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389455

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will postpone any sales of shares in RBS by UK Financial Investments until all interest rate cases with sophisticated customers have been resolved or subject to an independent inquiry.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6697
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>As the Chancellor and the Governor of the Bank of England have said, it is in taxpayers’ interests for the government to begin now to return RBS to private ownership. The Governor has also said, there could be considerable net costs to taxpayers of further delaying the start of a sale. The government is clear that the mis-selling of financial products is wrong and those businesses affected should be appropriately compensated through the Financial Conduct Authority’s redress scheme.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 15/07/2015 15:37:58 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389456

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is towards any director of UK Financial Investments who had not disclosed a conflict of interest in relation to RBS customers.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6698
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>UK Financial Investment (UKFI) adheres to the Code of Practice as set out by the Office of the Commissioner for Public Appointments, which specifically addresses the issue of actual, potential or perceived conflicts of interest.</p><p> </p><p> </p><p> </p><p>In addition, UKFI is subject to the Companies Act 2006, which sets out in detail the legal obligations whereby companies have a legal duty to avoid conflicts of interest</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 15/07/2015 15:36:29 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389461

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he takes to ensure that no conflicts of interest arise between directors of UK Financial Investments and customers of RBS.
tabling member constituency	South West Devon
tabling member printed	Mr Gary Streeter
uin	6701
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>UK Financial Investment (UKFI) adheres to the Code of Practice as set out by the Office of the Commissioner for Public Appointments, which specifically addresses the issue of actual, potential or perceived conflicts of interest.</p><p> </p><p> </p><p> </p><p>In addition, UKFI is subject to the Companies Act 2006, which sets out in detail the legal obligations whereby companies have a legal duty to avoid conflicts of interest</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 15/07/2015 15:37:12 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	234 label Biography information for Sir Gary Streeter

389522

registered interest
date	13/07/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Energy: Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, if she will take steps to merge the 14 regional markets for energy distribution to create a national energy market for electricity distribution and reduce the price paid by consumers and businesses in the Highlands and Islands.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6779
answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>Electricity distribution network charges vary by region and reflect the costs of running the network in that area and the number of consumers that those costs are spread over. Moving away from this ‘cost-reflective’ approach would weaken the local accountability of the network operator in ensuring expenditure is fully justified, in turn weakening downward pressures on network costs overall. In addition, a national price for electricity distribution would mean lower network charges in some areas, but increases in others. There are fuel poor consumers throughout GB, including in the areas that could be expected to see higher bills as a result of such a change.</p><p>Any decision on whether to pursue this further could therefore only sensibly be considered on the basis of robust and evidence-based analysis<em>. </em>Ofgem is currently working to inform the issue, and the Government will consider its analysis carefully. It will also be important to take full account of the final conclusions of the energy market investigation which is currently being undertaken by the Competition and Markets Authority. Its provisional findings favour more locational transmission pricing.</p><p>To help protect domestic and business consumers in the North of Scotland specifically, Government has already introduced the Hydro Benefit Replacement Scheme. It provides an annual assistance amount of over £50m to consumers in the North of Scotland. The cost of providing this discount is recovered from consumers across the whole of Great Britain.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 15/07/2015 14:34:14 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4390 label Biography information for Ian Blackford