Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the value to the British economy of unpaid household work.
The Government has provided the Office for National Statistics (ONS) with an additional £25 million to help implement the recommendations of Sir Charles Bean’s 2016 Review of Economics Statistics, including through an initiative called ‘Beyond GDP’ that aims to address the limitations in GDP by developing broader measures of welfare and activity. Part of this work is looking to improve estimates of unpaid household work, and integrate them into extended measures of GDP such as Net Inclusive Income.