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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

845393

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	Tidal Power: Swansea Bay
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they will consider and respond to relevant parts of the (1) Clean Growth Strategy, (2) Industrial Strategy, and (3) Hendry Review, in order that a decision is reached on progressing the Swansea Bay Tidal Lagoon.
tabling member printed	Lord Bradshaw
uin	HL5593
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>In coming to any decision on the proposed Swansea Bay tidal lagoon, the Government is currently assessing the Hendry Review and considering how this technology delivers against its priorities, as set out in the Clean Growth Strategy and the Industrial Strategy.</p><p> </p><p>This will ensure that the response to the Hendry Review takes into account the best interests of the UK as a whole and represents value for money for the UK taxpayer and the consumer.</p> answering member printed Lord Henley question first answered 05/03/2018 15:09:46 answering member 2616 label Biography information for Lord Henley
tabling member	2483 label Biography information for Lord Bradshaw

845401

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	Care Workers: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the impact on personal budget holders as a consequence of the retrospective implementation of the change in guidance on the national minimum wage and national living wage for sleep-in shifts for care workers.
tabling member printed	Baroness Campbell of Surbiton
uin	HL5601
answer	answer is ministerial correction date of answer 27/02/2018 answer text <p>Court and Employment Appeal Tribunal judgments have clarified, over time, what constitutes “work” in connection with sleeping time and therefore when the national minimum or living wage (NMW) is payable for sleep-in shifts. The Government recognises that cumulative financial liabilities relating to sleep-in shifts could pose challenges to some social care providers and individuals, including personal budget holders.</p><p> </p><p>The Government is currently engaging with the social care sector to understand the impact of those liabilities and is exploring options to minimise the impact on the sector, including opening discussions with the European Commission to determine whether any support, if deemed necessary, would be subject to EU state aid rules.</p><p> </p><p>The Government launched the Social Care Compliance Scheme (SCCS) on 1 November 2017. It aims to maintain care service provision, protect existing jobs and maximise the prospects of workers being paid arrears as soon as possible. The SCCS is open to all care sector employers, including personal budget holders and self-funders. It means that individuals affected can benefit from a certain period of time to review what is owed. In practice, where an individual is the subject of an NMW investigation, we expect local authorities to work closely with HMRC to ensure the right outcome in light of the individual’s needs where any liability is identified.</p> answering member printed Lord Henley question first answered 27/02/2018 14:18:16 answering member 2616 label Biography information for Lord Henley
tabling member	3831 label Biography information for Baroness Campbell of Surbiton

845415

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	Electricity: Storage
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment, if any, they have made of the potential benefits of implementing a regulatory definition of electricity storage based upon the definition currently used for interconnector capacity.
tabling member printed	Baroness Featherstone
uin	HL5615
answer	answer is ministerial correction date of answer 02/03/2018 answer text <p>Our 2016 call for evidence on a smart, flexible energy system sought views on how to define electricity storage in legislation and other regulation. A large number of respondents agreed that the definition developed by the industry group, the Electricity Storage Network, provided the best basis for this. Very few respondents suggested basing the regulatory definition on that used for interconnection. In the Smart Systems and Flexibility Plan, published in July 2017, the Government committed to define electricity storage in primary legislation using the Electricity Storage Network’s definition as a basis, when Parliamentary time allows.</p> answering member printed Lord Henley question first answered 02/03/2018 14:17:39 answering member 2616 label Biography information for Lord Henley
tabling member	1531 label Biography information for Baroness Featherstone

845416

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	Electricity: Storage
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many gigawatts of large scale long duration electricity storage, of over four hours, was on the National Grid last year; and what assessment they have made of the total requirement for this year.
tabling member printed	Baroness Featherstone
uin	HL5616
answer	answer is ministerial correction date of answer 02/03/2018 answer text <p>Long duration storage, in the form of pumped hydro, accounted for just under 3GW capacity in GB last year. National Grid, as System Operator, takes a technology neutral approach to securing services that meet the needs of balancing the electricity system, and is in the process of setting out future needs through their System Needs and Product Strategy.</p> answering member printed Lord Henley question first answered 02/03/2018 14:17:08 answering member 2616 label Biography information for Lord Henley
tabling member	1531 label Biography information for Baroness Featherstone