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1144183

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March.
	tabling member printed	Lord Mendelsohn
	uin	HL17671
	answer	answer is ministerial correction date of answer 09/09/2019 answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. answering member printed The Earl of Courtown question first answered 09/09/2019 15:37:41 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4286 label Biography information for Lord Mendelsohn

1461109

	registered interest
	date	10/05/2022
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to encourage investment in businesses based in the (1) North East, (2) East Midlands, and (3) North West of England.
	tabling member printed	Lord Taylor of Warwick
	uin	HL111
	answer	answer is ministerial correction date of answer 23/05/2022 answer text <p>The £1.4bn Global Britain Investment Fund will drive investment in industries where the UK has both natural strengths and geographic spread. This includes in the automotive sector, which has regional clusters in the West Midlands, North West and North East; the life sciences sector, where currently two thirds of manufacturing jobs are already located outside of London and the South East; as well as the offshore wind sector, which is generating new investment in coastal communities in the North East and East of England as well as in Scotland and Wales.</p> answering member printed Lord Callanan question first answered 23/05/2022 11:34:55 answering member 4336 label Biography information for Lord Callanan
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1131491

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the report by KPMG 2018 Global CEO Outlook: UK, published on 11 June, in regard to business investment in the UK after Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL16285
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The report concluded that uncertainty had weakened CEOs’ confidence in their own country’s growth prospects since the 2017 report; which fell in 6 of the 11 top economies surveyed.</p><p>In the 2019 KPMG report, confidence in the UK economy improved and was matched in official statistics by a 0.5% expansion in business investment in the first quarter of 2019, according to the ONS ‘GDP first quarterly estimate’.</p><p> </p> answering member printed Lord Henley question first answered 19/06/2019 16:42:10 answering member 2616 label Biography information for Lord Henley
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1583138

	registered interest
	date	01/02/2023
	answering body	Department for Business and Trade
	answering dept id	214
	answering dept short name	Business and Trade
	answering dept sort name	Business and Trade
	hansard heading	Business: Investment
	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 impact of Brexit on investment in businesses.
	tabling member printed	Lord Taylor of Warwick
	uin	HL5344
	answer	answer is ministerial correction date of answer 09/02/2023 answer text <p>The Department has made no such assessment.</p> answering member printed Lord Callanan question first answered 09/02/2023 15:57:56 answering member 4336 label Biography information for Lord Callanan
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1342050

	registered interest
	date	29/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the levels of business investment for (1) the remainder of 2021, and (2) 2022.
	tabling member printed	Lord Hay of Ballyore
	uin	HL1527
	answer	answer is ministerial correction date of answer 12/07/2021 answer text <p>As well as addressing the immediate challenges of COVID-19, the Government recognises the importance of acting now to create the conditions for an investment-led recovery driven by private sector growth.</p><p> </p><p>Stimulating private sector investment will create jobs, drive innovation, and revitalise local areas and regions across the UK. This is central to the Government’s plan to secure a strong recovery and the Budget announced a package of measures to achieve this, including the new super-deduction to support business investment.</p><p> </p><p>The Office for National Statistics, as part of the Quarterly National Accounts, published revised outturn figures for business investment in Q1 2021. In real and seasonally-adjusted terms, business investment fell by 10.7 per cent (£5.4 billion) in Q1 2021 compared to the previous quarter, or by 16.9 per cent (£9.2 billion) compared to Q1 2020.</p><p>At Spring Budget 2021, the Office for Budget Responsibility (OBR), which produces forecasts on the economy and public finances, revised upwardly the medium-term business investment outlook, expecting a return to its pre-crisis level in Q2 2022.</p><p> </p><p>In the March 2021 Economic and Fiscal Outlook, the OBR highlighted the potential impact of the super deduction:</p><p> </p><p>“As a temporary measure, it provides companies with a very strong incentive to bring forward investment from future periods to take advantage of the temporarily much more generous allowances. We assume that at its peak in 2022-23, this will raise the level of business investment by around 10 per cent (equivalent to around £20 billion a year) as spending is brought forward.”</p> answering member printed Lord Agnew of Oulton question first answered 12/07/2021 15:29:48 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4352 label Biography information for Lord Hay of Ballyore