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971554

	registered interest
	date	11/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	What steps he is taking to support economic growth.
	tabling member constituency	Bolton West
	tabling member printed	Chris Green
	uin	906799
	answer	answer is ministerial correction date of answer 11/09/2018 answer text The best way to drive economic growth is to raise productivity. Since 2010, this Government has provided over half a trillion pounds in capital investment, increased investment in skills, and reduced taxes for businesses. Lower taxes provide a strong incentive for businesses to invest in raising their productivity. Tax cuts include reductions to business rates worth over £10bn by 2023, freezing fuel duty for 8 years running, increasing R&D tax credits, and cutting corporation tax. answering member constituency Salisbury answering member printed John Glen question first answered 11/09/2018 16:10:51 answering member 4051 label Biography information for John Glen
	tabling member	4398 label Biography information for Chris Green

1489662

	registered interest
	date	15/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the OECD's United Kingdom Economic Snapshot published in June 2022, what assessment he has made of the implications for the UK economy of the zero per cent growth forecast for GDP in 2023.
	tabling member constituency	Leeds West
	tabling member printed	Rachel Reeves
	uin	37485
	answer	answer is ministerial correction date of answer 20/07/2022 answer text <p>I refer the Honourable Member to the answer I gave to PQ UIN 37482.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/07/2022 13:54:15 answering member 3912 label Biography information for Richard Fuller
	tabling member	4031 label Biography information for Rachel Reeves

1489659

	registered interest
	date	15/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the OECD's United Kingdom Economic Snapshot published in June 2022, what assessment he has made of the implications for his Department’s policies over the next twelve months of the zero per cent growth forecast for GDP in 2023.
	tabling member constituency	Leeds West
	tabling member printed	Rachel Reeves
	uin	37482
	answer	answer is ministerial correction date of answer 20/07/2022 answer text <p>Annual growth in 2021 was the fastest in the G7, and GDP data for Q1 2022 showed the UK had the joint fastest growth in the G7.</p><p> </p><p>The Office for Budget Responsibility are the government’s official forecaster, and they will update their forecasts for UK GDP in the Autumn.</p><p> </p><p>Like other advanced economies, the UK is affected by global economic challenges, including the unprovoked Russian invasion of Ukraine. Support provided over the past two years has put the UK economy in a good position to deal with these challenges, with a record number of employees on payrolls and a strong economic recovery from the pandemic.</p><p> </p><p>The government has also taken significant action to support households with the cost of living, totalling around £37bn this year.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/07/2022 13:57:44 answering member 3912 label Biography information for Richard Fuller
	tabling member	4031 label Biography information for Rachel Reeves

1543675

	registered interest
	date	18/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to paragraph 5.69 in the Autumn Statement, CP751, published on 17 November 2022, what retained EU law the Government has identified as a barrier to growth in (a) life sciences, (b) digital technology and (c) advanced manufacturing.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	90804
	answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Silicon Valley is respected across the world as a dynamic centre of technology innovation that creates jobs and high wages. Our ambition is to enable similar world-leading growth industries to succeed in the UK.</p><p> </p><p>At the Autumn Statement, to help remove barriers to growth, the government committed to move rapidly to review retained EU law including in named key growth industries. The government committed to identify changes that can be made over the next year.</p><p>In addition to regulation, the Autumn Statement announced numerous measures to support key growth sectors, for example, recommitting to increasing publicly funded R&amp;D to £20 billion by 2024-25. Regulation plays an important role in the sectors named in the Autumn Statement, and, in general, these sectors are around 20% of UK output and have driven around 30% of UK growth since 1998. They have above average productivity, and cover goods and services where the UK has a relatively high share of world exports.</p><p> </p><p>By moving rapidly to review EU law to identify changes that can be made over the next year with the greatest potential to unlock growth, the government will be supporting key growth industries to be even more dynamic.</p> answering member constituency South Suffolk answering member printed James Cartlidge grouped question UIN 90798 90801 90809 90810 question first answered 23/11/2022 17:42:21 answering member 4519 label Biography information for James Cartlidge
	tabling member	4124 label Biography information for Chi Onwurah

1543681

	registered interest
	date	18/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to paragraph 5.69 in the Autumn Statement, CP751, published on 17 November 2022, how the five key growth industries were identified.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	90809
	answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Silicon Valley is respected across the world as a dynamic centre of technology innovation that creates jobs and high wages. Our ambition is to enable similar world-leading growth industries to succeed in the UK.</p><p> </p><p>At the Autumn Statement, to help remove barriers to growth, the government committed to move rapidly to review retained EU law including in named key growth industries. The government committed to identify changes that can be made over the next year.</p><p>In addition to regulation, the Autumn Statement announced numerous measures to support key growth sectors, for example, recommitting to increasing publicly funded R&amp;D to £20 billion by 2024-25. Regulation plays an important role in the sectors named in the Autumn Statement, and, in general, these sectors are around 20% of UK output and have driven around 30% of UK growth since 1998. They have above average productivity, and cover goods and services where the UK has a relatively high share of world exports.</p><p> </p><p>By moving rapidly to review EU law to identify changes that can be made over the next year with the greatest potential to unlock growth, the government will be supporting key growth industries to be even more dynamic.</p> answering member constituency South Suffolk answering member printed James Cartlidge grouped question UIN 90798 90801 90804 90810 question first answered 23/11/2022 17:42:21 answering member 4519 label Biography information for James Cartlidge
	tabling member	4124 label Biography information for Chi Onwurah

1699070

	registered interest
	date	26/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his speech to the Conservative Party conference on 2 October 2023, on what evidential basis he said that the UK was one of the fastest growing European G7 countries since the date of the EU referendum.
	tabling member constituency	East Devon
	tabling member printed	Simon Jupp
	uin	20815
	answer	answer is ministerial correction date of answer 17/04/2024 answer text <p>The calculations underlying this statistic were based on public information available on the 29 September 2023, including quarterly GDP data published by the <a href="https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna" target="_blank">Office for National Statistics</a> for the UK and <a href="https://data-explorer.oecd.org/vis?pg=0&amp;bp=true&amp;snb=31&amp;tm=gdp%20growth&amp;vw=tb&amp;df%5bds%5d=dsDisseminateFinalDMZ&amp;df%5bid%5d=DSD_NAMAIN1%40DF_QNA_EXPENDITURE_GROWTH_G20&amp;df%5bag%5d=OECD.SDD.NAD&amp;df%5bvs%5d=1.0&amp;pd=2016-Q1%2C&amp;dq=Q............&amp;ly%5brw%5d=REF_AREA&amp;ly%5bcl%5d=TIME_PERIOD&amp;ly%5brs%5d=TRANSACTION%2CSECTOR&amp;to%5bTIME_PERIOD%5d=false" target="_blank">OECD data</a> for the remaining G7 European economies.</p><p> </p><p>The data showed that cumulative GDP growth in the UK since the referendum (change on 2016 Q2) through to 2023 Q2 of 8.2% was greater than that of Germany (5.7%) and Italy (4.7%) and slightly lower than France (8.6%).</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/04/2024 09:00:50 answering member 4639 label Biography information for Bim Afolami
	tabling member	4862 label Biography information for Simon Jupp

1545050

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his commitment in the Autumn Statement 2022 to review retained EU law in key growth industries, if he would (a) define the term green industries and (b) set out a timetable and terms of reference for this review.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	94726
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>At the Autumn Statement, to help remove barriers to growth, the Government committed to move rapidly to review retained EU law in named key growth industries, including green. Green industries are central to delivering on our climate and environmental ambitions. Unlocking growth in these industries will establish the UK as a global leader in the technologies required to tackle climate change and reverse the decline in our natural environment. The Government committed to identify changes that can be made over the next year. More information will be published in due course.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 30/11/2022 12:19:14 answering member 4519 label Biography information for James Cartlidge
	tabling member	3930 label Biography information for Caroline Lucas

938631

	registered interest
	date	11/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to hold discussions with the Scottish Government on economic growth in (a) Scotland and (b) the UK.
	tabling member constituency	West Aberdeenshire and Kincardine
	tabling member printed	Andrew Bowie
	uin	163177
	answer	answer is ministerial correction date of answer 17/07/2018 answer text <p>Treasury Ministers have regular discussions with the Scottish Government on matters of importance to both the Scottish and UK economies, and plan to have further discussions in due course.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 17/07/2018 14:19:08 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4601 label Biography information for Andrew Bowie

1122629

	registered interest
	date	24/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to focus on expanding the economy through the (a) technology, (b) manufacturing or (c) exports sectors; and if he will make a statement.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	247004
	answer	answer is ministerial correction date of answer 02/05/2019 answer text <p>The Chancellor has been clear that raising productivity is the only way to expand the economy in the long term. Doing so will mean encouraging growth in the manufacturing sector, boosting the adoption of technology and enabling more British firms to export. That’s why we increased the National Productivity Investment Fund to £37bn at Budget 2018, and have announced a wide range of productivity enhancing measures at previous fiscal events. Most recently this has included £81 million for a new extreme photonics centre in Oxfordshire, £45 million for the European Bioinformatics Institute, and £79 million for a new supercomputer to be hosted at Edinburgh University.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/05/2019 07:20:03 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4006 label Biography information for Dr Matthew Offord

1582946

	registered interest
	date	01/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Growth
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has held recent discussions with the IMF on the UK's projected rate of economic growth.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	137932
	answer	answer is ministerial correction date of answer 08/02/2023 answer text <p>Treasury officials are in regular dialogue with the IMF, including through the UK Delegation to the IMF and bilateral engagement with IMF staff.</p><p>The IMF will conduct an Article IV Mission to the UK in due course.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 08/02/2023 15:49:12 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi