Treasury written question – answered at on 3 April 2025.
To ask the Chancellor of the Exchequer, if she will make an estimate of the projected percentage of Government spending as a proportion of GDP at the end of this Parliament.
To ask the Chancellor of the Exchequer, what the percentage of Government spending was as a proportion of GDP on 5 July 2024.
The Office for Budget Responsibility’s (OBR) last forecast for Total Managed Expenditure (TME) as a % of GDP ahead of 5 July 2024 is available in Table 2.3 (p29) of the Spring Budget 2024 document.
However, the OBR subsequently published a review of the March 2024 forecast for departmental expenditure limits, in which it set out that information about large spending pressures was not shared with them ahead of this forecast, and that “had this information been made available, a materially different judgement about RDEL spending in 2024-25 would have been reached”.
As of today, the OBR’s latest forecast for TME as a % of GDP is available in Table A.1 (p41) of the Spring Statement 2025 document.
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No1 person thinks not
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