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1690166

registered interest
date	19/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have of the underlying cause of the fall in gross domestic product per head in every quarter of 2023, as reported by the Office for National Statistics on 15 February, and what action they are taking to reverse this trend.
tabling member printed	Lord Allen of Kensington
uin	HL2511
answer	answer is ministerial correction date of answer 29/02/2024 answer text <p>The economy has faced an unprecedented series of shocks, including the Covid-19 pandemic and the impact of Russia’s illegal invasion of Ukraine. These have led to challenging economic circumstances.</p><p> </p><p>Looking over a longer timeframe, since 2010 GDP per capita has increased by 12%. Real household disposable income per capita - a more comprehensive measure of household living standards - has grown more than France and Italy since 2010.</p> answering member printed Baroness Vere of Norbiton question first answered 29/02/2024 11:37:45 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4304 label Biography information for Lord Allen of Kensington

1675731

registered interest
date	05/12/2023
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what are the latest annual figures for gross value added per head of population for (1) England, (2) Wales, (3) Scotland, and (4) Northern Ireland.
tabling member printed	Lord Wigley
uin	HL898
answer	answer is ministerial correction date of answer 19/12/2023 answer text <p>The information requested falls under the remit of the UK Statistics Authority.</p><p><strong> </strong></p><p>Please see the letter attached from the National Statistician and Chief Executive of the UK Statistics Authority.</p><p><strong> </strong></p><p>The Rt Hon. the Lord Wigley</p><p>House of Lords</p><p>London</p><p>SW1A 0PW</p><p>11 December 2023</p><p><strong> </strong></p><p>Dear Lord Wigley,</p><p><strong> </strong></p><p>As National Statistician and Chief Executive of the UK Statistics Authority, I am responding to your Parliamentary Question asking for the latest annual figures for gross value added per head of population for (1) England, (2) Wales, (3) Scotland, and (4) Northern Ireland <strong>(HL898)</strong>.</p><p><strong> </strong></p><p>The latest available annual figures are for the calendar year 2021, published on 25 April 2023 as part of the regional economic activity by gross domestic product UK: 1998 to 2021 [1] release. Although the headline statistics in this release focus on gross domestic product (GDP), the published tables also include gross value added (GVA) estimates, which differ from GDP only in that they exclude the effect of taxes (less subsidies) on products.</p><p><strong> </strong></p><p>The GVA per head figures you have requested are as follows:</p><p><strong> </strong></p><p>(1) England, £31,138 per person</p><p>(2) Wales, £22,380 per person</p><p>(3) Scotland, £27,361 per person</p><p>(4) Northern Ireland, £24,007 per person</p><p><strong> </strong></p><p>Yours sincerely,</p><p><strong> </strong></p><p>Professor Sir Ian Diamond</p><p><br>[1] <a href="https://www.ons.gov.uk/economy/grossvalueaddedgva/datasets/nominalregionalgrossvalueaddedbalancedperheadandincomecomponents" target="_blank">https://www.ons.gov.uk/economy/grossvalueaddedgva/datasets/nominalregionalgrossvalueaddedbalancedperheadandincomecomponents</a></p> answering member printed Baroness Neville-Rolfe question first answered 19/12/2023 13:50:49 answering member 4284 label Biography information for Baroness Neville-Rolfe attachment 1 file name PQHL898 (1).pdf title UK Statistics Authority
tabling member	547 label Biography information for Lord Wigley

1657597

registered interest
date	04/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the answer by Baroness Penn on 6 July (HL Deb col 1304) giving the relative gross domestic product (GDP) per head for Wales and the UK, what is the relative GDP per head for each region of England.
tabling member printed	The Lord Bishop of Sheffield
uin	HL9846
answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The latest data published by the Office for National Statistics shows that in 2021, the Gross Domestic Product (GDP) per head, at current prices, was £25,665 for Wales, and £33,745 for the UK. The GDP per head for London (£59,855) and the South East (£36,174) was higher than the UK average. GDP per head in the North East (£24,575), the East Midlands (£27,505), the Yorkshire and the Humber (£27,692), the South West (£29,628), the North West (£29,681), and the East of England (£30,442), was lower than the UK average.</p> answering member printed Baroness Penn question first answered 18/09/2023 14:19:19 answering member 4726 label Biography information for Baroness Penn
tabling member	4980 label Biography information for The Lord Bishop of Sheffield

1623611

registered interest
date	25/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of recent trends in the level of GDP.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	182560
answer	answer is ministerial correction date of answer 02/05/2023 answer text <p>HM Treasury does not prepare forecasts for the UK economy, including assessments of the impact of the Budget, which are the responsibility of the independent Office for Budget Responsibility (OBR).</p><p>The OBR judged that the overall impact of the policy package announced at Spring Budget 2023 is to increase the level of real GDP by around 0.2 per cent in 2027-28. This is the largest upward revision made to potential output as a result of government fiscal policy decisions in any of the OBR’s forecasts since 2010.</p><p> </p><p>Further details can be found in the OBR’s latest Economic and Fiscal Outlook, published in March 2023: <a href="https://obr.uk/efo/economic-and-fiscal-outlook-march-2023/" target="_blank">https://obr.uk/efo/economic-and-fiscal-outlook-march-2023/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 02/05/2023 10:54:14 answering member 4874 label Biography information for Andrew Griffith
tabling member	4131 label Biography information for Jim Shannon

1564602

registered interest
date	06/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, by how much gross domestic product per hour of work has changed since 2010; and if he will make a comparative estimate of the level of change in other G7 countries.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	117940
answer	answer is ministerial correction date of answer 16/01/2023 answer text <p>UK output per hour worked has grown by 6.5% during the period 2010 to 2021 (inclusive) with an average annual growth rate of 0.5% according to the OECD. Among the G7 economies Italy has grown by 6.0% over the same period, while information about other G7 economies can be found at the following link: <a href="https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV" target="_blank">https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV</a>. Estimates of hours worked in 2020 and 2021 were impacted by the pandemic and labour market support schemes, which varied by economies and may affect comparability of these figures.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 16/01/2023 16:44:37 answering member 4874 label Biography information for Andrew Griffith
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1550708

registered interest
date	12/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the (a) potential limitations of GDP growth as a measurement of the development of the UK economy and (b) potential merits of using alternative measurements such as the (i) Genuine Progress Indicator, (ii) Green Gross Domestic Product and (iii) Human Development Index.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	108419
answer	answer is ministerial correction date of answer 15/12/2022 answer text <p>GDP measures the total value of all of the goods made, and services provided, during a specific period of time. GDP is important because the higher a country’s GDP is, the more resources are available to people in the country – goods and services, wages and profits. Growing GDP sustainably means the government is better equipped to invest in public services such as the police, NHS and schools.</p><p> </p><p>Whilst it remains one of our most important economic indicators, the Government recognises that GDP has its limitations and should not be seen as an all-encompassing measure of welfare. The ONS produce separate measures of subjective well-being, introduced as part of the 2010 National Well-being Programme, to start measuring our progress as a country, not just by how our economy is growing, but by how our lives are improving. This programme encompasses a broad range of measures including, happiness, health, the environment and personal finance.</p><p> </p><p>The Government has provided the Office for National Statistics (ONS) with an additional £25 million to help implement the recommendations of Sir Charles Bean’s 2016 Review of Economics Statistics, including through an initiative called ‘Beyond GDP’ that aims to address the limitations in GDP by developing broader measures of welfare and activity.</p><p> </p><p>As a result of this work, the UK became one of the first countries to publish natural capital accounts as part of its National Accounts (The Blue Book). The ONS is continuing to develop these accounts and also published human capital estimates for 2004-2018 as part of their wellbeing measures. The Dasgupta Review considers that a broader measure of ‘inclusive wealth’, comprising Natural, human and produced capital, can provide insights into a nation’s sustainable economic progress over time. In response to the recommendations of the Dasgupta review, HM Treasury provided further funding to the ONS to continue improving its natural capital estimates. This will improve their relevance for policy making, and ensure continued consideration of a broader measure of economic activity than just GDP.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 15/12/2022 15:43:54 answering member 4874 label Biography information for Andrew Griffith
tabling member	4788 label Biography information for Fleur Anderson

1439484

registered interest
date	09/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the change in UK GDP since December 2019; and what assessment they have made of how this compares to (1) the US, (2) France, and (3) Canada, in the same period.
tabling member printed	Lord Hain
uin	HL6790
answer	answer is ministerial correction date of answer 23/03/2022 answer text <p>According to data from the independent Office for National Statistics (ONS), the change in real GDP from the three months to December 2019 to the three months to December 2021 (the latest available quarterly data) was -0.4%. This leaves the UK in the middle of the pack compared to other G7. The below table depicts this using publicly available data in the same period for real GDP in the rest of the G7.</p><p> </p><table><tbody><tr><td><p>3m to Dec 2021 relative to 3m to Dec 2019</p></td><td><p>Real GDP change (%)</p></td></tr><tr><td><p>US</p></td><td><p>3.2</p></td></tr><tr><td><p>France</p></td><td><p>0.9</p></td></tr><tr><td><p>Canada</p></td><td><p>0.1</p></td></tr><tr><td><p>Italy</p></td><td><p>-0.3</p></td></tr><tr><td><p>UK</p></td><td><p>-0.4</p></td></tr><tr><td><p>Japan</p></td><td><p>-0.4</p></td></tr><tr><td><p>Germany</p></td><td><p>-1.1</p></td></tr></tbody></table><p>However, the ONS has also advised that it is difficult to compare real GDP during the pandemic, due to differences in measurement of output in health and education. The ONS has noted that estimates of nominal GDP are more comparable. In nominal GDP terms, for the same period the UK is ranked 3<sup>rd</sup> compared to others in the G7 (see the below table).</p><p> </p><table><tbody><tr><td><p>3m to Dec 2021 relative to 3m to Dec 2019</p></td><td><p>Nominal GDP change (%)</p></td></tr><tr><td><p>US</p></td><td><p>10.7</p></td></tr><tr><td><p>Canada</p></td><td><p>10.7</p></td></tr><tr><td><p>UK</p></td><td><p>4.9</p></td></tr><tr><td><p>France</p></td><td><p>4.3</p></td></tr><tr><td><p>Germany</p></td><td><p>4.3</p></td></tr><tr><td><p>Italy</p></td><td><p>0.9</p></td></tr><tr><td><p>Japan</p></td><td><p>-1.7</p></td></tr></tbody></table> answering member printed Baroness Penn question first answered 23/03/2022 11:45:23 answering member 4726 label Biography information for Baroness Penn
tabling member	567 label Biography information for Lord Hain

1439485

registered interest
date	09/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether UK GDP was lower at the end of 2021 than at the end of December 2019.
tabling member printed	Lord Hain
uin	HL6791
answer	answer is ministerial correction date of answer 22/03/2022 answer text <p>The independent Office for National Statistics (ONS) is responsible for measuring UK GDP. In the three months to December 2021 UK real GDP was 0.4% below its level in the three months to December 2019, where the economy was affected by restrictions necessitated by the Omicron wave at the end of the year. The ONS also produce monthly GDP figures, which show that in January 2022 real GDP was 0.8% above the level prior to the pandemic in February 2020.</p> answering member printed Baroness Penn question first answered 22/03/2022 14:16:01 answering member 4726 label Biography information for Baroness Penn
tabling member	567 label Biography information for Lord Hain

1433410

registered interest
date	21/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the UK's total GDP in December 2021 compared to February 2020, relative to the other G7 nations.
tabling member printed	Lord Hain
uin	HL6247
answer	answer is ministerial correction date of answer 07/03/2022 answer text <p>Her Majesty’s government regularly looks at UK economic growth in the context of growth in other advanced economies, including those in the G7. The Office for National Statistics publishes UK figures monthly, quarterly, and annually.</p><p> </p><p>There are different metrics by which international GDP growth rates can be compared, varying by the time and reference period used. In the case of our G7 peers, as well as the UK, only Canada produces monthly GDP data. Monthly comparisons are therefore not possible for all members of the G7. International comparisons of economic growth are possible for all G7 members at both quarterly and yearly frequencies. This information is presented below.</p><p> </p><table><tbody><tr><td><p>Real GDP growth</p></td><td><p>Monthly</p></td><td><p>Quarterly</p></td><td><p>Quarterly</p></td><td><p>Quarterly</p></td><td><p>Annually</p></td></tr><tr><td><p>Country</p></td><td><p>February 2020 to November 2021</p></td><td><p>Q3 2021 Quarter on Year % growth</p></td><td><p>Q4 2021 Quarter on Year % growth</p></td><td><p>Q4 2019 to Q4 2021</p></td><td><p>2021</p></td></tr><tr><td><p>Canada</p></td><td><p>0.2%</p></td><td><p>4.0%</p></td><td><p>3.4%</p></td><td><p>0.2%</p></td><td><p>4.7%</p></td></tr><tr><td><p>France</p></td><td><p>N/A</p></td><td><p>3.5%</p></td><td><p>5.4%</p></td><td><p>0.9%</p></td><td><p>7.0%</p></td></tr><tr><td><p>Germany</p></td><td><p>N/A</p></td><td><p>2.9%</p></td><td><p>1.4%</p></td><td><p>-1.5%</p></td><td><p>2.8%</p></td></tr><tr><td><p>Italy</p></td><td><p>N/A</p></td><td><p>4.0%</p></td><td><p>6.4%</p></td><td><p>-0.5%</p></td><td><p>6.4%</p></td></tr><tr><td><p>Japan</p></td><td><p>N/A</p></td><td><p>1.2%</p></td><td><p>0.7%</p></td><td><p>-1.9%</p></td><td><p>1.7%</p></td></tr><tr><td><p>UK</p></td><td><p>0.2%</p></td><td><p>7.0%</p></td><td><p>6.5%</p></td><td><p>-0.5%</p></td><td><p>7.5%</p></td></tr><tr><td><p>US</p></td><td><p>N/A</p></td><td><p>4.9%</p></td><td><p>5.5%</p></td><td><p>3.1%</p></td><td><p>5.7%</p></td></tr></tbody></table><p>Source: Refinitv DataStream, HMT Calculations</p><p> </p><p>Comparing monthly to the latest data available in both countries, November, the ratio of monthly real (seasonally adjusted) GDP between February 2020 and December 2021 was 0.2, in both the UK and Canada. Canada is yet to release December monthly data.</p><p> </p><p>The UK’s 2021 Q3 quarter-on-year growth rate was 7.0%, compared to the US (4.9%), Italy and Canada (both 4%), France (3.5%), Germany (2.9%) and Japan (1.1%).</p><p> </p><p>The ratio of real GDP from Q4 2019 to Q4 2021 in the UK was -0.5%, compared to the US (3.1%), France (0.9%), Canada (0.2%), Italy (-0.5%), Germany (-1.5%) and Japan (-1.9%).</p><p> </p><p>Annually, the UK’s growth rate in 2021 was 7.5%, compared to France (7.0%), Italy (6.4%), the US (5.7%), Canada (4.7%), Germany (2.8%) and Japan (1.7%).</p> answering member printed Baroness Penn grouped question UIN HL6227 question first answered 07/03/2022 17:42:27 answering member 4726 label Biography information for Baroness Penn
tabling member	567 label Biography information for Lord Hain

1217517

registered interest
date	24/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish his assessments of the range of scenarios for gross national income in (a) 2020-21, (b) 2021-22 and )c) 2022-23.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	64280
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>HM Treasury does not produce forecasts of the economy or public finances.</p><p> </p><p>The Office for Budget Responsibility (OBR) is responsible for producing forecasts of the economy and public finances. On 14 April the OBR published a reference scenario assessing the potential impact of coronavirus on the economy and public finances. In this scenario real Gross Domestic Product (GDP) is assumed to fall by 12.8 per cent in 2020 before recovering quickly, growing by 16.1% in 2021. The OBR assume that real GDP grows by 1.5% in 2022, 1.3% in 2023, and 1.4% in 2024. The OBR note that the Government’s policy response should help limit the long-term damage to the economy and public finances.</p> answering member constituency Salisbury answering member printed John Glen question first answered 29/06/2020 10:49:04 answering member 4051 label Biography information for John Glen
tabling member	4603 label Biography information for Preet Kaur Gill