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1130841
registered interest false more like this
date remove maximum value filtermore like thismore than 2019-06-10
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 9 May (HL15286), whether they intend to prioritise strengthening the powers available to insolvency practitioners to take recovery action where value has been extracted from a company prior to insolvency and to require any such related funds to be returned. more like this
tabling member printed
Lord Myners more like this
uin HL16208 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-17more like thismore than 2019-06-17
answer text <p>In 2018, the Government published detailed proposals to reform corporate insolvency laws including strengthening the powers available to insolvency office-holders to challenge transactions and take recovery action where value has been extracted from a company as it approaches insolvency. The Government remains committed to introduce these changes as soon as Parliamentary time allows.</p> more like this
answering member printed Lord Henley more like this
question first answered
less than 2019-06-17T12:31:37.757Zmore like thismore than 2019-06-17T12:31:37.757Z
answering member
2616
label Biography information for Lord Henley more like this
tabling member
3869
label Biography information for Lord Myners more like this
1130842
registered interest false more like this
date remove maximum value filtermore like thismore than 2019-06-10
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Takeovers: Conflict of Interests more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 20 May (HL15640), whether they have reviewed the decision-making processes in investment institutions which hold equity investments in both the offeror and the offeree in a takeover situation but on behalf of different clients and where a particular outcome might favour one group of clients over another . more like this
tabling member printed
Lord Myners more like this
uin HL16209 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Asset managers act as agents of investors in their funds. They are required to manage their funds in the best interests of all of their fund investors and to appropriately avoid, manage and disclose conflicts of interests that could, and do arise between different investor groups. This is a requirement of Markets in Financial Instruments Directive II (MiFID II).</p><p> </p><p>Asset managers should have policies, procedures and governance in place to effectively manage any conflicts arising from their stewardship obligations.</p><p> </p><p>The FCA has recently published a Policy Statement (PS 19/13) ‘Proposals to promote shareholder engagement: Feedback to CP 19/7 and final rules.’ This sets out final rules to implement requirements of the Revised Shareholder Rights Directive (SRD II). SRD II introduced new requirements to improve shareholder engagement and increase transparency around stewardship. The rules came into effect on 10 June 2019 requiring asset managers to disclose and make publicly available their policies on how they engage with the companies they invest in. They also require asset managers to provide certain information to institutional investors, including occupational pension schemes. The new rules are designed to foster stewardship, and better stewardship should lead to better decision making in relation to mergers and acquisitions.</p>
answering member printed Lord Henley more like this
question first answered
less than 2019-06-19T16:42:37.67Zmore like thismore than 2019-06-19T16:42:37.67Z
answering member
2616
label Biography information for Lord Henley more like this
tabling member
3869
label Biography information for Lord Myners more like this
1130691
registered interest false more like this
date less than 2019-06-07more like thismore than 2019-06-07
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Renewable Heat Incentive Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans does the Government have for the (a) future and (b) funding of the renewable heat initiative. more like this
tabling member constituency Stroud more like this
tabling member printed
Dr David Drew more like this
uin 261466 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-13more like thismore than 2019-06-13
answer text <p>The budget for the Renewable Heat Incentive (RHI) has been set out to the end of March 2021. Decisions on the future funding for the RHI will be set out in the Spending Review.</p><p> </p><p>As announced by the Chancellor in the Spring Statement, Government also intends to introduce a Future Homes Standard by 2025, for new build homes to be future-proofed with low carbon heating and world-leading levels of energy efficiency. We also intend to increase the proportion of green gas in the grid. Government will consult on the details and appropriate mechanisms to deliver these commitments later this year.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
question first answered
less than 2019-06-13T16:25:32.273Zmore like thismore than 2019-06-13T16:25:32.273Z
answering member
4021
label Biography information for Chris Skidmore more like this
previous answer version
122365
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
252
label Biography information for Dr David Drew more like this
1130745
registered interest false more like this
date less than 2019-06-07more like thismore than 2019-06-07
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Pay more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, pusuant to the Answers of 5 June 2019 to Questions 257798 and 257799, and in the format of the Answer of 11 April 2019 to Question 241458, what proportion of jobs in (a) the UK, (b) Yorkshire, (c) South Yorkshire and (c) Barnsley are paid the (i) National Living Wage and (ii) National Minimum Wage. more like this
tabling member constituency Barnsley East more like this
tabling member printed
Stephanie Peacock more like this
uin 261537 more like this
answer
answer
is ministerial correction true more like this
date of answer less than 2019-06-13more like thismore than 2019-06-13
answer text <p>Through the National Living Wage (NLW) and National Minimum Wage (NMW), the Government ensures that the lowest paid in our society are fairly rewarded for their work. April 2019’s increase to the NLW will see nearly 1.8 million workers in the UK receive a 4.9% pay rise. A full-time worker on the NLW will now be more than £2,750 better off over the year compared to when it was first announced in 2015.</p><p> </p><p>The table below provides estimates for the number and proportion of jobs in the UK and Yorkshire and the Humber on the NLW and NMW in 2019. The most recent available data for Barnsley, and South Yorkshire, shows that there were an estimated 5,500 workers and 47,200 workers respectively who were on the NLW or NMW.</p><table><tbody><tr><td colspan="2"><p><ins class="ministerial"><strong>National Living Wage</strong></ins></p></td><td colspan="2"><p><ins class="ministerial"><strong>National Minimum Wage</strong></ins></p></td></tr><tr><td><p><ins class="ministerial"><em>Number of jobs</em></ins></p></td><td><p><ins class="ministerial"><em>% of jobs</em></ins></p></td><td><p><ins class="ministerial"><em>Number of jobs</em></ins></p></td><td><p><ins class="ministerial"><em>% of jobs</em></ins></p></td></tr><tr><td><p><ins class="ministerial">UK</ins></p></td><td><p><ins class="ministerial">1,762,000</ins></p></td><td><p><ins class="ministerial">7.2%</ins></p></td><td><p><ins class="ministerial">341,000</ins></p></td><td><p><ins class="ministerial">9.8%</ins></p></td></tr><tr><td><p><ins class="ministerial">Yorkshire and the Humber</ins></p></td><td><p><ins class="ministerial">172,000</ins></p></td><td><p><ins class="ministerial">8.8%</ins></p></td><td><p><ins class="ministerial">36,000</ins></p></td><td><p><ins class="ministerial">12.0%</ins></p></td></tr></tbody></table><p> </p>
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst more like this
question first answered
less than 2019-06-13T16:04:20.523Zmore like thismore than 2019-06-13T16:04:20.523Z
question first ministerially corrected
less than 2019-06-20T15:16:09.433Zmore like thismore than 2019-06-20T15:16:09.433Z
answering member
4487
label Biography information for Kelly Tolhurst more like this
previous answer version
122690
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst more like this
answering member
4487
label Biography information for Kelly Tolhurst more like this
tabling member
4607
label Biography information for Stephanie Peacock more like this
1130344
registered interest true more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Minimum Wage: Enforcement more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what information his Department holds on the (a) underpayment of the national minimum wage by employers, (b) amount of arrears and fines paid by employers for underpayment of the national minimum wage and (c) number of successful prosecutions of employers for underpayment of the national minimum wage for the 2018-19 financial year. more like this
tabling member constituency Barnsley East more like this
tabling member printed
Stephanie Peacock more like this
uin 261273 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-11more like thismore than 2019-06-11
answer text <p>The Government is clear that all employers are responsible for paying their staff correctly. Anyone entitled to the Minimum Wage should receive it. We have more than doubled the budget for minimum wage compliance and enforcement since 2015; it is now at a record high of £27.4 million.</p><p> </p><p>Last year was a record year for NMW enforcement. Across the 2018/19 financial year HMRC identified a record £24.4 million in minimum wage arrears, for over 220,000 workers. HMRC completed almost 3,000 investigations; issuing £17 million in financial penalties to over 1,000 non-compliant employers.</p><p> </p><p>Since 2007, 14 employers have been successfully prosecuted for underpaying the Minimum Wage. HMRC issued 7 Labour Market Enforcement Undertakings in the 2018/19 financial year.</p><p> </p><p>This information will be covered in more detail in BEIS’ Minimum Wage Enforcement and Compliance report, which we will publish in due course.</p> more like this
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst more like this
question first answered
less than 2019-06-11T15:49:03.763Zmore like thismore than 2019-06-11T15:49:03.763Z
answering member
4487
label Biography information for Kelly Tolhurst more like this
tabling member
4607
label Biography information for Stephanie Peacock more like this
1130353
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Iron and Steel: Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has made an estimate of the cost of electricity in the steel sectors in (a) the UK, (b) Germany and (c) France. more like this
tabling member constituency Scunthorpe more like this
tabling member printed
Nic Dakin more like this
uin 261196 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
grouped question UIN
261197 more like this
261198 more like this
261199 more like this
261200 more like this
261201 more like this
261202 more like this
question first answered
less than 2019-06-19T09:25:57.893Zmore like thismore than 2019-06-19T09:25:57.893Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
4056
label Biography information for Nic Dakin more like this
1130355
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Iron and Steel: Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of uncompetitive electricity prices in the UK steel sector on that sector’s ability to compete internationally. more like this
tabling member constituency Scunthorpe more like this
tabling member printed
Nic Dakin more like this
uin 261197 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
grouped question UIN
261196 more like this
261198 more like this
261199 more like this
261200 more like this
261201 more like this
261202 more like this
question first answered
less than 2019-06-19T09:25:57.953Zmore like thismore than 2019-06-19T09:25:57.953Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
4056
label Biography information for Nic Dakin more like this
1130356
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Iron and Steel: Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of high electricity prices on the resilience of the UK steel industry. more like this
tabling member constituency Scunthorpe more like this
tabling member printed
Nic Dakin more like this
uin 261198 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
grouped question UIN
261196 more like this
261197 more like this
261199 more like this
261200 more like this
261201 more like this
261202 more like this
question first answered
less than 2019-06-19T09:25:57.987Zmore like thismore than 2019-06-19T09:25:57.987Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
4056
label Biography information for Nic Dakin more like this
1130358
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Iron and Steel: Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to UK Steel's report entitled The Energy Price Scandal, published in December 2018, whether his Department has made an assessment of the potential merits of implementing the recommendations made in that report to reduce the disparity between industrial electricity prices in the UK and those in Germany and France. more like this
tabling member constituency Scunthorpe more like this
tabling member printed
Nic Dakin more like this
uin 261199 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
grouped question UIN
261196 more like this
261197 more like this
261198 more like this
261200 more like this
261201 more like this
261202 more like this
question first answered
less than 2019-06-19T09:25:58.033Zmore like thismore than 2019-06-19T09:25:58.033Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
4056
label Biography information for Nic Dakin more like this
1130359
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Iron and Steel: Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if the Government will commit to providing competitive power prices for the steel sector. more like this
tabling member constituency Scunthorpe more like this
tabling member printed
Nic Dakin more like this
uin 261200 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-06-19
answer text <p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.</p> more like this
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
grouped question UIN
261196 more like this
261197 more like this
261198 more like this
261199 more like this
261201 more like this
261202 more like this
question first answered
less than 2019-06-19T09:25:58.08Zmore like thismore than 2019-06-19T09:25:58.08Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
4056
label Biography information for Nic Dakin more like this