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1064619
registered interest false more like this
date less than 2019-02-20more like thismore than 2019-02-20
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Taxation: EU Action more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Statement by Lord Bates on 19 January (HLWS1308) concerning the Economic and Financial Affairs Council meeting of 12 February, what position was taken by the UK during the exchange of views on the European Commission’s proposal to move to qualified majority voting in EU taxation policy. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL13938 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-03-06more like thismore than 2019-03-06
answer text <p>As set out in an explanatory memorandum dated 5 February 2019,<sup><sup>[1]</sup></sup> the government does not support the use of qualified majority voting (QMV) in the field of taxation and this remains the case following the recent Economic and Financial Affairs Council (ECOFIN) discussion.</p><p> </p><p>[1] <a href="http://europeanmemoranda.cabinetoffice.gov.uk/files/2019/02/Scan.pdf" target="_blank">http://europeanmemoranda.cabinetoffice.gov.uk/files/2019/02/Scan.pdf</a></p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2019-03-06T12:34:25.37Zmore like thismore than 2019-03-06T12:34:25.37Z
answering member
1091
label Biography information for Lord Bates more like this
attachment
1
file name hl13938.pdf more like this
title EM attached. more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
1056485
registered interest false more like this
date less than 2019-02-06more like thismore than 2019-02-06
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading EU Staff: Pensions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 28 January (HL12856), whether the €9.75 billion in pensions liabilities are part of the estimated £39 billion settlement or additional to it. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL13535 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-02-20more like thismore than 2019-02-20
answer text <p>The financial settlement negotiated with the European Union includes the value of pensions liabilities incurred while a member state.</p><p> </p><p>We have reached a fair financial settlement with the EU, honouring commitments we made during our period of membership, and have ensured a fair deal for UK taxpayers. The Government was able to secure a number of successes in negotiations that reduced the size of the settlement from what it might have been under the Commission’s original proposal including provisions that enable future simplifications for the period over which we pay for pensions.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2019-02-20T12:37:35.377Zmore like thismore than 2019-02-20T12:37:35.377Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
1042117
registered interest false more like this
date less than 2019-01-15more like thismore than 2019-01-15
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading EU Staff: Pensions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether the share of pension liabilities to which they have agreed as part of the UK's departure from the EU is based on (1) the full budget share of those liabilities, or (2) the number of British staff employed by the EU up to and until exit day. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL12856 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-01-28more like thismore than 2019-01-28
answer text <p>As set out in the Withdrawal Agreement, as part of the Financial Settlement, the United Kingdom shall be liable to the Union for its share of the financing of the Union's liabilities incurred until 31 December 2020, including pensions. The UK’s share, as set out under Article 139, shall be a percentage calculated as the ratio between the EU Budget contributions made available by the United Kingdom in the years 2014 to 2020 and those EU Budget contributions made available during that period by all Member States and the United Kingdom. The Office for Budget Responsibility in October 2018, estimated the UK’s share of the EU’s pension liabilities as set out in the Withdrawal Agreement, at €9.75 billion.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2019-01-28T14:45:17.073Zmore like thismore than 2019-01-28T14:45:17.073Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
934509
registered interest false more like this
date less than 2018-07-03more like thismore than 2018-07-03
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading European Union: Assets more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is the total value of the capital and other assets owned by the EU; what percentage of those assets have been contributed to by the UK; and whether that figure will be used as a credit in any calculation of a financial settlement on leaving the EU. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL9190 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-07-16more like thismore than 2018-07-16
answer text <p>Our financial settlement with the EU includes a settlement on the Union’s liabilities which takes into account corresponding assets. We have also agreed that the UK will receive future income from the Union’s investment assets, including those linked to contingent liabilities. The UK’s share of the EU’s assets and liabilities, where not specified, will be calculated by applying the UK’s historical post-rebate financing share using data from across 2014-2020. In March 2018, the Office for Budget Responsibility forecast that the net value of the UK’s share of the EU’s liabilities and assets will be €2.7 billion (£2.5 billion).</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-07-16T13:43:37.957Zmore like thismore than 2018-07-16T13:43:37.957Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
895069
registered interest false more like this
date less than 2018-04-30more like thismore than 2018-04-30
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Bank of England: Public Appointments more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they intend to seek candidates internationally for a replacement governor of the Bank of England rather than restricting the post to British candidates; and if so, why. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL7434 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-15more like thismore than 2018-05-15
answer text <p>The current Governor of the Bank of England has announced he will serve to 30 June 2019. The process of appointing the next Governor will begin in due course and in a way that ensures a smooth transition and gives certainty to markets. When the time comes, the best person for the job will be appointed, whoever she or he may be.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-05-15T16:15:52.82Zmore like thismore than 2018-05-15T16:15:52.82Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
