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381378

	registered interest
	date	16/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Communication
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answers of 4 June 2015 to Questions 192 and 193, whether his Department's director of communications is a Special Adviser or a civil servant.
	tabling member constituency	Sheffield, Heeley
	tabling member printed	Louise Haigh
	uin	2813
	answer	answer is ministerial correction date of answer 14/07/2015 answer text <p>The Chancellor’s Spokesperson and head of the Communications team is a civil servant. The full list of Government Special Advisers will be published in due course.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/07/2015 16:21:11 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4473 label Biography information for Louise Haigh

386899

	registered interest
	date	01/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	European Central Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government how much exposure the European Central Bank has to Greece; and what is the current value of its equity and reserves.
	tabling member printed	Lord Forsyth of Drumlean
	uin	HL1008
	answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>The European Central Bank’s (ECB) exposure to Greece is limited: approximately €27 billion of Greece’s estimated €317 billion debt is owed to the European Central Bank.</p><p> </p><p> </p><p> </p><p>In January 2015, the capital of the ECB coming from the national central banks of all EU Member States (i.e. its equity) amounted to €10.8 billion.</p><p> </p><p> </p><p> </p><p>In May 2015, the ECB’s reserve assets and other foreign currency assets amounted to €68.8 billion Euros.</p><p> </p><p> </p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 15/07/2015 15:16:53 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	1141 label Biography information for Lord Forsyth of Drumlean

386909

	registered interest
	date	01/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Regulation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what the role of the Office for Budget Responsibility is in verifying claims on regulatory savings.
	tabling member printed	Lord Mendelsohn
	uin	HL1018
	answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>The Office for Budget Responsibility has no role in verifying claims on regulatory savings. Under the provisions of the Small Business, Enterprise and Employment Act, the Government will publish a target in respect of the economic impact on business activities of qualifying regulatory provisions which come into force or cease to be in force during the Parliament.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 15/07/2015 15:13:18 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	4286 label Biography information for Lord Mendelsohn

387731

	registered interest
	date	06/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services Compensation Scheme
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will explain why they agreed to a European directive tying the United Kingdom's bank deposit protection scheme to the euro-sterling value which has resulted in a £10,000 reduction in the level of protection for United Kingdom depositors from next year; and what action they intend to take to address this anomaly.
	tabling member printed	Lord Stoddart of Swindon
	uin	HL1108
	answer	answer is ministerial correction date of answer 20/07/2015 answer text <p>The Deposit Guarantee Scheme Directive (DGSD) updates existing EU legislation designed to harmonise the level of deposit protection provided across the European Economic Area (EEA).</p><p> </p><p> </p><p> </p><p>This is necessary to ensure that depositors are entitled to the same level of protection wherever they deposit their money, and that UK firms are not competitively disadvantaged in relation to firms in other EEA jurisdictions.</p><p> </p><p> </p><p> </p><p>As a result of the current strength of the pound in relation to the euro, it has been necessary for the Prudential Regulation Authority to review the sterling coverage limit. However, the Government has taken action to ensure that UK depositors are not exposed to a sudden reduction in the level of protection they receive.</p><p> </p><p>HM Treasury has laid a statutory instrument to ensure that depositors who are currently entitled to £85,000 of protection from the Financial Services Compensation Scheme will continue to be until 31 December 2015.</p><p> </p><p> </p><p> </p><p>This will ensure that there is sufficient time available for depositors to be made aware of the changes, and to take such steps as they feel necessary to manage their financial affairs appropriately in light of this change.</p><p> </p><p> </p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 20/07/2015 16:37:43 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	950 label Biography information for Lord Stoddart of Swindon

387743

	registered interest
	date	06/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Living Wage
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they plan to provide tax incentives to firms and employers paying the living wage to all their workers.
	tabling member printed	Lord Hylton
	uin	HL1120
	answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>The Government wants to move from a low wage, high tax, high welfare society to a higher wage, lower tax, lower welfare society. As the Chancellor announced at the Summer Budget, a new National Living Wage (NLW) will be introduced from April 2016. This will apply to all people over the age of 25, and will directly benefit 2¾ million people.</p><p> </p><p> </p><p> </p><p>At the same time, the government is increasing the employer National Insurance Contributions (NICs) employment allowance from £2000 to £3000. This will reduce the costs of employment for businesses and charities and will mean that a business can employ four people full time on NLW and pay no employer NICs.</p><p> </p><p> </p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 15/07/2015 15:18:04 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	2018 label Biography information for Lord Hylton

387749

	registered interest
	date	06/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Situation: Greece
	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 cost to the public purse resulting from the economic crisis in Greece.
	tabling member printed	The Marquess of Lothian
	uin	HL1126
	answer	answer is ministerial correction date of answer 20/07/2015 answer text <p>The government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout. While Greece remains in the euro, its financial stability is the responsibility of the euro area.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 20/07/2015 16:38:41 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	259 label Biography information for The Marquess of Lothian

387782

	registered interest
	date	06/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Annuities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of recent annuity reforms on (a) the buy-to-let mortgage market and (b) house prices.
	tabling member constituency	South Suffolk
	tabling member printed	James Cartlidge
	uin	5630
	answer	answer is ministerial correction date of answer 14/07/2015 answer text <p>The new pension flexibilities, which took effect on 6 April, allow people to have greater freedom and choice than ever before in how they spend their retirement savings.</p><p> </p><p> </p><p> </p><p>Independent analysis indicates that the majority of pension pots are not large enough to have an impact on either buy to let mortgage approvals, or on house prices.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 14/07/2015 16:17:27 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4519 label Biography information for James Cartlidge

387787

	registered interest
	date	06/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tobacco: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to tackle people who repeatedly sell cigarettes without paying duty.
	tabling member constituency	Huddersfield
	tabling member printed	Mr Barry Sheerman
	uin	5732
	answer	answer is ministerial correction date of answer 14/07/2015 answer text <p>Since 2000, HMRC’s tobacco strategy has reduced the tax gap for cigarettes from 22% in 2000/01 to 10% in 2013/14, and the tax gap for hand-rolling tobacco from 61% to 39%. However, tobacco fraud remains a problem and HMRC works with other enforcement agencies to take action against those who participate in the fraud by smuggling and illegally manufacturing, distributing and selling non-UK duty paid product.</p><p> </p><p> </p><p> </p><p>Sanctions against those selling tobacco without payment of duty include seizure of products, and cash, financial penalties and a maximum penalty of seven year’s imprisonment. On prosecution, HMRC can also apply for withdrawal of alcohol licenses and orders prohibiting the use of premises for the sale of tobacco for a period of up to 6 months. Additionally, as a result of coordinated activity with other enforcement agencies such as Trading Standards, the police and Immigration Enforcement officers, action can be taken on wider tobacco offences, such as under-age sales , and alcohol and vehicle licensing and immigration offences.</p><p> </p><p> </p><p> </p><p>As reflected in the joint HMRC and Border Force refreshed strategy, ‘Tackling illicit tobacco: from leaf to light’, published on 24 March 2015, we need to get tougher on those involved in tobacco fraud through more effective use of sanctions. We have to deter participation and ensure that we come down harder on those who repeatedly offend.</p><p> </p><p> </p><p> </p><p>To this end, the refreshed strategy commits HMRC to working more across government at all points in the supply chain and to maximising the use and impact of all sanctions available. The published strategy also commits HMRC to undertaking an informal consultation in 2015. This will invite views from other departments and enforcement agencies, legitimate business affected by the fraud and public health organisations on how we can increase the effectiveness of existing sanctions and whether we need new sanctions.</p><p> </p><p> </p><p> </p><p>The strategy can be accessed on GOV.UK:</p><p> </p><p><a href="https://www.gov.uk/government/publications/tackling-illicit-tobacco-from-leaf-to-light" target="_blank">https://www.gov.uk/government/publications/tackling-illicit-tobacco-from-leaf-to-light</a></p><p> </p><p> </p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 14/07/2015 13:32:16 answering member 3969 label Biography information for Damian Hinds
	tabling member	411 label Biography information for Mr Barry Sheerman