Consumers: Expenditure

(asked on 12th January 2017) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what plans they have to encourage consumer spending during the period of negotiations for leaving the EU.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
This question was answered on 24th January 2017

Consumer spending is proving to be resilient, growing by 2.6% in Q3 2016 compared to Q3 2015. The OBR forecast household consumption will continue to grow in 2017 and onwards. The government is taking targeted action to help people’s money go further: freezing fuel duty, providing affordable housing, raising the personal allowance and the National Living Wage.

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