Economic Growth
Treasury
Written answers and statements, 3 November 2009
David Jones (- Deputy Secretary of State for Wales, Shadow Minister; Clwyd West, Conservative)
To ask the Chancellor of the Exchequer what his most recent assessment is of the level of growth in the UK economy compared with those of other OECD economies; and if he will make a statement.
Liam Byrne (Chief Secretary, HM Treasury; Birmingham, Hodge Hill, Labour)
All member economies of the OECD have been affected by the global recession. The OECD's Interim Assessment in September noted that there are signs of confidence returning across the world economy and to financial markets. However, complacency remains our biggest risk and the G20 Finance Ministers have agreed to continue delivering the necessary support measures until recovery is secured. The Chancellor will publish his latest assessment of conditions in the UK and world economies in the Pre-Budget Report later this autumn.