Previous Section Index Home Page

1 Apr 2009 : Column 1196W—continued

Tokyo

Mr. Heathcoat-Amory: To ask the Secretary of State for Foreign and Commonwealth Affairs how many visits were made by Ministers to Tokyo in the financial year 2007-08. [264572]

Bill Rammell: There were nine visits to Tokyo in the financial year 2007-08.

Energy and Climate Change

Congo Basin Forest Fund

Martin Horwood: To ask the Secretary of State for Energy and Climate Change who represents the Government on the governing body of the Congo Basin Forest Fund. [266726]

Mr. Thomas: I have been asked to reply.

The UK Government are represented on the Congo Basin Forest Fund's (CBFF) Governing Council by the Department for International Development (DFID). A Director from DFID's Africa Division represents the Minister of State on the Governing Council.

Met Office: Finance

Greg Clark: To ask the Secretary of State for Energy and Climate Change what the budget of the Met Office Hadley Centre is in each year from 2008-09 to 2013-14. [266665]

Mr. Kevan Jones: I have been asked to reply.

The planned budget is currently in the region of £20 million a year.


1 Apr 2009 : Column 1197W

Olympics

Olympic Games 2012: Cumbria

Mr. Jamie Reed: To ask the Minister for the Olympics (1) what assessment the Government Olympic Executive has made of the effect on the supply chain in (a) Cumbria and (b) Copeland constituency of the construction process for Olympic venues; [263712]

(2) what estimate the Government Olympic Executive has made of the revenue to the construction industry supply chain which will accrue from the construction of Olympic venues. [263713]

Tessa Jowell: London 2012 will directly procure £6 billion worth of contracts. This investment will be recycled many times over through the Olympic Delivery Authority (ODA) and the London Organising Committee for the Olympic Games and Paralympic Games’ (LOCOG) supply chains through as many as 75,000 sub contracts. 50,000 of these will be in the ODA’s supply chains.

It is difficult to estimate the full impact on the supply chain of the construction programme. However, the ODA is currently conducting research in its supply chains on a venue by venue basis, which may give us a better picture at a regional level. I will ensure you receive this information for the North West region once this is available.

To the end of January 2009, 35 businesses registered in the North West had won a contract directly supplying the ODA. This includes one business registered in Cumbria. No businesses registered in Copeland have won contracts to date. Additionally, three other businesses registered in the region have won contracts in the London 2012 supply chains through CompeteFor.

Businesses interested in getting involved in the games should be encouraged to sign up to CompeteFor, the electronic brokerage service that is designed to give business across the country access to contracts in the London 2012 supply chains. To date, over 2,200 opportunities have been posted on CompeteFor.

Treasury

Bank Services: Charities

Mr. Stephen O'Brien: To ask the Chancellor of the Exchequer for what reasons the Financial Services Compensation Scheme has not allowed (a) the Christie charity's claim for £6.5 million and (b) the Christie Hospital's claim for £1 million after the collapse of Kaupthing, Singer and Friedlander. [267437]

Angela Eagle: The rules of the financial services compensation scheme (FSCS), which are made by the FSA, can be found in the Compensation Sourcebook (COMP) section of the FSA’s handbook—available on the FSA website at:

There are no rules dealing specifically with charities, so FSCS’s assessment of eligibility will turn on how a charity is legally constituted, and by applying its rules in the usual way.


1 Apr 2009 : Column 1198W

The FSCS and FSA operate independently of the Treasury. The FSCS must administer the scheme in accordance with the rules, including the assessment of whether or not a claimant is eligible for compensation. The FSCS has no discretion to act outside these rules.

Treasury Group performance for the period 2005-06 to 2007-08 can be found at Page 97 of the Treasury’s Annual Report for 2007-08 (Cm 7408).

Utilities consumption for HM Treasury in 1 Horse Guards Road for 2003-04 and 2004-05 is shown on the following table. Additional data for both OGC and DMO cannot be provided as this information would have been gathered by managing agents used at the time by these Departments.

mWh

2003-04 2004-05

Electricity

8,195

7,647

Gas

3,807

3,958


Information on previous years’ consumption can be obtained only at disproportionate costs.

Bank Services: Loans

Ms Keeble: To ask the Chancellor of the Exchequer what his most recent assessment is of the extent to which banks which have been recapitalised by the Government are complying with their agreements to provide mortgages and commercial loans at 2007 levels. [267586]

Angela Eagle: I refer the hon. Member to the answer given by the Economic Secretary to the Treasury, my hon. Friend the Member for Dudley, South (Ian Pearson), on this subject on 10 March 2009, Official Report, column 254W.

Banks: Finance

Mr. Hoban: To ask the Chancellor of the Exchequer (1) with reference to his Department's press notice of 19 January 2009 on the Asset Protection Scheme, what criteria will be used to determine what proportion of the value of the security will be guaranteed; [264388]

(2) with reference to his Department's press notice of 19 January 2009 on the Asset Protection Scheme, what further due diligence will be undertaken in respect of securities identified as triple A rated before they are included in the scheme. [264389]

(3) with reference to his Department's press notice of 19 January 2009 on the Asset Protection Scheme, what the remit for the investigations by his Department into the proposed eligible assets for inclusion in the Asset Protection scheme is; and when he expects such investigations to be concluded; [264390]

(4) what the (a) maturity profile and (b) asset type is of each eligible asset of (i) Lloyds Banking Group and (ii) Royal Bank of Scotland insured under the Asset Protection Scheme. [264430]

Ian Pearson: In order to restore confidence to financial markets, the focus of the Asset Protection Scheme is on the most uncertain assets on the books of UK banks. Details of the eligibility criteria for the inclusion of assets in the scheme were set out in the Treasury's press notice of 26 February.


1 Apr 2009 : Column 1199W

The Treasury and its advisers have been working with participating banks to identify eligible assets and conduct due diligence on them.

Further details are set out in the document on the UK Asset Protection Scheme that the Chancellor placed in the House Library on 27 February.

Banks: Regulation

Mr. Dai Davies: To ask the Chancellor of the Exchequer what steps he plans to take on remuneration policies of banks in receipt of recapitalisation from the public purse in light of the recommendations of the Turner Report on the regulatory response to the global banking crisis. [267590]

Angela Eagle: The Government have taken a number of steps in relation to banks’ remuneration policies, including imposing remuneration requirements as part of the recapitalisation programme and the Asset Protection Scheme (APS).

The FSA is currently consulting on its code of practice on remuneration. Banks that participate in the APS are required to review their remuneration policies and come up with long-term strategies that prevent excessive risk-taking in line with the FSA's code of practice.

UK Financial Investments Ltd. (UKFI), which manages the Government's shareholdings in financial institutions on a commercial and arm’s length basis, has been overseeing the remuneration conditions attached to subscribing to the Government's recapitalisation fund, and the Treasury's Asset Protection Scheme. UKFI has worked to ensure management incentivisation based on long-term, sustainable performance and no rewards for failure, in order to protect the interest of the taxpayer as a shareholder.

Mr. Dai Davies: To ask the Chancellor of the Exchequer whether he plans to give any new (a) powers and (b) responsibilities to the Financial Services Authority in respect of the recommendations made by Lord Turner in his report on the regulatory response to the global banking crisis. [267592]

Angela Eagle: The Government plan to publish a document on financial services regulation around the time of the budget.

Mr. Dai Davies: To ask the Chancellor of the Exchequer what assessment he has made of the conclusion of the Turner Report on the regulatory response to the global banking crisis that a complete legal distinction of narrow banking from market-making activities is not feasible. [267630]

Angela Eagle: We currently do not believe that the case has yet been made for a Glass-Steagall style split between retail banking and investment banking activities but will continue to keep this issue under review.

Climate Change Levy: Combined Heat and Power

Dr. Whitehead: To ask the Chancellor of the Exchequer (1) what assessment he has made of the likely effects on the development of new combined heat and power (CHP) plants of the extension of Enhanced Capital Allowances to all potential CHP developers including licensed electricity suppliers; [267631]


1 Apr 2009 : Column 1200W

(2) what assessment he has made of the effect on the development of new combined heat and power (CHP) plants and their contribution towards UK CHP targets of a cessation of climate change levy exemptions for electricity outputs after March 2013; [267632]

(3) what assessment he has made of the effect on the operation of existing combined heat and power plants of a cessation of climate change levy exemptions for electricity outputs after March 2013; [267633]

(4) what assessment he has made of the effects of exempting electricity outputs of combined heat and power plants from the climate change levy on (a) managing the energy costs of UK manufacturing and (b) achieving carbon dioxide emissions savings in energy production. [267634]

Angela Eagle: The Government recognise the role that combined heat and power (CHP) plays in helping the UK achieve its climate change targets, and provides support for CHP through a range of measures, including the current exemptions from the climate change levy, targeted enhanced capital allowances for good quality CHP, exemption from business rates and the carbon price signal arising from the EU ETS.

The Government keep all taxes under review and any decisions are made by the Chancellor as part of the Budget process.

Departmental Buildings

Dr. Pugh: To ask the Chancellor of the Exchequer what buildings are owned or operated by his Department under a private finance initiative (PFI) arrangement; and which companies are involved with each such PFI arrangement. [267405]

Angela Eagle: 1 Horse Guards Road, London is operated on behalf of the Treasury by Exchequer Partnership plc under a private finance initiative agreement.

Departmental Energy

Greg Clark: To ask the Chancellor of the Exchequer how much (a) electricity, (b) gas and (c) other fuel was used by (i) his Department and (ii) each of its agencies in each of the last 10 years. [267344]

Angela Eagle: HM Treasury Group—including the Office of Government Commerce (OGC), and the Debt Management Office (DMO)—as with other central Government Departments, reports performance data on its energy consumption for its office estate annually as part of the Sustainable Development in Government reporting process in order to assess performance against the target to reduce carbon emissions from offices by 12.5 per cent. by 2010-11.

Departmental Public Expenditure

Grant Shapps: To ask the Chancellor of the Exchequer what (a) capital funds and (b) resource funds his Department has brought forward from its (i) 2009-10 and (ii) 2010-11 budgets for use in (A) 2008-09 and (B) 2009-10; and what schemes this funding is being used to support. [267396]


1 Apr 2009 : Column 1201W

Angela Eagle: The Treasury has not brought forward any of its departmental budget into 2008-09 from 2009-10 and currently has no plans to bring forward any of its 2010-11 budget into 2009-10.

Departmental Training

Grant Shapps: To ask the Chancellor of the Exchequer how much has been spent on media training for each Minister in his Department in each of the last three years; how many sessions have been provided; and who provided such training. [268312]

Angela Eagle: I refer the hon. Gentleman to the answers I gave to the hon. Member for Hammersmith and Fulham (Mr. Hands) on 25 March 2009, Official Report, column 406W. Of the £1,285 total expenditure given in that previous answer, £1,035 was for media training.

Departmental Travel

Mr. Philip Hammond: To ask the Chancellor of the Exchequer how much staff of each grade in (a) his Department and (b) its agencies spent on first class travel in the most recent 12 month period for which figures are available. [240382]

Angela Eagle: Information on the number and class of tickets purchased is not normally held, because the Treasury's accounting system records the costs of travel but not the number or type of tickets bought. However, for financial year 2007-08, the travel management company provided information on the number and type of tickets purchased through them. Tickets bought but subsequently refunded are excluded and some tickets are bought directly by the traveller, so this information is not a complete record of all tickets bought. Using information from the travel management company, combined spending of HM Treasury and the Debt Management Office in 2007-08 on first class travel was £549,000.

Since 1999, the Government have published, on an annual basis, a list of all overseas visits by Cabinet Ministers costing in excess of £500, as well as the total cost of all ministerial travel overseas. Copies of the lists are available in the Libraries of the House. All travel is undertaken in accordance with the ‘Civil Service Management Code’ and the ‘Ministerial Code’.

Insurance: Funerals

Mr. Cox: To ask the Chancellor of the Exchequer if he will bring forward measures to ensure that elderly people paying towards a funeral plan can be issued with a paid-up policy rather than continue to pay premiums in excess of the sum assured. [267740]

Ian Pearson: The regulation of whole of life insurance policies sold to help meet funeral expenses is a matter for the FSA. Insurance policies are based on the principle of sharing risk between policyholders, and the terms of these policies must be explained to the consumer. If a consumer does not feel these terms were explained and they are unsatisfied with the response to their complaints to their provider, they can ask the Financial Ombudsman Service (FOS) to consider their case.


Next Section Index Home Page