Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of the Spring Statement of 26 March 2025 on levels of business confidence in (a) Fylde constituency and (b) Lancashire.

HMT monitors several business confidence and activity measures, none of which are available at the constituency level. According to the Lloyds Business Barometer, in June UK business confidence rose to its highest level since November 2015.

HMT does not produce forecasts of the UK economy. Forecasting the economy, including the impact of Government policy decisions, is the responsibility of independent Office for Budget Responsibility (OBR). The OBR does not publish estimates of the impact of policy decisions on business confidence.