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47118
unstar this property registered interest false more like this
star this property date less than 2014-04-07more like thisremove minimum value filter
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what category of investor Lansdowne Partners was with regard to the sale of Royal Mail. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 195611 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-10more like thismore than 2014-04-10
star this property answer text <p> </p><p>All investors in Royal Mail - whether individuals or institutions - have a reasonable expectation of privacy: therefore we have not disclosed the names of specific investors and their involvement in the IPO process.</p><p> </p> more like this
star this property answering member constituency Sevenoaks more like this
star this property answering member printed Michael Fallon more like this
star this property question first answered
less than 2014-04-10T12:00:00.00Zmore like thismore than 2014-04-10T12:00:00.00Z
star this property answering member
88
star this property label Biography information for Sir Michael Fallon more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
47657
unstar this property registered interest false more like this
star this property date less than 2014-04-08more like thismore than 2014-04-08
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
star this property answering dept short name Justice more like this
star this property answering dept sort name Justice more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Justice, what plans his Department has to increase or lower the level of fees in the employment tribunal system. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 195746 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-28more like thismore than 2014-04-28
star this property answer text <p> </p><p>The Lord Chancellor is committed to reviewing the impact of the introduction of fees in the employment tribunals system. The Ministry of Justice is currently finalising arrangements for the timing and scope of this review, to enable the impacts to be properly assessed, and we will be making an announcement in due course.</p> more like this
star this property answering member constituency North West Cambridgeshire more like this
star this property answering member printed Mr Shailesh Vara more like this
star this property grouped question UIN 196187 more like this
star this property question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
star this property answering member
1496
star this property label Biography information for Mr Shailesh Vara more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48104
unstar this property registered interest false more like this
star this property date less than 2014-04-09more like thismore than 2014-04-09
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
star this property answering dept short name Justice more like this
star this property answering dept sort name Justice more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Justice, when his Department plans to carry out a review on its policy on fees in the employment tribunal system. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 196187 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-28more like thismore than 2014-04-28
star this property answer text <p> </p><p>The Lord Chancellor is committed to reviewing the impact of the introduction of fees in the employment tribunals system. The Ministry of Justice is currently finalising arrangements for the timing and scope of this review, to enable the impacts to be properly assessed, and we will be making an announcement in due course.</p> more like this
star this property answering member constituency North West Cambridgeshire more like this
star this property answering member printed Mr Shailesh Vara more like this
star this property grouped question UIN 195746 more like this
star this property question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
star this property answering member
1496
star this property label Biography information for Mr Shailesh Vara more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48116
unstar this property registered interest false more like this
star this property date less than 2014-04-10more like thismore than 2014-04-10
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 196282 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-28more like thismore than 2014-04-28
star this property 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> more like this
star this property answering member constituency Sevenoaks more like this
star this property answering member printed Michael Fallon more like this
star this property question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
star this property answering member
88
star this property label Biography information for Sir Michael Fallon more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48899
unstar this property registered interest false more like this
star this property date less than 2014-04-10more like thismore than 2014-04-10
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 903727 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-29more like thismore than 2014-04-29
star this property answer text <p>I refer the hon. Gentleman to the answer I gave today to the hon. Member for Sefton Central (Bill Esterson).</p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property question first answered
less than 2014-04-29T12:00:00.00Zmore like thismore than 2014-04-29T12:00:00.00Z
star this property answering member
1529
star this property label Biography information for Mr David Gauke more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48627
unstar this property registered interest false more like this
star this property date less than 2014-04-25more like thismore than 2014-04-25
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
star this property answering dept short name Justice more like this
star this property answering dept sort name Justice more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Justice, how many days were taken to process and grant each of the applications for remissions of employment tribunal fees that have been (a) granted and (b) partially granted. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 196795 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-30more like thismore than 2014-04-30
star this property answer text <p> </p><p> </p><p>The guidance document published by HM Courts &amp; Tribunals Service (HMCTS) explains that remission applications will be processed within five working days of the date that they are received, and that appeals will be determined within 10 days. The latest available information collated by HMCTS staff indicates that the applications received in respect of employment tribunal matters are currently determined within three working days. Appeals in respect of employment tribunal remissions decisions are currently determined within nine days.</p><p> </p><p>However, data on the time taken for each one of the remission applications determined so far is not readily available. To obtain that data would require significant work to interrogate the relevant HMCTS case management database. This work, if undertaken for the purposes of answering this question, would incur disproportionate cost.</p> more like this
star this property answering member constituency North West Cambridgeshire more like this
star this property answering member printed Mr Shailesh Vara more like this
star this property question first answered
less than 2014-04-30T12:00:00.00Zmore like thismore than 2014-04-30T12:00:00.00Z
star this property answering member
1496
star this property label Biography information for Mr Shailesh Vara more like this
star this property previous answer version
8000
star this property answering member constituency North West Cambridgeshire more like this
star this property answering member printed Mr Shailesh Vara more like this
star this property answering member
1496
star this property label Biography information for Mr Shailesh Vara more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48721
unstar this property registered interest false more like this
star this property date less than 2014-04-28more like thismore than 2014-04-28
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, when the stabilisation period in respect of the privatisation of Royal Mail, as detailed in the engagement letter between his Department and the underwriting banks, ends; and how that period has been defined. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 196951 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-05-01more like thismore than 2014-05-01
star this property answer text <p>The stabilisation period, also known as a &quot;greenshoe&quot; or &quot;over-allotment&quot; option, is a market-standard provision that allows the Initial Public Offering's (IPO) stabilisation manager to provide share price stabilisation (if required) for up to 30 days post-commencement of conditional dealings. In the case of the Royal Mail, the stabilisation manager was UBS and the stabilisation period ended on 8 November.</p><p> </p><p>In the engagement letter, the payment of the discretionary fee was linked to the ending of the stabilisation period. However, we informed the banks involved that a decision would not be taken in the timeframe set out in the engagement letter given the volatility of the Royal Mail share price after the IPO.</p><p> </p><p>We have not set a rigid timetable for the decision on the payment of the discretionary fee which remains unpaid.</p><p> </p> more like this
star this property answering member constituency Sevenoaks more like this
star this property answering member printed Michael Fallon more like this
star this property question first answered
less than 2014-05-01T12:00:00.00Zmore like thismore than 2014-05-01T12:00:00.00Z
star this property answering member
88
star this property label Biography information for Sir Michael Fallon more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
48722
unstar this property registered interest false more like this
star this property date less than 2014-04-28more like thismore than 2014-04-28
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what the default rate has been on each of the Government's export guarantee funds since May 2010. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 196948 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-05-06more like thismore than 2014-05-06
star this property answer text <p>UK Export Finance (UKEF) supports UK exports, principally through the provision of guarantees to banks extending loans to overseas buyers and insurance to UK exporters against the risk of non-payment. From 1 May 2010 to 31 March 2014, the percentage of guarantees and insurance policies issued by UKEF that have subsequently defaulted resulting in a claim being paid, or where a claim is currently under examination, is 0.2%.</p><p> </p><p>Given the tenor of transactions that UKEF typically supports, which can be up to 15 years, an in-year default rate does not give a clear indicator of the performance of UKEF's portfolio. In accordance with the financial objectives and risk measures agreed with HM Treasury, UKEF measures the Expected Loss of its portfolio. Expected Loss is the statistical estimate of the amount of UKEF's contingent liability which could be expected to turn into claims that are irrecoverable. Full details of UKEF's performance and risk management can be found in its Annual Report and Account which is available in the libraries of the House.</p>
star this property answering member constituency Sevenoaks more like this
star this property answering member printed Michael Fallon more like this
star this property question first answered
less than 2014-05-06T12:00:00.00Zmore like thismore than 2014-05-06T12:00:00.00Z
star this property answering member
88
star this property label Biography information for Sir Michael Fallon more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
61223
unstar this property registered interest false more like this
star this property date less than 2014-06-10more like thismore than 2014-06-10
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
unstar this property hansard heading Business: Ethics more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, when he plans to publish the Government's framework for action on corporate responsibility. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 200004 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-06-16more like thismore than 2014-06-16
star this property answer text <p> </p><p>The intention to publish a framework for action on corporate responsibility was set out in the call for views on corporate responsibility (CR) which ran during 2013. The response to the call for views was published on 28 March 2014 and this notes that the voluntary, evolving and diverse nature of CR means success relies on a business led approach. We received 152 views from a wide range of stakeholders and, where relevant, these will inform future Government action.</p><p> </p> more like this
star this property answering member constituency Cardiff Central more like this
star this property answering member printed Jenny Willott more like this
star this property question first answered
less than 2014-06-16T15:33:59.5273331Zmore like thismore than 2014-06-16T15:33:59.5273331Z
star this property answering member
1497
star this property label Biography information for Jenny Willott more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter
61574
unstar this property registered interest false more like this
star this property date less than 2014-06-12more like thismore than 2014-06-12
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
unstar this property hansard heading Postal Services more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what discussions he has had with Royal Mail Group, Ofcom or officials or Ministers in other departments about invoking section 44(9) and section 44(10) of the Postal Services Act 2011 to ask Ofcom to report on the sustainability of the Universal Service Obligation. more like this
star this property tabling member constituency Edinburgh South more like this
star this property tabling member printed
Ian Murray more like this
star this property uin 200467 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-06-17more like thismore than 2014-06-17
star this property answer text <p> </p><p>None.</p><p> </p><p>Under the Postal Services Act 2011, Parliament gave Ofcom the primary duty to secure the ongoing provision of the universal service and to this end Ofcom must also have regard for the provision of a universal service to be financially sustainable.</p><p> </p><p> </p><p> </p><p>Ofcom monitors market developments, including any impacts on Royal Mail's performance and operational efficiency, and has the regulatory powers and tools to intervene if the sustainability of the universal service is ever at risk.</p><p> </p><p> </p><p> </p><p>As part of its monitoring regime, Ofcom publishes a report every year on Royal Mail's performance and the postal market, and this includes an update on the financial sustainability of the universal service. More information about Ofcom's regulatory regime can be found on its website (<a href="http://www.ofcom.org.uk/" target="_blank">www.ofcom.org.uk</a>).</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency Cardiff Central more like this
star this property answering member printed Jenny Willott more like this
star this property question first answered
less than 2014-06-17T16:45:26.9880337Zmore like thismore than 2014-06-17T16:45:26.9880337Z
star this property answering member
1497
star this property label Biography information for Jenny Willott more like this
star this property tabling member
3966
star this property label Biography information for Ian Murray remove filter