Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the forecast by the Office for Budget Responsibility that business investment may decline in 2026.

HM Treasury does not prepare forecasts for the UK economy. These forecasts, including assessments of the impact of policy decisions, are the responsibility of the independent Office for Budget Responsibility (OBR). The OBR publishes its forecast in the Economic and Fiscal Outlook (EFO). The OBR’s latest EFO is available here: https://obr.uk/efo/economic-and-fiscal-outlook-november-2025/

Our economic strategy to deliver growth is investment across the public and private sectors, and in every part of the country. Our modern Industrial Strategy is making a difference. We have taken bold action by tearing up red tape with plans to reduce business regulatory costs, delivering the biggest planning reforms in a generation and reducing electricity bills for over 7000 businesses.