To ask His Majesty's Government what assessment they have made of the Confederation of British Industry’s growth indicator, published on 2 December, which forecasts a decline in private sector growth.
Answered on
9 December 2024
The Government monitors a wide range of indicators linked to economic growth. Multiple surveys and indicators are released by different data providers every month. Many of these are volatile and can move materially from month to month. Long-term growth forecasts are those published by the Government’s official forecaster, the Office for Budget Responsibility.
The government has set out how it will deliver a decade of national renewal through its growth mission. We are taking ambitious action to support growth, including through planning reforms, a modern Industrial Strategy and the development of a 10-year infrastructure strategy.