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93406
registered interest false more like this
date less than 2014-10-14more like thismore than 2014-10-14
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Currencies more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what work is being undertaken by HM Treasury in respect of bitcoin and other digital currencies in the context of the speech by the Chancellor of the Exchequer on 6 August; and what consultation has taken place with the UK Digital Currency Association, as the representative body of those United Kingdom businesses engaged with digital currency. more like this
tabling member printed
Lord Harris of Haringey more like this
uin HL2072 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-27more like thismore than 2014-10-27
answer text <p>On 6 August, the Chancellor announced a major programme of work looking into digital currencies and associated technologies, with a particular focus on whether they should be regulated. The Government is now considering the benefits offered by digital currencies and the technology that underpins them, and whether it should take action to support innovation in this area. At the same time, the Government is examining the risks presented by digital currencies, and assessing whether action is required to mitigate any concerns. The Government is engaging with a wide range of stakeholders, including the UK Digital Currency Association, as part of this work.</p><p> </p> more like this
answering member printed Lord Deighton more like this
question first answered
less than 2014-10-27T12:43:05.3499054Zmore like thismore than 2014-10-27T12:43:05.3499054Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
2671
label Biography information for Lord Harris of Haringey more like this
91856
registered interest false more like this
date less than 2014-09-26more like thismore than 2014-09-26
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Public Expenditure more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government, according to the latest figures, what is the difference between the average public expenditure per head in Scotland and in England; and whether that figure has increased since the Select Committee on the Barnett Formula published its report in 2009. more like this
tabling member printed
Lord Barnett more like this
uin HL1914 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-13more like thismore than 2014-10-13
answer text <p>Data on public expenditure per head in Scotland and England since 2008-09 can be found in the following table.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td colspan="11"><p>Table 9.2 Total identifiable expenditure on services by country and region, per head 2008-09 to 2012-13</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td><p>£ per head</p></td><td> </td><td> </td><td> </td><td> </td><td><p>Index (UK identifiable expenditure = 100)</p></td></tr><tr><td> </td><td colspan="5"><p>National Statistics</p></td><td colspan="5"><p>National Statistics</p></td></tr><tr><td> </td><td><p>2008-09<br> outturn</p></td><td><p>2009-10<br> outturn</p></td><td><p>2010-11<br> outturn</p></td><td><p>2011-12<br> outturn</p></td><td><p>2012-13<br> outturn</p></td><td><p>2008-09<br> outturn</p></td><td><p>2009-10<br> outturn</p></td><td><p>2010-11<br> outturn</p></td><td><p>2011-12<br> outturn</p></td><td><p>2012-13<br> outturn</p></td></tr><tr><td><p>North East</p></td><td><p>8,930</p></td><td><p>9,547</p></td><td><p>9,583</p></td><td><p>9,189</p></td><td><p>9,419</p></td><td><p>110</p></td><td><p>110</p></td><td><p>110</p></td><td><p>106</p></td><td><p>107</p></td></tr><tr><td><p>North West</p></td><td><p>8,551</p></td><td><p>9,122</p></td><td><p>9,171</p></td><td><p>9,003</p></td><td><p>9,252</p></td><td><p>105</p></td><td><p>105</p></td><td><p>105</p></td><td><p>104</p></td><td><p>105</p></td></tr><tr><td><p>Yorkshire and the Humber</p></td><td><p>7,889</p></td><td><p>8,470</p></td><td><p>8,490</p></td><td><p>8,467</p></td><td><p>8,610</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td><td><p>98</p></td><td><p>98</p></td></tr><tr><td><p>East Midlands</p></td><td><p>7,385</p></td><td><p>7,964</p></td><td><p>7,970</p></td><td><p>7,937</p></td><td><p>8,118</p></td><td><p>91</p></td><td><p>91</p></td><td><p>91</p></td><td><p>92</p></td><td><p>92</p></td></tr><tr><td><p>West Midlands</p></td><td><p>7,972</p></td><td><p>8,446</p></td><td><p>8,437</p></td><td><p>8,356</p></td><td><p>8,498</p></td><td><p>98</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td></tr><tr><td><p>East</p></td><td><p>7,116</p></td><td><p>7,808</p></td><td><p>7,830</p></td><td><p>7,689</p></td><td><p>7,865</p></td><td><p>87</p></td><td><p>90</p></td><td><p>90</p></td><td><p>89</p></td><td><p>89</p></td></tr><tr><td><p>London</p></td><td><p>9,097</p></td><td><p>9,876</p></td><td><p>9,809</p></td><td><p>9,439</p></td><td><p>9,435</p></td><td><p>112</p></td><td><p>113</p></td><td><p>112</p></td><td><p>109</p></td><td><p>107</p></td></tr><tr><td><p>South