(13 years, 2 months ago)
Commons Chamber4. What recent assessment he has made of the effect on the economy of trends in the rate of inflation.
8. What recent assessment he has made of the effect on the economy of trends in the rate of inflation.
The Government consider a range of factors when making their assessment of the United Kingdom economy. The Office for Budget Responsibility is responsible for producing independent economic and fiscal forecasts. The OBR published a full analysis of recent developments and the prospects for growth and inflation in its forecast at the time of the Budget.