Adam Afriyie
MP for Windsor
The UK should be open-minded about alternative currencies, says Adam Afriyie

Adam Afriyie today reacted to George Osborne’s plans to make Britain a “global centre of financial innovation”.

Yesterday the Chancellor announced that he’d commission a review to explore the potential role that cryptocurrencies could play in the UK.

Adam Afriyie, MP for Windsor, said:

“The UK must remain a global centre for financial innovation and I very much welcome the jobs and prosperity these plans can bring.

“There is a large global market for cryptocurrencies, and this is something we must consider taking advantage of. Having pioneered “sukuk” Islamic bonds, we have a good track record in bringing innovative and flexible financial services to market.

Ruling out an offshore airport would be a mistake
Heathrow meeting
Adam attending a Heathrow public meeting

Is Sir Howard Davies about to rule out an offshore airport? That would be a catastrophic error; a premature, short-sighted decision that lacks the vision necessary to ensure Britain is a powerhouse of world trade once again.

If Britain is going to be a modern, forward-thinking, trading nation once again, we’ll need three, perhaps five, runways over the next few decades. That is why I’ve urged the Airport Commission to include the offshore option in their final report in an article on the Huffington Post today.

Read the article on the Huffington Post

Adam Afriyie welcomes tax cut for businesses, charities and clubs in Windsor

Adam Afriyie has welcomed new figures showing that 109,000 businesses in the South East have benefited from the new Employment Allowance.

The allowance takes up to £2,000 off the National Insurance bill of every employer in the country, and means a business can now hire someone on £22,400 a year without paying any Employers’ National Insurance at all.

Adam Afriyie, MP for Windsor, said:

“Cutting this pernicious Jobs Tax will help businesses create jobs in Windsor, Berkshire and across the country. More people will now have the added security of a regular monthly wage, so they can pay their bills and look after their families.

Smart meters are not so smart

The Government plans to roll-out smart meters across the UK. These meters will record the amount of gas and electricity you use minute-by-minute in your house, as well as how much it costs. This information will help us make an informed choice about our energy supplier – but is it worth the £11bn price tag?

There are now cheaper, more efficient technological solutions for recording and relaying this energy data. How about accessing this information through a smartphone app rather than an in-home display? In light of technological developments, the Government should now strongly reconsider the smart meter roll-out as I’ve written in an article for The Register this morning.

Read the article on The Register

Adam Afriyie welcomes ambition to reduce energy supplier switching time to 24 hours

Adam Afriyie today welcomed the Government’s ambitions to reduce the time it takes to switch energy supplier to 24 hours. The Minister confirmed that this was the Government’s ambition in reply to a parliamentary question.

Adam Afriyie, MP for Windsor, said:

“I know from bitter experience that it can take weeks and reams of paperwork to change your gas or electricity company. This is bad for competition because it means we often just stick with the same old monopolistic energy suppliers.