Results 1–20 of 5353 for speaker:Greg Clark

Upcoming Business – Lords: Select Committee (20 Feb 2018)

Economic Affairs Committee: The Economics of UK Energy Policy. 3:30 pm; Room 1, Palace of Westminster
Witnesses: (at 3:35 PM) Rt Hon Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy Rt Hon Claire Perry MP, Minister of State for Energy and Clean Growth Mr Jeremy Pocklington, Director General, Energy and Security and Acting Director General, Energy Transformation

Smart Meters Bill (Programme) (No. 2): Ownership restrictions to successor licensees (5 Feb 2018)

Greg Clark: I beg to move, That the Bill be now read a Third time. The roll-out of smart meters, on which the Bill is focused, forms an important foundation for the smart systems and flexibility plan, which was published last year, and which sets out a number of actions to deliver a smarter, more flexible energy system that supports innovation in smart products and services. It is part of our industrial...

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: I have set up a taskforce bringing together small and medium-sized businesses, the Government, local government and trade unions to assist with the impact on small and medium-sized enterprises and the supply chain. The taskforce has delivered a range of supportive measures, including assistance from Her Majesty’s Revenue and Customs for those experiencing difficulties and more than...

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: I will indeed look at that, and it has been one of the recommendations of the taskforce. It is important that we learn all the lessons and apply them quickly, and this is one such suggestion.

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: The day that Carillion went into insolvency I wrote to the Financial Reporting Council, and I spoke to its chairman, to ask it to investigate the auditors and those who are regulated as accountants. The FRC has agreed to do that, and it announced yesterday that the investigation is under way. I would expect it to learn the lessons for any changes to the regulations that it applies.

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: On the first day of the insolvency, I had in the representatives of all the supply-chain organisations. The first request they made was that we get the banks in to make sure that they treat leniently their customers who were caught up in the insolvency. The banks agreed to do that, and they put funds aside to support and assist those customers. Each bank has made commitments that it will...

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: That is exactly the point that the businesses made. That is why I asked the banks to attend in person to meet those businesses, and it is why the banks gave those commitments and guarantees. It is important for Members with constituents who may be affected that the banks have made that commitment and have made a promise that they will deal individually with anyone who is so affected. The...

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: I do not agree with the hon. Lady. I engaged the FRC immediately, and it is very important that we and the FRC learn the lessons. We will apply whatever is appropriate that comes from those inquiries.

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: I apologise to my hon. Friend if he did not receive notice of the grouping—I am sure that is my error. On engagement with the banks, each of them has responsibilities to its customers to help them through difficult times. The banks have explicitly committed to help them with any cash flow difficulties that they experience, and I expect the banks to deliver on it.

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: The hon. Lady raises an excellent question, and I want to pay tribute to the CITB, which has been working closely with its Scottish colleagues, for a magnificent response. It has been able to not only contact but offer continuity to all the apprentices—I think I am right in saying that—to give them the ability to continue their training. That was a formidable, agile response to an...

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: The lessons and the scrutiny of what went wrong in Carillion, both on the part of its directors and its scrutineers, and in the oversight that took place across the whole of the public sector in terms of contracting, need to be looked at and will be looked at, including by Select Committees of this House. Whatever actions are required from that, we will take.

Business, Energy and Industrial Strategy: Carillion (30 Jan 2018)

Greg Clark: Retentions and project bank accounts have been the subject, in response to those and other concerns, of a consultation on specific measures, which closed very recently. That came out of the recommendations that were made. Part of the taskforce that we have established includes these representative bodies, and they know that they have my commitment to take all the necessary actions to learn...

Business, Energy and Industrial Strategy: Aerospace Sector (30 Jan 2018)

Greg Clark: The Government enjoy a strong partnership with the aerospace sector through the Aerospace Growth Partnership. Since 2010, the sector’s turnover has grown from £24 billion to £34 billion, and exports have almost doubled. Following the excellent and wholly justified ruling of the United States International Trade Commission on Friday night, I am delighted that Bombardier in the...

Business, Energy and Industrial Strategy: Aerospace Sector (30 Jan 2018)

Greg Clark: I will indeed. I pay tribute to the hon. Gentleman for the stalwart in which he and his colleagues stood up for their constituents and, indeed, the supply chain that covers the whole United Kingdom. Right from the beginning, this has been a joint endeavour between us, the Canadian Government, the company and everyone with an interest in the success of Bombardier.

Business, Energy and Industrial Strategy: Aerospace Sector (30 Jan 2018)

Greg Clark: I do indeed. Space is one of the fastest-growing sectors of the economy, and we are world leaders in it. Through the Bill, we will ensure that we have the right regulatory regime to underpin that.

Business, Energy and Industrial Strategy: Aerospace Sector (30 Jan 2018)

Greg Clark: The right hon. Gentleman is a previous occupant of my post, so he knows that the powers that the Secretary of State has over these things have to be exercised in a quasi-judicial way. Therefore, I should not, and cannot, comment on that case. However, he will know, because he has written to me, that I have spoken to both chief executives, and I am keeping it under close review.

Business, Energy and Industrial Strategy: Aerospace Sector (30 Jan 2018)

Greg Clark: My colleagues and I will be very happy to meet my hon. Friend to develop the full potential of aerospace in his constituency.

Business, Energy and Industrial Strategy: Topical Questions (30 Jan 2018)

Greg Clark: Since our last Question Time, it has been my pleasure to introduce my new colleagues, my hon. Friends the Members for East Surrey (Mr Gyimah) and for Burton (Andrew Griffiths), to the Department and to see our agenda progressing. We announced the automotive sector deal, supporting British innovators and manufacturers with a joint commitment of millions of pounds of investment from industry...

Business, Energy and Industrial Strategy: Topical Questions (30 Jan 2018)

Greg Clark: I agree with my hon. Friend and welcome the decision by SGN, SSE and National Grid to refund excess returns to consumers—the others should follow suit. He is absolutely right, and in the next price control period, Ofgem should have a much tougher regime.


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