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48116

registered interest
date	10/04/2014
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, who made the decisions and on what basis were the decisions made on how many shares would go to each priority investor, each institutional investor and each retail investor in respect of the privatisation of Royal Mail.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	196282
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The Government set the overall allocation policy with the aim of getting the right balance between longer-term, stable investors, retail investors and shorter-term investors who provide liquidity in the market.</p><p> </p><p>Allocations were made to a number of institutions who in the early stages of engagement were willing to place non-binding orders despite the risks attached to the IPO such as the industrial relations situation. These investors gave us confidence that there was sufficient demand to proceed with the IPO.</p><p> </p><p>We had nearly three-quarters of a million retail applications so their allocations were scaled back as they were for institutional investors. Given this high demand, Ministers decided to prioritise smaller investors and put in place a cut-off above £10,000 and give everyone below that the same number of shares. Around 95% of retail investors were allocated shares.</p><p><strong> </strong></p><p><strong> </strong></p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 28/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	3966 label Biography information for Ian Murray

48104

registered interest
date	09/04/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, when his Department plans to carry out a review on its policy on fees in the employment tribunal system.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	196187
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p> </p><p>The Lord Chancellor is committed to reviewing the impact of the introduction of fees in the employment tribunals system. The Ministry of Justice is currently finalising arrangements for the timing and scope of this review, to enable the impacts to be properly assessed, and we will be making an announcement in due course.</p> answering member constituency North West Cambridgeshire answering member printed Mr Shailesh Vara grouped question UIN 195746 question first answered 28/04/2014 12:00:00 answering member 1496 label Biography information for Shailesh Vara
tabling member	3966 label Biography information for Ian Murray

47657

registered interest
date	08/04/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, what plans his Department has to increase or lower the level of fees in the employment tribunal system.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	195746
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p> </p><p>The Lord Chancellor is committed to reviewing the impact of the introduction of fees in the employment tribunals system. The Ministry of Justice is currently finalising arrangements for the timing and scope of this review, to enable the impacts to be properly assessed, and we will be making an announcement in due course.</p> answering member constituency North West Cambridgeshire answering member printed Mr Shailesh Vara grouped question UIN 196187 question first answered 28/04/2014 12:00:00 answering member 1496 label Biography information for Shailesh Vara
tabling member	3966 label Biography information for Ian Murray