Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made on the potential impact of reduced pharmaceutical investment on the economy.

The Government monitors a wide range of indicators to assess the UK’s economic performance. Official economic forecasts and assessments of policy impacts are set out in the Office for Budget Responsibility’s (OBR) Economic and Fiscal Outlook documents, the most recent of which was published in March 2025. The next publication will be in November 2025, providing further assessment of the UK’s economic performance.

The Government recognises the pharmaceutical industry’s vital contribution to the UK economy through creating high-value jobs, driving innovation, and improving public health through access to effective treatments.