G7

(asked on 31st October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the factors effecting the UK's position in the G7 growth table.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 5th November 2018

Since 2010, our economy has grown for 8 consecutive years and we’ve seen faster growth than France, Italy and Japan over this period. As a result, the UK economy is currently 17.1% larger than it was in 2010, and 10.8% larger than its pre-crisis peak.

The fundamentals of our economy are strong and the independent Office for Budget Responsibility revised up its forecast for cumulative GDP growth at Autumn Budget 2018.

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