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1685215
registered interest false more like this
date less than 2024-01-25more like thismore than 2024-01-25
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Piracy: Red Sea more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1945 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-07more like thismore than 2024-02-07
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> more like this
answering member printed Lord Johnson of Lainston more like this
question first answered
less than 2024-02-07T13:19:14.097Zmore like thismore than 2024-02-07T13:19:14.097Z
answering member
4949
label Biography information for Lord Johnson of Lainston more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1685216
registered interest false more like this
date less than 2024-01-25more like thismore than 2024-01-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Annuities: Pensions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of bulk annuity deals and their impact on pension schemes. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1946 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-08more like thismore than 2024-02-08
answer text <p>The Bulk Purchase Annuity (BPA) market allows Defined Benefit (DB) pension schemes to guarantee full benefits for their members whilst transferring the risk to insurers. The BPA market enables trustees and scheme sponsors to manage their balance sheets, reduce exposure to market fluctuations and life expectancy increases, and in some cases, wind up the scheme. There has been increased activity in the BPA market due to the improved funding position of DB schemes.</p><p> </p><p>A full buyout is the ultimate goal for many DB pension schemes, but these are decisions for the trustees of a scheme.</p><p> </p><p>The Prudential Regulation Authority (PRA) is responsible for regulating insurance firms and closely monitors the activity and development of the market. The Pensions Regulator (TPR) is responsible for regulating DB pension schemes.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-02-08T12:16:08.637Zmore like thismore than 2024-02-08T12:16:08.637Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1685217
registered interest false more like this
date less than 2024-01-25more like thismore than 2024-01-25
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Employment: Poverty more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to (1) tackle in-work poverty, and (2) create more job opportunities across the UK. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1947 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-07more like thismore than 2024-02-07
answer text <p>The Government believes that work is the best way to boost living standards and reduce poverty. Jobcentres across Great Britain provide personalised interventions to support those both in and out of work, including helping low-paid earners to increase their earnings.</p><p> </p><p>We are also making work pay. On 1 April 2024, the Government will increase the National Living Wage (NLW) for workers aged 21 years and over by 9.8% to £11.44 per hour, representing an increase of over £1,800 to the gross annual earnings of a full-time worker on the NLW.</p><p> </p><p>Ensuring a strong economy with a diverse and vibrant jobs market allows everyone to use their talents to the full.</p> more like this
answering member printed Viscount Younger of Leckie more like this
question first answered
less than 2024-02-07T16:04:39.62Zmore like thismore than 2024-02-07T16:04:39.62Z
answering member
4169
label Biography information for Viscount Younger of Leckie more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684991
registered interest false more like this
date less than 2024-01-24more like thismore than 2024-01-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the feasibility of cutting taxes in the upcoming budget, further to the report, Public sector finances, UK: December 2023, published by the Office for National Statistics on 23 January, and having regard to the overall stability of the economy. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1902 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-01more like thismore than 2024-02-01
answer text <p>The Government is committed to sustainable public finances and has taken responsible decisions to keep debt falling and borrowing at a sustainable level.</p>Autumn Statement 2023 confirmed that inflation has been halved and underlying debt is forecast to fall. The Chancellor is now delivering on his commitment to cut taxes – making full expensing permanent so businesses can invest for less. In addition, the Chancellor’s reforms to NICs will cut taxes for 29 million working people. These reforms will grow the economy, and make the tax system simpler for businesses and individuals.<p> </p>The Chancellor announced in December that he has commissioned the Office for Budget Responsibility to prepare an updated economic and fiscal forecast to be presented to Parliament alongside his Spring Budget on 6 March 2024.<p><strong> </strong></p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-02-01T16:04:34.957Zmore like thismore than 2024-02-01T16:04:34.957Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684992
registered interest false more like this
date less than 2024-01-24more like thismore than 2024-01-24
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading EU Law more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they have taken to determine which European Union laws will be retained, reformed, or revoked under the plans set out in the Retained EU Law Parliamentary Report June 2023–December 2023, published on 22 January. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1903 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-07more like thismore than 2024-02-07
answer text <p>The Department for Business and Trade coordinates Government's ambitious REUL reform programme. Departments review, assess and if needed consult relevant stakeholders to determine which pieces of REUL should be retained, reformed, or revoked, informed by considering what is in the best interests of the UK. In some cases, REUL is already optimised for the UK or is necessary to uphold our international obligations.</p><p>Over 2000 REUL instruments have been revoked or reformed. Our roadmap includes 500 further REUL reforms and revocations in 2024. The Government is on track to revoke or reform over half of all REUL by June 2026.</p> more like this
answering member printed Lord Johnson of Lainston more like this
question first answered
less than 2024-02-07T13:22:47.513Zmore like thismore than 2024-02-07T13:22:47.513Z
answering member
4949
label Biography information for Lord Johnson of Lainston more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684993
registered interest false more like this
date less than 2024-01-24more like thismore than 2024-01-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Inflation: Economic Situation more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to mitigate the potential negative impact of the United Kingdom’s current inflation rates on the economy. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1904 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-07more like thismore than 2024-02-07
answer text <p>The government has delivered on the Prime Minister’s pledge to halve inflation, which is now at 4.0%, and the OBR expect inflation to return to target in 2025.</p><p> </p><p>High inflation holds back growth, which is why alongside remaining steadfast in support for the independent Monetary Policy Committee of the Bank of England, as it acts to return inflation sustainably to the 2% target, the government has taken tough decisions to keep borrowing under control and introduced ambitious supply-side measures to support non-inflationary growth, including delivering full expensing and boosting the labour supply.</p><p> </p><p>Over the last two years, the Government has provided one of the largest support packages in Europe. Taken together, total support over 2022-25 to help households with the high cost of living will be £104 billion – an average of £3,700 per UK household. This has helped to protect households, and the economy, from the impact of high inflation.</p><p> </p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-02-07T12:16:05.807Zmore like thismore than 2024-02-07T12:16:05.807Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684649
registered interest false more like this
date less than 2024-01-23more like thismore than 2024-01-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Mortgages more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the long-term impact of their proposed 99 per cent mortgage scheme on (1) the housing market, and (2) borrowers. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1880 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-06more like thismore than 2024-02-06
answer text <p>The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>The Mortgage Guarantee Scheme – launched in April 2021 – continues to support homebuyers and movers with deposits as small as 5%. As of June 2023, the scheme has directly helped over 39,000 households to buy their homes, 86% of which have been first-time buyers.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-02-06T12:28:56.99Zmore like thismore than 2024-02-06T12:28:56.99Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684650
registered interest false more like this
date less than 2024-01-23more like thismore than 2024-01-23
answering body
Department for Levelling Up, Housing and Communities more like this
answering dept id 211 more like this
answering dept short name Levelling Up, Housing and Communities more like this
answering dept sort name Levelling Up, Housing and Communities more like this
hansard heading Housing: Construction more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to their plan to build 300,000 new homes a year, what steps they are taking to achieve this in 2024. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1881 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-06more like thismore than 2024-02-06
answer text <p>The Government remains committed to our ambition of delivering 300,000 homes per year and the four highest rates of net additional housing supply in 30 years have all come since 2018. The National Planning Policy Framework (published 19 December 2023) is clear that a core purpose of the planning system is planning for the homes and other development that our communities need.</p><p>With both the Levelling Up and Regeneration Act and the new Framework now in place, alongside the additional resources for planning departments the Government has recently announced, our planning reforms will accelerate the delivery of new homes.</p><p>The changes to the Framework create clear incentives for authorities to get their local plans in place. We remain committed to a plan-led system and national planning policy expects local planning authorities to make sufficient provision for housing and to identify the sites to deliver homes to meet the needs of their communities.</p><p>If Local authorities are not making sufficient progress, the Secretary of State will consider using his powers of intervention to ensure timetables and plans are put in place.</p>
answering member printed Baroness Scott of Bybrook more like this
question first answered
less than 2024-02-06T13:18:45.877Zmore like thismore than 2024-02-06T13:18:45.877Z
answering member
4553
label Biography information for Baroness Scott of Bybrook more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1684651
registered interest false more like this
date less than 2024-01-23more like thismore than 2024-01-23
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading UK Trade with EU more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to the implementation of new border controls being implemented from 31 January, what steps they are taking to mitigate any potential challenges faced by businesses within the EU exporting into the UK. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1882 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-12more like thismore than 2024-02-12
answer text <p>Defra are engaging stakeholders across all SPS sectors within the United Kingdom, across the EU and with trading partners around the world, to raise awareness and aid preparedness for the Border Target Operating Model (TOM). Information is being shared through a series of live and virtual engagement events and communications detailing actions required. Online guidance is available on GOV.UK.</p><p> </p><p>The three-month period from 31 January 2024 will allow businesses time to familiarise themselves with the new requirements before full implementation on 30 April 2024. We will adopt a carefully calibrated approach to enforcement of the new controls that minimises the risk of disrupting trade flows, with an emphasis on educating and supporting businesses to comply.</p> more like this
answering member printed Lord Douglas-Miller more like this
question first answered
less than 2024-02-12T11:53:44.713Zmore like thismore than 2024-02-12T11:53:44.713Z
answering member
5006
label Biography information for Lord Douglas-Miller more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1683964
registered interest false more like this
date less than 2024-01-22more like thismore than 2024-01-22
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading Immigration Controls: Airports and Ports more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to prepare ports and airports for the introduction of new border controls being implemented from 31 January. more like this
tabling member printed
Lord Taylor of Warwick remove filter
uin HL1825 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-12more like thismore than 2024-02-12
answer text <p>There are no new physical controls being introduced at ports or airports on 31 January. Under the Border Target Operating Model, from 30 April inspection of high-risk plant and plant products will move from destination to Border Control Posts (BCPs) and/or Control Points (CPs), and risk-based physical checks at BCPs/CPs will begin for medium-risk plant and plant products and products of animal origin, except at west coast ports, where such controls will not begin before 31 October. Defra is confident that existing and new BCP infrastructure will have sufficient capacity and capability to handle the volume of expected checks outlines in the Border Target Operating Model, with robust, dynamic and effective operational measures ready to call upon if needed. Defra will continue to work with BCP operators to ensure they are prepared, and the Government has built or funded new infrastructure where necessary.</p> more like this
answering member printed Lord Douglas-Miller more like this
question first answered
less than 2024-02-12T11:52:59.347Zmore like thismore than 2024-02-12T11:52:59.347Z
answering member
5006
label Biography information for Lord Douglas-Miller more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this