The nominal expenditure on housing, water, electricity, gas, and other fuels in the UK is forecasted to be stable from 2024 to 2028, remaining at 17% of GDP each year. This consistent percentage indicates that there is no projected change in nominal expenditure allocation in this category. In 2023, this expenditure was already established, though precise figures are not provided here. There are no significant year-on-year variations or growth trends expected over this period, resulting in a compound annual growth rate (CAGR) of 0% for the five-year forecast.
Future trends to watch for include:
- The impact of inflation on real expenditure, as nominal figures remain static.
- Policy changes related to energy, utility pricing, or housing that could alter expenditure patterns.
- Technological advancements in energy efficiency, which may influence utility costs and demand.