Asked by: Lord Bassam of Brighton (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of what the cost to the UK Government of leaving the European Union will be in each year until 2039.
Answered by Lord Bates
The Government has today laid before Parliament a Written Ministerial Statement entitled “Exiting the European Union – publications” and published cross-Whitehall analysis of the economic and fiscal effects of leaving the EU. The fiscal impacts are available on p. 71-76 of this document, “EU Exit: Long-term economic analysis, November 2018”, which is available on Gov.uk and from the Printed Paper Office.
Asked by: Lord Bassam of Brighton (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what is their latest estimate of the number of families and children deprived of access to child benefit since the introduction of the two child limit in 2018; and what is the average annual loss of income per annum to each family affected.
Answered by Lord Bates
No families or children were deprived of access to Child Benefit as a result of the policy to provide support for a maximum of two children in Child Tax Credit and Universal Credit.
Asked by: Lord Bassam of Brighton (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of how many families who have been affected by the two-child benefit policy are using, or have used, food banks; and what estimate they have made of the saving to the Exchequer from that policy since its introduction.
Answered by Lord Bates
No estimate has been made of the use of food banks by families affected by the policy to provide support for a maximum of two children.
Estimates of the savings from the policy were published at the Spring Budget 2017 in table 2.2 (measures announced at Autumn Statement 2016 or earlier that take effect from April 2017 or later). The table shows annual savings of just under £2 billion by 2021-22.
Asked by: Lord Bassam of Brighton (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what steps they will take to ensure that the insurance industry will pass on to customers the majority of the £1.3 billion the impact assessment for the Civil Liability Bill estimates that industry will save.
Answered by Lord Bates
Her Majesty's Government will monitor the reaction of the sector to the reforms in the Civil Liability Bill and will regularly engage with them on how they are meeting their commitment.
Asked by: Lord Bassam of Brighton (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what provision they have made, or will make, for the loss to HMRC of £140 million per annum as estimated in the Impact Assessment to the Civil Liability Bill.
Answered by Lord Bates
The figure quoted in the Impact Assessment is a forecast based on a range of assumptions on the impact of the reforms.
In line with their statutory duties, the independent OBR includes the impact of government policy at the forecast following the policy’s announcement.
The Government makes decisions every year on tax, spending and borrowing taking into account such changes in forecasts.