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1724739

registered interest
date	30/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Ukraine: Armoured Fighting Vehicles
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government further to the remarks by Lord Ahmad of Wimbledon on 9 February 2023 (HL Deb col 1425), whether it is their policy that the integrity of the money laundering regulations is to be prioritised over facilitating the export of armoured fighting vehicles to Ukraine under previously granted export licences.
tabling member printed	Earl Attlee
uin	HL480
answer	answer is ministerial correction date of answer 08/08/2024 answer text <p>Notwithstanding that the comments referred to were made by the previous government, this government’s policy is that the Money Laundering Regulations are a vital part of the UK’s comprehensive economic crime response and should not be a barrier to legitimate customers.</p><p>While the process of granting an export licence is thorough, it does not consider the source of funds related to the movement of relevant goods. It is therefore right that firms are required to carry out their own, risk-based due diligence when providing financial services to those engaged in the defence industry, regardless of any licences those customers may hold.</p> answering member printed Lord Livermore question first answered 08/08/2024 09:44:58 answering member 4559 label Biography information for Lord Livermore
tabling member	3425 label Biography information for Earl Attlee

1724752

registered interest
date	30/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pension Funds
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the proportion of UK pension funds invested in UK companies, and what steps they are taking to increase such investment.
tabling member printed	The Earl of Effingham
uin	HL495
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>The Government has noted the trend observed in external analysis and commentary of relative decreased investment from pension funds in UK companies.</p><p>That is why the Chancellor has announced a landmark pensions review as a part of the Government’s mission to boost economic growth and investment in the UK. Under plans unveiled by the new Chancellor, billions of pounds of investment could be unlocked in the UK economy from defined contribution schemes alone. Defined contribution schemes will be managing around £800 billion in assets by the end of the decade and the Review will explore ways to increase their investment into UK productive assets. The Review will also look at how to unlock the investment potential of the £360 billion within the Local Government Pension Scheme, which manages the savings of those working to deliver our vital local services, as well as how to tackle the £2 billion that is being spent on fees.</p> answering member printed Lord Livermore question first answered 07/08/2024 10:14:36 answering member 4559 label Biography information for Lord Livermore
tabling member	4958 label Biography information for The Earl of Effingham

1724807

registered interest
date	30/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the publication of the Chancellor statement on public spending inheritance on gov.uk on 29 July, what edited changes were made in the "update to redacted content" on 29 July; whether a ministerial speech was originally posted on gov.uk with party political content and, if so, why; whether the Permanent Secretary was consulted on the original upload or the subsequent changes; and what steps are being taken to ensure ongoing compliance of HM Treasury’s departmental communications with both the Civil Service Code and the Government Communication Service's Propriety & Ethics Guidance for Government Communicators.
tabling member printed	Baroness Neville-Rolfe
uin	HL519
answer	answer is ministerial correction date of answer 08/08/2024 answer text <p>Due to an administrative error, an unredacted version of the Chancellor’s speech was uploaded to GOV.UK. This was swiftly amended as soon as the error was flagged and an updated, redacted version was uploaded having been reviewed by senior managers.</p><p>Per best practice, this was tagged as “information has been added, updated or removed” and is visible on GOV.UK as “update to redacted content.”</p> answering member printed Lord Livermore question first answered 08/08/2024 09:44:11 answering member 4559 label Biography information for Lord Livermore
tabling member	4284 label Biography information for Baroness Neville-Rolfe

1723952

registered interest
date	29/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Education: Fees and Charges
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the compatibility of their proposal to levy VAT on fees at independent schools with Article 2 of the First Protocol of the European Convention on Human Rights; whether they have taken independent legal advice on this matter; and, if so, whether they plan publish such advice.
tabling member printed	Lord Black of Brentwood
uin	HL412
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>The Government is confident that the measure to introduce VAT on private school fees is compatible with the Human Rights Act 1998.</p> answering member printed Lord Livermore question first answered 07/08/2024 10:01:16 answering member 4559 label Biography information for Lord Livermore
tabling member	4171 label Biography information for Lord Black of Brentwood

1724011

registered interest
date	29/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the likely impact of their proposed increase in the windfall tax on the UK’s energy security.
tabling member printed	Lord Taylor of Warwick
uin	HL469
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>A key outcome of the government’s clean energy mission will be greater energy security and independence. The government recognises that oil and gas production in the North Sea will continue to play a role in our energy mix for decades to come. The government will achieve a phased and responsible transition by taking a proportionate approach that ensures the oil and gas sector continues to play a role whilst contributing more towards our clean energy transition.</p><p> </p> answering member printed Lord Livermore question first answered 07/08/2024 10:13:25 answering member 4559 label Biography information for Lord Livermore
tabling member	1796 label Biography information for Lord Taylor of Warwick

1724012

registered interest
date	29/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Disadvantaged
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to improve access to banking services for individuals who rely primarily on cash because of digital exclusion.
tabling member printed	Lord Taylor of Warwick
uin	HL470
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>The Government is committed to protecting access to cash for individuals and businesses. The Financial Conduct Authority is the regulator responsible for access to cash further to the Financial Services and Markets Act 2023, with powers to seek to ensure the reasonable provision of cash withdrawal and deposit facilities for individuals and businesses, including free withdrawal services for individuals.</p><p>The FCA published its final rules on access to cash on 24 July. Under its rules, designated firms will be required to undertake assessments of a community’s cash needs following the closure of a service or a community request, and to put in a new service if necessary. These rules come into force on 18 September.</p><p> </p><p>The Government also recognises the importance of banking services to communities and high streets and has committed to work closely with the banks to roll out 350 banking hubs over the next five years.</p> answering member printed Lord Livermore question first answered 07/08/2024 10:13:59 answering member 4559 label Biography information for Lord Livermore
tabling member	1796 label Biography information for Lord Taylor of Warwick

1723710

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Postal Services: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what measures they will put in place to mitigate the administrative burden on firms sending business-to-business parcels from Great Britain to Northern Ireland following the full implementation of customs controls under the Windsor Framework from autumn.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL356
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>The Government is committed to delivering the Windsor Framework. It has carried out extensive engagement with businesses (including parcel carriers) to implement the changes agreed under the Windsor Framework for moving goods from Great Britain to Northern Ireland, and will continue to do so.</p><p> </p> answering member printed Lord Livermore grouped question UIN HL357 question first answered 07/08/2024 10:08:24 answering member 4559 label Biography information for Lord Livermore
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1723711

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Windsor Framework
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to communicate the next stage of the implementation of the Windsor Framework in autumn to businesses in Northern Ireland.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL357
answer	answer is ministerial correction date of answer 07/08/2024 answer text <p>The Government is committed to delivering the Windsor Framework. It has carried out extensive engagement with businesses (including parcel carriers) to implement the changes agreed under the Windsor Framework for moving goods from Great Britain to Northern Ireland, and will continue to do so.</p><p> </p> answering member printed Lord Livermore grouped question UIN HL356 question first answered 07/08/2024 10:08:27 answering member 4559 label Biography information for Lord Livermore
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1723716

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Growth
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether the recommendations of Lord Myners published in March 2001 in Institutional Investment in the United Kingdom: A Review will form part of their growth and productivity plans.
tabling member printed	Lord Sikka
uin	HL362
answer	answer is ministerial correction date of answer 08/08/2024 answer text <p>Institutional investment is vital for growth, and investment in starts ups and scale ups is an important part of that. The Myners Report contains valuable insights that are still valuable today. However, the pensions market in particular is now significantly different than it was in 2001. The Chancellor has launched a landmark pensions review which will focus on increasing investment, improving saver returns and tackling waste in the pensions system. This is alongside other major initiatives to drive economic growth such as the National Wealth Fund to mobilise private capital and institutional investment.</p> answering member printed Lord Livermore question first answered 08/08/2024 09:43:48 answering member 4559 label Biography information for Lord Livermore
tabling member	4885 label Biography information for Lord Sikka

1723722

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Interest Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to support first-time buyers in taking advantage of new lower mortgage rates; and what additional incentives they are considering to stimulate home ownership.
tabling member printed	Lord Taylor of Warwick
uin	HL370
answer	answer is ministerial correction date of answer 02/08/2024 answer text <p>The average 2-year fixed rate mortgage rose from 2 per cent to 6.2 percent between Q1 2022 and Q1 2024, adding £300 to typical monthly payments.</p><p> </p><p>This government will deliver economic stability with tough spending rules so we can grow our economy and keep taxes, inflation and mortgages as low as possible.</p><p> </p><p>This Government will also help to turn the dream of owning a home into a reality by fixing the planning system and building 1.5 million more homes, as well as helping buyers who are struggling to save with Freedom to Buy.</p> answering member printed Lord Livermore question first answered 02/08/2024 13:25:41 answering member 4559 label Biography information for Lord Livermore
tabling member	1796 label Biography information for Lord Taylor of Warwick