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1564173

registered interest
date	06/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Spring Statement Tax Plan published on 23 March 2022, if he will publish a summary of the discussions he has had with businesses on investment incentives.
tabling member constituency	Ealing North
tabling member printed	James Murray
uin	117812
answer	answer is ministerial correction date of answer 11/01/2023 answer text <p>There are currently no plans to publish a summary of the engagement following the Spring Statement. Any changes to tax policy would be a matter for future Budgets and it would not be appropriate to comment on tax measures at this stage of the policy development cycle.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 11/01/2023 16:38:38 answering member 4399 label Biography information for Victoria Atkins
tabling member	4797 label Biography information for James Murray

1419142

registered interest
date	02/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to encourage businesses to invest.
tabling member constituency	Stockton South
tabling member printed	Matt Vickers
uin	117105
answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>Under the super-deduction, from April 2021 until the end of March 2023, companies can claim a 130% capital allowance on qualifying plant and machinery investments. It is the biggest two-year business tax cut in modern British history.</p><p> </p><p>At Budget, the Government announced that the temporary £1 million Annual Investment Allowance level would be extended until the end of March 2023.</p><p> </p><p>These measures provide more upfront support to help businesses across the UK invest and grow.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 10/02/2022 14:53:00 answering member 4527 label Biography information for Helen Whately
tabling member	4844 label Biography information for Matt Vickers

1418403

registered interest
date	31/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to encourage businesses to invest.
tabling member constituency	Crewe and Nantwich
tabling member printed	Dr Kieran Mullan
uin	114987
answer	answer is ministerial correction date of answer 08/02/2022 answer text <p>Under the super-deduction, from April 2021 until the end of March 2023, companies can claim a 130% capital allowance on qualifying plant and machinery investments. It is the biggest two-year business tax cut in modern British history.</p><p> </p><p>At Budget, the Government announced that the temporary £1 million Annual Investment Allowance level would be extended until the end of March 2023.</p><p> </p><p>These measures provide more upfront support to help businesses across the UK invest and grow.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 08/02/2022 13:43:45 answering member 4527 label Biography information for Helen Whately
tabling member	4860 label Biography information for Dr Kieran Mullan

1342050

registered interest
date	29/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
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 levels of business investment for (1) the remainder of 2021, and (2) 2022.
tabling member printed	Lord Hay of Ballyore
uin	HL1527
answer	answer is ministerial correction date of answer 12/07/2021 answer text <p>As well as addressing the immediate challenges of COVID-19, the Government recognises the importance of acting now to create the conditions for an investment-led recovery driven by private sector growth.</p><p> </p><p>Stimulating private sector investment will create jobs, drive innovation, and revitalise local areas and regions across the UK. This is central to the Government’s plan to secure a strong recovery and the Budget announced a package of measures to achieve this, including the new super-deduction to support business investment.</p><p> </p><p>The Office for National Statistics, as part of the Quarterly National Accounts, published revised outturn figures for business investment in Q1 2021. In real and seasonally-adjusted terms, business investment fell by 10.7 per cent (£5.4 billion) in Q1 2021 compared to the previous quarter, or by 16.9 per cent (£9.2 billion) compared to Q1 2020.</p><p>At Spring Budget 2021, the Office for Budget Responsibility (OBR), which produces forecasts on the economy and public finances, revised upwardly the medium-term business investment outlook, expecting a return to its pre-crisis level in Q2 2022.</p><p> </p><p>In the March 2021 Economic and Fiscal Outlook, the OBR highlighted the potential impact of the super deduction:</p><p> </p><p>“As a temporary measure, it provides companies with a very strong incentive to bring forward investment from future periods to take advantage of the temporarily much more generous allowances. We assume that at its peak in 2022-23, this will raise the level of business investment by around 10 per cent (equivalent to around £20 billion a year) as spending is brought forward.”</p> answering member printed Lord Agnew of Oulton question first answered 12/07/2021 15:29:48 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4352 label Biography information for Lord Hay of Ballyore

1144183

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
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 Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March.
tabling member printed	Lord Mendelsohn
uin	HL17671
answer	answer is ministerial correction date of answer 09/09/2019 answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. answering member printed The Earl of Courtown question first answered 09/09/2019 15:37:41 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn

1109349

registered interest
date	03/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Haltemprice and Howden
tabling member printed	Mr David Davis
uin	240505
answer	answer is ministerial correction date of answer 12/04/2019 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 answering member printed Robert Jenrick question first answered 12/04/2019 16:39:13 answering member 4320 label Biography information for Robert Jenrick
tabling member	373 label Biography information for Sir David Davis

1042907

registered interest
date	16/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 26 November 2018 (HL11401), whether in the light of new ONS data showing three consecutive quarter-on-quarter falls in business investment for the first time since 2007–08 they still forecast a 8.8 per cent rise in business investment between Q4 2016 and Q1 2021; and which sectors will account for this rise.
tabling member printed	Lord Mendelsohn
uin	HL12898
answer	answer is ministerial correction date of answer 30/01/2019 answer text <p>HM Treasury does not publish official forecasts for the UK economy.</p><p> </p><p>The independent Office for Budget Responsibility (OBR) generate a projection for the UK economy that incorporates the impact of any policy announced by the Chancellor of the Exchequer at the annual Budget and Spring Statements.</p><p> </p><p>The most recent forecast was produced at Autumn Budget 2018 in October and the next will coincide with Spring Statement 2019.Until then, there are no further official forecasts.</p><p> </p><p>The OBR’s forecast does not include a detailed breakdown of specific sectors, only an aggregate level of business investment expectations. Therefore, it will not contain details regarding the contribution of specific sectors to future business investment.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 30/01/2019 14:02:32 answering member 1091 label Biography information for Lord Bates
tabling member	4286 label Biography information for Lord Mendelsohn

1005630

registered interest
date	12/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Neville-Rolfe on 4 April 2017 (HL6630), what assessment they have made of the ONS release, Business Investment in the UK: April to June 2018 revised results, which showed that business investment fell by 0.2 per cent in the last quarter and by 0.7 percent compared to a year earlier; and, in the light of that release, whether they still expect that by 2021 business investment will (1) grow by 15 per cent, and (2) rise as a share of GDP.
tabling member printed	Lord Mendelsohn
uin	HL11401
answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>We have made no specific assessment of this release.</p><p>In the 2018 Budget, the Government announced measures that are expected to affect business investment. These include the introduction of a permanent structures and buildings allowance and a temporary increase in the annual investment allowance for 2 years. These measures, in conjunction with the reduction in the writing down allowance for the special rate pool of assets are expected to increase the level of business investment by 0.4 per cent by the end of the forecast period.</p><p>In its October 2018 forecast, the independent OBR (Office for Budget Responsibility) expect business investment to increase by 8% between 2016 Q4 and 2021Q1 and for business investment to rise as a share of GDP.</p> answering member printed Lord Bates question first answered 26/11/2018 15:52:40 answering member 1091 label Biography information for Lord Bates
tabling member	4286 label Biography information for Lord Mendelsohn