75+<\/p><\/td> | 131<\/p><\/td> | 143<\/p><\/td> | 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16778"}
, {"_value" : "HL16779"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.643Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Personal Income: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what are the number and percentage of pensioners with annual incomes above £50,000, broken down by age, in each of the last three years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL16863"}
, {"_about" : "http://data.parliament.uk/resources/1136430", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1136430/answer", "answerText" : {"_value" : " In November 2018 the Government published a detailed set of economic analyses on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances.<\/p> <\/p> <\/p> This government has a strong track record of delivering and protecting jobs. There are 3.7 million more people in work compared to 2010, and the proportion of low paid jobs is at its lowest level for at least 20 years.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-16", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-16T15:14:29.11Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Employment"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what assessment they have made of the impact of leaving the EU on 31 October on employment levels.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3691", "label" : {"_value" : "Biography information for Lord Roberts of Llandudno"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Roberts of Llandudno"}
], "uin" : "HL16880"}
, {"_about" : "http://data.parliament.uk/resources/1136436", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1136436/answer", "answerText" : {"_value" : " On 2nd<\/sup> July, the Government launched its Green Finance Strategy with the ambition to align private sector financial flows with clean, environmentally sustainable and resilient growth, and strengthen the competitiveness of our financial sector. The strategy outlines how we will drive the greening of the financial system and help mobilise private sector finance to meet our environmental objectives, including through infrastructure projects in the UK and overseas. We have also worked with the City of London to launch the Green Finance Institute on 2nd<\/sup> July.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-09T16:22:07.617Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what steps they are taking to invest in infrastructure projects in the UK financial services industry to help address climate change.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL16886"}
, {"_about" : "http://data.parliament.uk/resources/1135685", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135685/answer", "answerText" : {"_value" : "For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC\u2019s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.<\/p> <\/p> i)<\/p> Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:<\/p> <\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | 40%<\/p><\/td> | 537<\/p><\/td> | 514<\/p><\/td> | 508<\/p><\/td><\/tr> | 45%<\/p><\/td> | 34<\/p><\/td> | 35<\/p><\/td> | 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> i)<\/p> Estimates of the number of pensioners who had an annual income above £50,000 as:<\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | Male<\/p><\/td> | 311<\/p><\/td> | 342<\/p><\/td> | 361<\/p><\/td><\/tr> | Female<\/p><\/td> | 107<\/p><\/td> | 110<\/p><\/td> | 113<\/p><\/td><\/tr> | Total<\/p><\/td> | 418<\/p><\/td> | 451<\/p><\/td> | 474<\/p><\/td><\/tr><\/tbody><\/table> <\/p> ii)<\/p> Of these pensioners with income above £50,000, the age ranges are:<\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | 60-64<\/p><\/td> | 9<\/p><\/td> | 5<\/p><\/td> | <\/p><\/td><\/tr> | 65-69<\/p><\/td> | 170<\/p><\/td> | 171<\/p><\/td> | 170<\/p><\/td><\/tr> | 70-74<\/p><\/td> | 108<\/p><\/td> | 131<\/p><\/td> | 145<\/p><\/td><\/tr> | 75+<\/p><\/td> | 131<\/p><\/td> | 143<\/p><\/td> | 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16779"}
, {"_value" : "HL16863"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.563Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Income Tax: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what percentage of pensioners paid tax at (1) the 40 per cent, and (2) the 45 per cent, rate in each of the last three years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL16778"}
, {"_about" : "http://data.parliament.uk/resources/1135686", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135686/answer", "answerText" : {"_value" : " For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC\u2019s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.<\/p> <\/p> i)<\/p> Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:<\/p> <\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | 40%<\/p><\/td> | 537<\/p><\/td> | 514<\/p><\/td> | 508<\/p><\/td><\/tr> | 45%<\/p><\/td> | 34<\/p><\/td> | 35<\/p><\/td> | 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> i)<\/p> Estimates of the number of pensioners who had an annual income above £50,000 as:<\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | Male<\/p><\/td> | 311<\/p><\/td> | 342<\/p><\/td> | 361<\/p><\/td><\/tr> | Female<\/p><\/td> | 107<\/p><\/td> | 110<\/p><\/td> | 113<\/p><\/td><\/tr> | Total<\/p><\/td> | 418<\/p><\/td> | 451<\/p><\/td> | 474<\/p><\/td><\/tr><\/tbody><\/table> <\/p> ii)<\/p> Of these pensioners with income above £50,000, the age ranges are:<\/p> Numbers: thousands<\/p> <\/p><\/td> | 2016-17<\/p><\/td> | 2017-18<\/p><\/td> | 2018-19<\/p><\/td><\/tr> | 60-64<\/p><\/td> | 9<\/p><\/td> | 5<\/p><\/td> | <\/p><\/td><\/tr> | 65-69<\/p><\/td> | 170<\/p><\/td> | 171<\/p><\/td> | 170<\/p><\/td><\/tr> | 70-74<\/p><\/td> | 108<\/p><\/td> | 131<\/p><\/td> | 145<\/p><\/td><\/tr> | 75+<\/p><\/td> | 131<\/p><\/td> | 143<\/p><\/td> | 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16778"}
, {"_value" : "HL16863"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.613Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Personal Income: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what is (1) the total number, and (2) the percentage, of pensioners who had an annual income above £50,000 in each of the last three years; and whether they have a gender breakdown for those data.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL16779"}
