Economic Growth and Investment

(asked on 17th March 2025) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to modifying their plans set out in the 2024 Autumn Budget to encourage greater investment and growth.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 25th March 2025

The Government is committed to delivering a decade of national renewal by fixing the foundations of the economy and rebuilding Britain, making every part of the country better off. The growth mission is the central mission of the Government. Through the growth mission, the Government is restoring economic stability, increasing investment, and reforming the economy to drive up prosperity and living standards across the UK.

The Government has made significant progress on its plan for growth. The Autumn Budget 2024 fixed the foundations of our economy by putting in place measures to support economic and fiscal stability. It also set out that the government will invest over £35 billion in economic infrastructure in 2025-26 to get Britain moving and spur regional growth. The OBR judged that policies announced at the Autumn Budget 2024 will, if sustained, permanently increase the size of the economy in the long term. The Government is committed to working further and faster to secure growth, which is why the Chancellor recently announced her support for a third runway at Heathrow and plans to deliver the Oxford-Cambridge Growth Corridor.

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