Written Question·Treasury·UIN 18672

Unemployment

Tabled: 9 December 2024
Answered: 16 December 2024

Question

Matt Vickers

Conservative — Stockton West

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Autumn Budget 2024 on levels of unemployment.

Answer

Tulip Siddiq
The Office for Budget Responsibility’s October 2024 forecast, which takes into account measures announced in the Budget, expects the unemployment rate will fall to 4.1% next year and remain low until 2029.