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1064051
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Productivity more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps he has taken to increase the productivity of the UK economy. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223249 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-22more like thismore than 2019-02-22
star this property 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> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-02-22T13:43:02.483Zmore like thismore than 2019-02-22T13:43:02.483Z
unstar this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1064082
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Productivity more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in economic productivity in the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223482 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-22more like thismore than 2019-02-22
star this property 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> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-02-22T13:45:12.233Zmore like thismore than 2019-02-22T13:45:12.233Z
unstar this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1064083
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Productivity more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223494 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-27more like thismore than 2019-02-27
star this property 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> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-02-27T16:00:31.89Zmore like thismore than 2019-02-27T16:00:31.89Z
unstar this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1064084
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Employment more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in the employment rate in the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223495 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-27more like thismore than 2019-02-27
star this property answer text <p>The employment rate is currently at a record high of 75.8%.</p><p> </p><p>There are currently a record 32.5 million people in work. Over the last year, employment growth has been driven almost entirely by high skilled jobs and full-time workers.</p><p> </p><p>Since the 2010 election we’ve seen over 3.5 million more people in employment – equivalent to an average of over 1,000 extra people in work every single day.</p><p> </p><p>This is alongside an unemployment rate which has not been lower since 1975, wages growing at the fastest pace in over a decade, and 9 consecutive months of real wage growth.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-02-27T12:38:42.747Zmore like thismore than 2019-02-27T12:38:42.747Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1064085
star this property registered interest false more like this
star this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Foreign Investment in UK more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the level of Foreign Direct Investment into the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 223496 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-26more like thismore than 2019-02-26
star this property answer text <p>Since 2010 we have significantly lowered the headline rate of Corporation Tax from 28% down to 19% today – the lowest in the G20, with further cuts to 17% legislated by 2020.</p><p> </p><p>We have also created a world-leading offer on creative sector tax reliefs, given significant support for R&amp;D investment through the tax system, and introduced the Patent Box regime to attract international investment in intellectual property to the UK.</p><p> </p><p>These steps have helped to create a highly competitive and FDI-friendly business environment.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-02-26T15:18:46.183Zmore like thismore than 2019-02-26T15:18:46.183Z
unstar this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1082272
star this property registered interest false more like this
star this property date less than 2019-03-05more like thismore than 2019-03-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Individual Savings Accounts more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 228624 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-11more like thismore than 2019-03-11
star this property answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-03-11T14:11:56.867Zmore like thismore than 2019-03-11T14:11:56.867Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
1082273
star this property registered interest false more like this
star this property date less than 2019-03-05more like thismore than 2019-03-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Bank Cards: Fees and Charges more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the comparative merits of flat rate Interchange Fees as opposed to fees proportional to the value of the transaction; and whether his Department plans to exercise section 7 of the Interchange Fee (Amendment) (EU Exit) Regulations 2018 to decrease the per transaction interchange fee. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 228625 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-11more like thismore than 2019-03-11
star this property answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The European Commission is in the process of reviewing the effectiveness of the Interchange Fee Regulation as part of its usual process. The Payment Systems Regulator, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services. The Government has therefore not made a formal assessment of the Interchange Fee Regulation.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
remove maximum value filtermore like thismore than 2019-03-11T14:15:55.147Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
873643
star this property registered interest false more like this
star this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps the Government is taking to encourage financial technology firms to relocate to the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 134757 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-04-18more like thismore than 2018-04-18
star this property answer text <p>The Government is committed to ensuring that the UK is the best place to start and grow a fintech business. The new Fintech Sector Strategy – launched by the Chancellor at the recent HM Treasury-organised International Fintech Conference – sets out the practical steps that have been, and will be, taken to support this commitment. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p><p>The Strategy is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf</a></p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-04-18T14:17:46.29Zmore like thismore than 2018-04-18T14:17:46.29Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
873646
star this property registered interest false more like this
star this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Money Laundering: Cryptocurrencies more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, whether his Department plans to review money laundering regulations to take into account the effect of cryptocurrencies. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 134760 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-04-19more like thismore than 2018-04-19
star this property answer text <p>The Government has committed to bringing digital currencies into the scope of anti-money laundering regulation. The Government anticipates that the Fifth Anti-Money Laundering Directive will enter into force at EU-level in summer of this year, with a transposition deadline of late 2019. This will be during the Implementation Period, and so the UK will transpose this Directive. These amendments bring virtual currency exchanges and custodian wallet providers into the scope of obliged entities. We will consult on any steps the government proposes to take to regulate digital currencies under UK law.</p><p> </p><p>The Government has also recently announced the establishment of the Cryptoassets Taskforce, consisting of HM Treasury, the Bank of England and the Financial Conduct Authority. As part of its work, the Taskforce will consider the risks of cryptoassets and the future responses of the appropriate authorities, including around anti-money laundering regulation.</p><p> </p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-04-19T13:52:02.357Zmore like thismore than 2018-04-19T13:52:02.357Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
964043
star this property registered interest false more like this
star this property date less than 2018-09-03more like thismore than 2018-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Australia more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the effectiveness of the FinTech bridge agreement between the UK and Australia. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 169237 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-10more like thismore than 2018-09-10
star this property answer text <p>The UK’s FinTech Bridge agreements have facilitated positive cross border activity between the UK and our Bridge partner markets, and UK officials work closely with counterparts in each FinTech Bridge market to support firms seeking to export internationally.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property grouped question UIN
169238 more like this
169239 more like this
169240 more like this
169241 more like this
star this property question first answered
less than 2018-09-10T14:39:33.947Zmore like thismore than 2018-09-10T14:39:33.947Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this