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541739
registered interest false more like this
date less than 2016-07-21more like thismore than 2016-07-21
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading River Helford: Fish Farming more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what action they are taking to protect and promote oyster farming on the banks of the Helford River in Cornwall. more like this
tabling member printed
Lord Myners remove filter
uin HL1416 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-04more like thismore than 2016-08-04
answer text <p>The shellfish industry is an important contributor to the UK economy and is worth over £250 million annually.</p><p> </p><p>Government policy is to facilitate industry-led growth in this sector; it is for private enterprise and the owners of sites to consider the benefits of oyster farming on the banks of the Helford River in Cornwall.</p><p> </p><p>Public funds are currently available to support economic growth in the aquaculture sector through the European Maritime and Fisheries Fund (EMFF). In November 2015, the UK Government published a Multiannual National Plan for Aquaculture which outlines areas of growth earmarked for support under the EMFF.</p><p> </p><p>In addition, the Shellfish Act 1967 exists to encourage the setting up and management of private and natural fisheries through Several and Regulating Orders, which grant exclusive fishing or management rights within a designated area.</p><p> </p> more like this
answering member printed Lord Gardiner of Kimble more like this
question first answered
less than 2016-08-04T12:33:19.117Zmore like thismore than 2016-08-04T12:33:19.117Z
answering member
4161
label Biography information for Lord Gardiner of Kimble more like this
tabling member
3869
label Biography information for Lord Myners more like this
541740
registered interest false more like this
date less than 2016-07-21more like thismore than 2016-07-21
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading ARM: SoftBank more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they have secured any commitments from SoftBank to avoid taking action through royalty payments or increased borrowing costs that would reduce or eliminate corporation tax payments made by ARM Holdings. more like this
tabling member printed
Lord Myners remove filter
uin HL1417 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-07-29more like thismore than 2016-07-29
answer text <p>The government is committed to ensuring that corporation tax applies to profits generated from UK activities. It has taken a number of steps at both a domestic and international level to achieve this, including recently announced measures to protect the UK tax base from the payment of interest and royalties to overseas companies.</p><p>The government is not able to comment on how these steps will apply to individual taxpayers.</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2016-07-29T12:20:27.207Zmore like thismore than 2016-07-29T12:20:27.207Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
3869
label Biography information for Lord Myners more like this
541206
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they consulted experts in the field before publicly welcoming the acquisition of ARM Holdings by SoftBank, and whether they would similarly welcome a rival bid from an international private equity investor. more like this
tabling member printed
Lord Myners remove filter
uin HL1369 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-04more like thismore than 2016-08-04
answer text <p>SoftBank has made it clear that it intends to invest in ARM, keep its HQ in the UK, and at least double the employee headcount in the UK. The Government welcomes this. No rival bids for ARM have so far been made.</p> more like this
answering member printed Baroness Neville-Rolfe more like this
question first answered
less than 2016-08-04T12:20:55.067Zmore like thismore than 2016-08-04T12:20:55.067Z
answering member
4284
label Biography information for Baroness Neville-Rolfe more like this
tabling member
3869
label Biography information for Lord Myners more like this
541207
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government how they propose to enforce the commitments they have obtained from SoftBank in connection with employment and the location of the headquarters of ARM Holdings. more like this
tabling member printed
Lord Myners remove filter
uin HL1370 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-30more like thismore than 2016-08-30
answer text <p>The Takeover Panel is responsible for enforcing the post offer undertakings given by SoftBank under the terms of the Takeover Code. Grant Thornton LLP has been appointed as an independent supervisor under the Code to monitor compliance with the undertakings. The Takeover Panel can require SoftBank to submit written progress reports in such form and as frequently as it requires and can take disciplinary action if the undertakings are not fulfilled. The Department for Business, Energy and Industrial Strategy will continue to monitor developments.</p> more like this
answering member printed Baroness Neville-Rolfe more like this
question first answered
less than 2016-08-30T13:25:30.643Zmore like thismore than 2016-08-30T13:25:30.643Z
answering member
4284
label Biography information for Baroness Neville-Rolfe more like this
tabling member
3869
label Biography information for Lord Myners more like this
541208
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Foreign Companies: Takeovers more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they plan to introduce legislation restricting the acquisition of key UK companies by foreign investors while they consider their industrial strategy. more like this
tabling member printed
Lord Myners remove filter
uin HL1371 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-15more like thismore than 2016-08-15
answer text <p>As we build an economy that works for all, the Government will keep the law on takeovers under constant review.</p> more like this
answering member printed Baroness Neville-Rolfe more like this
question first answered
less than 2016-08-15T12:25:07.23Zmore like thismore than 2016-08-15T12:25:07.23Z
answering member
4284
label Biography information for Baroness Neville-Rolfe more like this
tabling member
3869
label Biography information for Lord Myners more like this
541209
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what powers they have to review the financial capacity of SoftBank to support ARM Holdings, and in particular whether they can require a further injection of capital into ARM Holdings before any takeover occurs. more like this
tabling member printed
Lord Myners remove filter
uin HL1372 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-12more like thismore than 2016-08-12
answer text <p>It is for the parties to the proposed transaction to consider their relative positions in compliance with the Takeover Code. The board of the target company must take independent advice on the offer, and evaluate its effects on the company’s interests, before giving the board’s opinion to shareholders.</p> more like this
answering member printed Baroness Neville-Rolfe more like this
question first answered
less than 2016-08-12T08:33:57.463Zmore like thismore than 2016-08-12T08:33:57.463Z
answering member
4284
label Biography information for Baroness Neville-Rolfe more like this
tabling member
3869
label Biography information for Lord Myners more like this
541210
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Central Counterparties more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what assessment they have made of the proposed EU-wide recovery and resolution frameworks for failed central counterparties, and whether in their assessment there are any outstanding issues. more like this
tabling member printed
Lord Myners remove filter
uin HL1373 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-07-29more like thismore than 2016-07-29
answer text <p>The government welcomes the European Commission’s commitment to publish a legislative proposal on a recovery and resolution framework for central counterparties (CCPs) and will assess the proposals once published. Given the global nature of CCPs, the recovery and resolution framework will need to take into account ongoing work by the Financial Stability Board, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2016-07-29T12:19:49.783Zmore like thismore than 2016-07-29T12:19:49.783Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
3869
label Biography information for Lord Myners more like this
541211
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading London Stock Exchange: Deutsche Borse more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what assessment they have made of the consequences for financial stability of combining four large central counterparties (CCPs), LCH.Clearnet Ltd, LCH.Clearnet SA, Eurex and CC&amp;G, when the London Stock Exchange and Deutsche Borse merge; whether adequate recovery and resolution frameworks will be in place for each of these CCPs; and whether those frameworks will be ring-fenced from each other. more like this
tabling member printed
Lord Myners remove filter
uin HL1374 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-07-29more like thismore than 2016-07-29
answer text <p>LCH.Clearnet Ltd, LCH.Clearnet SA, Eurex Clearing and CC&amp;G are separate CCPs regulated under European Regulation No 648/2012 (EMIR) by their respective regulators. The London Stock Exchange Group and Deutsche Borse have publicly stated their intention that “[t]he existing regulatory framework of all regulated entities within the Combined Group would remain unchanged” following the merger. Once notified by the companies of their proposal to merge, the Bank of England will assess the proposal for a change in control of LCH.Clearnet Ltd in line with the criteria set out in EMIR.</p><p> </p> more like this
answering member printed Lord O'Neill of Gatley more like this
question first answered
less than 2016-07-29T12:19:14.823Zmore like thismore than 2016-07-29T12:19:14.823Z
answering member
4536
label Biography information for Lord O'Neill of Gatley more like this
tabling member
3869
label Biography information for Lord Myners more like this
539190
registered interest false more like this
date less than 2016-07-18more like thismore than 2016-07-18
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading British Home Stores: Pensions more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what discussions they have had with the Pensions Regulator about the length of time it will require to report on the BHS pension scheme; and whether they plan to communicate that information to fund managers. more like this
tabling member printed
Lord Myners remove filter
uin HL1266 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-01more like thismore than 2016-08-01
answer text <p>The right approach is to allow the Pensions Regulator to get on with its investigations into the use of its anti-avoidance powers. There is a clear legal process that must be followed and this can sometimes take a considerable amount of time. The Pensions Regulator’s Chief Executive has given a commitment that it will have made significant progress by the end of 2016. It has said that when it becomes appropriate to do so it will consider publishing a report of the case under Section 89 of the Pensions Act 2004. The Regulator is independent and Ministers cannot become involved in its decisions on whether or not to exercise its powers or seek to influence its investigations in any way.</p> more like this
answering member printed Lord Freud more like this
question first answered
less than 2016-08-01T15:34:35.38Zmore like thismore than 2016-08-01T15:34:35.38Z
answering member
3893
label Biography information for Lord Freud more like this
tabling member
3869
label Biography information for Lord Myners more like this
539191
registered interest false more like this
date less than 2016-07-18more like thismore than 2016-07-18
answering body
Department for International Trade more like this
answering dept id 202 more like this
answering dept short name International Trade more like this
answering dept sort name International Trade more like this
hansard heading Trade Agreements more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether they plan to establish a scheme to retrain as trade negotiators people with experience of high level intergovernmental and global institutional practice. more like this
tabling member printed
Lord Myners remove filter
uin HL1267 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-07-25more like thismore than 2016-07-25
answer text <p>My right hon. Friend the Prime Minister has created the Department for International Trade, which is responsible for promoting British trade across the world and ensuring the UK takes advantage of the huge opportunities open to us. We are building up our trade policy capability. ​The Department has begun a process to recruit and train staff to work on the UK’s trade policy. We will adapt the resource devoted to trade policy in line with future demands.</p><p> </p> more like this
answering member printed Lord Price more like this
question first answered
less than 2016-07-25T14:12:13.88Zmore like thismore than 2016-07-25T14:12:13.88Z
answering member
4570
label Biography information for Lord Price more like this
tabling member
3869
label Biography information for Lord Myners more like this