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The Budget set out a long-term vision for an economy that is fit for the future, ensuring that the next generation have more opportunities than the one before and everyone can prosper wherever they live and whatever their background. This vision was underlined by:<\/p>
<\/strong><\/p> £15bn of financial support available for housing over the next five years, to reduce the cost of purchasing a home and help people to get a foot on the housing ladder.<\/p><\/li> the largest increases to the National Minimum Wage youth rates in ten years, the new rates will apply from April 2018.<\/p><\/li> a £1.7 billion Transforming Cities Fund which will promote local growth and productivity within city regions.<\/p><\/li> a new devolution deal with North of Tyne authorities, which will see £600 million of investment over 30 years and create a new mayor elected in 2019.<\/p><\/li> a new £337 million investment to replace the 40-year-old rolling stock on the Tyne & Wear Metro with modern energy-efficient trains.<\/p><\/li> a £300 million investment that ensures HS2 infrastructure can accommodate future Northern Powerhouse and Midlands Engine rail services.<\/p><\/li> the freezing of tuition fees for 2018/19 and an increase in the earnings threshold at which post-2012 student loans begin to be repaid (from 2018/19).<\/p><\/li> a package of measures to raise educational attainment in maths and computer science, so that young people have the skills they need to get on in life.<\/p><\/li><\/ul> This government is committed to ensuring opportunities are shared in every part of the country.<\/p> since 2010, the unemployment rate has fallen the most in Yorkshire & the Humber (-4.7 percentage points) and Wales (-4.4 percentage points).<\/p><\/li> since 2010, earnings of the average full-time employee have grown fastest in Northern Ireland (14.6%) and the North East of England (13.8%).<\/p><\/li><\/ul> We are building a country where everyone can share in our economic prosperity.<\/p> <\/p> <\/p> <\/p> <\/strong><\/p> in 2015-16, income inequality fell to its lowest level since the mid-1980s.<\/p><\/li> the proportion of full-time jobs that are low paid is at its lowest level in at least 20 years.<\/p><\/li> the share of total income tax paid by the top 1% is 27.7%; higher than in any year under the previous Labour government.<\/p><\/li> strong employment growth has particularly benefitted poorer households, where working-age adults are 4.6 percentage points more likely to be in work than in 2010-11.<\/p> <\/strong><\/p><\/li><\/ul>"}
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], "questionText" : "To ask Mr Chancellor of the Exchequer, pursuant to the Answer of the 10 July 2017 to Question 2747, what recent steps the Government has taken to reduce (a) geographical, (b) wealth and (c) generational inequalities.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/794606/answer", "answerText" : {"_value" : " The Industrial Strategy sets out a clear plan for how we can boost the productivity and earning power of people throughout the UK, and ensure that our country can embrace the opportunities presented by technological change.<\/p> <\/p> The Budget announced a number of measures that will support the Industrial Strategy, such as the £1.7bn Transforming Cities Fund to support local transport and £2.3bn more for R&D in 2021/22.<\/p> <\/p> The Industrial Strategy will build on these Budget commitments by explaining the action Government will take, to work in partnership with the private sector, encourage investment in the technologies of the future, and ensure every part of the UK can share in the rewards. It sets out our ambition to build an economy that is open for business and exports UK technology and expertise around the globe.<\/p>"}
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], "questionText" : "To ask Mr Chancellor of the Exchequer, pursuant to the answer of the 10 July 2017 to Question 2747, how the Government plans to ensure that the industrial strategy drives productivity, creates jobs and ensures sustainable economic growth across the UK after the UK leaves the EU", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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