FRS 2022
Press briefing for our first Fiscal risks and sustainability
The slides and speaking notes from our FRS press briefing are now available to download.
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The budget deficit continues to fall year on year, with April-to-June borrowing of £55.4 billion down £5.7 billion on last year. But it was £3.7 billion above our most recent forecast profile, largely reflecting higher spending, alongside modestly lower receipts. Debt interest spending hit a record high – for both the single month of June (£19.4 billion) and for the year to date (£33.7 billion). Much of this is accrued debt interest on index-linked gilts, which will be paid out in cash terms over several decades as these gilts are redeemed.
FRS 2022
The slides and speaking notes from our FRS press briefing are now available to download.
FRS 2022
Richard Hughes, Chair of the OBR, explains the top 5 takeaways from our FRS report.
Database
Our historical official forecast database includes just over 100 variables from June 2010 forecast to the most recent March 2022 forecast. Generate charts and compare with outturns in our handy database.
Five year forecasts for the UK economy and public finances and an assessment of whether the Government is likely to achieve its fiscal targets.
Annual report into the main fiscal risks facing the UK and sustainability of the public finances. This new report is an amalgamation of the FSR and FRR.
Report into how our forecasts compare to subsequent outturn data and identifying lessons for future forecasts.
An in-depth look at the drivers of welfare spending both inside and outside the Government’s welfare cap.
Our monthly commentary on the latest public finances data and how it compares to our most recent forecast.
We are commissioned by the Welsh Government to produce independent forecasts for devolved Welsh taxes. We formally took on this role in April 2019.