Shareholder Executive Annual Review 2012-13
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The Privatisation of Qinetiq
House of Commons Committee of Public Accounts The privatisation of QinetiQ Twenty–fourth Report of Session 2007–08 Report, together with formal minutes, oral and written evidence Ordered by The House of Commons to be printed 12 May 2008 HC 151 Published on 10 June 2008 by authority of the House of Commons London: The Stationery Office Limited £0.00 The Committee of Public Accounts The Committee of Public Accounts is appointed by the House of Commons to examine “the accounts showing the appropriation of the sums granted by Parliament to meet the public expenditure, and of such other accounts laid before Parliament as the committee may think fit” (Standing Order No 148). Current membership Mr Edward Leigh MP (Conservative, Gainsborough) (Chairman) Mr Richard Bacon MP (Conservative, South Norfolk) Angela Browning MP (Conservative, Tiverton and Honiton) Mr Paul Burstow MP (Liberal Democrat, Sutton and Cheam) Rt Hon David Curry MP (Conservative, Skipton and Ripon) Mr Ian Davidson MP (Labour, Glasgow South West) Mr Philip Dunne MP (Conservative, Ludlow) Angela Eagle MP (Labour, Wallasey) Nigel Griffiths MP (Labour, Edinburgh South) Rt Hon Keith Hill MP (Labour, Streatham) Mr Austin Mitchell MP (Labour, Great Grimsby) Dr John Pugh MP (Liberal Democrat, Southport) Geraldine Smith MP (Labour, Morecombe and Lunesdale) Rt Hon Don Touhig MP (Labour, Islwyn) Rt Hon Alan Williams MP (Labour, Swansea West) Phil Wilson MP (Labour, Sedgefield) The following were also Members of the Committee during the period of the enquiry: Annette Brooke MP (Liberal Democrat, Mid Dorset and Poole North) and Mr John Healey MP (Labour, Wentworth). Powers Powers of the Committee of Public Accounts are set out in House of Commons Standing Orders, principally in SO No 148. -
Fiscal Sustainability Report Annexes
Fiscal sustainability report Annexes July 2011 Office for Budget Responsibility Fiscal sustainability report Annexes July 2011 © Crown copyright 2011 You may re-use this information (excluding logos) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/open- government-licence/ or e-mail: [email protected]. gov.uk. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Any enquiries regarding this publication should be sent to us at [email protected]. This document is available from our website at http://budgetresponsibility.independent.gov.uk Contents This document provides a set of annexes to accompany the main Fiscal sustainability report. Annex A Asset sales……………………………………………………………....1 Annex B Demographic and economic assumptions ...……….……………..11 Annex C Income tax and benefits uprating assumptions in the long-term projections……………………………………………………………..27 Annex D Long-term trends in health spending……………………………….37 Bibliography……………………………………………………….….47 A Asset sales Asset sales and the central fiscal projections A.1 Consistent with the Charter for Budget Responsibility, and our wider approach to policy announcements, we only include the impact of asset sales in our central projections once firm and final details are available, which provide enough information about the size and timing of the transactions for the effects to be quantified with “reasonable accuracy”. The Charter states that: The OBR’s published forecasts shall be based on all Government decisions and all other circumstances that may have a material impact on the fiscal outlook. -
Maintaining Rural Retail Networks: Best Practices Abroad and Their Implications for the US Postal Service. Report Number RISC
Cover Office of Inspector General | United States Postal Service RISC Report Maintaining Rural Retail Networks: Best Practices Abroad and their Implications for the U.S. Postal Service Report Number RISC-WP-20-003 | March 25, 2020 Table of Contents Cover Executive Summary ...................................................................................................................................... 1 Observations .................................................................................................................................................... 3 Introduction .................................................................................................................................................. 3 Background: Rural Trends that Affect Postal Providers ........................................................... 3 Government Policies Shape the Size and Mission of Rural Postal Networks .................. 4 Government Subsidies for Postal Retail Services ........................................................................ 6 Strategies to Reduce the Cost of Rural Retail Networks ......................................................... 8 Strategies to Produce More Revenue from Rural Outlets ....................................................... 13 Conclusion .................................................................................................................................................... 16 Appendices ..................................................................................................................................................... -
Cost-Benefit Analysis of Rural Post Office Branches
COST-BENEFIT ANALYSIS OF RURAL POST OFFICE BRANCHES A Final Report to the Postal Services Commission Prepared by NERA and RAND Europe June 2003 London Project Team: NERA John Dodgson Michael Spackman Leela Barham RAND Europe Andrew Daly Charlene Rohr Peter Burge 15 Stratford Place London W1C 1BE Tel: (+44) 20 7659 8500 Fax: (+44) 20 7659 8501 Web: http://www.nera.com An MMC Company ACKNOWLEDGEMENTS We would like to thank Postcomm, Post Office Ltd and, last but certainly not least, the many individuals who contributed to our survey of households in rural areas. All responsibility for the contents of this report and the conclusions reached rests with NERA. TABLE OF CONTENTS ACKNOWLEDGEMENTS EXECUTIVE SUMMARY i 1. INTRODUCTION 1 1.1. Study Brief 1 1.2. Our Terms of Reference 1 1.3. The Structure of this Report 2 2. THE RURAL POST OFFICE NETWORK 5 2.1. Introduction 5 2.2. Number and Type of Rural Post Office Branches 5 2.3. Services Provided by Rural Post Office Branches 8 2.4. Use and Accessibility of Rural Post Office Branches 11 2.5. The Role and Importance of Rural Post Offices 14 2.6. Threats to Rural Post Office Branches and Responses 18 3. THE CHOICE MODELLING APPROACH TO THE VALUATION OF BENEFITS 23 3.1. Introduction 23 3.2. The Choice Modelling Approach 23 3.3. The Survey Questionnaire 24 3.4. Household Selection 26 3.5. Selection of Interview Locations 27 3.6. Conduct of the Surveys 30 4. USE OF RURAL POST OFFICE SERVICES 33 4.1. -
Uk Government Investments Appointment of the Chair Candidate Information Pack
Commissioner for Public Appointments UK GOVERNMENT INVESTMENTS APPOINTMENT OF THE CHAIR CANDIDATE INFORMATION PACK March 2021 1 Table of Contents Foreword from Economic Secretary to the Treasury, John Glen MP ................................................. 4 About UK Government Investments ................................................................................................... 5 Objectives........................................................................................................................................ 5 Corporate Governance .................................................................................................................... 5 Corporate Finance ........................................................................................................................... 5 Asset Realisation ............................................................................................................................. 5 Company structure ......................................................................................................................... 6 Current priorities ............................................................................................................................. 6 The role of the UKGI board ............................................................................................................. 6 UKGI culture .................................................................................................................................... 7 The role .............................................................................................................................................. -
SRN Brochure
The Security & Resilience Network Reactive │Proactive │Adaptive Who We Are About Us Pioneered by London First, the Security & Re- Events silience Network is dedicated to helping Lon- don's private sector become more resilient to the growing number of social, physical and technological challenges that have developed Engagement Leadership within this global city. Exchange The Security & Resilience Network supports the view that resilience is not purely about reacting to crises and challeng- es but, rather, requires a proactive and adaptive approach. If The Security & Resilience businesses are to become truly resilient they need to improve Network their knowledge around potential threats and develop strate- gies and capabilities that will allow them not only to withstand shocks and stresses but also to emerge even stronger. London Intelligence Metropolitan Network That's where we come in… With London First representing companies that generate a quarter of London’s GDP, the Security and Resilience Net- work within London First is uniquely placed to help organisa- tions improve their security and resilience by collaborating with official government departments, police and law-en- forcement agencies to build stronger partnerships and learn from best practice. 2 The Network The Security & Resilience Network sits within the larger • Developing a series of events and activities that raise membership of London First, which is made up of 263 organi- awareness of social, physical, technological and opera- sations across the capital. Together, we are able to represent tional challenges to business and support dialogue with a broad base of London's businesses and effectively address public sector organisations. their concerns around security and resilience. -
Shareholder Executive Annual Review 2013-14
Annual Review 2013-14 October 2014 Contents 4 Opening Words by Matthew Hancock MP 5 The Shareholder Executive 8 Foreword to the Annual Review by Robert Swannell 10 1. Chief Executive’s Report 10 1.1 Introduction 11 1.2 Major achievements, 2013-14 20 1.3 Changes in the portfolio 20 1.4 Organisational structure, people and teams 22 1.5 Outlook 24 2. Portfolio performance in financial year 2013-14 24 2.1 Portfolio composition 26 2.2 Brief descriptions of the Portfolio companies 30 2.3 Portfolio financial analysis 32 2.4 Turnover and operating profit 32 2.5 Net operating assets and return on net assets 33 2.6 Dividends declared 34 Annex A 34 The Advisory Board of the Shareholder Executive 38 Shareholder Executive: Executive Directors 43 Annex B 43 List of abbreviations used Page 3 of 44 Opening Words by Matthew Hancock MP The Shareholder Executive – ShEx – plays a crucial role in ensuring that the taxpayer gets best value from the assets it owns. Sometimes this means realising value through the injection of private capital as in the case of the Royal Mail. But it also means acting as custodian of vital assets that need to continue in Government ownership, in some cases being highly active as a shareholder to improve capability, efficiency and effectiveness of Government-owned bodies. ShEx also plays an important role in providing high-quality corporate finance advice across Government. ShEx is delivering growth and boosting the economy in new and innovative ways, for example, as the incubator for new Government-owned financial bodies such as the Green Investment Bank, tasked with investing in green projects, and in establishing the British Business Bank, which is helping to make finance markets work better for smaller businesses. -
Candidate Brief Published British Business
Non-Executive Director | British Business Bank Candidate brief for the position of Non-Executive Director British Business Bank July 2021 Non-Executive Director | British Business Bank Contents About British Business Bank 3 Operating Model 4 The Board 5 The Role 6 The Individual 7 Search Process 9 Candidate Charter 10 How to Apply 11 Appendix 1 12 Appendix 2 17 odgersberndtson.com Non-Executive Director | British Business Bank About British Business Bank The UK Government established the British Business Bank (“the Bank”) in November 2014 as a long-term institution charged with ensuring the finance markets in the UK serve the needs of UK SMEs and mid-sized businesses. It has a single shareholder, the Secretary of State for Business, Energy and Industrial Strategy (“BEIS”). The mission of the Bank is to drive sustainable growth and prosperity across the UK by improving access to finance for small businesses, enabling them to succeed in the transition to a net zero economy, change the structure of the finance markets for smaller businesses and mid-caps so these markets work more effectively and dynamically. The Bank is charged with 7 objectives: 1 Increase the supply of finance available to smaller businesses where markets do not work well. 2 Help create a more diverse market for smaller business finance with greater choice of options and providers. 3 Identify and help reduce regional imbalances in access to finance in smaller businesses across the UK. 4 Encourage and enable SMEs to seek the finance best suited to their needs. 5 Be the centre of expertise on smaller business finance in the UK, providing advice and delivering on behalf of Government. -
Is Diversification the Answer to Mail Woes? the Experience of International Posts
Is Diversification the Answer to Mail Woes? The Experience of International Posts Final Report February 2010 Notice of Confidentiality and Non-Disclosure This document contains pre-decisional opinions, advice, and recommendations that are offered as part of the deliberations necessary to the formulation of postal policy. It is protected from disclosure pursuant to the Deliberative Process Privilege It also contains commercially sensitive and confidential business/proprietary information that is likewise protected from disclosure by other applicable privileges. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from Accenture Diversification of International Posts 1 About this document This document was prepared by Accenture at the request of the U.S. Postal Service This report is based on a review of the experience of international posts with diversification outside of mail 1, complemented by Accenture’s postal industry experience and research. It was prepared with the intent to help inform discussions on the U.S. Postal Service future growth opportunities While looking at how other posts are responding to the growing decline in mail volumes provides valuable insights, this report does not intend to provide recommendations on the U.S. Postal Service specific situation In particular, the reasons for success or failures as experienced by others posts can be rooted in a wide range of factors, among which are: market conditions, the specific situation of a given post, or the effectiveness in executing their respective diversification strategies Therefore, while this report provides a collective overview of what other posts have done to grow their revenue outside of mail, it does not intend to provide an analysis of the U.S. -
Written Evidence Submitted by the Department for Business, Energy and Industrial Strategy (POH0006)
Written evidence submitted by the Department for Business, Energy and Industrial Strategy (POH0006) POST OFFICE: BEIS SELECT COMMITTEE INQUIRY Thank you for launching an inquiry on issues emerging from the Horizon IT Court cases. Government believes that postmasters are at the heart of communities and recognises the strength of feelings about the negative impact the Horizon cases has had on postmasters, causing distress to them and their families. I therefore believe this is an important inquiry and my officials and I will take the necessary actions to support the Committee. As a first step, I welcome the opportunity to provide oral evidence with my Business, Energy and Industrial Strategy (BEIS) and UK Government Investments (UKGI) officials on 24 March. Ahead of this, Iam writing to you to provide some further information. Ihave also included annexes that summarise the respective roles of BEIS as the Policy Sponsor, UKGI as the Shareholder Representative and Post Office Ltd (Annex A) as well as a timeline of historical events in relation to the issues brought forward by the Horizon litigation (Annex B). Current status of the Horizon IT trials and next steps On 11 December 2019, Post Office Ltd reached a settlement of £57.75m to conclude the Horizon litigation claim. This was fully funded by Post Office Ltd under the new Chief Executive Officer Nick Read. Post Office Ltd led the mediation and the Government was not party to it, although we closely monitored the situation during the legal proceedings. The settlement was approved by Government in accordance with the governance arrangements between Government and Post Office. -
Uk Government Investments
UK GOVERNMENT INVESTMENTS Peter Montagnon Associate Director, Institute of Business Ethics Board Member, Hawkamah Government ownership of businesses properly it can help to strike a good balance always involves some risk of conflict of between the objectives of public policy and interest. Either the politicians that control the requirement for efficiency that delivers the business may push decisions that value to the public. UK Government benefit them personally or serve short Investments (UKGI) provides one example term political interests at the expense of of how this challenge can be met. the broader community. Or those that run it may seek to benefit themselves Despite the wave of privatisation during by exploiting what is often a monopoly the Thatcher years, the British government position at the expense of the public. still owns a wide portfolio of businesses, ranging from the Nuclear Decommissioning This is an important reason why governance Authority which is responsible for the clean- matters in state-owned enterprises. Done up of nuclear waste, to the Met Office which the hawkamah journal a journal on corporate governance & leadership issue09 28 provides weather forecasts, to Channel UKGI describes its purpose as being 4 television, the Land Registry which the government’s centre of excellence records the ownership of land throughout in corporate finance and corporate the country through to UK Export Finance governance. Its principal objectives are to: which guarantees trade deals. Following the financial crisis of 2007-08, it also found • Act as a shareholder for those arm’s itself a leading owner of some leading length bodies of the UK government banks and of the assets of lesser banks that are structured to allow a meaningful which had failed. -
Postal Services in Scotland
House of Commons Scottish Affairs Committee Postal Services in Scotland First Report of Session 2010–11 Volume I: Report, together with formal minutes, published on 30 December 2010. Volume II: Oral and written evidence, published on 9 January 2011. Ordered by the House of Commons to be printed 21 December 2010 HC 669 (-I and –II) Published on 9 January 2011 by authority of the House of Commons London: The Stationery Office Limited £17.50 The Scottish Affairs Committee The Scottish Affairs Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Scotland Office (including (i) relations with the Scottish Parliament and (ii) administration and expenditure of the offices of the Advocate General for Scotland (but excluding individual cases and advice given within government by the Advocate General)). Current membership Mr Ian Davidson (Labour/Co-op, Glasgow South West) (Chair) Fiona Bruce (Conservative, Congleton) Mike Freer (Conservative, Finchley and Golders Green) Cathy Jamieson (Labour/Co-op, Kilmarnock and Loudoun) Jim McGovern (Labour, Dundee West) David Mowat (Conservative, Warrington South) Fiona O’Donnell (Labour, East Lothian) Simon Reevell (Conservative, Dewsbury) Mr Alan Reid (Liberal Democrat, Argyll and Bute) Lindsay Roy (Labour, Glenrothes) Dr Eilidh Whiteford (Scottish National Party, Banff and Buchan) The following members were also members of the committee during the Parliament: Mark Menzies (Conservative, Fylde) Julian Smith (Conservative, Skipton and Ripon) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No. 152. These are available on the Internet via www.parliament.uk.