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823218

registered interest
date	15/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Cards: Surcharges
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what measures they are taking to address concerns highlighted by the Federation of Small Businesses regarding the impact of new rules making it unlawful to levy extra charges on customers who pay with credit or debit cards, on small businesses
tabling member printed	Lord Taylor of Warwick
uin	HL4709
answer	answer is ministerial correction date of answer 29/01/2018 answer text <p>The Government recognises the pressures that small businesses are facing and that the new rules banning surcharging may have an impact on them.</p><p>The Department for Business, Energy and Industrial Strategy has published guidance on the ban, including on how retailers could manage an increase in their costs to accommodate the ban:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664065/payment-surcharges-guidance.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664065/payment-surcharges-guidance.pdf</a></p><p> </p><p>The surcharging ban should help to ensure prices are transparent and consumers will not face a hidden fee just for wanting to pay in a particular way. This should help consumers to pick the most competitive deals.</p> answering member printed Lord Bates question first answered 29/01/2018 12:46:40 answering member 1091 label Biography information for Lord Bates attachment 1 file name payment-surcharges-guidance.pdf title payment surcharges guidance
tabling member	1796 label Biography information for Lord Taylor of Warwick

823221

registered interest
date	15/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what reassurances they can offer UK asset management firms in response to concerns regarding potential changes to delegation rules following Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL4712
answer	answer is ministerial correction date of answer 25/01/2018 answer text <p>The government recognises that the ability to delegate functions on a cross-border basis is vital to the strength of the UK asset management industry and the delivery of the best possible outcomes for investors.</p><p> </p><p>On 6 December 2017, the government published the Investment Management Strategy II, which sets out a long-term approach to ensure that the UK remains a competitive global centre for asset management.</p><p> </p><p>Within this strategy, the government outlined its view that delegation arrangements work well with appropriate oversight and regulatory cooperation. The government also committed to work with other jurisdictions to ensure global regulatory coherence within asset management and to preserve the ability to delegate functions, such as portfolio management, from one jurisdiction to another.</p> answering member printed Lord Bates question first answered 25/01/2018 16:11:27 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

820536

registered interest
date	10/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: UK Trade with EU
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to offer reassurance to financial industries regarding their capability to continue to operate in the EU, in the light of comments by Mr Michel Barnier in December 2017 suggesting that UK financial firms would “lose the financial services passport” following Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL4617
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>What our future relationship with the EU will look like is a matter for negotiations. The Government is confident of negotiating a deep and special economic partnership that includes a good deal for financial services. A relationship that avoids the costly and disruptive fragmentation of financial markets is clearly in the EU's best interests, as well as ours.</p> answering member printed Lord Bates question first answered 22/01/2018 15:42:31 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

818629

registered interest
date	08/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Imports: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to address concerns about disruptions in cash flows if businesses are required to pay VAT upfront on imports following Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL4506
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>The Chancellor is fully aware of the importance of this issue and will consider this as part of any decision making following EU exit, as set out in the Autumn Budget. The government’s aim is to keep tax and duty processes as close as possible to what they are now.</p> answering member printed Lord Bates question first answered 22/01/2018 14:13:40 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

810468

registered interest
date	21/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what measures they are taking to ensure that insurance providers can lawfully operate and fulfil their contractual obligations after Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL4436
answer	answer is ministerial correction date of answer 09/01/2018 answer text <p>The government is working to ensure continuity of cross-border contracts in all financial services sectors, including insurance. Much of the detail of the arrangements remains a matter for the negotiation process.</p><p>However, on 20 December 2017 the government announced that, if necessary, it will bring forward secondary legislation which will enable European Economic Area (EEA) firms and funds operating in the UK to obtain a “temporary permission” to continue their activities in the UK for a limited period after EU withdrawal.</p><p>Alongside the temporary permissions regime, the government will also bring forward secondary legislation, if necessary, to ensure that contractual obligations such as insurance contracts which are not covered by the regime can continue to be met.</p> answering member printed Lord Bates question first answered 09/01/2018 14:38:56 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

810470

registered interest
date	21/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Customs
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what measures they are taking to encourage and facilitate more companies attaining authorised economic operator (AEO) status, as well as to address any concerns that HMRC might not have the capacity to cope with a potential surge of AEO applications following Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL4438
answer	answer is ministerial correction date of answer 09/01/2018 answer text <p>HMRC is encouraging companies to explore how EU Exit may impact their business and consider carefully the suitability of different customs authorisations and simplifications available, including AEO status, as part of their planning against a range of EU Exit scenarios.</p><p> </p><p>HMRC is actively looking at ways to facilitate more companies attaining AEO status and is building into its resource planning potential for increased AEO applications.</p><p> </p><p>In Future Customs Arrangements: A Future Partnership Paper (August 2017) and the Customs Bill White Paper (October 2017), the Government set out two broad approaches to a future customs relationship to the EU. Under one of these approaches, the highly streamlined customs arrangement, the Government would seek mutual recognition of authorised economic operator (AEO) status with the EU.</p> answering member printed Lord Bates question first answered 09/01/2018 14:38:00 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

751159

registered interest
date	12/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Patrol Craft
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what is their assessment of the state of the UK economy and of whether it is growing or shrinking; and in the light of that assessment, whether they intend to continue with Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL756
answer	answer is ministerial correction date of answer 21/07/2017 answer text <p>The fundamentals of the economy remain strong. The UK was the second fastest growing major advanced economy last year and since the start of 2010 the UK has grown by more than Germany and nearly twice as fast as France. The deficit has been cut by three quarters from its pre-crisis peak and the employment rate is the highest on record.</p><p> </p><p>The independent Office for Budget Responsibility provide the government with economic and fiscal forecasts for the UK economy twice a year. In their most recent forecast in March of this year, they forecast that growth would be 2.0% in 2017, 1.6% in 2018 and 1.7% in 2019.</p><p> </p><p>The public wants the Government to provide certainty and stability and get on with the immediate job of securing a new partnership with the EU which guarantees our long term prosperity.</p> answering member printed Lord Bates question first answered 21/07/2017 13:10:11 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

748014

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what measures have they put in place to ensure that investors have confidence in the UK economy.
tabling member printed	Lord Taylor of Warwick
uin	HL468
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The government believes that balancing the public finances is key to ensuring confidence in the UK economy and delivering sustainable growth. The Industrial Strategy will support economic growth by increasing productivity and driving growth across the whole country. The government has announced over £23bn of additional investment in economic infrastructure, research and development, and housing. The government will also cut corporation tax to 17 per cent - the lowest rate in the G20.</p><p> </p> answering member printed Lord Bates question first answered 11/07/2017 15:10:02 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

708729

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Markets
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 impact of a hard Brexit on the integrity of the financial markets and of the ability to protect customers following a change in the regulatory frameworks.
tabling member printed	Lord Taylor of Warwick
uin	HL5860
answer	answer is ministerial correction date of answer 14/03/2017 answer text <p>We are determined to secure the best possible deal for UK goods and services in our negotiations to leave the EU. As we go through the period of negotiations, we want to give certainty and clarity wherever possible and as quickly as possible. The Great Repeal Bill will enable the Government to incorporate existing standards into British law on the day of departure.</p><p> </p> answering member printed Baroness Neville-Rolfe question first answered 14/03/2017 15:40:52 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	1796 label Biography information for Lord Taylor of Warwick

708730

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Greater London
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how they plan to ensure that London remains an important financial centre in the European market.
tabling member printed	Lord Taylor of Warwick
uin	HL5861
answer	answer is ministerial correction date of answer 20/03/2017 answer text <p>We are absolutely clear that the UK maintaining its position as an important financial centre in European markets is in the interest of the UK, the EU and the rest of the world. Currently, 60% of all European capital markets business is conducted through the UK and in 2015 our firms provided more than £1.1 trillion of lending to the EU. In addition to a world-class legal system and expertise in other associated professional services, the UK is home to leading regulators and hosts financial markets of breadth, depth and concentration.</p><p> </p><p>Therefore, an enduring relationship in financial services is in the mutual interest of both the EU and the UK. This is one of the areas where a bold and ambitious agreement will be sought. We want to ensure that British companies have the maximum freedom to trade with and operate within European markets – and to agree mutual arrangements that let European businesses do the same in Britain.</p><p>As we prepare to leave the EU, we are determined to preserve our status as a financial centre and to reach an agreement that will allow the UK to provide the finance that helps the European economy grow and create jobs, just as it does now. Working with industry we will act to maintain and grow the UK’s position as a major European financial centre, but also as a gateway to the rest of the world. London will continue to represent an attractive place to do business, and will continue to be a world-leading, global financial centre.</p> answering member printed Baroness Neville-Rolfe question first answered 20/03/2017 11:45:45 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	1796 label Biography information for Lord Taylor of Warwick