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1146934

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personation: Credit Rating
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 on victims of identity fraud in particular any adverse credit rating changes and the subsequent impact of such changes on mortgage payments and relationships with credit companies.
tabling member printed	Lord Hunt of Kings Heath
uin	HL17908
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>Under the Fraud Act 2006, it is a crime to dishonestly make a false representation to make a gain, to cause loss to another or expose another to risk of loss. The Government takes fraud extremely seriously and recognises the devastating impacts that fraud can have on individuals and businesses.</p><p> </p><p>Decisions concerning how lenders assess mortgage applications, including how information from Credit Reference Agencies (CRAs) is used, are commercial decisions for banks and building societies.</p><p> </p><p>It is worth being aware that CRAs do not hold blacklists and do not tell a lender whether it should offer credit. Instead lenders use information from CRAs to come to their own commercial judgement. This means that while one lender may be unwilling to provide a mortgage due to a borrower’s credit history, that is not necessarily the case for other lenders.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 12:03:45 answering member 3359 label Biography information for The Earl of Courtown
tabling member	2024 label Biography information for Lord Hunt of Kings Heath

1146948

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foster Care: Off-payroll Working
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 on foster carers of their plans to extend the new IR35 rules to the private sector from April 2020.
tabling member printed	Baroness Kramer
uin	HL17922
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The reforms to how the off-payroll working rules are administered have already been in place in the public sector, including local authorities, since 2017. In the first 12 months, these reforms brought in an additional £550 million in Income Tax and NICs, which otherwise would have gone unpaid. Independent research into the public sector reforms found that most public bodies did not experience any change in their ability to fill vacancies, or the rates they pay following the reforms.</p><p> </p><p>Following consultation, the Government announced at Budget 2018 that it will extend this reform to all medium and large organisations. On 11 July 2019 HMRC published a Tax Information and Impact Note setting out the impact on individuals, households and families of the reform in the private sector.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 12:12:21 answering member 3359 label Biography information for The Earl of Courtown
tabling member	1557 label Biography information for Baroness Kramer

1146955

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to (1) investigate delays in, and (2) take action to speed activity in, and (3) ensure lenders are properly informed about, secondary market sales in peer-to-peer lending.
tabling member printed	Lord Myners
uin	HL17929
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Government monitors the peer to peer (P2P) lending sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector.</p><p> </p><p>The operationally independent FCA recently published new rules for the sector. These will come into force on 9 December and include enhanced requirements on governance, risk management and investor protection.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:59:48 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1146959

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
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 initiate, or support, a new debt relief scheme designed to assist the least developed countries affected by climate change.
tabling member printed	The Earl of Sandwich
uin	HL17933
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The UK is a member of the Paris Club of official creditors, and any bilateral restructuring of UK loans to other sovereigns is conducted through this group. The UK forgave most of our loans to the least developed countries through the Paris Club framework under the International Monetary Fund (IMF) and World Bank Group (WBG) Heavily Indebted Poor Countries (HIPC) initiative in the 1990s and 2000s.</p><p>The UK continues to play a leading role in discussions on debt sustainability and transparency in international fora, including on climate-resilient instruments. The UK has supported work through the Paris Club and G7 to develop “Hurricane Clauses” which can provide Caribbean sovereigns with cash-flow relief following natural disasters.</p><p>The UK also provides broader policy support to assist the least developed countries affected by climate change. The Prime Minister announced at the UN Climate Action Summit on 23rd September 2019 that the UK would be doubling its international climate finance commitment to £11.6bn over the next five years. This will include work to help vulnerable countries and communities become resilient to the damaging effects of climate change.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 12:13:27 answering member 3359 label Biography information for The Earl of Courtown
tabling member	2109 label Biography information for The Earl of Sandwich