Information between 30th April 2024 - 19th June 2024
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Tuesday 21st May 2024 4:15 p.m. Baroness Taylor of Bolton (Labour - Life peer) Debate - Grand Committee Subject: Industry and Regulators Committee report: 'Must do better: the Office for Students and the looming crisis facing higher education' View calendar |
| Division Votes |
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30 Apr 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and against the House One of 123 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 209 Noes - 209 |
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30 Apr 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and in line with the House One of 114 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 214 Noes - 208 |
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30 Apr 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and in line with the House One of 128 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 238 Noes - 217 |
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30 Apr 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and against the House One of 120 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 222 Noes - 222 |
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14 May 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and in line with the House One of 124 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 228 Noes - 213 |
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14 May 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and against the House One of 121 Labour Aye votes vs 1 Labour No votes Tally: Ayes - 221 Noes - 222 |
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21 May 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and in line with the House One of 113 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 203 Noes - 198 |
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21 May 2024 - Victims and Prisoners Bill - View Vote Context Baroness Taylor of Bolton voted Aye - in line with the party majority and in line with the House One of 115 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 211 Noes - 208 |
| Speeches |
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Baroness Taylor of Bolton speeches from: Higher Education (Industry and Regulators Committee Report)
Baroness Taylor of Bolton contributed 3 speeches (2,344 words) Tuesday 21st May 2024 - Grand Committee Department for Education |
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Baroness Taylor of Bolton speeches from: Commonwealth Parliamentary Association and International Committee of the Red Cross (Status) Bill
Baroness Taylor of Bolton contributed 1 speech (704 words) 2nd reading Friday 17th May 2024 - Lords Chamber Foreign, Commonwealth & Development Office |
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Baroness Taylor of Bolton speeches from: Paternity Leave (Bereavement) Bill
Baroness Taylor of Bolton contributed 1 speech (434 words) 2nd reading Friday 17th May 2024 - Lords Chamber Department for Business and Trade |
| Written Answers |
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Students: Finance
Asked by: Baroness Taylor of Bolton (Labour - Life peer) Wednesday 1st May 2024 Question to the Department for Education: To ask His Majesty's Government when they expect to publish an update to the calculation of the resource accounting and budgeting charge for student finance; and whether they propose to make any changes to the basis for calculation used at the time it was last updated. Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education) In the 2022/23 financial year, the Resource Accounting and Budgeting (RAB) charge was £5.5 billion, or 27% of the £20.0 billion of loans issued that financial year. The RAB charge for 2023/24 will be published in the department’s 2023/24 Annual Report and Accounts this summer.
Of student loans issued in the 2023/24 financial year, the government is expected to subsidise:
These forecasts are subject to change. The final RAB forecasts for 2023/24 will be available as part of the annual student finance statistical publication, released in June 2024.
The RAB charge, the government subsidy anticipated on student loans issued in any particular financial year, is calculated as the present value of student loan outlay less expected future repayments, in accordance with relevant International Financial Reporting Standards and guidance from HMT’s Government Financial Reporting Manual (FReM).
The FReM requires future repayments of student loans to be discounted at the higher of the intrinsic rate and HMT’s discount rate, based on analysis of real yields on UK index linked Gilts and are specifically appropriate to central government.
The FReM is kept under constant review. It is updated to reflect developments in relevant standards and best practice. |
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Students: Finance
Asked by: Baroness Taylor of Bolton (Labour - Life peer) Wednesday 1st May 2024 Question to the Department for Education: To ask His Majesty's Government what is the current value of the resource accounting and budgeting charge for student finance. Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education) In the 2022/23 financial year, the Resource Accounting and Budgeting (RAB) charge was £5.5 billion, or 27% of the £20.0 billion of loans issued that financial year. The RAB charge for 2023/24 will be published in the department’s 2023/24 Annual Report and Accounts this summer.
Of student loans issued in the 2023/24 financial year, the government is expected to subsidise:
These forecasts are subject to change. The final RAB forecasts for 2023/24 will be available as part of the annual student finance statistical publication, released in June 2024.
The RAB charge, the government subsidy anticipated on student loans issued in any particular financial year, is calculated as the present value of student loan outlay less expected future repayments, in accordance with relevant International Financial Reporting Standards and guidance from HMT’s Government Financial Reporting Manual (FReM).
The FReM requires future repayments of student loans to be discounted at the higher of the intrinsic rate and HMT’s discount rate, based on analysis of real yields on UK index linked Gilts and are specifically appropriate to central government.
The FReM is kept under constant review. It is updated to reflect developments in relevant standards and best practice. |
| Calendar |
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Tuesday 14th May 2024 10:30 a.m. Industry and Regulators Committee - Oral evidence Subject: Skills for the future: apprenticeships and training View calendar |
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Tuesday 7th May 2024 10 a.m. Industry and Regulators Committee - Private Meeting View calendar |
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Tuesday 21st May 2024 10:30 a.m. Industry and Regulators Committee - Oral evidence Subject: Skills for the future: apprenticeships and training At 10:30am: Oral evidence David Hughes CBE - Chief Executive at Association of Colleges Ben Rowland - Chief Executive Officer at Association of Employment and Learning Providers At 11:30am: Oral evidence Alexia Williams - Apprentice Panel Member at Institute for Apprenticeships and Technical Education James Stephenson - Apprentice Panel Member at Institute for Apprenticeships and Technical Education Sian Elliott - Senior Policy Officer at Trades Union Congress View calendar |
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Tuesday 21st May 2024 10:30 a.m. Industry and Regulators Committee - Oral evidence Subject: Skills for the future: apprenticeships and training View calendar |
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Tuesday 4th June 2024 10:30 a.m. Industry and Regulators Committee - Private Meeting Subject: UK Regulators View calendar |
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Tuesday 11th June 2024 10:30 a.m. Industry and Regulators Committee - Oral evidence Subject: Skills for the future: apprenticeships and training View calendar |