, {"_about" : "http://data.parliament.uk/resources/1135700", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135700/answer", "answerText" : {"_value" : " The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships through the tax system, and support those on low incomes by helping them keep more of the money they earn. There were 1.78m claimants for the Marriage Allowance in 2018-19.<\/p> <\/p> The Government has taken significant steps to encourage people to claim for the Marriage Allowance. HM Revenue and Customs ran a series of both free and paid-for marketing campaigns, which ran between October 2015 and March 2017, and continue to raise awareness through ongoing communication on social media and on GOV.UK. Marriage Allowance can be claimed through the Personal Tax Account on GOV.UK or by phone to HMRC. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T14:37:52.733Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Married People: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government how many people claimed the Marriage Allowance in the 2018\u201319 financial year; and what steps they are taking to increase the uptake of that allowance.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4184", "label" : {"_value" : "Biography information for Baroness Eaton"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Eaton"}
], "uin" : "HL16793"}
, {"_about" : "http://data.parliament.uk/resources/1135701", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135701/answer", "answerText" : {"_value" : " The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships in the tax system, and support those on low incomes by helping them keep more of the money they earn.<\/p> <\/p> The Marriage Allowance is effective as it gives extra financial support to those couples eligible for it. In 2018/19, 1.78m couples benefitted from the Marriage Allowance which is worth up to £250 a year. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.<\/p> <\/p> As with all aspects of Government policy, the Marriage Allowance will be kept under review and any decisions on future changes will be taken as part of the annual Budget process in the context of the wider public finances.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T14:38:24.653Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Married People: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what assessment they have made of the effectiveness of the Marriage Allowance; and what plans they have to review that allowance.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4184", "label" : {"_value" : "Biography information for Baroness Eaton"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Eaton"}
], "uin" : "HL16794"}
, {"_about" : "http://data.parliament.uk/resources/1135702", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135702/answer", "answerText" : {"_value" : "The Government\u2019s response of 24 June to the Northern Ireland Affairs Committee report (into Government support for UK victims of IRA attacks that used Qadhafi-supplied Semtex and weapons) set out the information the Government had obtained about tax receipts on frozen Libyan assets held in UK banks. The response states: \u201cAround £17 million has been received in total since the start of the 2016-17 tax year. HMRC currently receives around £5 million each year.\u201d"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T14:36:41.99Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Freezing of Assets: Libya"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government how much revenue has been raised from frozen Libyan assets in London in each of the last five years for which figures are available.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4216", "label" : {"_value" : "Biography information for Lord Empey"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Empey"}
], "uin" : "HL16795"}
, {"_about" : "http://data.parliament.uk/resources/1135748", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135748/answer", "answerText" : {"_value" : " The Government does not comment on details of the proposed business models of individual companies. However, this proposal raises wider questions for policy and financial regulation. The Government is working with the Bank of England, the Financial Conduct Authority and international counterparts to consider these issues.<\/p> <\/p> More broadly, the Government established the Cryptoassets Taskforce \u2013 comprised of HM Treasury, the Financial Conduct Authority and the Bank of England - to explore the risks and potential benefits of cryptoassets and consider the appropriate response. The Taskforce\u2019s response set out commitments to further consider the regulatory approach to cryptoassets. The Government will consult on its approach to unregulated cryptoassets later this year.<\/p> <\/p> The Taskforce\u2019s final report, found that cryptoassets do not currently pose a material threat to UK or global financial stability, however this could change in the future, and the Bank of England\u2019s Financial Policy Committee will continue to monitor the situation.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T14:04:14.17Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Facebook: Cryptocurrencies"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what assessment they have made of the implications of Facebook\u2019s proposed Libra cryptocurrency on the management of monetary and financial stability mechanisms and policies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
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, {"_about" : "http://data.parliament.uk/resources/1135749", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135749/answer", "answerText" : {"_value" : " There is no requirement for asset management firms to discuss their specific investment strategies with either HM Treasury or the FCA.<\/p> <\/p> The overarching regulatory framework for UK UCITS funds comprises EU and UK legislation and Financial Conduct Authority (FCA) rules.<\/p> <\/p> The FCA is responsible for the supervision of UK funds including UCITS, and have a broad suite of supervisory and investigative powers. For example, the FCA is required to approve the investment objective and policy of UK domiciled funds, as well as statements in the prospectus about the application of investment limits, and firms are required to treat customers fairly.<\/p> <\/p> In circumstances where a UCITS fund is domiciled outside of the UK, the supervision of its compliance with applicable UCITS investment restrictions is a matter for the home state regulator.<\/p> <\/p> If individuals have concerns about their investments, they should speak to their advisor or platform. If individuals have purchased units in a fund directly, they should speak with the relevant firm.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "HL16843"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
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, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "H2O Asset Management"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government whether they intend to conduct, or commission, an investigation into the management of investment portfolios by H2O Asset Management with particular reference to (1) the valuation of unlisted investments, and (2) the accuracy and completeness of statements by that firm\u2019s management of the \"gating\" of future redemptions.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
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