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1719883

registered interest
date	21/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Departments: Research
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what is the break-down of the planned cuts to be made to each government department's research and development budget to help fund the commitment to spend 2.5 per cent of gross domestic product on defence by 2030.
tabling member printed	Baroness Anderson of Stoke-on-Trent
uin	HL4806
answer	answer is ministerial correction date of answer 23/05/2024 answer text <p>We have committed to increase government R&amp;D spending by £2 billion, from £20 billion in 2024-25 to £22 billion in the next Parliament.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 23/05/2024 15:48:10 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4508 label Biography information for Baroness Anderson of Stoke-on-Trent

1718134

registered interest
date	14/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Broadcasting Programmes and Film: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what consideration they have given to incorporating health and safety requirements into tax incentives for film and television productions, similar to those implemented recently in California.
tabling member printed	Baroness Smith of Basildon
uin	HL4646
answer	answer is ministerial correction date of answer 21/05/2024 answer text <p>The Government is not currently considering incorporating health and safety requirements into tax incentives for film and television productions, however the Government keeps the tax system under review.</p> answering member printed Baroness Vere of Norbiton question first answered 21/05/2024 11:17:15 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4170 label Biography information for Baroness Smith of Basildon

1717442

registered interest
date	13/05/2024
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 what steps they are taking to leverage the positive growth momentum reported in the first quarter of 2024, particularly in sectors such as housing and recreation, to stimulate further economic expansion and job creation.
tabling member printed	Lord Taylor of Warwick
uin	HL4607
answer	answer is ministerial correction date of answer 20/05/2024 answer text <p>The government continues to pursue an ambitious policy agenda to increase growth and productivity across the economy.</p><p> </p><p>Alongside wider pro-growth measures announced at recent fiscal events, the Government is taking action in relation to housing and recreation. To ensure that people can live where they want to and meet the needs of the UK’s growing, cutting-edge industries, the Spring Budget allocated over £260 million to build more homes now. The Government also set out further detail on plans to support growth in Cambridge with long-term funding at the next Spending Review, to build on the success of the UK’s third most productive city.</p><p> </p><p>The Government is also taking action to leverage growth in recreation. We have committed to the Creative Industries Sector Vision which sets out our vision for the sector to become an even greater growth engine, with a goal to support 1 million more creative jobs by 2030. At Spring Budget 2024, the Government announced a package that will provide over £1 billion in additional tax relief over the next five years.</p> answering member printed Baroness Vere of Norbiton question first answered 20/05/2024 13:56:57 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1717037

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to oral evidence by officials on the work of HMRC given to the Treasury Select Committee on 24 April, how many HMRC employees on 1 January had earnings at or below the national minimum wage.
tabling member printed	Lord Sikka
uin	HL4543
answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>HMRC complies with the statutory requirement and all colleagues are paid the National Living Wage rate or above.</p><p><strong> </strong></p> answering member printed Baroness Vere of Norbiton question first answered 16/05/2024 12:58:35 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1717040

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
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 bank loan application success rates of small and medium-sized enterprises.
tabling member printed	Lord Taylor of Warwick
uin	HL4546
answer	answer is ministerial correction date of answer 15/05/2024 answer text <p>The Government recognises the vital importance small and medium-sized enterprises (SMEs) and is committed to supporting SMEs grow and create jobs by providing an environment in which they can thrive.</p><p> </p><p>Access to finance for small businesses is important to drive growth. The government supports that access through the Recovery Loan Scheme, which offers a 70% government guarantee on loans to SMEs</p><p>of up to £2 million. The scheme has supported over £5.3 billion of finance to SMEs since its introduction in April 2021.</p><p> </p><p>At the 2024 Spring Budget, the Government announced that the Recovery Loan Scheme would be extended to the end of March 2026, and renamed as the Growth Guarantee Scheme.</p> answering member printed Baroness Vere of Norbiton question first answered 15/05/2024 16:00:39 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1717043

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to improve the speed and efficiency of the Financial Conduct Authority's authorisation process for financial services firms.
tabling member printed	Baroness Verma
uin	HL4549
answer	answer is ministerial correction date of answer 23/05/2024 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from Government, and is responsible for the authorisation processes for financial services firms. It is fully accountable to Parliament and the Treasury for how it discharges its statutory functions.</p><p> </p><p>Both the government and the FCA are committed to ensuring the FCA has world-leading levels of operational effectiveness. The Government wrote to the FCA in December 2022 to highlight the importance of operational effectiveness for UK competitiveness. The FCA started publishing operating service metrics relating to authorisation processing on a quarterly basis in May 2023; these can be accessed on the FCA’s website.</p><p> </p><p>Following the Government’s Call for Proposals last year, the FCA will start publishing additional operating metrics this summer, to support further scrutiny. These metrics will initially be published as part of the FCA’s Annual Report, and the report it is required to make on its implementation of its new secondary objective to facilitate the growth and competitiveness of the UK economy.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 23/05/2024 15:06:07 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3790 label Biography information for Baroness Verma

1717044

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies: Foreign Investment in UK
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they have made an assessment of the regulatory regimes in (1) Singapore, (2) the United Arab Emirates, and (3) the European Union, in attracting the business of crypto and digital assets firms; and in doing so, whether they have identified any lessons to learn in seeking to establish the United Kingdom as a global crypto asset technology hub.
tabling member printed	Baroness Verma
uin	HL4550
answer	answer is ministerial correction date of answer 23/05/2024 answer text <p>Last year, the government published its final proposals for the financial services regulation of cryptoassets in the UK and is currently working on legislation to implement those proposals.</p><p> </p><p>In progressing the UK’s regulatory framework for cryptoassets, the government has been closely engaged to both monitor developments in other jurisdictions, and to support thought leadership on cryptoassets in international fora such as the Financial Stability Board.</p><p> </p><p>The Treasury also has regular economic and financial dialogues with partners such as Singapore and the European Union to share knowledge and discuss opportunities for cooperation in financial services, including cryptoassets regulation.</p> answering member printed Baroness Vere of Norbiton question first answered 23/05/2024 15:05:51 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3790 label Biography information for Baroness Verma

1717050

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Devolution: Finance
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 provision of finance to the three devolved administrations; and whether such provision is adequate to meet demand for public services in each area.
tabling member printed	Lord Empey
uin	HL4503
answer	answer is ministerial correction date of answer 22/05/2024 answer text <p>The devolved administrations are well-funded to deliver their devolved responsibilities.</p> answering member printed Baroness Vere of Norbiton question first answered 22/05/2024 15:03:35 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4216 label Biography information for Lord Empey

1717051

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what discussions they have had with the Northern Ireland Executive pertaining to the budget for 2024–2025; and what was the outcome of those discussions.
tabling member printed	Lord Empey
uin	HL4504
answer	answer is ministerial correction date of answer 22/05/2024 answer text <p>The Northern Ireland Executive (NIE) has responsibility for allocating its budget for 2024-25.</p><p> </p><p>The NIE are well-funded to deliver their devolved responsibilities. As part of the 2024 Northern Ireland Executive restoration financial package, the UK Government committed to provide over £640 million of funding to the NIE in 2024-25. This includes £34 million to tackle health waiting lists in Northern Ireland.</p><p> </p><p>The UK Government also committed to agree a Fiscal Framework for Northern Ireland as part of the Northern Ireland Executive’s restoration financial package.</p><p> </p><p>On 21 May 2024, the Interim Fiscal Framework was agreed. This is an early and significant step in realising the commitment towards new funding arrangements for Northern Ireland. Included in this Interim Fiscal Framework is the application of the 24% needs-based factor in the Barnett formula for Northern Ireland.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL4505 HL4506 question first answered 22/05/2024 16:04:33 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4216 label Biography information for Lord Empey

1717052

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether the Northern Ireland Executive has requested additional financial assistance for their budget for 2024–2025; and if so, by how much, and for what purpose.
tabling member printed	Lord Empey
uin	HL4505
answer	answer is ministerial correction date of answer 22/05/2024 answer text <p>The Northern Ireland Executive (NIE) has responsibility for allocating its budget for 2024-25.</p><p> </p><p>The NIE are well-funded to deliver their devolved responsibilities. As part of the 2024 Northern Ireland Executive restoration financial package, the UK Government committed to provide over £640 million of funding to the NIE in 2024-25. This includes £34 million to tackle health waiting lists in Northern Ireland.</p><p> </p><p>The UK Government also committed to agree a Fiscal Framework for Northern Ireland as part of the Northern Ireland Executive’s restoration financial package.</p><p> </p><p>On 21 May 2024, the Interim Fiscal Framework was agreed. This is an early and significant step in realising the commitment towards new funding arrangements for Northern Ireland. Included in this Interim Fiscal Framework is the application of the 24% needs-based factor in the Barnett formula for Northern Ireland.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL4504 HL4506 question first answered 22/05/2024 16:04:33 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4216 label Biography information for Lord Empey