The new Department for Business, Innovation and Skills (DBIS) was formed in June 2009 by the merger of the Department for Business, Enterprise and Regulatory Reform (BERR) and the Department for Innovation, Universities and Skills (DIUS). This report looks back on the last departmental report of the old Department for Business, Enterprise and Regulatory Reform and considers the progress made in moving forward the new Department. The Committee welcomes the creation of the new Department which brings under one roof the business and further and higher education sectors. The Committee believes this could deliver significant potential benefits. The report examines the merger process, the delivery agencies, public service agreements and departmental strategic objectives, and future departmental reports and resource accounts. The report also focuses on the Automotive Assistance Scheme, designed primarily to support investment in low carbon plant and research and development. It welcomes the lowering of the limit of the Scheme from £5 million to £1 million, in line with its recommendation made in July, but is deeply concerned that not a single loan or loan guarantee has been made under the programme. The Committee calls on the Government to expedite its negotiations, and prove to the Committee and the automotive industry that the Scheme can provide tangible benefits to companies in the sector.

Despite a renewed focus by government on the financing challenges facing small and medium-sized enterprises (SMEs), there is scope for the range of funding initiatives currently in place to work as a more unified programme, according to the National Audit Office. Preparations for the Business Bank, which was publicly launched in October 2013 but will start operating as an independent entity in 2014, prompted the Department for Business, Innovation & Skills (BIS) to re-examine the nature of the finance problems facing SMEs. These include a possible need by SMEs by 2017 for an additional £22 billion over and above the finance available to them. BIS and HM Treasury are able to draw on an increasingly strong body of data to inform decision-making, including Bank of England reports on credit conditions, the SME business barometer and aggregated information from the British Bankers' Association on loan applications and approvals. At present, although BIS and HM Treasury both have teams dealing with 'enterprise' policy, there is no formal research programme joining the Departments with other departments, such as HMRC, with an interest in SMEs. One of the Treasury's priorities is to support the development of new routes to finance for SMEs, while BIS schemes target specific parts of the market. To date, the Departments have not articulated clearly enough what the various schemes are expected to deliver as a programme. The NAO found that BIS-led schemes such as the Enterprise Finance Guarantee and Start-Up Loans provided direct support to around 5,900 firms in 2012-13, and the current schemes are generally performing positively in terms of meeting the largely activity-based success measures set for them. BIS has also taken steps to provide better explanations to SMEs on the options available to them for financing their business, but raising the profile of the help available will be a challenge for the Business Bank.

The 2010 Spending Review required most departments to make cost savings, which would require staff reductions. Departments have reduced their number of employees to around 35,000 in 2011, nearly 18,000 of which have been achieved through early departures. If these staff reductions achieved and planned, are to be sustainable then they will need to be supported by a redesign of the way business is carried out. The Committee is not convinced that all departments are putting in place the fundamental redesign in working practices that is needed to operate permanently with a lower number of staff and this with the pace and scale of reductions means that there is a real risk to departments' ability to deliver services. And there concern about the lack of clear information to track the extent to which this risk is materialising. Without this information it is difficult to know to what extent services are being adversely affected by staff departures. The efficiency of early departures has been hampered by poor management information. Departments are considering individuals' performance when making decisions on staff departures. But the quality of data in performance appraisals has not been detailed enough to support this decision-making. The Committee considers that improving the quality and consistency of performance appraisal arrangements would bring both efficiency savings and better decision-making about the management of the workforce. The Treasury is responsible for signing off any individual exit payments that exceed the terms of the compensation scheme. It was discovered that the Treasury does not keep proper records of such requests and the Committee expects to see this rectified. The Cabinet Office estimates that around half of the required headcount reduction is yet to come and this is likely to be more challenging as the more achievable cuts have already been made and future cuts are likely to involve more compulsory redundancies.

The Government's draft Consumer Rights Bill has the potential to consolidate, simplify and modernise consumer law however issues and inconsistencies must be resolved. The current proposals would apply a statutory right that services under a contract must be provided with reasonable care and skill [a fault-based standard]. This does not provide sufficient consumer protection. The Draft Bill should require that services must achieve the stated result, or one which could be reasonably expected [an outcomes-based standard]. As the Bank of Ireland case demonstrated, the right to terminate a contract does not necessarily protect consumers from detriment. This report recommends an addition to the grey list - the indicative list of contract terms which may be regarded as unfair. The Government's proposals for enhanced consumer measures, which would require traders that have breached consumer law to compensate consumers, are welcome. However, private enforcers should also be able to use them. The collective proceedings regime has the potential to improve access to redress for victims of competition law breaches but the Government must clarify the certification requirements for such proceedings. The creation of rights and remedies for digital content is welcome, but the Government must do more to communicate how the proposals will work in practice. Under the draft Bill, the remedies available to consumers of digital content would depend on whether the content is intangible (such as a music download) or tangible (such as a CD). In appropriate circumstances, consumers should have the right to reject and obtain a refund irrespective of whether they purchase intangible or tangible digital content

The 2008 financial crisis has become one of the defining features of the twenty first century’s first decade. The series of events which unfolded in the aftermath of the crisis has exposed major structural flaws in many of the financial systems around the globe, triggering a global call for legal and regulatory reforms to address the problems that have been uncovered. This book deals with a neglected angle of the 2008 financial crisis looking in-depth at the implicit effects of the 2008 crisis on the UK financial market. The book considers new trends in finance which have emerged since the crisis as well as the challenges faced by some older practices in the UK financial markets. After providing a reflective account of the history of law and creditors in the UK the book investigates the proliferation of certain forms of financing that have recently become very visible parts of the UK financial market’s structure, such as high cost short term lending and peer to peer lending. It provides legal and economic accounts of these forms of alternative lending, charting their developments, current status and critically assesses their impact on the UK financial market. Also examined are the ongoing funding difficulties faced by Small and Medium Enterprises (SMEs) and the suitability of the UK current legal framework to support these institutions. The book goes on to look at the viability and safety of some other post crisis trends such as banks use of Contingent Convertible Bonds (CoCos) to improve their resilience.

Britain needs to nurture a new approach for economic success. Economic change needs to be achieved in ways that are more inclusive in terms of society and sustainable and resilient in terms of the natural environment. One ingredient for this is to harness innovation trends that encourage far stronger doses of economic collaboration. We call this the co-operative advantage.

A comprehensive guide to all the main labour market initiatives and agencies combining education and employment in the UK, this encyclopaedia presents an historical progression from the Guilds and Statute of Artifices in 1563 through to present day initiatives and changes. Fully cross-referenced throughout, with a full list of acronyms, bibliographic and internet resources, the encyclopaedia includes: Detailed descriptions of all major government initiatives connecting education, training and employment Documentation covering England, Northern Ireland, Scotland and Wales, and initiatives in Ireland up to Irish independence A brief history of education and employment in the UK Chronological history of Government Departments Outlines of all major public agencies and qualifications An extensive glossary of acronyms Information on rarely recorded and inaccessible historical documents With over 1500 entries, this encyclopaedia crosses knowledge boundaries providing for the first time an integrated map of national human capital development. It addresses: preschool initiatives, primary, secondary, further and higher education; vocational education and training; labour market interventions including those designed to return people to employment; and, government strategies designed to enhance economic and technological competitiveness. The cross-referenced structure provides connections to associated items and a chronological tracing of agencies and initiatives. This encyclopaedia will appeal to those involved in all aspects of education, training, employment, careers information, advice and guidance; and policy making.

This book presents the fundamentals of wireless communications and services, explaining in detail what RF spectrum management is, why it is important, which are the authorities regulating the use of spectrum, and how is it managed and enforced at the international, regional and national levels. The book offers insights to the engineering, regulatory, economic, legal, management policy-making aspects involved. Real-world case studies are presented to depict the various approaches in different countries, and valuable lessons are drawn. The topics are addressed by engineers, advocates and economists employed by national and international spectrum regulators. The book is a tool that will allow the international regional and national regulators to better manage the RF spectrum, and will help operators and suppliers of wireless communications to better understand their regulators.

Supply estimates are the means by which the Government seeks from Parliament sufficient funds and parliamentary authority for the bulk of departmental expenditure each year. In the course of the year the Government may need to ask Parliament for additional resources and/or cash. This volume contains 32 supplementary estimates and one new estimate.

Royal assent, 26 March 2013. An Act to authorise the use of resources for the years ending with 31 March 2010, 31 March 2011, 31 March 2012, 31 March 2013 and 31 March 2014; to authorise the issue of sums out of the Consolidated Fund for the years ending with 31 March 2013 and 31 March 2014; and to appropriate the supply authorised by this Act for the years ending with 31 March 2010, 31 March 2011, 31 March 2012 and 31 March 2013