Asked by: Baroness Bloomfield of Hinton Waldrist (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what measures they have taken to boost cross-border economic growth between England and Wales.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
Economic growth is the central mission of the government. We work closely with the Welsh Government to ensure that Wales, like all parts of the United Kingdom, plays a full part in this mission and benefits from our modern Industrial Strategy, with higher living standards delivered across the country.
As part of this mission, the government is investing in projects that will drive growth across Wales. Alongside rail commitments announced at the last Spending Review, we have recently announced that Anglesey in North Wales will pioneer the UK’s first small modular reactors at Wylfa, with £2.5 billion of UK Government funding. This represents the most significant industrial investment in North Wales in a generation. The project is expected to support up to 3,000 jobs at peak construction and provide power for up to three million homes. Alongside this announcement, we have designated a new AI Growth Zone at the Anglesey Freeport, as well as another in South Wales.
Asked by: Baroness Bloomfield of Hinton Waldrist (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government whether ministers have met Welsh farmers regarding the agricultural inheritance tax on working farms.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
Ministers from several Government departments have met with organisations including the National Farmers’ Union, the Tenant Farmers’ Association, the Country Land and Business Association, the Central Association of Agricultural Valuers, the Ulster Farmers’ Union, NFU Cymru, NFU Scotland and the Farmers’ Union of Wales.