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999767
registered interest false more like this
date less than 2018-11-01more like thismore than 2018-11-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Credit more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what representations they have made to the Financial Policy Committee of the Bank of England regarding the case for (1) stress testing the capacity for open ended credit funds to withstand a credit shock, and (2) a review of the options available in the event of a significant decline in market liquidity. more like this
tabling member printed
Lord Myners more like this
uin HL11212 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-14more like thismore than 2018-11-14
answer text <p>The Financial Policy Committee (FPC) is an independent body responsible for monitoring and taking action to remove systemic risks to the financial system. The Chancellor sets a remit for the Committee each year related to its objectives. On 29 October the Chancellor set out the latest remit in a letter to the Governor of the Bank of England. Alongside the Prudential Regulation Committee (PRC), the FPC introduced an annual stress test of the largest UK banks and building societies in 2014. The FPC will conduct a comprehensive resilience assessment as part of the 2018 stress test at its meeting on 28 November. The Government supports the use of stress tests as a tool to ensure the ongoing resilience of the financial system.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-11-14T16:51:35.86Zmore like thismore than 2018-11-14T16:51:35.86Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
3869
label Biography information for Lord Myners remove filter
998921
registered interest false more like this
date less than 2018-10-31more like thismore than 2018-10-31
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Department for Work and Pensions: Contracts more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 23 October (HL10674), whether they include in supplier contracts a specific requirement that they do nothing to harm public confidence in the person of the Secretary of State for Work and Pensions; and if so, whether this is a new policy, and when it was introduced. more like this
tabling member printed
Lord Myners more like this
uin HL11170 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>Contractual provisions that impose obligations on suppliers not to harm the reputation of the purchasing authority or otherwise bring it into disrepute are not new policy, such provisions are well-established and widely used in both the public and private sector and are transparent throughout the tendering process. These provisions ensure that contractors adhere to good working practices and governance, for example by ensuring they do not break employment law or use dangerous, unfair or unethical practices which may bring the Authority into disrepute or harm public confidence. Such provisions do not stop any contract holders or affiliates from criticising any specific government department, government policy or politicians.</p> more like this
answering member printed Baroness Buscombe more like this
question first answered
less than 2018-11-12T16:51:13.757Zmore like thismore than 2018-11-12T16:51:13.757Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
3869
label Biography information for Lord Myners remove filter
998475
registered interest false more like this
date less than 2018-10-30more like thismore than 2018-10-30
answering body
Department for Transport more like this
answering dept id 27 more like this
answering dept short name Transport more like this
answering dept sort name Transport more like this
hansard heading Channel Crossing: Shipping more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they have consulted the road logistics and shipping industry on any contingency plans for cross channel shipping in the event of a no-deal Brexit. more like this
tabling member printed
Lord Myners more like this
uin HL11134 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p><strong> </strong></p><p>The Government is discussing a range of contingency planning issues with industry, including the road logistics and shipping sectors.</p> more like this
answering member printed Baroness Sugg more like this
question first answered
less than 2018-11-12T16:37:28.193Zmore like thismore than 2018-11-12T16:37:28.193Z
answering member
4584
label Biography information for Baroness Sugg more like this
tabling member
3869
label Biography information for Lord Myners remove filter
998476
registered interest false more like this
date less than 2018-10-30more like thismore than 2018-10-30
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Companies: Debt more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the impact on financial stability of the growth of leveraged corporate debt with weak lending covenants; what assessment they have made of any parallels with the situation before the global financial crisis; and what steps they intend to take to restrain that growth. more like this
tabling member printed
Lord Myners more like this
uin HL11135 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-08more like thismore than 2018-11-08
answer text <p>The Financial Policy Committee (FPC) of the Bank of England is the body responsible for monitoring systemic risks in the financial sector and, where appropriate, taking action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. The FPC set out its most recent assessment of risks to UK financial stability in the Record of its 3 October meeting, published on 17 October. This included an assessment of the risks from corporate indebtedness and the growth in leveraged lending. The FPC will publish its next assessment of risks to UK financial stability in the Financial Stability Report on 5 December.</p><p> </p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-11-08T16:12:03.847Zmore like thismore than 2018-11-08T16:12:03.847Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
3869
label Biography information for Lord Myners remove filter
998477
registered interest false more like this
date less than 2018-10-30more like thismore than 2018-10-30
answering body
Department for Transport more like this
answering dept id 27 more like this
answering dept short name Transport more like this
answering dept sort name Transport more like this
hansard heading Channel Crossing: Shipping more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the capacity of alternative UK ports to accommodate traffic currently carried through Dover in their contingency plans for cross channel shipping in the event of a no-deal Brexit. more like this
tabling member printed
Lord Myners more like this
uin HL11136 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>The Department is undertaking a range of analysis to understand the transport implications of various scenarios, and to support the Department’s contingency planning.</p> more like this
answering member printed Baroness Sugg more like this
question first answered
less than 2018-11-12T16:38:44.477Zmore like thismore than 2018-11-12T16:38:44.477Z
answering member
4584
label Biography information for Baroness Sugg more like this
tabling member
3869
label Biography information for Lord Myners remove filter
998478
registered interest false more like this
date less than 2018-10-30more like thismore than 2018-10-30
answering body
Department for Transport more like this
answering dept id 27 more like this
answering dept short name Transport more like this
answering dept sort name Transport more like this
hansard heading Channel Crossing: Shipping more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the number of UK lorry drivers available for the onward transport of goods arriving at UK ports in their contingency plans for cross channel shipping in the event of a no-deal Brexit. more like this
tabling member printed
Lord Myners more like this
uin HL11137 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>The availability of UK-based lorry drivers is a relevant consideration when considering any potential switch from accompanied to unaccompanied freight, and the Government is taking this into account in its planning work.</p> more like this
answering member printed Baroness Sugg more like this
question first answered
less than 2018-11-12T16:45:03.303Zmore like thismore than 2018-11-12T16:45:03.303Z
answering member
4584
label Biography information for Baroness Sugg more like this
tabling member
3869
label Biography information for Lord Myners remove filter
997089
registered interest false more like this
date less than 2018-10-29more like thismore than 2018-10-29
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Government Departments: Procurement more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they intend to commission a review into the benefit of adopting the recommendations on government procurement made in The Efficiency Review by Sir Philip Green, published in 2010. more like this
tabling member printed
Lord Myners more like this
uin HL11093 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-06more like thismore than 2018-11-06
answer text <p>We have implemented the key recommendations on public sector procurement made by the Efficiency Review in 2010. There are no current plans to review these recommendations.</p><p> </p><p>However, best practice guidance for public sector procurement is regularly published as procurement policy notes on GOV.UK at the following link:</p><p> </p><p><a href="https://www.gov.uk/government/collections/procurement-policy-notes" target="_blank">https://www.gov.uk/government/collections/procurement-policy-notes</a></p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2018-11-06T17:04:55.213Zmore like thismore than 2018-11-06T17:04:55.213Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
3869
label Biography information for Lord Myners remove filter
994357
registered interest false more like this
date less than 2018-10-24more like thismore than 2018-10-24
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they (1) were consulted by, or (2) have engaged with, SoftBank on the sale by that company of the intellectual property of Arm Holdings to a Chinese subsidiary of SoftBank; and what assessment they have made of the consistency of that sale with their position that "Britain is open for business". more like this
tabling member printed
Lord Myners more like this
uin HL11001 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-01more like thismore than 2018-11-01
answer text <p>The UK is open for business - it is our ambition that the country remains one of the most attractive destinations in the world for inwards investment.</p><p> </p><p>The Government was not consulted by the Softbank group, however as part of our regular engagement with ARM, the Government was aware of the proposal for its Chinese subsidiary to enter into a joint venture.</p><p> </p><p>Sale of the subsidiary did not breach undertakings given at the time of Softbank’s acquisition of ARM.</p> more like this
answering member printed Lord Henley more like this
question first answered
less than 2018-11-01T17:01:33.363Zmore like thismore than 2018-11-01T17:01:33.363Z
answering member
2616
label Biography information for Lord Henley more like this
tabling member
3869
label Biography information for Lord Myners remove filter
988475
registered interest false more like this
date less than 2018-10-15more like thismore than 2018-10-15
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Universal Credit more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether any contracts drawn up by the Department for Work and Pensions for suppliers working on Universal Credit include a clause requiring the supplier to do nothing that will attract adverse publicity to the Secretary of State or harm public confidence in her. more like this
tabling member printed
Lord Myners more like this
uin HL10674 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-24more like thismore than 2018-10-24
answer text <p>In contracts used across government, including at the Department for Work and Pensions and its Universal Credit programme, there are clauses that vary in different forms, typically these clauses require the supplier to ensure that neither it, nor any of its Affiliates, bring the Authority into disrepute by engaging in any act or omission which is reasonably likely to diminish the trust that the public places in the Authority, regardless of whether or not such act or omission is related to the Supplier’s obligations under said Agreement.</p><p> </p><p>These clauses do not prevent the contracting bodies from making statements critical of government policy, or programmes such as Universal Credit or politicians, and certainly do not prevent whistle-blowing (as this would be unlawful). They are designed to protect government, to ensure that contractors adhere to good working practices and do not engage in activities that will bring the Authority into disrepute or otherwise harm the confidence of the public in Government.</p>
answering member printed Baroness Buscombe more like this
question first answered
less than 2018-10-24T11:19:06.753Zmore like thismore than 2018-10-24T11:19:06.753Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
3869
label Biography information for Lord Myners remove filter
984293
registered interest false more like this
date less than 2018-10-09more like thismore than 2018-10-09
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: Regulation more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the (1) data, and (2) powers available to regulators to manage the systemic risk linked to the non-bank lending, or "shadow banking" sector. more like this
tabling member printed
Lord Myners more like this
uin HL10501 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-23more like thismore than 2018-10-23
answer text <p>The Financial Policy Committee (FPC) of the Bank of England is the body responsible for monitoring systemic risks in the financial sector including risk outside the core banking sector, such as non-bank lending.</p><p> </p><p>The FPC performs an annual review of risk and regulation beyond the core banking sector. Following on from this assessment the FPC decides on whether to make a recommendation to the Treasury to grant the FPC an expansion of its regulatory perimeter or additional tools. However, the FPC is not limited to making requests at this time, it can make a recommendation as soon as it identifies a need. The last review was in November 2017 where they decided no such recommendations were needed. The next review will be in their next meeting which is currently scheduled for November 2018. The FPC’s recent assessment (October 2018) on the systemic risks posed by non-bank lending has highlighted the growth in leveraged lending as a concern and the Committee will review the issue again in its next meeting in November.</p>
answering member printed Lord Bates more like this
question first answered
less than 2018-10-23T10:54:30Zmore like thismore than 2018-10-23T10:54:30Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
3869
label Biography information for Lord Myners remove filter