The term \u201cdeath tax\u201d was used to refer to a levy applied to all estates in order to fund adult social care.<\/p>
The government will set out proposals to reform the social care system in a green paper in due course. However, proposals do not include, and never have included, any kind of death tax.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"} , "dateOfAnswer" : {"_value" : "2017-03-30", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-03-30T10:53:25.85Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-03-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Taxation"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government, further to the statement by the Chancellor of the Exchequer (HC Deb, col 821) where he referred to the \"death tax\", what is the meaning of that term.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL6155"} , {"_about" : "http://data.parliament.uk/resources/711606", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/711606/answer", "answerText" : {"_value" : "
The PM has been clear that now is not the time for another referendum on Scottish independence, following the decisive vote in 2014. The Government is focused on negotiating a good deal for the UK as a whole, a deal which will give firms in London and Edinburgh the maximum freedom to trade with and operate within European markets.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"} , "dateOfAnswer" : {"_value" : "2017-03-29", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-03-29T14:42:06.6Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-03-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Greater London"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what assessment they have made of the extent of future movement of financial service companies from London to Edinburgh, in the event that Scotland leaves the UK but retains passporting rights into the EU.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL6112"} , {"_about" : "http://data.parliament.uk/resources/705817", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/705817/answer", "answerText" : {"_value" : "
The government uses a discount rate to evaluate capital projects known as the Social Time Preference Rate. This rate is used to convert costs and benefits that occur at different points in the future to \u2018present values\u2019 thereby allowing comparison.<\/p>
<\/p>
This rate is currently 3.5% and tapers depending on the life of the appraisal period, as set out below.<\/p>
<\/p>
Period of years<\/p><\/td> | 0\u201330<\/p><\/td> | 31\u201375<\/p><\/td> | 76\u2013125<\/p><\/td> | 126\u2013200<\/p><\/td> | 201\u2013300<\/p><\/td> | 301+<\/p><\/td><\/tr> |
Discount rate<\/p><\/td> | 3.5%<\/p><\/td> | 3.0%<\/p><\/td> | 2.5%<\/p><\/td> | 2.0%<\/p><\/td> | 1.5%<\/p><\/td> | 1.0%<\/p><\/td><\/tr><\/tbody><\/table> <\/p> These rates are set by HM Treasury through the Green Book, which is publically available central government best-practice guidance on appraisal and evaluation. The rate was last changed in 2003.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"} , "dateOfAnswer" : {"_value" : "2017-03-10", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-03-10T11:40:02.04Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-02-27", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Capital Investment"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government (1) what interest rate they use for discounting future income and expenditure when evaluating capital projects; (2) which government department is responsible for determining the rate; (3) what guidelines they use; and (4) when the interest rate was last changed.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL5647"} , {"_about" : "http://data.parliament.uk/resources/694337", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/694337/answer", "answerText" : {"_value" : " The Public Works Loan Board (PWLB) is a statutory body that issues loans to local authorities in England, Scotland and Wales from the National Loans Fund. The PWLB is not required to collect information on the specific reasons that local authorities borrow from it, and so it does not hold information about the amount of lending that has been used for acquisition of commercial real estate.<\/p> Before it can advance a loan to a local authority, the PWLB requires formal assurance from the authority that the loan is within their borrowing powers and the relevant legislation. Local authorities are required to have regard to the Prudential Code when they borrow from the PWLB or from any other lender. The main objective of the Prudential Code is to ensure, within a clear framework, that the capital investment plans of local authorities are affordable, prudent and sustainable. Responsibility for local authority spending and borrowing decisions lies with locally-elected council Members, who are democratically accountable to their electorates.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"} , "dateOfAnswer" : {"_value" : "2017-03-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-03-06T16:11:04.573Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-02-24", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Public Works Loan Board"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government how much has been lent by the Public Works Loan Board (PWLB) to local authorities for the acquisition of commercial real estate for investment purposes, from 2011 to 2016 inclusive; and how the PWLB is monitoring the risk from such investments.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL5611"} , {"_about" : "http://data.parliament.uk/resources/677393", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/677393/answer", "answerText" : {"_value" : " I have nothing to add to the reply of my predecessor Lord O\u2019Neil of Gately on 1 April 2016[1].<\/p> <\/p> |