Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1186717

registered interest
date	19/03/2020
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Treasury: Billing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what action they are taking to reduce the time taken to pay their subcontractors.
tabling member printed	Lord Myners
uin	HL2782
answer	answer is ministerial correction date of answer 30/03/2020 answer text <p>The Government should set a strong example by paying subcontractors promptly. Our commitment is to pay 90% of undisputed and valid invoices from small and medium-sized enterprises within 5 days and 100% of all undisputed and valid invoices within 30 days. Government departments are required to report their performance against these payment targets on a quarterly basis on <a href="http://www.gov.uk" target="_blank">GOV.UK</a>.</p><p>Through the Public Contract Regulations 2015, public sector buyers must include 30-day payment terms in new public sector contracts; and require that this payment term be passed down the supply chain. Since 1 September 2019, suppliers risk being excluded from winning large government contracts if they cannot demonstrate prompt payment.</p> answering member printed Lord True question first answered 30/03/2020 14:03:22 answering member 4200 label Biography information for Lord True
tabling member	3869 label Biography information for Lord Myners

1185140

registered interest
date	16/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they, or the Financial Conduct Authority, have taken any action to (1) monitor, or (2) issue guidance, to peer-to-peer lenders about whether new client inflows should be used to support previous borrowers experiencing financial difficulty and funded by earlier investors.
tabling member printed	Lord Myners
uin	HL2642
answer	answer is ministerial correction date of answer 30/03/2020 answer text <p>The Government monitors the peer-to-peer lending sector on an ongoing basis and engages regularly with the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector.</p><p>The FCA is operationally independent from Government. The second part of the question, as it relates to the FCA, has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter, and a copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2020 10:18:35 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1178533

registered interest
date	13/02/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Comet Group: Insolvency
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 (1) report by the Institute of Accountants in England and Wales into the insolvency of Comet Group and the losses sustained by HMRC, published on 31 January, and (2) implications, if any, for the (a) collapse of Monarch Airline, and (b) request for governmental financial support from Flybe and its immediate and ultimate owners.
tabling member printed	Lord Myners
uin	HL1669
answer	answer is ministerial correction date of answer 27/02/2020 answer text <p>The Government is aware of the findings of the investigation by the Institute of Chartered Accountants in England and Wales (ICAEW) into the conduct of the administrators of Comet Group Limited and the resulting consent order setting out the disciplinary action taken. The Government supports the aims of the regulatory framework for insolvency practitioners and the Government’s Insolvency Service works closely with the Recognised Professional Bodies, such as the ICAEW, in ensuring appropriate action is taken when needed following an insolvency. Regarding Flybe, it would not be appropriate for Government to comment on the speculation as to its financial affairs.</p> answering member printed Lord Callanan question first answered 27/02/2020 12:50:07 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1178153

registered interest
date	12/02/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bridges: Irish Sea
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of (1) the engineering feasibility of building a bridge between Scotland and Northern Ireland, and (2) the estimated costs and sources of funding for such a project.
tabling member printed	Lord Myners
uin	HL1608
answer	answer is ministerial correction date of answer 26/02/2020 answer text <p>The government is committed to upgrading our infrastructure, and we are looking at a range of options to level up the country and support growth and productivity in every region. We will set out more details on our plans to increase investment in infrastructure at the Budget.</p> answering member printed Lord Agnew of Oulton question first answered 26/02/2020 13:34:28 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1175335

registered interest
date	27/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what plans they have to review the effectiveness of authorised corporate directors of open-ended investment funds in providing investor protection.
tabling member printed	Lord Myners
uin	HL803
answer	answer is ministerial correction date of answer 10/02/2020 answer text <p>The government is committed to ensuring that the UK has a robust framework for financial regulation and that consumers are treated fairly. The FCA is responsible for overseeing the conduct standards of financial services firms. <br> <br> ‘Host’ Authorised Corporate Directors (ACDs) are Authorised Fund Managers which are not within the group structure of the delegate investment manager. The FCA is currently reviewing how effectively ‘host’ ACDs undertake their responsibilities. The FCA expects to complete this work in the first half of 2020.</p><p> </p> answering member printed The Earl of Courtown question first answered 10/02/2020 15:40:57 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1175265

registered interest
date	22/01/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Loans
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what plans they have to address the regional disparities in small business lending, as reported in The Times on 21 January.
tabling member printed	Lord Myners
uin	HL710
answer	answer is ministerial correction date of answer 03/02/2020 answer text <p>The Government is committed to levelling up across the whole country so that businesses can access the funding they need to thrive wherever they are.</p><p> </p><p>The British Business Bank (BBB) is a government-owned economic development bank which helps to drive economic growth by making finance markets work better for small businesses, enabling them to prosper and grow. Since BBB was established in 2014, it has supported over £7 billion of finance to over 91,000 SMEs across the UK (as at June 2019) and continues to grow. The stock of finance supported by the bank grew by 31% year on year (from June 2018 to June 2019).</p><p> </p><p>BBB’s Start Up Loans programme has so far provided 69,201 loans worth over £558m to small businesses (at end-December 2019) and has delivered loans in every parliamentary constituency in the UK.</p><p> </p><p> </p><p>BBB has introduced specific funds and activities to help address regional disparities in access to finance, which are having an increasingly significant impact. These have equity and debt finance components, with the balance of debt to equity set according to the specific needs of the businesses in those regions.</p><p> </p><p>The funds include:</p><ul><li>The Northern Powerhouse Investment Fund (NPIF) which has invested over £140m of an overall £400m fund in over 500 ambitious SMEs across the Northern Powerhouse region, in deals that have attracted an additional £140m of investment from the private sector (as of Nov 2019). £80.6m of NPIF so far has been made in debt finance to 474 businesses;</li><li>The Midlands Engine Investment Fund (MEIF) which has invested over £48 million of an overall £250m fund in over 200 businesses, in deals that have attracted an additional £27m of investment from the private sector (as of Nov 2019). £23.9m of MEIF so far has been in debt finance to 177 businesses.</li></ul><p> </p><p>For equity investment, the BBB also has a £100m Regional Angels Programme, which is designed to help reduce regional imbalances in access to early stage equity finance for smaller businesses across the UK (launched in October 2018 by British Business Investments, a commercial subsidiary of the British Business Bank). In September 2019, the first £10m commitment through the programme was made to one of the largest business angel networks in the North of England which primarily operates in the North West, Yorkshire and the North East with more commitments to be announced in the coming year.</p><p> </p><p>The UK Network, established in early 2019 by the British Business Bank is a UK-wide network of relationship managers which will continue to enhance and further build BBB’s relationships with key SME access to finance stakeholders across the UK and thereby help tackle regional imbalances in access to finance, including for smaller businesses seeking debt finance at all stages of their development.</p> answering member printed Lord Duncan of Springbank question first answered 03/02/2020 17:13:10 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	3869 label Biography information for Lord Myners

1167255

registered interest
date	29/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Ministerial Powers
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government on how many occasions since 24 July Permanent Secretaries or Senior Civil Servants required ministerial direction to act, broken down by Government Department.
tabling member printed	Lord Myners
uin	HL523
answer	answer is ministerial correction date of answer 01/11/2019 answer text <p>Ministerial directions are published on gov.uk.</p><p> </p><p>There have been no ministerial directions since 24<sup>th</sup> July 2019.</p> answering member printed The Earl of Courtown question first answered 01/11/2019 09:28:48 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1130254

registered interest
date	05/06/2019
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Arcadia Group: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to review (1) decisions taken by the trustees of the Arcadia Group Pension Scheme which may have contributed to an aggregate deficit of liabilities over assets of some £700 million, (2) the oversight of the Arcadia Scheme by the Pensions Regulator, and (3) the Pensions Regulator's use of its powers in relation to the Arcadia Scheme.
tabling member printed	Lord Myners
uin	HL16115
answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The Government cannot intervene with the decisions taken by trustees of pension schemes.</p><p> </p><p>The Pensions Regulator is an independent body, and as such the Government cannot comment on any cases dealt with by the Regulator. Due to this, the Government does not have plans to review the oversight exercised over the Arcadia scheme, or the use of powers in relation to the scheme.</p> answering member printed Baroness Buscombe question first answered 19/06/2019 15:46:29 answering member 3349 label Biography information for Baroness Buscombe
tabling member	3869 label Biography information for Lord Myners

1129549

registered interest
date	04/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Barlow Clowes: Insolvency
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 role Dame Elizabeth Gloster played as counsel in cases arising out of (1) the insolvency of Barlow Clowes, and (2) the payment of compensation to investors in that firm's funds.
tabling member printed	Lord Myners
uin	HL16034
answer	answer is ministerial correction date of answer 18/06/2019 answer text <p>On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital &amp; Finance (LCF), and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it. The investigation will look at the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth will be able to consider any other matters she deems relevant to the events set out in the Treasury’s direction to the FCA.</p><p> </p><p>Dame Elizabeth is an experienced barrister, leading QC and Judge at the High Court and Court of Appeal. The Treasury is satisfied that she will be able to lead a robust and independent investigation.</p><p> </p><p>The Treasury has stipulated that the investigation should be completed within 12 months, whilst allowing the investigator to report sooner than 12 months if this is feasible. This will ensure that the investigation is as thorough as possible and that the right lessons are learned to better protect those who invest their money in the future.</p> answering member printed Lord Young of Cookham grouped question UIN HL16033 HL16035 question first answered 18/06/2019 15:18:13 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

1128081

registered interest
date	22/05/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Greybull Capital
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they will undertake a review into the activities of Greybull Capital, in particular with regard to (1) Monarch Airlines, (2) British Steel, (3) issues of creditor preference, and (4) the completeness and accuracy of public statements made by Greybull Capital, its partners, and employees.
tabling member printed	Lord Myners
uin	HL15930
answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The Official Receiver is under a statutory duty to investigate the cause of failure of any company in compulsory liquidation and generally its business, dealings and affairs, which will include any actions taken which have been detrimental to creditors or pension schemes, and will do so in the case of British Steel. He has a duty to report any potential misconduct of directors to my rt. hon. Friend the Secretary of State for Business, Energy and Industrial Strategy.</p><p>In the case of British Steel, the Secretary of State has written to the Insolvency Service, specifically requesting that the investigation not only looks at the conduct of the directors immediately prior to and at insolvency, but also at the investments made in the company (noting previous commitments given in this regard) and the potential value transferred out of the company.</p><p> </p> answering member printed Lord Henley question first answered 04/06/2019 16:04:07 answering member 2616 label Biography information for Lord Henley
tabling member	3869 label Biography information for Lord Myners