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1715735

	registered interest
	date	02/05/2024
	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	Manufacturing Industries
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following the S&P Global UK Manufacturing Purchasing Managers' Index survey published on 1 May, which showed contraction in the manufacturing sector in April, what support they are providing to this sector to boost growth.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4367
	answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>The UK’s manufacturing sector is showing resilience, despite challenges such as supply chain disruptions in the Red Sea.</p><p> </p><p>According to the OECD, since 2010 the UK has had the fastest manufacturing productivity growth in the G7. Make UK’s Q1 Manufacturing Outlook Report, published at the end of March, showed increased investment and recruitment intentions among manufacturers.</p><p> </p><p>The Government has a strong track record of backing the sector. Our Advanced Manufacturing Plan published last November is underpinned by tax cuts, faster grid connections and a £4.5bn commitment to 2030, as well as the expansion of our successful SME Made Smarter Adoption programme.</p> answering member printed Lord Offord of Garvel question first answered 16/05/2024 16:01:17 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1715446

	registered interest
	date	01/05/2024
	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	Retail Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following reports of non-food item deflation, what assessment they have made of the impact of this on (1) employment, and (2) business profitability, in the retail sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4307
	answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>The government is continuing to pursue an ambitious policy agenda to increase sustainable economic growth and productivity across the economy. This includes making full expensing permanent, backing the UK’s priority growth sectors and announcing measures to boost labour supply. Across Spring Budget 2023, Autumn Statement 2023 and Spring Budget 2024 tax and labour market measures increase total hours worked by the equivalent of more than 300,000 full-time workers by 2028-29.</p><p>Whilst consumers will undoubtedly welcome lower shop price inflation, government continues to provide the right environment to help retailers grow, such as by extending Retail, Hospitality and Leisure relief for 2024-25, a tax cut worth nearly £2.4 billion</p> answering member printed Lord Offord of Garvel question first answered 16/05/2024 15:48:38 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1713316

	registered interest
	date	23/04/2024
	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	Exports
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following the publication of figures by the Office for National Statistics which show UK services exports grew 63 per cent in real terms between 2010 and 2023, while goods exports grew only seven per cent, what steps they are taking to boost the export of goods.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4057
	answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>The Department for Business and Trade is backing British businesses to export by knocking down trade barriers and signing new trade deals.</p><p>In 2022, the Government committed to resolving a ‘hit list’ of priority barriers worth more than £20 billion over five years. Since the start of 2022, we have resolved barriers all over the world estimated to be worth over £15 billion (over a five-year period) to UK businesses.</p><p>Businesses can access the department’s wealth of export support options on great.gov.uk, including trade advisers, Export Champions, the Export Academy, our International Markets network and UK Export Finance.</p> answering member printed Lord Offord of Garvel question first answered 08/05/2024 15:30:44 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1702358

	registered interest
	date	18/04/2024
	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	Business: 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 the Quarterly Economic Survey by the British Chambers of Commerce, published on 11 April; and what steps they are taking to address and mitigate the challenges in relation to wages, bills and other expenses faced by businesses, particularly small and medium-sized enterprises.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3969
	answer	answer is ministerial correction date of answer 02/05/2024 answer text <p>The Department continuously monitors and works to improve our offer to help businesses access the finance and support they need.</p><p> </p><p>Government works with the British Business Bank to help SMEs access finance. The Recovery Loan scheme, renamed the ‘Growth Guarantee Scheme’, was extended, which offers a 70% government guarantee on loans to SMEs. The VAT registration threshold was also raised, keeping more SMEs out of VAT.</p><p> </p><p>Additional support also includes raising the Employment Allowance to £5,000, and a business rates package to support small businesses, worth £4.3 billion.</p> answering member printed Lord Offord of Garvel question first answered 02/05/2024 14:44:15 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1696582

	registered interest
	date	18/03/2024
	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	Companies: Insolvency
	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 that the number of company insolvencies last month were 17 per cent higher than one year earlier; and what steps they are taking to support struggling businesses.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3339
	answer	answer is ministerial correction date of answer 05/04/2024 answer text <p>Company insolvencies in 2023 were 14% higher than in 2022. However, the liquidation rate of 53.7 insolvencies per 10,000 active companies was lower than the recessionary peak of 94.7 per 10,000 in 2009. The average number of quarterly company insolvencies in the past 3 years (2021-2023) was 5,112. This is 28% higher than 2017 to 2019, when the quarterly average was 3,982.</p><p>The Government continues to support businesses, through Help to Grow: Management, Business Support Helpline, and Growth Hubs. Businesses can also access government-backed financial support from the British Business Bank. Additionally, the Help to Grow campaign and website has been refreshed, creating a one-stop shop for SMEs to find the information they need to grow and scale up.</p> answering member printed Lord Offord of Garvel question first answered 05/04/2024 10:25:55 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1693206

	registered interest
	date	04/03/2024
	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	UK Trade with EU: Productivity
	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 fall in the UK goods trade on national productivity, particularly in sectors affected by any barriers to trade resulting from Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3012
	answer	answer is ministerial correction date of answer 18/03/2024 answer text <p>Since leaving the EU, the Department for Business and Trade has secured free trade deals with 73 countries in addition to our EU partners, which accounted for £1.1 trillion UK trade in 2022, and simplified import tariffs to lower costs for businesses and households.</p><p> </p><p>The UK’s total trade with the world (including goods and services) increased by £36bn (inflation adjusted) in 2023 compared to 2018. Productivity in the UK's Manufacturing sector grew by 10% between 2016 and 2022, the highest manufacturing productivity growth in the G7.</p> answering member printed Lord Offord of Garvel question first answered 18/03/2024 16:35:04 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1692617

	registered interest
	date	28/02/2024
	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	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 exporters affected by delays and higher shipping costs as a result of Houthi attacks in the Red Sea.
	tabling member printed	Lord Taylor of Warwick
	uin	HL2858
	answer	answer is ministerial correction date of answer 13/03/2024 answer text <p>The Department of Business and Trade is closely monitoring the Red Sea situation and we are proactively engaging with key businesses to identify trade issues, offer support on the crisis and updating businesses on the latest supply chain information. More broadly, our membership in Operation Prosperity Guardian demonstrates the Government's commitment to ensuring the Red Sea is safe for seafarers and traders to use. Our Critical Imports and Supply Chains Strategy will help UK business build the secure and reliable supply chains vital to the UK’s economic prosperity, national security and essential services.</p><p> </p><p>UK businesses can access DBT’s wealth of export support via Great.gov.uk. This comprises a digital self-serve offer and our wider network of support, including trade advisors, export champions, the Export Academy, International Markets network, and UK Export Finance.</p> answering member printed Lord Offord of Garvel question first answered 13/03/2024 12:09:39 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1688818

	registered interest
	date	12/02/2024
	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	Trade Agreements: India
	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 potential trade agreement with India (1) promotes fair and balanced terms, and (2) contains safeguards that protect the interest of the economy.
	tabling member printed	Lord Taylor of Warwick
	uin	HL2411
	answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>We are working hard on a deal with India that would boost our current trading relationship, already worth over £38 billion, helping businesses and communities across the UK.</p><p> </p><p>We remain clear that we will only sign when we have a deal that is fair, reciprocal, and ultimately in the best interests of the British people and the economy.</p><p> </p><p>We ensure that all trade agreements maintain our ability to apply trade remedies, including a global safeguard, under the WTO framework to protect UK industries.</p> answering member printed Lord Offord of Garvel question first answered 26/02/2024 17:29:40 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

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

1686948

	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	UK Trade with EU: Costs
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following reports that businesses have faced increasing difficulties and costs trading with the EU since Brexit, what steps they are taking to (1) identify areas of improvement, and (2) provide support.
	tabling member printed	Lord Taylor of Warwick
	uin	HL2155
	answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>The UK-EU Trade and Cooperation Agreement allows for a new relationship with the EU, giving us the freedom to do things differently and better.</p><p> </p><p>The Department is leading a cross-government effort to identify trade barriers and break them down with our EU partners. For example, in the year to March 2023, we broke down 45 market access barriers in the HMTC Europe region, a 10% increase year-on-year.</p><p> </p><p>HMG provides a wide range of support, including help to grow overseas by providing information, training, and expert support to exporters, whilst HMRC’s Customs &amp; International Trade Helpline ensures businesses have access to the additional support they need.</p> answering member printed Lord Offord of Garvel question first answered 13/02/2024 14:25:43 answering member 4931 label Biography information for Lord Offord of Garvel
	tabling member	1796 label Biography information for Lord Taylor of Warwick