Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what assessment they have made of the regional economic impact of generative artificial intelligence, particularly outside London and the South East.

Answered by Lord Vallance of Balham - Minister of State (Department for Energy Security and Net Zero)

The Government recognises the transformative economic potential of generative AI in the UK. While London and the South-East currently generate around 86% of UK AI Revenue, other regions, such as Manchester, Cambridge, and Edinburgh, are emerging as key innovation hubs. This includes £750 million of investment recently announced for the building of a new AI supercomputer, hosted at the University of Edinburgh.

Additionally, as HMG’s AIRR+ compute network can be accessed remotely, researchers across the country are now able to make use of the UK’s world-class sovereign compute, in order to train new cutting-edge AI models.

The North and South-West have the highest levels of business AI adoption outside of the greater South-East, suggesting industry in UK is harnessing the benefits of AI technology into their business practices.

Question to the HM Treasury:

To ask His Majesty's Government what plans they have to regulate pound sterling-backed stablecoin; and what assessment they have made of the impact of the United States GENIUS Act on any such regulation.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government has confirmed that it will bring forward final legislation this year to create a financial services regulatory regime for cryptoassets in the UK. The Government recognises the growth and competitiveness opportunities of stablecoins, and its regime will allow firms to be licensed in the UK to issue stablecoins.

Following the passing of the GENIUS Act by the US Congress, the Government’s approach to cryptoassets positions the UK well to work with the US in advancing our shared ambition to foster world-leading cryptoasset markets.

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what assessment they have made of reports of sexual violence towards Rohingya women and girls in Cox's Bazaar in Bangladesh.

Answered by Baroness Chapman of Darlington - Minister of State (Development)

The UK has been actively engaged in addressing the humanitarian situation in Cox's Bazar and closely monitoring levels of need and insecurity. We regularly engage with the Interim Government in Bangladesh about security in Rohingya refugee camps and request them to take action to improve the protection environment. In June, during Chief Adviser Yunus' visit to the UK, the then Minister for the Indo-Pacific discussed the situation of Rohingya refugees. UK funding (over £420 million since 2017) is providing community-based protection services for women and children.

Found: Labour; Life peer) Baroness Kidron (Crossbench; Life peer) Lord Robathan (Conservative; Life peer) Lord Sarfraz

Found: Byrne; Mr Tanmanjeet Singh Dhesi; Bill Esterson; Baroness Fall; Mike Martin; Lord Robathan; Lord Sarfraz

Found: Byrne; Mr Tanmanjeet Singh Dhesi; Bill Esterson; Baroness Fall; Mike Martin; Lord Robathan; Lord Sarfraz

Found: Singh Dhesi; Bill Esterson; Baroness Fall; Lord Hutton of Furness; Baroness Kidron; Mike Martin; Lord Sarfraz