"It is the duty of the Office to examine and report on the sustainability of the public finances"
Against a more challenging and uncertain outlook than in autumn, we have halved our forecast for economic growth this year from 2 to 1 per cent and lowered the forecast path for the level of productivity. Before accounting for policy, higher debt interest costs and other forecast changes left the current budget in deficit by…
Richard Hughes distils the key messages from our latest Economic and fiscal outlook in his press conference presentation and accompanying speaking note.
On 16 December 2024 the Chancellor commissioned us to publish our latest outlook for the economy and public finances on Wednesday 26 March. We have now agreed the timetable for the forecast process and published the detail below. Update on 12 March: Financial market assumptions and the incorporation of outturn data The final pre-measures fiscal…
We have released additional information on the methodology and assumptions underlying our migration analysis in our 2024 Fiscal risks and sustainability report (FRS). We have published this new supplementary forecast information below and on the September 2024 FRS page.