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1719908
registered interest false more like this
date less than 2024-05-21more like thismore than 2024-05-21
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading UK Trade with EU: Carbon Emissions more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what plans they have to align the UK's carbon border tax with the EU's mechanism to ensure that the UK steel industry is not adversely affected by the delayed implementation. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4831 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-24more like thismore than 2024-05-24
answer text <p>A Carbon Border Adjustment Mechanism (CBAM) is a novel mechanism yet to be fully implemented anywhere in the world.</p><p>Implementation of the UK CBAM by 2027 will allow government to consult fully with those affected throughout the design and implementation phases. It will also give those affected in the UK and overseas more time to prepare for the changes and put appropriate processes in place with their supply chains to enable them to comply.</p><p>The effective EU CBAM charge will be introduced gradually from 2026 to 2034 to match their phase out of free allowances for sectors covered by the CBAM, including iron &amp; steel. In 2026, only a relatively small amount of the emissions embodied in CBAM goods will face the EU CBAM charge when they are imported to the EU.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-05-24T11:43:21.037Zmore like thismore than 2024-05-24T11:43:21.037Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1715448
registered interest false more like this
date less than 2024-05-01more like thismore than 2024-05-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Foreign Investment in UK more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to (1) retain, and (2) attract, foreign financial firms and jobs in the UK. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4309 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-15more like thismore than 2024-05-15
answer text <p>Financial and related professional services employ more than 2 million people in the UK and the Government is committed to ensuring the UK remains the location of choice for top talent from across the world. This is part of the Government’s mission to ensure the UK retains its position as one of the most innovative and competitive financial centres in the world. Most recently, at Spring Budget 2024, the Chancellor updated on the ambitious package of reforms which will help to deliver the Government’s vision for a financial sector that is open, sustainable, technologically innovative, and globally competitive.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-05-15T16:00:12.457Zmore like thismore than 2024-05-15T16:00:12.457Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1714633
registered interest false more like this
date less than 2024-04-29more like thismore than 2024-04-29
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Companies: Insolvency more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, following the recent decline in corporate insolvencies, what steps they are taking to (1) identify the factors they believe contributed to this reduction, and (2) ensure this trend continues. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4182 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-13more like thismore than 2024-05-13
answer text <p>The Government was pleased to see that statistics reported by the Insolvency Service showed the number of corporate insolvencies in March 2024 had fallen by 28% compared to March 2023.</p><p>The Government continues to help businesses, including through a swathe of policy measures in the Autumn explicitly aimed at ‘Backing British business’. Recent and current Government policies supporting businesses include:</p><p>· Energy Bills Discount Scheme that provided discounts on high energy bills to eligible businesses and other non-domestic energy users from April 2023 to April 2024, with higher support to businesses in energy / trade intensive sectors.</p><p>· Continued frozen small business rates multiplier and business rates relief for the Retail, Hospitality and Leisure sector, the latter policy supporting around 230,000 properties up to £110,000 per business. Transitional Relief to protect ratepayers facing bill increases due to rising rateable value and scrapping ‘downwards caps’.</p><p>· Payment and cashflow review outlining measures to combat late payments that can jeopardise stable cashflows, and penalising late paying firms by exempting those paying invoices after an average of 55 days from bidding for Government contracts worth over £5mn.</p><p>The Government will continue to monitor the UK corporate sector, including insolvency trends, using official data and engaging with firms and business groups to inform policy decisions.</p>
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-05-13T15:54:57.457Zmore like thismore than 2024-05-13T15:54:57.457Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1714014
registered interest false more like this
date less than 2024-04-25more like thismore than 2024-04-25
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Arts more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what discussions they have had with the EU regarding barriers to trade and exports faced by the creative industries since Brexit; what steps they are taking to address this; and what plans they have to support UK creative businesses in global markets. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4121 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-10more like thismore than 2024-05-10
answer text <p>The creative industries have been identified by the Government as one of five priority growth sectors. As set out in the Creative Industries Sector Vision,by 2030 the Government aims to grow our the creative industries by an extra £50 billion Gross Value Added, with a goal to increase creative exports 55% to £78 billion over this period.</p><p>The Government is committed to supporting the creative sector to adapt to requirements for working and touring in the EU. For example, 23 out of 27 EU Member States have clarified arrangements or introduced easements to allow visa and work permit free routes for UK touring performers.</p> more like this
answering member printed Lord Johnson of Lainston more like this
question first answered
less than 2024-05-10T13:49:26.263Zmore like thismore than 2024-05-10T13:49:26.263Z
answering member
4949
label Biography information for Lord Johnson of Lainston more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1713738
registered interest false more like this
date less than 2024-04-24more like thismore than 2024-04-24
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading Immigration Controls: Borders more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what plans they have to support small businesses in adapting to additional costs for post-Brexit border checks. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4088 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-13more like thismore than 2024-05-13
answer text <p>To support SMEs, Defra has identified and issued guidance on a number of facilitations and mitigations to reduce the burden of sanitary and phytosanitary import requirements using groupage.</p><p> </p><p>The Common User Charge is designed to spread the costs to be recovered across the maximum number of imports. This approach distributes the cost across business of all sizes and sectors and provides a high level of predictability on costs for all importers.</p><p> </p><p>The impact of the Common User Charge on businesses, and especially on small businesses, will be kept under monthly and quarterly reviews, with rates reviewed and updated annually.</p><p> </p> more like this
