or cheque book facilities. The Treasury’s December 2018 publication shows that in total there are nearly 7.5 million basic bank accounts open in the UK.</p> answering member printed Lord Young of Cookham question first answered 09/05/2019 10:37:58 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4153 label Biography information for Lord Kennedy of Southwark

1122917

registered interest
date	24/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asset Life
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they, or the Financial Conduct Authority, are investigating the activities of Asset Life and the suitability of its directors.
tabling member printed	Lord Myners
uin	HL15308
answer	answer is ministerial correction date of answer 08/05/2019 answer text <p>This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Young of Cookham question first answered 08/05/2019 12:55:24 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners