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773022

registered interest
date	18/10/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the costs of repatriating customers of Monarch Airlines to the UK will be met, in any part, by HM Treasury; and if so, what assessment they have made of such costs.
tabling member printed	Lord Myners
uin	HL2223
answer	answer is ministerial correction date of answer 01/11/2017 answer text <p>The costs of repatriating Monarch’s ATOL protected customers will be met by the ATOL scheme. The costs of repatriating all other passengers will be met by Her Majesty’s Government.</p><p> </p><p>The Civil Aviation Authority has estimated the total repatriation costs to be approximately £60m, although some of these costs will be met by the ATOL scheme. Government is also seeking to recover costs through credit card companies and travel providers who would otherwise be liable. HM Treasury has not made its own assessment of the costs and do not produce forecasts of future tax payments by specific taxpayers.</p> answering member printed Lord Bates grouped question UIN HL2222 HL2288 question first answered 01/11/2017 12:49:21 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

598916

registered interest
date	11/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Markets
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of whether high frequency trading has utility and is in the national interest.
tabling member printed	Lord Vinson
uin	HL2223
answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>The Government sponsored the Foresight Project, which reported in 2012, to analyse the role, development, and impact of computer-based trading – including high frequency trading – in financial markets. The Future of Computer Trading in Financial Markets report highlighted the benefits of computer-based trading for the operation of markets, in particular relating to liquidity, transaction costs, and the efficiency of market prices, while also considering the implications for financial stability.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/10/2016 14:21:10 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1807 label Biography information for Lord Vinson