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1082272

registered interest
date	05/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	228624
answer	answer is ministerial correction date of answer 11/03/2019 answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:11:56 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

1064051

registered interest
date	19/02/2019
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 steps he has taken to increase the productivity of the UK economy.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	223249
answer	answer is ministerial correction date of answer 22/02/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:43:02 answering member 4320 label Biography information for Robert Jenrick
tabling member	1586 label Biography information for Adam Afriyie

1064082

registered interest
date	19/02/2019
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 assessment he has made of recent trends in economic productivity in the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	223482
answer	answer is ministerial correction date of answer 22/02/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:45:12 answering member 4320 label Biography information for Robert Jenrick
tabling member	1586 label Biography information for Adam Afriyie

1064083

registered interest
date	19/02/2019
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 in the last five years can be attributed to financial technology.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	223494
answer	answer is ministerial correction date of answer 27/02/2019 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 Newark answering member printed Robert Jenrick question first answered 27/02/2019 16:00:31 answering member 4320 label Biography information for Robert Jenrick
tabling member	1586 label Biography information for Adam Afriyie

1064084

registered interest
date	19/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employment
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 recent trends in the employment rate in the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	223495
answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The employment rate is currently at a record high of 75.8%.</p><p> </p><p>There are currently a record 32.5 million people in work. Over the last year, employment growth has been driven almost entirely by high skilled jobs and full-time workers.</p><p> </p><p>Since the 2010 election we’ve seen over 3.5 million more people in employment – equivalent to an average of over 1,000 extra people in work every single day.</p><p> </p><p>This is alongside an unemployment rate which has not been lower since 1975, wages growing at the fastest pace in over a decade, and 9 consecutive months of real wage growth.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/02/2019 12:38:42 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

1064085

registered interest
date	19/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the level of Foreign Direct Investment into the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	223496
answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>Since 2010 we have significantly lowered the headline rate of Corporation Tax from 28% down to 19% today – the lowest in the G20, with further cuts to 17% legislated by 2020.</p><p> </p><p>We have also created a world-leading offer on creative sector tax reliefs, given significant support for R&amp;D investment through the tax system, and introduced the Patent Box regime to attract international investment in intellectual property to the UK.</p><p> </p><p>These steps have helped to create a highly competitive and FDI-friendly business environment.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 26/02/2019 15:18:46 answering member 4320 label Biography information for Robert Jenrick
tabling member	1586 label Biography information for Adam Afriyie

999261

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mental Health Services: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Budget 2018 paragraph 5.10 on mental health funding, what estimate he has made of the savings that will accrue to the public purse as a result of pressure being taken off (a) accident and emergency, (b) police, (c) probation and (d) social services by 2023-24.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	186287
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>The government is committed to ensuring that high quality mental health support is available for those that need it, in appropriate, safe settings. Investing in the quality and integration of mental health services will reduce pressure on the NHS and other public services. As announced at Autumn Budget 2018, funding for mental health services will grow as a share of the overall NHS budget over the next five years. Further detail will be set out in the NHS long-term plan in due course.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 08/11/2018 15:59:49 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1586 label Biography information for Adam Afriyie

999263

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Budget 2018 paragraph 4.26 on Cryptoassets Taskforce, if he will list those actions that will allow innovators to thrive in the cryptoasset sector.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	186289
answer	answer is ministerial correction date of answer 06/11/2018 answer text <p>The Cryptoassets Taskforce published its full report on Budget day. The report is available at: <a href="https://www.gov.uk/government/publications/cryptoassets-taskforce" target="_blank">https://www.gov.uk/government/publications/cryptoassets-taskforce</a><strong>. </strong></p><p><strong> </strong></p><p>The Cryptoassets Taskforce sets out actions on page 48 to 49 that HM Treasury, the Financial Conduct Authority and the Bank of England will take to protect consumers, allow innovation to thrive, and maintain the UK’s international reputation as a safe and transparent place to do business in financial services, with high regulatory standards.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/11/2018 15:45:44 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

968408

registered interest
date	05/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	New Enterprise Allowance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the dynamic effect on tax receipts of the New Enterprise Allowance.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	170735
answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The New Enterprise Allowance (NEA) supports people on eligible benefits who want to move into self-employment. The NEA, alongside all government policies, are costed with a central estimate of the impact on the Exchequer where possible. In the case of the NEA, responsibility for this assessment is with the Department for Work and Pensions as the lead department who are also responsible for evaluating the impact of the policy.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 09:37:09 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1586 label Biography information for Adam Afriyie

968409

registered interest
date	05/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance Contributions: Self-employed
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent steps his Department has taken to simplify the system of National Insurance payments for self-employed people.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	170736
answer	answer is ministerial correction date of answer 13/09/2018 answer text <p>The government is committed to simplifying the tax system and supporting the self-employed.</p><p> </p><p>To support everyone, including the self-employed, the government has committed to raise the income tax Personal Allowance to £12,500, and the higher rate threshold to £50,000. By 2020-21, the government will have increased the Personal Allowance by over 90%, completing a decade’s worth of sustained increases.</p><p> </p><p>The government has reduced the administration burden on the self-employed by £19 million a year by ensuring Class 2 NICs can be paid online via self-assessment. This has modernised the way Class 2 NICs is assessed and collected, making the system simpler and more straight-forward on the self-employed.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 13/09/2018 13:41:28 answering member 3935 label Biography information for Mel Stride
tabling member	1586 label Biography information for Adam Afriyie