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63994

registered interest
date	25/06/2014
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
hansard heading	Transatlantic Trade and Investment Partnership
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the potential effect of the Investor-State Dispute Settlement regulations on UK public services and businesses as a result of the Transatlantic Trade and Investment Partnership; and what UK Government policy is towards such regulations in international investment agreements.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	202532
answer	answer is ministerial correction date of answer 01/07/2014 answer text <p> </p><p>The Department for Business, Innovation and Skills has commissioned research into Investor State Dispute Clauses (ISDS), reviewed academic research, consulted external experts and carried out its own internal analysis on investment provisions. The UK currently has over 90 investment protection agreements with other countries. There has been no successful action against the UK in respect of any of these agreements. ISDS provisions in investment and trade treaties can help to create a positive investment climate. The ISDS provisions in the Transatlantic Trade and Investment Partnership are still under negotiation. We believe these provisions must strike the right balance between protecting investors and the host nation's right to regulate and determine policy and also provide transparency of process. A balanced ISDS clause in TTIP could act as a model for future trade and investment agreements.</p><p> </p><p> </p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 01/07/2014 14:24:27 answering member 88 label Biography information for Sir Michael Fallon previous answer version 7116 answering member constituency Sevenoaks answering member printed Michael Fallon answering member 88 label Biography information for Sir Michael Fallon
tabling member	3966 label Biography information for Ian Murray

62543

registered interest
date	18/06/2014
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
hansard heading	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, with reference to the Answer of 1 May 2014, Official Report, column 782W, on Royal Mail, what link was established in the engagement letter between the payment of the discretionary fee and the ending of the stabilisation period; and what targets or deadlines were set in the letter.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	201166
answer	answer is ministerial correction date of answer 24/06/2014 answer text <p> </p><p>The engagement letter between the Department for Business, Innovation and Skills and the syndicate of banks involved in the initial public offering indicated that the payment of the discretionary fee would be determined 10 days after the end of the stabilisation period and paid 5 days after that.</p><p> </p><p> </p><p> </p><p>As I said in my previous answer (1 May 2014, Official Report, column 782W), we informed the banks that a decision would not be taken in the timeframe set out in the engagement letter given the volatility of the Royal Mail share price after the IPO. The share price remains volatile.</p><p> </p><p> </p><p> </p><p>We have not set any timetable for the decision.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 24/06/2014 14:00:07 answering member 88 label Biography information for Sir Michael Fallon previous answer version 4736 answering member constituency Sevenoaks answering member printed Michael Fallon answering member 88 label Biography information for Sir Michael Fallon
tabling member	3966 label Biography information for Ian Murray