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47417
star this property registered interest false more like this
star this property date less than 2014-04-07more like thismore than 2014-04-07
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they or the relevant regulators are examining the impact of high frequency trading on equity markets and financial stability. more like this
star this property tabling member printed
Lord Myners more like this
unstar this property uin HL6649 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-14more like thismore than 2014-04-14
star this property answer text <p>As I set out in my answer of 23 September 2013, the findings of the Foresight project &quot;The Future of Computer Trading in Financial Markets,&quot; led by the Government Office for Science and sponsored by the Treasury, was published in autumn 2012. This study considered, inter alia, the impact of computer trading on the integrity of markets – principally equity markets - and financial stability.</p> more like this
star this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-04-14T12:00:00.00Zmore like thismore than 2014-04-14T12:00:00.00Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
star this property attachment
1
unstar this property file name 3515LW.pdf more like this
star this property title the future of computer trading in financial market more like this
unstar this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
46974
star this property registered interest false more like this
star this property date less than 2014-04-03more like thismore than 2014-04-03
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what estimate they have made of the impact on public spending as a result of the new pension arrangements announced in the 2014 Budget. more like this
star this property tabling member printed
Lord Wills more like this
unstar this property uin HL6582 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-14more like thismore than 2014-04-14
star this property answer text <p><strong>The impact will depend on how people choose to use their pension savings, which is difficult to predict.</strong><strong> The Government expects any impact to be small in the context of the other pension measures announced in this Parliament – including State Pension age changes, the introduction of the single tier pension and public service pension reform – which are projected to save around £17 billion in 2030 in today's terms. The estimated net fiscal impact of pension changes announced in this Parliament can be found in Chart 1.12 of the Red Book here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293759/37630_Budget_2014_Web_Accessible.pdf</strong></p> more like this
star this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-04-14T12:00:00.00Zmore like thismore than 2014-04-14T12:00:00.00Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
star this property attachment
1
unstar this property file name 3467LW.pdf more like this
star this property title projected tax ipacts of pension arrangements more like this
unstar this property tabling member
260
unstar this property label Biography information for Lord Wills more like this
49882
star this property registered interest false more like this
star this property date less than 2014-05-06more like thismore than 2014-05-06
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government how many people currently complete a tax return; what is the average cost per case to HM Revenue and Customs of dealing with such tax returns; and whether they have made an estimate of the additional cost if all taxpayers were required to complete a tax return. more like this
star this property tabling member printed
Lord Bichard more like this
unstar this property uin HL6867 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-05-14more like thismore than 2014-05-14
star this property answer text <p>Around 10 million individuals are required to complete a Self Assessment tax return each year.</p><p> </p><p>The particular information about cost per case is only available at a disproportionate cost. But although HM Revenue and Customs (HMRC) does not have this information readily available the average cost of processing a personal income tax return was published by HMRC in the ‘International Tax Benchmarking Study' in 2011 which is available on the HMRC website at: <a href="http://www.hmrc.gov.uk/research/benchmarking.pdf" target="_blank">www.hmrc.gov.uk/research/benchmarking.pdf</a></p><p> </p> more like this
star this property answering member printed Lord Deighton more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
star this property answering member
4262
star this property label Biography information for Lord Deighton more like this
star this property attachment
1
unstar this property file name personal income tax returns.pdf more like this
star this property title cost and elapsed time to process PIT returns more like this
unstar this property tabling member
3863
unstar this property label Biography information for Lord Bichard more like this
45763
star this property registered interest false more like this
star this property date less than 2014-03-27more like thismore than 2014-03-27
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what discussions they have had with the Office for Budget Responsibility concerning explanations suggesting that there is a £20 billion shortfall in public finances. more like this
star this property tabling member printed
Lord Barnett more like this
unstar this property uin HL6412 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-08more like thismore than 2014-04-08
star this property answer text <p>The independent OBR publish a log of all substantive contact with Ministers, their offices and special advisers on their website.</p> more like this
star this property answering member printed Lord Newby more like this
star this property question first answered
less than 2014-04-08T12:00:00.00Zmore like thismore than 2014-04-08T12:00:00.00Z
star this property answering member
1916
star this property label Biography information for Lord Newby more like this
star this property attachment
1
unstar this property file name 3379LW 1314.pdf more like this
star this property title OFFICE FOR BUDGET RESPONSIBILITY CONTACT LOG more like this
unstar this property tabling member
1018
unstar this property label Biography information for Lord Barnett more like this
46011
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they will establish a formal investigation, independent of the Financial Conduct Authority (FCA), into the FCA's handling of the announcement it made via the press on 28 March of an investigation into closed insurance funds; and whether they have made an estimate of the financial consequences of the creation of a possible false market in insurance securities as a result of the initial announcement and subsequent amendments. more like this
star this property tabling member printed
Lord Myners more like this
unstar this property uin HL6489 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-11more like thismore than 2014-04-11
star this property answer text <p>The Financial Conduct Authority (FCA) Board has announced an investigation which will be independent of the FCA executive. A senior independent lawyer will investigate what went wrong and make appropriate recommendations.</p><p> </p><p>The Chancellor has written to the Chair of the FCA setting out the questions that the investigation should answer. This includes the question of to what extent a false or disorderly market was present in the period before the FCA issued its statement of clarification. The letter was copied to the Treasury Committee and has been published on the Treasury's website.</p><p> </p><p> </p><p> </p> more like this
star this property answering member printed Lord Newby more like this
star this property question first answered
less than 2014-04-11T12:00:00.00Zmore like thismore than 2014-04-11T12:00:00.00Z
star this property answering member
1916
star this property label Biography information for Lord Newby more like this
star this property attachment
1
unstar this property file name 3420LW 1314.pdf more like this
star this property title Letter FCA more like this
unstar this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
46403
star this property registered interest false more like this
star this property date less than 2014-04-01more like thismore than 2014-04-01
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government how many people have (1) applied for, and (2) been granted, help through (a) the Help to Buy mortgage guarantee scheme, and (b) the Help to Buy equity loan scheme, in each of the ten districts of Greater Manchester. more like this
star this property tabling member printed
Lord Bradley more like this
unstar this property uin HL6500 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-11more like thismore than 2014-04-11
star this property answer text <p>LORD NEWBY</p><p>a) On 23 March, the Prime Minister announced that 2,572 mortgages were supported by the Help to Buy: mortgage guarantee scheme in its first four months. 342 of these were in the North West. The Government does not generally collect data on the number of applications participating lenders receive for mortgages supported by the Help to Buy: mortgage guarantee scheme. However, as a single submission to the Government, two of the largest lenders in the Scheme, Lloyds and RBS, have said they received 9,569 applications, and one of the smallest lenders in the Scheme, Aldermore, received 2,313 applications.</p><p> </p><p>Now the Scheme is open, the Government is collecting data on mortgages covered by the guarantee, and will report in due course.</p><p> </p><p> </p><p>b) The Government publishes monthly statistics on the cumulative number of homes purchased (legal completions), with the support of Help to Buy: equity loans, by local authority in England. The data can be found at <a href="https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics" target="_blank">https://www.gov.uk/government/statistical-data-sets/help-to-buy-equity-loan-scheme-monthly-statistics</a>.</p><p> </p><p> </p>
star this property answering member printed Lord Newby more like this
star this property question first answered
less than 2014-04-11T12:00:00.00Zmore like thismore than 2014-04-11T12:00:00.00Z
star this property answering member
1916
star this property label Biography information for Lord Newby more like this
star this property attachment
1
unstar this property file name 3434LW 1314.xlsx more like this
star this property title Help to buy - Cumulative number more like this
unstar this property tabling member
452
unstar this property label Biography information for Lord Bradley more like this
753273
star this property registered interest false more like this
star this property date less than 2017-07-18more like thismore than 2017-07-18
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text Her Majesty's Government what assessment they have made of the costs and benefits of agreeing (1) an enhanced equivalence regulation, and (2) a UK–EU bilateral equivalence agreement, as a means of continuing UK–EU collaboration on financial services laws and regulations post-Brexit. more like this
star this property tabling member printed
Baroness Deech more like this
unstar this property uin HL961 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-08-01more like thismore than 2017-08-01
star this property answer text <p>The government is committed to leaving the EU in a way that underpins prosperity and avoids unnecessary disruption and dangerous cliff edges for businesses. Ensuring there is regulatory coherence between the UK and EU is key to achieving this. Our ambition is for a new EU-UK relationship where there is a strong shared commitment to regulatory coherence. The details of this new relationship are a matter for the negotiations.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-08-01T10:57:21.413Zmore like thismore than 2017-08-01T10:57:21.413Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
3756
unstar this property label Biography information for Baroness Deech more like this
753333
star this property registered interest false more like this
star this property date less than 2017-07-18more like thismore than 2017-07-18
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text Her Majesty's Government what is their assessment of the contribution of the mutual reinsurer Pool Re to the mitigation of terrorism risk. more like this
star this property tabling member printed
Lord Patten more like this
unstar this property uin HL1021 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-08-01more like thismore than 2017-08-01
star this property answer text <p>Pool Re is a Government backed terrorism reinsurance scheme, established after insurers withdrew from proving terrorism cover in the wake of the IRA bombing campaign in the 1990s, which left businesses unprotected.</p><p> </p><p>Pool Re provides reinsurance to its members and is backed by a Government guarantee to ensure they can provide cover for losses resulting from acts of terrorism, while being protected from catastrophic losses. This helps businesses insure against the financial risks of a terrorist attack. To date, Pool Re has dealt with 16 separate terrorism events paying total losses in excess of £600m.</p><p> </p><p>Treasury is in active discussions with Pool Re in relation to the evolving nature of the terrorism threat.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-08-01T10:56:44.4Zmore like thismore than 2017-08-01T10:56:44.4Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
1137
unstar this property label Biography information for Lord Patten more like this
752460
star this property registered interest false more like this
star this property date less than 2017-07-17more like thismore than 2017-07-17
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text Her Majesty's Government what is their assessment of the benefits and costs to the UK of membership of the European Banking Authority. more like this
star this property tabling member printed
Lord Lester of Herne Hill more like this
unstar this property uin HL906 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-07-31more like thismore than 2017-07-31
star this property answer text <p>As a set of single market authorities, the memberships of the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA) consist only of EU and EEA national competent authorities. As the UK is leaving the European Union, our relationship will change.</p><p>The EU has also stated its intention to relocate the EBA. The future relationship will be a matter for negotiations. We are seeking a comprehensive trade agreement, which includes financial services and is based on a deep and special partnership between the EU and UK that goes much wider than trade.</p><p> </p><p>The financial costs of the three bodies are divided on a 60:40 ratio between national competent authorities across the EU, and a contribution from the European community. Details of the budgets and the activity conducted by the agencies are available on the respective websites.</p> more like this
star this property answering member printed Lord Bates more like this
star this property grouped question UIN
HL1001 more like this
HL1002 more like this
star this property question first answered
less than 2017-07-31T13:39:43.087Zmore like thismore than 2017-07-31T13:39:43.087Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
2037
unstar this property label Biography information for Lord Lester of Herne Hill more like this
753275
star this property registered interest false more like this
star this property date less than 2017-07-18more like thismore than 2017-07-18
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text Her Majesty's Government what is their assessment of the level of smuggling of fuel and other items along the border between Northern Ireland and the Republic of Ireland. more like this
star this property tabling member printed
Lord Empey more like this
unstar this property uin HL963 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-07-31more like thismore than 2017-07-31
star this property answer text <p>HM Revenue &amp; Customs (HMRC) do not have a breakdown of the level of smuggling or the value of smuggled items along the border between Northern Ireland and the Republic of Ireland.</p><p> </p><p>HMRC publishes estimates of tax gap for fuel and other excise goods. The latest estimates are included at pages 33 to 49 of ‘Measuring Tax Gaps 2016’</p><p> </p><p>These estimates cannot be disaggregated by type of fraud, such as smuggling. The estimate of the market share for illicit diesel in Northern Ireland is 8%, which amounts to about £50m in lost revenue.</p><p> </p><p>HMRC continually reviews its approach to tackling tax fraud. In respect of the border between Northern Ireland and the Republic of Ireland, HMRC plays a proactive role in the Organised Crime Taskforce, chairing the Cross Border Enforcement Groups on tobacco and fuel fraud.</p><p>HMRC continually monitors the threat from the smuggling of heating oil. There is currently no evidence to suggest that home heating oil has become the main hydrocarbon fuel smuggled across the border between Northern Ireland and the Republic of Ireland.</p>
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-07-31T11:24:24.18Zmore like thismore than 2017-07-31T11:24:24.18Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
4216
unstar this property label Biography information for Lord Empey more like this