Asked by: Lord Benyon (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, for what reasons employees of the management company running the Atomic Weapons Establishment are considered private sector employees for the purpose of pensions but public sector employees for the purpose of the exit payment cap.
Answered by Elizabeth Truss
The exit payment cap will apply to organisations classified as within the public sector by the Office for National Statistics (ONS) with limited exceptions. As AWE [Atomic Weapons Establishment] Management Ltd is classified by the ONS as a public sector organisation it is within scope of the reforms.
Asked by: Lord Benyon (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much remains in the Libor fines fund; and whether any changes have been made to the criteria for charities to apply for monies from that fund.
Answered by David Gauke
https://www.the-fca.org.uk/markets/benchmarks/enforcement
All LIBOR fines received between 2012 and the end of the last parliament (May 2015) have been allocated. Details of LIBOR grants awarded in this parliament can be found at the following links:
pages 81 - 82.
pages 114 - 115.
pages 93 - 95.
2. In 2012, the former Chancellor announced that “the proceeds from LIBOR fines would be used to support Military and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values”. The Chancellor has invited applications that fall within the scope above for consideration at the Autumn Statement. Full details of the scheme can be found at the following link:
https://www.gov.uk/government/publications/libor-funding-applications
Asked by: Lord Benyon (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of personal allowance increases on those in work.
Answered by David Gauke
The Government has announced successive above inflation increases in the personal allowance this parliament, rising from £6,475 to £10,600 in April 2015 (an increase of 64%).
The increases in the personal allowance since 2010 will reduce income tax paid by typical basic rate taxpayers by £825.
These increases will also reduce income tax paid by someone working full time on the National Minimum Wage by £618.
To date (2014-2015) the increases have benefitted 26 million individuals.