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1719738

registered interest
date	21/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Financial Conduct Authority's (FCA) proposals to publicly announce the names of firms and/or individuals at the commencement of enforcement investigations on the (a) commercial value of firms, (b) career prospects of individuals who are named and (c) overall competitiveness of the UK’s (i) financial and related professional services industries and (ii) wider economy; and if he will make an assessment of the compatibility of that proposal with the FCA’s secondary objective to consider international competitiveness and economic growth.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	27312
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>I recognise that many in the financial services sector have concerns about the Financial Conduct Authority’s (FCA) proposed changes to its approach to enforcement.</p><p>This is why the Chancellor and I have been clear that we believe the FCA should reconsider its proposals, in light of responses to its consultation, and considering its new growth and competitiveness objective. The competitiveness of the UK’s world-leading financial services sector is one of the Government’s top priorities.</p><p>The legislative framework provides for the FCA to be operationally independent from the government. The independence of the FCA is vital to its role. The Government respects this operational independence, but takes holding it to account very seriously.</p><p>The specific concerns you have raised are a matter for the FCA, as the operationally independent regulator. The FCA will respond to the Honourable Member by letter on this matter, and a copy of the letter will be placed in the Library of the House of Commons.</p><p>The purpose of any consultation is to allow the regulators to test their proposals and understand their potential impact. It is therefore appropriate to suggest that the FCA reconsider its proposals in light of the feedback received. The Government will continue to engage closely with stakeholders, and with the FCA as they consider next steps.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 24/05/2024 08:59:59 answering member 4639 label Biography information for Bim Afolami
tabling member	1585 label Biography information for Stephen Hammond

1701659

registered interest
date	26/03/2024
answering body	Department for Science, Innovation and Technology
answering dept id	216
answering dept short name	Science, Innovation and Technology
answering dept sort name	Science, Innovation and Technology
hansard heading	Semiconductors: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking to implement the National Semiconductor Strategy.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	902271
answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>Since publishing our strategy, we have made excellent progress to grow our domestic sector, improve our supply chain resilience and protect our national security.</p><p> </p><p>We have launched the Semiconductor Advisory Panel, an incubator pilot programme, ChipStart UK, joined the EU Chips Joint Undertaking, agreed an ambitious partnership with Japan and secured commitments to work more closely with the US and the Republic of Korea.</p><p> </p><p>We are on track to invest £240 million by April 2025.</p><p> </p><p>It should be further noted that this government has invested more into priority technologies like semiconductors than any government in history.</p> answering member constituency Meriden answering member printed Saqib Bhatti question first answered 17/04/2024 15:10:24 answering member 4818 label Biography information for Saqib Bhatti
tabling member	1585 label Biography information for Stephen Hammond

1694912

registered interest
date	11/03/2024
answering body	Ministry of Defence
answering dept id	11
answering dept short name	Defence
answering dept sort name	Defence
hansard heading	Artillery: Procurement
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Defence, with reference to the Answer of 18 January 2024 to Question 8883, if he will publish the outline business case for the Mobile Fires Platform.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	17828
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>The Department does not publish the outcome of Investment Approvals Committee decisions or equipment programme business cases it has considered.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 19/03/2024 16:43:01 answering member 4519 label Biography information for James Cartlidge
tabling member	1585 label Biography information for Stephen Hammond

1694913

registered interest
date	11/03/2024
answering body	Ministry of Defence
answering dept id	11
answering dept short name	Defence
answering dept sort name	Defence
hansard heading	Unmanned Ground Vehicles: Procurement
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Defence, whether he has made an assessment of the potential merits of procuring unmanned ground vehicles for the Army.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	17829
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>Work is ongoing to increase the Army's understanding of how uncrewed ground capabilities could assist in the challenges faced by last mile resupply, Unexploded Ordnance management and route assurance.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 19/03/2024 16:43:20 answering member 4519 label Biography information for James Cartlidge
tabling member	1585 label Biography information for Stephen Hammond