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1127722

	registered interest
	date	21/05/2019
	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	What fiscal steps his Department is taking to increase regional productivity.
	tabling member constituency	Kingston upon Hull North
	tabling member printed	Diana Johnson
	uin	911025
	answer	answer is ministerial correction date of answer 21/05/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/05/2019 13:46:00 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1533 label Biography information for Dame Diana Johnson

1122001

	registered interest
	date	18/04/2019
	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 estimate he has made of the level of increased productivity in the economy.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	245761
	answer	answer is ministerial correction date of answer 30/04/2019 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 30/04/2019 07:46:33 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4006 label Biography information for Dr Matthew Offord

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

885142

	registered interest
	date	17/04/2018
	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	What discussions he has had with Cabinet colleagues on increasing productivity through the development and deployment of new technologies.
	tabling member constituency	South Basildon and East Thurrock
	tabling member printed	Stephen Metcalfe
	uin	904793
	answer	answer is ministerial correction date of answer 17/04/2018 answer text <p>Treasury ministers regularly discuss the opportunities of new technologies with Cabinet colleagues.</p><p> </p><p>To boost research into and development of new technologies, we have increased support for in R&amp;D to the highest level in 30 years (probably ever) through raising investment and increasing the main rate of R&amp;D tax credits.</p><p> </p><p>At Budget, we committed over £75 million to support the development and deployment of Artificial Intelligence in the UK, which has immense potential to increase productivity.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 17/04/2018 15:42:53 answering member 3996 label Biography information for Andrew Jones
	tabling member	4092 label Biography information for Stephen Metcalfe

821477

	registered interest
	date	12/01/2018
	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 his Department has made of the cost to the public purse of low productivity growth since 2010.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	122395
	answer	answer is ministerial correction date of answer 22/01/2018 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> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/01/2018 15:50:55 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4397 label Biography information for Peter Dowd

776324

	registered interest
	date	18/10/2017
	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 plans the Government has to increase productivity.
	tabling member constituency	Stafford
	tabling member printed	Jeremy Lefroy
	uin	901377
	answer	answer is ministerial correction date of answer 24/10/2017 answer text <p>Promoting productivity growth in the UK is at the forefront of the Government’s agenda. The Government is investing £23bn in a National Productivity Investment Fund targeted at building economic infrastructure and boosting innovation. We are also reforming technical education in the UK, providing over £0.5bn in additional investment every year to raise standards.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 24/10/2017 14:21:33 answering member 3996 label Biography information for Andrew Jones
	tabling member	4109 label Biography information for Jeremy Lefroy

776328

	registered interest
	date	18/10/2017
	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 his Department is taking to improve regional productivity.
	tabling member constituency	Warrington South
	tabling member printed	Faisal Rashid
	uin	901381
	answer	answer is ministerial correction date of answer 24/10/2017 answer text <p>Increasing the productivity of every region in the UK is very important to the Government. We are committed to building a more balanced economy, by devolving powers and investing in every region.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 24/10/2017 14:12:11 answering member 3996 label Biography information for Andrew Jones
	tabling member	4670 label Biography information for Faisal Rashid

749549

	registered interest
	date	06/07/2017
	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, whether the Government has made any recent revisions to the UK's Productivity Plan.
	tabling member constituency	Salford and Eccles
	tabling member printed	Rebecca Long Bailey
	uin	3479
	answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The government continues to believe that raising productivity is the best route to driving growth and raising long run living standards, as set out in “Fixing the foundations: Creating a more prosperous nation” - a plan for productivity growth in the UK. The government has since taken further steps, including the establishment of a National Productivity Investment Fund targeted at the productivity-critical areas of transport, R&amp;D, housing and digital communications. It is also making sure that young people have the skills that British businesses need through the reform of the technical education system and the introduction of T-levels.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 11/07/2017 14:07:37 answering member 3996 label Biography information for Andrew Jones
	tabling member	4396 label Biography information for Rebecca Long Bailey

731300

	registered interest
	date	21/06/2017
	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 his Department has made of the potential effect on the level of UK GDP of the UK leaving the EU prior to the conclusion of any deal with the EU.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	153
	answer	answer is ministerial correction date of answer 26/06/2017 answer text <p>Government has undertaken a significant amount of work to assess the economic impacts of leaving the EU. This is part of our continued programme of rigorous and extensive analytical work on a range of scenarios on a sector by sector basis.</p><p> </p><p>All departments need to prepare not just for a negotiated settlement, but also for the no deal scenario. We are confident that we will secure a good deal for the UK, but are prepared should there be no deal.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/06/2017 15:17:23 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4131 label Biography information for Jim Shannon

723720

	registered interest
	date	24/04/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the effect of Brexit on the UK's GDP per hour worked, in comparison to (1) Germany, (2) France, and (3) Italy.
	tabling member printed	Lord Berkeley
	uin	HL6762
	answer	answer is ministerial correction date of answer 27/04/2017 answer text <p>The Government has made no assessment of the effect of leaving the EU on the UK’s GDP per hour worked compared to that of other countries.</p> answering member printed Baroness Neville-Rolfe question first answered 27/04/2017 10:53:04 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	3526 label Biography information for Lord Berkeley

715533

	registered interest
	date	30/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Productivity
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the possible benefits to the national economy of encouraging good leadership and psychological wellbeing.
	tabling member printed	The Earl of Dundee
	uin	HL6494
	answer	answer is ministerial correction date of answer 07/04/2017 answer text <p>In 2015 the UK government published its productivity plan ‘Fixing the Foundations: Creating a more prosperous nation’, which acknowledged the importance of management and leadership performance in improving productivity performance.</p><p> </p><p>At the Autumn Statement 2016 the government announced that will it provide £13 million to support firms’ plans to improve their management skills and leadership by implementing Sir Charlie Mayfield’s review of business productivity.</p><p> </p><p>In 2014 the government supported the creation of a new What Works Centre for Wellbeing. The centre brings together evidence on different aspects of wellbeing and work, looking at the impact that different interventions and services have on wellbeing.</p><p> </p> answering member printed Baroness Neville-Rolfe question first answered 07/04/2017 12:35:22 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	2735 label Biography information for The Earl of Dundee

677458

	registered interest
	date	23/01/2017
	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 his Department is taking to ensure continuing growth in productivity and manufacturing output in 2017.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	61262
	answer	answer is ministerial correction date of answer 27/01/2017 answer text <p>The government has taken policy action to support continuing growth in productivity and manufacturing by encouraging investment and boosting UK competitiveness, including committing to cutting corporation tax from 28% in 2010 to 17% by 2020 and increasing the number of apprenticeships.</p><p> </p><p>The Autumn Statement went further, with the National Productivity Investment Fund providing an additional £23bn of investment in Housing, Infrastructure and Research &amp; Development.</p><p> </p><p>The government’s recent Green Paper ‘Building our Industrial Strategy’ set out the ten pillars for driving growth and productivity across the country, including supporting businesses to start and grow, developing skills and cultivating our world-leading sectors such as automotive manufacturing.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/01/2017 11:01:44 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4131 label Biography information for Jim Shannon

621949

	registered interest
	date	26/10/2016
	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 progress has been made in implementing the reforms set out in Fixing the foundations: creating a more prosperous nation, published in July 2015; and whether he plans to continue to monitor the recommendations set out in that document.
	tabling member constituency	Hartlepool
	tabling member printed	Mr Iain Wright
	uin	50486
	answer	answer is ministerial correction date of answer 02/11/2016 answer text <p>The government has made substantial progress in implementing the policies in “Fixing the foundations: Creating a more prosperous nation.” This includes: publishing a new National Infrastructure Delivery Plan which details £100 billion of planned public investment in infrastructure to 2020-21; finalising funding bands for the apprenticeship levy and setting it at 0.5% of an employer’s pay bill for employers with pay bills over £3 million; legislating for key planning reforms through the Housing and Planning Act such as automatic permission in principle on brownfield sites; signing eight mayoral devolution deals with regions across England including Liverpool, Sheffield and East Anglia; and increasing the Annual Investment Allowance to £200,000, its highest ever permanent level. The government is continuing to monitor the progress being made through mechanisms such as the Single Departmental Plans.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 02/11/2016 15:50:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1478 label Biography information for Mr Iain Wright

515231

	registered interest
	date	25/04/2016
	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 recent assessment he has made of the accuracy of the methodology used to measure productivity in the UK.
	tabling member constituency	Greenwich and Woolwich
	tabling member printed	Matthew Pennycook
	uin	35257
	answer	answer is ministerial correction date of answer 04/05/2016 answer text <p>The Independent Review of UK Economic Statistics, commissioned by the Chancellor and Minister for the Cabinet Office last summer, suggested that fuller measurement of the economy could add between one-third and two-thirds of a percent to the growth to UK GDP. Better measurement of the digital economy, intangible investment and the sharing economy could therefore improve measurement of output, and thus productivity. The Chancellor welcomed the report’s findings at Budget 2016 and committed to invest over £10m in a new hub for data science, and a centre for excellence for improving measurement of the modern economy.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 04/05/2016 11:43:26 answering member 1526 label Biography information for Greg Hands
	tabling member	4520 label Biography information for Matthew Pennycook

512953

	registered interest
	date	14/04/2016
	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 definition the Government uses of productivity.
	tabling member constituency	Mid Sussex
	tabling member printed	Sir Nicholas Soames
	uin	34146
	answer	answer is ministerial correction date of answer 19/04/2016 answer text <p>The government uses a number of measures to examine productivity, looking at output per hour, output per worker and output per job. While the measure used will depend upon the circumstances, output per hour is generally regarded as the best measure.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 19/04/2016 16:20:14 answering member 1526 label Biography information for Greg Hands
	tabling member	116 label Biography information for Lord Soames of Fletching

479084

	registered interest
	date	16/03/2016
	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 his Department has made of the effect of changes in the participation rate on economic productivity; and if he will make a statement.
	tabling member constituency	Coventry South
	tabling member printed	Mr Jim Cunningham
	uin	31392
	answer	answer is ministerial correction date of answer 23/03/2016 answer text <p>Government action to reward work and reform benefits has delivered a strong labour market which has seen the employment rate grow more than any other G7 country since early 2010 (Q1), and in the three months to January it stood at 74.1 per cent – the highest since records began.</p><p> </p><p>The government believes it is possible to maintain a strong labour market and improve productivity performance, and this why it has set out a comprehensive programme of structural reform in the productivity plan – “Fixing the Foundations” – with further measures included in Budget 2016.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 23/03/2016 14:41:49 answering member 1526 label Biography information for Greg Hands
	tabling member	308 label Biography information for Mr Jim Cunningham

453651

	registered interest
	date	22/02/2016
	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 reduce the productivity gap.
	tabling member constituency	Bermondsey and Old Southwark
	tabling member printed	Neil Coyle
	uin	27727
	answer	answer is ministerial correction date of answer 29/02/2016 answer text <p>The government has published “Fixing the foundations: Creating a more prosperous nation”, its plan for productivity growth in the UK. This plan outlines the steps the government is taking to encourage further investment in the drivers of productivity growth, including science, education, skills and infrastructure. It also sets out the ways the government is promoting a dynamic economy through reforming planning laws, boosting competition and creating a Northern Powerhouse.</p><p> </p><p>These steps include: investing £6.9 billion in the UK’s research infrastructure up to 2021; introducing a levy on large employers to help deliver 3 million apprenticeships starts this Parliament; guaranteeing that all revenue raised from VED in England from 2020-21 will be allocated to a new Roads Fund and invested directly back into the strategic road network; and creating a new “zonal” system which will grant automatic permission in principle on brownfield sites.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 29/02/2016 16:18:27 answering member 1526 label Biography information for Greg Hands
	tabling member	4368 label Biography information for Neil Coyle

453667

	registered interest
	date	22/02/2016
	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 research his Department has (a) commissioned and (b) carried out on the structural factors in the economy that have contributed to the scale of the productivity gap.
	tabling member constituency	Mid Sussex
	tabling member printed	Sir Nicholas Soames
	uin	27800
	answer	answer is ministerial correction date of answer 25/02/2016 answer text <p>The Treasury has commissioned no external research on the productivity gap. The Treasury’s analysis is laid out in Annex A of the Productivity Plan, which was published in July 2015 (<a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443898/Productivity_Plan_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443898/Productivity_Plan_web.pdf</a>, pages 77-82). This draws on evidence from academics, the Bank of England and others.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/02/2016 17:15:27 answering member 1526 label Biography information for Greg Hands
	tabling member	116 label Biography information for Lord Soames of Fletching

453668

	registered interest
	date	22/02/2016
	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 his Department has made of the reasons for the scale of the productivity gap.
	tabling member constituency	Mid Sussex
	tabling member printed	Sir Nicholas Soames
	uin	27801
	answer	answer is ministerial correction date of answer 25/02/2016 answer text <p>The government set out its understanding on the reasons for the productivity gap in Annex A of the Productivity Plan, published in July 2015 (<a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443898/Productivity_Plan_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443898/Productivity_Plan_web.pdf</a>, pages 77-82).</p><p> </p><p>A number of factors contribute to the UK’s lower level of productivity compared to the most productive countries in the world, including lower levels of investment, especially in research and development. There are a further set of explanations for the shortfall in performance post-crisis, including impaired resource allocation in the economy, the disproportionate impacts on some high productivity sectors, substitution of labour for capital, labour hoarding in the initial phase of the recession and measurement issues.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/02/2016 17:13:24 answering member 1526 label Biography information for Greg Hands
	tabling member	116 label Biography information for Lord Soames of Fletching

433311

	registered interest
	date	25/11/2015
	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 recent comparative assessment he has made of the rate of productivity in the UK and other G7 countries.
	tabling member constituency	Hyndburn
	tabling member printed	Graham Jones
	uin	902467
	answer	answer is ministerial correction date of answer 01/12/2015 answer text <p>Output per hour grew 0.9 per cent in Q2 2015 and 0.5 per cent in Q3 but raising UK productivity is a long term challenge. The government published the productivity plan in July, created the National Infrastructure Commission in October and set out further measures in the Autumn Statement.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/12/2015 17:50:50 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	3999 label Biography information for Graham P Jones

429019

	registered interest
	date	18/11/2015
	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, with reference to the document Fixing the Foundations: Creating a more prosperous nation Cm 9098, what the evidential basis is for proposed reforms to tax credits increasing productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	16750
	answer	answer is ministerial correction date of answer 23/11/2015 answer text <p>I refer the hon. Member to the answer I gave on [20] November 2015, PQ 16701.</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 23/11/2015 15:11:14 answering member 3969 label Biography information for Damian Hinds
	tabling member	4253 label Biography information for Seema Malhotra

428754

	registered interest
	date	17/11/2015
	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, with reference to the document, Fixing the Foundations: Creating a more prosperous nation, Cm 9098, published in July 2015, if he will publish his Department's analysis linking changes to tax credits with increased productivity.
	tabling member constituency	Middlesbrough
	tabling member printed	Andy McDonald
	uin	16701
	answer	answer is ministerial correction date of answer 20/11/2015 answer text <p>The Paper, “Fixing the Foundations: creating a more prosperous economy” focuses not on the link between welfare reforms and productivity but instead on how ‘a productive economy must make the most of its labour force and effectively mobilise people into jobs’.</p><br /><p>This governments tax and welfare policies are supporting this end.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/11/2015 14:16:52 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4269 label Biography information for Andy McDonald

428756

	registered interest
	date	17/11/2015
	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, with reference to the document, Fixing the Foundations: Creating a more prosperous nation, Cm 9098, published in July 2015, if he will publish his Department's analysis linking the introduction of a Youth Obligation for 18 to 25 year olds on universal credit with increased productivity.
	tabling member constituency	Middlesbrough
	tabling member printed	Andy McDonald
	uin	16702
	answer	answer is ministerial correction date of answer 20/11/2015 answer text <p>The Government is introducing a Youth Obligation for 18-21s on Universal Credit, to help them into sustainable employment.</p><br /><p>From day 1 of their claim, young people will participate in an intensive support regime in return for their benefit. After 6 months, we will expect them to apply for an apprenticeship, traineeship, gain work-based skills, or go on a work placement.</p><br /><p>As set out in “Fixing the Foundations: Creating a more prosperous nation”, this is part of the Government’s plan for achieving full employment. The Government wants to ensure that young people are given the support, skills and experience to move into work, fulfil their potential and make a contribution to a productive economy.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/11/2015 14:15:24 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4269 label Biography information for Andy McDonald

428352

	registered interest
	date	16/11/2015
	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 the Government is taking to ensure that an approach supply of finance to productive investment is available to help increase productivity.
	tabling member constituency	Leeds East
	tabling member printed	Richard Burgon
	uin	16397
	answer	answer is ministerial correction date of answer 19/11/2015 answer text <p>The government is committed to boosting productivity growth and narrowing the gap with other leading advanced economies. In July 2015 the government published ‘Fixing the Foundations: Creating a more prosperous nation’; a comprehensive plan that sets the agenda to reverse the UK’s long-term productivity problem.</p><br /><p>The financial services sector has a dual role in supporting UK productivity. As well as its own productivity performance, it is critical for supporting the rest of the economy, allocating resources and facilitating long term productive investment. In the latest remit letter to the Financial Policy Committee of the Bank of England, the Chancellor highlighted the importance of a stable financial system providing finance for productive investment.</p><br /><p>To promote the provision of finance to support productive investment, it is important that it can be measured accurately. The Bank of England, working with HM Treasury, have initiated research to create a better measurement of ‘finance for productive investment’ covering all asset classes and all stages of finance, with a view to publishing the data on a regular basis.</p><br /> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 19/11/2015 16:48:39 answering member 1526 label Biography information for Greg Hands
	tabling member	4493 label Biography information for Richard Burgon

427014

	registered interest
	date	09/11/2015
	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 potential effect of increasing the provision of export finance in productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15551
	answer	answer is ministerial correction date of answer 16/11/2015 answer text <p>Trade increases UK productivity by allowing firms to specialise in sectors in which the UK has a comparative advantage, and through exposure to new ideas and international competition.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/11/2015 16:02:26 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

427015

	registered interest
	date	09/11/2015
	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, how the British Business Bank will support UK productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15388
	answer	answer is ministerial correction date of answer 16/11/2015 answer text <p>The British Business Bank aims to make finance markets work better for smaller businesses. The Bank’s work improves productivity by encouraging investment and promoting a dynamic economy.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/11/2015 16:03:22 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

426479

	registered interest
	date	05/11/2015
	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 effect of proposed changes to (a) the student loans system and (b) maintenance grants on productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15186
	answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>The government’s system of student support enables students to cover the costs of studying at university. At Summer Budget 2015, we announced that maintenance grants would be replaced by more generous maintenance loans and that we would consult on freezing the repayment threshold for loan repayments. These measures help create a financially secure Higher Education system, allowing the government to remove the student numbers cap and enable more students to go to university than ever before.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 10/11/2015 15:30:07 answering member 1526 label Biography information for Greg Hands
	tabling member	4253 label Biography information for Seema Malhotra

426480

	registered interest
	date	05/11/2015
	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, with reference to paragraph 5 of his Department's document Fixing the foundations: creating a more prosperous nation, Cm9098, published in July 2015, what analysis his Department has made of the effects of changes to vehicle excise duty and the creation of a roads fund on UK productivity.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	15180
	answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>The reform of VED announced at the Summer Budget delivers long-term revenue sustainability whilst simplifying the current system. This reform enabled the government to set up a Roads Fund, which from 2020-21 will provide the necessary funding for a high performing road network that is as efficient as possible. This is vital for efficient running of business and enabling connections to bigger markets and labour pools.</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 10/11/2015 15:05:35 answering member 3969 label Biography information for Damian Hinds
	tabling member	4253 label Biography information for Seema Malhotra

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

426324

	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, who has overall ministerial responsibility for meeting the objectives set out in Fixing the foundations: creating a more prosperous nation, Cm9098, published in July 2015.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	14839
	answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>The Chancellor of the Exchequer and Secretary of State for Business, Innovation and Skills have overall responsibility for meeting the objectives set out in “Fixing the foundations: creating a more prosperous nation”.</p><br /><p>The Cabinet Committee on Economic Affairs, chaired by the Chancellor of the Exchequer and attended by Secretary of State for Business, Innovation and Skills, is ultimately responsible for tracking and driving forward these objectives.</p><br /><p>Lord O’Neill, Commercial Secretary to the Treasury, has day to day responsibility for implementing the commitments.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 09/11/2015 14:46:59 answering member 1526 label Biography information for Greg Hands
	tabling member	4505 label Biography information for Peter Kyle

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

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

228952

	registered interest
	date	23/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what is their assessment of the practical impact on United Kingdom productivity of net migration of 165,000 per year over the next five years.
	tabling member printed	Lord Green of Deddington
	uin	HL5917
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>The government does not forecast either UK GDP or GDP per capita. The independent OBR in the March 2015 Economic and Fiscal Outlook (EFO) used the central ONS migration population projection. The ONS central migration projection is for net migration of 165,000 a year in 2018/19 and 2019/20. In the March 2015 EFO the OBR forecast that UK GDP per capita for those aged 16 and over will increase by 9.2% total between 2014 and 2019.</p><p> </p><p> </p><p> </p><p>In order to inform policy making, the government reviews and notes the wider evidence on the economic and productivity impacts of immigration on an ongoing basis. This evidence base includes the wider academic literature, and a range of reports commissioned or produced by the government looking at specific impacts, for example those produced by the independent Migration Advisory Committee. In addition, policies that influence migration are assessed using the government's impact assessment process which models the economic impact of the policy change using assumptions based on a range of evidence and the academic literature. Home Office Impact Assessments are published on gov.uk.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL5915 question first answered 26/03/2015 13:57:25 answering member 4262 label Biography information for Lord Deighton
	tabling member	4346 label Biography information for Lord Green of Deddington