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Written Question
Productivity
Tuesday 17th April 2018

Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)

Question to the HM Treasury:

What discussions he has had with Cabinet colleagues on increasing productivity through the development and deployment of new technologies.

Answered by Andrew Jones

Treasury ministers regularly discuss the opportunities of new technologies with Cabinet colleagues.

To boost research into and development of new technologies, we have increased support for in R&D to the highest level in 30 years (probably ever) through raising investment and increasing the main rate of R&D tax credits.

At Budget, we committed over £75 million to support the development and deployment of Artificial Intelligence in the UK, which has immense potential to increase productivity.

Speech in Commons Chamber - Tue 16 Jan 2018
Oral Answers to Questions

"T1. If he will make a statement on his departmental responsibilities...."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Tue 16 Jan 2018
Oral Answers to Questions

"Does my right hon. Friend agree that lowering business taxes, as this Government have done, is not a race to the bottom but is vital in building and maintaining the strong economy on which we all depend?..."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Oral Answers to Questions
Written Question
Apprentices
Tuesday 24th October 2017

Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Education on the effect of public investment in skills on the number of young people taking up apprenticeships since 2010.

Answered by Andrew Jones

Treasury ministers have engaged on a regular basis with the Secretary of State for Education to monitor the Government’s public investment in skills, and the impact it has had on young people taking apprenticeships. We will have doubled spending on apprenticeships in the decade to 2020, which will allow us to achieve 3m apprenticeship starts in England by 2020 and give people the best start to their careers. In 2015-16 56% of all apprenticeship starts came from those aged under 25.

Speech in Commons Chamber - Tue 18 Jul 2017
Oral Answers to Questions

"T5. Will my right hon. Friend, for the benefit of the House, confirm the cost to the economy of cancelling student debt, say whether that is affordable and explain what effect it would have on the work we have done to reduce the deficit?..."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Oral Answers to Questions
Written Question
Treasury: Chief Scientific Advisers
Thursday 2nd February 2017

Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether there is a vacancy for a Chief Scientific Advisor to the Treasury.

Answered by David Gauke

Following the departure of the previous Chief Scientific Adviser to the Treasury in November 2016, the Treasury expects to appoint a new Chief Scientific Adviser in due course.

Speech in Commons Chamber - Wed 23 Nov 2016
Autumn Statement

"There is much to be welcomed in the Chancellor’s statement, particularly the warm words about the strength of our science and technology endeavours, especially in the light of the recent Science and Technology Committee report that called for a rise in spending on R and D to 3% of GDP. …..."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Autumn Statement
Speech in Commons Chamber - Thu 09 Jun 2016
Oral Answers to Questions

"1. What steps his Department is taking to ensure the greatest possible engagement by children and young people in the commemoration of the first world war...."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Thu 09 Jun 2016
Oral Answers to Questions

"My “Forget Never” project, commemorating the 100th anniversary of the Battle of the Somme and supported by the Heritage Lottery Fund, is already getting young people from across Basildon thinking about the important events of 100 years ago. Will my right hon. Friend therefore join me in encouraging more young …..."
Stephen Metcalfe - View Speech

View all Stephen Metcalfe (Con - South Basildon and East Thurrock) contributions to the debate on: Oral Answers to Questions
Written Question
Living Wage
Tuesday 27th October 2015

Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the National Living Wage on wage growth.

Answered by Damian Hinds

The National Living Wage will mean a full-time minimum wage worker benefiting from the policy will earn over £4,800 more by 2020 in cash terms, a 40% rise on their current wage. Additionally, due to the ripple effect, up to a quarter of workers will see some benefit. The OBR estimate that economy wide wages will be on average 0.4% percentage points higher in 2020 due to the NLW.