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1698300

registered interest
date	25/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Consumer Prices Index
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 factors contributing to the recent decline in consumer prices inflation.
tabling member printed	Lord Taylor of Warwick
uin	HL3604
answer	answer is ministerial correction date of answer 08/04/2024 answer text <p>The Monetary Policy Committee (MPC) has raised interest rates, which is helping to bring inflation down and return to the 2% target sustainably. The Government's responsible approach to borrowing has helped support the MPC as it brings inflation down.</p><p>The Office for Budget Responsibility expects CPI inflation to fall to the 2% target in the second quarter of 2024, a year earlier than they expected in November.</p> answering member printed Baroness Vere of Norbiton question first answered 08/04/2024 14:00:51 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1698301

registered interest
date	25/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Consumers: Expenditure
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of recent trends in consumer spending; and what assessment they have made of the impact of this on (1) the retail sector, and (2) the wider economy.
tabling member printed	Lord Taylor of Warwick
uin	HL3605
answer	answer is ministerial correction date of answer 08/04/2024 answer text <p>Consumer confidence has strengthened considerably over the past year. The March 2024 release of the GfK index indicated that consumer confidence was 15 points stronger than in March 2023. <br> <br>Government continues to back consumers and retailers. With the economy beginning to turn a corner, we are now able to make responsible tax cuts to boost growth while meeting the fiscal rules to ensure sustainable public finances. These include cutting the employee main rate of National Insurance to 8%, which will make an average worker on £35,400 over £900 a year better off than before.</p><p>At Autumn Statement 2023 we extended Retail, Hospitality and Leisure relief for 2024-5, a tax cut worth £2.4 billion, and froze the small business multiplier for a fourth consecutive year. At Spring Budget 2024, the government went further still by supporting small retailers by increasing the VAT registration threshold to £90,000 and extending the Recovery Loan Scheme, now the Growth Guarantee Scheme.</p><p>Consumer confidence is intrinsically linked to inflation, 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>Combined, recent policy measures will place more money in people’s pockets, helping boost consumer confidence, and strengthen the UK’s retail sector.</p> answering member printed Baroness Vere of Norbiton question first answered 08/04/2024 14:00:30 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1698049

registered interest
date	21/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Growth
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, following reports that the economy returned to growth in January after entering a recession in the second half of 2023, what steps they are taking to (1) support, and (2) sustain positive momentum in, sectors of the economy which have shown signs of growth in 2024.
tabling member printed	Lord Taylor of Warwick
uin	HL3543
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>The government is pursuing an ambitious policy agenda to increase growth and productivity across the economy. This includes making full expensing permanent, a tax cut to companies of over £10 billion a year, to ensure the UK has one of the most generous capital allowances regimes in the world and backing the UK’s priority growth sectors. At Spring Budget 2024, the government set out the next steps in delivering a £4.5 billion funding package for strategic manufacturing sectors over the five years to 2030 and announced over £1 billion of new tax reliefs for creative industries.</p><p> </p><p>The IMF forecasts that the UK will have the third fastest cumulative growth in the G7 over the 2024-2028 period and the OBR expects that policies announced in the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.</p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 16:09:13 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1698050

registered interest
date	21/03/2024
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	Rented Housing
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of regional disparities in rental prices across the UK; and what steps they are taking to address affordability challenges for tenants.
tabling member printed	Lord Taylor of Warwick
uin	HL3544
answer	answer is ministerial correction date of answer 05/04/2024 answer text <p>The ONS publishes a number of regional datasets regarding the cost of private rented sector lettings, such as the monthly (attached) <a href="https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/previousReleases" target="_blank">Price Index of Private Rents</a> and an annual (attached) <a href="https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingaffordabilityinenglandandwales/2023" target="_blank">Housing affordability</a> report, and DLUHC publishes its own annual (attached) <a href="https://gbr01.safelinks.protection.outlook.com/?url=https://www.gov.uk/government/collections/english-housing-survey-2022-to-2023-headline-report&amp;data=05|02|PS.Advisers@levellingup.gov.uk|366ef25719394858a98608dc5476457b|bf3468109c7d43dea87224a2ef3995a8|0|0|638478114139253789|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0=|0|||&amp;sdata=47gh1i7TqmiQVpZV0zQeGGBoRy2/kqij9XBFBRPBwXw=&amp;reserved=0" target="_blank">English Housing Survey</a>.</p><p> </p><p>Individuals who need help to make their rent payments may be eligible for a range of support through the welfare system. From April 2024, the Government will raise Local Housing Allowance rates to the 30th percentile of local market rents. This significant investment of £1.2 billion means 1.6 million low-income households will gain, on average, nearly £800 per year in additional help towards their rental costs in 2024/25. For those who face a shortfall in meeting their housing costs and need more support, Discretionary Housing Payments and Household Support Fund grants are also available from local authorities.</p> answering member printed Baroness Swinburne attachment 1 file name HL3544 Index of Private Housing Rental Prices, UK Statistical bulletins - Office for National Statistics.pdf title Price Index of Private Rents 2 file name HL3544 - Housing affordability in England and Wales - Office for National Statistics.pdf title Housing affordability 3 file name HL3544 - English Housing Survey 2022 to 2023_ headline report - GOV.UK.pdf title English Housing Survey question first answered 05/04/2024 13:10:06 answering member 4985 label Biography information for Baroness Swinburne
tabling member	1796 label Biography information for Lord Taylor of Warwick

1698051

registered interest
date	21/03/2024
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Railways: Strikes
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to implement contingency plans to manage the impact of the upcoming train strikes in April across multiple rail companies.
tabling member printed	Lord Taylor of Warwick
uin	HL3545
answer	answer is ministerial correction date of answer 03/04/2024 answer text <p>On 20 March, ASLEF announced a further rolling programme of one-day strikes and action short of strike on the National Rail network. The rail industry is working on contingency planning and will do all it can to minimise the impacts for passengers. During periods of strike action, rail operators deploy measures such as implementing amended timetables to ensure services can be delivered reliably and safely. To minimise impacts and keep passengers informed during periods of strike action, the rail industry uses widespread passenger messaging to publicise disruption and the latest travel information in stations, through websites, and on social media channels.</p><p> </p><p>The government has also put in place legislation to enable train operators to plan for a 40% minimum level of service during strikes. It is a decision for individual employers whether to use this new tool to mitigate the impact of strikes, but we expect operators to be ready and able to do so, and to make that decision in the best interests of passengers.</p><p> </p><p>The Rail Delivery Group has presented a fair and reasonable offer to ASLEF which it rejected without allowing its members to vote on their future. We continue to urge ASLEF to put the offer to their members in the train companies to give them a say on their future.</p> answering member printed Lord Davies of Gower question first answered 03/04/2024 13:59:44 answering member 4499 label Biography information for Lord Davies of Gower
tabling member	1796 label Biography information for Lord Taylor of Warwick

1697686

registered interest
date	20/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay: Inflation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are considering to mitigate the potential inflationary effects of the increase in the National Living Wage and the National Minimum Wage.
tabling member printed	Lord Taylor of Warwick
uin	HL3492
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>In March 2020 the Office for Budget Responsibility estimated that meeting the National Living Wage target of 2/3rds of median earnings by 2024 would increase the level of consumer price inflation by less than 0.1 per cent across that period. Evidence shows employers respond to minimum wage increases in a variety of ways, most commonly by absorbing the additional cost and accepting lower profits.</p><p> </p><p>Inflation reduces real incomes, creates uncertainty, and slows economic growth. It’s essential that the government continues with its efforts to keep inflation down. Inflation has more than halved, falling from its peak of 11.1% in October 2022 to 3.4% in February. The OBR forecasts that inflation will return to the 2% target in the second quarter of this year, a year earlier than forecast in November.</p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 12:48:13 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1697687

registered interest
date	20/03/2024
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	Football: Governing Bodies
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 Football Governance Bill and independent football regulator on the governance structures and processes in football clubs and leagues.
tabling member printed	Lord Taylor of Warwick
uin	HL3493
answer	answer is ministerial correction date of answer 03/04/2024 answer text <p>The Football Governance Bill, introduced to the House of Commons on 19 March, will establish an Independent Football Regulator. In consultation with interested parties and experts, the new regulator will publish a ‘Football Club Corporate Governance Code’. Clubs will be required to report on corporate governance, setting out how they apply the Code in their individual circumstances. This approach has been designed to be proportionate, and to increase transparency, scrutiny and accountability with regard to how football clubs are run.</p> answering member printed Lord Parkinson of Whitley Bay question first answered 03/04/2024 15:42:16 answering member 4728 label Biography information for Lord Parkinson of Whitley Bay
tabling member	1796 label Biography information for Lord Taylor of Warwick

1697712

registered interest
date	20/03/2024
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Aviation: Hydrogen
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 role of hydrogen technology in reducing aviation carbon emissions to net zero by 2050, and what steps they are taking to accelerate the adoption of hydrogen-powered aircraft.
tabling member printed	Lord Taylor of Warwick
uin	HL3494
answer	answer is ministerial correction date of answer 02/04/2024 answer text <p>The Government’s Jet Zero Strategy, published in July 2022, set out our approach to achieving net zero UK aviation by 2050 through multiple different measures. The use of hydrogen is considered in the Zero Emission Flight chapter of the Strategy.</p><p> </p><p>The Strategy anticipates that hydrogen will be first deployed in short haul aviation with recognised uncertainty on the potential for and timing of its scaling up for use in long haul. As with all measures in the Jet Zero Strategy the Government keeps the evidence base under regular review and any changes will be reflected in future updates to the Strategy.</p><p> </p><p>Between 2013 and 2030, industry and government will invest over £5 billion to develop transformational aircraft technology through the Aerospace Technology Institute Programme. This includes co-investment in industry led projects to develop hydrogen aircraft in the UK.</p><p> </p><p>In 2022 a Delivery Group of the government and industry forum the Jet Zero Council was established to accelerate the adoption of zero emission flight.</p> answering member printed Lord Davies of Gower question first answered 02/04/2024 15:15:07 answering member 4499 label Biography information for Lord Davies of Gower
tabling member	1796 label Biography information for Lord Taylor of Warwick

1697296

registered interest
date	19/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the announcement by the Chancellor of the Exchequer on 2 March concerning the requirement by 2027 for pension funds to disclose how much they invest in British businesses, what steps they are taking to assess the potential consequences on overall competitiveness and attractiveness of the UK as an investment destination.
tabling member printed	Lord Taylor of Warwick
uin	HL3426
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>The Chancellor announced at Spring Budget that the government will introduce new requirements for Defined Contribution pension funds to disclose publicly their level of UK equity investments, working closely with the Financial Conduct Authority (the FCA) who share responsibility for setting requirements for the market. The FCA will consult in the Spring. The government will introduce equivalent requirements for Local Government Pension Scheme funds in England &amp; Wales. The government will review what further action should be taken if the data does not demonstrate that UK equity allocations are increasing.</p><p> </p><p>This complements the wider reforms that the Government and regulators are already undertaking to boost UK markets.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 12:46:56 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1697330

registered interest
date	19/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tourism: VAT
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 (1) costs, and (2) benefits, of reintroducing tax-free shopping for international visitors, including the impact on (a) retail sales, (b) employment levels, and (c) economic recovery.
tabling member printed	Lord Taylor of Warwick
uin	HL3428
answer	answer is ministerial correction date of answer 27/03/2024 answer text <p>As set out at Spring Budget 2024, the government is considering the findings of the OBR’s review of the original costing of the withdrawal of tax-free shopping, published in the Economic and Fiscal Outlook on 6 March, alongside industry representations and broader data. The government welcomes further submissions in response to the OBR’s findings.</p> answering member printed Baroness Vere of Norbiton question first answered 27/03/2024 15:29:26 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick