The National Living Wage (NLW) is applicable for those aged 25 or older and will increase in April 2019 to £8.21 per hour. This will see a full-time NLW worker\u2019s earnings increase by over £2,750 compared to its introduction<\/p>
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April 2019\u2019s rate increase is following recommendations from the independent and expert Low Pay Commission (LPC). The detailed assessment made by the LPC in reaching this recommended rate will be found in their Autumn 2018 report, which will be published in due course.<\/p>
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Additionally, the Low Pay Commission also provide recommendations on the youth-related National Minimum Wage (NMW) rates. In April 2019, the NMW for 21-24 year olds will rise to £7.70, the 18-20 year olds\u2019 rate will rise to £6.15, the 16-17 year olds\u2019 rate will rise to £4.35 and the Apprentices\u2019 rate will rise to £3.90. The Low Pay Commission is asked to recommend these rates such that they do not damage the employment prospects of younger workers. Indeed, we have seen youth unemployment (16-24 year olds) decrease by 462,000 workers since 2010.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4487", "label" : {"_value" : "Biography information for Kelly Tolhurst"} } , "answeringMemberConstituency" : {"_value" : "Rochester and Strood"} , "answeringMemberPrinted" : {"_value" : "Kelly Tolhurst"} , "dateOfAnswer" : {"_value" : "2018-11-20", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-20T16:42:18.957Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2018-11-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Minimum Wage: Young People"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment the Government has made of the potential effect on youth employment rates of the increase in the minimum wage to £8.21 per hour.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1447", "label" : {"_value" : "Biography information for Andrew Rosindell"} } , "tablingMemberConstituency" : {"_value" : "Romford"} , "tablingMemberPrinted" : [{"_value" : "Andrew Rosindell"} ], "uin" : "190818"} , {"_about" : "http://data.parliament.uk/resources/1005599", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1005599/answer", "answerText" : {"_value" : "
The Financial Reporting Council (FRC)\u2019s Practice Notes contain auditing rather than accounting guidance, so are not directly applicable to the preparation of the FRC\u2019s accounts.<\/p>
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Practice Notes contain best practice guidance to help auditors apply auditing standards in the context of particular kinds of engagement (including public sector bodies, charities and banks). They do not contain additional requirements to those in auditing standards (ISAs (UK)), Practice Note 10 provides relevant context and application guidance for any audit engagement for a public sector body, including the FRC.<\/p>
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The audit of the FRC is carried out in accordance with auditing and ethical standards used by all auditors in the UK.<\/p>
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Practice Note 10 provides guidance on regularity. Regularity is the concept that transactions recorded in the financial statements of an audited business must be in accordance with the relevant framework. These frameworks are specific to the audited business and set out the requirements their transactions must comply with.<\/p>
<\/p>
The FRC auditor is not required to give a separate opinion on regularity because the FRC is required to prepare its accounts in accordance with Companies Act requirements and uses FRS 102.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"} } , "answeringMemberPrinted" : {"_value" : "Lord Henley"} , "dateOfAnswer" : {"_value" : "2018-11-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-22T16:32:45.523Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2018-11-12", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Reporting Council: Audit"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether the Financial Reporting Council (FRC)\u2019s Practice Note 10 Audit of financial statements of public sector bodies in the UK as applicable to public bodies should have been applied to the FRC's accounts for the year ended 31 March, given that the FRC was itself a public body for all that period.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL11370"} , {"_about" : "http://data.parliament.uk/resources/1005600", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1005600/answer", "answerText" : {"_value" : "
The Framework Document between the Financial Reporting Council and the Department is in the process of being agreed. Once agreed, it will be placed in the Libraries of the House.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"} } , "answeringMemberPrinted" : {"_value" : "Lord Henley"} , "dateOfAnswer" : {"_value" : "2018-11-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-23T11:41:33.19Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2018-11-12", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Reporting Council"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether they will place in the Library of the House the framework document for the Financial Reporting Council as agreed with its sponsoring department, as required by the HM Treasury document, Managing Public Money, published in July 2013.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL11371"} , {"_about" : "http://data.parliament.uk/resources/1005646", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1005646/answer", "answerText" : {"_value" : "
Both SMETS1 and SMETS2 smart meters are compatible with microgeneration, including solar panels.<\/p>
<\/p>
All SMETS compliant electricity meters are capable of recording any electricity that is exported to the grid from onsite renewable generation sources, such as solar panels.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"} } , "answeringMemberPrinted" : {"_value" : "Lord Henley"} , "dateOfAnswer" : {"_value" : "2018-11-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-22T16:42:45.003Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2018-11-12", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Electricity: Meters"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what assessment they have made of the ability of current smart meter technology accurately to account for energy generated by domestic solar panels.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL11417"} , {"_about" : "http://data.parliament.uk/resources/1002150", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1002150/answer", "answerText" : {"_value" : "
Our Clean Growth Strategy set out the Government\u2019s ambition for a diverse electricity system that supplies our homes and businesses with secure, affordable and clean power.[1]<\/p>
We have already committed to phasing out generating power from coal by 2025[2] and recognise that reducing emissions in the power sector means developing low carbon sources of electricity that are both cheap and clean.<\/p>
<\/p>
There is a number of decarbonisation pathways that balance the role of clean power sources with the use of fossil fuel generation such as from gas. These include those outlined in our Clean Growth Strategy[3], and the latest BEIS Energy and Emissions Projections.[4]<\/p>
<\/p>
[1] See: https://www.gov.uk/government/publications/clean-growth-strategy<\/a><\/p> [2] See: https://www.gov.uk/government/consultations/coal-generation-in-great-britain-the-pathway-to-a-low-carbon-future<\/a><\/p> [3] See: https://www.gov.uk/government/publications/clean-growth-strategy<\/a><\/p>