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1388889

registered interest
date	16/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Misrepresentation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what independent information resource is available to consumers to check that representative APRs are fairly stated; and what action the Financial Conduct Authority advises customers to take where they are concerned they have been mis-sold under a representative APR that was not fairly stated.
tabling member printed	Lord McNicol of West Kilbride
uin	HL5051
answer	answer is ministerial correction date of answer 22/12/2021 answer text <p>Firms are required by FCA rules to include a representative APR in certain circumstances. The FCA’s handbook provides further rules and guidance on when a representative APR must be shown, how it should be denoted and the level of prominence it must be given.</p><p> </p><p>If an advertisement includes an interest rate or any amount relating to the cost of credit, it must also include a representative example. This must contain certain standard information including a representative APR. The example must be clear and concise and must be no less prominent than the information that triggered the inclusion of the example.</p><p> </p><p>If a customer is concerned that they have been mis-sold a credit agreement, the customer can make a formal complaint to the firm in question in the first instance. If they feel that their complaint has not been dealt with satisfactorily, they are able to refer the matter to the Financial Ombudsman Service (FOS) – an independent body set up to provide arbitration in such cases.</p> answering member printed Lord Agnew of Oulton question first answered 22/12/2021 11:31:04 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4702 label Biography information for Lord McNicol of West Kilbride

1388890

registered interest
date	16/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Misrepresentation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many skilled persons reports under the Financial Services and Markets Act 2000 section 166 the Financial Conduct Authority has commissioned where the issue of representative APR has been the matter concerned, in each of the last six years.
tabling member printed	Lord McNicol of West Kilbride
uin	HL5052
answer	answer is ministerial correction date of answer 22/12/2021 answer text <p>This question has been passed on to the Financial Conduct Authority (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 grouped question UIN HL5053 HL5054 question first answered 22/12/2021 11:23:17 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4702 label Biography information for Lord McNicol of West Kilbride

1388891

registered interest
date	16/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government why the Financial Conduct Authority has decided not to make independent periodic checks on the compliance of Financial Conduct Authority regulations by authorised firms, particularly the accuracy of key consumer protection information such as representative APR.
tabling member printed	Lord McNicol of West Kilbride
uin	HL5053
answer	answer is ministerial correction date of answer 22/12/2021 answer text <p>This question has been passed on to the Financial Conduct Authority (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 grouped question UIN HL5052 HL5054 question first answered 22/12/2021 11:23:17 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4702 label Biography information for Lord McNicol of West Kilbride

1388892

registered interest
date	16/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Misrepresentation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many times the Financial Conduct Authority (FCA) has requested a firm to outline how it calculates its APR in the last six years, other than at the point granting authorisation; in any cases of representative APR breaches discovered, how many times the FCA has required changes to the firm’s website and product literature; and how many firms have been referred to the enforcement department for resolution.
tabling member printed	Lord McNicol of West Kilbride
uin	HL5054
answer	answer is ministerial correction date of answer 22/12/2021 answer text <p>This question has been passed on to the Financial Conduct Authority (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 grouped question UIN HL5052 HL5053 question first answered 22/12/2021 11:23:17 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4702 label Biography information for Lord McNicol of West Kilbride

1388389

registered interest
date	15/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus Job Retention Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to reintroduce a limited version of the furlough scheme to (1) vulnerable households, and (2) small businesses.
tabling member printed	Lord Taylor of Warwick
uin	HL5033
answer	answer is ministerial correction date of answer 22/12/2021 answer text <p>The Government recognises that the impact of the Omicron variant means some businesses are likely to struggle over the coming weeks. In response, we have announced £1 billion of new grant support for hospitality, leisure and cultural sectors to protect jobs and businesses through this period of uncertainty. We are bolstering our package of existing support with:</p><ul><li>New one-off cash grants of up to £6,000 to support eligible businesses in the hospitality and leisure sectors, totalling nearly £700 million.</li><li>Over £100m of new discretionary funding to local authorities to support other impacted businesses, particularly those in the supply chain. This is on top of the circa £250 million that Local Authorities already have available to distribute at their discretion.</li><li>£30 million will be made available through the Culture Recovery Fund, to support theatres, museums and other vital cultural institutions through the temporary disruption this winter.</li><li>The reintroduction of the Statutory Sick Pay Rebate Scheme (SSPRS) to help small and medium-sized employers cover the cost of Covid-related sick absences, covering up to two weeks per employee.</li><li>HMRC also stand ready to support any business affected by the coronavirus pandemic through its Time to Pay arrangement. As part of this, businesses in the hospitality and leisure sectors in particular will be offered the option of a short delay, and payment in instalments, on a case by case basis.</li></ul><p> </p><p>This additional funding is on top of the generous and wide-ranging support package already in place, which the Chancellor announced at the Spring and Autumn Budgets. Small and medium-sized businesses can access Government-guaranteed finance through the extended Recovery Loans scheme until next June. Businesses will also be protected from eviction if they are behind on rent on their premises, thanks to the moratorium in place until March 2022.</p><p> </p><p>In addition, business rates relief for eligible retail, hospitality, and leisure businesses in England is available until March 2022. Hospitality and tourism businesses will continue to benefit from a VAT reduction, paying only 12.5 per cent until March 2022.</p><p> </p><p>To support vulnerable households, the Government continues to provide funding to enable local authorities to offer practical and financial support to those who are eligible and require assistance to self-isolate. This includes a £500 Test and Trace Self-Isolation payment available to people on low incomes who are required to self-isolate by NHS Test and Trace, cannot work from home, and in turn will lose income as a result of self-isolation. In March 2021, the Government increased funding to local authorities for the discretionary scheme to £20 million a month to enable local authorities to widen eligibility criteria and support more people to isolate. The scheme is in place until March 2022.</p><p> </p>As we have done throughout the pandemic, we are closely monitoring the impact of COVID-19 on the economy. We will continue to respond appropriately and proportionately to the changing path of the virus. answering member printed Lord Agnew of Oulton question first answered 22/12/2021 11:16:52 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1388393

registered interest
date	15/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Import Duties
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the remarks by Lord Grimstone of Boscobel on 14 December (HL Deb, col 130), what was the total amount in import tariffs collected in (1) financial year 2020–21, and (2) each of the preceding four years.
tabling member printed	Lord Borwick
uin	HL4995
answer	answer is ministerial correction date of answer 21/12/2021 answer text <p>In the financial year 2020-21, HMRC received £2,962 million in Customs Duty receipts.</p><p> </p><p>In the preceding four years, HMRC received the following yearly amounts for Customs Duty:</p><table><tbody><tr><td><p>2016-2017</p></td><td><p>£3,359 million</p></td></tr><tr><td><p>2017-2018</p></td><td><p>£3,412 million</p></td></tr><tr><td><p>2018-2019</p></td><td><p>£3,356 million</p></td></tr><tr><td><p>2019-2020</p></td><td><p>£3,287 million</p></td></tr></tbody></table> answering member printed Lord Agnew of Oulton question first answered 21/12/2021 14:30:44 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4281 label Biography information for Lord Borwick

1387954

registered interest
date	14/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Music Venues: Business Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to provide 100 per cent business rate relief to the end of 2022/23 for all music venues, given the COVID-19 Plan B restrictions.
tabling member printed	The Earl of Clancarty
uin	HL4945
answer	answer is ministerial correction date of answer 20/12/2021 answer text <p>Our support for the music industry through the £2 billion Culture Recovery Fund throughout the pandemic has been unwavering.</p><p> </p><p>The Government has provided unprecedented business rates support, worth £16 billion, for the retail, hospitality, and leisure sectors since the start of the pandemic. Eligible retail, hospitality, and leisure properties paid no business rates for 15 months from 1 April 2020, and thanks to the current 66 per cent capped relief which took effect on 1 July 2021, over 90 per cent of eligible businesses will see a 75 per cent reduction in their business rates bill across this entire financial year to April 2022.</p><p> </p><p>In recognition of longer-term challenges facing the high street, eligible retail, hospitality, and leisure businesses will receive a new temporary relief worth almost £1.7 billion in the year 2022-23.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL4963 question first answered 20/12/2021 18:10:46 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3391 label Biography information for The Earl of Clancarty

1387955

registered interest
date	14/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Culture: Tickets
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they will (1) cancel, or (2) delay, the planned VAT rise on culture tickets, given the COVID-19 Plan B restrictions.
tabling member printed	The Earl of Clancarty
uin	HL4946
answer	answer is ministerial correction date of answer 20/12/2021 answer text The temporary reduced rate of VAT was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors. As announced at Spring Budget 2021, the Government extended the 5 per cent temporary reduced rate of VAT for the tourism and hospitality sectors until the end of September. On 1 October 2021, a new reduced rate of 12.5 per cent was introduced for these goods and services to help ease affected businesses back to the standard rate. This new rate will end on 31 March 2022.<p> </p><p>All taxes are kept under review, but there are no plans to extend the 12.5 per cent reduced rate of VAT. This relief has cost over £8 billion. Applying a reduced rate of VAT for a longer period would impose additional pressure on the public finances, to which VAT makes a significant contribution.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL4964 question first answered 20/12/2021 18:08:57 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3391 label Biography information for The Earl of Clancarty

1387974

registered interest
date	14/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Carbon Emissions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to implement net-zero carbon emissions transition plans on a mandatory basis to avoid (1) regulatory uncertainty, and (2) delays, in transitioning London to a net-zero financial centre, as part of the Greening Finance: A Roadmap to Sustainable Investing, published in October.
tabling member printed	Lord Oates
uin	HL4971
answer	answer is ministerial correction date of answer 20/12/2021 answer text <p>At COP26 Finance Day the Chancellor announced that the UK will move towards making transition plans mandatory. Initially, asset managers, regulated asset owners and listed companies will need to publish a transition plan or provide an explanation if they have not done so.</p><p> </p><p>Recognising that there is not yet an agreed standard for transition plans, the Chancellor also announced that the Government will set up a Transition Plan Taskforce. This will bring together the best of British industry and academia with regulators and the third sector to develop recommendations on transition plan disclosures in the UK.</p><p> </p><p>As standards for transition plans emerge, the Government and regulators will take steps to incorporate these into the UK’s Sustainability Disclosure Requirements and strengthen requirements to encourage consistency in published plans and increased adoption by 2023.</p> answering member printed Lord Agnew of Oulton question first answered 20/12/2021 18:07:06 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4549 label Biography information for Lord Oates

1387987

registered interest
date	14/12/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Music Venues: Business Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, following the introduction of Plan B COVID-19 restrictions, what plans they have, if any, to provide 100 percent Business Rate Relief to the end of 2022/23 for all music venues.
tabling member printed	Lord Jones of Cheltenham
uin	HL4963
answer	answer is ministerial correction date of answer 20/12/2021 answer text <p>Our support for the music industry through the £2 billion Culture Recovery Fund throughout the pandemic has been unwavering.</p><p> </p><p>The Government has provided unprecedented business rates support, worth £16 billion, for the retail, hospitality, and leisure sectors since the start of the pandemic. Eligible retail, hospitality, and leisure properties paid no business rates for 15 months from 1 April 2020, and thanks to the current 66 per cent capped relief which took effect on 1 July 2021, over 90 per cent of eligible businesses will see a 75 per cent reduction in their business rates bill across this entire financial year to April 2022.</p><p> </p><p>In recognition of longer-term challenges facing the high street, eligible retail, hospitality, and leisure businesses will receive a new temporary relief worth almost £1.7 billion in the year 2022-23.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL4945 question first answered 20/12/2021 18:10:47 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	248 label Biography information for Lord Jones of Cheltenham