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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

1122001

	registered interest
	date	18/04/2019
	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 estimate he has made of the level of increased productivity in the economy.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	245761
	answer	answer is ministerial correction date of answer 30/04/2019 answer text <p>In the long run, the only way to ensure sustainable growth, higher wages and increases in living standards is through raising productivity. The latest data showing an increase in the level of productivity is welcome, however productivity growth remains a key challenge.</p><p> </p><p>The government is tackling this challenge head on; investing over half a trillion pounds in capital investment, cutting taxes for businesses, improving access to finance, increasing the National Productivity Investment Fund to £37bn at Budget 2018 and committing to reform technical education, such as the introduction of T-levels.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 30/04/2019 07:46:33 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4006 label Biography information for Dr Matthew Offord

1127722

	registered interest
	date	21/05/2019
	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	What fiscal steps his Department is taking to increase regional productivity.
	tabling member constituency	Kingston upon Hull North
	tabling member printed	Diana Johnson
	uin	911025
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>The Government is investing in every region to drive jobs and growth, with 3.5 million more people in work since 2010. <br></p><p>Investments include the £2.5bn Transforming Cities Fund and the Local Growth Fund which has invested over £12bn since 2015, including £141m in the Humber Local Enterprise Partnership.</p><p> </p><p>Over 60% of jobs have been created since 2010 have been in regions outside London and the South East.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/05/2019 13:46:00 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1533 label Biography information for Dame Diana Johnson

1132000

	registered interest
	date	13/06/2019
	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, what steps the Government is taking to boost productivity.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	264346
	answer	answer is ministerial correction date of answer 18/06/2019 answer text <p>The Industrial Strategy is our long-term plan to boost productivity by backing businesses to create high-quality, well paid jobs throughout the United Kingdom, with investment in skills, industries and infrastructure. ​​The Industrial Strategy is how we are creating an economy that works for everyone: highly innovative, highly skilled and high quality, supported by low taxation and smart regulation. ​</p><p> </p><p>Through a cross-government programme, Industrial Strategy focuses on:</p><p> </p><ul><li>Strengthening the Foundations of productivity – by encouraging innovation, developing high quality jobs, supporting UK businesses and fostering growth in all parts of the UK.</li><li>Building long-term strategic partnerships with businesses through Sector Deals between government and industry.</li><li>Taking on Grand Challenges in Artificial Intelligence and Data Economy, Clean Growth, Ageing Society and Future of Mobility - society-changing opportunities and industries of the future where the UK can build on its strengths and lead the world.</li></ul> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 18/06/2019 14:51:32 answering member 4044 label Biography information for Andrew Stephenson
	tabling member	1409 label Biography information for Mr Gregory Campbell

1133671

	registered interest
	date	20/06/2019
	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, what assessment he has made of the potential effect of a four day working week on productivity.
	tabling member constituency	Coventry South
	tabling member printed	Mr Jim Cunningham
	uin	267170
	answer	answer is ministerial correction date of answer 26/06/2019 answer text <p>The Department is following trials of the four-day working week closely but has not yet conducted a robust assessment of the impacts.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 26/06/2019 11:52:01 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 125217 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	308 label Biography information for Mr Jim Cunningham

1137367

	registered interest
	date	08/07/2019
	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	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the reasons for the decline in UK productivity over the last three successive quarters; and of the comparative performance of other advanced economies whose productivity is increasing.
	tabling member printed	Lord Birt
	uin	HL16974
	answer	answer is ministerial correction date of answer 17/07/2019 answer text <p>The fall in productivity in 2019 Q1 was predominantly due to a fall in manufacturing productivity of -0.9%. Productivity in the services sector grew by 0.2% over the same period. A similar pattern was observed in 2018 Q4, with services productivity outperforming manufacturing; growing by 0.4% compared to a fall of -1.1% for the latter.</p><p>In terms of international comparisons, based on OECD data, all G7 countries excluding the US (for which data are not yet available) experienced a slowdown in productivity growth in 2018. The UK's productivity growth rate of just over 0.5% in 2018, was the second highest in the G7.</p> answering member printed Lord Henley question first answered 17/07/2019 13:30:38 answering member 2616 label Biography information for Lord Henley
	tabling member	2533 label Biography information for Lord Birt

1143174

	registered interest
	date	02/09/2019
	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 many of the commitments agreed in each sector deal have (a) been met in full, (b) been met in part and (c) not been met.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	284590
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>It has not proved possible to respond to the Rt hon. Member in the time available before Prorogation.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 09/09/2019 16:48:19 answering member 4113 label Biography information for Nadhim Zahawi
	tabling member	478 label Biography information for Lord Field of Birkenhead

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

1169248

	registered interest
	date	07/01/2020
	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	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the reasons for the 0.3 per cent improvement in UK productivity over the last decade; and why UK productivity is below that of other comparable countries.
	tabling member printed	Lord Birt
	uin	HL104
	answer	answer is ministerial correction date of answer 16/01/2020 answer text <p>The UK has a longstanding ‘productivity gap’ with its main competitors. This has been exacerbated in recent years by weak productivity growth, commonly referred to as the ‘productivity puzzle’.</p><p>The slowdown in UK productivity growth in the last decade can largely be attributed to changes in the finance and manufacturing sectors which saw an outsized fall in their productivity growth. Economic shocks and pressures arising from the Financial Crisis and the Euro Area crisis also had a dampening effect on productivity.</p><p>Productivity is the main driver of long-run economic growth. The UK’s ability to improve living standards is almost entirely dependent on its ability to raise productivity. In 2017 the Government published a document on the Industrial Strategy that set out a long-term plan to boost productivity by backing businesses to create good jobs and increase the earning power of people throughout the UK with investment in skills, industries and infrastructure. The Government recently published the Business Productivity Review in response to the Industrial Strategy’s core priority of addressing the UK’s productivity issue.</p><p>Furthermore, the Industrial Strategy Council – an independent, non-statutory advisory group comprised of leading men and women from business, academia and civil society – was created to provide impartial and unbiased evaluation of the Government’s progress in delivering the Industrial Strategy. The Council published its success metrics on its website in Autumn 2019.</p> answering member printed Lord Duncan of Springbank question first answered 16/01/2020 17:21:42 answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	2533 label Biography information for Lord Birt