National Income: Social Security Benefits
Commons · Question 41343 · Tabled 25 Mar 2025 · Department for Work and Pensions · Official record
Answered 2 Apr 2025
Question
Asked by Martin Wrigley
To ask the Secretary of State for Work and Pensions, if she will make an assessment of the potential implications for her policies of OBR forecasts on the percentage of GDP spent on social security benefits in the next four years.
Answer
Answered by Sir Stephen Timms, 2 Apr 2025
The OBR forecast for welfare spending as a percentage of GDP is expected to be 10.8% in 2029-30 once Spring Statement 2025 policy measures have been factored in. This compares to 10.9% without the incorporation of policy measures. These figures exclude sp...