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Written question asked by Lord Barnett (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Wednesday, 8 December 2010.


Spending Review 2010

Question
To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 23 November (WA 321), what is the latest fiscal position of the United Kingdom; and how this compares to May 2010.
Answer

In its pre-Budget forecast, the Office for Budget Responsibility (OBR) forecast that public sector net borrowing would be 10.5 per cent of gross domestic product (GDP) in 2010-11. In its autumn forecast, the OBR forecast that public sector net borrowing will be 10.0 per cent of GDP in 2010-11.


Secondary information

Type
Written question
Reference
4866; 723 c67WA
Session
2010-12
Related items
Public Sector: Borrowing
Monday, 20 December 2010
Written questions
House of Lords
Spending Review 2010
Tuesday, 23 November 2010
Written questions
House of Lords
Subjects
Public sector debt
Link
View this Written question on www.publications.parliament.uk