East</p></td><td><p>7,070</p></td><td><p>7,514</p></td><td><p>7,554</p></td><td><p>7,440</p></td><td><p>7,638</p></td><td><p>87</p></td><td><p>86</p></td><td><p>86</p></td><td><p>86</p></td><td><p>87</p></td></tr><tr><td><p>South West</p></td><td><p>7,413</p></td><td><p>7,956</p></td><td><p>7,956</p></td><td><p>8,013</p></td><td><p>8,219</p></td><td><p>91</p></td><td><p>91</p></td><td><p>91</p></td><td><p>93</p></td><td><p>94</p></td></tr><tr><td><p>England</p></td><td><p>7,911</p></td><td><p>8,498</p></td><td><p>8,508</p></td><td><p>8,368</p></td><td><p>8,529</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td><td><p>97</p></td></tr><tr><td><p>Scotland</p></td><td><p>9,332</p></td><td><p>9,841</p></td><td><p>9,868</p></td><td><p>9,941</p></td><td><p>10,152</p></td><td><p>115</p></td><td><p>113</p></td><td><p>113</p></td><td><p>115</p></td><td><p>116</p></td></tr><tr><td><p>Wales</p></td><td><p>8,955</p></td><td><p>9,504</p></td><td><p>9,612</p></td><td><p>9,710</p></td><td><p>9,709</p></td><td><p>110</p></td><td><p>109</p></td><td><p>110</p></td><td><p>113</p></td><td><p>110</p></td></tr><tr><td><p>Northern Ireland</p></td><td><p>9,996</p></td><td><p>10,506</p></td><td><p>10,572</p></td><td><p>10,665</p></td><td><p>10,876</p></td><td><p>123</p></td><td><p>121</p></td><td><p>121</p></td><td><p>124</p></td><td><p>124</p></td></tr><tr><td><p>UK identifiable expenditure</p></td><td><p>8,142</p></td><td><p>8,718</p></td><td><p>8,735</p></td><td><p>8,631</p></td><td><p>8,788</p></td><td><p>100</p></td><td><p>100</p></td><td><p>100</p></td><td><p>100</p></td><td><p>100</p></td></tr></tbody></table><p> </p><p> </p><p>The information can be found in Table 9.2 in the Public Expenditure Statistical Analyses 2014 document[1].</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>[1] <a href="https://www.gov.uk/government/statistics/public-expenditure-statistical-analyses-2014" target="_blank">https://www.gov.uk/government/statistics/public-expenditure-statistical-analyses-2014</a></p>
answering member printed Lord Deighton more like this
question first answered
less than 2014-10-13T13:29:41.7194729Zmore like thismore than 2014-10-13T13:29:41.7194729Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
1018
label Biography information for Lord Barnett more like this
90932
registered interest false more like this
date less than 2014-09-08more like thismore than 2014-09-08
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Financial Services: Zimbabwe more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what consideration they have given to co-operating with the United States Justice Department and the Securities and Exchange Commission, as part of their investigation of the funding of President Mugabe in 2009 by Och-Ziff, BlackRock, GLC Partners and Credit Suisse, in order to establish whether any United Kingdom funding was involved. more like this
tabling member printed
Lord Blencathra more like this
uin HL1858 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-09-22more like thismore than 2014-09-22
answer text <p>UK regulators and law enforcement agencies cooperate closely with international partners, including those in the United States. Requests for assistance for investigations in the US and elsewhere are made to the UK Central Authority. Her Majesty’s Government does not confirm or deny the existence of such requests and we are unable to comment on any ongoing investigations.</p> more like this
answering member printed Lord Deighton more like this
question first answered
less than 2014-09-22T11:15:44.8716347Zmore like thismore than 2014-09-22T11:15:44.8716347Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
497
label Biography information for Lord Blencathra more like this
89927
registered interest false more like this
date less than 2014-09-01more like thismore than 2014-09-01
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Debts more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 11 August (HL1638), whether they, or the Financial Conduct Authority, have made an assessment of the effect on the market for debt management services of the absence of notification of the existence of free debt management services in cold calling by lead generators on behalf of fee-charging debt management services; and if not whether they plan to instruct the Financial Conduct Authority to make such an assessment. more like this
tabling member printed
Lord Sharkey more like this
