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1686946

registered interest
date	01/02/2024
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, following reports that corporate insolvencies rose to their highest level in 30 years last year, what steps they are taking to assist companies that are struggling.
tabling member printed	Lord Taylor of Warwick
uin	HL2153
answer	answer is ministerial correction date of answer 15/02/2024 answer text <p>The Government delivered nearly £27 billion of Business Grant Support during the pandemic and continues to support UK small businesses via a substantial business rates package worth £4.3 billion over the next 5 years. The Energy Bill Relief Scheme protects eligible businesses from excessively high energy bills over winter periods.</p><p> </p><p>The British Business Bank supports 12.4bn of finance through targeted interventions such as The Recovery Loan Scheme and Pay as You Grow for businesses under the Bounce Back Loan Scheme, offering repayment options where required.</p><p> </p><p>Additional SME support is available via GOV.UK, the Business Support Helpline and local Growth Hubs.</p> answering member printed Lord Offord of Garvel question first answered 15/02/2024 10:47:28 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686528

registered interest
date	31/01/2024
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Immigration: Migrant Workers
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to reduce net migration while maintaining access to skilled workers in critical sectors.
tabling member printed	Lord Taylor of Warwick
uin	HL2109
answer	answer is ministerial correction date of answer 14/02/2024 answer text <p>Skilled workers will continue to have access to the full range of routes available on the Points Based System.</p><p> </p><p>Details of the net migration measures announced in December are available here: <a href="https://homeofficemedia.blog.gov.uk/2024/02/01/reducing-net-migration-factsheet-december-2023/" target="_blank">https://homeofficemedia.blog.gov.uk/2024/02/01/reducing-net-migration-factsheet-december-2023/</a>.</p> answering member printed Lord Sharpe of Epsom question first answered 14/02/2024 17:59:55 answering member 4888 label Biography information for Lord Sharpe of Epsom
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686529

registered interest
date	31/01/2024
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Industrial Disputes: Dispute Resolution
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 a fair and accessible system for resolving employment disputes which is not restricted by financial burdens.
tabling member printed	Lord Taylor of Warwick
uin	HL2110
answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>The Government is committed to ensuring an effective, efficient, and affordable justice system for all. We have taken various steps to increase capacity in the Employment Tribunals, such as the recruitment of an additional 19 salaried ET judges and 150 fee-paid ET judges in 2022/23. Additionally, the Judicial Review and Courts Act 2022 will transfer Employment Tribunal rule-making powers to the Tribunal Procedures Committee. This will allow the judiciary to manage their workloads more flexibly, maximising the capacity of the Employment Tribunal.</p><p>The Government is also investing in the development of new digital processes. The Employment Tribunal Reform project will provide a simple, fair and accessible service with simplified channels for engaging with the service, a focus on early resolution of cases, transparency for all the parties as the case progresses, and a reduction in the time taken to resolve employment disputes.</p><p>In addition, the Government supports the resolution of employment disputes via early conciliation, where possible. The Advisory Conciliation and Arbitration Service (Acas) provides free and impartial advice to assist parties in resolving their employment disputes. Acas received £56m in 2022/23 from the Department of Business and Trade (DBT), with c.£24m directed towards individual dispute resolution activity.</p><p>The Government is currently consulting on introducing modest fees in the Employment Tribunal and the Employment Appeal Tribunal. The Ministry of Justice recognises that the ET fees established in 2013 and quashed in 2017 by the Supreme Court were too high, and has carefully considered the lessons of the <em>Unison </em>Supreme Court judgment when developing this proposal.</p><p>The proposal of introducing modest fees seeks to ensure user-contribution towards the tribunals, which are currently fully funded from direct taxation, while ensuring that the principles of affordability, proportionality and simplicity underpinning the proposed fees continue to preserve access to justice for all.</p><p>Those who cannot afford to pay the proposed fees will be supported by our fee remission scheme, Help with Fees (HwF). In 2022/23, the scheme provided £80m in financial support to those on low incomes and with little to no savings. The scheme was recently reformed in November 2023 to provide for a much more generous scheme. In exceptional circumstances, the Lord Chancellor can exercise his power to remit a fee, which further ensures that access to justice is protected.</p> answering member printed Lord Bellamy question first answered 13/02/2024 11:49:35 answering member 4941 label Biography information for Lord Bellamy
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686530

registered interest
date	31/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies: Retail Trade
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what consideration they have given to approving retail access to cryptocurrency exchange traded products.
tabling member printed	Lord Taylor of Warwick
uin	HL2111
answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>The question of approving exchange traded products (ETPs) that reference specific cryptoassets is a matter for the Financial Conduct Authority (FCA) as the independent regulator, working within its statutory objectives.</p><p> </p><p>The FCA currently considers these products to be ill-suited for retail consumers due to risk of harm arising from the nature of the underlying assets and markets.</p><p> </p><p>The FCA’s prohibition of crypto-referenced ETPs is subject to on-going review.</p> answering member printed Baroness Vere of Norbiton question first answered 13/02/2024 16:36:09 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686123

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
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 public markets on the (1) valuing, and (2) supporting, of fintech.
tabling member printed	Lord Taylor of Warwick
uin	HL2057
answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>The government is committed to ensuring the UK is one of the best places in the world to start and scale a fintech.</p><p>In 2023, UK fintech attracted $5.1 billion in capital funding, second only to the US and more than the next 28 European countries combined.</p><p>The UK’s vibrant and dynamic capital markets remain some of the strongest and deepest globally, delivering capital to support high growth and innovative businesses.</p><p>The government is taking forward an ambitious programme of reforms to boost UK competitiveness, including taking forward the recommendations from the Investment Research Review, delivering on the recommendations of Lord Hill and the Chancellor’s Mansion House and Edinburgh Reforms. These will provide greater flexibility for firms raising capital on UK markets.</p><p>The government and regulators have also taken forward the key recommendations of the 2021 Kalifa Review of UK Fintech. This includes the creation of a new Centre for Finance, Innovation, and Technology (CFIT) last year to tackle barriers to growth and accelerate the UK fintech sector, backed by £5 million of HM Treasury seed funding.</p> answering member printed Baroness Vere of Norbiton question first answered 13/02/2024 11:43:23 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686124

registered interest
date	30/01/2024
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Immigration Controls: France
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 a correlation between the 2023 migration deal with France and a doubling in the number of migrants who have drowned crossing the English Channel; and what plans they have to review the deal in this regard.
tabling member printed	Lord Taylor of Warwick
uin	HL2058
answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>The UK’s cooperation with France to prevent small boat crossings of the English Channel led to a reduction in crossing numbers of 36% last year when compared to 2022. It is vital that we continue to work with French partners to put an end to the evil criminal gangs who are profiting from encouraging migrants to make increasingly dangerous crossing attempts in unseaworthy vessels. UK and French officials work together to continuously monitor the impact of the three-year deal agreed by the Prime Minister and President Macron in March 2023.</p><p>Ensuring the safety of lives at sea is paramount to our operations, in line with international obligations.</p> answering member printed Lord Sharpe of Epsom question first answered 13/02/2024 16:28:03 answering member 4888 label Biography information for Lord Sharpe of Epsom
tabling member	1796 label Biography information for Lord Taylor of Warwick

1686125

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Consumers
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of research by GfK published on 26 January that UK consumer confidence in January rose to its highest level in two years; and what steps they are taking to sustain and build upon those findings.
tabling member printed	Lord Taylor of Warwick
uin	HL2059
answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>In January 2024, consumer confidence, as measured by GfK, reached its highest level since January 2022. January 2024 was the third consecutive month of improving consumer confidence across all five contributory sub-indices.</p><p>Consumer confidence is intrinsically linked to household finances and the broader economic outlook. To sustain consumer confidence, consumers need to feel assured that their government is taking the long-term decisions necessary to strengthen the economy and build a brighter future.</p><p>In January 2023, the Prime Minister set out three economic priorities: to halve inflation, grow the economy and reduce debt. The government is delivering on these objectives, with inflation more than halving to 4.0%, the economy proving resilient and on a path to long-term growth, and the latest OBR forecast showing debt falling as a share of GDP over the medium-term.</p> answering member printed Baroness Vere of Norbiton question first answered 13/02/2024 11:44:26 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1685706

registered interest
date	29/01/2024
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	Business: Horizon Europe
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what are the eligibility criteria for businesses to apply for Horizon research programme funding; and how those grants will assist them.
tabling member printed	Lord Taylor of Warwick
uin	HL2009
answer	answer is ministerial correction date of answer 12/02/2024 answer text <p>Our association to Horizon Europe means that UK researchers and businesses, and their international partners can now apply for funding, and are strongly encouraged to do so. Any organisation can apply for Horizon Europe funding providing they meet the criteria for the specific calls of relevance: <a href="https://rea.ec.europa.eu/horizon-europe-who-should-apply_en" target="_blank">https://rea.ec.europa.eu/horizon-europe-who-should-apply_en</a></p> answering member printed Viscount Camrose question first answered 12/02/2024 12:00:49 answering member 4939 label Biography information for Viscount Camrose
tabling member	1796 label Biography information for Lord Taylor of Warwick

1685707

registered interest
date	29/01/2024
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	Local Government Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what process they are using to determine the allocation for (1) social care, (2) funding guarantees, and (3) grants, under their plans to provide an additional £600 million funding to councils.
tabling member printed	Lord Taylor of Warwick
uin	HL2010
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>On the 24<sup>th</sup> of January, the department announced our intention to increase the level of funding to local government in the Settlement by £600 million. Taking into account this new funding, local government in England will see an increase in Core Spending Power of up to £4.5 billion next year, taking the total to £64.7 billion in 2024-25.</p><p>£500 million of this new funding will be distributed to councils with responsibility for Social Care services through the Social Care Grant. The Adult Social Care Relative Needs Formula is the basis for Social Care Grant allocations and is used to evaluate local authorities’ need for funding relative to one another. We are supporting all of local government through the sector-wide Funding Guarantee, ensuring all local authorities will see a minimum 4% increase in Core Spending Power before local council tax decisions – an increase from the 3% Funding Guarantee in 2023-24.</p><p>Finally, we are increasing the Rural Services Delivery Grant to £110 million in 2024-25, its highest ever level. The distribution of this grant will remain unchanged next year, and will continue to be distributed to the top-quartile of local authorities ranked by ‘super-sparsity’, a measure of rurality.</p> answering member printed Baroness Scott of Bybrook question first answered 08/02/2024 14:10:44 answering member 4553 label Biography information for Baroness Scott of Bybrook
tabling member	1796 label Biography information for Lord Taylor of Warwick

1685708

registered interest
date	29/01/2024
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	Hinkley Point C Power Station: Construction
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 the delays to the Hinkley Point C Nuclear Power Station on their 2030 target for low-carbon electricity generation.
tabling member printed	Lord Taylor of Warwick
uin	HL2011
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>The Government’s Net Zero Strategy sets out our aim to fully decarbonise our power system by 2035, subject to security of supply. The latest update from EDF is that Hinkley Point C’s first reactor unit will start generating between 2029 and 2031 helping to achieve this aim. Hinkley Point C will serve Britain until well into the next century, making an important contribution to the UK’s Net Zero commitments.</p> answering member printed Lord Callanan question first answered 08/02/2024 12:15:27 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick