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1024269

registered interest
date	12/12/2018
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Overseas Trade: USA
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of (1) reports that the United States’ economy may be heading into a recession, and (2) the impact this could have on UK–US trade.
tabling member printed	Lord Taylor of Warwick
uin	HL12263
answer	answer is ministerial correction date of answer 19/12/2018 answer text <p>HMG is continually monitoring developments in the US economy, which have a substantial influence on the global economy and directly impact on UK-US trade.</p><p> </p><p>In line with the IMF’s forecast, the Office for Budget Responsibility expects US GDP growth of 2.9 and 2.5 per cent in 2018 and 2019 respectively.</p><p> </p><p>The US is the UK’s largest trading partner and the UK’s top export destination. Our trading relationship is worth over £180bn a year including almost £112 billion in UK exports of goods and services to the US in 2018.</p> answering member printed Baroness Fairhead question first answered 19/12/2018 17:08:44 answering member 4690 label Biography information for Baroness Fairhead
tabling member	1796 label Biography information for Lord Taylor of Warwick

1024270

registered interest
date	12/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: BRIC Countries
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to strengthen financial ties with (1) India, and (2) China, after Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL12264
answer	answer is ministerial correction date of answer 20/12/2018 answer text <p>Over the last decade, the United Kingdom has developed strong financial links with both India and China through the Economic &amp; Financial Dialogues held with each country. For example, agreements have been reached with China that have established London as the leading global centre for Renminbi trading, with a 39% share – more than Hong Kong and New York combined. And the City of London has played a key role in the development of the Indian masala bond market, with over US$5 billion raised through masala bonds on the London Stock Exchange to date. The Government is looking forward to holding the tenth edition of the dialogues with both India and China in 2019.</p><p> </p> answering member printed Lord Bates question first answered 20/12/2018 14:10:55 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1024271

registered interest
date	12/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to collect more tax revenue from large multinational companies.
tabling member printed	Lord Taylor of Warwick
uin	HL12265
answer	answer is ministerial correction date of answer 20/12/2018 answer text <p>The Government has taken significant steps, domestically and internationally, to ensure that multinationals pay the right amount of tax in the UK.</p><p> </p><p>The UK has led on initiating the OECD Base Erosion and Profit Shifting project and in delivering its recommendations into domestic legislation, for example the corporate interest restriction.</p><p> </p><p>In April 2015, the Government introduced the Diverted Profits Tax which seeks to counter contrived arrangements used to divert profits away from the UK.</p><p> </p><p>At Budget 2018, the Chancellor announced the introduction of the Digital Services Tax, intended to ensure that digital businesses pay UK tax which reflects the value they derive from UK users.</p> answering member printed Lord Bates question first answered 20/12/2018 14:39:12 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1024273

registered interest
date	12/12/2018
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 Her Majesty's Government what assessment they have made of (1) reports that Switzerland may be offered temporary access to EU stock markets, and (2) the implications that any decision on a "Swiss-style" equivalence arrangement could have on the UK financial sector after Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL12266
answer	answer is ministerial correction date of answer 20/12/2018 answer text <p>The EU previously found Swiss stock exchanges equivalent under the MiFID II share trading obligation until 31 December 2018. Switzerland is an important financial partner for the UK and we support an extension of the equivalence decision for Swiss stock exchanges.</p><p>The Government has successfully negotiated an agreement on the future relationship for financial services when we leave the EU that touches on the full spectrum of the UK’s White Paper position. The Political Declaration outlines that there should be initial decisions on equivalence by June 2020 and clear processes around the suspension and withdrawal of equivalence decisions in future. This should be supported by a legally-binding bilateral agreement for structured regulatory dialogue and consultation to ensure financial services are regulated compatibly, and that changes in legislation and the implications for trade are managed well.</p><p>The Government’s long-term economic analysis sets out the impact of the UK’s White Paper position on the financial services sector.</p> answering member printed Lord Bates question first answered 20/12/2018 14:15:49 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

