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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

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

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

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

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

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

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

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