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1144183
star this property registered interest false remove filter
unstar this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Business: Investment more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March. more like this
star this property tabling member printed
Lord Mendelsohn more like this
star this property uin HL17671 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:37:41.75Zmore like thismore than 2019-09-09T15:37:41.75Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
4286
unstar this property label Biography information for Lord Mendelsohn more like this
1149833
star this property registered interest false remove filter
unstar this property date less than 2019-10-15more like thismore than 2019-10-15
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Works Loan Board: Interest Rates more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the interest rate rises announced by the Public Works Loan Board. more like this
star this property tabling member printed
Baroness Scott of Needham Market more like this
star this property uin HL125 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-29more like thismore than 2019-10-29
star this property answer text In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. Local authorities continue to benefit from very favourable interest rates on Public Works Loan Board loans. This increase returned Public Works Loan Board rates to levels that were available in 2018.<p> </p>The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their financial position. more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-29T15:42:34.987Zmore like thismore than 2019-10-29T15:42:34.987Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
2542
unstar this property label Biography information for Baroness Scott of Needham Market more like this
1149735
star this property registered interest false remove filter
unstar this property date less than 2019-10-14more like thismore than 2019-10-14
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading NHS: VAT more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what progress they have made with the review of the application of VAT as applied to the NHS. more like this
star this property tabling member printed
Lord Hunt of Kings Heath more like this
star this property uin HL28 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-28more like thismore than 2019-10-28
star this property answer text At Spring Statement 2019 the Chancellor announced that the Government would carry out a review of VAT in relation to the public sector. The Government will be publishing a policy paper for public consultation in the coming months. The Government welcomes the views of public sector organisations including NHS trusts and organisations on potential changes. more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-28T15:58:15.96Zmore like thismore than 2019-10-28T15:58:15.96Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
2024
unstar this property label Biography information for Lord Hunt of Kings Heath more like this
1147637
star this property registered interest false remove filter
unstar this property date less than 2019-10-01more like thismore than 2019-10-01
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Business more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they will publish the results of Operation Kingfisher before 31 October; and if so, when. more like this
star this property tabling member printed
Lord Jones of Cheltenham more like this
star this property uin HL17963 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-08more like thismore than 2019-10-08
star this property answer text <p>We are continuing to monitor companies and sectors that may be exposed to short-term difficulties as a result of EU exit. This monitoring is market sensitive and confidential.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-08T11:59:57.177Zmore like thismore than 2019-10-08T11:59:57.177Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
248
unstar this property label Biography information for Lord Jones of Cheltenham more like this
1146934
star this property registered interest false remove filter
unstar this property date less than 2019-09-30more like thismore than 2019-09-30
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Personation: Credit Rating more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the impact on victims of identity fraud in particular any adverse credit rating changes and the subsequent impact of such changes on mortgage payments and relationships with credit companies. more like this
star this property tabling member printed
Lord Hunt of Kings Heath more like this
star this property uin HL17908 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-08more like thismore than 2019-10-08
star this property answer text <p>Under the Fraud Act 2006, it is a crime to dishonestly make a false representation to make a gain, to cause loss to another or expose another to risk of loss. The Government takes fraud extremely seriously and recognises the devastating impacts that fraud can have on individuals and businesses.</p><p> </p><p>Decisions concerning how lenders assess mortgage applications, including how information from Credit Reference Agencies (CRAs) is used, are commercial decisions for banks and building societies.</p><p> </p><p>It is worth being aware that CRAs do not hold blacklists and do not tell a lender whether it should offer credit. Instead lenders use information from CRAs to come to their own commercial judgement. This means that while one lender may be unwilling to provide a mortgage due to a borrower’s credit history, that is not necessarily the case for other lenders.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-08T12:03:45.437Zmore like thismore than 2019-10-08T12:03:45.437Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
2024
unstar this property label Biography information for Lord Hunt of Kings Heath more like this
1144187
star this property registered interest false remove filter
unstar this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have to increase minimum capital requirements for fund managers managing Undertakings for the Collective Investment in Transferable Securities funds and other open-ended funds. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL17675 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The FCA Handbook outlines the rules on the capital requirements for UCITS management firms, which are derived from the EU UCITS Directive. These requirements can be found in Chapter 11 of the Interim Prudential Sourcebook for Investment Business. If there was to be any policy decision by the FCA to change these rules in the future, that would be subject to the FCA’s relevant governance process, including a public consultation.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:41:08.013Zmore like thismore than 2019-09-09T15:41:08.013Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1156589
star this property registered interest false remove filter
unstar this property date less than 2019-10-28more like thismore than 2019-10-28
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Situation: Forecasts more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government when they intend to publish their next economic forecasts in accordance with the Industry Act 1975. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL469 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-11-04more like thismore than 2019-11-04
star this property answer text <p>The schedule pertaining to economic forecasting in the Industry Act 1975 has been repealed in consequence of the provisions in the Budget Responsibility and National Audit Act 2011.</p><p> </p><p>The Budget Responsibility and National Audit Act 2011 established the creation of the independent Office for Budget Responsibility. This legislation outlines that it is the duty of the Office to produce, on at least two occasions for each financial year, a fiscal and economic forecast. As a result, the government’s medium-term economic and fiscal forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty.</p><p> </p><p>The Office for Budget Responsibility will produce a new economic and fiscal forecast to accompany the next fiscal event.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-11-04T13:59:51.227Zmore like thismore than 2019-11-04T13:59:51.227Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1146948
star this property registered interest false remove filter
unstar this property date less than 2019-09-30more like thismore than 2019-09-30
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Foster Care: Taxation more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the impact on foster carers of their plans to extend the new IR35 rules to the private sector from April 2020. more like this
star this property tabling member printed
Baroness Kramer more like this
star this property uin HL17922 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-08more like thismore than 2019-10-08
star this property answer text <p>The reforms to how the off-payroll working rules are administered have already been in place in the public sector, including local authorities, since 2017. In the first 12 months, these reforms brought in an additional £550 million in Income Tax and NICs, which otherwise would have gone unpaid. Independent research into the public sector reforms found that most public bodies did not experience any change in their ability to fill vacancies, or the rates they pay following the reforms.</p><p> </p><p>Following consultation, the Government announced at Budget 2018 that it will extend this reform to all medium and large organisations. On 11 July 2019 HMRC published a Tax Information and Impact Note setting out the impact on individuals, households and families of the reform in the private sector.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-08T12:12:21.493Zmore like thismore than 2019-10-08T12:12:21.493Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
1557
unstar this property label Biography information for Baroness Kramer more like this
1149847
star this property registered interest false remove filter
unstar this property date less than 2019-10-15more like thismore than 2019-10-15
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Finance more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the prediction by the Institute for Fiscal Studies that a no-deal Brexit would increase borrowing to £92 billion a year and total debt as a share of national income would rise by 2024 to 83 per cent. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL139 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-22more like thismore than 2019-10-22
star this property answer text <p>The government’s medium-term economic and fiscal forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy. The OBR has said that it will adjust its Brexit assumptions when more detail is available on the future trade and migration relationship between the UK and EU.</p><p> </p><p>The Office for Budget Responsibility will produce a new economic and fiscal forecast at the forthcoming Budget.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-10-22T15:14:02.323Zmore like thismore than 2019-10-22T15:14:02.323Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1156326
star this property registered interest false remove filter
unstar this property date less than 2019-10-24more like thismore than 2019-10-24
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Regulation more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they will (1) establish an independent review into the Financial Conduct Authority's supervision of Woodford Investment Management and Link Financial Solutions, and (2) review the protections in place for investors in open-ended funds in circumstances similar to those managed by Woodford. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL410 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-11-04more like thismore than 2019-11-04
star this property answer text <p>The government takes the suspension and winding up of the Woodford Equity Income Fund (WEIF) very seriously and is monitoring the response. The Financial Conduct Authority (FCA) is continuing its investigation into the activities that led to the suspension of the WEIF. At this stage, the government has not seen evidence that would justify establishing an independent review into the FCA’s supervision of the fund.</p><p> </p><p>As part of its investigation, the FCA is considering what FCA rule changes may be necessary to protect investors and to prevent similar issues in future. The FCA is also working with the Bank of England’s Financial Policy Committee to assess how funds’ redemption terms might be better aligned with the liquidity of their assets. Once the FCA publishes its findings, we will be able to assess whether there is any further role for the government.</p><p> </p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-11-04T13:59:30.95Zmore like thismore than 2019-11-04T13:59:30.95Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown remove filter
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this