Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the implications for economic growth of tax reaching a forecast 38.5 per cent of GDP.

The government has made fair and necessary choices on tax so it can deliver on the public’s priorities. The UK’s current tax-to-GDP ratio remains in the middle of the pack within the G7.

Whilst the government does not publish forecasts of economic growth, the Office for Budget Responsibility (OBR) published their latest Economic and Fiscal Outlook (EFO) in March 2026, including forecasts for economic growth.