Tag: George Kerevan

The below Parliamentary question was asked by George Kerevan on 2016-05-23.

To ask the Secretary of State for Foreign and Commonwealth Affairs, what reports the Government has received on involvement by the China National Nuclear Corporation in the illegal supply of 5,000 ring magnets to Pakistan of a type suitable for use in gas centrifuges to enrich uranium for nuclear weapons.

Mr Tobias Ellwood

There were media reports in the mid-1990s of a transfer of 5,000 ring magnets by the China National Nuclear Corporation to Pakistan. China strongly denied government awareness or involvement. In 2004 China joined the Nuclear Suppliers Group, of which the UK is also a member, which agrees guidelines for the transfer of potentially sensitive nuclear-related technologies and material between states.

The below Parliamentary question was asked by George Kerevan on 2015-10-21.

To ask Mr Chancellor of the Exchequer, what his most recent assessment is of the effect of the Help to Buy scheme on house prices.

Harriett Baldwin

The Financial Policy Committee (FPC) assess the impact of the Help to Buy: mortgage guarantee scheme on an annual basis. The most recent review was carried out by the FPC in September 2015. The FPC’s view was that the scheme has not been a material driver of house price growth.

The below Parliamentary question was asked by George Kerevan on 2015-10-21.

To ask Mr Chancellor of the Exchequer, if he will assess the potential effects of the Japanese deflation on the UK economy.

Harriett Baldwin

The Treasury continuously monitors global economic developments, including Japanese inflation developments, and their impact on the UK as part of the normal process of policy development.

The below Parliamentary question was asked by George Kerevan on 2015-10-21.

To ask the Secretary of State for Business, Innovation and Skills, if he will bring forward proposals to assist SMEs with higher labour costs by 2020 under the National Living Wage.

Nick Boles

The Government is reducing Corporation Tax to 19% from 2017-18 and then to 18% from 2020-21; setting the Annual Investment Allowance at a new permanent level of £200,000; and increasing the Employment Allowance by £1,000 to £3,000 from 2016-17. The increase in the employment allowance means a business could employ four people on the National Living Wage and pay no National Insurance Contributions.

The below Parliamentary question was asked by George Kerevan on 2015-09-17.

To ask Mr Chancellor of the Exchequer, what assessment he has made of where the compensating permanent deficit or deficits will appear in the national income accounts as a result of his Department sustaining a permanent budget surplus.

Harriett Baldwin

In the UK National Accounts, the income and expenditure of different sectors (household, corporate, public sector, and the rest of the world) imply paths for each sector’s net lending or borrowing. By identity, these must sum to zero as for each borrower there must be a lender.

If the public sector were to run a budget surplus, there would be an offsetting change in the net lending position of one of the household, corporate and the rest of the world sectors. More information is available in the latest OBR Economic and Fiscal Forecast (July 2015). A link to the information is provided below:

http://budgetresponsibility.org.uk/economic-fiscal-outlook-july-2015/

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The below Parliamentary question was asked by George Kerevan on 2015-09-17.

To ask Mr Chancellor of the Exchequer, what assessment he has made of allegations of unusual volumes of short selling of RBS shares in the period immediately before the August 2015 share offering by UKFI.

Harriett Baldwin

The Chancellor and UK Financial Investments (UKFI) take the allegations of unusual volumes of short selling of RBS shares very seriously. UKFI have analysed the volume of shares on loan in the period immediately before the August 2015 share offering.They have concluded that the increase in the volume of shares on loan ahead of the sale was not material, and did not impact on the final price achieved.

The below Parliamentary question was asked by George Kerevan on 2015-09-17.

To ask the Secretary of State for Defence, how many requests from local or coalition forces for RAF strike missions against targets in Iraq he has rejected because they were deemed to have been in breach of British rules of engagement or posed an unacceptable risk of civilian casualties.

Michael Fallon

None because all targets which are put to me for approval are rigorously assessed in advance for compliance with UK rules of engagement, UK law and international law.

The below Parliamentary question was asked by George Kerevan on 2015-09-17.

To ask the Secretary of State for Defence, what the legal basis is for RAF aircraft entering and transiting Syrian airspace when flying from Akrotiri to bombing missions in Iraq.

Michael Fallon

RAF aircraft do not enter Syrian airspace when flying from Akrotiri to conduct strike missions in Iraq.

The below Parliamentary question was asked by George Kerevan on 2015-09-16.

To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Governor of the Bank of England on the exchange rate of sterling.

Harriett Baldwin

The Chancellor of the Exchequer has frequent discussions with the Governor of the Bank of England on a wide range of issues relating to the UK economy.