Insurance

Treasury written question – answered on 17th June 2014.

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Photo of Frank Dobson Frank Dobson Labour, Holborn and St Pancras

To ask the Chancellor of the Exchequer what assessment he has made of the contribution to economic growth of payment protection insurance repayments.

Photo of Andrea Leadsom Andrea Leadsom The Economic Secretary to the Treasury

The Office for Budget Responsibility (OBR) is responsible for producing independent economic and fiscal forecasts. The effects of payment protection insurance repayments were taken into account in their latest forecast of the economy, published in the March 2014 Economic and Fiscal Outlook.

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