Two GDP targets announced for next parliament, Paul Johnson notes

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GDP targets for 2034 and 2035 set

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01.07.2026

Two GDP targets announced for next parliament, Paul Johnson notes — GDP targets for 2034 and 2035 set

Paul Johnson discusses new economic targets for GDP. He highlights two announced goals: reaching 3% of GDP in the next parliament, which could last until 2034, and 3.5% of GDP by 2035. Johnson points out that these targets are not aligned and adds that an additional £25bn by 2035 would be significant.

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Johnson has previously argued that abolishing stamp duty would support economic growth. In a separate analysis, he questioned a BBC report on welfare spending increases due to the exclusion of tax credits. These earlier positions reflect his ongoing focus on the impact of fiscal policy decisions.

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