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850746

	registered interest
	date	27/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	3D Printing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will he make an assessment of the potential contribution of 3D printing to UK GDP by 2020.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	129983
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The industry backed Additive Manufacturing strategy identifies that the UK’s High Value Manufacturing Sector can capture over £3.5bn per year (Gross Value Added) for the UK of the rapidly growing global market for additive manufacturing products (3D printing) and services by 2025, supporting 60,000 jobs in the knowledge economy and generating new, highly skilled employment opportunities. The industry led Made Smarter Review also identifies the contribution of digitally enabled technologies to manufacturing-including additive manufacturing- to the UK economy to be as much as £455 billion over the next decade.</p><p> </p><p>As part of the Industrial Strategy, we are working closely with UK industry to create the right conditions for competitive, world leading manufacturing businesses to flourish and grow across the UK. Government recognises the importance of 3D printing and additive manufacturing and since 2012 The UK’s EPSRC and Innovate UK’s combined investment in additive manufacturing R&amp;D, including capital grants, has been well over £200 million, helping to develop and maintain UK capability in additive in the UK. In addition we have invested over £300m in the High Value Manufacturing Catapult, including establishing the National Centre for Net Shape and Addictive Manufacturing housed in the Manufacture Technology Centre in Coventry. Its aim is to develop production-ready additive manufacturing processes, to overcome barriers to wide-scale adoption, and to work on legislative and standardisation issues to support the commercialisation of the innovation and new technologies such as 3D printing.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 05/03/2018 14:28:02 answering member 4068 label Biography information for Lord Harrington of Watford
	tabling member	1586 label Biography information for Adam Afriyie

850703

	registered interest
	date	27/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Electric Vehicles: Charging Points
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to make it easier for private companies to install charging infrastructure for Electric Vehicles on 3rd-party land.
	tabling member constituency	Elmet and Rothwell
	tabling member printed	Alec Shelbrooke
	uin	129947
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>Negotiations to facilitate charging infrastructure for electric vehicle installation across third party land rights is a private negotiation between the company and the relevant landowner. As a last resort if agreement cannot be reached, electricity licence holders (as statutory undertakers and installers of such connections on behalf of the private company) have powers under the Electricity Act 1989 that permits them to apply to the Secretary of State for a Compulsory Purchase Order or a necessary (compulsory) wayleave relating to the third party land.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 05/03/2018 14:29:06 answering member 4068 label Biography information for Lord Harrington of Watford
	tabling member	3997 label Biography information for Sir Alec Shelbrooke

845387

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answers by Lord Henley on 12 February (HL5215 and HL5281), what role they played in commissioning and approving the legal opinion provided by Martin Moore QC, in the light of a Freedom of Information request (BEIS/FOI2016/15803) recording a Department for Business and Industrial Strategy (BIS) official stating that: “I agree; we will need to jointly commission with the FRC an opinion from an eminent QC which could be published" and the Financial Reporting Council later stating to an official that: “We have now developed the Martin Moore opinion to an advanced stage and I thought it would be useful to share it with you to see whether you would like to discuss any points or seek the inclusions of any points”; and whether they will publish any instructions provided to Mr Moore and any insertions added to the legal opinion that he produced.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5587
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>Although initial consideration was given to the Department for Business, Innovation and Skills and the Financial Reporting Council (FRC) commissioning an opinion jointly from counsel, it was later agreed that the FRC would commission the opinion from Martin Moore QC independently.</p><p> </p> answering member printed Lord Henley question first answered 05/03/2018 15:39:34 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

845388

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5281) which stated that “the FRC has to form its own view, for the fulfilment of its regulatory functions, of what it considers the law to be. The statement above is an example of the Government and the FRC working together to confirm such an interpretation”, whether the legal opinion by Michael Moore QC, published on 8 October 2013, was dependent upon the Ministerial Statement published by BIS on 3 October 2013, or whether the Ministerial Statement was dependent upon the Moore opinion.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5588
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Department for Business, Innovation and Skills (BIS) received a draft copy of the legal opinion by Martin Moore QC on 19 September 2013. The statement from Jo Swinson MP about accounting standards, published on 3 October 2013, was based on discussions held with the Financial Reporting Council and consideration by BIS’s own legal advisers.</p> answering member printed Lord Henley question first answered 05/03/2018 15:39:01 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

845389

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5212) which stated that “The Financial Reporting Council published a statement in June 2014 confirming that the true and fair requirement remains of fundamental importance in the preparation of accounts”, whether they have identified any mistakes in the description of requirements deriving from section 393 of the Companies Act 2006 within the June 2014 FRC statement; and when any such mistakes will be corrected.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5589
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Department for Business, Energy and Industrial Strategy has not identified mistakes in the description of requirements deriving from section 393 of the Companies Act 2006 in the June 2014 Financial Reporting Council (FRC) statement. The FRC is an independent regulator.</p><p> </p><p> </p> answering member printed Lord Henley question first answered 05/03/2018 15:36:49 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

845390

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5280) which stated that “the Government has stated previously that it does not consider that the Companies Act requires the accounts of the company to state the company’s distributable profits”, what assessment they have made of the Financial Reporting Council guidance on section 837 of the Companies Act 2006 which states that “A disclaimer of opinion on the financial statements as a whole would be material as the auditor would be unable to form an opinion on the amount at which the company’s distributable profits are stated”.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5590
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>That assessment was set out in the reply given to the noble Baroness on 12<sup>th</sup> February 2018 to Question HL5280: The determination of the distributable profits and of a distribution by a public company must be based on the profits of the company as set out in the company’s accounts. These must be prepared in accordance with the accounting standards, with the overriding requirement that they must give a true and fair view of the company’s finances. However, the Government has stated previously that it does not consider that the Companies Act requires the accounts of the company to state the company’s distributable profits.</p><p> </p> answering member printed Lord Henley question first answered 05/03/2018 15:36:22 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

845391

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5215), whether any member of the Financial Reporting Council board acted as an instructing solicitor when Michael Moore QC was asked to provide a legal opinion; and if so, which board member acted in this capacity; what remuneration they received; and on how many other occasions they had also instructed Mr Moore on behalf of the FRC.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5591
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>As stated in the reply given to the noble Baroness on 12<sup>th</sup> February 2018 to Question HL5215, the Financial Reporting Council (FRC) considers that instructions to Counsel held by it are subject to legal professional privilege. The Government did not ask the FRC to share copies of its instructions to Martin Moore QC.</p> answering member printed Lord Henley question first answered 05/03/2018 15:33:20 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

845392

	registered interest
	date	20/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Financial Reporting Review Panel
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answers by Lord Henley on 1 February (HL4991 and HL4993), on what basis were members of the Financial Reporting Review Panel omitted from the Financial Reporting Council Register of Interests; which members of the Panel have previously served as Financial Reporting Council employees; which members of the Panel are serving or previous members of accounting firms and, for each such member, which firms they have worked for; which remaining Panel members have had any professional relationships with accounting firms; and, for each such member, (1) what the nature of the relationship was, (2) which accounting firm the relationship was with, and (3) when the relationship occurred.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5592
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The details of the members of the Financial Reporting Review Panel (FRRP), including biographies, can be found on the Financial Reporting Council’s (FRC) website and are attached.</p><p> </p><p>The FRRP is not part of the FRC’s governance structure but rather a panel from which members are drawn to form Review Groups under the Conduct Committee’s Corporate Reporting Review Operating Procedures. Interests in relation to the specific entity whose accounts are being reviewed are checked before appointment to any Review Group.</p> answering member printed Lord Henley question first answered 05/03/2018 15:40:19 answering member 2616 label Biography information for Lord Henley attachment 1 file name Attachment to HL5592.pdf title Financial Reporting Review Council
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

847842

	registered interest
	date	23/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government for what reason, and by whose advice, the overriding true and fair view requirement of sections 226(2) and 227(3) was taken out of the Companies Act 1985 on the implementation of International Accounting Standards; why this was then reinstated as section 393 of the Companies Act 2006, and by whose advice; when section 393 of the Companies Act 2006 come into effect; and for what years that requirement was absent.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5819
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 introduced the amendments to the Companies Act 1985 needed to provide for the application of the International Accounting Standards Regulation. The regulations commenced on 1 January 2005. The Companies Act 2006 introduced section 393, which commenced on 6 April 2008.</p><p> </p><p>The 2004 regulations gave effect to the EU’s International Accounting Standards Regulation, which introduced the requirement to prepare accounts using EU adopted International Accounting Standards (IAS). The EU Regulation did not include the requirement that IAS accounts should give a “true and fair” view. The Regulation instead relies upon the fact that the framework supporting the standards requires a “fair presentation” of the company’s finances; that it does not require strict conformity with every technical accounting requirement in the accounting Directives; and that the auditor’s report should state whether the accounts give a true and fair view.</p><p> </p><p>The Companies Act 2006 consolidated the requirements of the Companies Act 1985 and the amendments to it and restated and reformed the requirements on the preparation of accounts. In line with the recommendations of the company law review following public consultation, the Companies Act 2006 introduced the “true and fair” requirement for all accounts in section 393.</p><p> </p><p>I am unable to provide further explanation of the Government’s justification in 2004 for not having also included an overarching requirement that IAS accounts must give a true and fair view. It is an established convention that Minsters of one administration cannot see the documents of a previous administration. I am therefore unable to provide the information requested by the noble Baroness.</p> answering member printed Lord Henley question first answered 05/03/2018 15:26:39 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

847843

	registered interest
	date	23/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Financial Reporting Council
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 21 February (HL5518), when each director of the Financial Reporting Council (FRC) was informed that the FRC was a public body; how they were informed, and how this was documented; whether they will place in the Library of the House letters of appointment for each director at the date of each appointment, rather than the recent general letter of appointment dated 30 January; and whether they will set out how a public body can operate as a public body if the public has not been informed that it is a public body.
	tabling member printed	Baroness Bowles of Berkhamsted
	uin	HL5820
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The terms of appointment for each director of the Financial Reporting Council (FRC) mirror the terms of appointment placed into the Library of the House for my answer HL5518. I will ask the FRC to provide the letters of appointment for each director and will place these in the Libraries of the House in due course with appropriate redactions.</p><p> </p><p>The classification of the FRC in 2004 and the further considerations by the Office for National Statistics up to 2014 were published. The FRC is included in the whole of Government accounts pursuant to legislation.</p> answering member printed Lord Henley question first answered 05/03/2018 15:27:17 answering member 2616 label Biography information for Lord Henley
	tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted