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873643

registered interest
date	28/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
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 the Government is taking to encourage financial technology firms to relocate to the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	134757
answer	answer is ministerial correction date of answer 18/04/2018 answer text <p>The Government is committed to ensuring that the UK is the best place to start and grow a fintech business. The new Fintech Sector Strategy – launched by the Chancellor at the recent HM Treasury-organised International Fintech Conference – sets out the practical steps that have been, and will be, taken to support this commitment. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p><p>The Strategy is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/04/2018 14:17:46 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

873646

registered interest
date	28/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether his Department plans to review money laundering regulations to take into account the effect of cryptocurrencies.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	134760
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>The Government has committed to bringing digital currencies into the scope of anti-money laundering regulation. The Government anticipates that the Fifth Anti-Money Laundering Directive will enter into force at EU-level in summer of this year, with a transposition deadline of late 2019. This will be during the Implementation Period, and so the UK will transpose this Directive. These amendments bring virtual currency exchanges and custodian wallet providers into the scope of obliged entities. We will consult on any steps the government proposes to take to regulate digital currencies under UK law.</p><p> </p><p>The Government has also recently announced the establishment of the Cryptoassets Taskforce, consisting of HM Treasury, the Bank of England and the Financial Conduct Authority. As part of its work, the Taskforce will consider the risks of cryptoassets and the future responses of the appropriate authorities, including around anti-money laundering regulation.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2018 13:52:02 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

873789

registered interest
date	28/03/2018
answering body	Department of Health and Social Care
answering dept id	17
answering dept short name	Health and Social Care
answering dept sort name	Health and Social Care
hansard heading	Electronic Cigarettes
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Health and Social Care, what assessment he has made of the effect of the use of electronic vaping devices on smoker mortality levels.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	134903
answer	answer is ministerial correction date of answer 17/04/2018 answer text <p>The Department has been clear that for smokers, quitting smoking completely is the best way to improve health. E-cigarettes are not risk free. However evidence continues to suggest that e-cigarettes are significantly less harmful to health than cigarettes and can aid in helping smokers to quit.</p><p> </p><p>Given that e-cigarettes are a relatively new product, there is no long term data available regarding the impact on mortality rates of smokers who opt to move to vaping as an alternative.</p><p> </p><p>The Department will continue to work with Public Health England (PHE) to monitor the evidence base around e-cigarettes. In the Tobacco Control Plan, published in July 2017, PHE committed to update their evidence report on e-cigarettes and other novel nicotine delivery systems annually until the end of the Parliament in 2022.</p> answering member constituency Winchester answering member printed Steve Brine question first answered 17/04/2018 12:46:26 answering member 4067 label Biography information for Steve Brine
tabling member	1586 label Biography information for Adam Afriyie

864267

registered interest
date	15/03/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Cost Effectiveness
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, if he will make an estimate of the efficiency savings that better use of technology has enabled for departmental spending since 2010.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	132752
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>In total, benefits of £3.56 billion were achieved in the last spending review period as a result of digital and technology transformation across government (April 2012 - March 2015). GDS delivered over £339 million benefits in 2015/16, improving the quality of services through assuring digital and technology projects.</p> answering member constituency Hertsmere answering member printed Oliver Dowden question first answered 29/03/2018 09:53:38 answering member 4441 label Biography information for Oliver Dowden
tabling member	1586 label Biography information for Adam Afriyie

864268

registered interest
date	15/03/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Public Sector: Blockchain
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, what assessment he has made of the potential benefits of using blockchain in the public sector.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	132753
answer	answer is ministerial correction date of answer 23/03/2018 answer text <p>Government is researching potential use cases, and engaging with suppliers about the best use of blockchain technologies with a view of how it might drive efficiencies and support transformation. This research is led by individual departments in line with their specific needs.</p> answering member constituency Hertsmere answering member printed Oliver Dowden question first answered 23/03/2018 11:45:11 answering member 4441 label Biography information for Oliver Dowden
tabling member	1586 label Biography information for Adam Afriyie

864269

registered interest
date	15/03/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, what recent steps his Department has taken to improve transparency in government.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	132754
answer	answer is ministerial correction date of answer 22/03/2018 answer text <p>Since 2010 the Government has been at the forefront of opening up data to allow the public and Parliament to hold public bodies to account. The Government remains committed to continuing to look at how the range of information it publishes can be expanded and made as useful as possible to the public, business, the voluntary sector and government itself.</p><p>We recently launched a new webpage that clarifies the core transparency data published by Government and provides guidance on ensuring this data is accessible, timely and easy to find: https://www.gov.uk/government/collections/how-to-publish-central-government-transparency-data</p> answering member constituency Norwich North answering member printed Chloe Smith question first answered 22/03/2018 12:04:49 answering member 1609 label Biography information for Chloe Smith
tabling member	1586 label Biography information for Adam Afriyie

850745

registered interest
date	27/02/2018
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	Energy: Meters
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 is taking to ensure that smart meters are on schedule to be installed in every household by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	129982
answer	answer is ministerial correction date of answer 07/03/2018 answer text <p>The Government is committed to ensuring that all homes and small businesses are offered smart meters by the end of 2020. The Programme is well underway with around 400,000 being installed every month.There are now over 8.6 million smart and advanced meters operating across homes and businesses across Great Britain. The rollout of smart meters is on track to deliver significant benefits, including putting an end to estimated bills, and is set to save consumers £300m in 2020 alone.</p><p> </p><p>Energy suppliers are responsible for planning and delivering the roll-out of smart meters, working within the legal framework established by the Government. Energy suppliers’ licence conditions require them to take ‘all reasonable steps’ to roll-out smart meters to all their domestic and small business customers by 31 December 2020. Ofgem is responsible for regulating energy suppliers against this obligation.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 07/03/2018 16:43:22 answering member 3974 label Biography information for Claire Perry
tabling member	1586 label Biography information for Adam Afriyie

850746

registered interest
date	27/02/2018
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	3D Printing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will he make an assessment of the potential contribution of 3D printing to UK GDP by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	129983
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The industry backed Additive Manufacturing strategy identifies that the UK’s High Value Manufacturing Sector can capture over £3.5bn per year (Gross Value Added) for the UK of the rapidly growing global market for additive manufacturing products (3D printing) and services by 2025, supporting 60,000 jobs in the knowledge economy and generating new, highly skilled employment opportunities. The industry led Made Smarter Review also identifies the contribution of digitally enabled technologies to manufacturing-including additive manufacturing- to the UK economy to be as much as £455 billion over the next decade.</p><p> </p><p>As part of the Industrial Strategy, we are working closely with UK industry to create the right conditions for competitive, world leading manufacturing businesses to flourish and grow across the UK. Government recognises the importance of 3D printing and additive manufacturing and since 2012 The UK’s EPSRC and Innovate UK’s combined investment in additive manufacturing R&amp;D, including capital grants, has been well over £200 million, helping to develop and maintain UK capability in additive in the UK. In addition we have invested over £300m in the High Value Manufacturing Catapult, including establishing the National Centre for Net Shape and Addictive Manufacturing housed in the Manufacture Technology Centre in Coventry. Its aim is to develop production-ready additive manufacturing processes, to overcome barriers to wide-scale adoption, and to work on legislative and standardisation issues to support the commercialisation of the innovation and new technologies such as 3D printing.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 05/03/2018 14:28:02 answering member 4068 label Biography information for Lord Harrington of Watford
tabling member	1586 label Biography information for Adam Afriyie

850748

registered interest
date	27/02/2018
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	Data Processing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the potential contribution of machine learning to UK GDP by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	129984
answer	answer is ministerial correction date of answer 07/03/2018 answer text <p>Machine Learning is a significant technology within Artificial Intelligence (AI) more broadly.</p><p>One estimate published by PWC in 2017 proposed that AI could add £232bn to the UK economy by 2030 [1]. Analysis by Accenture predicts that AI alone could add an Additional £630bn to the economy by 2035 increasing the annual growth rate of GVA from 2.5 to 3.9% [2].</p><p>The Industrial Strategy sets Grand Challenges to put the UK in the vanguard of the industries of the future, ensuring that the UK takes advantage of major global changes, improving people’s lives and the country’s productivity. First among these is the AI and Data-driven Economy Grand Challenge.</p><p><em><strong>[1]</strong></em><em><a href="https://www.pwc.co.uk/press-room/press-releases/artificial-intelligence-could-add-232bn-to-UK-gdp.html" target="_blank">https://www.pwc.co.uk/press-room/press-releases/artificial-intelligence-could-add-232bn-to-UK-gdp.html</a></em></p><p><strong><em>[2] </em></strong><em><a href="https://newsroom.accenture.com/subjects/technology/artificial-intelligence-poised-to-double-annual-economic-growth-rate-in-12-developed-economies-and-boost-labor-productivity-by-up-to-40-percent-by-2035-according-to-new-research-by-accenture.htm" target="_blank">https://newsroom.accenture.com/subjects/technology/artificial-intelligence-poised-to-double-annual-economic-growth-rate-in-12-developed-economies-and-boost-labor-productivity-by-up-to-40-percent-by-2035-according-to-new-research-by-accenture.htm</a></em></p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 07/03/2018 16:18:25 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	1586 label Biography information for Adam Afriyie

850749

registered interest
date	27/02/2018
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	Graphene
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential contribution of graphene to UK GDP by 2020.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	129985
answer	answer is ministerial correction date of answer 07/03/2018 answer text <p>At this point in the lifecycle of such an emergent technology, we cannot make reliable estimates of graphene’s near-term contribution to UK GDP. There is a long lead-in time for new materials to be embedded in technologies, and the case of graphene is no exception. Graphene is increasingly gaining traction across the world. One report has estimated that the global graphene-based products market will grow to $2.1 billion by 2025, with a compound annual growth rate (CAGR) of 46.3%.[1] Over 140 companies in the UK have been active in graphene in the UK. The Government is playing an active role to support the development and exploitation of graphene – including through the projects funded by Innovate UK and the Engineering and Physical Sciences Research Council (EPSRC), with universities, and suppliers and end users of graphene, and the foundation of the National Graphene Institute (NGI) and the Graphene Engineering Innovation Centre (GEIC).</p><p> </p><p>[1] Graphene: Technologies, Applications and Markets, BCC Research, 2016</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 07/03/2018 11:54:46 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	1586 label Biography information for Adam Afriyie