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1675022
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Development Aid more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to the evidence by the Chancellor of the Exchequer to the House of Commons Treasury Select Committee on 29 November, why Official Development Assistance will remain at 0.5 per cent of gross national income for five successive years despite previous commitments by Ministers. more like this
tabling member printed
The Earl of Sandwich more like this
uin HL842 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-18more like thismore than 2023-12-18
answer text <p>The Government remains committed to returning to a target of spending 0.7% of GNI on ODA when, on a sustainable basis, the government is no longer borrowing for day-to-day spending and underlying debt is falling.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-18T13:56:57.227Zmore like thismore than 2023-12-18T13:56:57.227Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
2109
label Biography information for The Earl of Sandwich more like this
1675025
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Rents: Inflation more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to address challenges that may arise from the new methodology for assessing rental prices in inflation data. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL845 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-15more like thismore than 2023-12-15
answer text <p>The independent Office for National Statistics (ONS) is responsible for measuring rents and inflation. The government takes note of ONS’s plans to improve the measurement of rental prices.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-15T14:29:52.897Zmore like thismore than 2023-12-15T14:29:52.897Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1675042
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Central Bank Digital Currencies: Bank of England more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the risks and benefits of introducing the digital pound, including on financial stability. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL847 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-15more like thismore than 2023-12-15
answer text <p>HM Treasury and the Bank of England will conduct a full examination of the costs and benefits of introducing a digital pound, including an assessment of any potential financial stability impacts. This assessment will be made before any decision is taken.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-15T14:30:12.227Zmore like thismore than 2023-12-15T14:30:12.227Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1675105
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Migration: Forecasts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to page 31 of the Office for Budget Responsibility's publication entitled Economic and fiscal outlook- November 2023, published on 22 November 2023, whether his Department holds information on the assumptions underpinning the forecast of future net migration. more like this
tabling member constituency Harborough more like this
tabling member printed
Neil O'Brien more like this
uin 5057 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-12more like thismore than 2023-12-12
answer text <p>The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances and the underlying assumptions.</p><p> </p><p>In its November 2023 Economic and Fiscal Outlook, the OBR set out its forecast for net migration, and the assumptions it is based on. This is available here:</p><p> </p><p><a href="https://obr.uk/docs/dlm_uploads/E03004355_November-Economic-and-Fiscal-Outlook_Web-Accessible.pdf" target="_blank">CP 944 – Office for Budget Responsibility – Economic and fiscal outlook – November 2023 (obr.uk)</a></p> more like this
answering member constituency Grantham and Stamford more like this
answering member printed Gareth Davies more like this
question first answered
less than 2023-12-12T14:41:04.91Zmore like thismore than 2023-12-12T14:41:04.91Z
answering member
4850
label Biography information for Gareth Davies more like this
tabling member
4679
label Biography information for Neil O'Brien more like this
1674509
registered interest false more like this
date less than 2023-11-30more like thismore than 2023-11-30
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Debts: Cuba more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 22 November (HL158), why they agreed to defer Cuba’s debt repayments in 2021, how much the UK is owed by Cuba as a member of the Group of Creditors of Cuba, and when payment is expected. more like this
tabling member printed
Lord Blencathra more like this
uin HL754 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>As outlined in the answer to HL549, the Group of Creditors to Cuba (GCC), including the UK, agreed in 2021 to defer payments due under the 2015 Agreement. This was on the basis of the Republic of Cuba’s economic and financial situation and the Cuban Government’s efforts to support Cuban economic development in the context of Covid-19.</p><p> </p><p>The GCC and Cuba have confirmed their willingness to preserve the 2015 Agreement and commitment to ensure its full implementation. The GCC has not published the terms of implementation.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-07T16:06:21.933Zmore like thismore than 2023-12-07T16:06:21.933Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
497
label Biography information for Lord Blencathra more like this
1674182
registered interest false more like this
date less than 2023-11-29more like thismore than 2023-11-29
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Cost of Living more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the Answer of 4 July 2023 to Question 191405 on Pay, if he will make an assessment of the potential implications for his policies on tackling the cost of living of the findings in the Competition and Markets Authority report entitled Price inflation and competition in food and grocery manufacturing and supply, published on 29 November 2023. more like this
tabling member constituency Cynon Valley more like this
tabling member printed
Beth Winter more like this
uin 4586 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-08more like thismore than 2023-12-08
answer text <p>Bringing down inflation remains a government priority. UK food price inflation has been driven largely by global factors including a spike in energy prices and international agricultural prices.</p><p> </p><p>However, UK food price inflation has already fallen from 19.6% in April 2023 to 10.1% in October 2023 and external forecasts expect it to continue to fall. Across the economy we have halved inflation from 10.7% in late 2022 down to 4.6% in October 2023.</p> more like this
answering member constituency Sevenoaks more like this
answering member printed Laura Trott more like this
question first answered
less than 2023-12-08T09:05:23.057Zmore like thismore than 2023-12-08T09:05:23.057Z
answering member
4780
label Biography information for Laura Trott more like this
tabling member
4809
label Biography information for Beth Winter more like this
1674228
registered interest false more like this
date less than 2023-11-29more like thismore than 2023-11-29
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Debts more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the risk of an increase in unaffordable consumer debt, including credit-card debt, in the new year. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL741 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-12more like thismore than 2023-12-12
answer text The Government regularly engages with the Bank of England, Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS) to monitor personal finances.<p> </p><p>The Government remains committed to helping people in problem debt access the support they need to get their finances back on track. This is why the Government continues to maintain record levels of debt advice funding for MaPS to provide debt advice in England, bringing their debt advice budget to £92.7 million in 2023/24.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-12T17:47:47.767Zmore like thismore than 2023-12-12T17:47:47.767Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1673806
registered interest false more like this
date less than 2023-11-28more like thismore than 2023-11-28
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Situation more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to sustain and increase economic confidence among consumers. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL683 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-08more like thismore than 2023-12-08
answer text <p>Consumer and business confidence is intrinsically linked to the broader economic outlook. To sustain consumer confidence, consumers need to feel assured that their government is taking the long-term decisions necessary to strengthen the economy and build a brighter future.</p><p>Promoting macroeconomic stability is central to the Government’s economic priorities. In January 2023 the Prime Minister set out three economic priorities: to halve inflation, grow the economy and reduce debt. Progress is being made against all three of these:</p><ul><li>Inflation is less than half its peak.</li><li>Economic growth has been resilient, and the economy is now expected to grow in every year of the forecast period, as assessed by the OBR in their recent forecast.</li><li>Debt is forecast to fall as a proportion of GDP over the medium term, with greater headroom than at Spring Budget 2023.</li></ul><p>Consumers are directly benefitting from the responsible approach taken to prioritising economic stability and making work pay. The cut in National Insurance contributions means the average worker on £35,400 will receive a tax cut in 2024-25 of over £450. From 1 April 2024, the National Living Wage (NLW) will increase by 9.8% to £11.44, representing an increase of over £1,800 to the annual earnings of a full-time worker on the NLW.</p>
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-08T09:54:35.49Zmore like thismore than 2023-12-08T09:54:35.49Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1673018
registered interest false more like this
date less than 2023-11-27more like thismore than 2023-11-27
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Lloyds Bank: Redundancy more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to recent reports concerning job cuts at Lloyd's Bank, what steps they are taking to address challenges in the financial sector and mitigate the impact on employees. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL635 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-08more like thismore than 2023-12-08
answer text <p>The government is committed to ensuring the continued global success of the financial services sector. At the Autumn Statement, the government set out further progress in delivering on the Edinburgh and Mansion House reforms, taking ambitious steps to increase the flow of capital going to our more promising growth companies whilst further enhancing the financial services regulatory environment.</p><p> </p><p>Decisions on how firms like Lloyds Banking Group manage their workforce is a commercial consideration for the firms themselves. However, this government is committed to creating the right environment for businesses to invest, expand, and increase the number of high-quality jobs for people and this remains at the centre of the government’s economic policy. For example, at the Autumn Statement the government announced that full expensing for qualifying business investments would be made permanent, giving the UK one of the most generous capital allowances regimes in the OECD on a net present value basis.</p><p> </p>
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2023-12-08T09:49:37.15Zmore like thismore than 2023-12-08T09:49:37.15Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this