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Inflation

Asked by Joe RobertsonConservativeTreasuryTabled Answered 1 April 2025UIN 40773

The question

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) the Autumn Budget 2024 and (b) Extended Producer Responsibility on inflation in 2025.

Answered by Emma Reynolds

The independent Office for Budget Responsibility (OBR) publish their Economic and Fiscal Outlook (EFO) where they assess inflation, including the impact of policy. In their October 2024 EFO they assessed policies announced at Autumn Budget 2024. Since then, they have released an updated forecast on 26th March, this forecast takes Government policy, regulation, and external factors into account as well.

There is an impact assessment of the Extended Producer Responsibility system published, where the systems impact on inflation can be found. https://assets.publishing.service.gov.uk/media/623efc968fa8f5276d1f9ec0/epr-final-impact-assessment.pdf

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