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1064051

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he has taken to increase the productivity of the UK economy.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223249
	answer	answer is ministerial correction date of answer 22/02/2019 answer text <p>Autumn Budget announced the next steps we are taking to boost productivity. This includes increasing the National Productivity Investment Fund to more than £37bn to fund important investments in our infrastructure. We are also setting up the National Roads Fund which will provide vital improvements to our road network, piloting new approaches to rural fibre rollout, and supporting new technologies such as artificial intelligence.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:43:02 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064082

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in economic productivity in the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223482
	answer	answer is ministerial correction date of answer 22/02/2019 answer text <p>The only sustainable way to raise wages, boost living standards, and increase growth is to boost UK productivity.</p><p> </p><p>Since 2010 we have provided over half a trillion pounds in capital investment, increased investment in skills, and reduced taxes for businesses. At the Autumn Budget, we took further action to increase productivity.</p><p> </p><p>Productivity grew by 0.2% in the last quarter (Q4 2018) and is now 1.9% above its pre-crisis peak. Slow productivity growth since the crisis has not been a phenomenon exclusive to the UK, but across the G7.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 22/02/2019 13:45:12 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064083

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Productivity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what proportion of productivity growth in the last five years can be attributed to financial technology.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223494
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The government has not made an assessment of the proportion of productivity growth in the last five years that is attributable to financial technology.</p><p> </p><p>However, the Government has taken significant steps to increase competition in financial services, including creating an environment in which Fintech firms can grow and compete with incumbents. The Competition and Market Authority has led the Open Banking initiative, bringing more competition and innovation to financial services. The FCA has also established the Innovation Hub and Regulatory Sandbox to support Fintech, both of which are held up as global examples of best practice. Further information on the Government’s efforts to promote FinTech can be found in the FinTech Sector Strategy, published in March 2018.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 27/02/2019 16:00:31 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064084

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Employment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in the employment rate in the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223495
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The employment rate is currently at a record high of 75.8%.</p><p> </p><p>There are currently a record 32.5 million people in work. Over the last year, employment growth has been driven almost entirely by high skilled jobs and full-time workers.</p><p> </p><p>Since the 2010 election we’ve seen over 3.5 million more people in employment – equivalent to an average of over 1,000 extra people in work every single day.</p><p> </p><p>This is alongside an unemployment rate which has not been lower since 1975, wages growing at the fastest pace in over a decade, and 9 consecutive months of real wage growth.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/02/2019 12:38:42 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1064085

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the level of Foreign Direct Investment into the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223496
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>Since 2010 we have significantly lowered the headline rate of Corporation Tax from 28% down to 19% today – the lowest in the G20, with further cuts to 17% legislated by 2020.</p><p> </p><p>We have also created a world-leading offer on creative sector tax reliefs, given significant support for R&amp;D investment through the tax system, and introduced the Patent Box regime to attract international investment in intellectual property to the UK.</p><p> </p><p>These steps have helped to create a highly competitive and FDI-friendly business environment.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 26/02/2019 15:18:46 answering member 4320 label Biography information for Robert Jenrick
	tabling member	1586 label Biography information for Adam Afriyie

1064086

	registered interest
	date	19/02/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Africa: Tax Evasion
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Development, what steps her Department has taken to reduce tax evasion in Africa.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223497
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>Tackling tax evasion is a priority for DFID as part of our Transparency Agenda, Addis Tax Initiative commitments and the UK Anti-Corruption Strategy.</p><p> </p><p> </p><p>Since 2013 DFID has supported the Global Forum for the Exchange of Information for Tax Purposes through its International Tax Transparency Programme. The Global Forum helps countries tackle tax evasion by strengthening global tax transparency and international cooperation. The Global Forum now has over 150 members and DFID supports its Africa Initiative to strengthen transparency and the exchange of information across Africa.</p><p> </p><p> </p><p> </p><p>HMRC and DFID continues to work alongside the Global Forum with other jurisdictions such as Egypt, Ghana and Nigeria; alongside the African Tax Administration Forum in Uganda and independently in Montserrat to support the implementation of the Automatic Exchange of Information.</p><p> </p><p> </p><p> </p><p>DFID’s announcement on the 19 February of a new £47m package of support for Tax for Development will further boost efforts to help countries in Africa and elsewhere to tackle this important issue.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 26/02/2019 17:07:41 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1586 label Biography information for Adam Afriyie

