Results 121–140 of 1212 for speaker:Lord Deighton

Written Answers — HM Treasury: Insolvency (26 Jan 2015)

Lord Deighton: HMRC does not hold the information in the request.

Written Answers — HM Treasury: Private Equity (26 Jan 2015)

Lord Deighton: Treasury Ministers and officials meet with, and receive, representations from, a wide range of organisations and individuals in the public and private sectors, as part of the usual policy making process. As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such representations.

Written Answers — HM Treasury: Financial Services: Fines (26 Jan 2015)

Lord Deighton: This is an operational matter for the Financial Conduct Authority (FCA), who are operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.

Written Answers — HM Treasury: Financial Services (26 Jan 2015)

Lord Deighton: Treasury Ministers and officials make regular representations to the European Commission on a wide range of issues. We cannot disclose details of specific representations. The government is committed to ensuring that investors are treated fairly when they make investment decisions and are able to get the best outcomes from their investments. Ensuring that investors can easily understand...

Written Answers — HM Treasury: Pensions (26 Jan 2015)

Lord Deighton: The Government recognises that pension buy-outs, buy-ins and longevity swap transactions provide an important means for pension schemes and firms to transfer longevity risk to a willing buyer. Factors that may lead to changes in the size and quantum of these markets and their ability to pose systemic risks to regulated firms is a matter for the Prudential Regulation Authority.

Written Answers — HM Treasury: Fuels: Taxation (26 Jan 2015)

Lord Deighton: In answer to the first question, the falling price of petrol and diesel is likely to increase fuel duty revenues. This is because fuel duty is a unit tax that does not vary with the price of the product. For every litre of petrol or diesel sold, 57.95 pence is paid in fuel duty. For every 10 pence reduction in the price of fuel, there will be a loss of 2 pence in VAT per litre sold, if...

Written Answers — HM Treasury: Students: Loans (26 Jan 2015)

Lord Deighton: The Government has no plans to provide a targeted inheritance tax relief in respect of paying off student loans. The current inheritance tax nil rate band and rules for lifetime gifts means the vast majority of individuals are able to make bequests or gifts for this purpose without inheritance tax being a consideration. The Government keeps all taxes under review.

National Infrastructure — Motion to Take Note (22 Jan 2015)

Lord Deighton: My Lords, I thank noble Lords for an excellent, instructive debate; it has been thought provoking for me, absolutely. I congratulate the noble Lord, Lord Adonis, and endorse the point that the noble Lord, Lord Berkeley, made about his contribution and his receiving the European Railway Award. I was delighted that HS1 and Eurostar could get the noble Lord back here safely and on time to kick...

National Infrastructure — Motion to Take Note (22 Jan 2015)

Lord Deighton: It is topical, but it was still a subjective review of our own psychology. The IMF review in 2009 says that the UK has the fastest-improving infrastructure in the G7, which is clearly a good thing. We managed to get cross-party support for the Olympic Games. We started off with a Labour Government and a Labour mayor, and ended up with a coalition Government and a Conservative mayor, and there...

Written Answers — House of Lords: Credit Unions (22 Jan 2015)

Lord Deighton: On 31 December 2014 the government published a response to the Call for Evidence on Credit Unions. In this response the government committed to considering potential changes to credit union legislation, including to the Common Bond, in the next parliament.

Written Answers — House of Lords: EU Budget: Contributions (20 Jan 2015)

Lord Deighton: In line with the Own Resources system—which underpins Member State contributions to the EU budget—adjustments are made to Member State contributions towards the end of each year, as a result of statistical revisions to factors underlying the contributions. As the Prime Minister said in his statement following the October European Council last year, in some years the UK adjustment has been...

Written Answers — House of Lords: European Central Bank (15 Jan 2015)

Lord Deighton: It is for the ECB Governing Council to decide the appropriate monetary policy stance for the euro area.

Written Answers — House of Lords: Financial Services (15 Jan 2015)

Lord Deighton: There are two sets of regulations that protect consumers from abuses of continuous payment authorities (CPAs) – the Payment Services Regulations 2009, and the Consumer Protection from Unfair Trading Regulations 2008. In June 2013, the Financial Conduct Authority issued a warning to banks, reminding them of their obligation to cancel CPAs immediately at the customer’s request. Banks are...

Written Answers — House of Lords: Financial Services: Regulation (15 Jan 2015)

Lord Deighton: The Davis Review contained no recommendations for the government. The response to the Davis review conclusions is a matter for the Financial Conduct Authority. This question has therefore been passed on to the FCA and the FCA will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.

Written Answers — House of Lords: Public Finance (15 Jan 2015)

Lord Deighton: The annual budget deficit is also referred to as Public Sector Net Borrowing (PSNB). The Office for National Statistics (ONS) defines PSNB as the difference between public sector receipts and expenditure as measured by National Accounts. It also equals the net balance of the public sector’s net acquisition of financial liabilities less its acquisition of financial assets. In December 2009,...

Written Answers — House of Lords: Tax Avoidance (15 Jan 2015)

Lord Deighton: In 2010 the government introduced ‘The new approach to tax policy making’[1] with the aim of improving the predictability and transparency of tax policy making. This commits to early and continuing engagement through all stages of tax policy development. As set out in the Tax Consultation Framework[2], the government will commonly consult on tax issues, why change is needed, what it is...

Written Answers — House of Lords: Public Expenditure (14 Jan 2015)

Lord Deighton: The roles and responsibilities of the Government and the devolved administrations are explained in various provisions made in the devolution Acts, as well as in non-statutory publications setting out the relationship. As set out in HM Treasury’s ‘Statement of Funding Policy’, ‘the devolved administrations will be fully accountable for the proper control and management of their public...

Written Answers — House of Lords: Public Finance (14 Jan 2015)

Lord Deighton: “The independent Office for Budget Responsibility publishes this information in its ‘public finances databank’, the deficit being ‘Public sector net borrowing’ (PSNB) and the structural deficit being ‘Cyclically-adjusted net borrowing’ (CANB). The data are set out in the table below: £bn 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 PSNB 43.8...

Written Answers — House of Lords: Economic and Monetary Union ( 7 Jan 2015)

Lord Deighton: As the Chancellor said at the Autumn Statement, Britain – as one of the most open trading economies in the world, with a large financial sector – is not immune to the risks of the global economy. This is particularly true of the euro area, the UK’s largest trading partner, which accounts for 40 percent of exports. While significant steps have been taken by the euro area to place itself...

Written Answers — House of Lords: Alcoholic Drinks: Taxation ( 6 Jan 2015)

Lord Deighton: HMRC classifies powdered alcohol as being liable to excise duty, chargeable at the equivalent rate to spirits drinks. This reflects a ruling by the European Commission in 2005 which concluded that there are no grounds for exempting alcohol powder products from excise duty under Article 27 of Directive 92/83/EEC’ (the ‘alcohol structures directive’).


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