Asked by: Lord Elliott of Ballinamallard (Ulster Unionist Party - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what estimate they have made of the negative financial impact on businesses in Northern Ireland of the new tariffs on steel products produced in Great Britain from 1 July.
Answered by Lord Stockwood
The Government has set out that specific arrangements will be in place to facilitate the movement of steel to Northern Ireland. We will continue to provide guidance on these arrangements and support traders moving goods through the Trader Support Service. This approach is consistent with the Government’s commitment in the Steel Strategy to tackling steel over capacity, and working with our international partners to do so.
The legislation implementing the new measure includes explanatory memoranda which set out how this measure will impact different types of businesses.
Asked by: Lord Elliott of Ballinamallard (Ulster Unionist Party - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what assessment they have made of 'environmental, social and governance' corporate reporting requirements.
Answered by Baroness Jones of Whitchurch
The Government is currently conducting a review of the UK's non-financial reporting regime, which includes requirements for companies to report on various matters relating to governance, environment and wider society. The Government intends to consult on proposals to reform the UK's non-financial reporting framework later this year.
Asked by: Lord Elliott of Ballinamallard (Ulster Unionist Party - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government further to the Written Answer by the Minister for Employment Rights, Competition and Markets on 26 July 2024 (HC675), what new corporate reporting requirements they intend to introduce; and whether they intend to introduce new net-zero or 'environmental, social and governance' reporting requirements.
Answered by Baroness Jones of Whitchurch
The Government is keen to ensure the UK's corporate reporting requirements support economic growth by providing the information that investors need to allocate capital effectively, while helping users of reporting understand how business activities align with the UK's net zero and environmental goals. The Government will shortly publish a consultation covering the endorsement of UK versions of International Sustainability Standards Board (ISSB) Standards.