Source · Select Committees · Treasury Committee
Recommendation 2
2
We recommend that the Treasury and the Office for Budget Responsibility provide a commentary at...
Recommendation
We recommend that the Treasury and the Office for Budget Responsibility provide a commentary at the time of the Budget on GDP measurement issues and the implications that these measurement issues have for comparisons between the UK and other countries. (Paragraph 17) Gaps in support
Government Response
Acknowledged
HM Government
Acknowledged
In your report, you recommend that the Treasury and the Office for Budget Responsibility provide a commentary at the time of the Budget on the use of GDP as a measure of the impact of COVID-19, and the implications that these measurement issues have for comparisons between the UK and other countries. The Government has addressed this recommendation in the Budget, which features a commentary on international comparisons of economic performance and the use of GDP as a measure. This can be found across pages 11 and 12 of the Budget document.1