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1678748

registered interest
date	18/12/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Energy: Prices
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what measures they are implementing to alleviate the financial burden of energy bills on struggling households, while ensuring the energy market stays resilient.
tabling member printed	Lord Taylor of Warwick
uin	HL1307
answer	answer is ministerial correction date of answer 21/12/2023 answer text <p>The Government is continuing to support those most in need, with millions of vulnerable households receiving up to £900 in further Cost of Living Payments. This is in addition to support available to low-income and vulnerable households, including £250 - £600 through the Winter Fuel Payment and an annual rebate of £150 off their energy bills through the Warm Home Discount.</p><p> </p><p>Energy prices have also significantly fallen in the past year alone and the Q1 2024 price cap of £1,928 has more than halved compared to Q1 2023 when the price cap peaked at £4,279.</p> answering member printed Lord Callanan question first answered 21/12/2023 10:01:20 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick

1678749

registered interest
date	18/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of reports of increasing consumer confidence and economic recovery in the coming months, as indicated by (1) the S&P Global/Cips Flash UK PMI composite output index, and (2) GfK’s Consumer Confidence Index, both published on 15 December; and what steps they are taking to support this.
tabling member printed	Lord Taylor of Warwick
uin	HL1308
answer	answer is ministerial correction date of answer 21/12/2023 answer text <p>Consumer confidence, as measured by GfK, reached a 3-month high in December, and its second-highest level since January 2022. The flash composite PMI for December rose to a six-month high.</p><p> </p><p>To sustain consumer and business confidence, consumers and businesses need to feel assured that their government is taking the long-term decisions necessary to strengthen the economy, promote macroeconomic stability, and build a brighter future.</p><p> </p><p>In January 2023 the Prime Minister set out three economic priorities: to halve inflation, grow the economy and reduce debt. Progress is being made against all three of these.</p><p> </p><p>Consumers are directly benefitting from the responsible approach taken to prioritise economic stability and make work pay. The cut in National Insurance contributions means the average worker on £35,400 will receive a tax cut in 2024-25 of over £450. From 1 April 2024, the National Living Wage (NLW) will increase by 9.8% to £11.44, representing an increase of over £1,800 to the annual earnings of a full-time worker on the NLW.</p><p> </p><p>The Autumn Statement included an ambitious package of measures to unlock business investment. Permanent full expensing, worth over £10 billion a year, is the biggest business tax cut in modern British history. The OBR expect it to unlock an additional £14 billion of investment over the forecast period. Together with submitted plans for investment in regulated utilities, the Autumn Statement measures could raise business investment by around £20 billion per year in a decade’s time.</p> answering member printed Baroness Vere of Norbiton question first answered 21/12/2023 10:18:44 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1678313

registered interest
date	14/12/2023
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Private Rented Housing: Cost of Living
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 current rental market; and what steps they are taking to support tenants facing financial challenges.
tabling member printed	Lord Taylor of Warwick
uin	HL1237
answer	answer is ministerial correction date of answer 20/12/2023 answer text <p>The proportion of private rented sector households has remained relatively stable for nearly a decade.</p><p>We continue to support households with the cost of living, providing support worth £104 billion over 2022-25, or £3,700 per household on average. From April 2024, we are investing £1.2 billion to restore Local Housing Allowance rates to the 30th percentile of local market rents. Individuals who need further help to make their rent payments may be eligible for a range of financial support through the welfare system.</p> answering member printed Baroness Penn question first answered 20/12/2023 12:38:12 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick

