Economic Situation: Equality
Commons · Question 30283 · Tabled 10 Feb 2025 · Treasury · Official record
Answered 18 Feb 2025
Question
Asked by Ayoub Khan
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of economic inequality on (a) Gross Domestic Product and (b) GDP growth.
Answer
Answered by Emma Reynolds, 18 Feb 2025
While income and wealth are not always directly correlated, distributional analysis shows that Government decisions at Autumn Budget 2024 and Spending Review 2025, Phase 1 are progressive and benefit households in the lowest income deciles the most, on av...