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79778

registered interest
date	30/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Expenditure
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what plans they have to review the Barnett formula, in the light of the referendum on Scottish independence.
tabling member printed	Lord Wigley
uin	HL1667
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>The Government position has been consistent: our priority has been to reduce the deficit and ensure a secure economic future for the whole of the UK.</p><p> </p><p>We have also been clear that no significant changes to the Barnett Formula are in prospect.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:03:32 answering member 4262 label Biography information for Lord Deighton
tabling member	547 label Biography information for Lord Wigley

79783

registered interest
date	30/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation: Migrants
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their assessment of the amount of income tax, value added tax and company taxation paid by migrants to the United Kingdom and by companies set up by migrants in each year since 2010 for which figures are available.
tabling member printed	Lord Jones of Cheltenham
uin	HL1672
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>The information requested is not available.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:24:49 answering member 4262 label Biography information for Lord Deighton
tabling member	248 label Biography information for Lord Jones of Cheltenham

79745

registered interest
date	29/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Debts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the answers by Lord Newby on 28 July (HL Deb, col 1409–11), whether cold callers recruiting for debt management companies are required to advise of the existence of free debt management services; if so, who is responsible for enforcing that requirement; and how many infractions have been recognised.
tabling member printed	Lord Sharkey
uin	HL1637
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>Lead generators for debt management firms are not subject to regulation directly, but the FCA requires regulated debt management firms that accept leads from lead generators to satisfy themselves that the business has been procured fairly and in accordance with relevant legislation, including the requirements of the Data Protection Act and the Privacy and Electronic Communication Regulations. Debt management firms must ensure that lead generators calling on their behalf make clear the identity of the firm, and the purpose of the communication, so the consumer can decide whether to proceed. Additionally, at first contact with a customer, debt management firms must signpost consumers to the availability of ‘free’ debt advice. The FCA is able to impose sanctions on regulated debt management firms, such as imposing unlimited fines and ordering firms to pay money back to customers, where wrongdoing is found.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:32:21 answering member 4262 label Biography information for Lord Deighton
tabling member	4196 label Biography information for Lord Sharkey

79746

registered interest
date	29/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	BBC Debts.com
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of the Financial Conduct Authority's finding that it has been carrying out consumer credit activities without their permission or authorisation, why BBCDebts.com is still active in the United Kingdom.
tabling member printed	Lord Sharkey
uin	HL1638
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>This question has been passed on to the FCA. The FCA will reply to the Noble Lord directly by letter. A copy of the response will be placed in the Library of the House.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:50:10 answering member 4262 label Biography information for Lord Deighton
tabling member	4196 label Biography information for Lord Sharkey

79747

registered interest
date	29/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Conduct Authority
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how many visits there have been from April 2014 to the last month for which data are available to the page on the Financial Conduct Authority website listing unauthorised firms and individuals to avoid.
tabling member printed	Lord Sharkey
uin	HL1639
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>This question has been passed on to the FCA. The FCA will reply to directly to the Noble Lord directly by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:05:06 answering member 4262 label Biography information for Lord Deighton
tabling member	4196 label Biography information for Lord Sharkey

79766

registered interest
date	29/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	UK Membership of EU
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 28 July (WA 273), what is their estimate of the impact of European Union membership on United Kingdom employment.
tabling member printed	Lord Pearson of Rannoch
uin	HL1658
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>The Government has made no assessment of the impact of European Union membership on United Kingdom employment.</p><p> </p><p> </p><p>As I noted in my response dated 28 July (WA 273) to Lord Grocott, the Treasury estimate that 3.3 million jobs in the UK may be related to exports to other European Union countries. This figure is based on the assumption that the share of UK employment associated with UK exports to the EU is equal to the share of output that is exported to the EU, making allowance for the composition of the UK economy.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:19:17 answering member 4262 label Biography information for Lord Deighton
tabling member	3153 label Biography information for Lord Pearson of Rannoch

79767

registered interest
date	29/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Lloyds Banking Group
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they plan to take any action in connection with those who served on the board of Lloyds Banking Group when that company was involved in LIBOR fixing and manipulating the Bank of England's Special Liquidity Scheme.
tabling member printed	Lord Myners
uin	HL1659
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>We support the proportionate enforcement action announced recently by the FCA against Lloyds Banking Group (LBG) and are clear that such abuses are completely unacceptable. The action by the new, tougher Financial Conduct Authority (FCA) shows that the system is working, and we are committed to taking further action to dealing with abuses, tackling the unacceptable behaviour of the few and ensuring that markets are fair for the many who depend on them.</p><p>Enforcement action against individuals and/or firms with regard to financial conduct issues; are a matter for the FCA and law enforcement institutions.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:30:45 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

79659

registered interest
date	28/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the answer by Lord Newby on 9 July (HL Deb, cols 209–11), whether they intend to continue to encourage investments in (1) the alternative investment market, (2) start-up businesses, and (3) forestry, in the light of the tax relief available for such investments.
tabling member printed	Lord Barnett
uin	HL1551
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>The government currently offers a range of tax reliefs to encourage investment. These form an important part of the government’s growth strategy and its commitment to make the UK one of the best places to start, finance and grow a business in Europe.</p><p> </p><p> </p><p>To ensure the tax reliefs remain well-targeted, the reliefs are only available where certain conditions are met. The government keeps all these schemes under review to ensure that the reliefs continue to encourage investment in a well-targeted and effective manner.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:18:30 answering member 4262 label Biography information for Lord Deighton
tabling member	1018 label Biography information for Lord Barnett

79561

registered interest
date	23/07/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Advisory Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of their consultation document <i>Freedom and Choice in Pensions</i> (CM 8901), on what they intend to spend the £20 million allocated in the budget for financial advice and guidance.
tabling member printed	Lord Lipsey
uin	HL1459
answer	answer is ministerial correction date of answer 11/08/2014 answer text <p>At Budget the government announced that it will be making available a development fund of £20 million, which will fund preparatory work to get the guidance guarantee up and running in good time for April 2015.</p><p> </p><p> </p><p>The Treasury has obtained approval for an advance of £10 million from the Contingencies Fund, to allow work on service design and implementation to proceed. I refer the noble Lord to the WMS of 21<sup>st</sup> July. The Treasury will be publishing a progress update on the service design and implementation strategy in the autumn.</p> answering member printed Lord Deighton question first answered 11/08/2014 12:05:51 answering member 4262 label Biography information for Lord Deighton
tabling member	2492 label Biography information for Lord Lipsey