862933
registered interest false more like this
date less than 2018-03-14more like thismore than 2018-03-14
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Overseas Aid more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 16 February (HL5444), what assessment they have made of the compatibility of the UK's commitment to spend 0.79 per cent of Gross National Income on overseas aid with cuts in spending for other public services. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL6381 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-27more like thismore than 2018-03-27
answer text <p>The government takes a balanced approach to government spending, getting debt falling but also investing in our key public services like the NHS, and keeping taxes low. It also believes that the UK has a moral obligation to the world’s poorest, and the UK will continue to keep its promise to spend 0.70 per cent of Gross National Income on Official Development Assistance (ODA). This represents less than 2 per cent of total public spending.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-03-27T12:31:00.77Zmore like thismore than 2018-03-27T12:31:00.77Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
389202
registered interest false more like this
date less than 2015-07-13more like thismore than 2015-07-13
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Loans: Greece more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether the United Kingdom will incur any financial costs relating to the bailout being given to the government of Greece, either through the European Central Bank or the International Monetary Fund, or in any other way. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL1388 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-07-27more like thismore than 2015-07-27
answer text <p>The Government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout. Under the European Financial Stability Mechanism (EFSM) short term financing agreement concluded on Friday 17 July, Greece’s IMF arrears have also been cleared.</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2015-07-27T15:56:58.26Zmore like thismore than 2015-07-27T15:56:58.26Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
389205
registered interest false more like this
date less than 2015-07-13more like thismore than 2015-07-13
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading EU Budget: Contributions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what plans they have to renegotiate the funding of the European Union budget so that the United Kingdom’s contribution does not increase as a result of economic success. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL1391 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-07-27more like thismore than 2015-07-27
answer text <p>The EU budget mechanisms, which determine the UK's net contribution to the EU‎ from 2014-20, were agreed in 2013, when the Prime Minister secured an historic real terms cut to expenditure and protected the rebate. This House approved that deal on 8 July 2015.</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2015-07-27T15:56:17.517Zmore like thismore than 2015-07-27T15:56:17.517Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
387731
registered interest false more like this
date less than 2015-07-06more like thismore than 2015-07-06
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Financial Services Compensation Scheme more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they will explain why they agreed to a European directive tying the United Kingdom's bank deposit protection scheme to the euro-sterling value which has resulted in a £10,000 reduction in the level of protection for United Kingdom depositors from next year; and what action they intend to take to address this anomaly. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL1108 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-07-20more like thismore than 2015-07-20
answer text <p>The Deposit Guarantee Scheme Directive (DGSD) updates existing EU legislation designed to harmonise the level of deposit protection provided across the European Economic Area (EEA).</p><p> </p><p> </p><p> </p><p>This is necessary to ensure that depositors are entitled to the same level of protection wherever they deposit their money, and that UK firms are not competitively disadvantaged in relation to firms in other EEA jurisdictions.</p><p> </p><p> </p><p> </p><p>As a result of the current strength of the pound in relation to the euro, it has been necessary for the Prudential Regulation Authority to review the sterling coverage limit. However, the Government has taken action to ensure that UK depositors are not exposed to a sudden reduction in the level of protection they receive.</p><p> </p><p>HM Treasury has laid a statutory instrument to ensure that depositors who are currently entitled to £85,000 of protection from the Financial Services Compensation Scheme will continue to be until 31 December 2015.</p><p> </p><p> </p><p> </p><p>This will ensure that there is sufficient time available for depositors to be made aware of the changes, and to take such steps as they feel necessary to manage their financial affairs appropriately in light of this change.</p><p> </p><p> </p><p> </p>
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2015-07-20T16:37:43.493Zmore like thismore than 2015-07-20T16:37:43.493Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this
386133
registered interest false more like this
date less than 2015-06-29more like thismore than 2015-06-29
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury remove filter
hansard heading Crown Lands and Estates more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether the Crown Estate is the property of the reigning monarch; whether a majority of the income from the Estate is used in the interest of taxpayers; and what is the amount by which taxpayers benefited in the tax year 2014–15. more like this
tabling member printed
Lord Stoddart of Swindon remove filter
uin HL932 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-07-13more like thismore than 2015-07-13
answer text <p>The Crown Estate belongs to the reigning monarch 'in right of The Crown', that is, it is owned by the monarch for the duration of their reign, by virtue of their accession to the throne. But it is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch. The revenue surplus from the Estate is paid to the Consolidated fund. For 2014-15, this was £285.1million.</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2015-07-13T15:54:42.9Zmore like thismore than 2015-07-13T15:54:42.9Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
950
label Biography information for Lord Stoddart of Swindon more like this