Economic Growth

(asked on 25th March 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment she has made of recent trends in economic growth.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Economic Secretary (HM Treasury)
This question was answered on 1st April 2025

The independent Office for Budget Responsibility (OBR) are the Government’s official economic forecaster. They published their Economic and Fiscal Outlook (EFO) on 26th March. They forecast GDP growth to be 1.0% in 2025, 1.9% in 2026, 1.8% in 2027, 1.7% in 2028 and 1.8% in 2029.

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