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1655155
registered interest false more like this
date less than 2023-07-25more like thismore than 2023-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading NatWest more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what guidance, if any, they give to the management of NatWest about their expectations, in managing their 38.6% shareholding in that company. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL9693 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-08-08more like thismore than 2023-08-08
answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p>
answering member printed Baroness Penn more like this
grouped question UIN
HL9694 more like this
HL9695 more like this
HL9696 more like this
question first answered
less than 2023-08-08T10:50:03.08Zmore like thismore than 2023-08-08T10:50:03.08Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1655156
registered interest false more like this
date less than 2023-07-25more like thismore than 2023-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Nigel Farage more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government whether, as 38.6% shareholders in NatWest, they will request the company to investigate the briefings provided to the BBC about the alleged financial position of Nigel Farage. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL9694 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-08-08more like thismore than 2023-08-08
answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p>
answering member printed Baroness Penn more like this
grouped question UIN
HL9693 more like this
HL9695 more like this
HL9696 more like this
question first answered
less than 2023-08-08T10:50:03.127Zmore like thismore than 2023-08-08T10:50:03.127Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1655157
registered interest false more like this
date less than 2023-07-25more like thismore than 2023-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Nigel Farage more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made, given their 38.6% shareholding in NatWest, of the descriptions of the “purpose” and “values” of NatWest in the papers released to Nigel Farage. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL9695 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-08-08more like thismore than 2023-08-08
answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p>
answering member printed Baroness Penn more like this
grouped question UIN
HL9693 more like this
HL9694 more like this
HL9696 more like this
question first answered
less than 2023-08-08T10:50:03.207Zmore like thismore than 2023-08-08T10:50:03.207Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1655158
registered interest false more like this
date less than 2023-07-25more like thismore than 2023-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading NatWest: Fossil Fuels more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made, given their 38.6% shareholding in NatWest, of the decision by NatWest to give no loans for new oil and gas projects. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL9696 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-08-08more like thismore than 2023-08-08
answer text <p>The Government’s 38.6% shareholding in NatWest Group is managed at arm’s length and on a commercial basis by UK Government Investments (UKGI). UKGI’s role is to manage the shareholding, not the bank itself. As a shareholder in NatWest, the government does not intervene in the operational decisions of NatWest. NatWest’s board is responsible for the bank’s strategic and operational decisions.</p><p> </p><p>As set out at Budget, the Government intends to exit its shareholding by 2025-26 subject to market conditions and achieving value for money for taxpayers.</p><p> </p><p>The Government does have wider responsibilities for financial services regulation. As a matter of public policy, the Government has been clear that it is wrong to remove someone's bank account on the basis of their lawfully-held views, and the Economic Secretary to the Treasury reiterated that message on Wednesday 26 July with leaders from the banking and building society sector.</p><p> </p><p>The Government notes NatWest Group’s confirmation, on 25 July 2023, that they will be conducting an independent review into account-closure arrangements, and that, upon completion, the findings of that review will be made public<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] https://www.natwestgroup.com/news-and-insights/news-room/press-releases/our-updates/2023/jul/update-from-natwest-group-board-and-chief-executive-officer.html</p>
answering member printed Baroness Penn more like this
grouped question UIN
HL9693 more like this
HL9694 more like this
HL9695 more like this
question first answered
less than 2023-08-08T10:50:01.847Zmore like thismore than 2023-08-08T10:50:01.847Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1538946
registered interest false more like this
date less than 2022-11-02more like thismore than 2022-11-02
answering body
The Senior Deputy Speaker more like this
answering dept id 204 more like this
answering dept short name
answering dept sort name Senior Deputy Speaker (HoL) more like this
hansard heading Royal British Legion: Fundraising more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask the Senior Deputy Speaker why Remembrance Day poppies are not on sale at Peers' Entrance as in previous years. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL3150 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-03more like thismore than 2022-11-03
answer text <p>A box of Remembrance Day poppies was placed at Peers’ Entrance on Wednesday 2 November. This was in addition to poppy boxes already placed in the Attendants’ Office off Peers’ Lobby and at Millbank House reception.</p> more like this
answering member printed Lord Gardiner of Kimble more like this
question first answered
less than 2022-11-03T16:20:30.777Zmore like thismore than 2022-11-03T16:20:30.777Z
answering member
4161
label Biography information for Lord Gardiner of Kimble more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1489463
registered interest false more like this
date less than 2022-07-14more like thismore than 2022-07-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Privy Council 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 which minister made the decision (1) to reduce the size of the Accession Council, and (2) to hold a ballot of Privy Councillors to attend the Council. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL1767 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-22more like thismore than 2022-07-22
answer text <p>The decision not to summons all Privy Counsellors to the next Accession Council, and to hold a ballot of Privy Counsellors not eligible to attend on an ex officio basis, was taken with the collective agreement of the Lord President of the Council and Number 10. The Royal Household was also consulted on the basis of this collective advice. This decision-making process is consistent with the decision-making process for previous Accession Councils.</p><p><strong> </strong></p><p>The decision to reduce the size of the Accession Council and to hold a ballot for those ineligible to attend on an ex officio basis applies to all Privy Councillors, regardless of their nationality or their usual place of residence.</p><p><strong> </strong></p><p>St. James’s Palace is the senior Royal Palace in the United Kingdom and the Court of St. James is the Royal Court to which all Realm High Commissioners are accredited. St. James’s Palace has therefore long been agreed to be the most appropriate setting for the Accession Council.</p><p><strong> </strong></p><p>In any case, Westminster Hall will not be available to host the Accession Council because an intensive and time critical series of works will begin on the Parliamentary estate, including Westminster Hall, as soon as Demise is announced. The purpose of these works is to prepare the estate and surrounding areas for significant elements of ceremonial and procedural activity. Hosting the Accession Council in Westminster Hall would prevent the completion of these critical works, resulting in significant disruption to other national activity.</p><p><strong> </strong></p><p>Attendance at an Accession Council is not a statutory matter and there is no constitutional requirement to consult Privy Counsellors on any amendments to attendance arrangements.</p><p><strong> </strong></p><p>Decisions on attendance arrangements for future Accession Councils will be taken at the appropriate time.</p><p><strong> </strong></p>
answering member printed Lord True more like this
question first answered
less than 2022-07-22T13:35:27.937Zmore like thismore than 2022-07-22T13:35:27.937Z
answering member
4200
label Biography information for Lord True more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1489464
registered interest false more like this
date less than 2022-07-14more like thismore than 2022-07-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Privy Council 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 decision to reduce the size of the Accession Council and to hold a ballot also applies to Privy Councillors from (1) Commonwealth, or (2) other countries. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL1768 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-25more like thismore than 2022-07-25
answer text <p>The decision not to summons all Privy Counsellors to the next Accession Council, and to hold a ballot of Privy Counsellors not eligible to attend on an ex officio basis, was taken with the collective agreement of the Lord President of the Council and Number 10. The Royal Household was also consulted on the basis of this collective advice. This decision-making process is consistent with the decision-making process for previous Accession Councils.</p><p>The decision to reduce the size of the Accession Council and to hold a ballot for those ineligible to attend on an ex officio basis applies to all Privy Councillors, regardless of their nationality or their usual place of residence.</p><p>St. James’s Palace is the senior Royal Palace in the United Kingdom and the Court of St. James is the Royal Court to which all Realm High Commissioners are accredited. St. James’s Palace has therefore long been agreed to be the most appropriate setting for the Accession Council.</p><p>In any case, Westminster Hall will not be available to host the Accession Council because an intensive and time critical series of works will begin on the Parliamentary estate, including Westminster Hall, as soon as Demise is announced. The purpose of these works is to prepare the estate and surrounding areas for significant elements of ceremonial and procedural activity. Hosting the Accession Council in Westminster Hall would prevent the completion of these critical works, resulting in significant disruption to other national activity.</p><p>Attendance at an Accession Council is not a statutory matter and there is no constitutional requirement to consult Privy Counsellors on any amendments to attendance arrangements.</p><p>Decisions on attendance arrangements for future Accession Councils will be taken at the appropriate time.</p><p> </p>
answering member printed Lord True more like this
grouped question UIN
HL1769 more like this
HL1770 more like this
HL1771 more like this
question first answered
less than 2022-07-25T11:07:20.937Zmore like thismore than 2022-07-25T11:07:20.937Z
answering member
4200
label Biography information for Lord True more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1489465
registered interest false more like this
date less than 2022-07-14more like thismore than 2022-07-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Privy Council 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 Accession Council on the death of the Sovereign could be held in Westminster Hall; and if not, why not. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL1769 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-25more like thismore than 2022-07-25
answer text <p>The decision not to summons all Privy Counsellors to the next Accession Council, and to hold a ballot of Privy Counsellors not eligible to attend on an ex officio basis, was taken with the collective agreement of the Lord President of the Council and Number 10. The Royal Household was also consulted on the basis of this collective advice. This decision-making process is consistent with the decision-making process for previous Accession Councils.</p><p>The decision to reduce the size of the Accession Council and to hold a ballot for those ineligible to attend on an ex officio basis applies to all Privy Councillors, regardless of their nationality or their usual place of residence.</p><p>St. James’s Palace is the senior Royal Palace in the United Kingdom and the Court of St. James is the Royal Court to which all Realm High Commissioners are accredited. St. James’s Palace has therefore long been agreed to be the most appropriate setting for the Accession Council.</p><p>In any case, Westminster Hall will not be available to host the Accession Council because an intensive and time critical series of works will begin on the Parliamentary estate, including Westminster Hall, as soon as Demise is announced. The purpose of these works is to prepare the estate and surrounding areas for significant elements of ceremonial and procedural activity. Hosting the Accession Council in Westminster Hall would prevent the completion of these critical works, resulting in significant disruption to other national activity.</p><p>Attendance at an Accession Council is not a statutory matter and there is no constitutional requirement to consult Privy Counsellors on any amendments to attendance arrangements.</p><p>Decisions on attendance arrangements for future Accession Councils will be taken at the appropriate time.</p><p> </p>
