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164225

registered interest
date	21/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Immigration
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what calculations they have made of the fiscal impact of immigration into the United Kingdom.
tabling member printed	Lord Turnberg
uin	HL3055
answer	answer is ministerial correction date of answer 05/12/2014 answer text <p>In order to inform policy making, the government reviews and notes the wider evidence on the economic and fiscal impacts of immigration on an ongoing basis. This evidence base includes the wider academic literature, and a range of reports commissioned or produced by the government looking at specific impacts, for example those produced by the independent Migration Advisory Committee. In addition, policies that influence migration are assessed using the government's impact assessment process which models the economic impact of the policy change using assumptions based on a range of evidence and the academic literature. Home Office Impact Assessments are published on gov.uk.</p><p> </p> answering member printed Lord Deighton question first answered 05/12/2014 15:01:48 answering member 4262 label Biography information for Lord Deighton
tabling member	2537 label Biography information for Lord Turnberg

164234

registered interest
date	21/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: ICT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what representations they are making to the financial services industry to ensure that the information technology infrastructure is fit for purpose.
tabling member printed	Lord Kennedy of Southwark
uin	HL3064
answer	answer is ministerial correction date of answer 05/12/2014 answer text <p><strong>Responsibility for information technology infrastructure in the UK finance sector is primarily for the firms themselves. The Financial Authorities have a role to play in supporting, coordinating and driving change to improve the operational resilience of the sector.</strong><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong>In addition to on-going supervisory oversight of technology risk within firms by the Authorities, the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) jointly launched, in October 2014, a review of firms’ critical infrastructure and technology resilience. The review </strong><strong>focuses on the most significant UK retail deposit-taking organisations and is expected to conclude in mid-2015.</strong> <strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p> answering member printed Lord Deighton question first answered 05/12/2014 14:59:57 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

164235

registered interest
date	21/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their assessment of the rules governing short selling.
tabling member printed	Lord Kennedy of Southwark
uin	HL3065
answer	answer is ministerial correction date of answer 05/12/2014 answer text <p><strong>The rules governing short selling are set out in the Short Selling Regulation (SSR) - a directly applicable EU regulation which entered into force on 1 November 2012. Article 45 of the Regulation requires the European Commission to carry out a review of the Regulation. </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong>The European Commission published a report in December 2013 setting out its findings. That review concluded that “…it is too early, based on available evidence, to draw firm conclusions on the operation of the SSR framework which would warrant a revision of the legislation at this stage”. The report concludes that a further review could be carried out based on more empirical evidence by 2016.</strong></p><p> </p><p><strong> </strong></p><p> </p> answering member printed Lord Deighton question first answered 05/12/2014 14:56:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

164237

registered interest
date	21/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	EU External Trade: Tunisia
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether duties on goods from Tunisia entering the European Union have been eliminated; and if not, to what extent they will be reduced in the coming year.
tabling member printed	Lord Hylton
uin	HL3067
answer	answer is ministerial correction date of answer 05/12/2014 answer text <p><strong>Following the signing of an Association Agreement with the EU in 1995, the import Tariffs on industrial products originating from Tunisia have been eliminated. The same Agreement also resulted in greater liberalisation in the Tariffs on agricultural and fishery products.<br> <br> A preparatory process for launching negotiations on a Deep and Comprehensive Free Trade Area (DCFTA) is on-going.</strong></p><p> </p> answering member printed Lord Deighton question first answered 05/12/2014 14:58:25 answering member 4262 label Biography information for Lord Deighton
tabling member	2018 label Biography information for Lord Hylton

157060

registered interest
date	20/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
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 17 November (HL2586), whether they will make available the customer research into the way data on public expenditure statistics were presented in the letters to taxpayers intending to show how income taxes are spent; and why no reference was made in those statements to indirect taxation such as VAT.
tabling member printed	Lord Beecham
uin	HL3005
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>The Government introduced tax summaries to make personal taxes more transparent and easier to understand. Tax summaries do not include VAT and other indirect taxes as the Government does not keep records of these in relation to individuals. To do so would require costly and intrusive monitoring of an individual’s spending patterns.</p><p> </p><p> </p><p> </p><p>HMRC undertook extensive customer research of a range of tax summary prototypes to test whether taxpayers found the information clear and comprehensive. The research is available on the Gov.uk website<sup><sup>[1]</sup></sup>.</p><p> </p><p> </p><p>[1] <a href="https://www.gov.uk/government/publications/personal-tax-transparency-customer-research-and-testing" target="_blank">https://www.gov.uk/government/publications/personal-tax-transparency-customer-research-and-testing</a></p><p> </p><p> </p> answering member printed Lord Deighton attachment 1 file name report269a.pdf title Personal tax transparency 2 file name report269b.pdf title Personal tax summaries 3 file name report269c.pdf title Personal tax summaries 2 question first answered 02/12/2014 16:47:03 answering member 4262 label Biography information for Lord Deighton
tabling member	4181 label Biography information for Lord Beecham

