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1012161
star this property registered interest false more like this
star this property date less than 2018-11-21more like thismore than 2018-11-21
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Gold and Foreign Exchange Reserves: Venezuela 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 remove filter
star this property 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 the central bank of Venezuela, and (2) the value of gold held by the Bank of England for the central bank of Venezuela; and whether they have a role in intervening if a request is made to repatriate any such gold. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL11688 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-12-05more like thismore than 2018-12-05
star this property answer text <p>HM Treasury is unable to substantiate whether the Bank of England holds gold for the Central Bank of Venezuela 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> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-05T16:54:39.383Zmore like thismore than 2018-12-05T16:54:39.383Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
1012162
star this property registered interest false more like this
star this property date less than 2018-11-21more like thismore than 2018-11-21
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Gold and Foreign Exchange Reserves 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 remove filter
star this property 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. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL11689 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-12-05more like thismore than 2018-12-05
star this property 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> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-05T16:48:15.057Zmore like thismore than 2018-12-05T16:48:15.057Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
1012163
star this property registered interest false more like this
star this property date less than 2018-11-21more like thismore than 2018-11-21
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Gold and Foreign Exchange Reserves 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 remove filter
star this property 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. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL11690 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-12-05more like thismore than 2018-12-05
star this property 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> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-05T16:55:10.373Zmore like thismore than 2018-12-05T16:55:10.373Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
1012545
star this property registered interest false more like this
star this property date less than 2018-11-22more like thismore than 2018-11-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Gold and Foreign Exchange Reserves: Venezuela 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 remove filter
star this property question text To ask Her Majesty's Government whether they will consider a moratorium on any repatriation of gold held by the Bank of England to the government or Central Bank of Venezuela until such time as they are satisfied that any repatriation meets the best interests of the people of that country. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL11737 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-12-06more like thismore than 2018-12-06
star this property answer text <p>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. Repatriation of any gold held at the Bank of England is ultimately a matter for the Bank of England. HM Treasury only has direct control over Government holdings of gold within its official reserves, which are held at the Bank of England.</p><p>The UK fully implements UN, EU and UK domestic sanctions law. The EU sanctions regime on Venezuela, introduced in November 2017, includes targeted asset freezes applied to a number of senior Government officials in the Maduro regime.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-06T17:43:17.017Zmore like thismore than 2018-12-06T17:43:17.017Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
511850
star this property registered interest false more like this
star this property date less than 2016-04-13more like thismore than 2016-04-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Bank 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 remove filter
star this property question text To ask Her Majesty’s Government whether, in the event of the UK leaving the EU, the UK would have to leave the EU electronic banking system, the Single Euro Payments Area, by which funds can be transferred across the EU. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL7610 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-04-27more like thismore than 2016-04-27
star this property answer text <p>The paper ‘The process for withdrawing from the European Union’ set out that a vote to leave the EU would be the start, not the end, of a process. It could lead to up to a decade or more of uncertainty. One consideration for the UK Government would be how to avoid regulatory gaps in the UK’s domestic legislative framework once the EU Treaties ceased to apply. This would involve questions over how existing EU law could or should be adopted into domestic law.</p><p> </p><p>At the February European Council, the Government negotiated a new settlement, giving the United Kingdom a special status in a reformed European Union. The Government's view is that the UK will be stronger, safer and better off in a reformed EU.</p><p> </p><p>In April 2016, HM Treasury published analysis that shows that if the UK leaves the EU, the UK would be permanently poorer. The analysis estimates an annual loss of 6.2% of GDP after 15 years, which is equivalent to £4,300 per UK household. The negative impact to GDP would result in weaker tax receipts, which would be £36 billion a year lower. This is more than a third of the NHS England budget and the equivalent of 8p on the basic rate of income tax.</p><p> </p><p>These estimates are based on a central scenario: leaving the EU to negotiate a bilateral trade agreement with Europe, along the lines of that which took Canada seven years to negotiate.</p><p> </p><p>Through a range of realistic assumptions, many of them cautious, the HM Treasury analysis produces objective and robust estimates, which are within the range of external studies.</p><p> </p><p>A full assessment of the short-term implications of leaving the EU will be published in a further government document.</p>
star this property answering member printed Lord O'Neill of Gatley more like this
star this property question first answered
less than 2016-04-27T16:11:39.78Zmore like thismore than 2016-04-27T16:11:39.78Z
unstar this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
512790
star this property registered interest false more like this
star this property date less than 2016-04-14more like thismore than 2016-04-14
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Taxation: British Nationals Abroad 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 remove filter
star this property question text To ask Her Majesty’s Government, in the event of the UK leaving the EU, how they intend to change the status of domicile, if at all, in relation to UK citizens living in EU member states. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL7679 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-04-28more like thismore than 2016-04-28
star this property answer text <p>Domicile in the UK is an English common law concept which is distinct from citizenship and nationality. It is not dependent on EU law nor on the UK’s membership of the EU.</p> more like this
star this property answering member printed Lord O'Neill of Gatley more like this
star this property grouped question UIN HL7680 more like this
star this property question first answered
less than 2016-04-28T14:22:07.313Zmore like thismore than 2016-04-28T14:22:07.313Z
unstar this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
512791
star this property registered interest false more like this
star this property date less than 2016-04-14more like thismore than 2016-04-14
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Taxation: British Nationals Abroad 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 remove filter
star this property question text To ask Her Majesty’s Government whether, in the event of the UK leaving the EU, UK citizens living in EU member states would continue to be treated as all other UK citizens in the event of their death, in particular regarding their domicile status and death duties on their estates. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL7680 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-04-28more like thismore than 2016-04-28
star this property answer text <p>Domicile in the UK is an English common law concept which is distinct from citizenship and nationality. It is not dependent on EU law nor on the UK’s membership of the EU.</p> more like this
star this property answering member printed Lord O'Neill of Gatley more like this
star this property grouped question UIN HL7679 more like this
star this property question first answered
less than 2016-04-28T14:22:07.36Zmore like thismore than 2016-04-28T14:22:07.36Z
unstar this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
528840
star this property registered interest false more like this
star this property date less than 2016-06-27more like thismore than 2016-06-27
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Asylum 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 remove filter
star this property question text To ask Her Majesty’s Government what measures they and the Bank of England will be taking to protect and promote (1) the City of London, and (2) Edinburgh, as financial centres until negotiations to exit the EU are completed. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL801 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-07-11more like thismore than 2016-07-11
star this property answer text <p>The Chancellor has met with financial institutions this week to discuss the impact of the United Kingdom’s decision to leave the European Union.</p><p> </p><p>Britain’s economy and financial system are fundamentally strong. Action by the government and the Bank of England over the last six years has substantially strengthened the resilience of the financial system, and the authorities have all the necessary tools in place to protect financial stability.</p><p> </p><p>The UK is a leading global financial centre serving not just Britain or Europe, but the entire world. It has natural strengths such as a central time zone and the English language, together with an unrivalled pool of firms and investors, supported by world leading legal and professional services. Major banks from across the globe have bases in the UK, and the UK has the fourth highest share of cross-border banking. It is also fast establishing itself as a global hub for renminbi, rupee, Islamic finance, green finance and FinTech business.</p><p> </p><p>Formal negotiations with the EU will not begin until the UK triggers Article 50. In the meantime, and during the negotiations that will follow, there will be no change to people’s rights to travel and work, and to the way our goods and services are traded, or to the way our economy and financial system is regulated.</p><p> </p><p>The government is committed to deepening relationships with new and established trade partners. Earlier this week the Chancellor laid out plans to build a highly competitive economy by targeting a corporation tax rate of less than 15%, focusing on a new push for investment from China, ensuring support for bank lending, redoubling efforts to invest in the Northern Powerhouse and maintaining the UK’s fiscal credibility.</p><p> </p><p>The government will also maintain an open and constructive dialogue with the UK financial services industry, including through the Financial Services Trade and Investment Board, which is tasked with boosting and promoting the UK’s financial services competitiveness position and supporting jobs. Government and industry collaboration will continue to play a central role in delivering a global, sustainable, innovative and competitive UK financial services industry that continues to go from strength to strength.</p>
star this property answering member printed Lord O'Neill of Gatley more like this
star this property question first answered
less than 2016-07-11T11:40:25.213Zmore like thismore than 2016-07-11T11:40:25.213Z
unstar this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
870281
star this property registered interest false more like this
star this property date less than 2018-03-23more like thismore than 2018-03-23
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Trade Barriers 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 remove filter
star this property question text To ask Her Majesty's Government how they intend to protect the economy from the effects of any trade war, following the UK's withdrawal from the EU. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL6615 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-03-29more like thismore than 2018-03-29
star this property answer text <p>The UK is a global advocate for free trade and continues to work with global partners and as part of multilateral discussions at the WTO to tackle protectionism and protectionist measures.</p><p> </p><p>When the UK leaves the EU, we will play a full part in promoting compliance with the rules-based trading system and, if necessary, make use of the WTO’s dispute resolution procedures in defence of our national interests.</p><p> </p><p>As part of preparations for the UK’s exit from the EU, we are also committed to creating a trade remedies framework which is able to react efficiently and effectively to tackle unfair trade where necessary.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-03-29T14:57:07.113Zmore like thismore than 2018-03-29T14:57:07.113Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter
906033
star this property registered interest false more like this
star this property date less than 2018-05-16more like thismore than 2018-05-16
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Taxation: Domicil 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 remove filter
star this property question text To ask Her Majesty's Government whether they intend to continue to adhere to the OECD residency criteria for tax purposes post-Brexit. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL7957 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-05-24more like thismore than 2018-05-24
star this property answer text <p>The UK will continue to adhere to the OECD’s tax standards after Brexit. These include the provisions relating to residence in the OECD model treaty that the UK uses as the basis for bilateral double taxation agreements.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-05-24T14:08:56.953Zmore like thismore than 2018-05-24T14:08:56.953Z
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley remove filter