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1715448

registered interest
date	01/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to (1) retain, and (2) attract, foreign financial firms and jobs in the UK.
tabling member printed	Lord Taylor of Warwick
uin	HL4309
answer	answer is ministerial correction date of answer 15/05/2024 answer text <p>Financial and related professional services employ more than 2 million people in the UK and the Government is committed to ensuring the UK remains the location of choice for top talent from across the world. This is part of the Government’s mission to ensure the UK retains its position as one of the most innovative and competitive financial centres in the world. Most recently, at Spring Budget 2024, the Chancellor updated on the ambitious package of reforms which will help to deliver the Government’s vision for a financial sector that is open, sustainable, technologically innovative, and globally competitive.</p> answering member printed Baroness Vere of Norbiton question first answered 15/05/2024 16:00:12 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1700474

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of potential trends in the level of inward investment due to British companies re-shoring their manufacturing in the next 12 months.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	21361
answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>The UK maintains its strong position on attracting greenfield FDI, leading in Europe and third only to the US and China globally. EY’s 2023 FDI survey reported 65% of respondents planning to invest in the UK in the following 12 months, a record high.</p><p> </p><p>A specific assessment around re-shoring cannot be made. The available data concerning inward investment does not distinguish reshoring from other forms of domestic investment.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 22/04/2024 12:41:40 answering member 4850 label Biography information for Gareth Davies
tabling member	4799 label Biography information for Charlotte Nichols

1697296

registered interest
date	19/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the announcement by the Chancellor of the Exchequer on 2 March concerning the requirement by 2027 for pension funds to disclose how much they invest in British businesses, what steps they are taking to assess the potential consequences on overall competitiveness and attractiveness of the UK as an investment destination.
tabling member printed	Lord Taylor of Warwick
uin	HL3426
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>The Chancellor announced at Spring Budget that the government will introduce new requirements for Defined Contribution pension funds to disclose publicly their level of UK equity investments, working closely with the Financial Conduct Authority (the FCA) who share responsibility for setting requirements for the market. The FCA will consult in the Spring. The government will introduce equivalent requirements for Local Government Pension Scheme funds in England &amp; Wales. The government will review what further action should be taken if the data does not demonstrate that UK equity allocations are increasing.</p><p> </p><p>This complements the wider reforms that the Government and regulators are already undertaking to boost UK markets.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 12:46:56 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1256018

registered interest
date	26/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to create a positive environment for investment in the UK after the end of the transition period on 31 December 2020.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	121245
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>The Government will maintain a competitive tax environment for business, ensuring the UK remains one of the most attractive places in the world to invest, start and grow a business.</p><p> </p><p>As part of this, last month the Government announced a year-long extension to the £1 million temporary cap of the Annual Investment Allowance (AIA). The AIA provides firms 100% same year tax relief on qualifying capital expenditure, up to a fixed limit; and it responds to the needs of business, providing further upfront support for investment in 2021.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/12/2020 16:35:24 answering member 3991 label Biography information for Jesse Norman
tabling member	4064 label Biography information for Mr Steve Baker