statement<\/a> I made to the House on this matter on 31 October 2016, Official Report, Vol 776. Col; 491-93.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"}
}
, "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"}
, "attachment" : {"_about" : "http://data.parliament.uk/resources/625807/answer/attachment/1", "fileName" : {"_value" : "Attachment to HL2826.pdf"}
, "title" : "Extract from Official Report"}
, "dateOfAnswer" : {"_value" : "2016-11-14", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-11-14T15:58:18.517Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2016-10-31", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Nissan"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they have given Nissan any letter of comfort or undertakings that have not also been given to other businesses in connection with investment in new production capacity in the UK; and if so, what they were and whether they will publish copies of the correspondence.", "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" : "HL2826"}
, {"_about" : "http://data.parliament.uk/resources/622475", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/622475/answer", "answerText" : {"_value" : "
The Government has taken decisive steps to ensure that asset managers pay their fair share of tax. In Summer Budget 2015, the Government closed loopholes to ensure that asset managers pay the right amount of Capital Gains Tax on their carried interest.<\/p>
<\/p>
Legislation in the Finance Act 2016 ensures that this carried interest remains subject to a Capital Gains Tax rate of 28% for higher and additional rate tax payers, despite the cut in the main rate of Capital Gains Tax to 20%.<\/p>
<\/p>
In addition, legislation in the Finance Act 2016 ensures that asset managers engaged in short-term trading activity are subject to income tax on the carried interest they receive, rather than Capital Gains Tax.<\/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" : "2016-11-10", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-11-10T12:24:20.72Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-27", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Private Equity"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they intend to review the tax benefits extended to private equity partners by the application of a special rate to carried interest income.", "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" : "HL2796"}
, {"_about" : "http://data.parliament.uk/resources/605509", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/605509/answer", "answerText" : {"_value" : "
The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances. It publishes regular Forecast Evaluation Reports (FERs) in which it compares its forecasts to subsequent outturns and explains any forecast errors.<\/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" : "2016-10-25", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-10-25T16:17:53.687Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-18", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Economic Situation: Forecasts"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they (1) have confidence in the economic forecasting capability of HM Treasury, (2) have evaluated the performance of HM Treasury forecasters, and (3) have considered the case for outsourcing some or all of HM Treasury's forecasting functions to another organisation.", "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" : "HL2429"}
, {"_about" : "http://data.parliament.uk/resources/603970", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/603970/answer", "answerText" : {"_value" : "
A comprehensive Review of the Monetary Policy Framework was published in 2013. The current remit for the Monetary Policy Committee reflects the assessment set out in the 2013 Review, which includes retaining a flexible inflation targeting framework, with a 2 per cent symmetric inflation target. The remit also states that the MPC may allow inflation to deviate from this target temporarily in order not to cause undesirable volatility in output due to the short-term trade-offs involved.<\/p>
<\/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" : "2016-10-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-10-31T15:30:20.077Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Inflation"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they will explain the basis on which the inflation target for the Bank of England\u2019s Monetary Policy Committee is set; and the circumstances in which that figure would be raised above two per cent.", "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" : "HL2366"}
, {"_about" : "http://data.parliament.uk/resources/603971", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/603971/answer", "answerText" : {"_value" : "
The Government is in close contact with Nissan, as it is with the sector more broadly. It will be a priority of Government negotiations to support all UK based car manufacturers and ensure that their ability to export to and from the EU is not adversely affected by the UK's future relationship with the EU. However, we do not provide a running commentary on our discussions with individual companies.<\/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" : "2016-10-25", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2016-10-25T15:14:58.45Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2016-10-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Motor Vehicles: UK Trade with EU"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they will disclose the proposals made by the Prime Minister to Renault Nissan concerning protecting new investment in Sunderland from the impact of potential EU tariffs; and whether similar protection will be offered to other motor vehicle manufacturers, component suppliers and firms that compete with Renault Nissan for capital, labour and land.", "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" : "HL2367"}
, {"_about" : "http://data.parliament.uk/resources/592909", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/592909/answer", "answerText" : {"_value" : "
The independent Monetary Policy Committee (MPC) is responsible for setting monetary policy to deliver its primary objective of maintaining price stability. As the MPC remit makes clear, ensuring price stability is an essential pre-requisite for economic prosperity. The MPC is accountable to both Parliament and the public, through regular reports and evidence given to the Treasury Committee. The Bank of England has previously produced analysis of the distributional effects of asset purchases on different groups in society. At the August Inflation Report hearing on 7 September the Bank committed to updating this analysis.<\/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" : "2016-10-17", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2016-10-17T14:27:01.8Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-03", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Monetary Policy"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they will review the impact of quantitative easing on investment and on savings to determine whether it is of greater benefit to one or the other.", "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" : "HL2035"}
, {"_about" : "http://data.parliament.uk/resources/592910", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/592910/answer", "answerText" : {"_value" : "
The government takes this issue very seriously.<\/p>
<\/p>
The government will introduce measures to strengthen investor protection when it transposes the Markets in Financial Instruments Directive II (MiFID II).<\/p>
<\/p>
This will include powers for the Financial Conduct Authority (FCA) to prohibit or restrict the marketing, distribution or sale of financial instruments, including relevant binary options where there are significant investor protection concerns.<\/p>
<\/p>
These powers will apply from 3 January 2018.<\/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" : "2016-10-17", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-10-17T12:36:00.057Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-10-03", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services: Marketing"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what plans they have to restrict the advertising and promotion of primary option trading and investment to retail investors in the UK by firms based in Cyprus and Malta.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
}
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], "uin" : "HL2036"}
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