Written question asked by Mike Wood (Conservative) on Monday, 6 January 2025, in the House of Commons. It was due for an answer on Wednesday, 8 January 2025. It was answered by Tulip Siddiq (Labour) on Monday, 13 January 2025 on behalf of the Treasury.

Economic Situation

Question: To ask the Chancellor of the Exchequer, with reference to the policy paper entitled Plan for Change, published on 5 December 2024, CP1210, what metrics she plans to use to measure economic stability beyond gross domestic product.

Answer

The government’s Plan for Change can only be delivered on the foundation of a stable economy.

Achieving economic stability requires macroeconomic stability, which gives firms and households the certainty to plan spending and investment; financial stability, which supports the real economy and ensures we can withstand shocks; fiscal credibility, which keeps inflation expectations anchored; and long-term policy certainty, which encourages investors. The Autumn Budget took significant steps to restore stability to public finances and improve our public services. Only by achieving stability can we grow the economy and keep both taxes and inflation low.

The breadth of economic stability will require the use of many metrics to track it. These may include measures of price stability and inflation; measures of policy uncertainty; and a range of financial market indicators.

Secondary information

Type: Written question
Reference: 22013
Session: 2024-26
Related items: Plan for Change: Milestones for mission-led government
Thursday, 5 December 2024
Command papers
House of Commons
House of Lords; Economic Situation: Government Securities
Monday, 3 March 2025
Written questions
House of Commons
Subjects: Economic situation
Link: View this Written question on www.parliament.uk

Economic Situation

Secondary information

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