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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Thursday, 12 January 2017, in the House of Lords. It was due for an answer on Thursday, 26 January 2017. It was answered by Baroness Neville-Rolfe (Conservative) on Tuesday, 24 January 2017 on behalf of the Treasury.


Consumers: Expenditure

Question

To ask Her Majesty’s Government what plans they have to encourage consumer spending during the period of negotiations for leaving the EU.

Answer

Consumer spending is proving to be resilient, growing by 2.6% in Q3 2016 compared to Q3 2015. The OBR forecast household consumption will continue to grow in 2017 and onwards. The government is taking targeted action to help people’s money go further: freezing fuel duty, providing affordable housing, raising the personal allowance and the National Living Wage.


Secondary information

Type
Written question
Reference
HL4638
Session
2016-17
Subjects
Consumers Expenditure Brexit
Link
View this Written question on www.parliament.uk