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1585446

	registered interest
	date	08/02/2023
	answering body	Department for Business and Trade
	answering dept id	214
	answering dept short name	Business and Trade
	answering dept sort name	Business and Trade
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business and Trade, what steps she plans to take to support businesses with increasing productivity.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	142766
	answer	answer is ministerial correction date of answer 24/02/2023 answer text <p>The Government’s ‘Help to Grow’ scheme is helping small and medium sized (SME) businesses across the UK learn new skills, reach more customers and boost profits and productivity.</p><p> </p><p>Furthermore, the 38 Growth Hubs (led and governed by Local Enterprise Partnerships) provide all businesses, regardless of size or sector, with advice support via a free, impartial, “single point of contact”.</p><p> </p><p>They simplify the local business support landscape, bringing together organisations involved in the provision of business support from across the public and private sectors to develop and deliver integrated national and local business-facing programmes, services, and campaigns.</p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake question first answered 24/02/2023 09:28:54 answering member 4474 label Biography information for Kevin Hollinrake
	tabling member	4471 label Biography information for Rachael Maskell

1148150

	registered interest
	date	03/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth can be attributed to financial technology in the last five years.
	tabling member constituency	Woking
	tabling member printed	Mr Jonathan Lord
	uin	294159
	answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote Fintech can be found in the Fintech Sector Strategy, published in March 2018.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 08/10/2019 07:55:59 answering member 4655 label Biography information for Sir Simon Clarke
	tabling member	4090 label Biography information for Mr Jonathan Lord

1064051

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he has taken to increase the productivity of the UK economy.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	223249
	answer	answer is ministerial correction date of answer 22/02/2019 answer text <p>Autumn Budget announced the next steps we are taking to boost productivity. This includes increasing the National Productivity Investment Fund to more than £37bn to fund important investments in our infrastructure. We are also setting up the National Roads Fund which will provide vital improvements to our road network, piloting new approaches to rural fibre rollout, and supporting new technologies such as artificial intelligence.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:43:02 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064082

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in economic productivity in the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	223482
	answer	answer is ministerial correction date of answer 22/02/2019 answer text <p>The only sustainable way to raise wages, boost living standards, and increase growth is to boost UK productivity.</p><p> </p><p>Since 2010 we have provided over half a trillion pounds in capital investment, increased investment in skills, and reduced taxes for businesses. At the Autumn Budget, we took further action to increase productivity.</p><p> </p><p>Productivity grew by 0.2% in the last quarter (Q4 2018) and is now 1.9% above its pre-crisis peak. Slow productivity growth since the crisis has not been a phenomenon exclusive to the UK, but across the G7.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:45:12 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064083

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth in the last five years can be attributed to financial technology.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	223494
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote FinTech can be found in the FinTech Sector Strategy, published in March 2018.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 27/02/2019 16:00:31 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

776328

	registered interest
	date	18/10/2017
	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 his Department is taking to improve regional productivity.
	tabling member constituency	Warrington South
	tabling member printed	Faisal Rashid
	uin	901381
	answer	answer is ministerial correction date of answer 24/10/2017 answer text <p>Increasing the productivity of every region in the UK is very important to the Government. We are committed to building a more balanced economy, by devolving powers and investing in every region.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 24/10/2017 14:12:11 answering member 3996 label Biography information for Andrew Jones
	tabling member	4670 label Biography information for Faisal Rashid

830363

	registered interest
	date	25/01/2018
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions , what assessment she has made of the effect on productivity of (a) absence as a result of stress or mental ill health and (b) presenteeism over the last three years.
	tabling member constituency	Vale of Clwyd
	tabling member printed	Chris Ruane
	uin	124929
	answer	answer is ministerial correction date of answer 01/02/2018 answer text <p><em>Thriving at Work; The Stevenson/Farmer Review of mental health and employers</em>, published in October 2017, sets out a compelling business case for employers to support their staff’s mental health. In the review, an independent study on the cost to employers of poor employee mental health commissioned from Deloitte found that:</p><ul><li>There is a large annual cost to employers of between £33 billion and £42 billion (with over half of the cost coming from presenteeism – when individuals are less productive due to poor mental health in work) with additional costs from sickness absence and staff turnover.</li><li>The cost of poor mental health to Government is between £24 billion and £27 billion. This includes costs in providing benefits, falls in tax revenue and costs to the NHS.</li><li>The cost of poor mental health to the economy as a whole is more than both of those together from lost output, at between £74 billion and £99 billion per year.</li></ul><p>The Government’s full response to the review is included in <em>Improving Lives: The Future of Work Health and Disability</em> where we set out a broad ranging strategy to further support disabled people and people with health conditions – including mental health conditions - to enter and thrive in work.</p><p> </p> answering member constituency Truro and Falmouth answering member printed Sarah Newton question first answered 01/02/2018 14:49:56 answering member 4071 label Biography information for Sarah Newton
	tabling member	534 label Biography information for Chris Ruane

677458

	registered interest
	date	23/01/2017
	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 his Department is taking to ensure continuing growth in productivity and manufacturing output in 2017.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	61262
	answer	answer is ministerial correction date of answer 27/01/2017 answer text <p>The government has taken policy action to support continuing growth in productivity and manufacturing by encouraging investment and boosting UK competitiveness, including committing to cutting corporation tax from 28% in 2010 to 17% by 2020 and increasing the number of apprenticeships.</p><p> </p><p>The Autumn Statement went further, with the National Productivity Investment Fund providing an additional £23bn of investment in Housing, Infrastructure and Research &amp; Development.</p><p> </p><p>The government’s recent Green Paper ‘Building our Industrial Strategy’ set out the ten pillars for driving growth and productivity across the country, including supporting businesses to start and grow, developing skills and cultivating our world-leading sectors such as automotive manufacturing.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/01/2017 11:01:44 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4131 label Biography information for Jim Shannon

731300

	registered interest
	date	21/06/2017
	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 his Department has made of the potential effect on the level of UK GDP of the UK leaving the EU prior to the conclusion of any deal with the EU.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	153
	answer	answer is ministerial correction date of answer 26/06/2017 answer text <p>Government has undertaken a significant amount of work to assess the economic impacts of leaving the EU. This is part of our continued programme of rigorous and extensive analytical work on a range of scenarios on a sector by sector basis.</p><p> </p><p>All departments need to prepare not just for a negotiated settlement, but also for the no deal scenario. We are confident that we will secure a good deal for the UK, but are prepared should there be no deal.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/06/2017 15:17:23 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4131 label Biography information for Jim Shannon

747620

	registered interest
	date	03/07/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government is addressing the regional productivity gap in each region and constituent part of the UK.
	tabling member constituency	Stirling
	tabling member printed	Stephen Kerr
	uin	2585
	answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The objective of Government’s Industrial Strategy is to increase productivity and drive growth across the United Kingdom. We have provided a framework to build on the strengths of different places and address the factors that hold others back. This will include investing in key infrastructure projects, increasing skill levels, and backing local innovation strengths.</p><p>The Industrial Strategy will build on the £12 billion Local Growth Fund (2015-16 to 2020-21) for local areas; 8 Devolution Deals; and 48 Enterprise Zones that will unlock £2.7 billion of private sector investment. We have also agreed ambitious city deals in Scotland and Wales and we will work towards further such deals across the Devolved Administrations.</p> answering member constituency Stourbridge answering member printed Margot James question first answered 11/07/2017 15:16:49 answering member 4115 label Biography information for Margot James
	tabling member	4604 label Biography information for Stephen Kerr