National Income
The question
To ask the Chancellor of the Exchequer, what recent estimate she has made of the change in GDP per capita by 2030.
Answered by Tulip Siddiq
GDP per capita is projected by the independent Office for Budget Responsibility (OBR) to grow by an annual average of 1.1% over this parliament.
The government, as set out in the Plan for Change, is committed to kickstarting economic growth. This will fund our public services, lead to more people in good jobs, higher living standards and productivity growth in every part of the United Kingdom.
As set out at the Autumn Budget 2024, through the seven pillars of the growth mission, the Government is restoring stability, increasing investment, and reforming the economy. Growth can only be achieved in partnership with business, so we will develop and deliver these policies together.
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