Productivity
Lords · Question HL1914 · Tabled 9 Jul 2026 · Treasury · Official record
Answered 17 Jul 2026
Question
Asked by Baroness McGregor-Smith
To ask His Majesty's Government what assessment they have made of the Office for Budget Responsibility’s assumptions on UK productivity growth; and what steps they intend to take to increase productivity over the next decade.
Answer
Answered by Lord Livermore, 17 Jul 2026
The Office for Budget Responsibility produces its forecasts independently and is responsible for the assumptions underpinning them.The Government is committed to increasing the UK's long-term growth potential.The Government’s strategy to boost growth and ...