Economic Situation
(asked on 5th January 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the size of the economy (a) at the time of the EU referendum on 23 June 2016 (b) on 5 January 2022.
This question was answered on 10th January 2022
The independent Office for National Statistics (ONS) is responsible for measuring the size of the economy. In the second quarter of 2016, the size of the economy as measured by current price – or nominal GDP, was estimated at £502,284 million. The latest data, for the third quarter of 2021 estimate that the size of the economy was £587,198 million. Data for the first quarter of 2022 will be published in May 2022.
The independent Office for National Statistics (ONS) is responsible for measuring the size of the economy. In the second quarter of 2016, the size of the economy as measured by current price – or nominal GDP, was estimated at £502,284 million. The latest data, for the third quarter of 2021 estimate that the size of the economy was £587,198 million. Data for the first quarter of 2022 will be published in May 2022.