Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of (a) the world economic outlook published by the IMF in April 2023 and (b) the projections for the UK economy included in that publication.

The IMF growth forecast for the UK 2023 has been upgraded by more than any other G7 country. The IMF say we are on the right track for economic growth.

As well as increasing growth in the medium term, reforms in the Spring Budget also boost sustainable economic growth over the long term – the impact of which will not have been included within the IMF’s forecast horizon of 2024.