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48116

registered interest
date	10/04/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, who made the decisions and on what basis were the decisions made on how many shares would go to each priority investor, each institutional investor and each retail investor in respect of the privatisation of Royal Mail.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	196282
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The Government set the overall allocation policy with the aim of getting the right balance between longer-term, stable investors, retail investors and shorter-term investors who provide liquidity in the market.</p><p> </p><p>Allocations were made to a number of institutions who in the early stages of engagement were willing to place non-binding orders despite the risks attached to the IPO such as the industrial relations situation. These investors gave us confidence that there was sufficient demand to proceed with the IPO.</p><p> </p><p>We had nearly three-quarters of a million retail applications so their allocations were scaled back as they were for institutional investors. Given this high demand, Ministers decided to prioritise smaller investors and put in place a cut-off above £10,000 and give everyone below that the same number of shares. Around 95% of retail investors were allocated shares.</p><p><strong> </strong></p><p><strong> </strong></p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 28/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	3966 label Biography information for Ian Murray

48899

registered interest
date	10/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent estimate he has made of how much the reduction in the additional rate of income tax to 45 per cent will be worth each year for a person earning £1 million a year.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	903727
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>I refer the hon. Gentleman to the answer I gave today to the hon. Member for Sefton Central (Bill Esterson).</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 29/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3966 label Biography information for Ian Murray