Economic Situation

HM Treasury written question – answered on 23rd June 2015.

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Photo of George Kerevan George Kerevan Scottish National Party, East Lothian

To ask Mr Chancellor of the Exchequer, what recent estimate his Department has made of the level of spare capacity in the economy; and on what analysis that estimate is based.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The Office for Budget Responsibility (OBR) produces the UK’s official economic forecasts. The Bank of England Inflation Reports also publish an estimate of spare capacity in the UK economy.

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