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Written question asked by Bell Ribeiro-Addy (Labour) on Tuesday, 24 June 2025, in the House of Commons. It was due for an answer on Thursday, 26 June 2025. It was answered by Emma Reynolds (Labour) on Monday, 30 June 2025 on behalf of the Treasury.


Basic Income

Question

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential implications for her policies of international trials of universal basic income.

Answer

HM Treasury does not prepare forecasts for the UK economy. These forecasts, including any assessment of the macroeconomic impact of policy decisions, are the responsibility of the independent Office for Budget Responsibility (OBR).

The OBR publish their forecast in their Economic and Fiscal Outlook (EFO). The OBR’s latest EFO can be found here: Economic and fiscal outlook – March 2025 - Office for Budget Responsibility. This includes the OBR’s assessment of government policy announced at Spring Statement 2025.

Universal Basic Income is not a government policy and therefore no assessment has been made of its economic or distributional impacts.


Secondary information

Type
Written question
Reference
62232
Session
2024-26
Grouped for answer
Yes
Subjects
Pilot schemes Basic income
Link
View this Written question on www.parliament.uk