As part of our measures to promote the UK to foreign investors and encourage them to locate their Headquarters in the UK, we have cut our corporate tax to 21 per cent and will reduce it further to 20% in 2015. We offer R&D tax credits, and companies placing intellectual property here can take advantage of the Patent Box.<\/p>
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These lower barriers to market entry allow easier access to the UK\u2019s lucrative $65bn telecoms sector and also the wider European market. UK Trade & Investment (UKTI) and its partners in Northern Ireland, Scotland and Wales coordinate the attraction of Foreign Direct Investment working with local partners and overseas Posts.<\/p>
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Most of the major global companies in the telecoms sector have a UK presence. Key account management has been introduced for a number of these through a cross-Government \u201cStrategic Relationships Team\u201d, to provide a central point of contact to help reach government efficiently.<\/p>
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We are investing over £780 million to achieve a transformation in broadband in the UK, and large parts of the country will have access to high speed 4G mobile broadband services, with 98 per cent coverage in place by 2017.<\/p>
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<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "dateOfAnswer" : {"_value" : "2014-11-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-06T17:06:00.74624Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Telecommunications: Foreign Investment in UK"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to promote the UK as a hub for global trade to foreign investors involved in the telecoms industry.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1388", "label" : {"_value" : "Biography information for Lord Dodds of Duncairn"} } , "tablingMemberConstituency" : {"_value" : "Belfast North"} , "tablingMemberPrinted" : [{"_value" : "Mr Nigel Dodds"} ], "uin" : "212747"} , {"_about" : "http://data.parliament.uk/resources/101943", "AnsweringBody" : [{"_value" : "Department for Environment, Food and Rural Affairs"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101943/answer", "answerText" : {"_value" : "
Animal welfare matters are devolved and no specific assessment of the effectiveness of co-operation between the devolved administrations and Defra has been made. However, we have regular dialogue with colleagues in the devolved administrations on issues relating to animal welfare.<\/p>
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