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  • Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Seema Malhotra on 2016-01-26.

    To ask Mr Chancellor of the Exchequer, on what basis his Department assessed the effect of changes to the (a) annual allowance and (b) lifetime allowance on pension contributions.

    Harriett Baldwin

    The Government does not hold its own records on total accumulated pension wealth, only on pension contributions. For the purposes of the Lifetime Allowance, officials have used data from the ONS Wealth and Assets Survey, which includes estimates of pension wealth.

    The Government assessed the effects of changes to the Annual Allowance and Lifetime Allowance by considering how many people would have to reduce their saving in response to these reductions. This methodology was agreed with the OBR.

    The reduction in the Lifetime Allowance will affect only 4% of savers currently approaching retirement. The Lifetime Allowance will be reduced to £1 million from April, but the average pension savings of someone approaching retirement is only £85,000.

    Just 1% of savers make contributions of £40,000 per year, the level of the Annual Allowance since April 2014. The average saver contributes £6,000 per year.

    The introduction of the Tapered Annual Allowance for individuals who earn over £150,000 in April 2016 will impact less than 2% of people saving into a pension.

    The Government laid out its modelling on the effect of changes to the Annual and Lifetime Allowances on pension contributions in its policy costings documents at the March and Summer Budgets 2015.

    For changes to the Lifetime Allowance, the Wealth and Assets Survey was used to estimate pension wealth, and this was projected forward using assumed pension contributions and estimates of the real rate of return on pensions savings taken from the OECD and the Government Actuary’s Department.

    For the Tapered Annual Allowance, modelling used estimates from the Survey of Personal Incomes, HMRC operational data on personal pension contributions, the ONS Annual Survey of Hours and Earnings, and the Occupational Pension Scheme Survey.

  • Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Seema Malhotra on 2016-01-26.

    To ask Mr Chancellor of the Exchequer, what information his Department holds on accumulated pension wealth on the lifetime allowance basis.

    Harriett Baldwin

    The Government does not hold its own records on total accumulated pension wealth, only on pension contributions. For the purposes of the Lifetime Allowance, officials have used data from the ONS Wealth and Assets Survey, which includes estimates of pension wealth.

    The Government assessed the effects of changes to the Annual Allowance and Lifetime Allowance by considering how many people would have to reduce their saving in response to these reductions. This methodology was agreed with the OBR.

    The reduction in the Lifetime Allowance will affect only 4% of savers currently approaching retirement. The Lifetime Allowance will be reduced to £1 million from April, but the average pension savings of someone approaching retirement is only £85,000.

    Just 1% of savers make contributions of £40,000 per year, the level of the Annual Allowance since April 2014. The average saver contributes £6,000 per year.

    The introduction of the Tapered Annual Allowance for individuals who earn over £150,000 in April 2016 will impact less than 2% of people saving into a pension.

    The Government laid out its modelling on the effect of changes to the Annual and Lifetime Allowances on pension contributions in its policy costings documents at the March and Summer Budgets 2015.

    For changes to the Lifetime Allowance, the Wealth and Assets Survey was used to estimate pension wealth, and this was projected forward using assumed pension contributions and estimates of the real rate of return on pensions savings taken from the OECD and the Government Actuary’s Department.

    For the Tapered Annual Allowance, modelling used estimates from the Survey of Personal Incomes, HMRC operational data on personal pension contributions, the ONS Annual Survey of Hours and Earnings, and the Occupational Pension Scheme Survey.

  • Gareth Thomas – 2016 Parliamentary Question to the Cabinet Office

    Gareth Thomas – 2016 Parliamentary Question to the Cabinet Office

    The below Parliamentary question was asked by Gareth Thomas on 2016-01-26.

    To ask the Minister for the Cabinet Office, how many people have taken part in the National Citizen Service (NCS) in each of the last five years; how many people he estimates will take part in the NCS in the next three years; and if he will make a statement.

    Mr Rob Wilson

    Whilst the most recent figures for 2015 have not yet been confirmed, the table below shows numbers of National Citizen Service participants since the programme began in 2011.

    Year

    Number of NCS Participants

    2011

    8,434

    2012

    26,003

    2013

    39,566

    2014

    57,789

    2015

    To be published in 2016

    We have ambitious targets for the next three years, on a trajectory to deliver 300,000 participants per year in 2019. We are committed to extending the benefits of NCS to as many young people and communities as possible, by providing a place for every young person who wants one.

  • Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, how many and what proportion of his Department’s Named Day Questions have been answered on the named day since September 2015.

    Joseph Johnson

    Between 1 September 2015 and 27 January 2016 the Department received 441 questions for answer on a named day. Of these 250, or 57%, were answered on that named day.

  • Phil Boswell – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Phil Boswell – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Phil Boswell on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, how much funding has been allocated to apprenticeships in each year since 2010.

    Nick Boles

    The following table shows actual spending figures for apprenticeships in England for Financial Years 2010-2014

    £K

    FY2010-11

    FY2011-12

    FY2012-13

    FY2013-14

    FY2014-15

    16 to18 inclusive

    744,870

    758,966

    670,211

    717,575

    783,198

    19 and over

    450,880

    624,602

    753,886

    737,022

    776,573

    TOTAL

    1,195,750

    1,383,568

    1,424,097

    1,454,597

    1,559,771

    Responsibility for the Apprenticeship Programme is shared between the Department for Business, Innovation and Skills which funds adult apprenticeships (19+) and the Department for Education which funds 16-18 year olds.

    The apprenticeships levy will put apprenticeship funding on an even more sustainable footing and improve the technical and professional skills of the workforce, which is an important component of productivity.

  • Richard Burden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Richard Burden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Richard Burden on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to ensure effective enforcement of the National Minimum Wage in the maritime sector.

    Nick Boles

    My Department has worked with Maritime bodies to increase awareness of the National Minimum Wage (NMW) enforcement options available, including the ACAS helpline and HMRC enforcement operations. The Department for Business, Innovation and Skills is working with the sector to agree specific NMW guidance for seafarers. This guide will provide more information on the UK and International maritime law and raise awareness of enforcement measures in place to help anyone who needs them. The guide will advertise the ACAS helpline. I have also met with the hon Member for Gateshead (Ian Mearnes), Convenor of the RMT, to discuss the enforcement of the NMW and how we can raise awareness of enforcement action further.

  • Richard Burden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Richard Burden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Richard Burden on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, what recent steps he has taken to advertise the ACAS-administered Pay and Work Rights Helpline to seafarers recruited from overseas to work in the UK shipping industry.

    Nick Boles

    My Department has worked with Maritime bodies to increase awareness of the National Minimum Wage (NMW) enforcement options available, including the ACAS helpline and HMRC enforcement operations. The Department for Business, Innovation and Skills is working with the sector to agree specific NMW guidance for seafarers. This guide will provide more information on the UK and International maritime law and raise awareness of enforcement measures in place to help anyone who needs them. The guide will advertise the ACAS helpline. I have also met with the hon Member for Gateshead (Ian Mearnes), Convenor of the RMT, to discuss the enforcement of the NMW and how we can raise awareness of enforcement action further.

  • Phil Boswell – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Phil Boswell – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Phil Boswell on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the implications for his policy on apprenticeships of the finding of the Institution of Mechanical Engineers in its report, Engineered in Britain, published in December 2015, that more than half of manufacturers think that a lack of skilled people is the biggest danger to UK manufacturing.

    Nick Boles

    Skills policy is a devolved area so the Devolved Administrations have complete flexibility over how to support businesses in all sectors to ensure there are sufficient skilled workers. In England, our 2020 Vision sets out how we will reach 3 million apprenticeship starts by 2020. We are supporting the growth of apprenticeships in all sectors by working with large and small businesses to begin or expand their programmes, setting new expectations for public sector bodies, and through public procurement.

    Employer-led reforms continue to improve the quality of apprenticeships, with employers designing new apprenticeship standards that fully meet their skills needs. Employers in the advanced manufacturing and engineering sector are involved in developing apprenticeship standards in over 30 occupations, including aerospace engineer and manufacturing engineer.

  • Kit Malthouse – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kit Malthouse – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kit Malthouse on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to support the life sciences industry.

    George Freeman

    This Government recognises that health and life sciences industries are a key source of future growth and is committed through the Life Sciences Strategy to providing a supportive wider business environment in which these industries can flourish, so that the UK can be the best place in the world to develop and launch innovative medicines, technologies and diagnostics. Priorities include: simplifying the adoption of transformative products within the NHS through the Accelerated Access Review; supporting new and growing markets and disruptive technologies – such as digital health and genomics; and working across Government to improve the UK’s competitiveness to stimulate investment and drive export growth. Our latest estimates show collective Government support since the Life Science Strategy launched has stimulated more than £6bn in new investment by the life science industry linked to more than 17,000 new sector jobs.

  • Kit Malthouse – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kit Malthouse – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kit Malthouse on 2016-01-26.

    To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the link between government support for UK Life Sciences and pharmaceutical research and development investment in the UK.

    George Freeman

    Our latest estimates show that collective Government support through the Life Science Strategy has stimulated more than £6 billion in new investment by the life sciences industry linked to more than 17,000 new sector jobs. Underpinning this success is the UK’s world class science base and an increasingly strong and informed relationship between our universities and wider life sciences community, which is a key attractor for investment by domestic and overseas companies. Through the Accelerated Access Review the government is making this country a world leading place to design, develop and deploy medical innovations, stimulating investment and creating a stronger NHS.