Contributions
4,729 recent contributions in Hansard
HANSARDOneWebMy Lords, the investment in OneWeb is still subject to US court approval and regulatory clearances. The Government undertook appropriate due diligence. We will continue to ensure…08 Jul 2020HANSARDOneWebGiven the commercial considerations, at the time I am unable to provide further detail on our ongoing discussions. However, we will have strong representation on the board, we…08 Jul 2020HANSARDOneWebThe Government will invest $500 million, on an equal basis with Bharti Global Ltd. As part of the agreement, a small equity stake will be held by existing OneWeb creditors. This…08 Jul 2020HANSARDOneWebAs I have said, given commercial considerations, I am unable to provide further detail on ongoing discussions, but we will be discussing the future funding of the business, and…08 Jul 2020HANSARDOneWebThe noble Lord asks a lot of questions and there is not time to address all of them. We are investing in this as a one-off strategic opportunity to own a satellite communications…08 Jul 2020HANSARDOneWebThis is, as I said, a one-off investment in a cutting-edge satellite technology company which has many applications that the UK can leverage, including defence applications and…08 Jul 2020HANSARDOneWebWe will use our golden share to full advantage for the British taxpayer. We will take all those considerations into account, but primarily national security.08 Jul 2020HANSARDOneWebThe noble Lord can be assured that appropriate due diligence was carried out, which showed that this investment will be commercially sound and is likely to make an economic…08 Jul 2020HANSARDOneWebAs the noble Baroness recognises in her question, this is novel, cutting-edge satellite technology which we are investing in as part of our focused research and innovation in the…08 Jul 2020HANSARDOneWebThe noble Lord asks a very good question. Through this investment we will look to leverage our influence to set the strategic direction of the business, and of course we want to…08 Jul 2020HANSARDOneWebOur membership or otherwise of the European Union is not relevant to this discussion. The other shareholders are, as I said, Bharti Global Ltd and some small shareholders. We have…08 Jul 2020HANSARDEnvironmental ProjectsNo, I do not agree with the noble Lord. Local road schemes can contribute to reducing congestion in many areas. We are still committed to our manifesto commitment of home…02 Jul 2020HANSARDCovid-19: High Street RetailersThe terms of reference for the review were published on 11 March in the Budget. On 28 April, the Treasury set out the timelines for the tax policy consultations in the light of…02 Jul 2020HANSARDEnvironmental ProjectsI welcome my noble friend back to the Chamber. I agree with her that we are committed to building back better and greener. I am sure the overseas territories will have an…02 Jul 2020HANSARDEnvironmental ProjectsMy noble friend makes a good point: we want to tackle delays in the planning system to support economic recovery, but that does not mean weakening our environmental protections.…02 Jul 2020HANSARDEnvironmental ProjectsI cannot give the noble Lord specific commitments on Bombardier’s role in this, but it is a world-class aeroplane manufacturer. This is an extremely optimistic long-term goal that…02 Jul 2020HANSARDEnvironmental ProjectsThe role of green finance is particularly important; it is one we are working closely on. The former Governor of the Bank of England is leading our efforts on that. Of course, we…02 Jul 2020HANSARDElectricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020I thank noble Lords once again for their valuable contributions to this debate. The capacity market has played, and continues to play, a key role in maintaining secure electricity…02 Jul 2020HANSARDElectricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020That the draft Regulations laid before the House on 4 June be approved. Relevant document: 17th Report from the Secondary Legislation Scrutiny Committee02 Jul 2020HANSARDElectricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020My Lords, before outlining the provisions made by this draft instrument, I will briefly provide some context for the benefit of noble Lords. The capacity market is at the heart of…02 Jul 2020