Economic Growth: Equality

(asked on 17th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department has commissioned research on projected levels of inequality and economic growth since the date of the EU referendum.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 20th July 2017

The independent Office for Budget Responsibility is tasked with creating the forecasts for economic growth on which the government sets fiscal policy. These are published in the ‘Economic and fiscal outlook’, most recently at the Spring Budget 2017. At Spring Budget 2017, the OBR revised up growth in 2017 to 2.0%.

There are no official projections of inequality. The latest data from the ONS show that inequality reached a 30-yr low last year.

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