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1504654

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what was the extent of quantitative easing for each quarter since the beginning of 2021.
tabling member printed	Lord Field of Birkenhead
uin	HL2100
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>In 2021, the total gilt purchases of the Asset Purchase Facility (APF), including purchases to redeem maturing assets, was £57.7bn in Q1, £49.7bn in Q2, £44.7bn in Q3 and £37.8bn in Q4 following a decision by the Monetary Policy Committee to increase its Quantitative Easing target stock to £875bn. As of Q1 2022, The Bank of England begun the process of unwinding QE by ceasing to reinvest in maturing assets or purchasing new assets. In March 2022, total size of the APF gilt holdings was £847bn by purchase value, a decrease of £27.9bn from the start of the quarter.</p> answering member printed Viscount Younger of Leckie question first answered 22/09/2022 10:10:51 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	478 label Biography information for Lord Field of Birkenhead

1504661

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay: Inflation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps, if any, they are taking to ensure that wage levels keep pace with inflation.
tabling member printed	Lord Hendy
uin	HL2120
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The government understands that people across the UK are worried about the rising cost of living.</p><p> </p><p>On 8 September, the government announced that the Energy Price Guarantee will supersede the energy price cap, which means that a typical UK household will pay no more than £2500 a year on their energy bill over the next 2 years from 1 October.</p><p> </p><p>To address cost of living in the longer term, it is important that we help people into work, support them to increase their incomes and ensure they keep more of what they earn.</p><p> </p><p>In April, the National Living Wage (NLW) increased by 6.6% to £9.50 an hour for workers aged 23 and over, which is expected to benefit more than 2 million workers. This means an increase of over £1,000 to the annual earnings of a full-time worker on the NLW.</p><p> </p><p>We are also supporting people to improve their earnings prospects and support their success in the labour market. At Spending Review 2021, the government confirmed that it is investing a total of £3.8 billion in skills in England by 2024-25.</p><p> </p><p>More broadly, our economic plan will be pro-growth. As a matter of priority, the Chancellor will set out a package of measures to deliver on the Prime Minister’s commitment to cut taxes and boost growth, laying the groundwork for the change we need in the long term to make our economy stronger.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:44:10 answering member 4726 label Biography information for Baroness Penn
tabling member	4723 label Biography information for Lord Hendy

1504711

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Repayments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the time taken by HM Revenue and Customs to pay tax refunds and the impact on individuals and businesses awaiting those refunds; and if he will make a statement.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	47537
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>Information in the form requested is not readily available and could only be obtained at disproportionate cost.</p><p> </p><p>HMRC performance data is published on a monthly basis here:</p><p><a href="https://www.gov.uk/government/collections/hmrc-monthly-performance-reports" target="_blank">https://www.gov.uk/government/collections/hmrc-monthly-performance-reports</a>.</p><p> </p><p>Quarterly data can be found here: <a href="https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates" target="_blank">https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates</a>.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/09/2022 09:57:44 answering member 3912 label Biography information for Richard Fuller
tabling member	4131 label Biography information for Jim Shannon

1504734

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Rates and Bands
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their estimate of the number of adults (1) in paid work, and (2) not in paid work, who have incomes below the income tax threshold.
tabling member printed	Baroness Lister of Burtersett
uin	HL2134
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>Estimates of the number of adults in paid work and not in paid work who have incomes below the Income Tax Personal Allowance during the 2019-20 tax year, the latest year for which these figures are available, are set out below.</p><p> </p><table><tbody><tr><td><p> </p></td><td><p>Estimated number of adults in 2019-20 (millions)</p></td></tr><tr><td><p>Paid work</p></td><td><p>10.2</p></td></tr><tr><td><p>Not in paid work</p></td><td><p>6.7</p></td></tr><tr><td><p>Total</p></td><td><p>16.9</p></td></tr></tbody></table><p> </p><p>Source: Survey of Personal Incomes, tax year 2019 to 2020</p><p> </p><p> </p><p>The Income Tax Personal Allowance for the 2019-20 tax year is £12,500. The adult population (individuals aged 18 and over) in paid work is based on individuals with employment and/or self-employment income. Other income amounts such as occupational or State pension is not included as paid work but individuals with incomes such as pensions could be in either category. The data underlying the Survey of Personal Incomes is based on a large sample of over 820,000 individuals with incomes reported to HMRC. As is the case with the published Personal Incomes Statistics, these figures are statistical estimates and will be subject to sampling variation.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:11:04 answering member 4726 label Biography information for Baroness Penn
tabling member	4234 label Biography information for Baroness Lister of Burtersett

1504752

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Buses and Large Goods Vehicles: Fuels
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they plan to take, if any, to introduce a fuel duty rebate of 15 pence per litre for road haulage vehicles and coaches.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL2162
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>At Spring Statement 2022, in response to high fuel prices, the Government introduced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.</p><p> </p><p>This represents a tax cut worth around £2.4 billion in 2022-23, benefiting anyone who consumes fuel across the UK – including the road haulage and coach sector.</p><p> </p><p>All taxes remain under review.</p> answering member printed Viscount Younger of Leckie question first answered 22/09/2022 09:50:10 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1504753

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Property Development: Money Laundering
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 effectiveness of anti-money laundering regulations in the domestic and corporate property sector.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL2163
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Money Laundering Regulations 2017 (MLRs) require regulated businesses, including estate and lettings agents, to have robust controls in place to prevent abuse for the purposes of money laundering or terrorist financing. The MLRs are not prescriptive in setting out how firms should carry out customer due diligence. However they do require these firms, which are key facilitators of property transactions, to take a proportionate and risk based approach to checks on all involved parties.</p><p> </p><p>HMRC is the designated AML supervisor for estate and letting agents. HMRC provides guidance to businesses to support compliance and has powers to enforce penalties in response to breaches of the MLRs, including imposing fines.</p><p> </p><p>HM Treasury published a review of the UK’s anti-money laundering/countering-terrorist financing (AML/CTF) regulatory and supervisory regime in June 2022. This review assessed the effectiveness of the MLRs and found that the regulations are comprehensive, robust and allow for firms to take a risk-based approach to target their activity at the areas of highest risk. It also set out plans for future work to strengthen the UK’s AML regime, including a consultation on further reform to the supervisory regime.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:07:19 answering member 4726 label Biography information for Baroness Penn
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1504821

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: British Nationals Abroad
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to help British expatriates whose banking facilities in the UK are being closed as a result of Brexit.
tabling member printed	Lord Black of Brentwood
uin	HL2067
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The provision of banking services, including whether UK firms can service EEA-based customers, is a commercial decision for firms based on a variety of factors, including the local law and regulation of individual countries, an assessment of profitability or other commercial drivers. The Government does not intervene in these commercial decisions.</p><p> </p><p>Nonetheless, the Government expects banks to act lawfully and in accordance with local regulators’ expectations. We also expect that banks work to ensure good outcomes for their customers and provide timely communications to enable them to make appropriate decisions.</p><p> </p><p>UK providers are expected to contact impacted customers if they need to make any changes to their product or the way it is provided. We encourage customers with questions or concerns to speak to their banking service provider.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:41:42 answering member 4726 label Biography information for Baroness Penn
tabling member	4171 label Biography information for Lord Black of Brentwood

1504853

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cycle to Work Scheme
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 merits of reforming the Cycle to Work Scheme to broaden access to (1) those earning at, or near, the National Minimum Wage, and (2) those who are self-employed.
tabling member printed	Lord Oates
uin	HL2143
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Government has committed over £2 billion of investment in cycling and walking during this Parliament to deliver on the commitments made in the ‘Gear Change’ walking and cycling strategy. This set out the Government’s vision for cycling and walking to be the natural first choice for many journeys, with the ambition that half of all short journeys in towns and cities will be walked or cycled by 2030. In line with this vision, the Department for Transport continues to publicise guidance for businesses, large and small, on the different ways they can promote cycling and walking, including the Cycle to Work Scheme.</p><p>It is encouraging that there has been an increased uptake of the Cycle to Work Scheme, particularly amongst key workers, over the last few years. Government officials are currently undertaking a programme of research to better understand the success of the Cycle to Work Scheme, including motivations for employees joining the Scheme. Any changes to the Scheme will be considered following this programme.</p> answering member printed Baroness Penn question first answered 20/09/2022 09:05:32 answering member 4726 label Biography information for Baroness Penn
tabling member	4549 label Biography information for Lord Oates

1504872

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Housing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to remove the VAT on household energy bills.
tabling member printed	Lord Taylor of Warwick
uin	HL2189
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>The Government has announced a new ‘Energy Price Guarantee’ to limit the price suppliers can charge customers for units of gas and electricity. This will save the average household £1,000 a year based on current energy prices from October.</p><p> </p><p>In recognition of the fact that families should not have to bear all of the VAT costs they incur to meet their needs, domestic fuels such as gas, electricity and heating oil are already subject to the reduced rate of VAT at 5 per cent.</p> answering member printed Viscount Younger of Leckie question first answered 22/09/2022 09:49:21 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	1796 label Biography information for Lord Taylor of Warwick

1504873

registered interest
date	05/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Business
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to remove the VAT on business energy bills.
tabling member printed	Lord Taylor of Warwick
uin	HL2190
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>Most businesses that are VAT registered can normally reclaim any VAT incurred on energy, so a VAT cut would not benefit them. If a business is under the VAT registration threshold – the level at which they must register for VAT - they can choose to register for VAT voluntarily which would allow them to reclaim VAT on their supplies of energy, subject to the usual rules.</p><p> </p><p>Any businesses that use fuels for energy below a de minimis level are deemed to be in receipt of ‘domestic supplies’ and can therefore already benefit from the reduced rate of VAT for domestic fuel and power at 5%.</p> answering member printed Viscount Younger of Leckie question first answered 22/09/2022 09:59:44 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	1796 label Biography information for Lord Taylor of Warwick