Treasury written question – answered am ar 28 Mawrth 2024.
Simon Jupp
Ceidwadwyr, East Devon
To ask the Chancellor of the exchequer, what the evidential basis is for his Department's tweet of 29 September 2023 that the UK was the fastest growing European G7 country since 2010.
Bim Afolami
The Economic Secretary to the Treasury
The calculations underlying this statistic were based on public information available on the 29 September 2023, including quarterly GDP data published by the Office for National Statistics for the UK and OECD data for the remaining G7 European economies.
The data showed that cumulative GDP growth in the UK from the beginning of 2010 (change on 2009 Q4) through to 2023 Q2 of 24.2% was greater than that of France (16.4%), Italy (3.5%) and Germany (21.2%).
Yes3 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
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