Question to the Department for Work and Pensions:

To ask His Majesty's Government whether they have any plans to conduct an assessment of the impact of artificial intelligence on the UK workforce, and if so, when.

Answered by Baroness Sherlock - Minister of State (Department for Work and Pensions)

We want to ensure that people have access to good, meaningful work. Changes to the labour market are to be expected and we remain mindful of them and their effect on the UK workforce.

The Get Britain Working White Paper sets out how we will address key labour market challenges and spread opportunity in order to fix the foundations of our economy so we can make the most of the opportunities AI presents. This includes launching Skills England to create a shared national plan to boost the nation’s skills, creating more good jobs through our modern Industrial Strategy, and strengthening employment rights through our Plan to Make Work Pay.

We also recognise the impact of artificial intelligence (AI) on economic growth, job creation and productivity. We are working across government to understand the challenges and opportunities that AI presents and will continue to monitor this rapidly developing area.

Question to the HM Treasury:

To ask His Majesty's Government, in light of the Organisation for Economic Co-operation and Development growth forecast, what steps they are taking to balance tax and regulatory policies to promote investment while meeting fiscal responsibilities.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Economic growth is the Government's number one mission and our strategy has consistently set out to grow the supply-side of our economy, including through reforms to skills, planning, and regulation, establishing the National Wealth Fund to unlock £70 billion of private investment, and signing new trade deals with the EU, US, and India to increase opportunities for exporters.

The IMF have said our fiscal strategy is striking “a good balance between supporting growth and safeguarding fiscal sustainability” and that our growth mission “focuses on the right areas to lift productivity”, while on spending they conclude our plans are “credible and growth-friendly” and are “expected to provide an economic boost over the medium term”.

At the Spring Statement, the independent Office for Budget Responsibility upgraded our growth forecast and confirmed we are on track to meet our fiscal rules two years ahead of target.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the implications for the UK’s international reputation as a centre for global capital markets of the fall in sums raised through initial public offerings, declining share ownership by households, and the level of investment by UK pension schemes and insurers in the UK stock markets.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government has delivered an ambitious programme of reforms to make it easier for all firms to list and raise capital on UK markets. This includes overhauling the Prospectus regime and Listing Rules, providing more flexibility to firms and founders raising capital on UK markets.

At Mansion House 2025, the Government published its Financial Services Growth and Competitiveness Strategy, setting out our ten-year plan for the UK to be the world’s centre of choice for financial services investment now and in 2035, with capital markets a core pillar.

At Mansion House, the Chancellor also announced the formation of a Listings Taskforce to support businesses to list and grow in the UK.

In the last few weeks, recent IPOs such as The Beauty Tech Group, Princes Group, Fermi America and Shawbrook Bank have highlighted the continued appeal of the London Stock Exchange for ambitious companies.