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1144178

registered interest
date	03/09/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Students: Loans
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to refund the £28.5 million of student loan overpayments made since 2009–10; and if so, when.
tabling member printed	Lord Mendelsohn
uin	HL17666
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The government has introduced a system that allows weekly sharing of data between HM Revenue &amp; Customs and the Student Loans Company (SLC) so that loan repayments and the clearing of balances can be updated more accurately. In the past, such data sharing has been on an annual basis, which could mean a delay before the repayment system recognised the loan had been paid in full.</p><p>The SLC allows customers who are within 23 months of repaying their student loan to repay it through direct debit. A letter confirming this is issued to eligible customers, along with their annual statement. Customers who sign up to the scheme then repay the set amount over the agreed time, at the end of which the balance will be cleared and any over-repayment avoided.</p><p>The SLC contacts all customers who, nonetheless, over repay on their student loan debt, to invite them to apply for a refund. This can prove difficult if the borrower has failed to keep their contact details up to date. Once the relevant details have been confirmed, the SLC will issue refunds.</p> answering member printed Baroness Berridge question first answered 09/09/2019 16:49:27 answering member 4218 label Biography information for Baroness Berridge
tabling member	4286 label Biography information for Lord Mendelsohn

1144179

registered interest
date	03/09/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Students: Loans
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many students who have overpaid their student loans since 2009–10 have yet to be refunded.
tabling member printed	Lord Mendelsohn
uin	HL17667
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p><del class="ministerial">It has not proved possible to respond to this question in the time available before Prorogation. Ministers will correspond directly with the Member.</del></p><p><ins class="ministerial"> The information is not held centrally and could only be obtained at disproportionate cost.</ins></p> answering member printed Baroness Berridge question first answered 09/09/2019 16:46:35 question first ministerially corrected 30/09/2019 17:08:22 answering member 4218 label Biography information for Baroness Berridge previous answer version 134450 answering member printed Baroness Berridge answering member 4218 label Biography information for Baroness Berridge
tabling member	4286 label Biography information for Lord Mendelsohn

1144180

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the report by the Bank of England The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom, published on 27 August, which states that Brexit has so far caused UK productivity to fall by between two and five per cent, and business investment to fall by 11 per cent; and what steps they are taking to address declining productivity and business investment.
tabling member printed	Lord Mendelsohn
uin	HL17668
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Productivity growth since the referendum has been 1.3%. The Bank of England analysis suggests slow productivity growth in the UK since the Brexit vote is due to a fall in investment, with a relatively insensitive response in employment.</p><p>We are tackling the UK’s productivity challenge head on to sustainably boost living standards in the long term for everyone. We have invested over half a trillion pounds in capital investment, cut taxes for businesses, improved access to finance, increased the National Productivity Investment Fund to £37bn, committed to reform technical education through T-levels and will be publishing our National Infrastructure Strategy this Autumn which sets out a plan for a step change in infrastructure investment.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:39:59 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn

1144181

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they expect business investment to grow by 2.2 per cent in 2020 as forecast by the Office for Budget Responsibility in its Economic and Fiscal Outlook, published in March; and what forecast they have made of the impact of a no-deal Brexit on UK productivity and business investment growth in each of the next five years.
tabling member printed	Lord Mendelsohn
uin	HL17669
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HM Treasury does not produce economic forecasts. The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances, which include forecasts for productivity and business investment. 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> answering member printed The Earl of Courtown question first answered 09/09/2019 15:39:37 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn

1144182

registered interest
date	03/09/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Manufacturing Industries
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the manufacturing purchasing managers’ index falling to a 7-year low of 47.4; and what assessment they have made of the statement by Capital Economics that the sector is “on track for recession”.
tabling member printed	Lord Mendelsohn
uin	HL17670
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p><del class="ministerial">It has not proved possible to respond to this question in the time available before Prorogation. I will correspond directly with the noble Lord.</del></p><p><ins class="ministerial">The Purchasing Managers Indices (PMIs), are a useful and timely barometer of economic activity but our assessment is that there is a trade-off between speed of publication and data quality. In addition, while the PMIs are mainly focused on changes in objective measures such as sales, evidence suggests they are still affected by business sentiment.</ins></p> answering member printed Lord Duncan of Springbank question first answered 09/09/2019 16:28:51 question first ministerially corrected 02/10/2019 14:16:02 answering member 4686 label Biography information for Lord Duncan of Springbank previous answer version 135217 answering member printed Lord Duncan of Springbank answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	4286 label Biography information for Lord Mendelsohn

1144183

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Lord Mendelsohn
uin	HL17671
answer	answer is ministerial correction date of answer 09/09/2019 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. answering member printed The Earl of Courtown question first answered 09/09/2019 15:37:41 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn