1-20 of 218 results for subject:LIBOR
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To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that charities are able to bid more effectively and transparently for any future allocation of funding from Libor fines.
To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that charities are able to bid more effectively and transparently for any future allocation of funding from Libor fines.
The governance of LIBOR Grants complies fully with the mandated requirements of the ‘Minimum Standards for Government Grants’ which came into force on 1st December 2016. The details of any future LIBOR grants scheme open for public application will be published on the gov.uk website and advertised widely through social media and across the charity sector. All applications that meet the published criteria will be considered fully.
No funds from Libor fines were allocated in the Spring Budget 2017 due to insufficient time being available between the Autumn Statement 2016 and the Budget, in which to conduct mandated due diligence on the significant number of applications anticipated.
To ask Mr Chancellor of the Exchequer, for what reasons no funds from Libor fines were allocated in the Spring Budget 2017.
To ask Mr Chancellor of the Exchequer, for what reasons no funds from Libor fines were allocated in the Spring Budget 2017.
The governance of LIBOR Grants complies fully with the mandated requirements of the ‘Minimum Standards for Government Grants’ which came into force on 1st December 2016. The details of any future LIBOR grants scheme open for public application will be published on the gov.uk website and advertised widely through social media and across the charity sector. All applications that meet the published criteria will be considered fully.
No funds from Libor fines were allocated in the Spring Budget 2017 due to insufficient time being available between the Autumn Statement 2016 and the Budget, in which to conduct mandated due diligence on the significant number of applications anticipated.
To ask Mr Chancellor of the Exchequer, whether his Department has any further funds from Libor fines to allocate in the March 2017 Budget.
To ask Mr Chancellor of the Exchequer, whether his Department has any further funds from Libor fines to allocate in the March 2017 Budget.
There is currently no intention to conduct a public application process for LIBOR funds, for allocation in the March 2017 Budget.
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 December 2016 to Question 56783, if he will publish the eligibility criteria for applying for funding from LIBOR fines for military charities.
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 December 2016 to Question 56783, if he will publish the eligibility criteria for applying for funding from LIBOR fines for military charities.
The commitment of LIBOR fines to 'support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values’ is subject to a robust governance process. This utilises grant making experts, the Charity Commission and the Government New Grants Advice Panel (NGAP) to ensure that appropriate due diligence is conducted on all applications for support. In addition the grant team consult relevant Government Departments and other Grant Making Bodies, such as The Heritage Lottery Fund.
This process satisfies the mandated requirements of the ‘Minimum Standards for Government Grants’ which were introduced following the report in to The Kids Company by the Parliamentary Public Administration and Constitutional Affairs Committee (PACAC), which came into force on 1st December 2016. Each application is considered both on its individual merits and holistically for any impact across its particular sector. Once this process is complete, the assessment overview is passed to the Treasury and matched against the available funding, prior to final endorsement by both the Chief Secretary to the Treasury and the Chancellor of Exchequer.
The eligibility criteria for applying for funding was published on the GOV.UK website on 23 August 2016 and is repeated below:
‘to support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values.’
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 December 2016 to Question 56783, how decisions on the allocation of monies from LIBOR fines between facilities based at MoD sites, MoD events and registered charities were made; and who in his Department was responsible for those...
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 December 2016 to Question 56783, how decisions on the allocation of monies from LIBOR fines between facilities based at MoD sites, MoD events and registered charities were made; and who in his Department was responsible for those...
The commitment of LIBOR fines to 'support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values’ is subject to a robust governance process. This utilises grant making experts, the Charity Commission and the Government New Grants Advice Panel (NGAP) to ensure that appropriate due diligence is conducted on all applications for support. In addition the grant team consult relevant Government Departments and other Grant Making Bodies, such as The Heritage Lottery Fund.
This process satisfies the mandated requirements of the ‘Minimum Standards for Government Grants’ which were introduced following the report in to The Kids Company by the Parliamentary Public Administration and Constitutional Affairs Committee (PACAC), which came into force on 1st December 2016. Each application is considered both on its individual merits and holistically for any impact across its particular sector. Once this process is complete, the assessment overview is passed to the Treasury and matched against the available funding, prior to final endorsement by both the Chief Secretary to the Treasury and the Chancellor of Exchequer.
The eligibility criteria for applying for funding was published on the GOV.UK website on 23 August 2016 and is repeated below:
‘to support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values.’
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 December 2016 to Question 56592, on LIBOR: fines, how much the Government has collected in fines in each year since 2012; and how much of those fines has been provided to charities and related good causes in...
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 December 2016 to Question 56592, on LIBOR: fines, how much the Government has collected in fines in each year since 2012; and how much of those fines has been provided to charities and related good causes in...
1. The following table outlines the LIBOR receipts and commitments to Armed Forces and Emergency Services Charities and other related good causes since 2012:
Financial Year | Receipts (£m) | Commitments (£m)1 |
12/13 | 307 | 462 |
13/14 | 119 | |
14/15 | 36 | |
15/16 | 511 | 145 |
16/17 | - | 3162 |
Total | 973 | 923 |
- The figures above refer to grants committed, vice paid, as many grants are multi-year.
- This includes £200m committed by the former Prime Minister for Apprenticeships.
To ask Mr Chancellor of the Exchequer, with reference to his Department's announcement in 2012 on the proceeds from LIBOR fines to be used to support charities and related good causes, how much the Government has collected in such fines since 2012; and how much of that money has been...
To ask Mr Chancellor of the Exchequer, with reference to his Department's announcement in 2012 on the proceeds from LIBOR fines to be used to support charities and related good causes, how much the Government has collected in such fines since 2012; and how much of that money has been...
Since 2012, the Financial Conduct Authority (FCA) has transferred £973 million of LIBOR fines to the Treasury, of which £723 million has been committed to Armed Forces and Emergency Service charities and other related good causes. A further £200 million has been committed towards supporting Apprenticeships.
Lords motion to take note of the economy in the light of the Autumn Statement. Agreed to on question.
Lords motion to take note of the economy in the light of the Autumn Statement. Agreed to on question.
My Lords, I want to focus on the housing aspects of the Autumn Statement and I declare an interest as chair of the National Housing Federation, the trade body for England’s housing associations. The Autumn Statement contained a clear and welcome commitment to increasing the supply of affordable housing. As...
My Lords, I want to focus on the housing aspects of the Autumn Statement and I declare an interest as chair of the National Housing Federation, the trade body for England’s housing associations. The Autumn Statement contained a clear and welcome commitment to increasing the supply of affordable housing. As...
My Lords, supporters of Brexit have attacked the Chancellor’s Statement as being too pessimistic. I believe that it may be too optimistic, mainly because of the political background.
Suppose it begins to dawn on markets and investors that we are likely to end up in 2019 with a hard Brexit, outside...
My Lords, supporters of Brexit have attacked the Chancellor’s Statement as being too pessimistic. I believe that it may be too optimistic, mainly because of the political background.
Suppose it begins to dawn on markets and investors that we are likely to end up in 2019 with a hard Brexit, outside...
My Lords, I thank the Minister for the very thoughtful way in which he introduced this debate. I propose to concentrate on his second theme—productivity—and in particular on the role that enhanced investment in research and innovation may play. I declare my own interests as professor of surgery at University...
My Lords, I thank the Minister for the very thoughtful way in which he introduced this debate. I propose to concentrate on his second theme—productivity—and in particular on the role that enhanced investment in research and innovation may play. I declare my own interests as professor of surgery at University...
My Lords, this has been an interesting debate, thoughtfully started by my noble friend Lord Young of Cookham. He declared that he was a reformed character. Not too much reformed, I am glad to say—as we saw, he still retains his sense of humour and his remarkable stamina. He has...
My Lords, this has been an interesting debate, thoughtfully started by my noble friend Lord Young of Cookham. He declared that he was a reformed character. Not too much reformed, I am glad to say—as we saw, he still retains his sense of humour and his remarkable stamina. He has...
My Lords, the Chancellor’s Autumn Statement is invariably delivered in optimistic and upbeat language. Its customary hyperbole serves to divert attention from the substantive contents of the message, which may be unwelcome and unpalatable.
In reality, our economic circumstances are parlous. The Government’s budget deficit has persisted, and the deficit in...
My Lords, the Chancellor’s Autumn Statement is invariably delivered in optimistic and upbeat language. Its customary hyperbole serves to divert attention from the substantive contents of the message, which may be unwelcome and unpalatable.
In reality, our economic circumstances are parlous. The Government’s budget deficit has persisted, and the deficit in...
My Lords, I echo my noble friend Lord Horam’s remarks: what a pleasure it is to see my noble friend Lord Young of Cookham—which is the neighbouring village to Hurley—at the Dispatch Box for this marathon debate. I begin by commending the direction of travel for policy-making set out by...
My Lords, I echo my noble friend Lord Horam’s remarks: what a pleasure it is to see my noble friend Lord Young of Cookham—which is the neighbouring village to Hurley—at the Dispatch Box for this marathon debate. I begin by commending the direction of travel for policy-making set out by...
My Lords, I very much appreciated my noble friend Lord Livermore’s surgical consideration of government policy and I recollect the monumental presence of the noble Lord, Lord Young of Cookham, in the other place. He always obtained his legislation. I recollect countless squash matches with the noble Lord, Lord Horam,...
My Lords, I very much appreciated my noble friend Lord Livermore’s surgical consideration of government policy and I recollect the monumental presence of the noble Lord, Lord Young of Cookham, in the other place. He always obtained his legislation. I recollect countless squash matches with the noble Lord, Lord Horam,...
My Lords, it may be that future economic historians will single out the new industrial strategy element in the Chancellor’s Autumn Statement as its most enduring and significant ingredient. I hope so, but my hope is tempered somewhat. Why is that? It is because we have form as an industrial...
My Lords, it may be that future economic historians will single out the new industrial strategy element in the Chancellor’s Autumn Statement as its most enduring and significant ingredient. I hope so, but my hope is tempered somewhat. Why is that? It is because we have form as an industrial...
My Lords, of all the things that can beset one when one is the 24th speaker, following the noble Lord, Lord Hennessy, is the worst that has happened to me. But I fully endorse what he has said: suspect all industrial strategies and suspect all looking for champions because the...
My Lords, of all the things that can beset one when one is the 24th speaker, following the noble Lord, Lord Hennessy, is the worst that has happened to me. But I fully endorse what he has said: suspect all industrial strategies and suspect all looking for champions because the...
My Lords, it is always a great pleasure to follow the noble Lord, Lord Desai. I will take up one or two things he said, but a preliminary question that occurred to me is: if the private sector is so flush with money, why is it not investing more of...
My Lords, it is always a great pleasure to follow the noble Lord, Lord Desai. I will take up one or two things he said, but a preliminary question that occurred to me is: if the private sector is so flush with money, why is it not investing more of...
My Lords, last week I ventured to the other place, which I found to be a somewhat noisy experience, to watch the Chancellor of the Exchequer give his Autumn Statement. He gave a measured and, I thought, very sobering account of the economic state of the nation, and without wishing...
My Lords, last week I ventured to the other place, which I found to be a somewhat noisy experience, to watch the Chancellor of the Exchequer give his Autumn Statement. He gave a measured and, I thought, very sobering account of the economic state of the nation, and without wishing...
My Lords, the Minister waxed eloquent about the growth in real wages, as he did about what he called our robust economy. His speech was full of optimism and good news, but that was not borne out by the analysis of the Office for Budget Responsibility. The confidence that the...
My Lords, the Minister waxed eloquent about the growth in real wages, as he did about what he called our robust economy. His speech was full of optimism and good news, but that was not borne out by the analysis of the Office for Budget Responsibility. The confidence that the...