1-20 of 70 results for subject:Silver
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To ask the Attorney General, what discussions she has had with (a) Cabinet colleagues and (b) the Government of South Africa on (i) the Supreme Court judgment of 8 May 2024 in Argentum Exploration Ltd v Republic of South Africa [2024] UKSC 16 and (ii) the silver cargo in that...
To ask the Attorney General, what discussions she has had with (a) Cabinet colleagues and (b) the Government of South Africa on (i) the Supreme Court judgment of 8 May 2024 in Argentum Exploration Ltd v Republic of South Africa [2024] UKSC 16 and (ii) the silver cargo in that...
I have not had any discussions with the Government of South Africa on this legal case.
With respect to discussions with Cabinet colleagues, the Law Officers’ Convention requires that it is not generally disclosed outside Government whether I have been asked to provide advice or the contents of any such advice. This is a long-standing principle of Cabinet collective agreement which enables the government of the day to obtain frank and full legal advice in confidence.
To ask His Majesty's Government what assessment they have made of the safety of the use of silver in period products, including period pants and menstrual cups, in the light of concerns among the scientific community regarding the safety of the wearer and environmental impacts, particularly on aquatic life.
To ask His Majesty's Government what assessment they have made of the safety of the use of silver in period products, including period pants and menstrual cups, in the light of concerns among the scientific community regarding the safety of the wearer and environmental impacts, particularly on aquatic life.
The UK has a comprehensive regulatory framework in place to ensure products are safe before they are placed on the market. Period products, including period pants and menstrual cups, are regulated by the General Product Safety Regulations 2005. This provides a baseline of safety for applicable products, requiring that only safe products, in their normal or reasonably foreseeable use, can be placed on the market. The law places obligations on producers, manufacturers, importers and distributors to ensure consumers are provided with safety information, including instructions for safe use. This includes risks that are not immediately obvious to consumers without adequate warnings, such as the use of additives and antimicrobial substances and the presence of silver in these products.
Period products are not classed as biocidal products under the GB Biocidal Products Regulation but are instead articles which contain or are treated with a biocidal product (such as a silver compound). A number of silver active substances are currently waiting to be assessed for safety and efficacy as biocides under the GB review programme of existing active substances. While this is the case they can be legally used in treated articles including period products.
Defra continues to monitor research on chemicals in period products as part of the UK REACH Work Programme, working closely with the Health and Safety Executive and the Environment Agency. This ongoing work covers all risks, including those relating to aquatic life. Studies carried out in the EU found that the chemicals identified in these products were present only in low concentrations, with no evidence of significant risks to human health.
To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason silver is not included on the UK Critical Minerals List 2021.
To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason silver is not included on the UK Critical Minerals List 2021.
In 2022, BEIS commissioned the British Geological Survey to undertake the UK’s first criticality assessment. 18 minerals – assessed as having the highest supply risk and highest economic importance – were defined as “critical”. Many other minerals, such as gold and silver, have important uses but, by necessity of focus, only some are defined as “critical”. Supply chain risks can be caused by – for example – rapid demand growth, concentrated supply chains in particular countries or highly volatile prices. Criticality changes over time. The assessment will be reviewed regularly through the Critical Minerals Intelligence Centre. The next review is expected later this year.
To ask the Secretary of State for International Trade, what recent assessment her department has made of the potential merits of sanctioning the importation of (a) precious and semi precious stones, gold and silver and (b) products using these materials from (i) Russia and (ii) third party countries where those...
To ask the Secretary of State for International Trade, what recent assessment her department has made of the potential merits of sanctioning the importation of (a) precious and semi precious stones, gold and silver and (b) products using these materials from (i) Russia and (ii) third party countries where those...
In coordination with our allies, we are introducing the largest and most severe economic sanctions that Russia has ever faced. We do not speculate on future sanctions.
To ask the Chancellor of the Exchequer, how much revenue is raised annually for the public purse from VAT on sales of silver bullion (a) coins and (b) bars.
To ask the Chancellor of the Exchequer, how much revenue is raised annually for the public purse from VAT on sales of silver bullion (a) coins and (b) bars.
HM Revenue and Customs do not hold data on VAT collected specifically from the sale of silver bullion, as information on supplies of specific commodities is not required on VAT returns.
HMRC record and publish annually details of VAT receipts across trade sectors and subsectors, but not of specific commodities.
It is a pleasure and an honour to speak about this subject. In fact, my good friend the Minister may be a bit surprised that I wish to speak about it, because I think that he would, like me, agree with the biblical verse which states:
“Lay not up for yourselves...
It is a pleasure and an honour to speak about this subject. In fact, my good friend the Minister may be a bit surprised that I wish to speak about it, because I think that he would, like me, agree with the biblical verse which states:
“Lay not up for yourselves...
I congratulate the hon. Gentleman on securing this debate. I sought his permission to make an intervention beforehand. Does he agree that there is a real need to safeguard investors, and that the present procedures do not go far enough to protect them? They appear to be weighted on the...
I congratulate the hon. Gentleman on securing this debate. I sought his permission to make an intervention beforehand. Does he agree that there is a real need to safeguard investors, and that the present procedures do not go far enough to protect them? They appear to be weighted on the...
The hon. Gentleman makes a good point, and that is what I want to talk about: trust in the markets—and I am asking questions, not giving answers, because I do not have them.
We should note that gold and silver both act as currency crosses, trading as components of the $5-trillion-a-day...
The hon. Gentleman makes a good point, and that is what I want to talk about: trust in the markets—and I am asking questions, not giving answers, because I do not have them.
We should note that gold and silver both act as currency crosses, trading as components of the $5-trillion-a-day...
I thank my hon. Friend the Member for Stafford (Jeremy Lefroy) for raising a set of complex but important issues with the rigour and grasp of detail in his analysis that has characterised virtually every speech that I have heard him make in his nine years in the House. I...
I thank my hon. Friend the Member for Stafford (Jeremy Lefroy) for raising a set of complex but important issues with the rigour and grasp of detail in his analysis that has characterised virtually every speech that I have heard him make in his nine years in the House. I...
One point that I should have mentioned but did not is that precious metals, probably with the exception of gold, have many other uses—silver in antimicrobial products and platinum and palladium in exhaust pipes and reducing emissions—so they are extremely important, both as a store of value and in having...
One point that I should have mentioned but did not is that precious metals, probably with the exception of gold, have many other uses—silver in antimicrobial products and platinum and palladium in exhaust pipes and reducing emissions—so they are extremely important, both as a store of value and in having...
My hon. Friend is absolutely right and draws attention to the ever-expanding functional use of these metals in ever more sophisticated ways.
Precious metals allow businesses around the world to hedge their risks by reducing uncertainty about future prices. For example, a mining company can agree a price today for the...
My hon. Friend is absolutely right and draws attention to the ever-expanding functional use of these metals in ever more sophisticated ways.
Precious metals allow businesses around the world to hedge their risks by reducing uncertainty about future prices. For example, a mining company can agree a price today for the...
These arrangements must allow for the analysis of each and every transaction executed, and order placed, modified, cancelled or rejected. UK trading venues are also obliged to report to the FCA, immediately upon detection, all orders and transactions, including any cancellations or modifications, that could constitute market manipulation, attempted market...
These arrangements must allow for the analysis of each and every transaction executed, and order placed, modified, cancelled or rejected. UK trading venues are also obliged to report to the FCA, immediately upon detection, all orders and transactions, including any cancellations or modifications, that could constitute market manipulation, attempted market...
Is my hon. Friend able to confirm whether there has been any indication, not necessarily just in precious metal markets, of this nefarious practice of spoofing within markets in the UK?
Is my hon. Friend able to confirm whether there has been any indication, not necessarily just in precious metal markets, of this nefarious practice of spoofing within markets in the UK?
I am just coming on to that, and I will make reference to some of the observations that have been made.
We are confident under MAR that where market abuse behaviour relates to exchange-traded commodity derivatives, as in the J.P. Morgan case, we have robust transparency systems and controls in place....
I am just coming on to that, and I will make reference to some of the observations that have been made.
We are confident under MAR that where market abuse behaviour relates to exchange-traded commodity derivatives, as in the J.P. Morgan case, we have robust transparency systems and controls in place....
Motion lapsed. Resolved, that this House do now adjourn.
Motion lapsed. Resolved, that this House do now adjourn.
A constituent of mine has raised the issue of price manipulation of gold and silver bullion. There have been several cases in the United States which have resulted in considerable fines on banks. May we have a debate on this very important issue, because gold and silver are not merely...
A constituent of mine has raised the issue of price manipulation of gold and silver bullion. There have been several cases in the United States which have resulted in considerable fines on banks. May we have a debate on this very important issue, because gold and silver are not merely...
My hon. Friend raises a very important point. I absolutely sympathise with the fact that it is vital that we do not allow the manipulation of any particular markets. I encourage him to take this issue up directly, perhaps at Treasury questions on 22 May.
My hon. Friend raises a very important point. I absolutely sympathise with the fact that it is vital that we do not allow the manipulation of any particular markets. I encourage him to take this issue up directly, perhaps at Treasury questions on 22 May.
To ask Her Majesty’s Government what representations they have received about the decision of Birmingham Assay Office, pursuant to the Legislative Reform (Hallmarking) Order 2013, to open an office in Mumbai on 18 July that will use a mark for silver to be imported into the UK that is similar...
To ask Her Majesty’s Government what representations they have received about the decision of Birmingham Assay Office, pursuant to the Legislative Reform (Hallmarking) Order 2013, to open an office in Mumbai on 18 July that will use a mark for silver to be imported into the UK that is similar...
Hallmarks are not an indication of geographic origin and are already applied widely to articles manufactured in places other than the location of the four UK Assay Offices, including to articles manufactured outside the UK.
Government has received four representations expressing concern about the decision of Birmingham Assay Office, pursuant to the Legislative Reform (Hallmarking) Order 2013, to open a sub-office in Mumbai.
An impact assessment of the costs and benefits of removing the restrictions on overseas hallmarking was published alongside the government consultation on the proposals in 2012, and covered the whole of the hallmarking sector. The Impact Assessment estimated that there would be a benefit to business of £3.44 m. A copy of the impact assessment can be found on the Parliament website accompanying the Legislative Reform (Hallmarking) Order 2013.
To ask Her Majesty’s Government what is the total annual cost to public funds of the British gold and silver hallmarking system.
To ask Her Majesty’s Government what is the total annual cost to public funds of the British gold and silver hallmarking system.
What steps they are taking to investigate the National Health Service rapid review panel recommendation that the use of silver yarn fabric can significantly reduce or eliminate deaths from methicillin resistant staphylococcus aureus (MRSA) infection.
What steps they are taking to investigate the National Health Service rapid review panel recommendation that the use of silver yarn fabric can significantly reduce or eliminate deaths from methicillin resistant staphylococcus aureus (MRSA) infection.