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100015

	registered interest
	date	20/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Trade with EU
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether, in the light of the risk of the Eurozone returning to recession and the statement by the Chancellor of Exchequer that Britain could not be immune from any such event, they plan to encourage industry and commerce to diversify their markets and reduce their reliance on the European Union market.
	tabling member printed	Lord Stoddart of Swindon
	uin	HL2230
	answer	answer is ministerial correction date of answer 03/11/2014 answer text <p>We have to recognise that the UK is not immune to problems elsewhere in the world. The UK has one of the most open economies in the world through trade and financial channels. In particular, growth in the euro area – our largest trading partner – is weak and we have to expect that to dampen our own recovery.</p><p> </p><p> </p><p> </p><p>Since entering office, this Government has worked consistently towards a rebalancing of the UK economy and growing our trade with all parts of the world, including key emerging markets. Since 2010, for example, UKTI has increased the number of its overseas-based staff working outside the EU from 875 to 1060, reflecting the growing priority being given to non-EU markets; and, excluding aircraft, nearly all of the exports supported by UK Export Finance in recent years have been to markets outside the EU. Ministers continue to take an active role, including through the Chancellor-led annual Economic and Financial Dialogues with India and China, the most recent of which secured £2.4 billion in bilateral investment deals.</p><p> </p> answering member printed Lord Deighton question first answered 03/11/2014 17:17:00 answering member 4262 label Biography information for Lord Deighton
	tabling member	950 label Biography information for Lord Stoddart of Swindon

100042

	registered interest
	date	21/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Budget
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will make representations within the European Union that any spending increases will be met through countervailing spending cuts and not by increasing the financial contributions of member states.
	tabling member printed	Lord Stoddart of Swindon
	uin	HL2248
	answer	answer is ministerial correction date of answer 04/11/2014 answer text <p>The UK has been consistently clear: at a time when governments across the EU are taking difficult decisions to manage their deficits, the European Commission should not be asking Governments across the EU for more money.</p><p> </p><p>The UK strongly believes in limiting the size of the EU budget and will continue to press for necessary restraint and discipline in order to get the best deal for British taxpayers.</p><p> </p> answering member printed Lord Deighton question first answered 04/11/2014 16:56:36 answering member 4262 label Biography information for Lord Deighton
	tabling member	950 label Biography information for Lord Stoddart of Swindon

1002196

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by HMRC Real Time Information record, who earnt below £11,850 were contributing at work to a net pay pension scheme.
	tabling member printed	Baroness Altmann
	uin	HL11217
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> answering member printed Lord Bates grouped question UIN HL11218 question first answered 19/11/2018 16:21:02 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

1002197

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Workplace Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by the HMRC Real Time Information record, are contributing at work to a relief at source pension scheme.
	tabling member printed	Baroness Altmann
	uin	HL11218
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> answering member printed Lord Bates grouped question UIN HL11217 question first answered 19/11/2018 16:21:02 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

1002211

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Finance
	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 European Banking Authority's recent analysis of the strength of UK banks in adverse scenarios.
	tabling member printed	Lord Birt
	uin	HL11232
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Government supports the use of stress tests as a tool to ensure the ongoing resilience of the European Union’s banking sector. Well capitalised banks, under a robust regulatory framework, are better able to lend to the economy, supporting jobs and growth. A full response to the European Banking Authority’s (EBA) report has been published by the Bank of England (BoE). The BoE noted that the results of the latest EBA test confirmed the results of earlier BoE stress tests that the participating UK banks would be resilient to a severe economic and market stress. The BoE will publish the results for its next annual stress tests on 5 December.</p> answering member printed Lord Bates question first answered 19/11/2018 16:22:02 answering member 1091 label Biography information for Lord Bates
	tabling member	2533 label Biography information for Lord Birt

1002244

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much they have loaned to the Republic of Ireland during the past decade; and of those loans, (1) what capital has been repaid, and (2) how much interest has been received.
	tabling member printed	Lord Kilclooney
	uin	HL11265
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>I refer the noble Lord to the most recent statutory report under section 2 of the Loans to Ireland Act 2010, which was laid in Parliament on 15 October 2018. The report shows that the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. Interest payments have been paid twice-yearly since 15 December 2011 and payments received so far total £483,359,983.93. The government expects the loan to be repaid on time and in full.</p><p> </p><p>[1] The statutory report is available here: <a href="https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018" target="_blank">https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018</a></p><p> </p><p> </p> answering member printed Lord Bates question first answered 21/11/2018 15:45:58 answering member 1091 label Biography information for Lord Bates attachment 1 file name Ireland_loan_statutory_report_September_2018_web.pdf title Loans to Ireland
	tabling member	657 label Biography information for Lord Kilclooney

1002260

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets: Burma
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the value of the assets seized in the (1) UK, and (2) rest of the EU from the seven military and security personnel from Burma sanctioned by the EU on 25 June.
	tabling member printed	Baroness Nye
	uin	HL11281
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Her Majesty’s Treasury (HMT) is not responsible for the freezing of assets, neither does it hold them. The Office of Financial Sanctions Implementation (OFSI), which is part of HMT, ensures that financial sanctions are properly understood and implemented in the UK and it is for holders of assets subject to sanctions to ensure that they are frozen under the regulations.</p><p> </p><p>(1) OFSI undertakes an Annual Review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. Details of assets reported to OFSI for the 2018 Review are still being compiled and are not yet available.</p><p> </p><p>(2) HM Treasury does not hold this information.</p> answering member printed Lord Bates question first answered 19/11/2018 16:09:44 answering member 1091 label Biography information for Lord Bates
	tabling member	4180 label Biography information for Baroness Nye

1002275

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Exports
	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 report by the Office for Budget Responsibility, Economic and fiscal outlook, published in October, which anticipates exports falling as a share of the overall economy in the next five years.
	tabling member printed	Lord Taylor of Warwick
	uin	HL11296
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Office for Budget Responsibility is independent of Ministers and any views published are their own.</p><p>Since November 2016, the OBR has not assumed any one particular outcome to EU exit negotiations but has based its forecasts on broad-brush assumptions regarding Brexit that are consistent with a range of possible outcomes, as well as judgements about the economy following the referendum.</p><p>In its October 2018 forecast, the OBR have included a two-year transition period. After this they assume leaving the EU will reduce trade intensity which affects both imports and exports with a broadly offsetting impact on net trade. In its latest forecast, the OBR also revised down its forecast for world trade growth, contributing to a downward revision in UK export market growth in the near term. These factors contribute to the decline in exports as a share of GDP.</p><p>Going forward, the Government will continue to provide support for UK exporters through the Department for International Trade by encouraging more businesses to export, providing information, advice and practical assistance on exporting, connecting UK businesses to overseas buyers, and putting finance at the heart of our offer through UK Export Finance.</p> answering member printed Lord Bates question first answered 19/11/2018 16:40:52 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1002475

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Security Benefits: Children
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what measures they are taking to ensure that potential claimants are aware of the policy to provide Child Tax Credit and Universal Tax Credit to a maximum of two children; and what assessment they have made of the effectiveness of any such awareness-raising measures.
	tabling member printed	The Lord Bishop of Durham
	uin	HL11316
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The policy to provide support for a maximum of two children in Child Tax Credit (CTC) and Universal Credit (UC) was originally announced at Summer Budget 2015 and legislated for in the Welfare Reform Act 2016. The government chose to implement the policy from April 2017 to ensure households were aware of the policy before choosing to have third or subsequent children. HMRC also provided information in leaflets to all claimants renewing their CTC claim since 2016 and a leaflet has also been included in the CTC new claim pack since the policy came into force. Since August 2016 high level messaging about the policy has been available on GOV.UK.</p> answering member printed Lord Bates question first answered 20/11/2018 12:49:03 answering member 1091 label Biography information for Lord Bates
	tabling member	4312 label Biography information for The Lord Bishop of Durham

1002476

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Security Benefits: Children
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to monitor and review the impact of the policy to provide Child Tax Credit and Universal Tax Credit to a maximum of two children on (1) children’s well-being, and (2) on the financial resilience of families affected by that policy.
	tabling member printed	The Lord Bishop of Durham
	uin	HL11317
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The policy to provide Child Tax Credits and Universal Credit for a maximum of two children ensures that those on benefits face the same financial choices around the number of children they can afford as those supporting themselves solely through work.</p><p> </p><p>Work is the best way out of poverty and Universal Credit is supporting people into the labour market so they can get the skills they need to access better opportunities. There are 637,000 fewer children in workless households than in 2010 and unemployment is at a record low.</p><p> </p><p>We are also supporting the finances of low-income families by decreasing the taper rate and increasing work allowances in Universal Credit, so people can earn more without losing their benefits. Our National Living Wage means the lowest paid have seen their wages grow by 8% above inflation between 2015 and 2018.</p> answering member printed Lord Bates question first answered 20/11/2018 12:48:24 answering member 1091 label Biography information for Lord Bates
	tabling member	4312 label Biography information for The Lord Bishop of Durham

1002478

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Higher Education: Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans, if any, they have to provide an estimate of the cumulative financial impact on the higher education sector as a result of the actuarial valuation changes to the (1) Teachers' Pension Scheme, (2) Local Government Pension Scheme, and (3) NHS Pension Scheme.
	tabling member printed	Baroness Garden of Frognal
	uin	HL11319
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The quadrennial valuations of public service pension schemes are ongoing. Precise financial impacts will not be known until the valuations are finalised.</p> answering member printed Lord Bates question first answered 19/11/2018 16:25:21 answering member 1091 label Biography information for Lord Bates
	tabling member	3842 label Biography information for Baroness Garden of Frognal

1002479

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Higher Education: Workplace Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to delay the changes to actuarial valuations for higher education public service pension schemes until the outcomes are known of (1) the Augar Review of post-18 education and funding, and (2) the Office for National Statistics review of the treatment of student loans in the Public Sector Finances.
	tabling member printed	Baroness Garden of Frognal
	uin	HL11320
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The quadrennial valuations of public service pension schemes are ongoing. Changes arising from these valuations are due to take effect in 2019. The process is set down in primary and secondary legislation and we are committed to following it.</p> answering member printed Lord Bates question first answered 20/11/2018 12:48:40 answering member 1091 label Biography information for Lord Bates
	tabling member	3842 label Biography information for Baroness Garden of Frognal

1005589

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tenants: Credit Rating
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that where tenants share the payment of rent, their individual payment histories will be taken into account by (1) credit reference agencies, and (2) credit service providers.
	tabling member printed	Lord Bird
	uin	HL11360
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government believes it is right that a history of paying rent should be recognised in credit and affordability assessments carried out by credit reference agencies and credit service providers.</p><p> </p><p>That’s why, at Autumn Budget 2017, we announced the Rent Recognition Challenge: a £2million competition seeking technology solutions to enable tenants to record and share their rental data.</p><p> </p><p>The credit reference agency Experian recently announced that rental payments will now be reflected in their credit score reports, and has partnered with some of the Challenge’s participants, Credit Ladder and Canopy.</p> answering member printed Lord Bates question first answered 26/11/2018 15:56:53 answering member 1091 label Biography information for Lord Bates
	tabling member	4564 label Biography information for Lord Bird

1005592

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that the application of VAT to e-publications but not to physical publications does not disadvantage, in terms of price, readers who rely on digital content.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11363
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11364 HL11365 HL11366 HL11367 HL11368 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005593

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure the application of VAT to e-publications but not to physical publications does not discriminate against readers from any social backgrounds.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11364
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11363 HL11365 HL11366 HL11367 HL11368 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005594

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that the application of VAT to e-publications but not to physical publications does not have a negative impact on the growth of the UK's digital sector and the use of digital technologies.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11365
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11363 HL11364 HL11366 HL11367 HL11368 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005595

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what was the cost of VAT on digital (1) books, (2) magazines, and (3) newspapers to public institutions in the last (a) year, and (b) five years.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11366
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11363 HL11364 HL11365 HL11367 HL11368 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005596

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much VAT on digital (1) books, (2) magazines, and (3) newspapers was paid by all Government departments in the last (a) year, and (b) five years.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11367
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11363 HL11364 HL11365 HL11366 HL11368 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005597

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electronic Publishing: VAT
	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 potential merits of the removal of VAT on digital (1) books, (2) magazines and (3) newspapers.
	tabling member printed	Baroness Bonham-Carter of Yarnbury
	uin	HL11368
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.</p><p> </p><p>HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.</p><p> </p><p>The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.</p> answering member printed Lord Bates grouped question UIN HL11363 HL11364 HL11365 HL11366 HL11367 question first answered 26/11/2018 15:51:15 answering member 1091 label Biography information for Lord Bates
	tabling member	3699 label Biography information for Baroness Bonham-Carter of Yarnbury

1005626

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	VAT: Electronic Government
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what (1) advice is available, and (2) guidance has been given by HMRC, to VAT-registered businesses on how to implement the changes in VAT reporting obligations that will come into force on 1 April 2019.
	tabling member printed	Lord Marlesford
	uin	HL11397
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>In July, HMRC published a package of resources on GOV.UK, including a VAT Notice providing guidance on the requirements of MTD for VAT. This provides comprehensive advice for businesses and agents. HMRC’s ‘Help and support for Making Tax Digital’ page on GOV.UK brings all of HMRC’s digital support products for MTD together.</p><p>HMRC is also writing to all businesses expected to be mandated, to ensure they are aware of their new obligations.</p> answering member printed Lord Bates question first answered 26/11/2018 16:07:44 answering member 1091 label Biography information for Lord Bates
	tabling member	1854 label Biography information for Lord Marlesford

1005630

	registered interest
	date	12/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Neville-Rolfe on 4 April 2017 (HL6630), what assessment they have made of the ONS release, Business Investment in the UK: April to June 2018 revised results, which showed that business investment fell by 0.2 per cent in the last quarter and by 0.7 percent compared to a year earlier; and, in the light of that release, whether they still expect that by 2021 business investment will (1) grow by 15 per cent, and (2) rise as a share of GDP.
	tabling member printed	Lord Mendelsohn
	uin	HL11401
	answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>We have made no specific assessment of this release.</p><p>In the 2018 Budget, the Government announced measures that are expected to affect business investment. These include the introduction of a permanent structures and buildings allowance and a temporary increase in the annual investment allowance for 2 years. These measures, in conjunction with the reduction in the writing down allowance for the special rate pool of assets are expected to increase the level of business investment by 0.4 per cent by the end of the forecast period.</p><p>In its October 2018 forecast, the independent OBR (Office for Budget Responsibility) expect business investment to increase by 8% between 2016 Q4 and 2021Q1 and for business investment to rise as a share of GDP.</p> answering member printed Lord Bates question first answered 26/11/2018 15:52:40 answering member 1091 label Biography information for Lord Bates
	tabling member	4286 label Biography information for Lord Mendelsohn

100619

	registered interest
	date	23/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, in the light of the latest revised forecast by the International Monetary Fund for the British economy, whether the Chancellor of the Exchequer still has confidence in its forecasting.
	tabling member printed	Lord Blencathra
	uin	HL2350
	answer	answer is ministerial correction date of answer 05/11/2014 answer text <p>Britain’s long term economic plan is working, boosting economic security for Britain’s hardworking people. The economy is growing, the deficit has fallen by a third and there are record levels of people in work. But the job is not done and the biggest risk now to the recovery would be abandoning the plan that is delivering a brighter economic future.</p><p> </p><p>The Government’s strategy is to restore the public finances to a sustainable path and the UK is seen as a relative safe haven, with interest rates remaining historically low helping keep interest payments down for households, businesses and the taxpayer.</p><p>The IMF set out their latest forecasts in the October 2014<em> World Economic Outlook. </em>The publication recognises the Government’s long term economic plan is working, that the UK is growing and leaving the crisis behind. The IMF project the UK economy to be the fastest growing G7 economy in 2014, at 3.2 per cent and 2.7 per cent in 2015. Furthermore, the IMF recognise that fiscal consolidation undertaken during the past few years has built trust among financial investors that current fiscal paths are sustainable.</p> answering member printed Lord Deighton question first answered 05/11/2014 14:02:54 answering member 4262 label Biography information for Lord Deighton
	tabling member	497 label Biography information for Lord Blencathra

1006690

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the total value of unclaimed Premium Bond prizes.
	tabling member printed	Lord Lee of Trafford
	uin	HL11470
	answer	answer is ministerial correction date of answer 27/11/2018 answer text <p>There are currently 337,279 unclaimed Premium Bonds prizes worth £19,553,650.</p><p> </p><p>Premium Bond holders can check if they have any unclaimed prizes on NS&amp;I’s website www.nsandi.com/do-i-have-any-unclaimed-prizes</p> answering member printed Lord Bates question first answered 27/11/2018 15:27:25 answering member 1091 label Biography information for Lord Bates
	tabling member	1132 label Biography information for Lord Lee of Trafford

1006691

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many bond holders own the maximum quantity of Premium Bonds.
	tabling member printed	Lord Lee of Trafford
	uin	HL11471
	answer	answer is ministerial correction date of answer 27/11/2018 answer text <p>As of 8 November 2018, 517,629 customers hold the maximum £50,000 investment in Premium Bonds.</p> answering member printed Lord Bates question first answered 27/11/2018 15:25:15 answering member 1091 label Biography information for Lord Bates
	tabling member	1132 label Biography information for Lord Lee of Trafford

1006692

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the age profile of Premium Bond holders.
	tabling member printed	Lord Lee of Trafford
	uin	HL11472
	answer	answer is ministerial correction date of answer 27/11/2018 answer text <p>Premium Bonds have been on sale since 1956 and for several years customers were not required to provide personal information such as their date of birth. This information is now required from Premium Bonds customers. The age profile of Premium Bond holders where it does hold their date of birth is:</p><p> </p><table><tbody><tr><td><p>Age (years)</p></td><td><p>Customers (number)</p></td><td><p>Customers (%)</p></td></tr><tr><td><p> </p></td><td><p>767,730</p></td><td><p>4%</p></td></tr><tr><td><p>16-24</p></td><td><p>650,048</p></td><td><p>3%</p></td></tr><tr><td><p>25-34</p></td><td><p>1,239,173</p></td><td><p>6%</p></td></tr><tr><td><p>35-44</p></td><td><p>1,642,628</p></td><td><p>8%</p></td></tr><tr><td><p>45-54</p></td><td><p>2,392,024</p></td><td><p>11%</p></td></tr><tr><td><p>55-64</p></td><td><p>2,131,474</p></td><td><p>10%</p></td></tr><tr><td><p>65-74</p></td><td><p>1,879,853</p></td><td><p>9%</p></td></tr><tr><td><p>&gt;74</p></td><td><p>1,492,691</p></td><td><p>7%</p></td></tr><tr><td><p>Unknown</p></td><td><p>8,734,883</p></td><td><p>42%</p></td></tr></tbody></table> answering member printed Lord Bates question first answered 27/11/2018 15:25:02 answering member 1091 label Biography information for Lord Bates
	tabling member	1132 label Biography information for Lord Lee of Trafford