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426178

registered interest
date	04/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to increase productivity in 2015-16.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	14682
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>Boosting productivity is vital for the UK’s living standards in the long term and the government is committed to tackling the UK’s long history of poor productivity growth. In July the government published “Fixing the foundations: Creating a more prosperous nation” – a 15 point plan for productivity growth in the UK over the next decade.</p><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 09/11/2015 14:46:03 answering member 1526 label Biography information for Greg Hands
tabling member	163 label Biography information for Sir Stephen Timms

425628

registered interest
date	03/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effects (a) to date and (b) in the future of the institutes of technology on UK productivity.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	14606
answer	answer is ministerial correction date of answer 06/11/2015 answer text <ol><li>This government’s Productivity Plan responds to the UK's long-standing productivity gap compared to other some countries. The Institutes of Technology will seek to improve the UK’s performance on intermediate professional and technical skills. It will focus on the higher level skills employers demand, and will provide high-standard provision at levels 3, 4 and 5 – as part of a transformed skills system which is better able to meet local economic needs.</li></ol><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 06/11/2015 14:59:09 answering member 1526 label Biography information for Greg Hands
tabling member	4253 label Biography information for Seema Malhotra

420564

registered interest
date	12/10/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Productivity
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of figures from the Office for National Statistics on the United Kingdom's productivity as compared to other G7 countries, what steps are being taken to increase productivity.
tabling member printed	Lord Taylor of Warwick
uin	HL2539
answer	answer is ministerial correction date of answer 23/10/2015 answer text <p>Closing the productivity gap represents a real opportunity for the UK to raise its living standards. In July the Chancellor published “Fixing the Foundations: Creating a more prosperous nation”. This report outlines a number of policies designed to improve UK productivity over the course of this parliament.</p><br /><p>Key new measures in the government’s productivity plan include:</p><br /><ul><li>A <strong>reformed planning system</strong>, with streamlined ‘zonal’ system for brownfield sites, and measures to ensure more land is made available for house building;</li></ul><br /><ul><li><strong>Simplifying and streamlining further education</strong> qualifications and inviting local areas to participate in the reshaping and commissioning of local provision;</li></ul><br /><ul><li>A <strong>network of prestigious Institutes of Technology</strong>, focused on delivering the higher level skills employers demand;</li></ul><br /><ul><li>Measures to <strong>sharpen incentives for providing outstanding teaching</strong> <strong>to university students</strong> and to <strong>open the higher education market to more new entrants;</strong></li></ul><br /><ul><li>A <strong>Digital Transformation Plan</strong> to support the adoption of digital technologies across the economy;</li></ul><br /><ul><li>A joint FCA/PRA <strong>New Bank Unit</strong> to promote competition in banking; and</li></ul><br /><ul><li>Building <strong>stronger trading links with emerging markets</strong>, and mobilising the whole of government behind exporting.</li></ul><br /> <br /><p>These policies build on the productivity improving measures announced in the Summer Budget, examples of which include:</p><br /><ul><li><strong>Cutting the UK’s Corporation Tax</strong> rate to 18%, the lowest in the G20;</li></ul><br /><ul><li>Setting the <strong>Annual Investment Allowance at its highest ever permanent level</strong>;</li></ul><br /><ul><li>Creating a <strong>Roads Fund</strong> through reforming Vehicle Excise Duty for new cars;</li></ul><br /><ul><li><strong>Funding new apprenticeships through a lev</strong>y on large employers, which will ensure that those who prioritise training get more out than they put in;</li></ul><br /><ul><li>Putting higher education funding on a more sustainable footing, with <strong>maintenance loans replacing grants</strong>;</li></ul><br /><ul><li><strong>Building a Northern Powerhouse</strong> and ensuring the productive potential of all parts of the UK is realised; and</li></ul><br /><ul><li><strong>Reforming Network Rail</strong> to ensure it can deliver a faster, more reliable and more efficient railway.</li></ul><br /> <br /><p>“Fixing the Foundations: Creating a more prosperous nation” can be found on the GOV.UK website, which is attached.</p> answering member printed Baroness Neville-Rolfe question first answered 23/10/2015 12:00:44 answering member 4284 label Biography information for Baroness Neville-Rolfe attachment 1 file name Productivity_Plan_print.pdf title Productivity Plan
tabling member	1796 label Biography information for Lord Taylor of Warwick

390167

registered interest
date	15/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of zombie companies on national productivity; and if he will make a statement.
tabling member constituency	Mid Sussex
tabling member printed	Sir Nicholas Soames
uin	7261
answer	answer is ministerial correction date of answer 23/07/2015 answer text <p>Zombie companies are companies that are allowed by banks to delay repayment of a loan so that they effectively only pay the interest due rather than the full loan amount. Bank of England analysis of this ‘loan forbearance’ suggests that only a relatively small proportion of small businesses are in receipt of any form of forbearance (around 6% of SME borrowers in 2013). The Bank concludes that forbearance by banks on loans to small businesses would therefore appear to account for only a small proportion of the weakness in aggregate UK productivity. The Bank’s analysis was published in the Bank’s quarterly bulletin which can be found on the Bank of England’s website.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 23/07/2015 10:57:14 answering member 3938 label Biography information for Anna Soubry
tabling member	116 label Biography information for Lord Soames of Fletching

390168

registered interest
date	15/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of employee ownership on national productivity; and if he will make a statement.
tabling member constituency	Mid Sussex
tabling member printed	Sir Nicholas Soames
uin	7262
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>We are not aware of any studies into the link between employee ownership and national productivity. Research published in 2014 by the Employee Ownership Association showed that businesses with employee ownership (where employees have both a meaningful financial stake and a say in how the business is run) had a year-on-year increase in productivity of 4.5%.</p><p> </p><p>The Government worked closely with experts, including from the Employee Ownership Association, in delivering the 2012 Nuttall Recommendations to reduce barriers to increasing the number of employee ownership businesses. This work was completed in 2014.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 21/07/2015 14:32:07 answering member 3938 label Biography information for Anna Soubry
tabling member	116 label Biography information for Lord Soames of Fletching

389709

registered interest
date	14/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Productivity
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the sustainable rate of productive potential in the UK economy.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	7048
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>In 2010 the government established the Office for Budget Responsibility (OBR) to provide independent and authoritative analysis of the UK’s public finances.</p><p> </p><p> </p><p> </p><p>The OBR forecast in July 2015 that potential productivity will grow by 1.4 per cent in 2015, 1.8 per cent in 2016, 2.0 per cent in 2017, 2.1 per cent in 2018 and 2.2 per cent thereafter.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:41:07 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford