Asked by: Julian Lewis (Conservative - New Forest East)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the technological competitiveness of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
Answered by Nick Hurd
The UK remains open for business and we welcome firms that want to invest in growth here. The UK’s technological innovations, skilled workforce and competitive business environment make it one of the world’s best destinations for investment.
ARM Holdings is a highly respected company who have achieved great things: working with the UK’s Takeover Panel, Softbank have published a set of clear and binding undertakings, including that ARM’s global headquarters would remain in Cambridge and that the UK workforce would at least double if the acquisition is finalised. This provides reassurance that ARM would continue to develop leading-edge technology in the UK as part of the UK technology industry.
Asked by: Julian Lewis (Conservative - New Forest East)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the security of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
Answered by Margot James
I can confirm that the takeover of ARM as currently proposed does not undermine the UK’s national security.
Asked by: Julian Lewis (Conservative - New Forest East)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the proportion of the total annual cost of energy bills in the UK which results from EU legal requirements.
Answered by Amber Rudd
My Department has made no estimate of the effect on annual energy bills in the UK resulting from EU legal requirements. Given that much of EU energy policy supports UK energy and climate objectives it is not possible to attribute particular cost elements of bills wholly to individual EU policies.
Much EU legislation helps to keep down the level of energy bills – EU energy market liberalisation and integration and legislation such as product standards to improve energy efficiency provide significant benefits to UK consumers.