answering member printed Lord True more like this
grouped question UIN
HL1768 more like this
HL1770 more like this
HL1771 more like this
question first answered
less than 2022-07-25T11:07:20.987Zmore like thismore than 2022-07-25T11:07:20.987Z
answering member
4200
label Biography information for Lord True more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1489466
registered interest false more like this
date less than 2022-07-14more like thismore than 2022-07-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Privy Council 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 consultations were undertaken by the Privy Council with Privy Councillors prior to the decision to reduce the size of the Accession Council. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL1770 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-25more like thismore than 2022-07-25
answer text <p>The decision not to summons all Privy Counsellors to the next Accession Council, and to hold a ballot of Privy Counsellors not eligible to attend on an ex officio basis, was taken with the collective agreement of the Lord President of the Council and Number 10. The Royal Household was also consulted on the basis of this collective advice. This decision-making process is consistent with the decision-making process for previous Accession Councils.</p><p>The decision to reduce the size of the Accession Council and to hold a ballot for those ineligible to attend on an ex officio basis applies to all Privy Councillors, regardless of their nationality or their usual place of residence.</p><p>St. James’s Palace is the senior Royal Palace in the United Kingdom and the Court of St. James is the Royal Court to which all Realm High Commissioners are accredited. St. James’s Palace has therefore long been agreed to be the most appropriate setting for the Accession Council.</p><p>In any case, Westminster Hall will not be available to host the Accession Council because an intensive and time critical series of works will begin on the Parliamentary estate, including Westminster Hall, as soon as Demise is announced. The purpose of these works is to prepare the estate and surrounding areas for significant elements of ceremonial and procedural activity. Hosting the Accession Council in Westminster Hall would prevent the completion of these critical works, resulting in significant disruption to other national activity.</p><p>Attendance at an Accession Council is not a statutory matter and there is no constitutional requirement to consult Privy Counsellors on any amendments to attendance arrangements.</p><p>Decisions on attendance arrangements for future Accession Councils will be taken at the appropriate time.</p><p> </p>
answering member printed Lord True more like this
grouped question UIN
HL1768 more like this
HL1769 more like this
HL1771 more like this
question first answered
less than 2022-07-25T11:07:21.063Zmore like thismore than 2022-07-25T11:07:21.063Z
answering member
4200
label Biography information for Lord True more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this
1489467
registered interest false more like this
date less than 2022-07-14more like thismore than 2022-07-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Privy Council 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 decision to reduce the size of the Accession Council and to hold an annual ballot of Privy Councillors only applies to the next meeting of the Accession Council or whether annual ballots will continue thereafter. more like this
tabling member printed
Lord Lamont of Lerwick more like this
uin HL1771 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-25more like thismore than 2022-07-25
answer text <p>The decision not to summons all Privy Counsellors to the next Accession Council, and to hold a ballot of Privy Counsellors not eligible to attend on an ex officio basis, was taken with the collective agreement of the Lord President of the Council and Number 10. The Royal Household was also consulted on the basis of this collective advice. This decision-making process is consistent with the decision-making process for previous Accession Councils.</p><p>The decision to reduce the size of the Accession Council and to hold a ballot for those ineligible to attend on an ex officio basis applies to all Privy Councillors, regardless of their nationality or their usual place of residence.</p><p>St. James’s Palace is the senior Royal Palace in the United Kingdom and the Court of St. James is the Royal Court to which all Realm High Commissioners are accredited. St. James’s Palace has therefore long been agreed to be the most appropriate setting for the Accession Council.</p><p>In any case, Westminster Hall will not be available to host the Accession Council because an intensive and time critical series of works will begin on the Parliamentary estate, including Westminster Hall, as soon as Demise is announced. The purpose of these works is to prepare the estate and surrounding areas for significant elements of ceremonial and procedural activity. Hosting the Accession Council in Westminster Hall would prevent the completion of these critical works, resulting in significant disruption to other national activity.</p><p>Attendance at an Accession Council is not a statutory matter and there is no constitutional requirement to consult Privy Counsellors on any amendments to attendance arrangements.</p><p>Decisions on attendance arrangements for future Accession Councils will be taken at the appropriate time.</p><p> </p>
answering member printed Lord True more like this
grouped question UIN
HL1768 more like this
HL1769 more like this
HL1770 more like this
question first answered
less than 2022-07-25T11:07:21.11Zmore like thismore than 2022-07-25T11:07:21.11Z
answering member
4200
label Biography information for Lord True more like this
tabling member
895
label Biography information for Lord Lamont of Lerwick more like this