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question first answered	2018-11-26T15:52:40.583Z
min question first answered	2018-11-26T15:51:15.037Z
answering dept sort name	Treasury
min ddp modified	2018-11-02T15:26:36.479Z
max question first answered	2018-11-26T15:52:40.583Z

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1005630

registered interest

date

12/11/2018

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Business: Investment

house id

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

is ministerial correction

date of answer

26/11/2018

answer text

We have made no specific assessment of this release.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.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.

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