1678314

registered interest
date	14/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Growth
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to data released by the Office for National Statistics on 13 December showing that the economy shrank by more than expected in October, what steps they are taking to boost economic activity.
tabling member printed	Lord Taylor of Warwick
uin	HL1238
answer	answer is ministerial correction date of answer 21/12/2023 answer text <p>The government has consistently backed the UK’s growth potential and is meeting the PM’s pledge to grow the economy without fuelling inflation and providing the foundation to get debt falling. The CX announced a major growth package at Spring Budget 2023 and the Autumn Statement built on this, with measures to boost economic activity. The combined impact of the Autumn and Spring policy packages is a permanent 0.5% increase in the level of potential output by the end of the OBR’s forecast and an increase in the number of people in work by around 200,000 by the end of the forecast. The measures could also boost business investment by around £20 billion per year in a decade's time.</p><p> </p><p>Key measures include:</p><ul><li>the largest ever cut to employee and self-employed National Insurance – a tax cut worth over £9bn per year</li><li>a new offer of 30 hours free childcare for eligible working parents, part of the comprehensive £7 billion employment package at Spring Budget 2023 and, building on this at Autumn Statement 2023, a Back to Work Plan, supported by over £2.5 billion in funding over the next five years to help people look for and stay in work, manage their health conditions, and stem the flow into sickness related inactivity</li><li>making full expensing permanent, the biggest business tax cut over a 5 year period in modern British history – worth over £10bn a year</li><li>removing barriers to business investment, for example by reforming our inefficient planning system, and catalysing the UK’s growth industries of the future, for example by making £4.5bn available for strategic manufacturing sectors over five years.</li></ul><p> </p> answering member printed Baroness Vere of Norbiton question first answered 21/12/2023 10:17:21 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1678315

registered interest
date	14/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Trade
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of whether to align new rules on reducing settlement times for trades with the United States or the European Union.
tabling member printed	Lord Taylor of Warwick
uin	HL1239
answer	answer is ministerial correction date of answer 21/12/2023 answer text <p>In December 2022 the Chancellor established the ‘Accelerated Settlement Taskforce’. This industry taskforce will examine the case for trades to be settled more quickly in the UK, such as moving to a ‘T+1’ standard settlement period. The full terms of reference can be found on gov.uk<sup><sup>[1]</sup></sup>. The government looks forward to receiving the taskforce’s recommendations and setting out its next steps as appropriate.</p><p> </p><p>[1] <a href="https://www.gov.uk/government/publications/accelerated-settlement-taskforce" target="_blank">https://www.gov.uk/government/publications/accelerated-settlement-taskforce</a></p> answering member printed Baroness Vere of Norbiton question first answered 21/12/2023 10:10:57 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1677991

registered interest
date	13/12/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity Generation: Renewable Energy
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to ensure that the Eastern Green Link 1 project has maximum economic benefits, including job creation as mentioned in the National Grid's report Building the Net Zero Energy Workforce, published in January 2020.
tabling member printed	Lord Taylor of Warwick
uin	HL1192
answer	answer is ministerial correction date of answer 20/12/2023 answer text <p>The Government is committed to maximising economic benefits, including job creation, from all electricity network projects. To address emerging and future workforce demands across the economy, we will publish a Green Jobs Plan in the first half of 2024, which will include a focus on electricity networks.</p> answering member printed Lord Callanan question first answered 20/12/2023 09:33:49 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick

1677992

registered interest
date	13/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: Arrears
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to recent data from the Bank of England which showed that mortgage arrears are at their highest rate in six years, what steps they are taking to mitigate the negative impact on homeowners in light of the increased cost of living.
tabling member printed	Lord Taylor of Warwick
uin	HL1193
answer	answer is ministerial correction date of answer 21/12/2023 answer text <p>The pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers.</p><p> </p><p>The path to lower interest rates is through low inflation. The independent Monetary Policy Committee continues to have the Government’s full support as it takes action to return inflation to target. The Government’s Mortgage Charter – in addition to the significant safeguards already in place – is providing support to vulnerable households; and mortgage arrears and repossessions remain low.</p><p> </p><p>More broadly, the Government has taken decisive action to support households across the UK through the cost-of-living challenges, while remaining fiscally responsible. Overall, the Government is providing support worth over £104 billion over 2022-2023 to help households and individuals with the rising cost of living – an average of over £3,700 per UK household.</p> answering member printed Baroness Vere of Norbiton question first answered 21/12/2023 10:10:27 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1677993

registered interest
date	13/12/2023
answering body	Department for Environment, Food and Rural Affairs
answering dept id	13
answering dept short name	Environment, Food and Rural Affairs
answering dept sort name	Environment, Food and Rural Affairs
hansard heading	Flood Control
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to prepare for potential flooding in homes and business across the UK.
tabling member printed	Lord Taylor of Warwick
uin	HL1194
answer	answer is ministerial correction date of answer 20/12/2023 answer text <p>The Government announced in March 2020 a record £5.2 billion investment over 6 years in around 2,000 flood and coastal erosion schemes to better protect communities across England. This has already resulted in more than 35,000 properties being better protected since April 2021. This investment will also avoid wider economic damages, better protect transport infrastructure, and create or improve natural habitats.</p><p> </p><p>The Environment Agency (EA) launched its annual Flood Action Campaign on 20 November 2023 to encourage people to prepare for flooding. This promotes the steps that people can take to protect themselves, their family and homes. In July 2022, the Government announced a £100 million Frequently Flooded Allowance to support communities that have experienced repeated flooding.</p><p> </p><p>The Environment Agency is prepared to act wherever and whenever it is needed this winter and has 5,000 trained staff across the country ready to respond to flooding.</p> answering member printed Lord Benyon question first answered 20/12/2023 12:36:57 answering member 1547 label Biography information for Lord Benyon
tabling member	1796 label Biography information for Lord Taylor of Warwick

1677591

registered interest
date	12/12/2023
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	Artificial Intelligence: EU Countries
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 provisional EU plan on the use of artificial intelligence; and how, if at all, this will affect the UK's development of regulations.
tabling member printed	Lord Taylor of Warwick
uin	HL1120
answer	answer is ministerial correction date of answer 20/12/2023 answer text <p>Many issues relating to AI regulation are global in nature, and will require global solutions to address. This is why we are keen to work with international partners, including the EU, on key issues and find ways to support our national and international AI ecosystems and support businesses operating across jurisdictions. We are also taking an active role in multilateral initiatives addressing AI issues, such as the Global Partnership on AI with GPAI, OECD, G7 Hiroshima AI Process, and the Council of Europe, among others. We will also seek further opportunities for open dialogues to share ideas and best practices in this space.</p><p> </p><p>Last March, the government published the AI Regulation White Paper. This context-based approach has considered the UK’s own unique regulatory, business and societal landscape. Rather than setting a centralised list like the EU, our approach proposes allowing different regulators to take a more tailored and agile approach to the use of AI in a range of settings, reflecting the growing use of AI in a range of sectors for a number of different applications. The proposed framework of cross-sectoral principles will ensure coherence across the regulatory system.</p><p> </p><p>We want to establish a nimble and internationally competitive regulatory approach which drives innovation and growth. This is key to supporting our ambitions to strengthen our position as an AI superpower. The government will be setting out our next steps for the regulatory framework through our white paper consultation response, which is being published in the new year.</p><p> </p><p>In the meantime, we are taking steps to implement our regulatory approach, including the establishment of a central AI risk function, bringing together policymakers and AI experts to identify, assess and report on risks of AI systems. We have also set up the AI Safety Institute, which is aiming to ensure that the UK and the world are not caught off guard by progress at the frontier of AI. We are also engaging closely with regulators across the UK and their sponsoring government departments to understand the organisational capacity they need to regulate AI effectively, across technical, regulatory, and market-specific expertise. This includes the Digital Regulation Cooperation Forum AI and Digital Hub announced in September, which will offer advice to AI innovators to make it easier for innovators to navigate the AI regulation landscape so they can bring their products more quickly and safely to market. Alongside this, the Centre for Data Ethics and Innovation (CDEI) continues to lead the Government’s work to enable responsible trustworthy innovation using data and AI that safeguards our fundamental values and puts protecting the public first. For example, the CDEI is working closely with the Equality and Human Rights Commission and the Information Commissioner’s Office to support solutions to tackle AI fairness through the delivery of the Fairness Innovation Challenge.</p><p> </p> answering member printed Viscount Camrose question first answered 20/12/2023 11:12:12 answering member 4939 label Biography information for Viscount Camrose
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