Part of the debate – in the House of Lords at 3:10 pm on 16 September 2025.
Lord Livermore
The Financial Secretary to the Treasury
3:10,
16 September 2025
My Lords, UK GDP grew by 0.2% in the three months to July 2025, following an increase of 0.3% in the three months to June. Overall, the economy grew by 1% in the first half of this year, well above the OBR forecast of 0.6%. This means the UK was the fastest-growing economy in the G7 over this period. Of course, we want to go further, which is why economic growth remains the Government’s number one priority.