Baroness Burt of Solihull – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Baroness Burt of Solihull on 2016-04-25.
To ask Her Majesty’s Government what percentage of economic output was attributed to the retail sector in each of the last 10 years, and what estimate they have made of that sector’s contribution over the next 10 years.
Lord O’Neill of Gatley
The table below sets out the percentage of nominal output attributed to retail trade (except of motor vehicles and motorcycles) in each of the last 10 years:
|
Year |
Retail trade as share of nominal output |
|
2006 |
5.6% |
|
2007 |
5.6% |
|
2008 |
5.6% |
|
2009 |
5.6% |
|
2010 |
5.7% |
|
2011 |
5.6% |
|
2012 |
5.7% |
|
2013 |
5.6% |
|
2014 |
5.6% |
|
2015 |
5.6% |
The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances, and economic forecasts.
The Office for Budget Responsibility do not forecast growth on a sub- sectoral level.
