Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government what further measures are planned between now and 2020 to increase UK productivity measured as gross domestic product per hour.
In addition to fully implementing the Government’s Productivity Plan (published in 2015), my Rt Hon Friend the Chancellor of the Exchequer announced a new National Productivity Investment Fund (NPIF) as part of the Autumn Statement. This will be targeted at 4 areas that are critical for improving productivity: housing, transport, digital communications, and research and development (R&D). Productivity will also be a key underlying theme of the Government’s forthcoming Industrial Strategy.