1-20 of 52 results for primarymember:"Lord Hollick"
Librarians' tools
- Search time
- 0.27 seconds
- Solr query time
- 0.002 seconds
- Search query
- primarymember:"Lord Hollick"
- We searched for
- primaryMember_ses:301241
Type
House
Session
Year
Department
Member
More
Primary member
Answering member
More
Legislative stage
Legislation
Subject
More
Publisher
Lords motion to take note of the second report of the Industry and Regulators Committee on Who watches the watchdogs? Improving the performance, independence and accountability of UK Regulators (HL 56 2023-24). Agreed to on question.
Lords motion to take note of the second report of the Industry and Regulators Committee on Who watches the watchdogs? Improving the performance, independence and accountability of UK Regulators (HL 56 2023-24). Agreed to on question.
Lords motion to take note of the first report of the Industry and Regulators Committee on The affluent and the effluent: cleaning up failures in water and sewage regulation (HL 166). Agreed to on question.
Lords motion to take note of the first report of the Industry and Regulators Committee on The affluent and the effluent: cleaning up failures in water and sewage regulation (HL 166). Agreed to on question.
Lords motion to take note of the first report of the Industry and Regulators Committee on The net zero transformation: delivery, regulation and the consumer (HL 162 2021-22). Agreed to on question.
Lords motion to take note of the first report of the Industry and Regulators Committee on The net zero transformation: delivery, regulation and the consumer (HL 162 2021-22). Agreed to on question.
To ask Her Majesty's Government what criteria are applied by the Public Works Loan Board when a local authority seeks to borrow to acquire commercial property for investment purposes.
To ask Her Majesty's Government what criteria are applied by the Public Works Loan Board when a local authority seeks to borrow to acquire commercial property for investment purposes.
To ask Her Majesty's Government which ten local authorities borrowed the most from the Public Works Loan Board for investment in commercial properties in each of the financial years since and including 2014–15.
To ask Her Majesty's Government which ten local authorities borrowed the most from the Public Works Loan Board for investment in commercial properties in each of the financial years since and including 2014–15.
The Public Works Loans Board has no role in monitoring local authority activities. Under the prudential regime, decisions on borrowing are devolved to local authorities who are democratically accountable to their electorates. Information about the purpose of PWLB loans is not centrally held.” The Ministry of Housing, Communities and Local Government (MHCLG) has stewardship of the local government sector in England. Together with the Chartered Institute of Public Finance and Accountancy (CIPFA), they maintain the statutory guidance on local authority borrowing and investment. In light of changes in local authority borrowing and investment patterns, CIPFA and MHCLG updated the prudential code and statutory guidance in 2018.
To ask Her Majesty's Government what steps the Public Works Loan Board takes on an ongoing basis to monitor the commercial property investments acquired by local authorities and funded by the Public Works Loan Board.
To ask Her Majesty's Government what steps the Public Works Loan Board takes on an ongoing basis to monitor the commercial property investments acquired by local authorities and funded by the Public Works Loan Board.
To ask Her Majesty's Government whether there is an limit on loans which can be extended by the Public Works Loan Board to a local authority (1) in any one year, and (2) overall.
To ask Her Majesty's Government whether there is an limit on loans which can be extended by the Public Works Loan Board to a local authority (1) in any one year, and (2) overall.
The aggregate amount that may be outstanding in respect of commitments entered into by the Public Works Loan Board is limited, and this limit set out in section 4 (1) of the 1968 National Loans Act. Since December 2017, the limit has stood at £85 billion. There is no separate limit about lending amounts in any one year.
Local authorities are responsible for determining their own limits on the aggregate amount of borrowing that they may have outstanding. The statutory guidance on borrowing and investment was updated in 2018; the updated guidance introduced a new requirement for all English local authorities to set limits for gross debt compared to net service expenditure. Authorities which exceeded their self-assessed limits should, in accordance with the guidance, refrain from making further investments other than short term investments required for efficient treasury management.
To ask Her Majesty's Government what is the extent and nature of the due diligence undertaken by the Public Works Loan Board before extending loans to local authorities to acquire commercial property for investment purposes.
To ask Her Majesty's Government what is the extent and nature of the due diligence undertaken by the Public Works Loan Board before extending loans to local authorities to acquire commercial property for investment purposes.
To ask Her Majesty's Government what was the total amount of funding made available to local authorities to acquire commercial properties for investment purposes in each of the financial years since and including 2014–15 in (1) England, (2) Wales, (3) Scotland, and (4) Northern Ireland.
To ask Her Majesty's Government what was the total amount of funding made available to local authorities to acquire commercial properties for investment purposes in each of the financial years since and including 2014–15 in (1) England, (2) Wales, (3) Scotland, and (4) Northern Ireland.
In England, commercial property investments, like any other asset purchases are categorised as capital expenditure. The decision making process for all capital investment and funding including commercial property investments is devolved to each individual local authority. Central Government sets the framework which local authorities must operate within and it is designed to ensure that the capital expenditure plans of local authorities are affordable, prudent and sustainable.
No direct funding is made available to local authorities for commercial asset acquisitions from Central Government. If a local authority chooses to purchase commercial assets they will have to finance it using one of 3 potential sources. These are:
1. Capital receipts - Statute states that funds generated through the sale of assets must be used for the purchase of future assets or for the repayment of debt
2. Direct revenue transfers - Revenue funds can be used to fund capital expenditure
3. Borrowing - If borrowing is used the local authority must ensure that the amount borrowed is affordable by having regard to statutory guidance. This involves ensuring that all debt servicing costs are funded through available revenue resources.
Local authorities are not required to disclose how they have financed each capital investment, therefore, it is not possible to identify the mix sources that have been used to fund commercial property investments.
As local authority financing is a devolved matter, all questions about commercial property investments by local authorities in Scotland, Wales and Northern Ireland need to be addressed to the devolved administrations.
To ask Her Majesty's Government what assessment they have made of the report by Sally Masterton on alleged fraud and misrepresentation at Lloyds Banking Group; and what steps they intend to take to address the concerns raised in that report.
To ask Her Majesty's Government what assessment they have made of the report by Sally Masterton on alleged fraud and misrepresentation at Lloyds Banking Group; and what steps they intend to take to address the concerns raised in that report.
Internal Lloyds reports in relation to the Halifax Bank Of Scotland, Reading branch fraud should be passed to the independent Financial Conduct Authority and Lloyds Banking Group, both of which are conducting on-going investigations on this matter.
Lords motion to take note of the second report of the Economic Affairs Committee on The Price of Power: Reforming the Electricity Market (HL 113). Agreed to on question.
Lords motion to take note of the second report of the Economic Affairs Committee on The Price of Power: Reforming the Electricity Market (HL 113). Agreed to on question.
Lords motion to take note of the report of the Economic Affairs Committee on Building More Homes (HL 20). Agreed to on question.
Lords motion to take note of the report of the Economic Affairs Committee on Building More Homes (HL 20). Agreed to on question.
To ask Her Majesty’s Government whether, prior to the proceedings in the High Court, they received legal advice on the question of whether notification under Article 50 can be revoked after Article 50 has been invoked; and, if so, whether they will publish that advice.
To ask Her Majesty’s Government whether, prior to the proceedings in the High Court, they received legal advice on the question of whether notification under Article 50 can be revoked after Article 50 has been invoked; and, if so, whether they will publish that advice.
A clear majority of the UK electorate voted to leave the EU and we will respect the will of the people. As Government lawyers made clear in the High Court, the Government's position is that once given, our notification will not be withdrawn.
Our efforts will be focused on getting the best deal possible for the UK in the negotiations with the EU.
Lords motion to take note of the report of the Economic Affairs Committee on the Draft Finance Bill 2016 (HL 108). Agreed to on question
Lords motion to take note of the report of the Economic Affairs Committee on the Draft Finance Bill 2016 (HL 108). Agreed to on question
Lords motion to take note of the report of the Economic Affairs Committee on The Economic Case for HS2 (HL 134). Agreed to on question.
Lords motion to take note of the report of the Economic Affairs Committee on The Economic Case for HS2 (HL 134). Agreed to on question.
To ask Her Majesty’s Government, further to the Written Answer by Baroness Verma on 16 December 2013 (WA 152), whether they will quantify the level of return on EDF's investment in the Hinkley Point nuclear programme which they judge to be a fair return.[HL4691]
To ask Her Majesty’s Government, further to the Written Answer by Baroness Verma on 16 December 2013 (WA 152), whether they will quantify the level of return on EDF's investment in the Hinkley Point nuclear programme which they judge to be a fair return.[HL4691]
Should an investment contract be agreed for Hinkley Point C, it would be laid before Parliament subject to the redaction of confidential data in accordance with the provisions set out in the Energy Act. The Government also has committed to publish summaries of reports from expert technical and financial advisers, including a value for money assessment. This would include the extent to which the strike price would provide a reasonable return to the developer whilst being affordable and representing value for money.
To ask Her Majesty’s Government what estimate they have made of the return on equity likely to be made by EDF from the Hinkley Point nuclear programme.[HL3914]
To ask Her Majesty’s Government what estimate they have made of the return on equity likely to be made by EDF from the Hinkley Point nuclear programme.[HL3914]
We have reached an agreement with EDF which provides for a fair return to the developer whilst representing value for money to consumers.
To ask Her Majesty’s Government how many of the persons detained in 2012–13 under Schedule 7 to the Terrorism Act 2000 were determined, following their detention, to be involved in the commission, preparation or instigation of terrorism.[HL2206]
To ask Her Majesty’s Government how many of the persons detained in 2012–13 under Schedule 7 to the Terrorism Act 2000 were determined, following their detention, to be involved in the commission, preparation or instigation of terrorism.[HL2206]
In his annual report published in July 2013, the Independent Reviewer of Terrorism Legislation, David Anderson QC reported that 670 people were detained under Schedule 7 to the Terrorism Act 2000 in 2012-13. Absolute numbers of those people determined to be involved in terrorism,
or not involved, are unavailable. Those conclusive determinations may not be made for some time as terrorism investigations are typically long-running, and draw on a wide range of information including information derived from examinations under Schedule 7.
To ask Her Majesty’s Government how much has been spent on infrastructure projects in the current financial year, and how that figure compares with that in the previous financial year.
To ask Her Majesty’s Government how much has been spent on infrastructure projects in the current financial year, and how that figure compares with that in the previous financial year.
My Lords, we are spending more on infrastructure projects this year. Capital spending by the departments responsible for economic infrastructure—DfT, DECC and Defra—is increasing. The transport budget, for example, rises from £7.7 billion last year to £8 billion this year, then £8.7 billion next year and £8.9 billion in 2014-15, which is more than at any point under the last Government. This has been possible because the Government increased infrastructure spending by £10 billion over the past two Autumn Statements, increases which the Budget committed to making permanent, with a further £3 billion a year from 2015-16.
I thank the Minister for that Answer. However, the Office for Budget Responsibility reported a rather different situation last week, when it announced that public sector net investment would fall by 34%, from £38.7 billion in 2010-11 to an estimated £25.5 billion in the current year, 2012-13. The OBR also forecast that, taking into account all the measures so far announced, including those announced in the Budget last week, there would be zero growth in infrastructure spend between now and 2017-18. Will the Minister please explain why these measures have failed, and continue to fail, to boost overall infrastructure investment, and which additional measures he plans to introduce to improve the dire forecast for the next five years?
I thank the Minister for that Answer. However, the Office for Budget Responsibility reported a rather different situation last week, when it announced that public sector net investment would fall by 34%, from £38.7 billion in 2010-11 to an estimated £25.5 billion in the current year, 2012-13. The OBR also forecast that, taking into account all the measures so far announced, including those announced in the Budget last week, there would be zero growth in infrastructure spend between now and 2017-18. Will the Minister please explain why these measures have failed, and continue to fail, to boost overall infrastructure investment, and which additional measures he plans to introduce to improve the dire forecast for the next five years?
My Lords, first, it is necessary to clear up the numbers. There is a significant difference between public investment numbers and investment in infrastructure. Public investment includes huge investments in health and in defence, so there is a significant difference there. Also, if you look at the national infrastructure plan, you see that approximately 80% of the investment that we expect over the next 15 years in fact comes from the private markets and not from public capital expenditure.