157079

registered interest
date	20/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Savings Bonds: Pensioners
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government when they will announce the exact rates on pensioner bonds, as promised in the Chancellor of the Exchequer's Budget speech.
tabling member printed	Lord Lipsey
uin	HL3024
answer	answer is ministerial correction date of answer 04/12/2014 answer text <p>Budget 2014 announced government plans for National Savings and Investments (NS&amp;I) to help support savers by launching in January 2015 a choice of one and three-year market leading fixed-rate savings Bonds for people aged 65 or over. Interest rates on the Bonds will be confirmed on the 12th December 2014.</p> answering member printed Lord Deighton question first answered 04/12/2014 17:33:12 answering member 4262 label Biography information for Lord Deighton
tabling member	2492 label Biography information for Lord Lipsey

157089

registered interest
date	20/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will allow the Northern Ireland Executive to use financial resources, allocated to it for Capital Departmental Expenditure Limit purposes, as financial allocations for Resource Departmental Expenditure Limit purposes in either financial years 2014–15 or 2015–16.
tabling member printed	Lord Empey
uin	HL3034
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>Switching provision from Capital budgets to Resource budgets requires the approval of Treasury Ministers, as set out in the Consolidated Budgeting Guidance.</p><p> </p><p> </p><p> </p><p>In reaching agreement on a draft budget for 2015-16, the Northern Ireland Finance Minister requested that the Treasury consider flexibilities in relation to specific Capital to Resource switches within the Northern Ireland Executive’s allocations. This request will be considered as the Northern Ireland Executive moves towards setting final 2015-16 budgets.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3036 question first answered 02/12/2014 16:42:57 answering member 4262 label Biography information for Lord Deighton
tabling member	4216 label Biography information for Lord Empey

157090

registered interest
date	20/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the Scottish Government, Welsh Government or Northern Ireland Executive have been permitted to convert financial resources allocated to them for Capital Departmental Expenditure Limit to Resource Departmental Expenditure Limit and if so, when.
tabling member printed	Lord Empey
uin	HL3035
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>Switching provision from Capital budgets to Resource budgets requires the approval of Treasury Ministers, as set out in the Consolidated Budgeting Guidance.</p><p> </p><p> </p><p> </p><p>Over the course of this Parliament, no switches from Capital to Resource budgets have yet been made within devolved administration allocations.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 02/12/2014 16:45:25 answering member 4262 label Biography information for Lord Deighton
tabling member	4216 label Biography information for Lord Empey

157091

registered interest
date	20/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have received a request from or had discussions with the Northern Ireland Executive on the reclassification of Capital Departmental Expenditure Limit as Resource Departmental Expenditure Limit.
tabling member printed	Lord Empey
uin	HL3036
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>Switching provision from Capital budgets to Resource budgets requires the approval of Treasury Ministers, as set out in the Consolidated Budgeting Guidance.</p><p> </p><p> </p><p> </p><p>In reaching agreement on a draft budget for 2015-16, the Northern Ireland Finance Minister requested that the Treasury consider flexibilities in relation to specific Capital to Resource switches within the Northern Ireland Executive’s allocations. This request will be considered as the Northern Ireland Executive moves towards setting final 2015-16 budgets.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3034 question first answered 02/12/2014 16:42:57 answering member 4262 label Biography information for Lord Deighton
tabling member	4216 label Biography information for Lord Empey

156489

registered interest
date	18/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they intend to ring-fence defence spending in future budget settlements.
tabling member printed	Lord Empey
uin	HL2931
answer	answer is ministerial correction date of answer 02/12/2014 answer text <p>The Government has set departmental budgets for the remainder of this Parliament, however no departmental budgets are set beyond 2015-16. The Government is committed to ensuring we have properly funded Armed Forces. The UK continues to be the second biggest contributor to NATO, and is committed to growing the Defence equipment programme at 1 percent above inflation each year until 2020-21.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 02/12/2014 16:41:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4216 label Biography information for Lord Empey