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845456

registered interest
date	20/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Capital Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether assessments produced by HM Treasury economists concur with the Bank of England’s assessment of the impact of Brexit on capital investment.
tabling member printed	Lord Myners
uin	HL5656
answer	answer is ministerial correction date of answer 06/03/2018 answer text <p>Before the referendum on the UK’s membership of the EU, the UK government published short-term and long-term assessments of the likely impact on the economy of the UK leaving the EU, which noted that heightened uncertainty would affect capital investment. The Bank of England published analysis on this issue as part of its February 2018 Inflation Report.</p><p> </p><p>Business investment grew by 2.2% in 2017 and the OBR expect growth to remain over 2% per annum on average over the next five years.</p><p> </p> answering member printed Lord Bates question first answered 06/03/2018 13:16:04 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

808760

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Interest Rates
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 case for publishing dot plots to enhance understanding of Bank of England interest rate expectations.
tabling member printed	Lord Myners
uin	HL4284
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Monetary Policy Committee has full operational independence in setting monetary policy, including the communication of its policy stance.</p><p> </p><p>In 2013 the UK government undertook a comprehensive review of the monetary policy framework, and concluded that a flexible inflation targeting framework with an operationally independent central bank was the best approach, based on international best practice and historical experience.</p> answering member printed Lord Bates question first answered 21/12/2017 14:00:56 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

808761

registered interest
date	18/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Help to Buy Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to review the extent to which profits and director bonuses at house builders Persimmon and Berkeley benefited from the Help to Buy equity loan scheme in 2015; and whether they have considered introducing a windfall profits tax on those benefits.
tabling member printed	Lord Myners
uin	HL4285
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The government has announced that the Help to Buy equity loan scheme will continue until March 2021 with an additional £10 billion of funding available. Help to Buy equity loan is intended to help people who otherwise would not be able to afford a deposit to buy a home. It is restricted to new-build properties to ensure that it also helps to drive up the number of homes being built. The programme has played an important role in supporting home ownership and house building since 2013.</p> answering member printed Lord Bates question first answered 21/12/2017 13:59:56 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

800458

registered interest
date	04/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Help to Buy Scheme: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to consider introducing a windfall tax on profits resulting from their Help to Buy Scheme.
tabling member printed	Lord Myners
uin	HL3845
answer	answer is ministerial correction date of answer 18/12/2017 answer text <p>The government has announced that the Help to Buy equity loan scheme will continue until March 2021 with an additional £10 billion of funding available. Help to Buy equity loan is intended to help people who otherwise would not be able to afford a deposit to buy a home. It is restricted to new-build properties to ensure that it also helps to drive up the number of homes being built. The programme has played an important role in supporting the housing market since 2013 and the number of homes being built has reached its highest level since 2008.</p><p> </p><p>All UK housebuilders will be liable to tax on their profits in the same way as other firms.</p> answering member printed Lord Bates question first answered 18/12/2017 16:11:27 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

775958

registered interest
date	23/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	EU Budget: Contributions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what estimate they have made of the financial commitments the UK has made to the EU during the period of our membership.
tabling member printed	Lord Myners
uin	HL2366
answer	answer is ministerial correction date of answer 06/11/2017 answer text <p>Details of the United Kingdom’s contributions to the EU since accession can be found in the House of Commons report titled ‘The UK’s contribution to the EU budget’.</p><p>The UK does not make ‘financial commitments to the EU’, but instead makes annual contributions towards the EU budget. The EU makes financial commitments each year which are financed through that budget. Details of EU financial commitments can be found in annual budgets published online, or the EU’s consolidated annual accounts.</p> answering member printed Lord Bates question first answered 06/11/2017 15:27:59 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

775961

registered interest
date	23/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Money Laundering
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether (1) the Chancellor of the Exchequer, or (2) HM Treasury, has, in the last three months, directed or advised the Financial Conduct Authority to investigate any specific companies, trusts or individuals in connection with possible money laundering.
tabling member printed	Lord Myners
uin	HL2369
answer	answer is ministerial correction date of answer 06/11/2017 answer text <p>The Chancellor of the Exchequer and HM Treasury pass information on specific allegations to the Financial Conduct Authority (FCA) as appropriate. The Treasury sets the legal framework for the regulation of financial services. However, the FCA is operationally independent and HM Treasury has no power to direct the FCA, in relation to any individual cases.</p><p> </p> answering member printed Lord Bates question first answered 06/11/2017 14:47:36 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

773570

registered interest
date	19/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Brexit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government (1) what calculations they have made to substantiate the view, expressed by the Secretary of State for International Trade on BBC News on 17 October, that a negotiated Brexit deal would allow for slightly more economic growth than departure from the EU without such a deal, and (2) as a result of such calculations, what assessment they have made of the growth differential between a negotiated Brexit and leaving the EU without such a deal.
tabling member printed	Lord Myners
uin	HL2285
answer	answer is ministerial correction date of answer 01/11/2017 answer text <p>The Government has undertaken a significant amount of work to assess the economic impacts of leaving the EU. This is part of our continued programme of rigorous and extensive analytical work on a range of scenarios on a sector by sector basis.</p><p> </p><p>It would not be appropriate to publish analysis that would risk damaging our negotiating position. In any negotiation, information on potential economic considerations is very important to the negotiating capital and negotiating position of all parties. The Government has committed to keep Parliament informed provided that doing so would not risk damaging our negotiating position.</p> answering member printed Lord Bates question first answered 01/11/2017 12:51:28 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

773573

registered interest
date	19/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what was the cost to the taxpayer of repatriating the UK customers of Monarch Airlines.
tabling member printed	Lord Myners
uin	HL2288
answer	answer is ministerial correction date of answer 01/11/2017 answer text <p>The costs of repatriating Monarch’s ATOL protected customers will be met by the ATOL scheme. The costs of repatriating all other passengers will be met by Her Majesty’s Government.</p><p> </p><p>The Civil Aviation Authority has estimated the total repatriation costs to be approximately £60m, although some of these costs will be met by the ATOL scheme. Government is also seeking to recover costs through credit card companies and travel providers who would otherwise be liable. HM Treasury has not made its own assessment of the costs and do not produce forecasts of future tax payments by specific taxpayers.</p> answering member printed Lord Bates grouped question UIN HL2222 HL2223 question first answered 01/11/2017 12:49:21 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

773021

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monarch Airlines: Insolvency
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 amount of tax income and public revenue that will be foregone as a result of the failure of Monarch Airlines.
tabling member printed	Lord Myners
uin	HL2222
answer	answer is ministerial correction date of answer 01/11/2017 answer text <p>The costs of repatriating Monarch’s ATOL protected customers will be met by the ATOL scheme. The costs of repatriating all other passengers will be met by Her Majesty’s Government.</p><p> </p><p>The Civil Aviation Authority has estimated the total repatriation costs to be approximately £60m, although some of these costs will be met by the ATOL scheme. Government is also seeking to recover costs through credit card companies and travel providers who would otherwise be liable. HM Treasury has not made its own assessment of the costs and do not produce forecasts of future tax payments by specific taxpayers.</p> answering member printed Lord Bates grouped question UIN HL2223 HL2288 question first answered 01/11/2017 12:49:21 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

773022

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the costs of repatriating customers of Monarch Airlines to the UK will be met, in any part, by HM Treasury; and if so, what assessment they have made of such costs.
tabling member printed	Lord Myners
uin	HL2223
answer	answer is ministerial correction date of answer 01/11/2017 answer text <p>The costs of repatriating Monarch’s ATOL protected customers will be met by the ATOL scheme. The costs of repatriating all other passengers will be met by Her Majesty’s Government.</p><p> </p><p>The Civil Aviation Authority has estimated the total repatriation costs to be approximately £60m, although some of these costs will be met by the ATOL scheme. Government is also seeking to recover costs through credit card companies and travel providers who would otherwise be liable. HM Treasury has not made its own assessment of the costs and do not produce forecasts of future tax payments by specific taxpayers.</p> answering member printed Lord Bates grouped question UIN HL2222 HL2288 question first answered 01/11/2017 12:49:21 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners