Film Industry
Debate between Baroness Twycross and Lord Bellingham
Baroness Twycross (Lab)
I thank my noble friend for his question. I repeat that at the moment we have a skills shortage and significant vacancies—a vacancy margin of about 25,000. We know that our success is down to our skilled and innovative workforce. As a number of noble Lords have highlighted, this goes way beyond people working in a silo. There is something about creativity and working across different parts of the sector that probably benefits that.
We will get more details on the transformation of the apprenticeship levy into the new growth and skills levy in due course. It will create opportunities and give employers greater flexibility to train and upskill their workforce. Through working with Skills England, it will also allow the Government to identify what skills gaps there are, so that we make sure that every single sector, including the creative industries, has the skills it needs for the growth this country requires.
Lord Bellingham (Con)
My Lords, the Minister mentioned the forthcoming economic growth summit, which I applaud the Government for putting in place. She will be aware that many young growth companies in the creative industries sector currently enjoy IHT relief, particularly those on the AIM market. Can she confirm that she is supportive of this relief, and will she make representations to the Chancellor on this point?
Baroness Twycross (Lab)
Both I and the Government are clear that the use of tax relief to support creative industries is a really important way in which we increase and support the success of an already successful sector. Any specifics around future relief are obviously a decision for the Treasury, although I repeat what I have said previously—and apologise for repeating it—that DCMS and HMT both understand how important these reliefs are to the industry. As I have previously mentioned, the Budget will be held later this month.
Horseracing and Bloodstock Industries
Debate between Baroness Twycross and Lord Bellingham(3 months, 1 week ago)
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Baroness Twycross (Lab)
I thank the noble Baroness for her welcome. As she will be aware, the previous Government undertook a review that concluded in April. It is too soon for us to comment on the process or what might emerge from that, but we are keen to work with all parties and explore all the evidence before setting out next steps.
Lord Bellingham (Con)
My Lords, further to the two questions just asked by my noble friends, will the Minister reflect on the point regarding Ireland? The discrepancy in the prize money between the UK and Ireland has become very severe, with the result that a number of UK owners are now locating their horses in Ireland. What can be done specifically to address that problem?
Baroness Twycross (Lab)
I am aware of the difference between how different countries administer this. As I mentioned in my response to the noble Baroness, Lady Harding, the previous Government undertook a review that concluded only in April. It is too soon for us to comment on that process, but I am very keen to work with all parties and explore all the evidence before setting out next steps.
Global IT Outage
Debate between Baroness Twycross and Lord Bellingham(3 months, 2 weeks ago)
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Baroness Twycross (Lab)
I thank my noble friend for that question and for his huge support for me in my previous role as chair of the London Resilience Forum. Although the outage is not assessed to be a security incident or cyberattack, the issues that he raises will be covered in the cybersecurity and resilience Bill included in the King’s Speech. This will strengthen our defences and ensure that more essential digital services than ever before are protected. For example, it will look at expanding the remit of the existing regulation, putting regulators on a stronger footing and increasing the reporting requirements to build a better picture in government of cyber threats.
Lord Bellingham (Con)
My Lords, among the companies most adversely affected in this country were airlines. Many thousands of passengers were hugely inconvenienced. How should they be compensated, and should CrowdStrike be held accountable?
Baroness Twycross (Lab)
I think we all have huge sympathy for those affected. As the noble Lord rightly says, thousands of people were affected on the day. However, compensation is a matter for the individual operators and subject to consumer rules, which would cover any entitlement to compensation or refunds.