PARLIAMENTARY WRITTEN QUESTION
(10 March 2025)
Question Asked
To ask the Chancellor of the Exchequer, whether her Department has considered the marginal propensity to consume when developing policies affecting individuals since 5 July 2024.
Asked by:
Blake Stephenson (Conservative)
Asked by:
Blake Stephenson (Conservative)
Answer
The marginal propensity to consume influences the level of consumption in the economy, and is relevant for economic forecasting.
HM Treasury considers data on household consumption published by the Official for National Statistics as part of its ongoing monitoring of the economy.
HM Treasury does not prepare forecasts for the UK economy, including assessments of the impact of policy decisions on UK household consumption. These forecasts are the responsibility of the independent Office for Budget Responsibility (OBR).
The OBR’s next forecast will be published on the 26th March 2025.
Answered by:
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