Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the OECD's United Kingdom Economic Snapshot published in June 2022, what assessment he has made of the implications for his Department’s policies over the next twelve months of the zero per cent growth forecast for GDP in 2023.

Annual growth in 2021 was the fastest in the G7, and GDP data for Q1 2022 showed the UK had the joint fastest growth in the G7.

The Office for Budget Responsibility are the government’s official forecaster, and they will update their forecasts for UK GDP in the Autumn.

Like other advanced economies, the UK is affected by global economic challenges, including the unprovoked Russian invasion of Ukraine. Support provided over the past two years has put the UK economy in a good position to deal with these challenges, with a record number of employees on payrolls and a strong economic recovery from the pandemic.

The government has also taken significant action to support households with the cost of living, totalling around £37bn this year.