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1177518

registered interest
date	10/02/2020
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 trends in the level of UK productivity between 2009 and 2019.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	14629
answer	answer is ministerial correction date of answer 13/02/2020 answer text <p>Labour productivity in the UK is just 2.4% above its pre-crisis peak. Productivity growth has slowed globally since the crisis but in the UK this slowdown has been more pronounced - across the G7 productivity growth has slowed from 1.9% per year in the decade to 2007 to just 0.8% since. In the UK, by comparison, it has fallen from 2.3% pre crisis to 0.3% since. To level up growth we will continue to invest responsibly including increased investment in infrastructure - connecting the country and businesses by road, rail and broadband and committing to our target of 2.4% of GDP being spend on R&amp;D. We will also continue to invest in people – our greatest asset – levelling up skills and opportunity by creating a new national skills fund.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 13/02/2020 12:41:57 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	1409 label Biography information for Mr Gregory Campbell

1170750

registered interest
date	14/01/2020
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 the Government has made of the effect of funding allocated from the public purse to education in each region on the level of productivity in those regions.
tabling member constituency	Haltemprice and Howden
tabling member printed	Mr David Davis
uin	3138
answer	answer is ministerial correction date of answer 22/01/2020 answer text <p>When considering funding for public services, including education, the government considers a range of factors as a matter of course, including the impact on regional productivity. The Government is committed to uniting and levelling up, spreading opportunity across the whole of the UK - we are looking at how best to do this and I will set out more details in due course.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 22/01/2020 17:04:02 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	373 label Biography information for Sir David Davis

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