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1695573

	registered interest
	date	12/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what steps they are taking to mitigate any risks associated with trading crypto-backed exchange traded notes by professional investors, particularly in relation to market manipulation and investor protection.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3223
	answer	answer is ministerial correction date of answer 25/03/2024 answer text The question of whether to allow the listing of exchange-traded products that reference cryptoassets is a matter for the Financial Conduct Authority as the independent regulator. answering member printed Baroness Vere of Norbiton question first answered 25/03/2024 17:31:31 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694892

	registered interest
	date	11/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Equality
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what steps they are taking to accelerate progress towards gender equality in the financial services industry.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3191
	answer	answer is ministerial correction date of answer 25/03/2024 answer text <p>The Government has a wide programme of work aimed at tackling gender inequality and supporting women in the workplace.</p><p> </p><p>Since 2017, organisations with 250 or more employees have been required to publish specific data on their gender pay gaps annually, ensuring they are aware of their gender pay gaps and are taking steps to improve gender equality in their organisation.</p><p> </p><p>The Government has taken action to ensure that working parents can balance work and care by expanding childcare entitlements, making flexible working simpler to access, and introducing carer's leave.</p><p>Regarding the financial services industry specifically, the Government has taken action to ensure the sector remains world-class, and as productive, innovative and competitive as it can be. In 2016, the Government launched the Women in Finance Charter, which aims to ensure that the right talent is being attracted to the sector and that the best and brightest can continue to rise to the top, regardless of their gender.</p><p>The Charter’s Annual Reviews have consistently shown that the Charter has stimulated positive progress across the sector. Participation in the Charter is voluntary, and the first wave of signatories to the Charter started out with an average level of senior female representation of 27%. The signatory base has grown since then and average representation now stands at 35%.</p><p>The Treasury Committee’s Sexism in the City inquiry recently made a number of recommendations to the industry, the regulators and Government to consider in order to accelerate progress. The Government will respond to the report and its recommendations in due course.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 25/03/2024 16:58:46 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694893

	registered interest
	date	11/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Exchange Rates: 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 the impact of recent fluctuations in the exchange rate of the pound sterling on the price of imports and exports.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3192
	answer	answer is ministerial correction date of answer 25/03/2024 answer text <p>Many factors have been relevant in driving movements in aggregate trade prices.</p><p> </p><p>While movements in the exchange rate would likely have influenced these changes in trade prices, movements in broader global prices (such as energy and other tradable commodities) have been a far bigger factor in driving movements in aggregate trade prices.</p> answering member printed Baroness Vere of Norbiton question first answered 25/03/2024 16:54:26 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1695981

	registered interest
	date	13/03/2024
	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	Gas Fired Power Stations: Environment Protection
	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 environmental impact and carbon emissions associated with the development of gas-fired power plants.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3266
	answer	answer is ministerial correction date of answer 22/03/2024 answer text <p>Renewables need to be complemented by flexible technologies which can provide power when the wind is not blowing, or the sun does not shine.</p><p> </p><p>The Climate Change Committee’s independent analysis finds that a power sector without unabated gas in 2035 would be “likely to increase costs and delivery risks”. Their power sector analysis sees unabated gas providing around 2% of total electricity generation in 2035.</p><p> </p><p>In the future, unabated gas plants will only run a limited number of hours per year, and we expect all new plants to be net zero ready.</p> answering member printed Lord Callanan question first answered 22/03/2024 13:07:30 answering member 4336 label Biography information for Lord Callanan
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694891

	registered interest
	date	11/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Holiday Accommodation and Multiple Occupation: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to the Budget statement announced by the Chancellor of the Exchequer on 6 March, what assessment they have made of the long-term implications of abolishing tax relief for holiday lets and ending multiple dwelling relief from stamp duty land tax on the housing market and local economies.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3190
	answer	answer is ministerial correction date of answer 21/03/2024 answer text <p>By abolishing the Furnished Holiday Lettings tax regime, the government will remove the current incentive for landlords to offer short‑term holiday lets rather than longer-term homes. This will level the playing field between short-term holiday lets and long-term lets and support people to live in their local area.</p><p>An external evaluation exploring the use of Multiple Dwellings Relief showed no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.</p> answering member printed Baroness Vere of Norbiton question first answered 21/03/2024 12:35:29 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694010

	registered interest
	date	05/03/2024
	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	Employment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to the Institute for Public Policy Research report State of the North 2024: Charting the Course for a Decade of Renewal, published in March, what steps they are taking to address the widening gap in employment between London and the rest of England.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3047
	answer	answer is ministerial correction date of answer 20/03/2024 answer text <p>This Government has made significant progress in creating jobs across the whole of England, and we are taking further steps to reduce regional disparities in employment. The Living Standards mission in the Levelling Up White Paper commits to increasing pay, employment and productivity in every region of the UK by 2030.</p><p>The refocussed Investment Zones programme covers eight places across the North and Midlands, providing more jobs in places and levelling up the economy. Additionally, all eight English Freeports are open for business, unlocking investment into port communities and their hinterlands and bringing jobs to these areas.</p><p>Following trailblazer deals agreed with the West Midlands and Greater Manchester in March 2023, further trailblazing provisions have been agreed with the North East, enabling local leaders to drive growth in key sectors and tailor local employment support approaches and initiatives that address needs in the area.</p><p> </p><p> </p> answering member printed Baroness Scott of Bybrook question first answered 20/03/2024 16:26:03 answering member 4553 label Biography information for Baroness Scott of Bybrook
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694353

	registered interest
	date	06/03/2024
	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	Products: Environment Protection
	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 assess the impact of the EU's introduction of digital product passports on trade agreements and standards between the EU and the UK, and (2) to ensure compatibility and interoperability with global trading partners' systems.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3088
	answer	answer is ministerial correction date of answer 20/03/2024 answer text <p>My Department is reviewing the product safety framework to ensure it is responsive to new challenges and fit for the future. This includes exploring digital solutions. We have recently announced our intention to introduce new legislation to allow digital labelling for a wide range of product regulations and are working with delivery partners to explore making product safety information digitally available.</p><p>As we develop our future regulatory framework we are considering the approaches being taken globally and are working closely with other departments to ensure an across Government approach that best meets the UK’s needs.</p> answering member printed Lord Johnson of Lainston question first answered 20/03/2024 15:32:43 answering member 4949 label Biography information for Lord Johnson of Lainston
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694721

	registered interest
	date	07/03/2024
	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	Gambling: 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 to address the risks posed by the use of artificial intelligence in the gambling industry, particularly (1) problem gambling, (2) addiction, and (3) mental health issues.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3132
	answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>The Gambling Commission, Great Britain’s statutory regulator, continues to monitor industry developments in artificial intelligence, informed by the expertise of its Digital Advisory Panel. This includes the exploration and consideration of the use of artificial intelligence and machine learning by gambling operators, and engagement with the industry better to understand their uses of AI. The Gambling Commission will continue to increase its capacity and capability to deploy data science in its regulation through the formation of a new Data Innovation Hub.</p><p>All gambling operators which provide gambling services to customers in Great Britain must be licensed by the Gambling Commission, and must comply with its codes of practice. The social responsibility code requires them to have and to put into effect policies and procedures to promote socially responsible gambling. These should reduce the risk of, and seek to identify those struggling with, problem gambling. The Gambling Commission has the power to remove an operating licence where a gambling business is deploying AI in a manner that undermines the statutory licensing objectives and duties.</p> answering member printed Lord Parkinson of Whitley Bay question first answered 19/03/2024 17:27:32 answering member 4728 label Biography information for Lord Parkinson of Whitley Bay
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694009

	registered interest
	date	05/03/2024
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Retail Trade: Crime
	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 role of technology in tackling theft and violence in convenience stores across the UK.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3046
	answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>The Government recognises the significant impact shoplifting and violence towards shopworkers has on businesses, communities, and consumers, and supports the use of emerging technologies to prevent and detect crime where it is necessary, proportionate, and fair.</p><p>In October, the National Police Chiefs’ Council (NPCC) published the Retail Crime Action Plan. Through this Plan, all forces across England and Wales have committed to prioritise police attendance at the scene where violence has been used towards shop staff, where an offender has been detained by store security, and where evidence needs to be secured and can only be done by police personnel.</p><p>The plan encourages the use of technology; where CCTV or other digital images are secured, police will run this as standard through the Police National Database using facial recognition technology to further aid efforts to identify prolific offenders or potentially dangerous individuals.</p><p>Innovative technologies have huge potential to cut crime and reduce the cost of crime to businesses, as well as making workplaces and communities safer. The Government is keen to support increased adoption of these technologies, to prevent crime, recognising this must be done in a lawful and proportionate way with due consideration given to privacy. We are continuing to work closely with retail businesses, security representatives, trade associations and policing through the National Retail Crime Steering Group to discuss how technology can be used to tackle retail crime.</p><p>The National Business Crime Centre has been running workshops with retailers and Digital Evidence Management System (DEMS) providers to support the use of DEMS to help assist in sharing evidence with the police.</p> answering member printed Lord Sharpe of Epsom question first answered 19/03/2024 14:30:08 answering member 4888 label Biography information for Lord Sharpe of Epsom
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1694723

	registered interest
	date	07/03/2024
	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	Business: Prices and Supply Chains
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what steps they are taking to safeguard firms from the effects of rising prices and supply chain disruptions.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3134
	answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>This government is committed to ensuring that the UK is a reliable, supportive place to do business where firms can import the goods they need efficiently. At Spring Budget 2024 the government announced measures that continue to support business, including increasing the VAT registration threshold and extending the Recovery Loan Scheme (now named the Growth Guarantee Scheme).</p><p> </p><p>Mitigating supply chain disruptions remains a priority for government. In January 2024, the government published the Critical Imports and Supply Chains Strategy, which will help UK businesses build secure and reliable supply chains and access the goods they need.</p> answering member printed Lord Johnson of Lainston question first answered 19/03/2024 11:47:44 answering member 4949 label Biography information for Lord Johnson of Lainston
	tabling member	1796 label Biography information for Lord Taylor of Warwick