Skip to main content

Written question asked by Lord Empey (Ulster Unionist Party) on Thursday, 12 February 2026, in the House of Lords. It was due for an answer on Thursday, 26 February 2026. It was answered by Lord Livermore (Labour) on Monday, 23 February 2026 on behalf of the Treasury.


Economic Growth

Question

To ask His Majesty's Government what assessment they have made of the figures for economic growth in the last 12 months and how does that outcome compare with their economic growth objectives.

Answer

In 2025, UK GDP grew by 1.3%, which was the fastest rate of economic growth among the European G7. GDP per capita strongly accelerated, growing by 1.0% in 2025 after no growth in 2024 and a 1.0% fall in 2023. GDP per capita is now 0.9% above pre-election levels, whereas it declined by 0.2% in the previous Parliament.


Secondary information

Type
Written question
Reference
HL14581
Session
2024-26
Subjects
Economic growth
Link
View this Written question on www.parliament.uk