answering member printed Lord Douglas-Miller more like this
question first answered
less than 2024-05-13T11:25:20.717Zmore like thismore than 2024-05-13T11:25:20.717Z
answering member
5006
label Biography information for Lord Douglas-Miller more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1701640
registered interest false more like this
date less than 2024-04-16more like thismore than 2024-04-16
answering body
Department for Levelling Up, Housing and Communities more like this
answering dept id 211 more like this
answering dept short name Levelling Up, Housing and Communities more like this
answering dept sort name Levelling Up, Housing and Communities more like this
hansard heading Housing Market more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the findings of the Royal Institution of Chartered Surveyors survey indicating a third consecutive monthly increase in demand in the housing market. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3871 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-04-30more like thismore than 2024-04-30
answer text <p>The Government closely monitors the state of the market and was pleased to see an increase in buyer demand in the latest RICS UK Residential Survey. We have taken a number of steps to support the market in recent months including extending the Mortgage Guarantee Scheme, introducing the Mortgage Charter, reducing stamp duty and continuing our home ownership schemes such as First Homes, Shared Ownership and Lifetime ISA and our support for housebuilding.</p><p> </p> more like this
answering member printed Baroness Swinburne more like this
question first answered
less than 2024-04-30T16:26:55.94Zmore like thismore than 2024-04-30T16:26:55.94Z
answering member
4985
label Biography information for Baroness Swinburne more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1700760
registered interest false more like this
date less than 2024-04-15more like thismore than 2024-04-15
answering body
Home Office more like this
answering dept id 1 more like this
answering dept short name Home Office more like this
answering dept sort name Home Office more like this
hansard heading Mortgages: Fees and Charges more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, following the recent increase in cases of advance fee mortgage scams, what steps they are taking to prevent such scams. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3812 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-04-29more like thismore than 2024-04-29
answer text <p>As part of our Fraud Strategy, we have worked closely with the financial services industry to protect customers against a variety of fraud types, including advance fee scams. This includes the Retail Banking Fraud Sector Charter which has delivered ambitious and innovative actions to prevent authorised fraud and protect customers. We have also agreed similar charters with the telecommunications, accountancy and online sectors.</p><p>According to the Crime Survey of England and Wales, ‘Advance fee fraud’ has decreased by 33% in the year ending September 2023 from 546,000 to 367,000 offences.</p> more like this
answering member printed Lord Sharpe of Epsom more like this
question first answered
less than 2024-04-29T16:08:49.987Zmore like thismore than 2024-04-29T16:08:49.987Z
answering member
4888
label Biography information for Lord Sharpe of Epsom more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1695571
registered interest false more like this
date less than 2024-03-12more like thismore than 2024-03-12
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading Import Controls: Small Businesses more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to address challenges faced by small businesses and importers due to the introduction of new border checks and paperwork requirements post-Brexit. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3221 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-26more like thismore than 2024-03-26
answer text <p>The Border Target Operating Model (BTOM) sets out our new global regime of border controls that makes better use of technology and data to reduce friction and the cost of border controls for businesses and consumers when compared to the proposed July 2022 regime. It will create a radically simpler yet secure experience for traders moving goods across the UK border.</p><p> </p><p>After engaging with stakeholders and considering the implementation challenges they raised, alongside the need to manage biosecurity risks, we have adapted the timeline we originally published in the draft version of the BTOM to give businesses and their supply-chains more time to prepare. Many goods, including more than 60% of animal product consignments, are now deemed low risk and either not controlled at all or only subject to pre-notification, and medium risk goods are subject to fewer physical checks than the EU’s regime.</p><p> </p><p>Defra has also introduced several facilitations for groupage movements, as well as developing our Certification Logistics Pilot. Those facilitations include: relaxed official sealing requirements for animal products; greater flexibility in transporting groupage loads; elimination of 'Either/Or' sections in health certificates; the use of schedules allowing greater number of similar animal products under a single export health certificate, and greater flexibilities in the pre-notification and import declaration processes.</p><p> </p><p>All businesses will also benefit from the Single Trade Window, a simple service gateway that serves as a single point of interaction between businesses and UK border processes, submitting information to the Government only once and in only one place ensuring administration costs are kept to a minimum.</p>
answering member printed Lord Douglas-Miller more like this
question first answered
less than 2024-03-26T13:47:21.973Zmore like thismore than 2024-03-26T13:47:21.973Z
answering member
5006
label Biography information for Lord Douglas-Miller more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1694892
registered interest false more like this
date less than 2024-03-11more like thismore than 2024-03-11
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: Equality more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to accelerate progress towards gender equality in the financial services industry. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3191 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-25more like thismore than 2024-03-25
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 more like this
question first answered
less than 2024-03-25T16:58:46.35Zmore like thismore than 2024-03-25T16:58:46.35Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter
1694008
registered interest false more like this
date less than 2024-03-05more like thismore than 2024-03-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Owner Occupation more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to support property owners facing challenges in refinancing against lower property values. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3045 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-12more like thismore than 2024-03-12
answer text <p>The most comprehensive measure of average house prices in the UK is published by the Office for National Statistics. <br>The vast majority of mortgage lenders have signed a voluntary industry agreement that allows their borrowers to secure a new fixed-rate deal without the need to undertake another affordability assessment.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-03-12T15:17:38.713Zmore like thismore than 2024-03-12T15:17:38.713Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick remove filter