Eddie Hughes
Main Page: Eddie Hughes (Conservative - Walsall North)Department Debates - View all Eddie Hughes's debates with the HM Treasury
(5 years, 5 months ago)
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Elizabeth Truss
The reality is that that we have got a record number of people into work. Universal credit has been shown to help more families get into work, and it has made work pay. We have also made adjustments to universal credit to shorten the wait time, and we have put in an extra £630 a week for families.
Eddie Hughes (Walsall North) (Con)
It has been a while since I asked the Chancellor about the blockchain and distributed ledger technology, so I was hoping that he could present an update on how the Treasury is embracing this new technology.
John Glen
I thank my hon. Friend for his question. The UK’s digital economy is thriving and is growing 10 times as fast as the wider economy. We are pursuing a range of measures to reinforce that leading position, and that involves implementing a 10-year action plan to unlock over £20 billion in finance growth in innovative firms and a further £7 billion for research and development since 2016, with internationally competitive research and development tax reliefs to support investment.