Consumers: Expenditure

(asked on 21st June 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the change in the level of consumer spending in the UK.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 1st July 2019

The Office for National Statistics (ONS) produces both quarterly and annual estimates of household final consumption expenditure (HHFCE).

Household consumption grew by 1.8% in 2018, supported by a strong labour market which has seen the unemployment rate at its lowest since 1975, and regular wages outstripping inflation for over a year. The Office for Budget Responsibility (OBR) forecast consumption to grow in every year of their forecast.

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