Economic Growth

Treasury written question – answered on 9th July 2014.

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Photo of Nigel Dodds Nigel Dodds Shadow Spokesperson (Justice), Shadow Spokesperson (Foreign and Commonwealth Affairs), DUP Westminster Leader

To ask the Chancellor of the Exchequer what recent estimate he has made of the level of growth in the UK economy in (a) 2014 and (b) 2015; and what change in the level of public sector employment he anticipates will take place in each region and constituent part of the UK in that time.

Photo of Nicky Morgan Nicky Morgan Minister for Women, The Financial Secretary to the Treasury

The OBR is responsible for producing independent economic and fiscal forecasts of the UK economy. The OBR’s most recent forecast (published at Budget 2014) is for UK GDP to grow by 2.7% this year and 2.3% in 2015.

The OBR forecast general Government employment will fall by 0.1 million in 2014 and 2015. This is more than offset by increases in market sector employment of 0.5 million in 2014 and 0.3 million in 2015.

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