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1109349
registered interest false more like this
date less than 2019-04-03more like thismore than 2019-04-03
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Business: Investment more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what steps he plans to take to increase business investment in the UK after the UK leaves the EU. more like this
tabling member constituency Haltemprice and Howden more like this
tabling member printed
Mr David Davis more like this
uin 240505 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-12more like thismore than 2019-04-12
answer text <p>The Government continues to work towards leaving the EU with a deal, which will allow us to honour the referendum, while also protecting jobs and our economy. The government is committed to providing the right economic environment for businesses to invest and grow.</p><p> </p><p>Businesses will also benefit from recently announced tax measures such as the introduction of a new allowance for the construction costs of new qualifying non-residential structures and buildings, which will provide billions of pounds of additional relief for UK businesses. The Government has also increased the Annual Investment Allowance from £200,000 to £1 million for two years, significantly increasing the amount of relief businesses receive on qualifying investment in the first year.</p><p> </p><p>Additionally, our modern Industrial Strategy sets out a clear plan for how we can boost productivity throughout the UK, including increased public investment in infrastructure and R&amp;D. At Budget 2018 we increased the size of the National Productivity Investment Fund to £37 billion and since 2010 there has been £600 billion of capital investment including in roads, rail, digital and skills.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2019-04-12T16:39:13.37Zmore like thismore than 2019-04-12T16:39:13.37Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
373
label Biography information for Sir David Davis more like this