https://www.gov.uk/government/publications/fixing-the-foundations-creating-a-more-prosperous-nation<\/a><\/p>As the plan notes, every part of government is contributing to this ambition; and the Department for Business, Innovation and Skills is working across Whitehall to ensure that the reforms set out in the plan are delivered with urgency and pace.<\/p>"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to increase productivity to levels recorded in 2008.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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, {"_about" : "http://data.parliament.uk/resources/511273", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
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The Office for National Statistics (ONS) provides data on the labour productivity of the Manufacturing, Production and Service sectors between 1990 and 2015. These are presented as levels relative to 2012 and offer both output per worker and output per hour measures.<\/p>
<\/p>
The ONS data is copied below and can also be found on the ONS website.<\/p>
<\/p>
<\/strong><\/p>"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what the productivity level was in (a) manufacturing and (b) non-manufacturing jobs in each year for which data is available.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1400", "label" : {"_value" : "Biography information for Kevin Brennan"}
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, "tablingMemberPrinted" : [{"_value" : "Kevin Brennan"}
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, {"_about" : "http://data.parliament.uk/resources/390167", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/390167/answer", "answerText" : {"_value" : "Zombie companies are companies that are allowed by banks to delay repayment of a loan so that they effectively only pay the interest due rather than the full loan amount. Bank of England analysis of this \u2018loan forbearance\u2019 suggests that only a relatively small proportion of small businesses are in receipt of any form of forbearance (around 6% of SME borrowers in 2013). The Bank concludes that forbearance by banks on loans to small businesses would therefore appear to account for only a small proportion of the weakness in aggregate UK productivity. The Bank\u2019s analysis was published in the Bank\u2019s quarterly bulletin which can be found on the Bank of England\u2019s website.<\/p>"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of zombie companies on national productivity; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/116", "label" : {"_value" : "Biography information for Lord Soames of Fletching"}
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, "tablingMemberPrinted" : [{"_value" : "Sir Nicholas Soames"}
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, {"_about" : "http://data.parliament.uk/resources/390168", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
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We are not aware of any studies into the link between employee ownership and national productivity. Research published in 2014 by the Employee Ownership Association showed that businesses with employee ownership (where employees have both a meaningful financial stake and a say in how the business is run) had a year-on-year increase in productivity of 4.5%.<\/p>
<\/p>
The Government worked closely with experts, including from the Employee Ownership Association, in delivering the 2012 Nuttall Recommendations to reduce barriers to increasing the number of employee ownership businesses. This work was completed in 2014.<\/p>"}
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