1064087

	registered interest
	date	19/02/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Africa: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Development, how much additional tax revenue will be raised by Governments in Africa as a result of support by her Department by the year 2022-23.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	223498
	answer	answer is ministerial correction date of answer 26/02/2019 answer text <p>DFID’s support will help strengthen developing country capacity to raise domestic resources, including through assistance in the implementation of international tax standards. Although many factors impact on revenue growth, so forecasts are not available, past DFID tax programmes have proved to be great value for money. For example, the OECD’s Tax Inspectors Without Borders initiative, which assists developing countries to implement international tax standards, has generated an additional £100 for every £1 spent on operating costs.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 26/02/2019 17:09:34 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1586 label Biography information for Adam Afriyie

106426

	registered interest
	date	04/11/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Primary Education: Free School Meals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Education, what assessment she has made of the potential costs and benefits of the introduction of universal infant free school meals in the UK.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	213397
	answer	answer is ministerial correction date of answer 10/11/2014 answer text <p>The Department for Education is responsible for the introduction of the requirement that state-funded schools in England should offer universal infant free school meals, which came into effect on 1 September 2014.</p><p> </p><p>Between 2009 and 2011 the Department for Education and the Department of Health piloted the provision of universal free school meals in Durham and Newham. The independent evaluation of those pilots showed that there were a number of benefits arising from the provision of universal free school meals, including improved attainment, healthier eating habits and increases in the uptake of meals among children who would have been eligible for free school meals under the existing criteria. We also know, from research carried out by the School Food Trust (now Children’s Food Trust), that universal infant free school meals will save families who previously paid for school lunches up to £400 a year per infant child.</p><p> </p><p>The Department has used School Food Trust research into the costs of school meal provision, as well as feedback from local authorities and stakeholders, to inform the allocation of funding for this policy and the targeting of implementation support. In particular, this research informed the decision to allocate £2.30 of revenue funding per meal taken by newly eligible pupils.</p><p> </p> answering member constituency Yeovil answering member printed Mr David Laws question first answered 10/11/2014 17:27:32 answering member 1473 label Biography information for Mr David Laws
	tabling member	1586 label Biography information for Adam Afriyie

1082271

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Crowdfunding
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the competitiveness of the UK peer-to-peer lending sector compared to (a) the US, (b) China and (c) the rest of the world.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	228623
	answer	answer is ministerial correction date of answer 13/03/2019 answer text <p>The Government has introduced a robust and proportionate regulatory regime for peer-to-peer (P2P) lending, balancing the need for consumer protection with allowing the sector to grow, innovate and provide competition in the lending market.</p><p> </p><p>The British Business Bank’s Small Business Finance Markets 2018/19 report sets out that P2P business lending increased to nearly £2.3bn in 2018, and assesses the P2P business lending markets in the UK, the USA and China. The report notes that the increased regulation in the P2P market in the UK has been mostly seen as positive, in contrast to China where regulators were slow to address the sector, leading to opportunities for fraudulent activity.</p><p> </p><p>The UK has been independently ranked by EY and Deloitte as the world’s leading hub for Fintech – the best place in the world to start and grow a Fintech firm. The Government is committed to ensuring that it remains the best place in the world for Fintech, and has set out how it intends to do that in the ambitious Fintech Sector Strategy, launched in March 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/03/2019 17:03:31 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1082272

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	type	WrittenParliamentaryQuestion
	uin	228624
	answer	answer is ministerial correction date of answer 11/03/2019 answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:11:56 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie