Results 81–100 of 1212 for speaker:Lord Deighton

Written Answers — HM Treasury: Employee Ownership (24 Feb 2015)

Lord Deighton: HM Revenue and Customs have agreed more than 350 share valuations with British companies in connection with the employee shareholder status. HMRC is not aware that any Share Incentive Plan or Save as You Earn option scheme is being operated by any of those companies.

Written Answers — HM Treasury: European Union (24 Feb 2015)

Lord Deighton: As you will be aware, the Balance of Competences Review concluded in December. It was the most comprehensive analysis of the UK’s relationship with the EU ever undertaken. The Review involved a large number of Departments across Whitehall to produce the 32 reports. The Review was based on the evidence and views received through widespread consultation with interested parties from across...

Written Answers — HM Treasury: European Union (24 Feb 2015)

Lord Deighton: As you will be aware, the Balance of Competences Review concluded in December. It was the most comprehensive analysis of the UK’s relationship with EU ever undertaken. The Review involved a large number of Departments across Whitehall to produce the 32 reports. The Review was based on the evidence and views received through widespread consultation with interested parties from across...

Written Answers — HM Treasury: Inflation (24 Feb 2015)

Lord Deighton: The Bank of England Act 1998 requires the Treasury to specify the objectives of the Monetary Policy Committee, namely what price stability is taken to consist of and the Government’s economic policy objective at least once every 12 months. At Budget 2013, the Government reviewed the UK’s flexible inflation targeting monetary policy framework in international and historical context....

Written Answers — HM Treasury: Public Sector: Pay (24 Feb 2015)

Lord Deighton: The Chancellor announced at Autumn Statement 2011 that for the two years following the public sector pay freeze, public sector pay awards will average at 1 per cent. At Budget 2013 it was announced that awards in 2015-16 will be limited to an average of up to 1 per cent. The government has made no decisions on pay policy beyond 2015-16. Decisions on future pay policy will be made at the...

Written Answers — HM Treasury: Banks: China (24 Feb 2015)

Lord Deighton: The decision-making on applications from Chinese banks to establish branches in the United Kingdom is a matter for the independent Prudential Regulation Authority, consistent with its broader policy on the regulation of non-European Economic Area banks.

Written Answers — HM Treasury: Wines: Exports (18 Feb 2015)

Lord Deighton: HM Revenue & Customs is responsible for the collection of data on UK imports and exports. From the collected trade data however, we cannot identify exports of UK produced wine. The total value of all wine exported from the UK (exports of UK produced wine and exports of wine produced elsewhere) in each of the last five years is: Year Value (£) 2010 426,546,147 2011...

Written Answers — HM Treasury: British Overseas Territories (18 Feb 2015)

Lord Deighton: The Overseas Territories are separate jurisdictions and each has their own independent supervisory authority responsible for ensuring their financial services meet regulatory standards. The Overseas Territories are subject to assessment by the international standard setter for anti-money laundering, the Financial Action Task Force. This looks specifically at the effectiveness of each...

Written Answers — HM Treasury: Tourism: VAT (17 Feb 2015)

Lord Deighton: The Government currently has no plans to reduce VAT for tourism.

Written Answers — HM Treasury: Economic Situation: Ukraine (17 Feb 2015)

Lord Deighton: The Government strongly supports providing financial assistance to Ukraine through the European Union and the International Monetary Fund (IMF), accompanied by appropriate policy conditionality.

Written Answers — HM Treasury: Alcoholic Drinks: Excise Duties (17 Feb 2015)

Lord Deighton: Treasury ministers and officials routinely meet with a wide range of stakeholders as part of the policy development process. HM Treasury routinely publishes details of Ministerial and Permanent Secretary meetings with external organisations on its website[1]. [1] https://www.gov.uk/government/collections/hmt-ministers-meet ings-hospitality-gifts-and-overseas-travel

Written Answers — HM Treasury: Tobacco: Smuggling (16 Feb 2015)

Lord Deighton: HM Revenue and Customs (HMRC) currently has no direct evidence that profits from tobacco fraud fund any specific terrorist groups. The joint HMRC/Border Force strategy to tackle tobacco smuggling has been successful in driving a consistent and sustained reduction in the illicit market in the UK, reducing the market share for illicit cigarettes by more than half and hand-rolling tobacco...

Written Answers — HM Treasury: Banks: EU Action (16 Feb 2015)

Lord Deighton: The Government considers that while structural reform provides substantial benefits even if applied at a national level, there may be arguments for unifying the objectives and standards of bank structural reform across the EU. Uniform objectives and standards reform could reduce the scope for regulatory arbitrage and help promote a level playing field for banking in the EU. Furthermore, the...

Written Answers — HM Treasury: Economic and Monetary Union (16 Feb 2015)

Lord Deighton: The Treasury continually monitors economic developments in our trading partners as part of the normal policy process. The economic uncertainty that emanated from the euro area crisis had a chilling effect on the UK’s own recovery. The Chancellor has long made clear his view that there is a remorseless logic which means that the euro area, like any single currency, needs closer economic and...

Written Answers — HM Treasury: Alcoholic Drinks: Excise Duties (16 Feb 2015)

Lord Deighton: Budget 2014 announced a cut in beer duty of 2 per cent, the freezing of duty rates on spirits and cider and the cancellation of the alcohol duty escalator for wine. The duty escalator for beer ended in 2013. The impact on alcohol revenues of the changes made at Budget 2014 were estimated as shown below[1]: 2014-15 2015-16 2016-17 2017-18 2018-19 Exchequer impact £m -290...

Written Answers — HM Treasury: Public Sector Debt (13 Feb 2015)

Lord Deighton: In 2013 central government debt interest payments were £49.1 billion. Using the relevant household and population numbers the annual cost of servicing the national debt in 2013 was: £1,841 per household; and £766 per person.

Written Answers — HM Treasury: Cheques (13 Feb 2015)

Lord Deighton: The Government took decisive action on this matter by reversing the 2009 decision by banks to phase out cheques. As well as this, the Government is bringing in legislation that will require banks to accept cheques in both paper and digital forms. This digital innovation will allow consumers, firms and charities to pay in cheques using only a smartphone image if they wish. It will...

Written Answers — HM Treasury: Welfare Tax Credits (10 Feb 2015)

Lord Deighton: The following table outlines the number of tax credit claims that have been subject to a penalty in each of the past four years. Penalties applied in period Tax credit claims subject to a civil penalty 2013-14 15,182 2012-13 8,020 2011-12 2,769 2010-11 1,932

Written Answers — HM Treasury: Debts (10 Feb 2015)

Lord Deighton: The latest data from the OECD is available from 2012 and is presented below: Debt as a % of nominal GDP (2012) Country Private Sector* General Government Financial Corporations** United States 196.6% 123.3% 258.7% Canada 235.3% 109.0% 274.0% Italy 178.7% 134.9% 202.8% France 218.4% 110.4% 221.8% Germany 153.8% 86.2% 252.1% Japan 240.5% 235.9%...

Written Answers — HM Treasury: Arms Trade: Saudi Arabia (10 Feb 2015)

Lord Deighton: This information is not available. UK Trade and Investment (UKTI) does collect information from private sector companies on what contracts defence companies win with Saudi Arabia and other countries. This data is provided on a confidential basis and only published in aggregated format. This data exercise does not include details on tax paid to the UK however.


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