1-20 of 2,004 results for subject:"Mutual societies"
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To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the performance of Welsh Water as a mutually owned water company compared with shareholder-owned water companies in England.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the performance of Welsh Water as a mutually owned water company compared with shareholder-owned water companies in England.
Water is a devolved area, and Welsh Water’s performance is a matter for the Welsh Government.
Water company performance is assessed and reported on annually in reports from Ofwat, the Environment Agency, Natural Resources Wales and the Drinking Water Inspectorate.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has discussed with the Welsh Government the financial and regulatory experience of Welsh Water since its mutualisation.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has discussed with the Welsh Government the financial and regulatory experience of Welsh Water since its mutualisation.
Water is a devolved area, and Welsh Water’s performance is a matter for the Welsh Government.
Water company performance is assessed and reported on annually in reports from Ofwat, the Environment Agency, Natural Resources Wales and the Drinking Water Inspectorate.
To ask the Secretary of State for Environment, Food and Rural Affairs, what lessons her Department has identified from the financial structure and performance of Welsh Water that could be applied to the regulation of water companies in England.
To ask the Secretary of State for Environment, Food and Rural Affairs, what lessons her Department has identified from the financial structure and performance of Welsh Water that could be applied to the regulation of water companies in England.
Water is a devolved area, and Welsh Water’s performance is a matter for the Welsh Government.
Water company performance is assessed and reported on annually in reports from Ofwat, the Environment Agency, Natural Resources Wales and the Drinking Water Inspectorate.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of whether Ofwat's regulatory framework is sufficiently flexible to accommodate mutually owned water companies.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of whether Ofwat's regulatory framework is sufficiently flexible to accommodate mutually owned water companies.
We committed in the White Paper to make it easier for companies to change ownership model where they wish to do so, including to not-for-profit or mutual models. If a company’s owners propose changes to their ownership model, the new regulator will assess any proposals carefully against transparent criteria.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has discussed with Ofwat whether its assessment of Wessex Water's financial resilience adequately captures the potential benefits of retaining earnings within the company under a mutual ownership model.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has discussed with Ofwat whether its assessment of Wessex Water's financial resilience adequately captures the potential benefits of retaining earnings within the company under a mutual ownership model.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of whether the financial resilience of Wessex Water would be strengthened by a mutually owned structure in which profits were retained within the business rather than distributed to external shareholders.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of whether the financial resilience of Wessex Water would be strengthened by a mutually owned structure in which profits were retained within the business rather than distributed to external shareholders.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential saving to Wessex Water customers if the company's existing debt could be refinanced at a lower cost of capital under a mutually owned structure.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential saving to Wessex Water customers if the company's existing debt could be refinanced at a lower cost of capital under a mutually owned structure.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential difference in average household water bills between a water sector comprising shareholder-owned companies and one comprising mutually owned and publicly owned companies.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential difference in average household water bills between a water sector comprising shareholder-owned companies and one comprising mutually owned and publicly owned companies.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has assessed whether Wessex Water could obtain a lower cost of debt if it were mutually owned.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has assessed whether Wessex Water could obtain a lower cost of debt if it were mutually owned.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has modelled the financial and economic implications of converting Wessex Water to a mutually owned company.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has modelled the financial and economic implications of converting Wessex Water to a mutually owned company.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential benefits to customers of Wessex Water of converting the company to a mutually owned model.
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential benefits to customers of Wessex Water of converting the company to a mutually owned model.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has assessed the potential economic case for mutualising water companies.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has assessed the potential economic case for mutualising water companies.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has undertaken any modelling of the potential financial and economic impact of converting privately owned water companies into mutually owned organisations.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has undertaken any modelling of the potential financial and economic impact of converting privately owned water companies into mutually owned organisations.
The Government has established a Public Control Taskforce to examine how greater public control across essential services can help make them more affordable, more accountable and better focused on serving the public interest.
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential challenges faced by financial mutuals seeking to raise external capital while retaining their mutual status.
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential challenges faced by financial mutuals seeking to raise external capital while retaining their mutual status.
Financial mutuals, such as building societies and credit unions, have a strong focus on serving local communities for the benefit of their members. This leaves them well placed to make an important contribution to the Government’s priority to drive good growth in every postcode of the UK.
The Government is undertaking a multi-year programme of work to support financial mutuals. This includes, for example, updating the Building Societies Act 1986 to reduce unnecessary administrative burdens and provide greater funding flexibility, reforming the credit union common bond through the Financial Services and Markets Bill, and asking the Prudential Regulation Authority and the Financial Conduct Authority to produce their joint Mutuals Landscape Report, which identified opportunities for growth-focused reform.
Access to capital is a longstanding structural issue for mutual businesses, and one in which the Government takes a close interest. The Mutual and Co-operative Sector Business Council is currently considering this, including the barriers faced by the sector and potential solutions. The Government will review the Council’s work as it develops and consider the proposals it brings forward.
To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the contribution of financial mutuals.
To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the contribution of financial mutuals.
Financial mutuals, such as building societies and credit unions, have a strong focus on serving local communities for the benefit of their members. This leaves them well placed to make an important contribution to the Government’s priority to drive good growth in every postcode of the UK.
The Government is undertaking a multi-year programme of work to support financial mutuals. This includes, for example, updating the Building Societies Act 1986 to reduce unnecessary administrative burdens and provide greater funding flexibility, reforming the credit union common bond through the Financial Services and Markets Bill, and asking the Prudential Regulation Authority and the Financial Conduct Authority to produce their joint Mutuals Landscape Report, which identified opportunities for growth-focused reform.
Access to capital is a longstanding structural issue for mutual businesses, and one in which the Government takes a close interest. The Mutual and Co-operative Sector Business Council is currently considering this, including the barriers faced by the sector and potential solutions. The Government will review the Council’s work as it develops and consider the proposals it brings forward.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of financial mutuals on (a) regional economic growth and (b) the proportion of businesses and financial institutions that are (i) locally and (ii) member owned.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of financial mutuals on (a) regional economic growth and (b) the proportion of businesses and financial institutions that are (i) locally and (ii) member owned.
Financial mutuals, such as building societies and credit unions, have a strong focus on serving local communities for the benefit of their members. This leaves them well placed to make an important contribution to the Government’s priority to drive good growth in every postcode of the UK.
The Government is undertaking a multi-year programme of work to support financial mutuals. This includes, for example, updating the Building Societies Act 1986 to reduce unnecessary administrative burdens and provide greater funding flexibility, reforming the credit union common bond through the Financial Services and Markets Bill, and asking the Prudential Regulation Authority and the Financial Conduct Authority to produce their joint Mutuals Landscape Report, which identified opportunities for growth-focused reform.
Access to capital is a longstanding structural issue for mutual businesses, and one in which the Government takes a close interest. The Mutual and Co-operative Sector Business Council is currently considering this, including the barriers faced by the sector and potential solutions. The Government will review the Council’s work as it develops and consider the proposals it brings forward.
Lords report stage second day. Amendments 37, 40, 43, 44, 46 to 50, 58 and 59 agreed to. Amendment 60 agreed to on division (248 to 163). Amendment 64 agreed to on division (226 to 162). Amendments 73 to 79 and 81 agreed to. Amendment 88 agreed to on division (194 to 138). Amendment 93 agreed to on division (196 to 138). Amendment 98 agreed to on division (188 to 125). Amendments 100 to 103 agreed to. Bill, as amended, ordered to be printed (HL Bill 53).
Lords report stage second day. Amendments 37, 40, 43, 44, 46 to 50, 58 and 59 agreed to. Amendment 60 agreed to on division (248 to 163). Amendment 64 agreed to on division (226 to 162). Amendments 73 to 79 and 81 agreed to. Amendment 88 agreed to on division...
Moved by
Baroness Northover
34: Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B (regulatory principles to be applied to both regulators), after subsection (1)(h) insert—
“(i) the need to consider financial stability risks associated with climate change.””
Moved by
Baroness Northover
34: Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B (regulatory principles to be applied to both regulators), after subsection (1)(h) insert—
“(i) the need to consider financial stability risks associated with climate change.””
My Lords, in moving Amendment 34 I will speak to Amendments 55, 65 and 91. I will speak briefly. I thank noble Lords for their support and that of Peers for the Planet. There can be no doubt of the climate challenges we face after another summer of drought, wildfires...
My Lords, in moving Amendment 34 I will speak to Amendments 55, 65 and 91. I will speak briefly. I thank noble Lords for their support and that of Peers for the Planet. There can be no doubt of the climate challenges we face after another summer of drought, wildfires...
My Lords, I am pleased to follow the noble Baroness, Lady Northover, and will speak to her amendments and my own on this subject in a moment. But first I express my gratitude for the time and effort that the Minister, his colleagues and all the Bill team have put...
My Lords, I am pleased to follow the noble Baroness, Lady Northover, and will speak to her amendments and my own on this subject in a moment. But first I express my gratitude for the time and effort that the Minister, his colleagues and all the Bill team have put...