Author: admin

  • David Crausby – 2014 Parliamentary Question to the HM Treasury

    David Crausby – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by David Crausby on 2014-06-26.

    To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the (a) Prudential Regulation Authority and (b) Financial Conduct Authority about reports of UK banks paying allowances to employees in order to avoid the EU’s bonus cap; and what steps he plans to take to reduce such practices.

    Andrea Leadsom

    The UK is at the forefront of global efforts to tackle excessive pay in the financial sector and ensure that pay is aligned with performance, with a tough Remuneration Code that requires deferral of at least 60% of bonuses of senior bankers and limits the amounts that can be paid in cash. Bonuses are down significantly since their peak under the last Government, and are now largely deferred and paid in shares.

    In contrast, the EU’s bonus cap is a poorly thought through measure that undermines rather than reinforces our efforts by pushing up fixed pay. It was introduced without any proper impact assessment and has issues around its compatibility with the EU Treaty; for these reasons we are challenging it in the European Court of Justice. However, pending the outcome, the Government is fully implementing the cap in the UK, and the Prudential Regulation Authority is responsible for ensuring that the banks comply with these rules.

  • Andrew Jones – 2014 Parliamentary Question to the HM Treasury

    Andrew Jones – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Andrew Jones on 2014-06-26.

    To ask Mr Chancellor of the Exchequer, if his Department will estimate the additional receipts accruing to the Exchequer as a result of changes in levels of employment since May 2010.

    Mr David Gauke

    The information requested is not available.

  • Gregory Campbell – 2014 Parliamentary Question to the HM Treasury

    Gregory Campbell – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Gregory Campbell on 2014-06-26.

    To ask Mr Chancellor of the Exchequer, if he will meet representatives of financial institutions to discuss how those institutions can assist customers to get the best return on their savings.

    Andrea Leadsom

    Treasury Ministers have discussions with a wide variety of organisations in the public and private sectors. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:

    www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

    It is important that customers can make the most of their savings. This is why at Budget 2014 we announced a radical package of measures to support savers – reducing taxes for the lowest income savers, reforming the ISA regime to give savers greater flexibility as to where and how they save their money, and creating a product to help retired savers see a better return.

  • Ivan Lewis – 2014 Parliamentary Question to the HM Treasury

    Ivan Lewis – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Ivan Lewis on 2014-06-26.

    To ask Mr Chancellor of the Exchequer, how much corporation tax was raised by HM Treasury in Northern Ireland in the last full financial year.

    Mr David Gauke

    The most recent available estimate of Corporation Tax receipts in respect of Northern Ireland relates to financial year 2012-13. This estimate was published by HM Revenue & Customs (HMRC) in ‘A Disaggregation of HMRC Tax Receipts between England, Wales, Scotland & Northern Ireland’. A link to the publication is provided below:

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/285765/disagg-info.pdf

    For 2012-13 the estimated portion of onshore UK Corporation Tax receipts relating to Northern Ireland was £476m. Estimates of offshore Corporation Tax receipts relating to Northern Ireland are available as produced by two methods: a geographic basis and a population based apportionment. The estimates for 2012-13 are nil and £137m respectively.

    “

  • Ivan Lewis – 2014 Parliamentary Question to the Department for Culture Media and Sport

    Ivan Lewis – 2014 Parliamentary Question to the Department for Culture Media and Sport

    The below Parliamentary question was asked by Ivan Lewis on 2014-06-26.

    To ask the Secretary of State for Culture, Media and Sport, what input officials in his Department sought from their counterparts in the Northern Ireland Executive in preparation for the UK’s attendance at the Education, Youth, Culture and Sport Council held in Brussels on 20 and 21 May 2014.

    Mr Edward Vaizey

    DCMS officials seek to keep their counterparts in the Northern Ireland Executive informed of relevant EU developments on an ongoing basis. There was no specific contact prior to the meeting of the Education, Youth, Culture and Sport Council on 20 and 21 May.

  • Andrew Jones – 2014 Parliamentary Question to the Department for Culture Media and Sport

    Andrew Jones – 2014 Parliamentary Question to the Department for Culture Media and Sport

    The below Parliamentary question was asked by Andrew Jones on 2014-06-26.

    To ask the Secretary of State for Culture, Media and Sport, if his Department will estimate the level of financial benefit in (a) Harrogate and Knaresborough constituency and (b) Yorkshire and the Humber as a result of the upcoming launch of the Tour de France.

    Mrs Helen Grant

    UK Sport is supporting the production of a full economic impact assessment of the event and this will be made available later this year.

  • Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    The below Parliamentary question was asked by Angus Robertson on 2014-06-26.

    To ask the Secretary of State for Defence, what quantitative criteria have been used to set to remote the risk probability of a collision involving a Tornado aircraft.

    Mr Philip Dunne

    Military Aviation Authority Regulatory Article 1210 defines categories for quantifying the likelihood of a risk as follows:

    “Likelihood is assessed with respect to the likelihood of the assessed consequence of a hazard. This is based on the likelihood of a single accident resulting in harm for a particular fleet. The appropriate category listed below must be used:
    a. Frequent: Likely to occur at least several times a year.
    b. Occasional: Likely to occur one or more times per year.
    c. Remote: Likely to occur one or more times in 10 years.
    d. Improbable: Unlikely to occur in 10 years.”

    A panel of suitably qualified and experienced persons from the Tornado Force calculated the risk likelihood for the Tornado risk register based on this definition.

  • Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    The below Parliamentary question was asked by Angus Robertson on 2014-06-26.

    To ask the Secretary of State for Defence, which contracts with his Department worth over £50 million are behind schedule owing to the failure of suppliers to deliver to an agreed schedule; and in the case of each such contract, who the suppliers were.

    Mr Philip Dunne

    The Ministry of Defence currently has around 400 open contracts with a total value of more than £50 million. Current performance related information on each contract is not held centrally and could be provided only at disproportionate cost.

  • Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    The below Parliamentary question was asked by Angus Robertson on 2014-06-26.

    To ask the Secretary of State for Defence, how much of the £1.2 billion underspend in his Department’s equipment budget in 2012-13 arose as a result of programme slippage; what programmes were behind schedule; and for what reason those programmes were behind schedule.

    Mr Philip Dunne

    Our analysis of the £1.2 billion underspend in 2012-13 in our equipment programme shows that it has been caused by a combination of factors, including better than expected outcomes from contract negotiations; budget being allocated for risks that did not materialise; and the impact of programme slippage against plans.

    A detailed analysis of programme slippage by programme is not currently available, but further work to improve our detailed understanding of variations against planned spending patterns and the implications for project costs in future years is nearing completion.

    Due to our improved financial discipline the Treasury have allowed us to carry over in-year underspends into our future year budgets. The last National Audit Office Major Projects Report showed an 88% reduction in overall project delays.

    We now have the assurance of a stable and well managed budget and confidence that defence programmes are affordable and deliverable.

  • Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    Angus Robertson – 2014 Parliamentary Question to the Ministry of Defence

    The below Parliamentary question was asked by Angus Robertson on 2014-06-26.

    To ask the Secretary of State for Defence, with reference to the £72.3 billion allocated in the Defence and Equipment Plan 2013 supporting existing in-service equipment, how much of that allocation is devoted to (a) nuclear propulsion and (b) nuclear weapons.

    Mr Philip Dunne

    Of the £72.3 billion referred to in the 2013 Equipment Plan we plan to allocate to the support of in-service equipment over the next decade, £1.6 billion is for nuclear propulsion and £13.0 billion for maintaining the Trident Strategic Weapons System, including costs associated with the nuclear warhead.