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1686106

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Wealth: Women
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government why they are increasing the income threshold for high net worth individuals from £100,000 to £170,000; what forecast they have made of the impact of these changes on the numbers of women who may qualify; and what forecast they have made of the impact of these changes on women’s economic parity in the UK.
tabling member printed	Baroness McGregor-Smith
uin	HL2040
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022. Impacts of the proposals were considered, and a consultation response and de minimis impact assessment were published alongside the final reforms. The changes made aimed to both reduce the risk of consumer detriment and preserve the ability of SMEs to raise finance under the exemptions.</p><p>However, the Government recognises the significant concerns that have been raised recently about these changes. The Economic Secretary met last week with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL1954 question first answered 08/02/2024 11:54:51 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4554 label Biography information for Baroness McGregor-Smith

1249005

registered interest
date	04/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus: Disease Control
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the economic impact of the Health Protection (Coronavirus, Restrictions) (England) (No.4) Regulations 2020.
tabling member printed	Baroness McGregor-Smith
uin	HL9996
answer	answer is ministerial correction date of answer 18/11/2020 answer text <p>As the Chancellor said in his letter to the TSC on 4 November, HM Treasury does not prepare formal forecasts for the UK economy, which are the responsibility of the independent OBR. They will publish their next forecast on 25 November.</p><p>In addition, within their statutory mandates, the Bank of England’s Monetary Policy Committee (MPC) produce analysis which reflect their independent judgements regarding the impact of Covid-19 on the likely path of the economy. They updated their projections in their Monetary Policy Report published on 5 November. This reflected UK restrictions announced up to 31 October, including “heightened England-wide measures for the period 5 November to 2 December”. In this scenario, GDP was revised downwards and is now expected to contract by 2% in Q4 reflecting the impact of stricter measures to control Covid-19.</p> answering member printed Lord Agnew of Oulton question first answered 18/11/2020 17:14:53 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4554 label Biography information for Baroness McGregor-Smith