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31 Mar 2008 : Column 658W—continued


Ipsos MORI

Mr. Pickles: To ask the Chancellor of the Exchequer what payments (a) his Department and (b) its agencies have made to Ipsos MORI in the last 24 months; and for what purposes. [193848]


31 Mar 2008 : Column 659W

Angela Eagle: The following Departments made payments to Ipsos MORI in the financial years 2005-06 and 2006-07.

£000
Department Purpose of expenditure 2005-06 2006-07

HMRC

Qualitative research; evaluations and surveys

1,137

1,004

NS and I

Monthly Customer Satisfaction Survey; subscriptions to the Personal Finance Journalist Survey and Corporate Image Survey; usability research on parts of the NS and I website; and running bespoke Omnibus questions used in a media campaign

469

52

ONS

Website surveys

21

28


Life Expectancy: Essex

Bob Spink: To ask the Chancellor of the Exchequer what recent estimate he has made of average life expectancy for (a) men and (b) women in (i) Castle Point constituency and (ii) Essex in (A) 1997 and (B) at the latest date for which figures are available. [197640]

Angela Eagle: The information requested falls within the responsibility of the National Statistician who has been asked to reply.

Letter from Jil Matheson, dated 31 March 2008:

Life Expectancy: Lancashire

Mr. Hoyle: To ask the Chancellor of the Exchequer what the average life expectancy is for (a) men and (b) women in (i) Chorley and (ii) Lancashire; and what it was in 1997. [197325]

Angela Eagle: The information requested falls within the responsibility of the National Statistician, who has been asked to reply.

Letter from Jil Matheson, dated 31 March 2008:


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Members: Correspondence

Mr. Winnick: To ask the Chancellor of the Exchequer when he will reply to the letter of 18 February 2008, from the hon. Member for Walsall North, regarding a constituent, ref: 4/31644/2008. [197933]

Angela Eagle: I have replied to my hon. Friend.

Mortgages

Danny Alexander: To ask the Chancellor of the Exchequer (1) what his estimate is of the number of people in mortgage arrears by (a) up to three months, (b) three to six months, (c) six to nine months and (d) nine to 12 months in each year since 1990, broken down by region; and what his estimate is of the cost to the Exchequer of paying 100 per cent. income support mortgage interest to all those eligible, under 60 years of age, who took out their mortage (i) before 2 October 1995 and (ii) after 2 October 1995 after eight weeks of the claim; [196542]

(2) what his estimate is of the cost to the Exchequer of paying 100 per cent. income support mortgage interest to all those eligible, under 60 years of age, who took out their mortage after 2nd October 1995 after (a) 12, (b) 14, (c) 16, (d) 18, (e) 20, (f) 22, (g) 24, (h) 26, (i) 28, (j) 30, (k) 32, (l) 34 and (m) 36 weeks of the claim; [196543]

(3) what recent estimate he has made of the average rate of interest charged on mortgages in the UK; [196760]

(4) what recent estimate he has made of the number of new mortgages sold in the UK worth (a) 0 to 10 per cent., (b) 11 to 20 per cent., (c) 21 to 30 per cent., (d) 31 to 40 per cent., (e) 41 to 50 per cent., (f) 51 to 60 per cent., (g) 61 to 70 per cent., (h) 71 to 80 per cent., (i) 81 to 90 per cent. and (j) more than 100 per cent. of the value of the property in each year since 1990, broken down by region. [196762]

Angela Eagle: According to figures published by the Bank of England, the average mortgage rate in January 2008 for existing mortgages was 5.88 per cent. and for new mortgages was 5.92 per cent.

The Government do not hold the other figures requested. The Council of Mortgage Lenders publishes a range of statistics on UK housing and mortgage markets, including the number of mortgages in arrears and the median loan to value ratio of loans for home purchase, available at:

Northern Rock: Consultants

Mr. Austin Mitchell: To ask the Chancellor of the Exchequer how much his Department has paid to external advisers for advice on Northern Rock in 2007-08; and how much has been paid to each such adviser. [175532]

Mr. Hoban: To ask the Chancellor of the Exchequer how much has been paid by his Department for legal advice on Northern Rock. [188855]


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Mr. Fallon: To ask the Chancellor of the Exchequer what fees have been paid by his Department for advice on Northern Rock to (a) Goldman Sachs and (b) Slaughter and May. [175652]

Angela Eagle [holding answer 7 January 2008]: As the Chancellor informed the chairs of the Treasury Committee and Public Accounts Committee on 11 October 2007, Northern Rock has indemnified the Treasury in respect of certain costs and expenses, including adviser costs. Slaughter and May have provided legal advice outside the scope of the indemnity. Fees of £139,000 have so far been paid for this advice.

Dr. Cable: To ask the Chancellor of the Exchequer if he will publish Goldman Sachs' assessment of his Department's plan to guarantee bonds for Northern Rock; and if he will make a statement. [178709]

Angela Eagle [holding answer 30 January 2008]: As the Chancellor of the Exchequer informed Parliament on 19 February 2008, Official Report, column 178, the Government will consider when and how the right information in relation to the Northern Rock situation should be put in the public domain.

Dr. Cable: To ask the Chancellor of the Exchequer what timescale has been identified for the repayment of loans advanced to Northern Rock; and if he will make a statement. [180033]

Angela Eagle: As set out in a written statement by the Chancellor of the Exchequer to Parliament on 18 March, one of the strategic priorities for Northern Rock is progressive repayment of the Bank of England loan and release of the Government guarantees over the next three to four years.

Richard Ottaway: To ask Mr Chancellor of the Exchequer whether Richard Branson's consortium for Northern Rock includes the Far Eastern Investment Corporation. [185712]

Angela Eagle: I refer the hon. Gentleman to the answer I gave on 5 February 2008, Official Report, column 1048.

Adam Price: To ask the Chancellor of the Exchequer whether the Government plan to underwrite the repayment of Northern Rock's entire subordinated debt. [187829]

Angela Eagle [holding answer 21 February 2008]: The Government have no plans to underwrite Northern Rock's subordinated debt. Holders of tier 1 and tier 2 capital instruments therefore remain at risk of loss ahead of the Bank of England and HM Treasury as providers of secured financial support to the company.

Dr. Cable: To ask the Chancellor of the Exchequer what estimate he has made of the cost of the advice provided to his Department by Goldman Sachs on Northern Rock; and if he will make a statement. [188250]


31 Mar 2008 : Column 662W

Mr. Hoban: To ask the Chancellor of the Exchequer how much has been paid by his Department to Goldman Sachs for its advice on Northern Rock. [188856]

Angela Eagle [holding answer 25 February 2008]: As the Chancellor informed the chairs of the Treasury Committee and Public Accounts Committee on 11 October 2007, Northern Rock has indemnified the Treasury in respect of certain costs and expenses, including advisor costs.

Adam Price: To ask the Chancellor of the Exchequer whether the Government plan to dispose of Northern Rock's Guernsey-based subsidiary, Northern Rock Guernsey Ltd., following nationalisation. [189887]

Mr. Drew: To ask the Chancellor of the Exchequer what corporate social responsibility standards Northern Rock will adopt while in temporary public ownership. [190549]

Mr. Hands: To ask the Chancellor of the Exchequer (1) what consideration he has given to the future of Northern Rock's Denmark subsidiary, Northern Rock Bank Danmark filial; and if he will make a statement; [190418]

(2) what his policy is on Northern Rock's approach to foreign exchange risk resulting from its deposits denominated in Danish Kroner; [190420]

(3) what discussions he has had with management at Northern Rock bank on the operation of the bank's Guernsey subsidiary. [194566]

Angela Eagle: During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from Government on commercial principles.

The company is developing a full business plan, and will submit the final business plan to HM Treasury for approval by the end of March.

Mr. Hands: To ask the Chancellor of the Exchequer whether Northern Rock's Denmark subsidiary, Northern Rock Bank Danmark filial is subject to orders made under the Banking (Special Provisions) Act 2008. [190417]

Angela Eagle: Northern Rock's business in Denmark operated as a branch. This branch was a legal part of Northern Rock plc and was therefore subject to the Transfer Order made under the Banking (Special Provisions) Act 2008 along with the rest of the company. This means that the branch was also taken into a period of temporary public ownership as part of Northern Rock plc with effect from 22 February 2008.

Mr. Hands: To ask the Chancellor of the Exchequer how many depositors there are at Northern Rock Bank Danmark filial; and what the value of its assets is. [190419]

Angela Eagle: During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from Government on commercial principles. It is a matter for the company's
31 Mar 2008 : Column 663W
management to release specific business updates or provide any required disclosures in their audited annual report and accounts.

Mr. Austin Mitchell: To ask the Chancellor of the Exchequer what the (a) dates of and (b) attendance at meetings between his Department and Goldman Sachs on the temporary public ownership of Northern Rock has been. [192983]

Angela Eagle: There were frequent meetings with our advisers throughout the period leading up to the decision to take Northern Rock into a period of temporary public ownership.

Mr. Meacher: To ask the Chancellor of the Exchequer how much he estimates his Department will pay to (a) lawyers and (b) bankers for advice concerning Northern Rock. [194241]

Angela Eagle: As the Chancellor informed the chairs of the Treasury Committee and Public Accounts Committee on 11 October 2007, Northern Rock has indemnified the Treasury in respect of certain costs and expenses, including advisor costs. Slaughter and May has provided legal advice outside the scope of the indemnity. Fees of £139,000 have so far been paid for this advice.

Northern Rock: Charitable Donations

Mr. Gray: To ask the Chancellor of the Exchequer what (a) charitable and (b) other donations had been committed by Northern Rock and remained unpaid at the entry into force of the Northern Rock plc Transfer Order 2008; and what plans the Board of Northern Rock has to honour such commitments. [195953]

Angela Eagle: During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from Government on commercial principles. It is a matter for the company's management to release specific business updates or provide any required disclosures in their annual report and accounts.

The company is developing a full business plan, and will submit the final business plan to HM Treasury for approval by the end of March.

As the Chancellor of Exchequer informed the House, the Northern Rock Foundation will be guaranteed a minimum income of £15 million per year in 2008, 2009 and 2010, and this will be paid directly by Northern Rock. The board of the company has also been asked to identify a viable long-term future for the foundation.

Northern Rock: Guernsey

Mr. Hands: To ask the Chancellor of the Exchequer what value of deposits in Northern Rock Bank (Guernsey) are from (a) Egypt, (b) South Africa and (c) Zimbabwe. [194569]

Angela Eagle [holding answer 14 March 2008]: During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from Government on commercial principles. It is a matter for the company's management to release specific business updates or provide any required disclosures in their annual report and accounts.


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