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answer › question first answered	2019-02-19T16:20:51.443Z
min question first answered	2018-11-20T15:31:59.637Z
answer date	2019-02-13
session	2017/19

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1058997

human indexable

published

registered interest

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13/02/2019

date

11/02/2019

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11/02/2019

ddp created

11/02/2019 21:28:39

answering body

Department for Business, Energy and Industrial Strategy

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Tabled

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201

answering dept short name

Business, Energy and Industrial Strategy

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Business, Energy and Industrial Strategy

ddp modified

11/02/2019 21:52:37
19/02/2019 16:55:05

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Small Businesses

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219558

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25259

	pref label	House of Commons

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question first answered

19/02/2019 16:20:51

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of the UK moving from 4th to 9th in the World Bank’s Ease of Doing Business index on the viability of small businesses.

session

2017/19

session number

tabling member constituency

Slough

tabling member printed

Mr Tanmanjeet Singh Dhesi

title

House of Commons Tabled Parliamentary Question 2017/19 219558

type

WrittenParliamentaryQuestion

uin

219558

version

written parliamentary question type

Ordinary

answer

answer text

The UK’s 2019 Ease of Doing Business score of 82.65 currently is higher than the average of the OECD high income economies, which is 77.80. The World Economic Forum Global Competitiveness Index ranks the United Kingdom 8 out of 140 countries, and in December 2018 Forbes Magazine nominated the UK as the best country in the world for business out of 161 countries. Through our modern Industrial Strategy, we are focused on maintaining and improving our first-class business environment. We are cutting corporation tax and reforming Business Rates to link them to the Consumer Price Index (CPI) and exempt 655,000 firms all together. We have introduced the new Streamlined Company Registration Service, to ease administrative burdens on new businesses and are exempting small and micro-businesses from regulation where possible and desirable. More widely, we are providing over £5.5 billion of finance to almost 78,000 smaller UK businesses through programmes operated by the Government-owned British Business Bank. We have created the Small Business Commissioner (SBC) with powers to tackle unfair payment practices; in the first year SBC has returned £2.1million to SMEs in payment disputes.

question first answered

19/02/2019 16:20:51

answering member

4487

creator

4638

	label	Biography information for Mr Tanmanjeet Singh Dhesi

publisher

25259

	pref label	House of Commons

tabling member

4638

	label	Biography information for Mr Tanmanjeet Singh Dhesi