Question to the HM Treasury:
To ask His Majesty's Government what estimate they have made of the level of (1) welfare spending, (2) tax receipt growth, and (3) day-to-day public services spending, in 2029–30.
According to the latest forecasts produced by the Office for Budget Responsibility (OBR), as part of the Economic and Fiscal Outlook (EFO) - Table A.7 and A.9:
(1) Welfare expenditure is forecast to be £389.4 billion in 2029-30.
(2) Tax receipts are forecast to be £1,483 billion in 2029-30.
(3) Day-to-day public services spending (PSCE in RDEL) is forecast to be £589.1 billion in 2029-30.