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1685215

registered interest
date	25/01/2024
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	Piracy: Red Sea
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to support the manufacturing sector in the light of increased inflationary pressure as a result of supply disruptions in the Red Sea.
tabling member printed	Lord Taylor of Warwick
uin	HL1945
answer	answer is ministerial correction date of answer 07/02/2024 answer text <p>The Department is monitoring the situation closely, engaging with businesses, stakeholders and across government to identify and mitigate supply chain issues.</p><p> </p><p>In November 2023 my department published our Advanced Manufacturing Plan which included measures to support the resilience of the UK’s manufacturing supply chain. More recently we published our Critical Import and Supply Chain Strategy, which will help build secure and reliable supply chains vital to the UK economy – including in advanced manufacturing. The Advanced Manufacturing Plan and our Critical Import and Supply Chain Strategy also build on our semiconductor, battery and critical minerals strategies.</p> answering member printed Lord Johnson of Lainston question first answered 07/02/2024 13:19:14 answering member 4949 label Biography information for Lord Johnson of Lainston
tabling member	1796 label Biography information for Lord Taylor of Warwick

1490859

registered interest
date	19/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to provide an update on the progress of evaluating the potential benefits of a UK Central Bank Digital Currency.
tabling member printed	Lord Taylor of Warwick
uin	HL1945
answer	answer is ministerial correction date of answer 01/08/2022 answer text The UK, like many other countries globally, is actively exploring the potential role of Central Bank Digital Currencies. A range of factors motivate the exploratory work, which the Bank of England has explored in their discussion paper, including: improving access to central bank money; increasing the resilience of payments; and developing more efficient, cheaper payments.<p> </p><p>No decision has yet been made on the issuance of a CBDC, which would be a major national infrastructure project, however; as part of the process of research and exploration, HM Treasury and the Bank of England will publish a consultation later in 2022 setting out their assessment of the case for a UK CBDC, including the merits of further work to develop an operational and technology model for a UK CBDC.</p> answering member printed Baroness Penn question first answered 01/08/2022 14:09:14 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick