Disposable Income: Wales
The question
To ask the Chancellor of the Exchequer, what assessment has her department made of the potential impact of the Autumn Budget 2025 on the forecasts for (a) living standards (b) Real Household Disposable Income in Wales, as compared to the pre-Autumn Budget 2025 forecasts.
Answered by James Murray
HM Treasury does not prepare forecasts for the UK economy. Forecasts, including for RHDI per person, are the responsibility of the independent Office for Budget Responsibility (OBR).
In their November forecast, after accounting for the effects of policy, the OBR forecasts real household disposable income per person to rise by 2.9% over this Parliament.
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