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833179

registered interest
date	30/01/2018
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	Energy: Prices
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to tackle rising energy prices.
tabling member constituency	Tiverton and Honiton
tabling member printed	Neil Parish
uin	903632
answer	answer is ministerial correction date of answer 30/01/2018 answer text <p>We are bringing forward the Price Cap Bill, an intelligent intervention to protect consumers.</p><p> </p><p>Ofgem is already capping tariffs for 1 million households this year, and consulting on protection for another 2 million next winter. This is in addition to the 4 million households protected under the pre-pay cap.</p><p> </p><p>That is not all, smart meter rollout, focusing of ECO money on fuel poor households and working with Citizens Advice and the Energy Saving Trust to get people switched to better deals.</p><p> </p><p>All this will help keep bills down for households.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 30/01/2018 15:11:00 answering member 3974 label Biography information for Claire Perry
tabling member	4072 label Biography information for Neil Parish

833180

registered interest
date	30/01/2018
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	GKN: Melrose
house id	1
legislature	25259 pref label House of Commons
question text	What representations he has received on the attempted takeover of GKN by Melrose.
tabling member constituency	Coatbridge, Chryston and Bellshill
tabling member printed	Hugh Gaffney
uin	903635
answer	answer is ministerial correction date of answer 30/01/2018 answer text <p>This is a commercial matter for the companies involved. I have spoken to the Chief Executives of GKN and Melrose to understand their intentions, and will continue to monitor the situation closely.</p><p> </p><p>The Government can intervene in mergers on certain public interest grounds concerning national security, financial stability or media plurality.</p> answering member constituency Tunbridge Wells answering member printed Greg Clark question first answered 30/01/2018 15:11:20 answering member 1578 label Biography information for Greg Clark
tabling member	4614 label Biography information for Hugh Gaffney

833589

registered interest
date	30/01/2018
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 why the Financial Reporting Council’s True and Fair guidance does not include guidance in respect of the net assets test under section 831 of the Companies Act 2006 and that test's relation to accounts and the payment of lawful dividends.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL5212
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>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. The statement was made specifically in relation to Section 393 of the Companies Act 2006, which prohibits directors of a company from approving annual accounts unless they are satisfied that they give a true and fair view of the assets, liabilities, financial position and profit and loss of the company.</p><p> </p><p>In addition to guidance to auditors on reports on the annual accounts, the FRC has issued separate guidance on auditors’ responsibilities in respect of other reports and statements which they might also be called upon to provide. This includes guidance on a report on a proposed distribution by a company under section 836 to 839 of the Companies Act 2006, dealing with justification of dividends by reference to relevant annual, interim and initial accounts. This includes reference to the application of the net assets test under section 831.</p> answering member printed Lord Henley question first answered 12/02/2018 13:41:46 answering member 2616 label Biography information for Lord Henley
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

833590

registered interest
date	30/01/2018
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	Carillion
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their assessment of the relevance of the net assets test under section 831 of the Companies Act 2006 and its relation to the payment of lawful dividends to the capital adequacy of Carillion plc.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL5213
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>The requirements of Section 831 of the Companies Act 2006 apply to all public companies, including each UK public company in the Carillion PLC group.</p> answering member printed Lord Henley question first answered 12/02/2018 13:34:16 answering member 2616 label Biography information for Lord Henley
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

833591

registered interest
date	30/01/2018
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 whether the Financial Reporting Council rejected two legal opinions from Mr George Bompas QC, for the Local Authorities Pension Fund Forum, on the net assets test under section 831 of the Companies Act 2006; and, if so, on what grounds.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL5214
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>The Financial Reporting Council (FRC) sought advice on a range of matters from Martin Moore QC and the Local Authorities Pension Fund Forum sought advice on a range of issues from George Bompas QC. The opinions received have been published by the respective organisations and reflect that leading counsel reached different conclusions on some of the issues. The FRC accepted the advice it received.</p> answering member printed Lord Henley question first answered 12/02/2018 13:32:19 answering member 2616 label Biography information for Lord Henley
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

833592

registered interest
date	30/01/2018
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 whether they will release the Financial Reporting Council's instructions to Counsel in relation to dealing with the opinions of Mr George Bompas QC of 2013 and 2015; and whether they will place a copy of those instructions in the Library of the House.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL5215
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>The Financial Reporting Council considers that instructions to Counsel held by it are subject to legal professional privilege. The Government did not ask the Financial Reporting Council to share copies of its instructions to Martin Moore QC.</p> answering member printed Lord Henley question first answered 12/02/2018 13:27:23 answering member 2616 label Biography information for Lord Henley
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

833593

registered interest
date	30/01/2018
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	Audit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of any risk emanating from large accountancy firms claiming global audit approaches when the requirements for UK audits are grounded in UK company law.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL5216
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>The Department for Business, Energy and Industrial Strategy is responsible for policy on statutory audit in the UK. It does not consider any claim by the global firms that their UK statutory audit work complies with the requirements of the international auditing standards to be a significant source of risk.</p><p> </p><p>Under UK law, auditors must adhere to auditing and ethical standards issued by the Financial Reporting Council (FRC) in the performance of statutory audits. In setting UK auditing standards, the FRC uses, as a basis, international auditing standards. Where necessary the FRC adds to those standards to reflect UK specific legislative and regulatory requirements, and further requirements that may be necessary to support high quality audit. The FRC also enforces those standards. By complying with UK auditing standards, an auditor will also comply with all of the requirements set out in international standards.</p><p> </p> answering member printed Lord Henley question first answered 12/02/2018 13:24:58 answering member 2616 label Biography information for Lord Henley
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

833641

registered interest
date	30/01/2018
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	Brexit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to address reports of falling confidence amongst business leaders with regard to Brexit.
tabling member printed	Lord Taylor of Warwick
uin	HL5256
answer	answer is ministerial correction date of answer 06/02/2018 answer text <p>The joint agreement reached in December, which confirmed a shared desire to make progress on an implementation period; and that sufficient progress had been made to progress to phase two of negotiations for exiting the EU, was widely welcomed by businesses and has helped business optimism.</p><p> </p><p>Business optimism is also driven by confidence in the long-term performance of the economy. The Industrial Strategy, published by my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy last year, sets out a long-term vision of an economy that boosts productivity and earning power throughout the UK.</p> answering member printed Lord Henley question first answered 06/02/2018 13:48:05 answering member 2616 label Biography information for Lord Henley
tabling member	1796 label Biography information for Lord Taylor of Warwick

833642

registered interest
date	30/01/2018
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	Energy: UK Trade with EU
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to diminish the impact of Brexit on energy trading following the report of the European Union Committee, Brexit: energy security (HL Paper 63, 10th Report, 2017–19) published on 29 January.
tabling member printed	Lord Taylor of Warwick
uin	HL5257
answer	answer is ministerial correction date of answer 05/02/2018 answer text <p>The UK Government is considering the report of the European Union Committee on Brexit and energy security published on 29 January and will respond shortly.</p><p>The Government is currently considering all aspects of its future relationship with the EU, including in energy. Our priority is to maintain affordable, clean and secure energy supplies for businesses and households.</p> answering member printed Lord Henley question first answered 05/02/2018 17:07:22 answering member 2616 label Biography information for Lord Henley
tabling member	1796 label Biography information for Lord Taylor of Warwick

833644

registered interest
date	30/01/2018
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	Global Challenges Research Fund
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what proportion of the Global Challenges Research Fund is spent on (1) family planning, (2) sexual and reproductive health and rights, and (3) population issues, in the developing world.
tabling member printed	Baroness Tonge
uin	HL5259
answer	answer is ministerial correction date of answer 05/02/2018 answer text <p>The Global Challenges Research Fund (GCRF) mainly supports projects where the benefits are to multiple countries. In 2016, the latest date for which figures are available, 92.4% of GCRF spend was reported as non-country specific ODA spend with no single benefitting country. Of the remaining 7.6%, the highest spend was assigned to regional projects in Africa and to Tanzania, Cote D’Ivoire, South Africa, Guatemala and Peru.</p><p>In 2016, 12% of GCRF spend was categorised as “Medical Research”, we do not hold data on subcategories within this area.</p> answering member printed Lord Henley grouped question UIN HL5260 HL5261 question first answered 05/02/2018 17:08:16 answering member 2616 label Biography information for Lord Henley
tabling member	200 label Biography information for Baroness Tonge