Information between 8th December 2024 - 7th January 2025
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Division Votes |
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9 Dec 2024 - Terrorism (Protection of Premises) Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 335 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 89 Noes - 340 |
10 Dec 2024 - Delegated Legislation - View Vote Context Liam Byrne voted Aye - in line with the party majority and in line with the House One of 339 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 424 Noes - 106 |
10 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 345 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 184 Noes - 359 |
10 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 327 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 105 Noes - 340 |
10 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 341 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 74 Noes - 350 |
17 Dec 2024 - National Insurance Contributions (Secondary Class 1 Contributions) Bill - View Vote Context Liam Byrne voted Aye - in line with the party majority and in line with the House One of 345 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 354 Noes - 202 |
17 Dec 2024 - National Insurance Contributions (Secondary Class 1 Contributions) Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 346 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 195 Noes - 353 |
17 Dec 2024 - National Insurance Contributions (Secondary Class 1 Contributions) Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 345 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 196 Noes - 352 |
17 Dec 2024 - National Insurance Contributions (Secondary Class 1 Contributions) Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 347 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 206 Noes - 353 |
17 Dec 2024 - National Insurance Contributions (Secondary Class 1 Contributions) Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 346 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 100 Noes - 351 |
11 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted Aye - in line with the party majority and in line with the House One of 311 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 332 Noes - 170 |
11 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted Aye - in line with the party majority and in line with the House One of 313 Labour Aye votes vs 0 Labour No votes Tally: Ayes - 338 Noes - 170 |
11 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 302 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 104 Noes - 313 |
11 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 303 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 105 Noes - 314 |
11 Dec 2024 - Finance Bill - View Vote Context Liam Byrne voted No - in line with the party majority and in line with the House One of 310 Labour No votes vs 0 Labour Aye votes Tally: Ayes - 167 Noes - 329 |
Speeches |
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Liam Byrne speeches from: Harland & Wolff
Liam Byrne contributed 1 speech (110 words) Thursday 19th December 2024 - Commons Chamber Department for Business and Trade |
Liam Byrne speeches from: Post Office Redress and Funding
Liam Byrne contributed 1 speech (110 words) Wednesday 18th December 2024 - Commons Chamber Department for Business and Trade |
Liam Byrne speeches from: Royal Mail Takeover
Liam Byrne contributed 1 speech (87 words) Monday 16th December 2024 - Commons Chamber Department for Business and Trade |
Liam Byrne speeches from: Israel and Palestine
Liam Byrne contributed 4 speeches (722 words) Monday 16th December 2024 - Westminster Hall Foreign, Commonwealth & Development Office |
Written Answers |
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Corporation Tax: Tax Allowances
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 12th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what assessment she has made of the (a) economic impact and (b) fiscal multipliers of the corporate tax reliefs implemented by her Department; and what steps she is taking to monitor that impact. Answered by James Murray - Exchequer Secretary (HM Treasury) The independent Office for Budget Responsibility (OBR) assesses the economic and fiscal outlook, including the impact of policy decisions made by the Government.
The OBR regularly publish reports which include explanations of their methodology. The 2024 Economic and Fiscal Outlook published alongside the Autumn Budget is published here: https://obr.uk/efo/economic-and-fiscal-outlook-october-2024/
In November 2023, the OBR published an article ‘Dynamic scoring of policy measures in OBR forecasts’ detailing how the fiscal multiplier framework is used to analyse the macroeconomic impacts of policy measures. Appropriate multipliers are applied to corporate tax reliefs and capital spending.
More recently, in August 2024, the OBR published a discussion paper ‘Public investment and potential output’ outlining further detail on how public investment, including capital spending, affects the macroeconomic forecast.
HMRC delivers proportionate and systematic monitoring and evaluation of tax reliefs to help provide evidence-based policy advice to Ministers.
Since 2020 HMRC have published 14 tax relief evaluations covering 19 different reliefs, and some of these evaluations cover economic impacts.
On 5th December HMRC published statistics covering the costs of non-structural and structural reliefs, this includes 46 costings that cover corporation tax reliefs. |
Public Expenditure and Tax Allowances
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 12th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what assessment she has made of the fiscal multipliers for (a) corporate tax reliefs and (b) capital spending authorised by her Department. Answered by James Murray - Exchequer Secretary (HM Treasury) The independent Office for Budget Responsibility (OBR) assesses the economic and fiscal outlook, including the impact of policy decisions made by the Government.
The OBR regularly publish reports which include explanations of their methodology. The 2024 Economic and Fiscal Outlook published alongside the Autumn Budget is published here: https://obr.uk/efo/economic-and-fiscal-outlook-october-2024/
In November 2023, the OBR published an article ‘Dynamic scoring of policy measures in OBR forecasts’ detailing how the fiscal multiplier framework is used to analyse the macroeconomic impacts of policy measures. Appropriate multipliers are applied to corporate tax reliefs and capital spending.
More recently, in August 2024, the OBR published a discussion paper ‘Public investment and potential output’ outlining further detail on how public investment, including capital spending, affects the macroeconomic forecast.
HMRC delivers proportionate and systematic monitoring and evaluation of tax reliefs to help provide evidence-based policy advice to Ministers.
Since 2020 HMRC have published 14 tax relief evaluations covering 19 different reliefs, and some of these evaluations cover economic impacts.
On 5th December HMRC published statistics covering the costs of non-structural and structural reliefs, this includes 46 costings that cover corporation tax reliefs. |
Corporation Tax: Tax Allowances
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 12th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, if she will make an assessment of which corporate tax reliefs have the largest positive impact on economic growth, ranked by scale of impact. Answered by James Murray - Exchequer Secretary (HM Treasury) The government has committed to maintaining a range of generous investment incentives, including full expensing, R&D reliefs, and the Audio Visual Expenditure Credit.
While the government does not maintain a ranking of economic impact, we seek to regularly monitor and assess economic impacts and the independent OBR also publishes their assessments.
For example, the OBR's paper on the economic effects of full expensing sets out that they expect to increase business investment by £14bn over next five years.
Since 2020 HMRC have published 14 tax relief evaluations covering 19 different reliefs, and some of these evaluations cover economic impacts.
On 5th December HMRC published statistics covering the costs of non-structural and structural reliefs, this includes 46 costings that cover corporation tax reliefs. |
Corporation Tax: Impact Assessments
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 12th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, if she will publish economic impact assessments for all corporate tax policies. Answered by James Murray - Exchequer Secretary (HM Treasury) The Office for Budget Responsibility produces regular and comprehensive forecasts on the fiscal and economic impact of government tax policies, including those relating to corporate tax.
HMRC releases a corporation tax statistics publication annually, which provides a thorough breakdown of receipts and liabilities, including by industry sector and company size. |
Aerospace Industry: Finance
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, what steps his Department plans to take to ensure value for money from additional funding allocated to the aerospace sector in the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Budget confirmed £975m over 5 years to the Aerospace sector. Industry led applications for R&D co-investment from the ATI Programme enter a competitive process. Competition for funding is fierce and only the best projects are selected: those that offer real innovation, reduced emissions and tangible economic benefits to the UK. Each application is subject to a value for money assessment by DBT economists, which underpins the estimated benefits from the Programme of at least £20bn of further private investment to 2040 and abatement of 125 MtCO2 of UK attributable global aviation CO2 emissions. |
Animal Experiments: MBR Acres
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Tuesday 10th December 2024 Question to the Home Office: To ask the Secretary of State for the Home Department, when he expects the end of (a) animal testing and (b) testing on beagles at MBR Acres. Answered by Dan Jarvis - Minister of State (Home Office) This Government has made a commitment to the development of alternative methodologies to the use of animals in science. The plan we develop will maintain the UK’s place at the forefront of science development and innovation. In the limited circumstances where there is no animal alternative and procedures are required to deliver important benefits to people, the environment, and other animals then we deliver robust, rigorous and trustworthy regulation of those procedures. The Home Office assures that, in every research proposal: animals are replaced with non-animal alternatives wherever possible; that experiments are appropriate designed and analysed experiments that are robust, reproducible, and add to the knowledge base; and that we assure the methodologies use the latest technologies to minimise pain, suffering and distress and improve understanding of the impact of welfare on scientific outcomes. |
Integrated Security, Defence, Development and Foreign Policy Review
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Tuesday 17th December 2024 Question to the Cabinet Office: To ask the Minister for the Cabinet Office, pursuant to the Answer of 4 November 2024 to Question 11837 on Integrated Security, Defence, Development and Foreign Policy Review, if he will set out for each of those reviews (a) the process for establishing the evidence base and (b) whether it will be undertaken (i) internally and (ii) include external consultation. Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office) In relation to my answer of 4 November 2024 to Question 11837, the aforementioned reviews are scheduled to conclude in the first half of 2025. Decisions about publication and consultation are matters for the relevant department owners.
The Cabinet Office owns the resilience review which will conclude in Spring 2025 and will set the future direction for the resilience system. It is an internally-led review which will draw on existing evidence to inform what is working well and what could change, including the findings from the Covid-19 Inquiry Module 1 and the Grenfell Inquiry. In addition to regular discussions with stakeholders, Ministers and officials are continuing to meet with those from devolved, regional and local Government, businesses and civil society.
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Integrated Security, Defence, Development and Foreign Policy Review
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Tuesday 17th December 2024 Question to the Cabinet Office: To ask the Minister for the Cabinet Office, pursuant to the Answer of 4 November 2024 to Question 11837 on Integrated Security, Defence, Development and Foreign Policy Review, if he will set out for each review (a) the planned timeline for completion and (b) whether the findings will be published. Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office) In relation to my answer of 4 November 2024 to Question 11837, the aforementioned reviews are scheduled to conclude in the first half of 2025. Decisions about publication and consultation are matters for the relevant department owners.
The Cabinet Office owns the resilience review which will conclude in Spring 2025 and will set the future direction for the resilience system. It is an internally-led review which will draw on existing evidence to inform what is working well and what could change, including the findings from the Covid-19 Inquiry Module 1 and the Grenfell Inquiry. In addition to regular discussions with stakeholders, Ministers and officials are continuing to meet with those from devolved, regional and local Government, businesses and civil society.
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Corporation Tax: Investment
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Tuesday 17th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what estimate she has made of the amount of additional business investment due to the capital allowances measures in the corporate tax roadmap. Answered by James Murray - Exchequer Secretary (HM Treasury) As a government, we are determined to provide the stability needed by businesses to make investments that are critical to boosting growth in the UK.
That is why, in the Corporate Tax Roadmap, the Government has committed to maintaining the fundamental features of our world-leading capital allowances system, for the duration of this Parliament. This includes permanent full expensing system and the £1 million Annual Investment Allowance. As a result of permanent full expensing, the OBR expect business investment to increase by around £3 billion each year, and in the long run GDP will be 0.2% higher each year.
With a stable and predictable capital allowances system, businesses will be able to rebuild the confidence they need to make significant long-term investment decisions. |
Integrated Security, Defence, Development and Foreign Policy Review
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Wednesday 18th December 2024 Question to the Cabinet Office: To ask the Minister for the Cabinet Office, pursuant to the answer of 4 November 2024 to Question 11837 on Integrated Security, Defence, Development and Foreign Policy Review, what plans he has to (a) engage and (b) inform Parliament on each review. Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office) In relation to my answer of 4 November 2024 to Question 11837, decisions about parliamentary engagement are matters for the relevant department owners of each review.
The Chancellor of the Duchy of Lancaster committed to a review of UK national resilience in his statement to the House of Commons on 19 July, in response to the Covid-19 Inquiry’s Module 1 report. The review is expected to conclude in Spring 2025 and includes a broad programme of engagement, including Parliamentary, to ensure the UK Government’s approach to resilience best helps mitigate the challenges we face. The review will also consider the future approach to reporting on and scrutiny of UK national resilience.
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Aerospace Industry: Finance
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, how much private investment he expects from the additional funding allocated to the aerospace sector in the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Budget confirmed £975m over 5 years to the Aerospace sector. This provides continued stability and confidence for industry to invest in long-term R&D projects – delivering economic growth, supporting high skilled jobs across all parts of the UK, and advancing aviation’s net zero transition. Between 2013/14 and 2029/30, industry and government will invest over £5bn developing transformational aircraft technology. Long-term R&D co-investment is a core pillar of the Aerospace Growth Partnership’s 2022 strategy, where the UK sector committed to invest at least £20bn of further private investment to 2040 and abate 125 MtCO2 of UK attributable global aviation CO2 emissions. |
Motor Vehicles: Manufacturing Industries
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, what steps his Department plans to take to ensure value for money from additional funding allocated to the automotive sector in the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Budget committed over £2bn to 2030 for zero-emission vehicle manufacturing and their supply chains. This will build on the current Automotive Transformation Fund (ATF) and Advanced Propulsion Centre (APC) programmes to drive economic growth and support high-value jobs, unlocking billions of pounds of private investment in the UK’s automotive industry and R&D innovation ecosystem.
As with the ATF and APC programmes, all future investment will be fully assessed on a strategic, technical, commercial, financial and economic basis – including consideration of future job creation. The economic assessment ensures value for money is consistent with HMT Green Book best practice. |
Capital Investment: Economic Growth
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of capital spending on economic growth in the next (a) five and (b) ten years, specifying (i) the fiscal multipliers targeted and (ii) the private sector investment included. Answered by Darren Jones - Chief Secretary to the Treasury Economic growth is the number one mission of the government. Through the growth mission, the government will deliver a milestone of higher living standards in every part of the United Kingdom by the end of the Parliament.
Investment is a vital part of addressing the growth challenge. Autumn Budget began rebuilding Britain by increasing public investment and unlocking private investment. Public sector net investment will average 2.6% of GDP over the Parliament, with over £100 billion of additional capital investment over the next five years. This will strengthen the UK economy over the long term.
When making allocation decisions, the Treasury scrutinises individual capital spending proposals in line with the principles set out in the Green Book and Five Case Model, to ensure that they deliver value for money. It also considers these in line with the government’s wider priorities, such as growth, and their overall deliverability and affordability.
The independent Office for Budget Responsibility produces regular and comprehensive forecasts on the impact of current government policies, including judgements about fiscal multipliers.
The OBR confirms that the Budget will have a positive impact on GDP in the next parliament and into the longer term from additional public investment. If sustained, the OBR judges the higher public capital spending, and the higher private sector investment this incentivises, could increase potential output by 0.4% after 10 years, and 1.4% in the long run. |
Government Departments: Capital Investment
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what (a) metrics and (b) fiscal multipliers she plans to use to take allocation decisions for capital spending to Departments in the next five years. Answered by Darren Jones - Chief Secretary to the Treasury Economic growth is the number one mission of the government. Through the growth mission, the government will deliver a milestone of higher living standards in every part of the United Kingdom by the end of the Parliament.
Investment is a vital part of addressing the growth challenge. Autumn Budget began rebuilding Britain by increasing public investment and unlocking private investment. Public sector net investment will average 2.6% of GDP over the Parliament, with over £100 billion of additional capital investment over the next five years. This will strengthen the UK economy over the long term.
When making allocation decisions, the Treasury scrutinises individual capital spending proposals in line with the principles set out in the Green Book and Five Case Model, to ensure that they deliver value for money. It also considers these in line with the government’s wider priorities, such as growth, and their overall deliverability and affordability.
The independent Office for Budget Responsibility produces regular and comprehensive forecasts on the impact of current government policies, including judgements about fiscal multipliers.
The OBR confirms that the Budget will have a positive impact on GDP in the next parliament and into the longer term from additional public investment. If sustained, the OBR judges the higher public capital spending, and the higher private sector investment this incentivises, could increase potential output by 0.4% after 10 years, and 1.4% in the long run. |
Foreign Investment in UK
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, with reference to his Department's publication entitled Invest 2035: The UK’s Modern Industrial Strategy, published in October 2024, what assessment he has made of trends in the level of economic performance of sectors included in that strategy since 2019-20. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The methodology for determining the eight growth-driving sectors is outlined in the Invest 2035 Green Paper. This included assessing historic trends since 2019-20, such as gross value added and productivity, at Standard Industrial Classification-2 level where data was available. The Government complemented this with wider internal and external data sources such as specialist industry reports and qualitative assessments, particularly in emerging subsectors where historic data is unavailable. Government will continue to draw in evidence such as sector performance and employment trends using responses to the Green Paper consultation questions; engagement with external stakeholders such as businesses, local leaders, academic experts; and other data sources. |
Research: Tax Allowances
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of R&D tax reliefs on (a) business investment and (b) economic growth. Answered by James Murray - Exchequer Secretary (HM Treasury) The Government recognises the important role that research and development (R&D) plays in driving innovation and economic growth as well as the benefits it can bring for society.
Overall, R&D reliefs will support an estimated £56 billion of business R&D expenditure in 2029-30, a nearly 20 per cent increase from £47 billion in 2022-23.
The latest evaluations (“Evaluation of the research and development tax relief for small and medium-sized enterprises” and “Evaluation of the research and development expenditure credit”) were published in 2020 by HMRC and can be found on the gov.uk website. In the Corporate Tax Roadmap published at Autumn Budget, the government committed to periodically evaluating the R&D reliefs to ensure they are as effective as possible and underpinned by a credible, up to date evidence base. |
Capital Investment
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what metrics she plans to use to assess the value for money of capital spending allocated over the next five years. Answered by Darren Jones - Chief Secretary to the Treasury Economic growth is the number one mission of the government. Through the growth mission, the government will deliver a milestone of higher living standards in every part of the United Kingdom by the end of the Parliament.
Investment is a vital part of addressing the growth challenge. Autumn Budget began rebuilding Britain by increasing public investment and unlocking private investment. Public sector net investment will average 2.6% of GDP over the Parliament, with over £100 billion of additional capital investment over the next five years. This will strengthen the UK economy over the long term.
When making allocation decisions, the Treasury scrutinises individual capital spending proposals in line with the principles set out in the Green Book and Five Case Model, to ensure that they deliver value for money. It also considers these in line with the government’s wider priorities, such as growth, and their overall deliverability and affordability.
The independent Office for Budget Responsibility produces regular and comprehensive forecasts on the impact of current government policies, including judgements about fiscal multipliers.
The OBR confirms that the Budget will have a positive impact on GDP in the next parliament and into the longer term from additional public investment. If sustained, the OBR judges the higher public capital spending, and the higher private sector investment this incentivises, could increase potential output by 0.4% after 10 years, and 1.4% in the long run. |
Capital Investment: Economic Growth
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Monday 16th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what her target level of economic growth is from the overall level of capital spending in the next five years. Answered by Darren Jones - Chief Secretary to the Treasury Economic growth is the number one mission of the government. Through the growth mission, the government will deliver a milestone of higher living standards in every part of the United Kingdom by the end of the Parliament.
Investment is a vital part of addressing the growth challenge. Autumn Budget began rebuilding Britain by increasing public investment and unlocking private investment. Public sector net investment will average 2.6% of GDP over the Parliament, with over £100 billion of additional capital investment over the next five years. This will strengthen the UK economy over the long term.
When making allocation decisions, the Treasury scrutinises individual capital spending proposals in line with the principles set out in the Green Book and Five Case Model, to ensure that they deliver value for money. It also considers these in line with the government’s wider priorities, such as growth, and their overall deliverability and affordability.
The independent Office for Budget Responsibility produces regular and comprehensive forecasts on the impact of current government policies, including judgements about fiscal multipliers.
The OBR confirms that the Budget will have a positive impact on GDP in the next parliament and into the longer term from additional public investment. If sustained, the OBR judges the higher public capital spending, and the higher private sector investment this incentivises, could increase potential output by 0.4% after 10 years, and 1.4% in the long run. |
Research: Finance
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the HM Treasury: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the planned £20.4 billion of research and development spending on (a) economic growth, (b) the national investment rate and (c) crowding in of private investment. Answered by Darren Jones - Chief Secretary to the Treasury At Autumn Budget 2024, the government protected R&D by allocating £20.4bn to support its missions, including the growth mission. Recent Department for Science, Innovation and Technology published research has found an average rate of return to public R&D of 40% after 6 years from when the investment is made [1]. The government’s investment will also boost business investment in R&D. Although estimates of the impact on private investment vary, on average £1 of public R&D investment leverages around £2 of private R&D investment in the long run [2]. The Office for Budget Responsibility is responsible for modelling the impact of government policy on the economy. [1] Returns to Public Research and Development - GOV.UK [2] Research and development: relationship between public and private funding - GOV.UK
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Iron and Steel: Manufacturing Industries
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Wednesday 18th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, what steps his Department plans to take to maximise the value for money from public funding for the steel industry over the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Government is developing a steel strategy, in partnership with the steel sector and trade unions, that will set out a long-term vision for steel and create opportunities for public and private investment. We have committed to providing up to £2.5bn for steel which will be available through the National Wealth Fund and other routes. This is in addition to the £500m for Tata at Port Talbot steelworks. When designing how best to invest this money, we will consider a range of factors, including leveraging private sector investment and making the UK a great place to invest. |
Iron and Steel: Manufacturing Industries
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Wednesday 18th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, what estimate his Department has made of the potential impact of public funding for the steel industry on levels of private-sector investment in that industry in each of the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Government is developing a steel strategy, in partnership with the steel sector and trade unions, that will set out a long-term vision for steel and create opportunities for public and private investment. We have committed to providing up to £2.5bn for steel which will be available through the National Wealth Fund and other routes. This is in addition to the £500m for Tata at Port Talbot steelworks. When designing how best to invest this money, we will consider a range of factors, including leveraging private sector investment and making the UK a great place to invest. |
Trade Agreements: USA
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, with refence to section 1.3 2. of his policy paper entitled The Atlantic Declaration, updated on 21 June 2023, what progress he has made on establishing an outbound investment mechanism. Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade) The Department for Business and Trade is keeping the potential national security risk posed by outward direct investment in sensitive sectors under review, and continuing to engage with businesses and financial stakeholders on this issue. In May, the Cabinet Office issued public guidance on how the existing National Security and Investment Act powers allow the Government to intervene in certain outward direct investment transactions. |
Defence: Procurement
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Ministry of Defence: To ask the Secretary of State for Defence, with reference paragraph 4.51 of the Autumn Budget 2024, what his Department's priorities are for the planned £20 billion spending with UK industry in 2025-26. Answered by Maria Eagle - Minister of State (Ministry of Defence) Funding for the Ministry of Defence for financial year 2025-26 has not yet been allocated to specific programmes or activities. The Department is still in the process of setting budgets internally.
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Motor Vehicles: Manufacturing Industries
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Department for Business and Trade: To ask the Secretary of State for Business and Trade, how much private investment he expects from the additional funding allocated to the automotive sector in the next five years. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) The Budget committed over £2bn to 2030 for zero-emission vehicle manufacturing and their supply chains. This funding will build on previous ATF and APC programmes which have leveraged over £6bn of investment from the private sector so far. We will continue with this success, unlocking billions more in private investment to support our automotive industry. Further details will be announced as part of the industrial strategy. |
Foreign Investment in UK: National Security
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Cabinet Office: To ask the Minister for the Cabinet Office, with reference to the written statement of 18 April 2024 on Economic Security, HCWS415, if he will make an assessment of the potential merits of targeted exemptions from the mandatory notification requirements of the National Security and Investment Act 2021. Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office) The National Security and Investment (NSI) Act has an important role to play in ensuring businesses in the UK can thrive and access vital investment without compromising our national security. We are therefore considering the responses to the previous Government’s Call for Evidence and reflecting on our own experiences of making decisions in the NSI system over the past six months.
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Carbon Capture and Storage and Hydrogen: Finance
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Department for Energy Security & Net Zero: To ask the Secretary of State for Energy Security and Net Zero, what steps his Department plan to take to ensure value for money from the £3.9 billion of funding allocated for carbon capture and storage and green hydrogen in 2025-26. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) A formal part of the policy design and delivery process involves reviewing prior relevant efforts to ensure government is maximising value for money wherever possible. Our value for money judgement is evidenced by appraisal and analysis developed in line with the HMT Green Book and has supported policy development at each stage of the CCUS programme and the first Hydrogen Allocation Round (HAR1). All future carbon capture build out projects and subsequent HARs will require approved business cases, which will contain robust value for money assessments. The business models supporting both CCUS and electrolytic ‘green’ hydrogen are designed to address the risks that currently are a barrier to first of a kind projects, incentivise project behaviour in line with government objectives and deliver value for money for consumers and taxpayers. |
Carbon Capture and Storage and Hydrogen: Finance
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Department for Energy Security & Net Zero: To ask the Secretary of State for Energy Security and Net Zero, what estimate his Department has made of the amount of private investment that will be raised for carbon capture and storage and hydrogen projects by the £3.9 billion of public funding announced in paragraph 3.52 of the Autumn Budget 2024. Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero) On 4th October, the government reached commercial agreement with the private sector and announced up to £21.7bn of available funding over 25 years to launch the UK’s new carbon capture, usage and storage industry. We expect this funding to crowd in £8bn in private sector investment for the 25 years, and demonstrating the investability of CCUS will unlock a further pipeline of billions of pounds in private sector investment. It is estimated that industry has spent £1 billion in investment already. The government also announced over £2bn of funding over 15 years for the projects in the first Hydrogen Allocation Round (HAR1). These projects will invest over £400m of private capital during construction across the UK. |
Defence: Expenditure
Asked by: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) Thursday 19th December 2024 Question to the Ministry of Defence: To ask the Secretary of State for Defence, what assessment he has made of the potential impact of defence spending on (a) economic growth and (b) regional growth in each of the next five years. Answered by Maria Eagle - Minister of State (Ministry of Defence) The Government is bringing forward a Defence Industrial Strategy that aligns our security and economic priorities. The strategic aim of the Defence Industrial Strategy is to make sure the imperatives of national security and a high-growth economy are addressed.
Defence has a key role to play in delivering the Government's Growth Mission, by setting the conditions necessary for economic growth and by growing a better, more integrated, more innovative, and more resilient defence sector. An important part of this work is understanding and developing the impact defence spending has on the nations and regions of the UK. |
MP Financial Interests |
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25th November 2024
Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) 1.1. Employment and earnings - Ad hoc payments Payment received on 25 October 2024 - £2,050.00 Source |
25th November 2024
Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) 4. Visits outside the UK International visit to United States between 19 October 2024 and 23 October 2024 Source |
25th November 2024
Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North) 1.1. Employment and earnings - Ad hoc payments Payment received on 31 May 2024 - £2,500.00 Source |
Parliamentary Debates |
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Harland & Wolff
38 speeches (6,249 words) Thursday 19th December 2024 - Commons Chamber Department for Business and Trade Mentions: 1: Jonathan Reynolds (LAB - Stalybridge and Hyde) Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) that the deal we have brokered guarantees - Link to Speech |
Post Office Redress and Funding
37 speeches (6,207 words) Wednesday 18th December 2024 - Commons Chamber Department for Business and Trade Mentions: 1: Gareth Thomas (LAB - Harrow West) Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne), to update it on progress - Link to Speech |
Office of the Whistleblower
2 speeches (1,416 words) 1st reading Wednesday 18th December 2024 - Commons Chamber Mentions: 1: Gareth Snell (LAB - Stoke-on-Trent Central) right thing, knowing we have got their backs.Question put and agreed to.Ordered,That Gareth Snell, Liam Byrne - Link to Speech |
Israel and Palestine
146 speeches (21,019 words) Monday 16th December 2024 - Westminster Hall Foreign, Commonwealth & Development Office Mentions: 1: Rachel Hopkins (Lab - Luton South and South Bedfordshire) Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) argued for so well. - Link to Speech 2: Monica Harding (LD - Esher and Walton) Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) pointed out, the UK Government have - Link to Speech 3: Hamish Falconer (Lab - Lincoln) Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) asked how that is consistent - Link to Speech |
Calendar |
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Tuesday 10th December 2024 2 p.m. Business and Trade Committee - Oral evidence Subject: UK arms exports to Israel At 2:30pm: Oral evidence Rt Hon Douglas Alexander MP - Minister for Trade Policy and Economic Security at Department for Business and Trade Kate Joseph - Director General, Economic Security and Trade Relations at Department for Business and Trade Stephen Doughty MP - Minister for Europe, North America and Overseas Territories at Foreign, Commonwealth & Development Office Stephen Lillie CMG - Director for Defence and International Security at Foreign, Commonwealth & Development Office The Lord Coaker - Minister of State at Ministry of Defence Stuart Mills - Head of Global Issues, Security Policy and Operations Directorate at Ministry of Defence View calendar |
Tuesday 17th December 2024 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill At 2:30pm: Oral evidence Nicola Smith - Director of Policy at Trades Union Congress (TUC) Amanda Gearing - Senior Organiser at GMB Union At 3:15pm: Oral evidence Matthew Percival - Director, Future of Work and Skills at Confederation of British Industry (CBI) Ben Willmott - Head of Public Policy at Chartered Institute of Personnel and Development (CIPD) At 4:00pm: Oral evidence Stuart Morgan - HR Director at Amazon Logistics Jennifer Kearney - HR Director at Amazon UK and Ireland At 4:45pm: Oral evidence Dominic Johnson - Director of Employee Relations and Policy at BAE Systems Beverley Fairbank - Industrial Relations and HR Director at Jaguar Land Rover Murray Paul - Public Affairs Director at Jaguar Land Rover View calendar |
Thursday 19th December 2024 2 p.m. Liaison Committee (Commons) - Oral evidence Subject: The work of the Prime Minister View calendar |
Monday 16th December 2024 4 p.m. National Security Strategy (Joint Committee) - Private Meeting View calendar |
Tuesday 7th January 2025 2 p.m. Business and Trade Committee - Private Meeting View calendar |
Tuesday 7th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill View calendar |
Tuesday 14th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill At 2:30pm: Oral evidence Andy Brown - Chief People Officer at Frasers Group Neil Carberry - Chief Executive at Recruitment and Employment Confederation (REC) Mr Paddy Lillis - General Secretary at Union of Shop, Distributive and Allied Workers (USDAW) At 3:30pm: Oral evidence Paul Bedford - Group Director of Policy and Sustainability at Deliveroo Hugo Martin - Director of Legal and Public Affairs at Evri Alessandro Dudech - UK Chief Operating Officer at Uniqlo View calendar - Add to calendar |
Tuesday 14th January 2025 2 p.m. Business and Trade Committee - Private Meeting View calendar - Add to calendar |
Tuesday 14th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill View calendar - Add to calendar |
Tuesday 14th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill At 2:30pm: Oral evidence Neil Carberry - Chief Executive at Recruitment and Employment Confederation (REC) Mr Paddy Lillis - General Secretary at Union of Shop, Distributive and Allied Workers (USDAW) At 3:30pm: Oral evidence Paul Bedford - Group Director of Policy and Sustainability at Deliveroo Hugo Martin - Director of Legal and Public Affairs at Evri Alessandro Dudech - UK Chief Operating Officer at Uniqlo View calendar - Add to calendar |
Tuesday 7th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill At 2:30pm: Oral evidence Alistair Macrow - CEO at McDonalds, UK and Ireland Claire Lorains - Group Quality, Technical and Sustainability Director at Tesco Andrew Opie - Director of Food and Sustainability at The British Retail Consortium At 3:30pm: Oral evidence Yinan Zhu - EMEA General Counsel at SHEIN Stephen Heary - Senior Legal Counsel at Temu Leonard Klenner - Senior Compliance Manager at Temu At 4:30pm: Oral evidence Eleanor Lyons - UK Independent Anti-Slavery Commissioner Margaret Beels OBE - Director of Labour Market Enforcement at Department for Business and Trade View calendar - Add to calendar |
Tuesday 7th January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Make Work Pay: Employment Rights Bill At 2:30pm: Oral evidence Alistair Macrow - CEO at McDonalds, UK and Ireland Claire Lorains - Group Quality, Technical and Sustainability Director at Tesco Andrew Opie - Director of Food and Sustainability at The British Retail Consortium At 3:30pm: Oral evidence Yinan Zhu - EMEA General Counsel at SHEIN Stephen Heary - Senior Legal Counsel at Temu Leonard Klenner - Senior Compliance Manager at Temu At 4:30pm: Oral evidence Eleanor Lyons (UK Independent Anti-Slavery Commissioner) - UK Independent Anti-Slavery Commissioner Margaret Beels OBE - Director of Labour Market Enforcement at Department for Business and Trade View calendar - Add to calendar |
Monday 20th January 2025 4 p.m. National Security Strategy (Joint Committee) - Private Meeting View calendar - Add to calendar |
Tuesday 21st January 2025 2 p.m. Business and Trade Committee - Private Meeting View calendar - Add to calendar |
Tuesday 21st January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Export led growth View calendar - Add to calendar |
Tuesday 21st January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Export led growth At 2:30pm: Oral evidence Rt Hon Douglas Alexander MP - Minister for Trade Policy and Economic Security at Department for Business and Trade Rt Hon Nick Thomas-Symonds MP - Minister for Constitution and European Relations at Cabinet Office Amanda Brooks CBE - Director General for Trade Policy, Implementation and Negotiations at Department for Business and Trade View calendar - Add to calendar |
Tuesday 21st January 2025 2 p.m. Business and Trade Committee - Oral evidence Subject: Export led growth At 2:30pm: Oral evidence Rt Hon Douglas Alexander MP - Minister for Trade Policy and Economic Security at Department for Business and Trade Rt Hon Nick Thomas-Symonds MP - Minister for Constitution and European Relations at Cabinet Office Amanda Brooks CBE - Director General for Trade Policy, Implementation and Negotiations at Department for Business and Trade Niall MacEntee-Creighton - Deputy Director, UK-EU Economic and Trade Partnership at Cabinet Office View calendar - Add to calendar |
Tuesday 21st January 2025 6 p.m. Liaison Committee (Commons) - Private Meeting View calendar - Add to calendar |
Tuesday 21st January 2025 6:15 p.m. Liaison Committee (Commons) - Private Meeting View calendar - Add to calendar |
Tuesday 18th March 2025 6 p.m. Liaison Committee (Commons) - Private Meeting View calendar - Add to calendar |
Select Committee Inquiry |
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15 Jan 2025
Export led growth Business and Trade Committee (Select) Not accepting submissions No description available |