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1127722
registered interest false more like this
date less than 2019-05-21more like thismore than 2019-05-21
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text What fiscal steps his Department is taking to increase regional productivity. more like this
tabling member constituency Kingston upon Hull North more like this
tabling member printed
Diana Johnson more like this
uin 911025 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-21more like thismore than 2019-05-21
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> more like this
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2019-05-21T13:46:00.197Zmore like thismore than 2019-05-21T13:46:00.197Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
1533
label Biography information for Dame Diana Johnson more like this
1122001
registered interest false more like this
date less than 2019-04-18more like thismore than 2019-04-18
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what estimate he has made of the level of increased productivity in the economy. more like this
tabling member constituency Hendon more like this
tabling member printed
Dr Matthew Offord more like this
uin 245761 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-30more like thismore than 2019-04-30
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> more like this
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2019-04-30T07:46:33.35Zmore like thismore than 2019-04-30T07:46:33.35Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
4006
label Biography information for Dr Matthew Offord more like this
1064051
registered interest false more like this
date less than 2019-02-19more like thismore than 2019-02-19
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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
tabling member constituency Windsor more like this
tabling member printed
Adam Afriyie more like this
uin 223249 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-02-22more like thismore than 2019-02-22
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
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2019-02-22T13:43:02.483Zmore like thismore than 2019-02-22T13:43:02.483Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
1586
label Biography information for Adam Afriyie more like this
1064082
registered interest false more like this
date less than 2019-02-19more like thismore than 2019-02-19
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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
tabling member constituency Windsor more like this
tabling member printed
Adam Afriyie more like this
uin 223482 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-02-22more like thismore than 2019-02-22
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
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2019-02-22T13:45:12.233Zmore like thismore than 2019-02-22T13:45:12.233Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
1586
label Biography information for Adam Afriyie more like this
1064083
registered interest false more like this
date less than 2019-02-19more like thismore than 2019-02-19
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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
tabling member constituency Windsor more like this
tabling member printed
Adam Afriyie more like this
uin 223494 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-02-27more like thismore than 2019-02-27
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
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2019-02-27T16:00:31.89Zmore like thismore than 2019-02-27T16:00:31.89Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
1586
label Biography information for Adam Afriyie more like this
821477
registered interest false more like this
date less than 2018-01-12more like thismore than 2018-01-12
answering body
HM Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Productivity remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the cost to the public purse of low productivity growth since 2010. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 122395 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-22more like thismore than 2018-01-22
answer text <p>Productivity growth has slowed globally since the financial crisis. The Government is closely monitoring the effects of this on the UK economy to guide policy. Since 2010 we have invested over half a trillion pounds in capital investment, cut taxes to support business investment and reformed technical education. The Autumn Budget sets out the next steps the government is taking to improve productivity. We are extending the National Productivity Investment Fund, increasing support for R&amp;D to its highest level in 30 years by 2021/22, transforming lifelong learning and responding to the Patient Capital Review that we commissioned.</p><p> </p> more like this
answering member constituency Newark more like this
answering member printed Robert Jenrick more like this
question first answered
less than 2018-01-22T15:50:55.257Zmore like thismore than 2018-01-22T15:50:55.257Z
answering member
4320
label Biography information for Robert Jenrick remove filter
tabling member
4397
label Biography information for Peter Dowd more like this