Frank Dobson – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Frank Dobson on 2014-06-11.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the contribution to economic growth of payment protection insurance repayments.

Andrea Leadsom

The Office for Budget Responsibility (OBR) is responsible for producing independent economic and fiscal forecasts. The effects of payment protection insurance repayments were taken into account in their latest forecast of the economy, published in the March 2014 Economic and Fiscal Outlook.