1023647

registered interest
date	11/12/2018
answering body	Foreign and Commonwealth Office
answering dept id	16
answering dept short name	Foreign and Commonwealth Office
answering dept sort name	Foreign and Commonwealth Office
hansard heading	Kosovo: Serbia
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of diplomatic tensions between Kosovo and Serbia; and whether they would support a membership application from Kosovo to join the EU.
tabling member printed	Lord Taylor of Warwick
uin	HL12201
answer	answer is ministerial correction date of answer 21/12/2018 answer text <p>​We are concerned by the tensions between Kosovo and Serbia and are urging both countries to avoid any escalation and re-commit to the EU-facilitated Dialogue. Normalising relations between Serbia and Kosovo is crucial for the security, stability and prosperity of both countries and the wider region. We support the EU-facilitated Dialogue between Serbia and Kosovo with a view to a comprehensive and sustainable solution that enjoys popular support in both countries.</p><p>We continue to support all countries committed to the EU accession process in meeting the necessary requirements.</p> answering member printed Lord Ahmad of Wimbledon question first answered 21/12/2018 13:50:24 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	1796 label Biography information for Lord Taylor of Warwick

1023648

registered interest
date	11/12/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Business: Billing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, following their consultation, Creating a responsible payment culture: a call for evidence on tackling late payment, published on 4 October, whether they have any plans to introduce penalty measures on companies who make late payments to small businesses; and if so, what are those measures.
tabling member printed	Lord Taylor of Warwick
uin	HL12202
answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>The Government is determined to eliminate the continuing scourge of late payments, and understands how important this is, especially for smaller businesses. The Government has a range of measures in place to tackle late payment. It is now a legal requirement for the UK’s largest businesses to report on their payment practices every six months. We have also created the Small Business Commissioner to address small business complaints about late payment and foster a cultural change to encourage responsible payment practices across the UK economy.</p><p> </p><p>In October, BEIS launched a public Call for Evidence to understand the impact of late payment on SMEs and to seek views on how the government could go further to tackle the problem. The call for evidence closed on 29 November with nearly 300 responses. It is right and proper that the Government carefully considers the views of respondents before formally responding.</p> answering member printed Lord Henley question first answered 17/12/2018 15:34:38 answering member 2616 label Biography information for Lord Henley
tabling member	1796 label Biography information for Lord Taylor of Warwick

1023649

registered interest
date	11/12/2018
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Apprentices
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to ensure that they meet their target of creating three million apprenticeships by 2020.
tabling member printed	Lord Taylor of Warwick
uin	HL12203
answer	answer is ministerial correction date of answer 20/12/2018 answer text <p>In 2015, we set an ambitious goal of three million high quality apprenticeship starts, which remains our ambition. The government’s apprenticeship reforms are delivering high quality apprenticeships that will lead to a more skilled and productive economy. We will not sacrifice quality for quantity in creating these starts.</p><p>Our reforms place employers at the heart of designing apprenticeships and the standards that they create are at the centre of our reforms to create a world-class system. The shift to higher quality standards with a longer average duration, together with the 20% off-the-job training requirement and the drop-off in frameworks, has already contributed to a 25% rise in expected apprenticeship training hours in the first half of 2017-18. In 2017-18, we saw the proportion of starts on new high quality standards rise to 44%, in comparison to just 5% in 2016-17. We also saw continued growth of apprenticeship starts at higher levels, from level 4 onwards, where starts increased by almost 32% in 2017-18 compared to 2016-17.</p><p>We are working closely with employers to help them take advantage of these changes to grow their apprenticeship programmes and to contribute to meeting our target, backed by increased investment as announced in this year’s budget. We are reducing the apprenticeship co-investment rate from 10% to 5% in 2019. Also, from next year, large levy-paying employers will be able to transfer 25% of the funds entering their account each year to fund apprenticeships at other employers. By 2019-20, the annual spending on apprenticeships in England will reach £2.5 billion which, in monetary terms, is double what it was in 2010-11.</p><p>To unlock these new apprenticeship starts, we are promoting apprenticeships to young people and their parents and teachers, as well as to prospective employers, to make sure that they are aware of the potential of apprenticeships to develop skills and to increase earnings and improve life chances.</p> answering member printed Lord Agnew of Oulton question first answered 20/12/2018 17:17:19 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1023650

