Category: Press Releases

John Penrose – 2022 Speech on the Energy Prices Bill

The speech made by John Penrose, the Conservative MP for Weston-super-Mare, in the House of Commons on 17 October 2022.

I have yet to hear a question to which, in the view of the hon. Member for Kilmarnock and Loudoun (Alan Brown), the answer is not more independence for Scotland.

I rise partly to support this very necessary—albeit nose-bleedingly expensive—measure, which is essential to making sure that people can afford to heat their home over the next few months. However, while I support the fundamental underlying principle and the humanity behind it, I must register some grave disquiet in relation to the hon. Gentleman’s point about Henry VIII powers in the Bill.

The concern is not just mine but from many in the industry. Nor is it just about the constitutional point, although that matters; the Secretary of State needs no lessons from anybody here on concerns about Henry VIII powers. Broadly speaking, clauses 13, 21 and 22 will give him the power to intervene and reach in, past Ofgem, with pretty much anything he likes and for pretty much as long as he likes, provided that he can persuade himself or a few other people that the emergency is continuing.

That means two things. First, it means that nobody will be willing to invest in our energy industry if there is a continuing risk that the rules of the game are likely to be changed and the goalposts of the industry moved on a political whim. Secondly, I struggle to think of a measure that will be welcomed more by socialists on the Opposition Benches. It will give them carte blanche, without having to do anything in Parliament, to renationalise anything they like in any future Parliament, unless we trim these powers substantially and impose a significant sunset clause on them. At the moment, we have a programme that is supposed to last for six months and then be subject to a Treasury-led review, but these powers carry on well beyond that. That seems too broad, unconstitutional and a danger to investment in the industry. I urge my right hon. Friend to think carefully and urgently to trim that feature of the Bill.

Finally, the one area in which there is no sunset clause —in which we are actually removing a sunset clause that already exists—is the energy price cap. It will no longer be subject to the sunset clause to which Parliament agreed when it was originally created. That means that legislation that has dramatically and demonstrably failed to do what it was originally supposed to, which was to kill off the loyalty penalty, will carry on like the undead. It will never die, yet it is the one thing that absolutely should. I hope that my right hon. Friend will think again about those important issues.

October 19, 2022
PRESS RELEASE : PM Liz Truss call with President Macron of France [18 October 2022]

The press release issued by Downing Street on 19 October 2022.

The Prime Minister spoke to French President Emmanuel Macron this afternoon.

The leaders discussed their deep concern at Russia’s recent barbaric attacks on civilian areas in Ukraine.

They agreed the UK and France will continue to work closely together with allies to support Ukraine and coordinate our response to Russian aggression.

The Prime Minister and President Macron also welcomed the recent opportunity to meet in person at the leaders’ summit in Prague, and looked forward to continuing to deepen bilateral cooperation.

October 19, 2022
PRESS RELEASE : Investigatory powers Commissioner reappointment of Sir Brian Leveson [October 2022]

The press release issued by 10 Downing Street on 19 October 2022.

The Prime Minister has approved the appointment of Sir Brian Leveson as the Investigatory Powers Commissioner (IPC) for a second three-year term, with effect from 21st October 2022.

Background

Sir Brian was appointed as the second IPC in October 2019, succeeding Sir Adrian Fulford. Before retiring as a senior judge in 2019, he was President of the Queen’s Bench Division and Head of Criminal Justice.

The IPC is responsible for the independent oversight of the use of investigatory powers, ensuring they are used in accordance with the law and in the public interest. He is supported by a number of Judicial Commissioners, the Investigatory Powers Commissioner’s Office (IPCO) and the Office for Communications Data Authorisations (OCDA).

October 19, 2022
PRESS RELEASE : £170 million finance deal boosts British construction firms in Africa [October 2022]
The press release issued by the Department for International Trade on 19 October 2022.
- UK Government announces two landmark finance packages worth combined £174.5 million for vital construction projects in Benin and Togo
- UK Export Finance support will unlock £82 million in export opportunities for UK businesses and build key infrastructure
- Trade Minister James Duddridge to announce deals at first UK-Francophone West & Central Africa Trade & Investment Forum
UK firms are set to benefit from landmark new deals worth a combined £174.5 million to finance construction projects in Benin and Togo.

The deals, funded by both Deutsche Bank and MUFG Bank and guaranteed by UK Export Finance (UKEF), will be announced by Trade Minister James Duddridge today (19 October) in a speech to the inaugural UK-Francophone West and Central Africa Trade and Investment Forum in London.

The event will bring together senior politicians and business leaders from eight African nations to boost trade and investment opportunities across a continent with an economy worth £2.6 trillion.

The deals come as the government ramps up its support for West and Central Africa trade, reinforcing the UK’s ambition to be Africa’s investment partner of choice.

Minister of State for International Trade, James Duddridge said:

This landmark finance package will help businesses capitalise on investment prospects, support high-value jobs and provide new opportunities for UK exporters in some of the world’s fastest-growing markets.

UK Export Finance has supported more than £760 million of projects in the Francophone West & Central Africa region in the last year, and we want to do even more. Today’s Forum is another opportunity to show the UK’s ambition to be Africa’s investment partner of choice has never been stronger.

UKEF, the UK’s world-class export credit agency, has guaranteed a landmark £106.5 million loan from Deutsche Bank to the Benin Government which will fund the construction of a new Ministerial City in Benin.

The project will transform the country’s government complex and unlock £35 million in export opportunities for UK businesses, who will supply equipment to Benin for the construction work whilst creating local jobs.

Duddridge will also announce £68.6 million of UKEF-guaranteed financing from MUFG Bank to build a vital new road between Benin and Togo. This will accelerate inter-Africa trade, by opening up routes to dynamic markets, and unlock £47 million worth of UK exports to the region.

At the same time, the road will connect over 200,000 people living in Togo’s Central Region with safer and crucial transport links to Benin.

His Majesty’s Trade Commissioner for Africa, John Humphrey said:

UK Export Finance has witnessed a growing interest in French-speaking West and Central African markets – an appetite which has seen consistent year on year increases.

Recent successes in these markets include an award-winning and record-breaking financing facility for primary healthcare in Cote d’Ivoire, and an innovative infrastructure financing facility in Cameroon.

Rose Kayi Mivedor, Togo Government Minister for Investment Promotion, added:

This project is part of Togo’s Wider Road Infrastructure plan. Our government continues to make strategic investments in infrastructure to build and maintain a road network that not only helps move people and goods, but also stimulates growth in relevant cities.

UKEF participation confirms the project strength and viability and through its expertise, the parties were able to put in place an affordable financing solution that will make this priority project a success for Togo’s economy.

The UK was Europe’s top investor in Africa this year, according to the UN Conference on Trade and Development’s 2022 world investment report.

Today’s new UKEF deals build on £3.2 billion of support for projects across the continent in the past two years, with even more deals expected in the year ahead.
October 19, 2022
PRESS RELEASE : The normalisation of relations between Kosovo and Serbia remains vital [October 2022]

The press release issued by the Foreign Office on 18 October 2022.

Statement by Fergus Eckersley, UK Political Coordinator at the UN, at the Security Council meeting on Kosovo.

Thank you Mr President. We thank the Special Representative for her briefing. And we welcome the representatives of Kosovo and Serbia to the Security Council.

The United Kingdom welcomes the continued progress made by the Government of Kosovo on a number of important issues, this includes:

Its continued commitment to reform, notably important work on the rule of law, and tackling organised crime and corruption.

It includes Kosovo’s efforts to improve support to victims of Sexual and Gender based violence, and the integration of the Istanbul Convention into its Constitution.

And it includes its work on transitional justice, not least for survivors of conflict related sexual violence, as well as the work of the Government Commission for Missing Persons.

Recent reports from both the EU and the OSCE also show good progress on countering terrorism, public administration reform, the rule of law, the fight against corruption and organised crime, and the protection of human and fundamental rights.

We welcome the government’s increased engagement with minority communities. Dialogue between communities is vital for the stability of Kosovo as a multi-ethnic state, and we encourage the Kosovan government to continue such engagement.

In particular we encourage greater outreach to Kosovo Serb political leaders and representatives to resolve outstanding issues.

President, the normalisation of relations between Kosovo and Serbia remains vital. We reiterate our full support for the EU-facilitated Dialogue between Serbia and Kosovo.

Now is the moment for both parties to engage in the Dialogue in good faith, honour their Dialogue commitments, and avoid actions or rhetoric that could reduce prospects for reaching a comprehensive and sustainable normalisation agreement, benefiting the people of both countries.

The progress referred to in the Secretary-General’s report, for example on the adoption of an energy agreement roadmap, is encouraging. But we were concerned to witness the rise in tensions on 31 July over the implementation of government decisions on car number plates and ID cards. Such decisions should not be used as an excuse for blockades or violence.

We therefore welcome the resolution of the disagreement over ID cards, facilitated through the determined efforts of the EU Special Representative and international partners. This is a clear example of what can be achieved when both parties approach the process with pragmatism.

Finally, President, UNMIK has played a vital role in the incredible progress Kosovo has made since resolution 1244 was adopted in 1999. Conditions on the ground are of course unrecognisable from 1999, and it would be the right time now to undertake a thorough review of UNMIK’s shape and role, and of the Council’s process that we have around it.

In the meantime the UK would like to reiterate its gratitude to the Special Representative and the mission for all of their work, and for the professional implementation of their mandate.

Thank you.

October 18, 2022
PRESS RELEASE : Science Minister in Italy for first meeting with European Space Agency [October 2022]

The press release issued by the Department for Business, Energy and Industrial Strategy on 18 October 2022.

This week (Monday 17 October), recently appointed Minister for Science and Investment Security Nusrat Ghani arrived at the European Space Agency (ESA)’s Centre for Earth Observation to meet with ESA’s Director General Josef Aschbacher, and Austrian Minister for Climate Action, Environment, Energy, Mobility and Technology, Leonore Gewessler.

Minister Ghani was joined by UK Space Agency CEO Paul Bate for the visit, the Minister’s first trip outside the UK since being appointed in her ministerial position within the Department for Business, Energy & Industrial Strategy.

The meeting with Dr. Aschbacher came ahead of this year’s ESA Council of Ministers (CMIN22), set to take place in November, at which member states look to invest in the next evolution of ESA missions and programmes, and at which the UK contribution to ESA will be confirmed.

November’s Ministerial council will present an exciting opportunity to help set the future direction of ESA, and to achieve an outcome for the UK that delivers on our National Space Strategy (NSS) objectives while driving growth and supporting safety and sustainability on Earth.

Minister for Science and Investment Security Nusrat Ghani said:

I am proud to be representing the UK space sector as we discuss our ambitions ahead of the ESA Council of Ministers next month. There are a series of important programmes on the table, and I want to harness opportunities in space to grow the UK economy, create jobs and inspire young people into STEM careers.

It was important to me that my first international trip was with ESA and I look forward to the Council of Ministers meeting in November and campaigning for 2025 UK Presidency.

We’re also making new funding available now to strengthen the UK’s position as a world leader in the satellite communications market, and I look forward to seeing the results of the competition.

Having committed £374 million per year over five years to ESA in 2019, the UK’s investment and collaboration with the agency is of significant value to the economy and domestic sector, illustrated by new UK Space Agency report findings published this week, which find that for every £1 invested, ESA will generate an overall return of £11.80 for the UK economy.

The visit to Italy also coincided with Minister Ghani’s unveiling of a new £15 million fund for UK businesses to revolutionise satellite communications technology. The competition will prioritise customer needs, support sustainable growth and catalyse further investment into the UK space sector, which already employs 47,000 people.

The trip was indicative of the UK’s strong commitment to the space and R&D sector both at home and across Europe. The UK’s European and global partnerships form an essential part of this government’s ambitions in the field as we begin to explore the possibility of bidding for the ESA presidency for 2025, continue to advocate for our association to the Horizon Europe research programme, and look ahead to a busy pipeline of bilateral engagements across R&D.

October 18, 2022
PRESS RELEASE : Mali’s actions and statements call into question its commitment to partnership with the UN [October 2022]

The press release issued by the Foreign Office on 18 October 2022.

Statement by Ambassador James Kariuki at the UN Security Council Quarterly Briefing on Mali.

Thank you, President, and thank you, SRSG Wane, for your insights, your leadership of MINUSMA and the hard work of your team in the toughest of circumstances. I join others in expressing our deepest condolences following the deaths of the four Chadian peacekeepers in Kidal. I also welcome the participation of Foreign Minister Diop in our meeting and express condolences for the deaths of civilians and military losses on the Malian side.

Mr. President, when the Council met to discuss Mali in June, we encouraged the transitional authorities to continue engaging with ECOWAS on an election timetable. Since then, agreement has been reached, sanctions lifted and some positive steps made toward elections. The peace agreement monitoring committee has also met for the first time in over a year. As these endeavours move forward, we hope the authorities will ensure inclusive processes, particularly of women and young people, while promoting dialogue.

We understand the Malian authorities are dealing with multiple challenges. AQ and IS-affiliated groups continue to expand their territory, preying on communities and attacking military bases. The 40% increase in cases of conflict-related sexual violence reported by the Secretary-General is a shocking illustration of just how urgent it is to improve human rights protection.

But the terror imposed by these groups must not be countered with a military response that itself fails to protect civilians and their human rights. In August, the UN Independent Expert on human rights in Mali reported violations committed by Malian forces alongside – and I quote – ‘foreign military personnel described as Russian military officials’. The malign presence of the Wagner Group can no longer be ignored or denied.

All perpetrators of human rights abuses and violations must be held accountable. Without accountability and justice, trust cannot be rebuilt and grievances will endure. MINUSMA must be granted unrestricted access to investigate human rights allegations independently. Mali’s statement in June that the authorities would not guarantee the mission’s freedom to achieve this was deeply concerning and it is part of a pattern of actions and statements that call into question Mali’s commitment to full partnership with MINUSMA. We urge the authorities to work constructively with the mission, lifting restrictions and facilitating the vital work of peacekeepers.

The United Kingdom remains a strong supporter of MINUSMA and its mission. The UN’s forthcoming review of MINUSMA will need to answer some fundamental questions. These include whether and how the mission can maintain a viable presence in Mali. The review should present credible options reflecting realities on the ground. We look forward to engaging with colleagues on this in the coming weeks.

October 18, 2022
PRESS RELEASE : Construction begins on brand new flagship London court in the Square Mile [October 2022]
The press release issued by the Ministry of Justice on 18 October 2022.

The construction of a state-of-the-art combined court is underway in the heart of London’s legal centre as part of Salisbury Square, a new development on Fleet Street.
New civic quarter will increase the number of courtrooms from 8 to 18 in the City of London

Lord Chancellor unveils foundation stones of new court and police station

The court’s foundation stone will be the first to be inscribed with ‘KC’ in over 70 years

The Lord Chancellor and Justice Secretary, Brandon Lewis, unveiled the foundation stones at the construction site today (18 October 2022).

The City of London Law courts will be a modern, efficient and flexible centre for London’s legal services, providing a total of 18 hearing rooms, an increase of 10 on the courts they will replace in 2026. This consists of 8 Crown, six civil and four magistrates’ courtrooms. The court will focus on high-level fraud, cyber and economic crime.

It forms part of wider HM Courts and Tribunals Service estate investment, with £105 million spent during 2021 to 2022 to transform courts and tribunals across England and Wales.

Lord Chancellor and Justice Secretary, Brandon Lewis, said:

The City of London Law courts represent a vision of how justice will work in future – with modern, innovative and flexible courts in fit for purpose buildings.

The Salisbury Square development symbolises our place as one of the leading centres for business, law and justice as we ensure that the UK remains attractive to global business and investment.

The court’s foundation stone is the first in the courts estate to be laid under the reign of King Charles III and the first to be inscribed with ‘KC’ – ‘King’s Counsel’ – in over 70 years.

Developed by The City of London Corporation, Salisbury Square creates a new civic quarter in the Square Mile, bringing together first-class legal and law enforcement facilities. It will generate 400 new jobs and support 2,100 more, enhancing the UK’s reputation as a global destination for business and investment. Once complete, it will see millions invested into the City of London’s economy, thanks to the global appeal of the UK’s legal services.

Policy Chairman at the City of London Corporation, Chris Hayward, said:

Fraud is now the most common crime in the UK, costing the economy billions every year and causing misery for businesses and individuals.

By strengthening our capability to crack down on economic crime, we will enhance the City’s reputation as a world-leading location to do business and keep consumers across the UK safe from fraud.

The Salisbury Square Development will play a vital role in ensuring we can adapt to the changing demands of policing and delivering justice, supporting the UK economy and helping attract international business.

The new building will provide ease of access for all those that use the court, from legal professionals to victims. Facilities will include lifts and wide corridors that provide access for wheelchair users, helping to ensure there are as few barriers as possible for people with disabilities or limited mobility.

The court will be fitted out with all available courtroom technology, with screens and cameras enabling courtrooms to seamlessly transmit and receive video evidence with other court locations.

The court complex has a lifespan of 125 years – triple the design life of a typical building – and sustainability is at the core of its construction, with the new court to run on clean energy sources. It will include an all-electric heating and cooling system provided by 300 metre deep thermal piles to store summer heat below ground for reuse in the winter months. The highly insulated external facades reduce the winter energy demand whilst façade solar shading reduces the cooling required in the summer. Materials will be reclaimed from the buildings that have been demolished for reuse in the new construction.

Designed by Eric Parry Architects, Salisbury Square also includes a new headquarters for the City of London Police, as well as a commercial building. The development will rejuvenate its historic surroundings, forming a gathering place for people to enjoy with outdoor seating and new shops, bars and restaurants.
October 18, 2022
PRESS RELEASE : Joint statement of the Financial Provisions Specialised Committee [18 October 2022]

The press release issued by the Treasury on 18 October 2022.

The sixth meeting of the Specialised Committee on Financial Provisions (SCFP) was held today, 18 October 2022. The meeting was co-chaired by officials from the UK Government and the European Commission. This Committee is assigned by the Withdrawal Agreement Joint Committee to undertake work related to the implementation of the financial provisions in Part V of the Withdrawal Agreement.

The UK and the EU exchanged updates on the tasks carried out under the remit of this Specialised Committee. Both parties noted the positive engagement on the annual reporting package required by the Withdrawal Agreement and the associated invoices. The fourth invoice was provided by the European Commission in September. The payment of these amounts will be made in eight monthly instalments, with the first due date set on 31 October 2022, in accordance with the terms of the Withdrawal Agreement. The European Commission will continue submitting these payment communications to the UK twice annually, in April and September, until outstanding net liabilities are extinguished.

The UK and EU sides reaffirmed their commitment to complying with their legal obligations under the Withdrawal Agreement.

The two sides appreciated the ongoing good cooperation in this field, and committed to continue working collaboratively on a range of implementation issues, in recognition of the mutual benefit of a smooth implementation of the financial provisions of the Withdrawal Agreement.

October 18, 2022
PRESS RELEASE : Three new non-executive directors appointed to the Court of the Bank of England [October 2022]

The press release issued by HM Treasury on 18 October 2022.

Lord Jitesh Gadhia, Sabine Chalmers and Tom Shropshire will take up their roles at the Bank’s Court in the coming months.

Her Late Majesty Queen Elizabeth the Second approved the appointment of three new non-executive directors (NEDs) of the Court of the Bank of England. These appointments will be made by the King.

The new NEDs will take up their roles at the Bank’s Court in the coming months for terms lasting four years.

The Bank’s Court acts as the governing body responsible for setting the organisation’s strategy, budget and taking key decisions on resourcing and appointments. The Court is not responsible for the matters reserved to the Bank’s main policy committees, the Monetary Policy Committee, the Financial Policy Committee and Prudential Regulation Committee.

Jeremy Hunt, the Chancellor of the Exchequer, said:

“I am delighted to be able to announce the appointment of Lord Jitesh Gadhia, Sabine Chalmers and Tom Shropshire. Each of them will bring immense skill and experience to the Bank’s Court.

“I look forward to continuing to work closely with the Bank’s leadership, and remain fully committed to its independence.”

Andrew Bailey, Governor of the Bank of England, said:

“I am very pleased to welcome Lord Jitesh Gadhia, Sabine Chalmers and Tom Shropshire as non-executive directors of Court. Their varied experiences make them invaluable additions to Court and the running of the Bank. I look forward to working with them all.”

David Roberts, incoming Chair of Court, said:

“I am delighted to welcome Jitesh, Tom and Sabine to the Bank’s Court of Directors. They will bring fresh insights, deep wisdom and wide experience to help Court fulfil its role of promoting the good of the people of the United Kingdom.”

About the appointments

The Bank of England is the central bank of the UK. It is governed by the board of directors known as the Court of Directors. Further information can be found at the Bank of England website.

All members of the Court are appointed by the Crown on the recommendation of the Prime Minister and the Chancellor of the Exchequer.

All appointments to the Court are made on merit and political activity plays no part in the selection process.

These appointments are regulated by the Commissioner for Public Appointments, who provides independent assurance that appointments are made in accordance with the Government’s Principles of Public Appointments and Governance Code.

About Lord Jitesh Gadhia

Lord Jitesh Gadhia has over 25 years of investment banking and financial services experience, having held senior positions at Blackstone, Barclays Capital, ABN AMRO and Baring Brothers. Lord Gadhia currently serves on the boards of Rolls-Royce Holdings plc, Taylor Wimpey plc and Compare The Market Limited. He previously served on the boards of UK Financial Investments Limited (UKFI) and UK Government Investments Limited (UKGI).

About Sabine Chalmers

Sabine Chalmers is general counsel, company secretary, and director of regulatory affairs at BT. Sabine was previously chief legal and corporate affairs officer and company secretary of Anheuser-Busch InBev. Sabine is currently a non-executive director at Anheuser-Busch InBev and has also served as a non-executive director at Coty.

About Tom Shropshire

Tom Shropshire is the general counsel and company secretary of Diageo plc. Prior to this, he was a partner at Linklaters LLP, where he was global head of the US Practice, founder and co-head of the Risk and Resilience Practice and a member of their executive committee.

Footnotes:

In accordance with the original Nolan principles, there is a requirement for appointees’ political activity (if any is declared) to be made public. Lord Jitesh Gadhia was appointed as a Conservative Peer in 2016 and he became a non-affiliated member of the House of Lords in February 2017. Sabine Chalmers and Tom Shropshire have confirmed they have not engaged in any political activity in the last five years.

October 18, 2022