13 Dec 2024·Cabinet Office·Answered
AskedPursuant 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.
ReplyIn 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...
13 Dec 2024·Department for Business and Trade·Answered
AskedWhat 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.
ReplyThe 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...
12 Dec 2024·Cabinet Office·Answered
AskedPursuant 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 t
ReplyIn 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 ...
12 Dec 2024·Cabinet Office·Answered
AskedPursuant 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
ReplyIn 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 ...
11 Dec 2024·Department for Business and Trade·Answered
AskedWhat steps his Department plans to take to ensure value for money from additional funding allocated to the aerospace sector in the next five years.
ReplyThe 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 ...
11 Dec 2024·Department for Business and Trade·Answered
AskedHow much private investment he expects from the additional funding allocated to the aerospace sector in the next five years.
ReplyThe 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, a...
11 Dec 2024·Department for Business and Trade·Answered
AskedWith 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 perfo
ReplyThe 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 w...
11 Dec 2024·Department for Business and Trade·Answered
AskedWhat steps his Department plans to take to ensure value for money from additional funding allocated to the automotive sector in the next five years.
ReplyThe 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 suppor...
11 Dec 2024·Department for Business and Trade·Answered
AskedHow much private investment he expects from the additional funding allocated to the automotive sector in the next five years.
ReplyThe 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 continu...
10 Dec 2024·Treasury·Answered
AskedWhat her target level of economic growth is from the overall level of capital spending in the next five years.
ReplyEconomic 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 add...
10 Dec 2024·Treasury·Answered
AskedWhat assessment she has made of the potential impact of R&D tax reliefs on (a) business investment and (b) economic growth.
ReplyThe 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 busine...
10 Dec 2024·Treasury·Answered
AskedWhat metrics she plans to use to assess the value for money of capital spending allocated over the next five years.
ReplyEconomic 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 add...
10 Dec 2024·Treasury·Answered
AskedWhat (a) metrics and (b) fiscal multipliers she plans to use to take allocation decisions for capital spending to Departments in the next five years.
ReplyEconomic 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 add...
10 Dec 2024·Treasury·Answered
AskedWhat 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 sect
ReplyEconomic 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 add...
9 Dec 2024·Treasury·Answered
AskedIf she will make an assessment of which corporate tax reliefs have the largest positive impact on economic growth, ranked by scale of impact.
ReplyThe 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 regu...
9 Dec 2024·Treasury·Answered
AskedIf she will publish economic impact assessments for all corporate tax policies.
ReplyThe 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, whi...
9 Dec 2024·Treasury·Answered
AskedWhat 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.
ReplyThe 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 E...
9 Dec 2024·Treasury·Answered
AskedWhat assessment she has made of the fiscal multipliers for (a) corporate tax reliefs and (b) capital spending authorised by her Department.
ReplyThe 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 E...
9 Dec 2024·Treasury·Answered
AskedWhat estimate she has made of the amount of additional business investment due to the capital allowances measures in the corporate tax roadmap.
ReplyAs 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 fea...
4 Dec 2024·Home Office·Answered
AskedWhen he expects the end of (a) animal testing and (b) testing on beagles at MBR Acres.
ReplyThis 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 wh...