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228952

	registered interest
	date	23/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what is their assessment of the practical impact on United Kingdom productivity of net migration of 165,000 per year over the next five years.
	tabling member printed	Lord Green of Deddington
	uin	HL5917
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>The government does not forecast either UK GDP or GDP per capita. The independent OBR in the March 2015 Economic and Fiscal Outlook (EFO) used the central ONS migration population projection. The ONS central migration projection is for net migration of 165,000 a year in 2018/19 and 2019/20. In the March 2015 EFO the OBR forecast that UK GDP per capita for those aged 16 and over will increase by 9.2% total between 2014 and 2019.</p><p> </p><p> </p><p> </p><p>In order to inform policy making, the government reviews and notes the wider evidence on the economic and productivity impacts of immigration on an ongoing basis. This evidence base includes the wider academic literature, and a range of reports commissioned or produced by the government looking at specific impacts, for example those produced by the independent Migration Advisory Committee. In addition, policies that influence migration are assessed using the government's impact assessment process which models the economic impact of the policy change using assumptions based on a range of evidence and the academic literature. Home Office Impact Assessments are published on gov.uk.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL5915 question first answered 26/03/2015 13:57:25 answering member 4262 label Biography information for Lord Deighton
	tabling member	4346 label Biography information for Lord Green of Deddington

389709

	registered interest
	date	14/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the sustainable rate of productive potential in the UK economy.
	tabling member constituency	Ross, Skye and Lochaber
	tabling member printed	Ian Blackford
	uin	7048
	answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>In 2010 the government established the Office for Budget Responsibility (OBR) to provide independent and authoritative analysis of the UK’s public finances.</p><p> </p><p> </p><p> </p><p>The OBR forecast in July 2015 that potential productivity will grow by 1.4 per cent in 2015, 1.8 per cent in 2016, 2.0 per cent in 2017, 2.1 per cent in 2018 and 2.2 per cent thereafter.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:41:07 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4390 label Biography information for Ian Blackford

425628

	registered interest
	date	03/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effects (a) to date and (b) in the future of the institutes of technology on UK productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	14606
	answer	answer is ministerial correction date of answer 06/11/2015 answer text <ol><li>This government’s Productivity Plan responds to the UK's long-standing productivity gap compared to other some countries. The Institutes of Technology will seek to improve the UK’s performance on intermediate professional and technical skills. It will focus on the higher level skills employers demand, and will provide high-standard provision at levels 3, 4 and 5 – as part of a transformed skills system which is better able to meet local economic needs.</li></ol><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 06/11/2015 14:59:09 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

426178

	registered interest
	date	04/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to increase productivity in 2015-16.
	tabling member constituency	East Ham
	tabling member printed	Stephen Timms
	uin	14682
	answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>Boosting productivity is vital for the UK’s living standards in the long term and the government is committed to tackling the UK’s long history of poor productivity growth. In July the government published “Fixing the foundations: Creating a more prosperous nation” – a 15 point plan for productivity growth in the UK over the next decade.</p><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 09/11/2015 14:46:03 answering member 1526 label Biography information for Greg Hands
	tabling member	163 label Biography information for Sir Stephen Timms

426324

	registered interest
	date	04/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, who has overall ministerial responsibility for meeting the objectives set out in Fixing the foundations: creating a more prosperous nation, Cm9098, published in July 2015.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	14839
	answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>The Chancellor of the Exchequer and Secretary of State for Business, Innovation and Skills have overall responsibility for meeting the objectives set out in “Fixing the foundations: creating a more prosperous nation”.</p><br /><p>The Cabinet Committee on Economic Affairs, chaired by the Chancellor of the Exchequer and attended by Secretary of State for Business, Innovation and Skills, is ultimately responsible for tracking and driving forward these objectives.</p><br /><p>Lord O’Neill, Commercial Secretary to the Treasury, has day to day responsibility for implementing the commitments.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 09/11/2015 14:46:59 answering member 1526 label Biography information for Greg Hands
	tabling member	4505 label Biography information for Peter Kyle

426479

	registered interest
	date	05/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of proposed changes to (a) the student loans system and (b) maintenance grants on productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15186
	answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>The government’s system of student support enables students to cover the costs of studying at university. At Summer Budget 2015, we announced that maintenance grants would be replaced by more generous maintenance loans and that we would consult on freezing the repayment threshold for loan repayments. These measures help create a financially secure Higher Education system, allowing the government to remove the student numbers cap and enable more students to go to university than ever before.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 10/11/2015 15:30:07 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

426480

	registered interest
	date	05/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to paragraph 5 of his Department's document Fixing the foundations: creating a more prosperous nation, Cm9098, published in July 2015, what analysis his Department has made of the effects of changes to vehicle excise duty and the creation of a roads fund on UK productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15180
	answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>The reform of VED announced at the Summer Budget delivers long-term revenue sustainability whilst simplifying the current system. This reform enabled the government to set up a Roads Fund, which from 2020-21 will provide the necessary funding for a high performing road network that is as efficient as possible. This is vital for efficient running of business and enabling connections to bigger markets and labour pools.</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 10/11/2015 15:05:35 answering member 3969 label Biography information for Damian Hinds
	tabling member	4253 label Biography information for Seema Malhotra

427014

	registered interest
	date	09/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of increasing the provision of export finance in productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15551
	answer	answer is ministerial correction date of answer 16/11/2015 answer text <p>Trade increases UK productivity by allowing firms to specialise in sectors in which the UK has a comparative advantage, and through exposure to new ideas and international competition.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/11/2015 16:02:26 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

427015

	registered interest
	date	09/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how the British Business Bank will support UK productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15388
	answer	answer is ministerial correction date of answer 16/11/2015 answer text <p>The British Business Bank aims to make finance markets work better for smaller businesses. The Bank’s work improves productivity by encouraging investment and promoting a dynamic economy.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/11/2015 16:03:22 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

428352

	registered interest
	date	16/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps the Government is taking to ensure that an approach supply of finance to productive investment is available to help increase productivity.
	tabling member constituency	Leeds East
	tabling member printed	Richard Burgon
	uin	16397
	answer	answer is ministerial correction date of answer 19/11/2015 answer text <p>The government is committed to boosting productivity growth and narrowing the gap with other leading advanced economies. In July 2015 the government published ‘Fixing the Foundations: Creating a more prosperous nation’; a comprehensive plan that sets the agenda to reverse the UK’s long-term productivity problem.</p><br /><p>The financial services sector has a dual role in supporting UK productivity. As well as its own productivity performance, it is critical for supporting the rest of the economy, allocating resources and facilitating long term productive investment. In the latest remit letter to the Financial Policy Committee of the Bank of England, the Chancellor highlighted the importance of a stable financial system providing finance for productive investment.</p><br /><p>To promote the provision of finance to support productive investment, it is important that it can be measured accurately. The Bank of England, working with HM Treasury, have initiated research to create a better measurement of ‘finance for productive investment’ covering all asset classes and all stages of finance, with a view to publishing the data on a regular basis.</p><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 19/11/2015 16:48:39 answering member 1526 label Biography information for Greg Hands
	tabling member	4493 label Biography information for Richard Burgon