PARLIAMENTARY WRITTEN QUESTION
Economic Growth: Inequality (12 July 2017)
Question Asked
To ask Mr Chancellor of the Exchequer, whether his Department has commissioned research on projected levels of inequality and economic growth.
Asked by:
Kirsty Blackman (Scottish National Party)
Asked by:
Kirsty Blackman (Scottish National Party)
Answer
The independent Office for Budget Responsibility (OBR) is tasked with creating the forecasts for economic growth on which the government sets fiscal policy. These are published in the ‘Economic and fiscal outlook’, most recently at the Spring Budget 2017. At Spring Budget 2017, the OBR revised up growth in 2017 to 2.0%, but revised it slightly down thereafter.
There are no official projections of inequality. The latest data from the Office for National Statistics show that inequality reached a 30-yr low last year.
Answered by:
Steve Barclay (Conservative)
17 July 2017
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