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419038

registered interest
date	16/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to bring forward legislation to regulate (a) digital currencies, (b) crowdfunding and (c) peer-to-peer lending.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	10491
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>At the March Budget, the Government said it would consult on how to regulate digital currency exchanges in the new Parliament.</p><p>Operating a P2P platform has been an activity regulated by the Financial Conduct Authority (FCA) since 2014. Crowdfunding is also a Regulated Activity and is subject to FCA rules.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 12/10/2015 14:17:54 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1586 label Biography information for Adam Afriyie

419043

registered interest
date	16/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to attract international FinTech companies to the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	10494
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>The Government is committed to making the UK the leading global FinTech hub, and has announced a large number of policy initiatives, including more supportive regulatory regimes for peer-to-peer, digital currencies, and other innovative firms.</p><p>The Government built on this record at the Summer Budget. First, Eileen Burbidge was appointed as the UK’s ‘Special Envoy for FinTech’, where she will represent UK interests in FinTech at home and around the world. Second, an international FinTech benchmarking exercise was announced to measure the UK’s performance and identify areas of best practice from around the world.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 12/10/2015 14:34:55 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1586 label Biography information for Adam Afriyie

419093

registered interest
date	16/09/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Smart Data Communications Company: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what steps she has taken to remove barriers to small energy providers using the services of the Data Communications Company.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	10487
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>DECC has undertaken a continuous programme of outreach with independent suppliers. This has allowed us to monitor their views on a range of issues, including costs and their ability to use the services of the Data Communications Company (DCC). One challenge we recognised independent suppliers may face was the cost effective procurement of adaptor software enabling them to access DCC services. Over the last twelve to eighteen months, this challenge has been taken up by a number of commercial providers bringing managed service IT solutions to the market which allow independent suppliers to access the DCC with minimal upfront cost. We will continue to monitor the situation to verify that smaller suppliers are able to access the DCC services satisfactorily.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/10/2015 14:00:45 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie

419094

registered interest
date	16/09/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Smart Data Communications Company: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what assessment her Department has made of the effect of the fixed charge system outlined in the Smart Energy Code on the ability of small energy providers to access the services of the Data Communications Company.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	10488
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>The Data Communications Company (DCC) charges for access to the DCC’s services in proportion to suppliers’ market share, calculated on a meter point basis, rather than an equal amount per supplier. This is designed to strike a balance between ensuring a fair contribution from all parties who will have access to the DECC services, and not disadvantaging those parties that are likely to use these services less than others.</p><p>The amount small energy providers will pay in fixed charges is therefore directly reflective of their smaller customer base and likely more limited use of the system that results from their lower market share.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 12/10/2015 14:01:52 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie

391686

registered interest
date	21/07/2015
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
hansard heading	Working Hours: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the cost to the British economy of the EU Working Time Directive in the most recent year for which data is available.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	8197
answer	answer is ministerial correction date of answer 08/09/2015 answer text <p>The Balance of Competence Review, published in July 2014, said that costs would dramatically rise if the flexibility afforded by the individual opt-out were no longer available. Respondents to the Balance of Competence Review’s Call for Evidence felt that the ECJ judgments surrounding on-call working, accrual and carry-over of annual leave as well as payment for annual leave posed further significant costs.</p> answering member constituency Grantham and Stamford answering member printed Nick Boles question first answered 08/09/2015 15:49:16 answering member 3995 label Biography information for Nick Boles
tabling member	1586 label Biography information for Adam Afriyie

391306

registered interest
date	20/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what support his Department is providing to promote the growth of the FinTech industry.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	7976
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Government is committed to making the UK the leading global FinTech hub, and has announced a large number of policy initiatives, including more supportive regulatory regimes for peer-to-peer, digital currencies, and other innovative firms.</p><p> </p><p> </p><p> </p><p>The Government built on this record at the Summer Budget. First, Eileen Burbidge was appointed as the UK’s ‘Special Envoy for FinTech’, where she will represent UK interests in FinTech at home and around the world. Second, an international FinTech benchmarking exercise was announced to measure the UK’s performance and identify areas of best practice from around the world.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 07/09/2015 15:35:18 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1586 label Biography information for Adam Afriyie

391375

registered interest
date	20/07/2015
answering body	Department for Culture, Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
hansard heading	Radio Frequencies: Auctions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Culture, Media and Sport, whether the Government plans to announce a spectrum auction by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	8013
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>UK spectrum auctions are managed by Ofcom. Ofcom expects to auction up to 190 MHz of spectrum at 2.3 GHz and 3.4 GHz in this financial year (2015/16). No decision has yet been taken by Ofcom as to whether an auction will be used to assign future spectrum released from public sector use or freed up by the clearance of the 700 MHz band, or the timing of any such auction.</p> answering member constituency Wantage answering member printed Mr Edward Vaizey question first answered 07/09/2015 14:10:20 answering member 1580 label Biography information for Lord Vaizey of Didcot
tabling member	1586 label Biography information for Adam Afriyie

391376

registered interest
date	20/07/2015
answering body	Department for Culture, Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
hansard heading	Radio Frequencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Culture, Media and Sport, what assessment his Department has made of the increase in the amount of radio spectrum which will be made available to the private sector by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	8014
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The current target is to release 500 MHz of spectrum below 5 GHz by 2020, of which 62 MHz has already been released. Ofcom expects to auction up to 190 MHz of additional spectrum at 2.3 GHz and 3.4 GHz in this financial year (2015/16).</p><p>The Productivity Plan published on 10 July announced that the Government had implemented a new model for the centralised management of public sector spectrum. Under this model a new Central Management Unit based in the Shareholder Executive will propose a new target for public sector spectrum release to the Secretary of State for Culture, Media and Sport, along with a plan and timetable for achieving it.</p><p> </p><p>Terms of reference outlining how this new model works will be published on <a href="http://www.gov.uk/" target="_blank">gov.uk</a> in due course.</p> answering member constituency Wantage answering member printed Mr Edward Vaizey question first answered 07/09/2015 14:11:08 answering member 1580 label Biography information for Lord Vaizey of Didcot
tabling member	1586 label Biography information for Adam Afriyie

391418

registered interest
date	20/07/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Energy: Meters
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what the reason is for the difference between the estimated cost of the Smart Metering Implementation Programme of £10.9 billion included in her Department's Third Annual Report on the roll-out of Smart Meters, December 2014 and the whole life costs of £19.25 billion included in the Major Project Authority's Portfolio data for her Department of June 2015.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	8015
answer	answer is ministerial correction date of answer 08/09/2015 answer text <p>The Annual Report on the roll-out of Smart Meters and the Major Project Authority’s report use the same underlying data, taken from the Programme’s Impact Assessment:</p><p><a href="https://www.gov.uk/government/publications/smart-meter-roll-out-for-the-domestic-and-small-and-medium-non-domestic-sectors-gb-impact-assessment" target="_blank">https://www.gov.uk/government/publications/smart-meter-roll-out-for-the-domestic-and-small-and-medium-non-domestic-sectors-gb-impact-assessment</a>.</p><p>The difference between the estimated costs is due to the two reports using different methodologies to present the same cost information of the Programme.</p><p>The Annual Report on the roll-out of Smart Meters expresses information in real prices and present values. This follows Treasury guidance for policy appraisal and is aimed at providing future cost and benefit information in a way that is most meaningful for decision making.</p><p>The cost figures in the Major Project Authority’s report are expressed in nominal terms and are not discounted to present value terms. This is aimed at achieving comparability across Government projects but can result in different figures between Impact Assessments and the data reported by the Major Project Authority.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 08/09/2015 15:55:21 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie

391421

registered interest
date	20/07/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what progress she has made on reducing the time taken for homeowners to switch energy and gas supplier; and what forecast she has made of the effect on switching times of the completion of the smart metering implementation programme.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	7974
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>The Department has worked with Energy UK, Ofgem, suppliers and other key industry partners to develop and implement proposals which have enabled domestic customers to switch supplier within 17 days, half the time it previously took.</p><p>The roll-out of smart metering will make switching energy supplier easier and faster and is a key enabler to 24-hour switching. The Government announced in the Summer Budget 2015 that it will work with Ofgem with the ambition of introducing 24-hour switching by the end of 2018.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 07/09/2015 08:37:52 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie