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61351

registered interest
date	11/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Thames Tideway Tunnel
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the ability of Thames Water to service the costs of building the proposed Thames Tideway Tunnel.
tabling member constituency	Carmarthen East and Dinefwr
tabling member printed	Jonathan Edwards
uin	200297
answer	answer is ministerial correction date of answer 17/06/2014 answer text <p><strong>The Government's Reasons for Specification Notice, published on 5 June 2014, explains in detail why the Government believes that the project is of a scale and complexity that would threaten Thames Water's ability to provide services to its customers. Paragraphs 21 to 35 provide this explanation.</strong></p><p> </p><p><strong>The Reasons Notice is available from the following link: </strong></p><p> </p><p><strong><a href="https://www.gov.uk/government/publications/thames-tideway-tunnel-project-specification-and-preparatory-work-notices" target="_blank">https://www.gov.uk/government/publications/thames-tideway-tunnel-project-specification-and-preparatory-work-notices</a></strong></p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 17/06/2014 15:19:26 answering member 1535 label Biography information for Danny Alexander
tabling member	3943 label Biography information for Jonathan Edwards

61352

registered interest
date	11/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Infrastructure
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which infrastructure projects have accessed the UK Guarantees scheme; and how much funding was issued in each such case.
tabling member constituency	Carmarthen East and Dinefwr
tabling member printed	Jonathan Edwards
uin	200328
answer	answer is ministerial correction date of answer 17/06/2014 answer text <p>Three guarantees and one Stand-by Facility have been signed under the UK Guarantees Scheme with a total value of £1,090,800,000. This includes Drax Power (£75m), Sustainable Development Capital – UK Energy Efficiency Investment Funds (£8.8m), Northern Line Extension (£750m) and Mersey Gateway Bridge (£257m).</p><p> </p><p>Any guarantees signed are reported to Parliament as required by the legislation, Infrastructure (Financial Assistance) Act 2012, underpinning the Scheme and can also be found on the gov.uk website.</p><p> </p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 17/06/2014 15:18:07 answering member 1535 label Biography information for Danny Alexander
tabling member	3943 label Biography information for Jonathan Edwards

61353

registered interest
date	11/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Thames Tideway Tunnel
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what financial risk assessment he has carried out in respect of offering guarantees for the proposed Thames Tideway Tunnel.
tabling member constituency	Carmarthen East and Dinefwr
tabling member printed	Jonathan Edwards
uin	200335
answer	answer is ministerial correction date of answer 17/06/2014 answer text <p><strong>The Government has not proposed a guarantee for the Thames Tideway Tunnel. It has instead put in place a package of contingent financial support designed to cover low probability but high impact risks, prioritising the delivery of value for money for both taxpayers and customers. Further details are provided by the Secretary of State for Environment, Food and Rural Affairs in a Written Ministerial Statement on 5 June. </strong></p><p> </p><p><strong>This statement is published in Hansard at: <a href="http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm140605/wmstext/140605m0001.htm#14060532000008" target="_blank">http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm140605/wmstext/140605m0001.htm#14060532000008</a></strong></p><p> </p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 17/06/2014 15:20:50 answering member 1535 label Biography information for Danny Alexander
tabling member	3943 label Biography information for Jonathan Edwards

60601

registered interest
date	09/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	A120
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will add to the National Infrastructure Plan a scheme to upgrade and improve the A120 between Braintree and Marks Tey.
tabling member constituency	Witham
tabling member printed	Priti Patel
uin	199719
answer	answer is ministerial correction date of answer 16/06/2014 answer text <p>This Government recognises the importance of transport infrastructure to support the economy and, as set out in the National Infrastructure Plan 2013, has already announced over £28 billion of funding for enhancements and maintenance of national and local roads</p><p> </p><p>The specific schemes identified in the National Infrastructure Plan 2013 have the ability to complete or begin their construction in the next Parliament. Proposals for improvements to the A120 between Braintree and Marks Tey are not yet sufficiently developed to be included in the Highways Agency pipeline of future projects, and are therefore not currently included in the National Infrastructure Plan.</p><p> </p><p> </p><p>However, the A120 is being looked at by the Highways Agency as part of its work on the East of England Route Strategy, which will look to determine the nature, need and timing of future investment that might be required. I would encourage you to engage with the Highways Agency's route strategy process.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 16/06/2014 14:41:17 answering member 1535 label Biography information for Danny Alexander
tabling member	4066 label Biography information for Priti Patel

