Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential implications for his policies of the productivity forecast in the Office for Budget Responsibility’s report entitled Economic and Fiscal Outlook, published on 26 March 2025.

The Office for Budget Responsibility is an independent macroeconomic forecasting body. As such it would not be appropriate for us to comment on the specifics of its forecasts.

The Government’s forthcoming Industrial Strategy White Paper has an explicit ambition to support productivity, as well as economic growth, jobs, and wages across the UK, by delivering a credible 10-year plan which provides the certainty and stability businesses need to invest in the high-growth sectors that will drive our growth in the future.