registered interest
date	11/12/2018
answering body	Ministry of Defence
answering dept id	11
answering dept short name	Defence
answering dept sort name	Defence
hansard heading	Defence Equipment: Production
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to increase UK arms production.
tabling member printed	Lord Taylor of Warwick
uin	HL12204
answer	answer is ministerial correction date of answer 20/12/2018 answer text <p>We review our requirements to address the particular threats faced by the UK when appropriate. Our policy is to compete wherever possible, whilst ensuring that UK companies have the greatest possible opportunity to bid into our programmes.</p> answering member printed Earl Howe question first answered 20/12/2018 15:23:14 answering member 2000 label Biography information for Earl Howe
tabling member	1796 label Biography information for Lord Taylor of Warwick

1022913

registered interest
date	10/12/2018
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Retail Trade: Urban Areas
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 impact of a decline in shopper footfall on UK high street stores.
tabling member printed	Lord Taylor of Warwick
uin	HL12167
answer	answer is ministerial correction date of answer 19/12/2018 answer text <p>Over the last five years high street footfall across the UK has fallen by an average of 1.6 per cent each year. This represents a consistent but relatively slow decline in high street footfall nationally. We know that footfall trends vary greatly from place to place, with some towns faring much better than others.</p><p>High streets are a crucial part of our communities. The Government is determined to see our high streets thriving, both now and in the future. We want to see vibrant hubs where people live, shop, use services, and spend their leisure time.</p><p>This is why we have announced Our Plan for the High Street at budget. This includes cutting business rates by a third for up to 90 per cent of retail properties for two years, a High Streets Task Force to support local leadership, consultation on planning reform and a register of empty properties.</p><p>To support the long-term adaptation of high streets, we are creating a £675 million Future High Streets Fund. We will be publishing a prospectus for the Fund shortly.</p> answering member printed Lord Bourne of Aberystwyth question first answered 19/12/2018 13:05:55 answering member 4282 label Biography information for Lord Bourne of Aberystwyth
tabling member	1796 label Biography information for Lord Taylor of Warwick

1022914

registered interest
date	10/12/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Transport: Manufacturing Industries
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of transport equipment manufacturing output.
tabling member printed	Lord Taylor of Warwick
uin	HL12168
answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>According figures published by the office for National Statistics output in the transport equipment manufacturing sectors has seen record high levels over the past year and has increased by 46% between 2010 and 2017 in real terms.</p><p> </p><p>The table below lists real terms gross value added for the sector over the last eight years.</p><p> </p><p><strong>Transport Equipment Manufacturing Gross Value Added</strong></p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Real Terms GVA (£m 2016 prices)</strong></p></td></tr><tr><td><p>2010</p></td><td><p>18,525</p></td></tr><tr><td><p>2011</p></td><td><p>20,374</p></td></tr><tr><td><p>2012</p></td><td><p>21,238</p></td></tr><tr><td><p>2013</p></td><td><p>22,862</p></td></tr><tr><td><p>2014</p></td><td><p>23,640</p></td></tr><tr><td><p>2015</p></td><td><p>25,019</p></td></tr><tr><td><p>2016</p></td><td><p>26,072</p></td></tr><tr><td><p>2017</p></td><td><p>27,144</p></td></tr></tbody></table><p>Source: ONS GPD Low-level aggregates</p><p> </p><p>The vast majority of transport equipment manufacturing is accounted for by the manufacture of automotive and aerospace equipment, but the sector also covers the manufacture of rail rolling stock, ships and boats, motorcycles, cycles and mobility scooters.</p> answering member printed Lord Henley question first answered 17/12/2018 15:34:54 answering member 2616 label Biography information for Lord Henley
tabling member	1796 label Biography information for Lord Taylor of Warwick