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1683576

registered interest
date	18/01/2024
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	Imports: Internet
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to their policy paper Critical Imports and Supply Chains Strategy, published on 17 January, what steps they are taking to establish the new online portal for businesses to report disruption affecting their imports; and what assessment they have made of the impact this will have on communication and coordination in relation to supply chain issues.
tabling member printed	Lord Taylor of Warwick
uin	HL1762
answer	answer is ministerial correction date of answer 30/01/2024 answer text <p>The Critical Imports and Supply Chains Strategy includes several actions to make it easier for businesses to share information on difficulties or disruptions they face importing critical goods. These include creating a new import barrier reporting mechanism and a new business/government Critical Imports Council. The Government is now working to establish both of these and we are confident they will both increase our understanding of the challenges businesses face and enhance business and government collaboration to tackle the issues and strengthen our critical supply chains.</p> answering member printed Lord Johnson of Lainston question first answered 30/01/2024 10:50:52 answering member 4949 label Biography information for Lord Johnson of Lainston
tabling member	1796 label Biography information for Lord Taylor of Warwick

1682838

registered interest
date	17/01/2024
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	Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to recent figures released by the Government Insolvency Service which found that 2002 companies were declared insolvent last month, what plans they have to support companies facing monetary challenges and mitigate the rise in insolvencies.
tabling member printed	Lord Taylor of Warwick
uin	HL1722
answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>While insolvencies have risen in absolute terms, when this is compared to the number of active firms in the economy, the proportion of liquidations is well below previous periods of high insolvency numbers. The Government continues to help businesses with measures such as the Energy Bills Discount Scheme; the frozen business rates multiplier for 2023/24 resulting in bills that were 6% lower; increased 75% business rates relief for retail, hospitality and leisure properties; £1.6bn Transitional Relief, protecting ratepayers facing bill increases and the Supporting Small Business scheme that provides over £500 million in support.</p> answering member printed Lord Offord of Garvel question first answered 31/01/2024 16:04:19 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1681743

registered interest
date	11/01/2024
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	Small Businesses: Government Assistance
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to support small firms struggling financially as a result of adverse economic conditions.
tabling member printed	Lord Taylor of Warwick
uin	HL1540
answer	answer is ministerial correction date of answer 23/01/2024 answer text <p>Small and medium sized businesses are the backbone of our economy, driving economic growth. The Department for Business and Trade continues to deliver over 40 support schemes that help businesses start, grow and export. At the Autumn Statement, my Rt Hon Friend the Chancellor announced further support for SMEs over the next five years. This support can be accessed through local Growth Hubs, Help to Grow and a dedicated Business Support Helpline. In addition, The British Business Bank improves access to finance to help businesses invest and grow. It currently supports over £12.<ins class="ministerial">4</ins><del class="ministerial">2</del>bn of finance to over 9<ins class="ministerial">0</ins><del class="ministerial">6</del>,000 <ins class="ministerial">businesses</ins><del class="ministerial">SMEs</del>.</p> answering member printed Lord Offord of Garvel question first answered 23/01/2024 17:07:40 question first ministerially corrected 09/02/2024 12:23:39 answering member 4931 label Biography information for Lord Offord of Garvel previous answer version 13163 answering member printed Lord Offord of Garvel answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1681395

registered interest
date	10/01/2024
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	Manufacturing Industries
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to strengthen the UK's advantages as a location for manufacturing operations.
tabling member printed	Lord Taylor of Warwick
uin	HL1483
answer	answer is ministerial correction date of answer 25/01/2024 answer text <p>UK is a strong global hub for advanced and technology-driven manufacturing, with the fastest productivity growth in the G7 between 2010-2021 overtaking France to become the world’s 8<sup>th </sup>largest manufacturing nation.</p><p> </p><p>The Advanced Manufacturing Plan, provides a package of measures to make UK manufacturing even more competitive, including: a £4.5bn package to 2030, tax cuts, business environment measures and initiatives to increase resilience including the UK Battery Strategy.</p><p> </p><p>The plan builds on significant recent successes, including Tata’s investment of over £4 billion in a new 40 GWh gigafactory, and a £2 billion Nissan led investment to produce electric vehicles in Sunderland.</p> answering member printed Lord Johnson of Lainston question first answered 25/01/2024 16:54:13 answering member 4949 label Biography information for Lord Johnson of Lainston
tabling member	1796 label Biography information for Lord Taylor of Warwick

1677592

registered interest
date	12/12/2023
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: Equality
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking (1) to address the underrepresentation of women, and (2) to increase diversity, in top corporate leadership roles.
tabling member printed	Lord Taylor of Warwick
uin	HL1121
answer	answer is ministerial correction date of answer 28/12/2023 answer text <p>This Government is committed to diversifying representation up to, and including, top corporate leadership roles. Such as announcing increases in childcare provision and extending flexible working to all, we have backed a number of leadership-specific Reviews, including the FTSE Women Leaders Review.</p><p>The latest reporting shows that the FTSE350 now has 40.2% women on boards, and 33.5% women in key senior leadership roles – marked progress from when the Review began in 2011 when there were only 9% women on boards in the FTSE 250 and 12% in the FTSE 100.</p> answering member printed Lord Johnson of Lainston question first answered 28/12/2023 16:23:29 answering member 4949 label Biography information for Lord Johnson of Lainston
tabling member	1796 label Biography information for Lord Taylor of Warwick

1676841

registered interest
date	11/12/2023
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: Recruitment
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, following recent reports that starting salaries in Britain have risen at their slowest pace in nearly three years, what steps they are taking to support businesses in maintaining competitive compensation to attract new employees.
tabling member printed	Lord Taylor of Warwick
uin	HL1083
answer	answer is ministerial correction date of answer 27/12/2023 answer text <p>Starting salaries are contractual arrangements between employers and their staff. Workers must be paid at least the National Living Wage / National Minimum Wage for the hours they work. On 1 April 2024, the government will increase the National Living Wage for workers aged 21 years and over by 9.8% to £11.44 an hour. The government recently announced a significant package of support for UK businesses, including business rates support worth £4.3 billion over the next 5 years, targeting support at those who need it most.</p> answering member printed Lord Offord of Garvel question first answered 27/12/2023 12:24:56 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1675719

registered interest
date	05/12/2023
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	Economic Growth
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have, if any, to alter trade policy to enhance economic growth, further to the recommendations made in the final report of the Economy 2030 inquiry, Ending Stagnation: A New Economic Strategy for Britain, published by the Resolution Foundation on 4 December.
tabling member printed	Lord Taylor of Warwick
uin	HL886
answer	answer is ministerial correction date of answer 19/12/2023 answer text <p>The Government notes the report and is already working to deliver economic growth through our trade strategy. We are opening markets through trade agreements and bilateral relationships, protecting UK business, and working to strengthen the World Trade Organisation and global rulebook. We are focused on deepening economic relationships with high-growth countries and providing businesses with the right foundations to drive growth and raise living standards. Noting the recommendation on services, we continue to negotiate ambitious commitments in Free Trade Agreements to remove barriers to services trade, provide greater choice, innovation, competition, and deliver meaningful benefits to UK businesses and consumers.</p> answering member printed Lord Offord of Garvel question first answered 19/12/2023 14:53:22 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1675720

registered interest
date	05/12/2023
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: Artificial Intelligence
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to assess the benefits, challenges and regulatory considerations of the potential integration of artificial intelligence in auditing practice within firms.
tabling member printed	Lord Taylor of Warwick
uin	HL887
answer	answer is ministerial correction date of answer 19/12/2023 answer text <p>The Financial Reporting Council has conducted outreach with its regulated communities, establishing a Technology &amp; Digital Steering Group, publishing work on the use of technology and committing to “promote improvement and innovation”. Overall, its view is that use of artificial intelligence and machine learning tools by those for which it has regulatory responsibility presents potential opportunities for quality improvements, though there are risks which require mitigation. The FRC continues to work on initiatives to support the safe use of these tools by audit firms, based on the principles in the Government's March 2023 white paper, “AI regulation: a pro-innovation approach”.</p> answering member printed Lord Offord of Garvel question first answered 19/12/2023 14:54:05 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1674535

registered interest
date	30/11/2023
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	Supermarkets: Prices
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 supermarket loyalty schemes on price transparency and affordability for consumers.
tabling member printed	Lord Taylor of Warwick
uin	HL780
answer	answer is ministerial correction date of answer 14/12/2023 answer text <p>The Competition and Markets Authority (CMA) are beginning a review into the use of loyalty scheme pricing by supermarkets in early 2024.</p> answering member printed Lord Offord of Garvel question first answered 14/12/2023 17:52:36 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1674537

registered interest
date	30/11/2023
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	Motor Vehicles: Manufacturing Industries
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to facilitate knowledge transfer between academia and the automotive industry to integrate artificial intelligence into mainstream vehicle manufacturing.
tabling member printed	Lord Taylor of Warwick
uin	HL782
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>1000 jobs were announced at the Summit and work is now underway to deliver a strong legacy from it, with more investments expected as a result, including follow up activity such as the No. 10 hosted venture capital roundtable, aimed at encouraging venture capital investment into Northern Ireland. We also offered support for Joe Kennedy III’s incoming mission to Northern Ireland in October 2023 (US Special Economic Envoy to Northern Ireland).</p> answering member printed Lord Johnson of Lainston question first answered 13/12/2023 12:55:44 answering member 4949 label Biography information for Lord Johnson of Lainston
tabling member	1796 label Biography information for Lord Taylor of Warwick