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1129498
star this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Energy more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what percentage of GDP is represented by energy use; and what proportion of GDP is estimated to be represented by energy use by (1) 2030, (2) 2040, and (3) 2050, if their current climate change policies are enacted. more like this
star this property tabling member printed
Lord Birt more like this
star this property uin HL15983 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>UK expenditure on energy including imports was approximately £150bn (including taxes) or £113bn (excluding taxes, duties and levies) in 2017[1]. As a direct share, this is 5-7% of GDP depending on the inclusion of taxes, duties and levies. The Government is working to continue to improve energy efficiency across the economy in order to deliver affordable, clean and secure energy – the amount of energy used per unit of GDP has already fallen by 49% since 1990, and we are independently assessed as leading the G20 in cutting emissions while growing the economy since 2000. Our ambitious plans and policies to mitigate against the threat of climate change are set out in the Clean Growth Strategy.</p><p> </p><p>The Government publishes projections of the future volume of energy use based on current and planned policies under a range of sensitivities from now to 2035. The most recent projections can be found on Gov.uk.</p><p>[1] Table 1.4 Digest of UK Energy Statistics (copy attached)</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-18T14:32:50.037Zmore like thismore than 2019-06-18T14:32:50.037Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property attachment
1
star this property file name Table 1.4 Digest of UK Energy Statistics.xls more like this
star this property title able 1.4 Digest of UK Energy Statistics more like this
star this property tabling member
2533
unstar this property label Biography information for Lord Birt more like this
1129546
star this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading British Steel: Loans more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether the recent loan of £120 million to enable British Steel to meet its emissions trading compliance costs required a Ministerial direction. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16031 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>The Secretary of State for Business, Energy and Industrial Strategy has not issued any Ministerial Directions in respect of British Steel.</p><p>This loan agreement was fully commercial and state aid compliant, valued at around £120m, under Section 7 of the Industrial Development Act 1982. Under the agreement the Government purchased emissions allowances on behalf of British Steel ensuring it met its 2018 ETS obligations. Failure to comply with its ETS obligations would have led to a fine of around £500m, on top of the costs of ETS compliance of around £120m.</p><p>In return, under a deed of forfeiture, the company’s 2019 allowances will be assigned to the Government once issued, and the proceeds from selling these is expected to cover the costs of purchasing allowances for British Steel. The Government’s view is that the 2019 allowances will still be issued to British Steel in insolvency.</p><p>The Government’s assessment is that the Deed of Forfeiture offered value for money to the taxpayer, with benefits exceeding the costs, predicated on the level of confidence around security, even in the event of insolvency.</p><p>This position was supported by the independent Industrial Development Advisory Board which assessed the proposal in their statutory role and agreed with the Government’s value for money assessment.</p><p> </p><p> </p><p> </p>
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-18T16:50:34.45Zmore like thismore than 2019-06-18T16:50:34.45Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130249
star this property registered interest false more like this
star this property date less than 2019-06-05more like thismore than 2019-06-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading British Steel: Insolvency more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government when they estimate they will cease to provide financial support to British Steel; whether a specific event will trigger the end of that support; and whether that support will terminate when the Official Receiver has completed their work. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16110 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property answer text <p>The immediate priority following the Official Receiver’s appointment as liquidator of British Steel Limited was to continue the safe operation of the sites while options are considered. To enable this, the Government has provided an indemnity to the Official Receiver, who is now responsible for the operations.</p><p> </p><p>The Official Receiver is currently overseeing a sales process as they seek to sell the business. Trading will continue whilst a buyer is sought.</p><p> </p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-19T11:33:12.963Zmore like thismore than 2019-06-19T11:33:12.963Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130251
star this property registered interest false more like this
star this property date less than 2019-06-05more like thismore than 2019-06-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading British Steel: Insolvency more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they plan to take any action to persuade Greybull Capital and its associates to contribute any gains made from its (1) investment in, and (2) loans to, British Steel towards reducing (a) the deficit of the British Steel Pension Scheme, and (b) the impact of British Steel's collapse on past and present employees. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16112 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property answer text <p>The Official Receiver was appointed liquidator of British Steel Limited. In his role as liquidator, the Official Receiver is under a statutory duty to investigate the cause of failure of the company and generally its business, dealings and affairs and has wide-ranging powers to obtain information, material, and explanations.</p><p> </p><p>My rt. hon. Friend the Secretary of State wrote to the Insolvency Service on 22 May requesting that the Official Receiver’s investigation not only looks at the conduct of the directors immediately prior to and at insolvency, but also at the investments made in the company, value transferred out of the company and whether any action by directors has caused detriment to creditors or to the pension schemes.</p><p> </p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-19T11:33:53.217Zmore like thismore than 2019-06-19T11:33:53.217Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130257
star this property registered interest false more like this
star this property date less than 2019-06-05more like thismore than 2019-06-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Bombardier: Belfast more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what discussions they have had with Bombadier about that firm's decision to sell its Belfast operations. more like this
star this property tabling member printed
Lord Rogan more like this
star this property uin HL16118 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-17more like thismore than 2019-06-17
star this property answer text <p>My rt. hon. Friend the Secretary of State, my hon. Friend the Minister for Business and Industry, and government officials have had discussions with Bombardier, and will continue to do so, about their decision to sell the Northern Ireland Aerostructures and Engineering Services operation to focus its aerospace division on business jets.</p><p>The Belfast plant, its expertise and its highly skilled and dedicated staff will be highly sought after. The Government will work with potential buyers to ensure this successful and ambitious business is positioned for future growth.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-17T12:34:46.003Zmore like thismore than 2019-06-17T12:34:46.003Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
2478
unstar this property label Biography information for Lord Rogan more like this
1130599
star this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Greenhouse Gas Emissions more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have to lay a fully-costed impact assessment before both Houses of Parliament before making any adjustment to the UK’s greenhouse gas emissions reduction target. more like this
star this property tabling member printed
Lord Donoughue more like this
star this property uin HL16143 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-17more like thismore than 2019-06-17
star this property answer text <p>The Committee on Climate Change’s (CCC) detailed and analytically rigorous report has shown that this goal is now feasible, deliverable, and can be met within the same cost envelope (an annual resource cost equivalent to 1-2% of GDP in 2050) as was estimated for the 80% target when it was set in 2008. As the CCC identify, there are a wide range of benefits which could partly or fully offset these costs.</p><p>While the transition to a net zero economy undoubtedly requires new investment, it also opens up opportunities for the UK to build on its areas of strength, including in offshore wind manufacture, provision of green finance, and development of electric vehicles.</p><p>Policies to support delivery of a net zero target will be subject to impact assessments in the usual way.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-17T12:32:47.61Zmore like thismore than 2019-06-17T12:32:47.61Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
2709
unstar this property label Biography information for Lord Donoughue more like this
1130633
star this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Carbon Emissions more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to ensure that their plans to reduce carbon emissions to net zero by 2050 do not affect the economic competitiveness of UK industries. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL16177 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-17more like thismore than 2019-06-17
star this property answer text <p>Meeting the costs of the transition to net zero emissions in a fair and balanced way – including the need to maintain the competitiveness of British businesses, particularly the most energy intensive – is a crucial issue.</p><p>The Government has taken a wide range of steps to support UK industries in reducing emissions in a cost-effective way and placed clean growth at the heart of our Industrial Strategy to ensure UK industries can seize the opportunities of a net zero economy.</p><p>We have also committed to carrying out a review of how the transition will be funded, and how the costs will fall, to ensure the UK can maintain and strengthen its economic competitiveness.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-17T12:34:09.32Zmore like thismore than 2019-06-17T12:34:09.32Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1130841
star this property registered interest false more like this
star this property date less than 2019-06-10more like thismore than 2019-06-10
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Insolvency more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property 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
star this property tabling member printed
Lord Myners more like this
star this property uin HL16208 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-17more like thismore than 2019-06-17
star this property 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
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-17T12:31:37.757Zmore like thismore than 2019-06-17T12:31:37.757Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130842
star this property registered interest false more like this
star this property date less than 2019-06-10more like thismore than 2019-06-10
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Takeovers: Conflict of Interests more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property 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
star this property tabling member printed
Lord Myners more like this
star this property uin HL16209 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property 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>
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-19T16:42:37.67Zmore like thismore than 2019-06-19T16:42:37.67Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1130858
star this property registered interest false more like this
star this property date less than 2019-06-10more like thismore than 2019-06-10
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Motor Vehicles: Manufacturing Industries more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to increase productivity in the UK automotive sector. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL16225 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-24more like thismore than 2019-06-24
star this property answer text <p>The UK already has one of the most productive automotive sectors in the world. In 2018 productivity levels in the sector were at £100,600/employee, a real term increase of 4.6% over 2017, and 42% higher than overall UK manufacturing productivity. The Government has a long-standing programme of support to maintain the productivity and competitiveness of the UK automotive sector. Through our Industrial Strategy and landmark Automotive Sector Deal, we are placing the UK at the forefront of new automotive technology development.</p><p> </p><p>The Sector Deal includes £32 million of joint funding for an industry-led supply chain competitiveness programme to help improve productivity in the UK supply chain and assure international competitiveness.</p><p> </p><p>We are determined to ensure that the UK continues to be one of the most competitive locations in the world for the automotive sector. BEIS Ministers and officials regularly engage with the automotive industry, including bilaterals with manufacturers, interactions via trade associations, and through the Department’s participation in the Automotive Council.</p>
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-06-24T11:35:25.443Zmore like thismore than 2019-06-24T11:35:25.443Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this