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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

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

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

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