Category: Speeches

  • Lord Myners – 2016 Parliamentary Question to the HM Treasury

    Lord Myners – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Lord Myners on 2016-03-21.

    To ask Her Majesty’s Government whether central clearing houses in financial markets are required to prepare living wills; and what measures have been put in place to manage a capital failure.

    Lord O’Neill of Gatley

    UK legislation requires central counterparties (CCPs) to develop recovery plans and to have ‘loss allocation’ rules, in order to allocate any losses sustained by the CCP either following the default of a clearing member or due to certain non-default events, so that the CCP can continue to provide its critical functions.

    The Government has also broadened the scope of the UK’s Special Resolution Regime to cover CCPs. When certain conditions are met, this allows the Bank of England to intervene by transferring all or some of the business of a CCP to either a private sector purchaser or to a bridge CCP owned by the Bank of England, or to transfer ownership of the CCP to any person.

    Qualifying changes of control of CCPs are assessed by the Bank of England and I refer the noble Lord to my written answer HL7153 of 1 April 2016.

    “

  • Sharon Hodgson – 2016 Parliamentary Question to the Department for Education

    Sharon Hodgson – 2016 Parliamentary Question to the Department for Education

    The below Parliamentary question was asked by Sharon Hodgson on 2016-04-25.

    To ask the Secretary of State for Education, how many local authority educational psychology services are trading their services.

    Edward Timpson

    The Department does not collect information on how many local authority educational psychology services are trading their services.

  • Andrew Gwynne – 2016 Parliamentary Question to the Department of Health

    Andrew Gwynne – 2016 Parliamentary Question to the Department of Health

    The below Parliamentary question was asked by Andrew Gwynne on 2016-05-25.

    To ask the Secretary of State for Health, if he will request that the Joint Committee on Vaccination and Immunisation undertakes an assessment of the recommendation from the Britain Against Cancer conference held in December 2015 to report its review on extending HPV vaccination to boys in 2016.

    Jane Ellison

    The Joint Committee on Vaccination and Immunisation’s (JCVI) advice needs to be based on a robust cost-effectiveness analysis. This is underway and Public Health England is due to report by early 2017. The JCVI has agreed that shortcuts could undermine the validity of the results and will begin its deliberations on extending vaccination to adolescent boys once all the necessary evidence is available. It is important that we follow a proper process and that the JCVI has a full understanding of the cost-effectiveness of vaccination programmes.

  • James Berry – 2016 Parliamentary Question to the Department for Transport

    James Berry – 2016 Parliamentary Question to the Department for Transport

    The below Parliamentary question was asked by James Berry on 2016-07-21.

    To ask the Secretary of State for Transport, what assessment his Department has made of the potential effect on the level of fees charged by Heathrow Airport to airlines in the event of a third runway being built at that airport.

    Mr John Hayes

    The Airports Commission shortlisted three airport expansion schemes, two at Heathrow and one at Gatwick. The Government accepted the Commission’s shortlist in December 2015 and is considering all of the evidence very carefully before reaching a view on its preferred scheme. The Government is not providing a running commentary on this work and nor would it be appropriate to outline specific pieces of evidence before an announcement on its preference. Any work to inform an announcement will be set out in subsequent publications and associated consultation.

  • Catherine West – 2016 Parliamentary Question to the Department for International Trade

    Catherine West – 2016 Parliamentary Question to the Department for International Trade

    The below Parliamentary question was asked by Catherine West on 2016-10-12.

    To ask the Secretary of State for International Trade, what discussions he has had with his counterparts in (a) Argentina, (b) Indonesia, (c) Saudi Arabia and (d) Turkey on negotiating trade deals with the UK.

    Greg Hands

    Ministers and officials in the Department for International Trade are making and planning overseas visits to a wide range of markets, in order to promote the UK as a great place to do business and with which to trade. Through these discussions, we are working to ensure we take advantage of all the opportunities available to us, including through our future trading relationships. Alongside this activity, we are holding regular bilateral Ministerial dialogues on economics and trade, namely Joint Economic and Trade Committees (JETCOs), including with Indonesia, Saudi Arabia and Turkey.

  • Alex Cunningham – 2015 Parliamentary Question to the Department for Environment, Food and Rural Affairs

    Alex Cunningham – 2015 Parliamentary Question to the Department for Environment, Food and Rural Affairs

    The below Parliamentary question was asked by Alex Cunningham on 2015-11-10.

    To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the animal welfare benefits of the proper use of non-toxic alternatives to lead ammunition for sports shooting; and what comparative assessment she has made of the policies adopted in other countries and their effect on animal welfare.

    Rory Stewart

    The Government is considering the independent Lead Ammunition Group’s report on the effect of lead shot on human and wildlife health and will respond as soon as possible.

    The Food Standards Agency has produced advice on the consumption of lead shot game which can be accessed at https://www.food.gov.uk/science/advice-to-frequent-eaters-of-game-shot-with-lead.

    “

  • Luke Hall – 2016 Parliamentary Question to the Foreign and Commonwealth Office

    Luke Hall – 2016 Parliamentary Question to the Foreign and Commonwealth Office

    The below Parliamentary question was asked by Luke Hall on 2016-01-06.

    To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent assessment he has made of the political situation in Libya.

    Mr Tobias Ellwood

    We welcome the signature of the Libyan Political Agreement on 17 December which paves the way for a new Government of National Accord in Libya. The security situation remains fragile and it is vital that the new government is formed quickly to tackle the threats from Daesh and people smuggling.

  • Luciana Berger – 2016 Parliamentary Question to the Department of Health

    Luciana Berger – 2016 Parliamentary Question to the Department of Health

    The below Parliamentary question was asked by Luciana Berger on 2016-01-26.

    To ask the Secretary of State for Health, pursuant to the Answer of 26 January 2016 to Question 23676, when the work being undertaken by Health Education England and NHS England to which he refers will be completed.

    Alistair Burt

    The additional significant investment in perinatal mental health totaling £350 million from 2016/17- 2020/21, together with the recommendations of the forthcoming report of the independent Mental Health Taskforce, will enable NHS England to design a broader five year transformation programme to build capacity and capability in specialist perinatal mental health services, with the aim of enabling women in all areas of England to access care that is in line with the National Institute for Health and Care Excellence guidelines by 2020/21.

    Work is underway to lay the foundations for this longer-term work through targeted funding of activities to build capacity in specialist services. This will include, for example, a £1 million investment in strengthening clinical networks across the country. It is also expected to include developing clinical leadership capacity and training for the perinatal workforce to build the skills and capabilities within specialist teams.

    NHS England will work with partners, including Health Education England, over the coming months, to develop the five year programme for improving specialist perinatal mental health services.

  • Matthew Pennycook – 2016 Parliamentary Question to the Department for Energy and Climate Change

    Matthew Pennycook – 2016 Parliamentary Question to the Department for Energy and Climate Change

    The below Parliamentary question was asked by Matthew Pennycook on 2016-02-23.

    To ask the Secretary of State for Energy and Climate Change, when she will publish the findings of the Frontier Economics analysis commissioned by her Department in 2014 with the aim of further systematising her Department’s understanding of the whole system impacts of electricity generation technologies.

    Andrea Leadsom

    DECC commissioned Frontier Economics late in 2014 to undertake a project on the Whole System Impacts of Electricity Generation Technologies on the electricity system.

    Given the variety of different terminologies and approaches to whole system impacts in existing literature, the core aim of the project is to set out a comprehensive framework to define whole system impacts and their components and drivers, which can be used to further systematise DECC’s modelling capability. The resulting methodological report is nearing completion following peer review by experts in the field of whole system impacts.

  • Lord Harrison – 2016 Parliamentary Question to the HM Treasury

    Lord Harrison – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Lord Harrison on 2016-03-21.

    To ask Her Majesty’s Government what consultation or correspondence they had with companies offering employee share ownership schemes before announcing the withdrawal of HM Revenue and Custom’s valuation check service.

    Lord O’Neill of Gatley

    HM Revenue and Customs (HMRC) has been consulting representative bodies through the Valuation Fiscal Forum over the last 18 months.

    HMRC has not withdrawn valuation services that are most relevant to employee share ownership schemes.

    These include:

    • Enterprise Management Incentives (EMI),

    • Company Share Option Plans (CSOP),

    • Save As You Earn share option schemes (SAYE),

    • Share Incentive Plans (SIP) and

    • Employee Shareholder Status (ESS).

      HMRC has, however, announced a review of the valuation services for those schemes and is consulting interested parties.

      HMRC has withdrawn valuation checks for income tax and PAYE that are not part of these recognised employee ownership schemes. Most people submitted acceptable valuations and therefore the valuation service offered was not seen as needed.