60657

registered interest
date	09/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will assess the merits of introducing tax-rate floors to contracts involving Private Finance Initiative arrangements.
tabling member constituency	Dover
tabling member printed	Charlie Elphicke
uin	199713
answer	answer is ministerial correction date of answer 16/06/2014 answer text <p>In December 2012, the Government launched Private Finance 2 (PF2). PF2 introduces significant reforms to the Private Finance Initiative (PFI) and gives a new approach to the delivery of public infrastructure. It is based on the outcomes of a wide call for evidence held across both the public and private sectors.</p><p> </p><p>The Government seeks to ensure that the UK tax system is competitive for all companies and that the UK is an attractive place to do business, while retaining proportionate anti-avoidance protection.</p><p> </p><p> </p><p>A special purpose vehicle set up for the purposes of delivering a PFI project is no different from any other corporate entity and is therefore required to pay corporation tax in accordance with government rules.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 16/06/2014 14:43:06 answering member 1535 label Biography information for Danny Alexander
tabling member	3971 label Biography information for Charlie Elphicke

50463

registered interest
date	09/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to increase value for money for the Exchequer from private finance initiative arrangements.
tabling member constituency	Dover
tabling member printed	Charlie Elphicke
uin	198322
answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>PF2 is one of a range of procurement routes available to projects. Value for money is the primary driver when choosing a procurement route.</p><p> </p><p>PF2 offers improved value for money for the public sector and the taxpayer compared to the Private Finance Initiative. An improved procurement process, public sector equity co-investment, more efficient risk allocation and greater flexibility of service provision has improved the cost effectiveness of PF2 relative to the Private Finance Initiative.</p><p> </p><p>The Government has taken significant steps to improve the cost effectiveness of existing PFI contracts, including delivery of £1.5 billion of savings, which has been assured by the National Audit Office, and identifying potential further savings of more than £1 billion.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 14/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	3971 label Biography information for Charlie Elphicke

50009

registered interest
date	06/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Home Office on the economic effect of the Tier 1 (Investor) visa; and if he will make a statement.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	197732
answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>Treasury Ministers and officials have regular discussions with the Home Office on a wide variety of topics as part of the process of policy development and delivery.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 12/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	1586 label Biography information for Adam Afriyie

48753

registered interest
date	28/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the next 40 infrastructure projects are that the Government plans to undertake; and in what order the Government plans to undertake those projects.
tabling member constituency	Mid Sussex
tabling member printed	Nicholas Soames
uin	196970
answer	answer is ministerial correction date of answer 06/05/2014 answer text <p><strong>The Government published its top 40 priority infrastructure investments in its National Infrastructure Plan (December 2013). This included projected construction start and finish dates. The relevant information is contained in Annex A of the Plan, accessible here: <a href="https://www.gov.uk/government/publications/national-infrastructure-plan-2013" target="_blank">https://www.gov.uk/government/publications/national-infrastructure-plan-2013</a></strong></p><p> </p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 06/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	116 label Biography information for Lord Soames of Fletching

48754

registered interest
date	28/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make it his policy to consolidate departmental funding streams into a single national infrastructure fund; and if he will make a statement.
tabling member constituency	Mid Sussex
tabling member printed	Nicholas Soames
uin	196964
answer	answer is ministerial correction date of answer 06/05/2014 answer text <p>The Government believes that there is a powerful case for giving local business and political leaders the levers they need to create jobs and drive growth. In ‘Investing in Britain's Future', the Government accepted Lord Heseltine's recommendations to devolve economic power to Local Enterprise Partnerships (LEPs) through the creation of the Local Growth Fund (LGF) with over £2 billion of budgets from skills, housing and transport for 2015-16. An area's allocation from the LGF will be available to be spent on the priorities LEPs and their partners have determined in their strategic economic plans.</p><p> </p><p>The Government allocated capital funds between programmes at Spending Review 2010 and Spending Round 2013 on the basis of a zero-based review of the economic returns of every central government capital programme, with investment being targeted increasingly at economic infrastructure. Once allocated between programmes, funds were moved into the appropriate departmental budgets to allow departments to deliver those programmes.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 06/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	116 label Biography information for Lord Soames of Fletching

48756

registered interest
date	28/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an estimate of the value of backlog maintenance of central Government-owned assets.
tabling member constituency	Mid Sussex
tabling member printed	Nicholas Soames
uin	196969
answer	answer is ministerial correction date of answer 06/05/2014 answer text <p><strong>This data is not available as backlog maintenance is for individual departments to manage and consequently the Treasury does not ask for the information. The Whole of Government Accounts (WGA) does include current valuations for assets across government, which takes into account the condition of the assets.</strong></p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 06/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
tabling member	116 label Biography information for Lord Soames of Fletching