Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Home Office:
To ask His Majesty's Government what assessment they have made of the potential economic impact of the upcoming strikes by Border Force officers at Heathrow Airport on (1) businesses, and (2) tourism.
Answered by Lord Sharpe of Epsom - Parliamentary Under-Secretary (Home Office)
Border Force has made no such assessment as to the strikes’ impact on tourism and business, as this is not within Border Force’s remit. Border Force will continue to work closely with Heathrow Airport to ensure we have robust plans in place to minimise any delays if strike action goes ahead. We will deploy suitable resources to meet critical demand and support the flow of passengers and goods through our border. Border Force’s priority during industrial action, as with at any other time, is to maintain the security of the UK border and nothing will compromise this.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government what assessment they have made of the findings of the Royal Institution of Chartered Surveyors survey indicating a third consecutive monthly increase in demand in the housing market.
Answered by Baroness Swinburne - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government closely monitors the state of the market and was pleased to see an increase in buyer demand in the latest RICS UK Residential Survey. We have taken a number of steps to support the market in recent months including extending the Mortgage Guarantee Scheme, introducing the Mortgage Charter, reducing stamp duty and continuing our home ownership schemes such as First Homes, Shared Ownership and Lifetime ISA and our support for housebuilding.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Department for Digital, Culture, Media & Sport:
To ask His Majesty's Government what steps they are taking, if any, to update copyright and intellectual property regulations to better protect the rights of professional creatives and ensure fair compensation, given the challenges posed by artificial intelligence technologies.
Answered by Lord Parkinson of Whitley Bay - Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
His Majesty’s Government is engaging with people across the relevant sectors to develop an approach on artificial intelligence and copyright which allows this technology and the creative industries to grow in partnership. We want to work closely with right holders and AI developers to deliver this, and engage closely with our international counterparts.
The Department for Science, Innovation and Technology, The Department for Culture, Media and Sport, and the Intellectual Property Office are working collaboratively to build on the progress made through the IPO’s working group process, which has now concluded. As set out in the AI White Paper Consultation Response of 6 February, HM Government will continue to engage with the creative industries, the media sector, and AI businesses to understand their views and develop an approach that supports these sectors to thrive.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Home Office:
To ask His Majesty's Government, following the recent increase in cases of advance fee mortgage scams, what steps they are taking to prevent such scams.
Answered by Lord Sharpe of Epsom - Parliamentary Under-Secretary (Home Office)
As part of our Fraud Strategy, we have worked closely with the financial services industry to protect customers against a variety of fraud types, including advance fee scams. This includes the Retail Banking Fraud Sector Charter which has delivered ambitious and innovative actions to prevent authorised fraud and protect customers. We have also agreed similar charters with the telecommunications, accountancy and online sectors.
According to the Crime Survey of England and Wales, ‘Advance fee fraud’ has decreased by 33% in the year ending September 2023 from 546,000 to 367,000 offences.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the findings of the Financial Conduct Authority survey indicating an increase in adults across the UK struggling to pay bills due to the high cost of living, and what steps they are taking to help individuals and families facing financial difficulties.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The FCA’s 2024 Cost of Living survey found a reduction in the number of people finding it hard to manage higher costs of living since January 2023.
The government has already provided support to help with the cost of living totalling £96 billion from 2022-23 to 2023-2024 – an average of £3400 per UK household.
Further actions taken by the government in 2024-25 include: a rise in the National Living Wage (NLW) by 9.8% - ending low hourly pay for workers on the NLW, raising Local Housing Allowance to the 30th percentile of market rents, uprating working-age benefits by 6.7%, freezing fuel duty, removing Debt Relief Order fees, and doubling the Budgeting Advance Loan repayment period.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what steps they are taking to sustain the momentum of the economic recovery following indications that GDP increased in January and February.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
To sustain economic growth momentum, the government is continuing to pursue an ambitious policy agenda to increase growth and productivity across the economy. The OBR expects that policies announced at the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.
In addition to making full expensing permanent, a tax cut to companies of over £10 billion a year, the government has announced measures to boost labour supply, which the OBR predicts will increase the number of hours worked by the equivalent of over 300,000 full-time workers by the end of the forecast period.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government, following the findings of the Financial Conduct Authority survey indicating a decrease in savings and investing among UK adults, what steps they are taking to help individuals and families save and invest.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The Government is committed to incentivising greater saving and investment, to help hard working people save for their future goals and build greater financial resilience.
The Help to Save scheme was launched in September 2018 and is intended to promote financial resilience among working households on low incomes by supporting them to kickstart a regular, long-term savings habit and build a financial buffer for a rainy day.
Individuals can also save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received within an ISA is tax free. This, along with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers means that around 85% of people with savings income pay no tax on that income.
However, the Government also recognises that people need support to make effective investment decisions. This is why the Government and FCA are working on a joint review of the boundary between financial advice and guidance to ensure people can access appropriate support with their financial decision-making.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Department for Environment, Food and Rural Affairs:
To ask His Majesty's Government, following concerns raised by farmers regarding changes to the standard of food imports, what steps they are taking to address the impact of post-Brexit trade deals on British farmers.
Answered by Lord Douglas-Miller - Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
All food and drink products imported into the UK, including those from countries we have trade agreements with, must comply with the UK’s import requirements and standards. The independent Trade and Agriculture Commission concluded that our Free Trade Agreements with Australia, New Zealand and CPTPP are consistent with the maintenance of UK statutory protections in relation to animal and plant health, animal welfare and the environment.
Supporting UK food and agriculture is an integral part of the UK’s trade strategy. The Prime Minister made this clear at the Farm to Fork Summit in May 2023 and in his open letter to farmers. This letter, alongside the 2022 National Food Strategy, sets out the principles that guide our approach to agriculture and trade. We are putting farmers at the heart of British trade by delivering new export opportunities, protecting our sensitive sectors and our high food safety standards, upholding UK production standards and removing market access barriers.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government, following recent findings by the Resolution Foundation regarding the affordability and quality of housing, what steps they are taking to (1) address, and (2) mitigate, those challenges.
Answered by Baroness Scott of Bybrook - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
Full details of the Government’s long-term plan for housing are available on gov.uk. This includes measures to increase the overall supply and availability of safe, warm and affordable homes. Boosting housing supply is key to affordability: we are on track to deliver our commitment to build one million homes this Parliament, are investing significant funding in affordable housing programmes through the £11.5 billion Affordable Homes Programme and £6 billion Affordable Homes Guarantee Scheme, and we have helped over 876,000 households purchase a home since spring 2010 through Government backed schemes.
Housing quality is also central to this plan. We have seen a strong decrease in the number of non-decent homes since 2010. This government has introduced the Social Housing (Regulation) Act 2023, including Awaab’s Law, and is applying the Decent Homes Standard to the private rented sector for the first time through the Renters (Reform) Bill, to ensure that all tenants benefit from homes that are safe and decent
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what steps they are taking to (1) ensure that stabilising mortgage rates contribute to sustained growth in the housing market, and (2) address challenges faced by homebuyers concerning the increased cost of living.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The path to lower interest rates is through low inflation, and the Government is fully committed to supporting the Bank of England get inflation back down to the 2% target, including by keeping borrowing under control.
While the pricing of mortgages is ultimately a commercial decision for lenders in which the Government does not intervene, our plan is working, and the average offered mortgage rates on 2-year and 5-year fixed rates are now lower compared to their peak in Summer 2023.
The Government is committed to making the aspiration of homeownership a reality for as many households as possible and consequently operates a range of schemes that aim to increase the supply of low-deposit mortgages for credit-worthy households, including first-time buyers, increase the availability of new housing, and stimulate economic growth. These include the Mortgage Guarantee Scheme, which is open until the end of June 2025. We also help first-time buyers to save for a deposit through the Lifetime ISA and Help to Buy: ISA.
Over 876,000 households have been helped to purchase a home since spring 2010 through government-backed schemes.