Select Committee · Treasury Committee

Jobs, growth, and productivity after coronavirus

Status: Closed Opened: 1 Apr 2021 Closed: 7 Feb 2023 7 recommendations 10 conclusions 1 report

This inquiry will examine how the Government can reduce the impact of the Covid-19 pandemic on economic growth and employment rates. It will look at: What difference government policy can make to economic growth Why the UK’s productivity growth is persistently weak How successful the Government’s response to the pandemic has been in protecting jobs …

Reports

1 report

Title	HC No.	Published	Items	Response
Fourth Report - Jobs, growth and productivity after coronav…	HC 139	13 Jul 2022	17	Responded

Recommendations & Conclusions

4 items

2 Conclusion Fourth Report - Jobs, growth and produc… Accepted

Although witnesses were generally in agreement with the broad aims and priorities in the Plan...

Although witnesses were generally in agreement with the broad aims and priorities in the Plan for Growth, there was some dissatisfaction in both written and oral evidence with other aspects. It was suggested that there was a lack of detail and a lack of collaboration with businesses and regional bodies, …

Government response. The government states that the Plan for Growth is an overarching framework which helps to support a whole-Government approach to delivering long-term growth, and outlines processes already in place.

HM Treasury

4 Conclusion Fourth Report - Jobs, growth and produc… Accepted

The Government as a whole is spending a large amount of money and time on...

The Government as a whole is spending a large amount of money and time on devising growth strategies and policies. It is important to have a robust, overarching strategy for this that drives co-ordination across departments. This function may well sit best in the Treasury. However, it is unclear to …

HM Treasury

5 Recommendation Fourth Report - Jobs, growth and produc… Accepted

In its response to this Report, the Treasury should set out how it is making...

In its response to this Report, the Treasury should set out how it is making the Plan for Growth an effective successor to the Industrial Strategy, given that it is not taking on additional resources for this purpose, and in particular the steps it is taking to ensure co-operation across …

HM Treasury

13 Conclusion Fourth Report - Jobs, growth and produc… Accepted

The target to spend 2.4 per cent of GDP on research and development (R&D) is...

The target to spend 2.4 per cent of GDP on research and development (R&D) is an important aspect of growth policy. We re-iterate our disappointment over the pushing-back of the target to spend £22 billion of public money on R&D and continue to warn against any further slippage. (Paragraph 105) …

Government response. Government spending on R&D will increase to £20 billion a year by 2024–25, a cash increase of around a third compared to 2021–22.

HM Treasury

Correspondence

4 letters

Date	Direction	Title
24 Nov 2022	—	Correspondence from the Exchequer Secretary to the Treasury relating to the Com…
24 Nov 2022	—	Correspondence from the Chair to the Exchequer Secretary to the Treasury relati…
23 Nov 2022	—	Correspondence from the Chair to the Exchequer Secretary to the Treasury relati…
23 Nov 2022	—	Correspondence from the Exchequer Secretary to the Treasury relating to the Com…

Accepted	4
Acknowledged	7
Deferred	1
Not Addressed	1
Rejected	1