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46841

	registered interest
	date	03/04/2014
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, what information his Department holds on the number of individuals employed on zero-hours contracts by (a) region and (b) gender; and what research his Department has commissioned on that matter.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195252
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>The information requested falls within the responsibility of the UK Statistics Authority. I have asked the Authority to reply.</p><p> </p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 07/04/2014 12:00:00 answering member 1561 label Biography information for Mr Nick Hurd attachment 1 file name 195252 ONS171.pdf title Zero Hour Contracts - ONS Letter
	tabling member	4128 label Biography information for Chuka Umunna

46866

	registered interest
	date	03/04/2014
	answering body	Department for Communities and Local Government
	answering dept id	7
	answering dept short name	Communities and Local Government
	answering dept sort name	Communities and Local Government
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Communities and Local Government, what assessment he has made of the extent to which firms in each region will be economically disadvantaged as a result of the Government's decision to delay the revaluation of business rates; and if he will publish a list of firms likely to be so disadvantaged.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195304
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p> </p><p>The Valuation Office Agency published their high level estimates of the impacts of a revaluation in 2015 on 12 November 2012. Their analysis suggests that around 800,000 premises would have seen a real terms increase in their rates at a 2015 revaluation compared with around 300,000 seeing a decrease. A copy of that analysis, including which sectors would have been hardest hit by a 2015 revaluation, is available in the Library of the House.</p><p> </p> answering member constituency Great Yarmouth answering member printed Brandon Lewis question first answered 08/04/2014 12:00:00 answering member 4009 label Biography information for Sir Brandon Lewis
	tabling member	4128 label Biography information for Chuka Umunna

46823

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of shares in Royal Mail allocated to priority investors in its recent privatisation are still held by those investors.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195193
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>As set out in the National Audit Office report, 22% of Royal Mail shares (220.5m) were sold to priority investors. As set out in the NAO report, at the end of January, over a half of the shares remain owned by these investors. Some have sold all their shares; some sold part of their shareholding; and others have acquired more shares.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46824

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, how many officials from (a) his Department and (b) its executive agencies and associated public bodies worked on the Royal Mail privatisation.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195201
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The core team working on the sale of Royal Mail shares was comprised of 17 people. None of the Department's Partner organisations were involved in taking forward the initial public offering.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46825

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what the names are of (a) the 16 priority investors selected and (b) the 21 priority investors under initial consideration by the Government in the privatisation of Royal Mail.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195210
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>All investors in Royal Mail, whether individuals or institutions, have a legitimate expectation of privacy. It would not be appropriate to disclose the list of institutions that were allocated shares in the Initial Public Offering (IPO) or the names of investors that participated in the investor engagement prior to the IPO.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46826

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what process the Government adopted to (a) identify and (b) select priority investors in the recent Royal Mail privatisation.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195196
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The process of investor engagement commenced 12 months prior to the Initial Public Offering (IPO). In the initial period, Royal Mail's management met with over 60 high quality institutions to educate them about the business. During pilot fishing in early September 2013, the management team and the Government's banking advisers engaged further with a focused group of 21 well-informed and longer-term investors. Initial indications of potential demand were received from this group; this gave the Government the confidence to proceed with announcing the Intention to Float on 12<sup>th</sup> September 2013.</p><p> </p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46827

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, for what reasons details of arrangements with priority investors in respect of the privatisation of Royal Mail were not published at the time of that privatisation.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195197
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The Government did not enter into any direct arrangements with investors. All institutional investors entered into agreements with the underwriting banks (the syndicate) to purchase their allocated shares at the offer price. This is standard practice and applied to all investors.</p><p> </p><p>Details of individual allocations were not disclosed because all investors in Royal Mail - whether individuals or institutions - have a legitimate expectation of privacy.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46831

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what (a) discussions and (b) correspondence has taken place between (i) his Department, (ii) Royal Mail, (iii) banks acting as bookrunners, co-ordinators and lead managers and (iv) priority investors since the privatisation of Royal Mail took place; and if he will publish any such relevant correspondence.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195278
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>Since the Initial Public Offering, my Department has had discussions with Royal Mail in our continuing role as a minority shareholder in Royal Mail.</p><p> </p><p>There has been ad hoc contact with the Global Co-ordinators primarily to help with enquiries about the IPO but no formal correspondence.</p><p> </p><p>It is not appropriate to publish correspondence relating to the above on the grounds that it relates to our shareholding or has been provided to help develop Government policy and to do so would inhibit the free and frank advice or exchange of views for the purposes of internal deliberation.</p><p> </p><p>This Department has not had discussions or corresponded with the priority investors.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46833

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what (a) verbal and (b) contractual agreement was made with priority investors in relation to their shareholders during the privatisation of Royal Mail.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195293
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>No verbal or contractual agreement of any description – including future intentions for shareholdings - was made between the Government and any investor in the Royal Mail Initial Public Offering (IPO). Any suggestion that there was a “gentleman's agreement” is false.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna

46834

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what correspondence there was between (a) the bank acting as financial adviser to the Government and (b) banks acting as bookrunners, co-ordinators and lead managers (i) with and (ii) on priority investors; and if he will publish any relevant correspondence.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195282
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The Department has not seen and does not hold copies of any correspondence between Lazard or the Syndicate of banks selling Royal Mail shares and the priority investors.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	4128 label Biography information for Chuka Umunna