Written question asked by Gregory Campbell (Democratic Unionist Party) on Thursday, 9 January 2025, in the House of Commons. It was due for an answer on Tuesday, 14 January 2025 (named day). It was answered by Tulip Siddiq (Labour) on Tuesday, 14 January 2025 on behalf of the Treasury.

National Income

Question: To ask the Chancellor of the Exchequer, what recent estimate she has made of the change in GDP per capita by 2030.

Answer

GDP per capita is projected by the independent Office for Budget Responsibility (OBR) to grow by an annual average of 1.1% over this parliament.

The government, as set out in the Plan for Change, is committed to kickstarting economic growth. This will fund our public services, lead to more people in good jobs, higher living standards and productivity growth in every part of the United Kingdom.

As set out at the Autumn Budget 2024, through the seven pillars of the growth mission, the Government is restoring stability, increasing investment, and reforming the economy. Growth can only be achieved in partnership with business, so we will develop and deliver these policies together.

Secondary information

Type: Written question
Reference: 22886
Session: 2024-26
Subjects: National income
Contains statistics: Yes
Link: View this Written question on www.parliament.uk

National Income

Secondary information

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