Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the total value of planned capital investment that will be brought forward into the two-year eligibility period for super-deduction from future financial years.
The OBR provides independent scrutiny of Budget measures (and considers HM Treasury analysis as part of this process). The OBR has said that, at its peak in the financial year 2022-23, the super-deduction will bring forward 10% of business investment with a value of £20bn.
The economic impacts of the super-deduction are incorporated in the OBR’s forecasts contained within its Economic and Fiscal Outlook, which is available online.