Asked by: Baroness Mone (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government, further to the COVID-19 pandemic, what actions and changes the Rose Review Board intends to recommend (1) to support, and (2) to increase the number of, female entrepreneurs.
Answered by Lord Agnew of Oulton
In response to the Alison Rose Review on Female Entrepreneurship, the government set its ambition to increase the number of female entrepreneurs by 600,000 by 2030. The government is working closely with industry to implement the recommendations of the Rose Review and will engage with further actions proposed by the Board.
HM Treasury launched the Investing in Women Code in 2019 to promote greater transparency in UK funding allocation, and the Code now has over 60 signatories from a wide range of financial institutions. Other actions include the industry-led Council for Investing in Female Entrepreneurs who coordinate industry action to increase investments in female-led firms and the work of industry partners launching new investment vehicles to encourage UK based institutional and private investors to further support and invest in female entrepreneurs.
Asked by: Baroness Mone (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to introduce new tax incentives in their next budget to support the UK housing market.
Answered by Earl of Courtown - Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)
The Government has already made substantial reforms to the taxation of housing. At Autumn Statement 2014 the Government reformed SDLT on residential properties, cutting the tax for 98 per cent of buyers who pay it, unless they are purchasing additional property. At Autumn Budget 2017 the Government went further and introduced an SDLT first-time buyer relief that means that 80 per cent of first-time buyers will not pay SDLT, and 95 per cent of first-time buyers who pay SDLT will benefit from the change.
At the last election the Government committed to introduce an SDLT surcharge on non-UK residents purchasing residential property in England and Northern Ireland. This aims to help control house price inflation and the money raised will be used to tackle rough sleeping.
The Government will announce further updates on all tax measures at the Budget, to be held on 11 March.
Asked by: Baroness Mone (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to reform (1) tax relating to the housing market, and (2) stamp duty, following Brexit.
Answered by Earl of Courtown - Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)
The Government has already made substantial reforms to the taxation of housing. At Autumn Statement 2014 the Government reformed SDLT on residential properties, cutting the tax for 98 per cent of buyers who pay it, unless they are purchasing additional property. At Autumn Budget 2017 the Government went further and introduced an SDLT first-time buyer relief that means that 80 per cent of first-time buyers will not pay SDLT, and 95 per cent of first-time buyers who pay SDLT will benefit from the change.
At the last election the Government committed to introduce an SDLT surcharge on non-UK residents purchasing residential property in England and Northern Ireland. This aims to help control house price inflation and the money raised will be used to tackle rough sleeping.
The Government will announce further updates on all tax measures at the Budget, to be held on 11 March.