Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

1367364

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of whether the assets of the Exchange Equalisation Account are in excess of what is required after the issue of IMF Special Drawing Rights in 2021.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72365
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The reserves have a clearly defined function as set out in the Exchange Equalisation Account (EEA) Act 1979. The purpose of the reserves includes managing undue fluctuations in the exchange rate, providing foreign exchange services for government departments and to meet the UK’s financial commitment to the IMF. The reserves are available to be able to meet any potential calls as set out in the legislation and are held on a precautionary basis in the event of any unexpected shocks.</p><p> </p><p>The government considers the current size of the reserves to be appropriate for meeting the above objectives.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:27:01 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1367366

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, in the context of the termination of the 12 year programme to increase assets in the Exchange Equalisation Account, whether the financing provided via the National Loans Fund increased Net Public Sector Debt in the year funds were transferred.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72366
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The additional financing programme of the Official Reserves, which ended in 2019-20, increased both the government’s liquid assets and its liabilities from gilt issuance equally at the point of issuance. Therefore, it had no net impact on public sector net debt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:30:18 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1367372

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of a transfer of excess reserves from the Exchange Equalisation Account to the National Loans Fund on public sector debt.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72367
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The Government considers the current size of the reserves to be appropriate for meeting the objectives outlined in the Exchange Equalisation Account (EEA) Act 1979. Therefore, there has been no assessment made of the potential effect of a transfer of so-called excess reserves from the EEA to the National Loans Fund on public sector debt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:28:51 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1127514

registered interest
date	20/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the UK’s official reserves are of (a) gold, (b) foreign currency and (c) other assets as at 31 March 2019.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	256257
answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>As at end March 2019, the market value of the UK’s official reserves was $169.5 billion. This comprised of (a) $12.9 billion gold, (b) $129.5 billion foreign currency reserves and (c) $27.1 billion other assets.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:50:43 answering member 4051 label Biography information for John Glen
tabling member	4109 label Biography information for Jeremy Lefroy

1055904

registered interest
date	06/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 February 2019 to Question 215206 on Gold and Foreign Exchange Reserves, if he will list the (a) 70 countries who are gold customers of the Bank of England and (b) total value of the gold deposited in those countries' accounts.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	217614
answer	answer is ministerial correction date of answer 11/02/2019 answer text <p>Holding gold on behalf of any customer is a matter for the Bank of England. The Bank of England does not share information on which customers it holds gold reserves on behalf of, or the value of that gold, as this would contradict their customer confidentiality obligations. However, the Bank of England does publish the weight of all the gold it has in its custody. As of 31 October 2018, it held a total of 163,769,000 fine troy ounces of gold.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/02/2019 15:16:48 answering member 4051 label Biography information for John Glen
tabling member	4397 label Biography information for Peter Dowd

1052342

registered interest
date	31/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many countries have gold reserves deposited in the Bank of England.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	215206
answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>In a Quarterly Bulletin article in 2014 Q2, the Bank of England noted that it had 72 overseas customers with gold accounts. That number does not change significantly over time and the Bank of England has 70 countries as gold customers today.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 05/02/2019 10:40:41 answering member 4320 label Biography information for Robert Jenrick
tabling member	4397 label Biography information for Peter Dowd

1012162

registered interest
date	21/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of (1) the benefits to the UK of holding gold reserves for other central banks, and (2) the value of gold held by the Bank of England for other central banks.
tabling member printed	Viscount Waverley
uin	HL11689
answer	answer is ministerial correction date of answer 05/12/2018 answer text <p>HM Treasury is unable to substantiate whether the Bank of England holds gold for other central banks as that is a matter for the Bank of England. HM Treasury has not made an assessment of the benefits to the UK of the Bank of England holding gold reserves for other central banks. Holding gold reserves on behalf of any foreign central bank is a matter for the Bank of England. The Bank of England does not share information on which central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations.</p> answering member printed Lord Bates question first answered 05/12/2018 16:48:15 answering member 1091 label Biography information for Lord Bates
tabling member	1744 label Biography information for Viscount Waverley

1012163

registered interest
date	21/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they have a role in deciding for which foreign governments and central banks the Bank of England should hold gold reserves; and if so, for which foreign governments and central banks the Bank of England holds gold reserves, and in what quantities.
tabling member printed	Viscount Waverley
uin	HL11690
answer	answer is ministerial correction date of answer 05/12/2018 answer text <p>HM Treasury does not have a role in deciding whether the Bank of England holds gold for foreign governments and central banks. HM Treasury is unable to substantiate whether the Bank of England holds gold for particular foreign governments and central banks as that is a matter for the Bank of England. The Bank of England does not share information on which foreign governments and central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations.</p> answering member printed Lord Bates question first answered 05/12/2018 16:55:10 answering member 1091 label Biography information for Lord Bates
tabling member	1744 label Biography information for Viscount Waverley

942622

registered interest
date	16/07/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, what the gold reserves of the Bank of England were on 30 June (a) 1998, (b) 2008 and (c) 2018.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	164422
answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>The Bank of England does not own any gold reserves of its own, except for two bars held for display at the Bank of England Museum. However, the Bank provides safe custody for the UK's gold reserves and for other customers. It has only started recently publishing the weight of all the gold in its custody on its website, which includes data back to 2011. On 30 June 2018, it held 166,516,000 fine troy ounces of gold. There is no equivalent data available for 1998 and 2008.</p> answering member constituency Aylesbury answering member printed Mr David Lidington question first answered 15/05/2019 17:33:50 answering member 15 label Biography information for Sir David Lidington
tabling member	4109 label Biography information for Jeremy Lefroy

834800

registered interest
date	01/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the value of the UK's foreign exchange reserves was in (a) 2013, (b) 2014, (c) 2015, (d) 2016 and (e) 2017.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	126222
answer	answer is ministerial correction date of answer 06/02/2018 answer text <p>The UK’s official reserves consist of foreign exchange reserves, gold and IMF special drawing rights. The value of these at the end of (a) 2013, (b) 2014, (c) 2015, (d), 2016, and (e) 2017 were as follows: -</p><p> </p><table><tbody><tr><td><p>End of Year</p></td><td><p>UK Official Reserves</p></td><td><p>Of which, UK Foreign Exchange Reserves</p></td></tr><tr><td><p>(a) 2013</p></td><td><p>$108.8bn</p></td><td><p>$66.2bn</p></td></tr><tr><td><p>(b) 2014</p></td><td><p>$109.1bn</p></td><td><p>$72.1bn</p></td></tr><tr><td><p>(c) 2015</p></td><td><p>$130.5bn</p></td><td><p>$95.3bn</p></td></tr><tr><td><p>(d) 2016</p></td><td><p>$136.6bn</p></td><td><p>$100.6bn</p></td></tr><tr><td><p>(e) 2017</p></td><td><p>$158.6bn</p></td><td><p>$114.4bn</p></td></tr></tbody></table><p> </p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 06/02/2018 15:11:52 answering member 4051 label Biography information for John Glen
tabling member	4397 label Biography information for Peter Dowd