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1137076

registered interest
date	04/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance Companies: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to promote investment by the insurance industry into applied research, new technologies, and infrastructure; whether information about any such investments will be published on an annual basis; and if so, where.
tabling member printed	Lord Hunt of Chesterton
uin	HL16940
answer	answer is ministerial correction date of answer 17/07/2019 answer text <p>The treatment of infrastructure investment by insurance undertakings for the purposes of prudential regulation is set by the Solvency II Directive. In March 2019, the EU adopted new Solvency II rules to help insurers to invest in equity and private debt and to provide long-term capital financing. This means that insurers will be able to hold less capital for such investments and will therefore find such investments more attractive. The Government does not collect information about such investments, but individual insurance firms often include such details in their annual reports.</p><p><em> </em></p>The government provides competitive R&amp;D tax reliefs to support businesses to invest. Support for businesses through R&amp;D tax reliefs rose to £3.7 billion in 2015-16, up by almost a quarter from the previous year. The government is also carrying out the Infrastructure Finance Review, to support private infrastructure investment and ensure that infrastructure projects, including those using new technologies, are able to access the finance they need. The review will conclude alongside the National Infrastructure Strategy in the Autumn.<p> </p>In 2018, the UK Government provided £20m of ‘pioneer funding’ through the Next Generation Services Industrial Strategy Challenge Fund to explore how new technologies could transform the UK accountancy, insurance and legal services industries<p> </p> answering member printed Lord Young of Cookham question first answered 17/07/2019 16:31:26 answering member 57 label Biography information for Lord Young of Cookham
tabling member	2543 label Biography information for Lord Hunt of Chesterton

717915

registered interest
date	05/04/2017
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what data they collect regarding salaries and fees paid by government departments and agencies to professional engineers and scientists; and what assessment they have made of the comparison between these salaries and fees and those paid by government departments and agencies to financial and legal professionals.
tabling member printed	Lord Hunt of Chesterton
uin	HL6662
answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>Data on government scientist and engineer salaries are currently held by departmental HR teams. The data on salaries have not been collated centrally, and no such assessment has been made.</p><p> </p><p>In October 2016, the GSE profession published its five year plan. This includes an action plan on Reward and Recognition that will include comparison between departmental practices which will be taken forward by a cross-government working group. They will be working closely with the Cabinet Office Civil Service Employment &amp; Pay (CSEP) team, who will assist with the data collection involved and any benchmarking against industry and academia.</p> answering member printed Lord Young of Cookham question first answered 24/04/2017 13:27:38 answering member 57 label Biography information for Lord Young of Cookham
tabling member	2543 label Biography information for Lord Hunt of Chesterton

717916

registered interest
date	05/04/2017
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Pay
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 impact of the difference in salaries and fees between different professions on the number of professional engineering and science students choosing to work for government departments and agencies; and whether they intend to revise their policy in the light of that impact.
tabling member printed	Lord Hunt of Chesterton
uin	HL6663
answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>The government do not currently collect this information and so has not made an assessment of this kind.</p> answering member printed Lord Young of Cookham question first answered 24/04/2017 13:27:53 answering member 57 label Biography information for Lord Young of Cookham
tabling member	2543 label Biography information for Lord Hunt of Chesterton