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1717203

registered interest
date	10/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Apprentices: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how much money (1) was raised by the apprenticeships levy, and (2) was passed onto the devolved nations from levy receipts, in each financial year since 2017–18.
tabling member printed	Lord Blunkett
uin	HL4557
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>Monthly receipts data for the Apprenticeship Levy is published by HM Revenue and Customs in their Tax and NIC Receipts publication which can be found online[1] at: <a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a></p><p>While the Apprenticeship Levy is UK wide, apprenticeship policy and spending is devolved. From FY2017-18 to FY2019-20, the devolved administrations received a population share of the Office for Budget Responsibility’s apprenticeship Levy forecast. Beyond 2019-20, the devolved administrations received funding through the Barnett formula in relation to English apprenticeship spending. The Block Grant Transparency publication which is available on GOV.UK sets out all Barnett consequentials generated at both departmental and programme level. It is for the devolved administrations to allocate their funding in devolved areas as they see fit, including investing in their skills programmes.</p><p> </p><p>[1] HM Revenue &amp; Customs (2024), <a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">HMRC tax receipts and National Insurance contributions for the UK</a></p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 11:42:03 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	395 label Biography information for Lord Blunkett

1717440

registered interest
date	13/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Labour Market: Databases
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the potential impact of unreliable labour market data on the accuracy of inflation forecasts and other economic indicators used for policy formulation.
tabling member printed	Lord Taylor of Warwick
uin	HL4605
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>Falling response rates have caused concern over the quality of Labour Force Survey (LFS) data and led to its suspension in October 2023. Following the return of the LFS in February, these figures are still volatile and, although the Office for National Statistics (ONS) expects to see improvements to survey quality following planned improvements, the estimates will continue to be badged as ‘official statistics in development’ until further review. The ONS recommends using a suite of labour market indicators alongside the LFS estimates.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:12:26 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1717441

registered interest
date	13/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stock Market
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the potential impact of the recent performance of the UK stock market on (1) investor confidence, and (2) economic recovery.
tabling member printed	Lord Taylor of Warwick
uin	HL4606
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>The Government does not comment on the day to day performance of the UK’s public markets.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:11:03 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1718605

registered interest
date	15/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to protect the use of cash in the purchasing of everyday goods and services.
tabling member printed	The Lord Bishop of St Albans
uin	HL4706
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>In recognition that cash continues to be used by millions of people across the UK, including those in vulnerable circumstances, the government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities.</p><p><strong> </strong></p><p>Following this legislation, the government published a Cash Access Policy Statement. This set out that the vast majority of people should be no further than 1 mile from access to cash deposit and withdrawal services in predominately urban areas, and no further than 3 miles in predominately rural areas. The FCA is required to have regard to this statement when exercising its access to cash powers.</p><p> </p><p>The government believes it should remain the choice of individual businesses as to whether to accept or decline any form of payment, including cash or card, based on their consideration of factors such as customer preference and cost. However, the government considers that its legislation will indirectly support cash acceptance in the wider economy, enabling businesses to continue accepting cash by ensuring they have reasonable access to deposit facilities.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:10:38 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4308 label Biography information for The Lord Bishop of St Albans

1718964

registered interest
date	16/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Sovereign Wealth Funds
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what consideration they have given to establishing a sovereign wealth fund, funded by surpluses generated from the commercial value of the use of NHS data sets, calculated at £5 billion per annum.
tabling member printed	Lord Scriven
uin	HL4745
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>The Government recognises the potential value that NHS data sets can generate and is committed to ensuring that the NHS realises a fair share of any value arising from data partnerships. To this end, the NHS's Value Sharing Framework outlines guiding principles to support this objective.</p><p>However, the Government has no plans to create a sovereign wealth fund predicated on the sale of access to NHS data. Rather, we continue to carefully explore the most effective ways to derive value from the use of health data for research purposes. This exploration is conducted with a focus on ensuring fair value for the NHS and upholding public trust.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 11:45:45 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4333 label Biography information for Lord Scriven

1718968

registered interest
date	16/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crown Estate Commissioners: Wales
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what discussions they have had with the Welsh Government about devolving the Crown Estate.
tabling member printed	Baroness Smith of Llanfaes
uin	HL4749
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>The UK Government has had no discussions with the Welsh Government on the devolving the Crown Estate, and has no plans to transfer responsibility of the Crown Estate to the Welsh Government.</p><p>The Crown Estate has played a significant role in attracting international investment into Wales to support the UK’s net zero target and will continue to do so through future leasing rounds for offshore wind developments, including floating wind projects in the Celtic Sea. They work closely with the Welsh Government and Natural Resources Wales in support of shared priorities, ensuring that these resources are sustainably managed for the long term</p><p><br>Introducing a new entity would fragment the market, complicate existing processes, and likely delay further development offshore, undermining investment in Welsh waters.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:10:54 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	5023 label Biography information for Baroness Smith of Llanfaes

1718972

registered interest
date	16/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Interest Rates
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) address, and (2) mitigate, any potential risks associated with falling interest rates; and what assessment they have made of the impact on (a) inflation, (b) consumer spending, (c) and financial market stability.
tabling member printed	Lord Taylor of Warwick
uin	HL4753
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC), so the Government rightly doesn’t comment on the conduct of monetary policy. The Government fully supports the MPC as it acts to return inflation to target.</p><p>The Financial Policy Committee (FPC) is responsible for identifying, monitoring and addressing systemic risks to the UK financial system. Its assessment of the resilience of the system is regularly communicated through the Financial Policy Summary and Record (published quarterly), and Financial Stability Report (published biannually).</p><p>The Government constantly monitors the UK economy’s performance and considers its impact on households and businesses.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:12:41 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1719190

registered interest
date	20/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Interest Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, in the light of the fluctuations in mortgage rates, what steps they are taking to ensure guidance and support is available to help homebuyers when deciding their mortgage options.
tabling member printed	Lord Taylor of Warwick
uin	HL4797
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>Those looking to take out a mortgage or remortgage are encouraged to shop around and speak to a broker to find the best possible product for them. Homeowners and prospective homeowners may also find it helpful to contact MoneyHelper, which has been set up by the Government to support consumers with comprehensive guidance for every stage of their financial lives.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 11:45:59 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1719882

registered interest
date	21/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether their commitment to spend 2.5 per cent of gross domestic product on defence by 2030 has been incorporated into the Treasury’s baseline budgets.
tabling member printed	Baroness Anderson of Stoke-on-Trent
uin	HL4805
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>The Prime Minister recently set out our pledge: to increase defence spending to 2.5% of GDP by 2030. That increase starts immediately, rising each year, and will see defence spending rise to £87 billion a year by 2030/31. This is the biggest strengthening of our defence since the Cold War.</p><p>The commitment will be fully funded, with no increases in borrowing or debt.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 11:45:12 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4508 label Biography information for Baroness Anderson of Stoke-on-Trent

1719908

registered interest
date	21/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU: Carbon Emissions
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to align the UK's carbon border tax with the EU's mechanism to ensure that the UK steel industry is not adversely affected by the delayed implementation.
tabling member printed	Lord Taylor of Warwick
uin	HL4831
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>A Carbon Border Adjustment Mechanism (CBAM) is a novel mechanism yet to be fully implemented anywhere in the world.</p><p>Implementation of the UK CBAM by 2027 will allow government to consult fully with those affected throughout the design and implementation phases. It will also give those affected in the UK and overseas more time to prepare for the changes and put appropriate processes in place with their supply chains to enable them to comply.</p><p>The effective EU CBAM charge will be introduced gradually from 2026 to 2034 to match their phase out of free allowances for sectors covered by the CBAM, including iron &amp; steel. In 2026, only a relatively small amount of the emissions embodied in CBAM goods will face the EU CBAM charge when they are imported to the EU.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 11:43:21 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick