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1702002

	registered interest
	date	17/04/2024
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	UK Border Force: Heathrow Airport
	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 potential economic impact of the upcoming strikes by Border Force officers at Heathrow Airport on (1) businesses, and (2) tourism.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3917
	answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>Border Force has made no such assessment as to the strikes’ impact on tourism and business, as this is not within Border Force’s remit. Border Force will continue to work closely with Heathrow Airport to ensure we have robust plans in place to minimise any delays if strike action goes ahead. We will deploy suitable resources to meet critical demand and support the flow of passengers and goods through our border. Border Force’s priority during industrial action, as with at any other time, is to maintain the security of the UK border and nothing will compromise this.</p> answering member printed Lord Sharpe of Epsom question first answered 30/04/2024 13:44:09 answering member 4888 label Biography information for Lord Sharpe of Epsom
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1702003

	registered interest
	date	17/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	New Businesses: Capital Investment
	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 decline in venture capital investment in UK start-ups in the first quarter of 2024; and what steps they are taking to support the growth of the UK's innovation ecosystem.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3918
	answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>The government notes that while there have been reports of a decline in venture capital (VC) investment in UK start-ups, this has been broad based and global in nature. We also note that because of the nature of private markets, there is a lag in data reporting for VC deals, meaning that final data on investments made in Q1 2024 will not be available until later in the year.</p><p> </p><p>The BBB’s Small Business Finance Monitor 2024, which covers data up to the end of Q3 2023, found that there has been a “slowdown in activity that has occurred in the market since Q2 2022” and that the market decline over the past 18 months is not unique to the UK and can be seen across other global regions.</p><p> </p><p>However, we also note that VC funding in the UK has reduced from record levels in 2021/2022, and that despite this slowdown, early stage/seed funding has remained robust, indicating that there is a pipeline of future investment opportunities still being created.</p><p> </p><p>The government recognises that VC funding is an important source of finance for innovative companies and is proud of the fact that the UK has the third largest VC market in the world, behind only the US and China. The government is backing British business by tackling barriers to investment, cutting taxes and rewarding work, and by supporting the priority growth sectors, including digital technology, which are helping to turn the UK into the world’s next Silicon Valley.</p><p> </p><p>This includes making over £3.5 billion of public investment in the AI ecosystem since 2014, extending the sunset clause for the Enterprise Investment Scheme and the Venture Capital Trust scheme to 6 April 2035, making changes to simplify and improve R&amp;D tax reliefs, extending the British Business Bank’s Future Fund: Breakthrough investment programme, and implementing the measures the Chancellor announced at last year’s Mansion House speech to reform the pensions market to unlock investment into high growth sectors and generate increased returns for savers.</p> answering member printed Baroness Vere of Norbiton question first answered 30/04/2024 10:37:03 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1701638

	registered interest
	date	16/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	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 findings of the Financial Conduct Authority survey indicating an increase in adults across the UK struggling to pay bills due to the high cost of living, and what steps they are taking to help individuals and families facing financial difficulties.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3869
	answer	answer is ministerial correction date of answer 24/04/2024 answer text <p>The FCA’s 2024 Cost of Living survey found a reduction in the number of people finding it hard to manage higher costs of living since January 2023.</p><p> </p><p>The government has already provided support to help with the cost of living totalling £96 billion from 2022-23 to 2023-2024 – an average of £3400 per UK household.</p><p> </p><p>Further actions taken by the government in 2024-25 include: a rise in the National Living Wage (NLW) by 9.8% - ending low hourly pay for workers on the NLW, raising Local Housing Allowance to the 30<sup>th</sup> percentile of market rents, uprating working-age benefits by 6.7%, freezing fuel duty, removing Debt Relief Order fees, and doubling the Budgeting Advance Loan repayment period.</p> answering member printed Baroness Vere of Norbiton question first answered 24/04/2024 11:42:45 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1701639

	registered interest
	date	16/04/2024
	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 steps they are taking to sustain the momentum of the economic recovery following indications that GDP increased in January and February.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3870
	answer	answer is ministerial correction date of answer 24/04/2024 answer text <p>To sustain economic growth momentum, the government is continuing to pursue an ambitious policy agenda to increase growth and productivity across the economy. The OBR expects that policies announced at the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.</p><p> </p><p>In addition to making full expensing permanent, a tax cut to companies of over £10 billion a year, the government has announced measures to boost labour supply, which the OBR predicts will increase the number of hours worked by the equivalent of over 300,000 full-time workers by the end of the forecast period.</p> answering member printed Baroness Vere of Norbiton question first answered 24/04/2024 11:42:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1701640

	registered interest
	date	16/04/2024
	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	Housing Market
	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 findings of the Royal Institution of Chartered Surveyors survey indicating a third consecutive monthly increase in demand in the housing market.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3871
	answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>The Government closely monitors the state of the market and was pleased to see an increase in buyer demand in the latest RICS UK Residential Survey. We have taken a number of steps to support the market in recent months including extending the Mortgage Guarantee Scheme, introducing the Mortgage Charter, reducing stamp duty and continuing our home ownership schemes such as First Homes, Shared Ownership and Lifetime ISA and our support for housebuilding.</p><p> </p> answering member printed Baroness Swinburne question first answered 30/04/2024 16:26:55 answering member 4985 label Biography information for Baroness Swinburne
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1700760

	registered interest
	date	15/04/2024
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Mortgages: Fees and Charges
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following the recent increase in cases of advance fee mortgage scams, what steps they are taking to prevent such scams.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3812
	answer	answer is ministerial correction date of answer 29/04/2024 answer text <p>As part of our Fraud Strategy, we have worked closely with the financial services industry to protect customers against a variety of fraud types, including advance fee scams. This includes the Retail Banking Fraud Sector Charter which has delivered ambitious and innovative actions to prevent authorised fraud and protect customers. We have also agreed similar charters with the telecommunications, accountancy and online sectors.</p><p>According to the Crime Survey of England and Wales, ‘Advance fee fraud’ has decreased by 33% in the year ending September 2023 from 546,000 to 367,000 offences.</p> answering member printed Lord Sharpe of Epsom question first answered 29/04/2024 16:08:49 answering member 4888 label Biography information for Lord Sharpe of Epsom
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1700761

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following the findings of the Financial Conduct Authority survey indicating a decrease in savings and investing among UK adults, what steps they are taking to help individuals and families save and invest.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3813
	answer	answer is ministerial correction date of answer 24/04/2024 answer text <p>The Government is committed to incentivising greater saving and investment, to help hard working people save for their future goals and build greater financial resilience.</p><p> </p><p>The Help to Save scheme was launched in September 2018 and is intended to promote financial resilience among working households on low incomes by supporting them to kickstart a regular, long-term savings habit and build a financial buffer for a rainy day.</p><p>Individuals can also save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received within an ISA is tax free. This, along with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers means that around 85% of people with savings income pay no tax on that income.</p><p> </p><p>However, the Government also recognises that people need support to make effective investment decisions. This is why the Government and FCA are working on a joint review of the boundary between financial advice and guidance to ensure people can access appropriate support with their financial decision-making.</p> answering member printed Baroness Vere of Norbiton question first answered 24/04/2024 14:44:04 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1700762

	registered interest
	date	15/04/2024
	answering body	Department for Culture, Media and Sport
	answering dept id	217
	answering dept short name	Culture, Media and Sport
	answering dept sort name	Culture, Media and Sport
	hansard heading	Intellectual Property: 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, if any, to update copyright and intellectual property regulations to better protect the rights of professional creatives and ensure fair compensation, given the challenges posed by artificial intelligence technologies.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3814
	answer	answer is ministerial correction date of answer 29/04/2024 answer text <p>His Majesty’s Government is engaging with people across the relevant sectors to develop an approach on artificial intelligence and copyright which allows this technology and the creative industries to grow in partnership. We want to work closely with right holders and AI developers to deliver this, and engage closely with our international counterparts.</p><p>The Department for Science, Innovation and Technology, The Department for Culture, Media and Sport, and the Intellectual Property Office are working collaboratively to build on the progress made through the IPO’s working group process, which has now concluded. As set out in the AI White Paper Consultation Response of 6 February, HM Government will continue to engage with the creative industries, the media sector, and AI businesses to understand their views and develop an approach that supports these sectors to thrive.</p> answering member printed Lord Parkinson of Whitley Bay question first answered 29/04/2024 10:29:36 answering member 4728 label Biography information for Lord Parkinson of Whitley Bay
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1699300

	registered interest
	date	27/03/2024
	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	Housing: Prices and Standards
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following recent findings by the Resolution Foundation regarding the affordability and quality of housing, what steps they are taking to (1) address, and (2) mitigate, those challenges.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3697
	answer	answer is ministerial correction date of answer 11/04/2024 answer text <p>Full details of the Government’s long-term plan for housing are available on gov.uk. This includes measures to increase the overall supply and availability of safe, warm and affordable homes. Boosting housing supply is key to affordability: we are on track to deliver our commitment to build one million homes this Parliament, are investing significant funding in affordable housing programmes through the £11.5 billion Affordable Homes Programme and £6 billion Affordable Homes Guarantee Scheme, and we have helped over 876,000 households purchase a home since spring 2010 through Government backed schemes.</p><p>Housing quality is also central to this plan. We have seen a strong decrease in the number of non-decent homes since 2010. This government has introduced the Social Housing (Regulation) Act 2023, including Awaab’s Law, and is applying the Decent Homes Standard to the private rented sector for the first time through the Renters (Reform) Bill, to ensure that all tenants benefit from homes that are safe and decent</p> answering member printed Baroness Scott of Bybrook question first answered 11/04/2024 13:21:49 answering member 4553 label Biography information for Baroness Scott of Bybrook
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1699301

	registered interest
	date	27/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Food: 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 the easing grocery price inflation on (1) consumer spending habits, and (2) household budgets.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3698
	answer	answer is ministerial correction date of answer 08/04/2024 answer text <p>Inflation reduces real incomes, creates uncertainty, and threatens our growth outlook so it’s essential that the government continues with its efforts to keep inflation down. The government remains steadfast in our support for the Monetary Policy Committee of the Bank of England.</p><p>Food inflation has fallen from a peak of 19.6% in March 2023 to 5.0% in February 2024.</p><p>The latest data suggests real household disposable income per capita was 1.4% higher in Q4 2023 than in Q4 2022.</p><p>ONS retail sales remained unchanged on the month in February. This followed an increase in retail sales volumes of 3.6% on the month in January, fully offsetting the decline in December. Food store sales were 2.8% higher in February than in December.</p> answering member printed Baroness Vere of Norbiton question first answered 08/04/2024 14:20:44 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick