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1695976
registered interest false more like this
date less than 2024-03-13more like thismore than 2024-03-13
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 Bank of England more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what, if any, statutory powers they have to issue binding directions to the Bank of England; and on how many occasions in each year since 2007 they have been exercised. more like this
tabling member printed
Lord Sharkey more like this
uin HL3261 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-27more like thismore than 2024-03-27
answer text <p>The Treasury has statutory powers to issue directions to the Bank of England, which can only be used under specific conditions or circumstances. None of the powers outlined below have ever been used.</p><p> </p><ul><li>Under section 4 of the Bank of England Act 1946, the Treasury may direct the Bank, after consultation with the Governor, to action that is deemed to be necessary in the public interest. This power of direction applies to all of the Bank’s activities, with the exception of monetary policy and the exercise of the Bank’s functions as the Prudential Regulation Authority (PRA).</li></ul><p> </p><ul><li>Under section 19 of the Bank of England Act 1998, the Treasury may by order, after consultation with the Governor, direct the Bank with respect to monetary policy if it is deemed to be in the public interest and required by extreme economic circumstances.</li></ul><p> </p><ul><li>Under section 410 of the Financial Services and Markets Act 2000, the Treasury may direct the PRA and the Bank to not take an action that would be incompatible with the UK’s international obligations.</li></ul><p> </p><ul><li>Under Section 61 of the Financial Services Act 2012, the Treasury may direct the Bank on specific measures relating to the assistance to or stabilisation of financial institutions.</li></ul><p> </p><p> </p><p>The Bank of England also has powers to direct the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR).</p><p> </p><ul><li>Under section 9H of the Bank of England Act 1998, the Bank of England’s Financial Policy Committee (FPC) has powers of direction over the PRA and FCA (limited to the use of specific macroprudential tools). To date, the FPC has only ever used this power to implement the Leverage Ratio.</li></ul><p> </p><ul><li>Under sections 9Y and 9Z of the Bank of England Act 1998, the Bank may direct the FCA to provide documents or information that the Bank reasonably requires for its financial stability functions. This power has never been used.</li></ul><p> </p><ul><li>Under section 100 of the Financial Services (Banking Reform) Act 2013, the Bank has the power to direct the PSR not to exercise its powers, under specific circumstances. This power has never been used.</li></ul><p> </p>
answering member printed Baroness Vere of Norbiton more like this
grouped question UIN HL3262 more like this
question first answered
less than 2024-03-27T11:34:54.07Zmore like thismore than 2024-03-27T11:34:54.07Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
4196
label Biography information for Lord Sharkey more like this
1540420
registered interest false more like this
date less than 2022-11-07more like thismore than 2022-11-07
answering body
Department of Health and Social Care more like this
answering dept id 17 more like this
answering dept short name Health and Social Care more like this
answering dept sort name Health and Social Care more like this
hansard heading Gambling: Young People more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government how many young people have been treated in the NHS national children and young person’s pilot gambling clinic in the past year, broken down by (1) age, and (2) the region of the country they live in. more like this
tabling member printed
The Lord Bishop of St Albans more like this
uin HL3261 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-16more like thismore than 2022-11-16
answer text <p>This information is not collected centrally in the format requested.</p> more like this
answering member printed Lord Markham more like this
question first answered
less than 2022-11-16T11:46:42.57Zmore like thismore than 2022-11-16T11:46:42.57Z
answering member
4948
label Biography information for Lord Markham more like this
tabling member
4308
label Biography information for The Lord Bishop of St Albans more like this
1362040
registered interest false more like this
date less than 2021-10-20more like thismore than 2021-10-20
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 Dhofar War: Disclosure of Information more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government when they expect to publish correspondence between Harold Wilson and Edward Heath about the Dhofar war which is due to be released this year. more like this
tabling member printed
Baroness Whitaker more like this
uin HL3261 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-11-01more like thismore than 2021-11-01
answer text <p>The file containing these records was reviewed recently and it was concluded that, owing to their continuing sensitivity, they should remain closed for a further 10 years in accordance with the provisions of the Public Records Act 1958.</p> more like this
answering member printed Lord True more like this
question first answered
less than 2021-11-01T16:43:38.59Zmore like thismore than 2021-11-01T16:43:38.59Z
answering member
4200
label Biography information for Lord True more like this
tabling member
2510
label Biography information for Baroness Whitaker more like this
1189744
registered interest false more like this
date less than 2020-04-21more like thisremove minimum value filter
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 EU Law more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government when they will publish their next report on progress towards removing retained EU law restrictions, as required by Schedule 3 of the European Union (Withdrawal) Act 2018. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL3261 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-04-30more like thismore than 2020-04-30
answer text <p>The sixth European Union (Withdrawal) Act and Common Frameworks statutory report was published on 19 March 2020, covering the reporting period of 26 September 2019 to 25 December 2019. The seventh report, detailing work that has taken place between 26 December 2019 to 25 March 2020, will be published in the coming months.</p><p> </p> more like this
answering member printed Lord True more like this
question first answered
less than 2020-04-30T12:40:09.94Zmore like thismore than 2020-04-30T12:40:09.94Z
answering member
4200
label Biography information for Lord True more like this
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this