Written Question·Treasury·UIN 30283

Economic Situation: Equality

Tabled: 10 February 2025

Answered: 18 February 2025

Question

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

Emma Reynolds

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...

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