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173359
registered interest false more like this
date less than 2015-01-13more like thismore than 2015-01-13
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Public Expenditure more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what the (a) UK total managed expenditure in nominal sterling, (b) gross domestic product in nominal sterling and (c) percentage total managed expenditure is expressed as a percentage of the gross domestic product; and what the reasons are for the variances from the Public Expenditure Statistical analysis published by his Department in 2014. more like this
tabling member constituency Birmingham, Yardley more like this
tabling member printed
John Hemming more like this
uin 220518 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-01-21more like thismore than 2015-01-21
answer text <p><strong>All these data are available from the Office for Budget Responsibility’s databank, including the Office for National Statistics outturn data (published 22<sup>nd</sup> November 2014) and the Office for Budget Responsibility’s independent forecast (consistent with the Economic and Fiscal Outlook December 2014 and the Autumn Statement 2014).</strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><ol><li><p><strong>UK Total Managed Expenditure in nominal sterling.</strong></p><p><strong> </strong></p></li></ol><p> </p><table><tbody><tr><td> </td><td><p><strong>2009-10</strong></p></td><td><p><strong>2010-11</strong></p></td><td><p><strong>2011-12</strong></p></td><td><p><strong>2012-13</strong></p></td><td><p><strong>2013-14</strong></p></td><td> </td></tr><tr><td><p><strong>TME outturn (£bn)</strong></p></td><td><p>680.6</p></td><td><p>700.9</p></td><td><p>701.2</p></td><td><p>717.9</p></td><td><p>719.9</p></td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td></tr><tr><td><p><strong>TME forecast (£bn)</strong></p></td><td><p>737.1</p></td><td><p>746.2</p></td><td><p>746.7</p></td><td><p>751.3</p></td><td><p>765.3</p></td><td><p>779.9</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p> </p><ol><li><p><strong>Gross Domestic Product in nominal sterling.</strong></p><p><strong> </strong></p></li></ol><p> </p><table><tbody><tr><td> </td><td><p><strong>2009-10</strong></p></td><td><p><strong>2010-11</strong></p></td><td><p><strong>2011-12</strong></p></td><td><p><strong>2012-13</strong></p></td><td><p><strong>2013-14</strong></p></td><td> </td></tr><tr><td><p><strong>Nominal GDP outturn (£bn)</strong></p></td><td><p>1501.7</p></td><td><p>1,576.2</p></td><td><p>1,628.5</p></td><td><p>1,663.2</p></td><td><p>1,733.0</p></td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td></tr><tr><td><p><strong>Nominal GDP forecast (£bn)</strong></p></td><td><p>1,822.0</p></td><td><p>1,888.0</p></td><td><p>1,956.0</p></td><td><p>2,038.0</p></td><td><p>2,124.0</p></td><td><p>2,215.0</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><ol><li><p><strong>Total Managed Expenditure expressed as a percentage of the gross domestic product.</strong></p><p><strong> </strong></p></li></ol><p> </p><table><tbody><tr><td> </td><td><p><strong>2009-10</strong></p></td><td><p><strong>2010-11</strong></p></td><td><p><strong>2011-12</strong></p></td><td><p><strong>2012-13</strong></p></td><td><p><strong>2013-14</strong></p></td><td> </td></tr><tr><td><p><strong>TME outturn (%GDP)</strong></p></td><td><p>45.3</p></td><td><p>44.5</p></td><td><p>43.1</p></td><td><p>43.2</p></td><td><p>41.5</p></td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td></tr><tr><td><p><strong>TME forecast (%GDP)</strong></p></td><td><p>40.5</p></td><td><p>39.5</p></td><td><p>38.2</p></td><td><p>36.9</p></td><td><p>36.0</p></td><td><p>35.2</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong>Variances when comparing the most up to date figures set out above against the Public Expenditure Statistical Analysis (command paper) are due to these figures including the latest outturn data, incorporating the latest forecast judgement by the Office for Budget Responsibility and the latest classification changes made by the Office for National Statistics.</strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong>Since the Public Expenditure Statistical Analysis was published in July 2014 the Office for Budget Responsibility has published their latest forecast in their December 2014 Economic and Fiscal Outlook. The Office for National Statistics regularly update outturn, at a various points in the year, for total managed expenditure and gross domestic product.</strong></p><p> </p>
answering member constituency Inverness, Nairn, Badenoch and Strathspey more like this
answering member printed Danny Alexander more like this
question first answered
less than 2015-01-21T17:19:05.753Zmore like thismore than 2015-01-21T17:19:05.753Z
answering member
1535
label Biography information for Danny Alexander more like this
tabling member
1483
label Biography information for John Hemming more like this