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star this property registered interest false more like this
star this property date less than 2015-10-12more like thismore than 2015-10-12
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
star this property hansard heading Productivity remove filter
star this property house id 2 more like this
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25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government, in the light of figures from the Office for National Statistics on the United Kingdom's productivity as compared to other G7 countries, what steps are being taken to increase productivity. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL2539 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2015-10-23more like thismore than 2015-10-23
star this property answer text <p>Closing the productivity gap represents a real opportunity for the UK to raise its living standards. In July the Chancellor published “Fixing the Foundations: Creating a more prosperous nation”. This report outlines a number of policies designed to improve UK productivity over the course of this parliament.</p><br /><p>Key new measures in the government’s productivity plan include:</p><br /><ul><li>A <strong>reformed planning system</strong>, with streamlined ‘zonal’ system for brownfield sites, and measures to ensure more land is made available for house building;</li></ul><br /><ul><li><strong>Simplifying and streamlining further education</strong> qualifications and inviting local areas to participate in the reshaping and commissioning of local provision;</li></ul><br /><ul><li>A <strong>network of prestigious Institutes of Technology</strong>, focused on delivering the higher level skills employers demand;</li></ul><br /><ul><li>Measures to <strong>sharpen incentives for providing outstanding teaching</strong> <strong>to university students</strong> and to <strong>open the higher education market to more new entrants;</strong></li></ul><br /><ul><li>A <strong>Digital Transformation Plan</strong> to support the adoption of digital technologies across the economy;</li></ul><br /><ul><li>A joint FCA/PRA <strong>New Bank Unit</strong> to promote competition in banking; and</li></ul><br /><ul><li>Building <strong>stronger trading links with emerging markets</strong>, and mobilising the whole of government behind exporting.</li></ul><br /> <br /><p>These policies build on the productivity improving measures announced in the Summer Budget, examples of which include:</p><br /><ul><li><strong>Cutting the UK’s Corporation Tax</strong> rate to 18%, the lowest in the G20;</li></ul><br /><ul><li>Setting the <strong>Annual Investment Allowance at its highest ever permanent level</strong>;</li></ul><br /><ul><li>Creating a <strong>Roads Fund</strong> through reforming Vehicle Excise Duty for new cars;</li></ul><br /><ul><li><strong>Funding new apprenticeships through a lev</strong>y on large employers, which will ensure that those who prioritise training get more out than they put in;</li></ul><br /><ul><li>Putting higher education funding on a more sustainable footing, with <strong>maintenance loans replacing grants</strong>;</li></ul><br /><ul><li><strong>Building a Northern Powerhouse</strong> and ensuring the productive potential of all parts of the UK is realised; and</li></ul><br /><ul><li><strong>Reforming Network Rail</strong> to ensure it can deliver a faster, more reliable and more efficient railway.</li></ul><br /> <br /><p>“Fixing the Foundations: Creating a more prosperous nation” can be found on the GOV.UK website, which is attached.</p>
star this property answering member printed Baroness Neville-Rolfe more like this
star this property question first answered
less than 2015-10-23T12:00:44.003Zmore like thismore than 2015-10-23T12:00:44.003Z
star this property answering member
4284
star this property label Biography information for Baroness Neville-Rolfe more like this
star this property attachment
1
star this property file name Productivity_Plan_print.pdf more like this
star this property title Productivity Plan remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick remove filter