uin HL1769 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-13more like thismore than 2014-10-13
answer text <p>The Financial Conduct Authority has put in place binding requirements on fee-charging debt management firms to signpost customers to free independent debt advice at the first point of contact, including when contacted following a referral from a lead generator.</p><p> </p><p>The FCA is monitoring the compliance of debt management firms with</p><p>its rules on an ongoing basis via its supervision of such firms and from 1 October 2014, all debt management firms are required to submit to the full scrutiny of the FCA authorisation process which will involve a comprehensive consideration of all aspects of their compliance.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The FCA is also undertaking an in-depth thematic review of the debt management sector to assess the quality of advice, looking at whether firms are recommending appropriate debt solutions, and how incentive structures and the use of lead generators may be affecting consumers.</p><p> </p><p> </p><p> </p>
answering member printed Lord Deighton more like this
grouped question UIN HL1770 more like this
question first answered
less than 2014-10-13T12:31:05.9573616Zmore like thismore than 2014-10-13T12:31:05.9573616Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
4196
label Biography information for Lord Sharkey more like this
89928
registered interest false more like this
date less than 2014-09-01more like thismore than 2014-09-01
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Debts more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what mechanisms are in place to ensure that (1) on first contact with potential customers, fee charging debt management companies notify of them of the existence of free debt management services, and (2) such notification is sufficient to produce an awareness of the existence of the free service. more like this
tabling member printed
Lord Sharkey more like this
uin HL1770 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-13more like thismore than 2014-10-13
answer text <p>The Financial Conduct Authority has put in place binding requirements on fee-charging debt management firms to signpost customers to free independent debt advice at the first point of contact, including when contacted following a referral from a lead generator.</p><p> </p><p>The FCA is monitoring the compliance of debt management firms with</p><p>its rules on an ongoing basis via its supervision of such firms and from 1 October 2014, all debt management firms are required to submit to the full scrutiny of the FCA authorisation process which will involve a comprehensive consideration of all aspects of their compliance.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The FCA is also undertaking an in-depth thematic review of the debt management sector to assess the quality of advice, looking at whether firms are recommending appropriate debt solutions, and how incentive structures and the use of lead generators may be affecting consumers.</p><p> </p><p> </p><p> </p>
answering member printed Lord Deighton more like this
grouped question UIN HL1769 more like this
question first answered
less than 2014-10-13T12:31:07.2821486Zmore like thismore than 2014-10-13T12:31:07.2821486Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
4196
label Biography information for Lord Sharkey more like this
89958
registered interest false more like this
date less than 2014-09-01more like thismore than 2014-09-01
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Cooperatives more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they consider that the Financial Conduct Authority’s responsibilities for the oversight of cooperative societies are sufficient to protect the interests of members and creditors. more like this
tabling member printed
Lord Myners more like this
uin HL1800 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-09-22more like thismore than 2014-09-22
answer text <p>The Financial Conduct Authority acts as the registrar for cooperative societies; it has no regulatory function in respect of cooperative societies where they are not authorised firms. The Government considers that this role is appropriate. The FCA was given additional powers in relation to this role in April 2014.</p> more like this
answering member printed Lord Deighton more like this
grouped question UIN HL1801 more like this
question first answered
less than 2014-09-22T13:10:10.0607267Zmore like thismore than 2014-09-22T13:10:10.0607267Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
3869
label Biography information for Lord Myners more like this
89959
registered interest false more like this
date less than 2014-09-01more like thismore than 2014-09-01
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Cooperatives more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government when they last reviewed the responsibilities and authorities of the Financial Conduct Authority to regulate cooperative societies. more like this
tabling member printed
Lord Myners more like this
uin HL1801 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-09-22more like thismore than 2014-09-22
answer text <p>The Financial Conduct Authority acts as the registrar for cooperative societies; it has no regulatory function in respect of cooperative societies where they are not authorised firms. The Government considers that this role is appropriate. The FCA was given additional powers in relation to this role in April 2014.</p> more like this
answering member printed Lord Deighton more like this
grouped question UIN HL1800 more like this
question first answered
less than 2014-09-22T13:10:08.6617759Zmore like thismore than 2014-09-22T13:10:08.6617759Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
3869
label Biography information for Lord Myners more like this
89960
registered interest false more like this
date less than 2014-09-01more like thismore than 2014-09-01
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Monetary Policy more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they have ruled out cancelling the gilt-edged securities bought by the Bank of England under the quantitative easing policy. more like this
tabling member printed
Lord Myners more like this
uin HL1802 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-09-15more like thismore than 2014-09-15
answer text <p>The independent Monetary Policy Committee (MPC) of the Bank of England has operational independence for monetary policy. The MPC makes decisions on its policy tools, including quantitative easing (QE), in order to meet the 2% inflation target in the medium term.</p><p> </p><p> </p><p>The separation of fiscal and monetary policy is a key feature of the UK’s economic policy framework. To use monetary policy tools to meet fiscal objectives, such as financing government borrowing, could conflict with the MPC’s objective of price stability and undermine confidence in the monetary policy framework. Additionally, Government borrowing from the central bank is illegal under Article 123 of the Treaty on the Functioning of the European Union.</p> more like this
answering member printed Lord Deighton more like this
question first answered
less than 2014-09-15T09:46:38.7327802Zmore like thismore than 2014-09-15T09:46:38.7327802Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
3869
label Biography information for Lord Myners more like this
79775
registered interest false more like this
date less than 2014-07-30more like thismore than 2014-07-30
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading VAT more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what are the current regulations with regard to the levying of value added tax on repairs and maintenance of old and listed buildings; and whether there are any plans to review or change such regulations. more like this
tabling member printed
The Earl of Clancarty more like this
uin HL1664 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-08-11more like thismore than 2014-08-11
answer text <p>Section 1 of the Value Added Tax Act 1994 determines that value added tax should be charged on a supply of goods or services. Section 2 of the same Act sets the standard rate at 20%. Repairs and maintenance of all buildings fall into this standard rate.</p><p>The Chancellor keeps all taxes under review.</p> more like this
answering member printed Lord Deighton more like this
question first answered
less than 2014-08-11T11:57:21.1829254Zmore like thismore than 2014-08-11T11:57:21.1829254Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
3391
label Biography information for The Earl of Clancarty more like this
79778
registered interest false more like this
date less than 2014-07-30more like thismore than 2014-07-30
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury remove filter
hansard heading Public Expenditure more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Wigley more like this
uin HL1667 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-08-11more like thismore than 2014-08-11
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> more like this
answering member printed Lord Deighton more like this
question first answered
less than 2014-08-11T12:03:32.1725961Zmore like thismore than 2014-08-11T12:03:32.1725961Z
answering member
4262
label Biography information for Lord Deighton more like this
tabling member
547
label Biography information for Lord Wigley more like this