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1005742

	registered interest
	date	12/11/2018
	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: Prices
	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 steps his Department has taken to apply tariff caps on electricity suppliers since the Domestic Gas and Electricity (Tariff Cap) Act 2018 received royal assent in July 2018.
	tabling member constituency	Caithness, Sutherland and Easter Ross
	tabling member printed	Jamie Stone
	uin	190532
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>On 6 November, Ofgem set out their decision on the level of the cap, following a period of thorough consultation. This means the cap will come into force by the end of the year as we promised.</p><p> </p><p>The cap will protect 11 million households on standard variable tariffs. As a result, the average household on a standard variable tariff will save £76 and customers on the most expensive tariffs will save over £130. Overall the cap will save consumers in the UK an estimated £1 billion per year.</p><p> </p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:39:00 answering member 3974 label Biography information for Claire Perry
	tabling member	4612 label Biography information for Jamie Stone

1005819

	registered interest
	date	12/11/2018
	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	Iron and Steel: USA
	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 discussions he has had with steel companies on the effect of US steel tariffs on the UK steel sector.
	tabling member constituency	Coatbridge, Chryston and Bellshill
	tabling member printed	Hugh Gaffney
	uin	190544
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>My ministerial team and I have had numerous discussions with the steel sector – both as part of wider discussions and on this subject alone – since the measures were announced by the US. We and our colleagues across Government have regularly raised this issue directly with the US to make our objections clear. We have also been working closely with the EU to ensure that proportionate action is taken so that UK workers are safeguarded. We remain in regular contact with the EU and the US Administration to try to reach a positive outcome. Together with BEIS officials, I will continue to engage the UK steel and aluminium companies affected by these tariffs to provide advice and support.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 15/11/2018 14:52:02 answering member 4068 label Biography information for Lord Harrington of Watford
	tabling member	4614 label Biography information for Hugh Gaffney

1005842

	registered interest
	date	12/11/2018
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money the Government has received from the Mineworkers' Pension Scheme (a) since 1994 and (b) in each of the last three financial years for which data is available.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190420
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Since 1994, the Government has received £4,438.1m from the Mineworkers’ Pension Scheme. £3,127m of that is the Guarantor’s share of surpluses and £1,310.2m has been returned from the Investment Reserve. Receipts in each of the last three years were:</p><p> </p><p>2016/7: £51m</p><p>2017/8: £51m</p><p>2018/9: £617.2m (£475m of which is from the Investment Reserve)</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:30 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005843

	registered interest
	date	12/11/2018
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has made direct payments to the Mineworkers' Pension Scheme under the guarantee arrangements.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190421
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>No payments have been required to date.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:36 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005844

	registered interest
	date	12/11/2018
	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	Mineworkers' Pension Scheme
	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 sums are held in the investment reserve fund for the Mineworkers' Pension Scheme.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190422
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>At the valuation date, 30 September 2017, the assets of the Investment Reserve were £1,488m. Since then, a payment of £475m has been made to the Guarantor. The Government Actuary decided that this payment should be made, noting that the remaining buffer is likely to continue to provide significant protection.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:48 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005846

	registered interest
	date	12/11/2018
	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	Mineworkers' Pension Scheme
	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 estimate he has made of the sums that the Government will receive from the Mineworkers' Pension Scheme in (a) 2018-19, (b) 2019-20 and (c) 2020-21.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190423
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Under the terms of the scheme, the Government will receive its share of scheme surpluses. For each of the next 3 years, that share is £142.4m.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:54 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero