Productivity

(asked on 26th October 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what progress has been made in implementing the reforms set out in Fixing the foundations: creating a more prosperous nation, published in July 2015; and whether he plans to continue to monitor the recommendations set out in that document.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 2nd November 2016

The government has made substantial progress in implementing the policies in “Fixing the foundations: Creating a more prosperous nation.” This includes: publishing a new National Infrastructure Delivery Plan which details £100 billion of planned public investment in infrastructure to 2020-21; finalising funding bands for the apprenticeship levy and setting it at 0.5% of an employer’s pay bill for employers with pay bills over £3 million; legislating for key planning reforms through the Housing and Planning Act such as automatic permission in principle on brownfield sites; signing eight mayoral devolution deals with regions across England including Liverpool, Sheffield and East Anglia; and increasing the Annual Investment Allowance to £200,000, its highest ever permanent level. The government is continuing to monitor the progress being made through mechanisms such as the Single Departmental Plans.

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