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1199288

registered interest
date	02/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether any purchases made by the Bank of England this year under the quantitative easing arrangements have been of gilt-edged securities issued within less than one month of the Bank’s acquisition thereof.
tabling member printed	Lord Myners
uin	HL5050
answer	answer is ministerial correction date of answer 15/06/2020 answer text <p>The Bank of England’s Asset Purchase Facility Fund, its subsidiary used to implement quantitative easing, has purchased gilt-edged securities within one month of their issuance in 2020. This is in line with the Facility’s public operating procedures which require that it does not offer to purchase gilts within one week of their issue by the UK Debt Management Office.</p> answering member printed Lord Agnew of Oulton question first answered 15/06/2020 13:08:41 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1199289

registered interest
date	02/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	H2O Asset Management
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether (1) they, or (2) the Financial Conduct Authority, are investigating the value of H2O Asset Management’s transactions on behalf of (a) regulated investment funds under its management, (b) parties related to H2O Asset Management, and (c) H2O Asset Management affiliated companies and executives.
tabling member printed	Lord Myners
uin	HL5051
answer	answer is ministerial correction date of answer 16/06/2020 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Agnew of Oulton question first answered 16/06/2020 11:12:30 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1199297

registered interest
date	02/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government how much additional funding they have provided to (1) Northern Ireland, (2) Scotland, and (3) Wales, in response to the COVID-19 pandemic; and, in each case, how much that represents per head of population.
tabling member printed	Lord Soley
uin	HL5108
answer	answer is ministerial correction date of answer 15/06/2020 answer text <p>We have so far announced £7.4 billion of additional funding to the devolved administrations to support people, business and public services in Scotland, Wales and Northern Ireland. This means £3.8 billion for the Scottish Government, £2.3 billion for the Welsh Government and £1.3 billion for the Northern Ireland Executive.</p><p> </p><p>This is equivalent to £700 per head of the Scottish population, £730 per head of the Welsh population and £680 per head of the Northern Ireland population. The differences in these per head figures are partly due to the differing extent of devolved responsibilities and partly due to the nation-specific elements of the Barnett formula.</p> answering member printed Lord Agnew of Oulton question first answered 15/06/2020 13:10:41 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	160 label Biography information for Lord Soley

1199332

registered interest
date	02/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what estimate they have made of the impact of a decrease in GDP as a result of the COVID-19 pandemic on (1) legislative, and (2) manifesto, commitments for expenditure as a percentage of GDP.
tabling member printed	Lord Moonie
uin	HL5048
answer	answer is ministerial correction date of answer 12/06/2020 answer text <p>The UK’s fiscal council, the Office of Budget Responsibility, makes forecasts for GDP. They have published a coronavirus reference scenario, which they continue to develop and update, which can be found on the Office for Budget Responsibility’s website. In their public commentary the Office for Budget Responsibility have said that the fiscal and monetary support measures of the UK authorities “help to limit the adverse impact on potential output and thus future GDP once the crisis has passed”.</p><p> </p><p>The government will take stock of the impact of the covid-19 public health and economic emergency on the forecast for the economy and public finances through the Budget process. Further details of spending plans will be set out in due course, including through a Spending Review later this year.</p> answering member printed Lord Agnew of Oulton question first answered 12/06/2020 13:57:37 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	621 label Biography information for Lord Moonie