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1698975

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of his Department's staff are seconded to the Asian Infrastructure Investment Bank and for what purpose.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20494
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>HM Treasury pursues secondments with a wide range of partners to represent the Treasury, deepen our exchange with other institutions whilst also honing the skills and experience of our staff beyond the Civil Service environment.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 14:26:06 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698976

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what funding the UK has committed to the Asian Infrastructure Investment Bank since becoming a member.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20495
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Details on UK funding committed to the Asian Infrastructure Investment Bank (AIIB) can be found in the <a href="https://www.legislation.gov.uk/ukdsi/2015/9780111138960" target="_blank">AIIB Capital Order 2015</a> and in the <a href="https://www.gov.uk/government/publications/asian-infrastructure-investment-bank-aiib-special-fund" target="_blank">published guidance relating to the AIIB Project Preparation Special Fund.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 08:57:24 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698978

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the (a) financial and (b) political (i) benefits and (ii) disadvantages of membership of the Asian Infrastructure Investment Bank.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20496
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The Asian Infrastructure Investment Bank (AIIB) is an established multilateral development bank (MDB) with a membership of 109 countries worldwide.</p><p>The benefits of the UK's membership of the AIIB were set out when the government <a href="https://www.gov.uk/government/news/uk-announces-plans-to-join-asian-infrastructure-investment-bank" target="_blank">announced its intention for the UK to join the AIIB</a> and in <a href="https://hansard.parliament.uk/commons/2015-10-19/debates/38666024-f411-47c2-a905-96ea04ca1fa8/DraftAsianInfrastructureInvestmentBank(InitialCapitalContribution)Order2015" target="_blank">presenting the Draft AIIB (Initial Capital Contribution) Order 2015 for agreement by the House of Commons.</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:25:18 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698981

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to tackle the threat of use by the Chinese authorities of UK membership of the Asian Infrastructure Investment Ban to access UK data.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20497
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>We are actively monitoring threats to UK data and will not hesitate to take further action if necessary to protect our national security.</p><p>Data can be exploited by those seeking to counter UK interests and we are taking action to secure our data. As set out in the Integrated Review Refresh 2023, this includes considering new levers to prevent hostile actors accessing our data.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 13:28:02 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1698984

registered interest
date	26/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Secondment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, to what overseas-based financial organisations staff from his Department are seconded; and how many staff are seconded to each such organisation for how long and for what purpose.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	20498
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>HM Treasury pursues secondments with a wide range of partners to represent the Treasury, deepen our exchange with other institutions whilst also honing the skills and experience of our staff beyond the Civil Service environment.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 14:24:37 answering member 4639 label Biography information for Bim Afolami
tabling member	114 label Biography information for Tim Loughton

1694467

registered interest
date	07/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pension Funds: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to make investment in energy infrastructure more attractive for pension funds.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	17484
answer	answer is ministerial correction date of answer 12/03/2024 answer text <p>The government is attracting tens of billions of private investment into energy infrastructure from a wide variety of sources. Autumn Statement 2023 announced planning and grid reforms which could bring forward £90 billion of investment in energy infrastructure over 10 years, and since September 2023 alone companies have announced plans for £30 billion of new energy investment.</p><p> </p><p>Autumn Statement added to the significant progress government has already made in creating the right enabling environment for infrastructure in decarbonization, as set out in Powering Up Britain. This includes:</p><p>- Innovative financing mechanisms and business models to provide revenue support and long-term certainty for investors in green industries, including Contracts for Difference (CfDs) for renewable energy generation, Regulated Asset Base (RAB) for nuclear, and models for CCUS and hydrogen.</p><p>- A strong public finance offer, including the £22bn in financial capacity in the UK Infrastructure Bank (UKIB) which enables it to partner with the private sector and government to increase net zero infrastructure investment.</p><p> </p><p>Spring Budget 2024 delivers and builds on announcements from Autumn Statement, creating the enabling environment for net zero investment through energy system reforms. This includes:</p><p>- Confirmation of the parameters of the 6<sup>th</sup> Contracts for Difference (CfD) round for offshore wind, with the largest ever budget set at £1 billion.</p><p>- Seizing the growth opportunities of the net zero transition, with an additional £120 million for the Green Industries Growth Accelerator targeted at manufacturing capacity in the clean energy sectors where the UK has the strongest current or potential advantage: CCUS, hydrogen, offshore wind, networks, and nuclear. This brings overall funding for the Green Industries Growth Accelerator to over £1 billion.</p><p>- The pensions reforms currently being developed by the Government, Financial Conduct Authority and The Pensions Regulator, which will also help ensure that pension funds are investing in the full range of asset classes including infrastructure.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 12/03/2024 14:39:01 answering member 4850 label Biography information for Gareth Davies
tabling member	114 label Biography information for Tim Loughton