"It is the duty of the Office to examine and report on the sustainability of the public finances"
The Chancellor and Robert Chote have exchanged letters on the role the OBR will take in assessing the Government’s performance against the welfare cap that it intends to introduce at Budget 2014.
December 2013 All policy costings presented to the Office for Budget Responsibility at Autumn Statement 2013 were scrutinised and certified. The Autumn Statement 2013 policy costings document sets out the methodologies underpinning these various costings. The OBR identified costings for policy measures which it deemed to be particularly uncertain – these are listed in annex A…
Our third Fiscal sustainability report published on 17 July shows that further tax increases or spending cuts are likely to be needed after the current fiscal consolidation to help meet the costs of an ageing population
Robert Chote has written a letter to Andrew Tyrie MP in response to the TSC report on Budget 2013.
Robert Chote discussed what difference the creation of the OBR had made to UK fiscal policy in the Institute and Faculty of Actuaries’ Spring Lecture in London
March 2013 All policy costings presented to the Office for Budget Responsibility at Budget 2013 were scrutinised and certified. The Budget 2013 policy costings document sets out the methodologies underpinning these various costings. The OBR identified costings for policy measures which it deemed to be particularly uncertain – these are listed in annex B of the…
Robert Chote has written a letter to the Prime Minister today regarding the reference to the OBR in the speech of March 7th on the economy.
December 2012 The HM Treasury Autumn Statement 2012 policy costings document sets out the methodologies underpinning the cost estimates of measures announced at this fiscal event. All policy costings presented to the Office for Budget Responsibility that were included in the 2012 Autumn Statement were scrutinised and certified. The OBR has identified costings for policy measures which it deemed…
This paper presents a small model of the UK economy extended to take account of credit risk premia and unconventional monetary policy. It can be used to run simulations or provide alternative economic scenarios. The model can be applied to provide some indication of how the stance of monetary policy might adjust in response to…
March 2012 All policy costings presented to the Office for Budget Responsibility at Budget 2012 were scrutinised and certified. The Budget 2012 policy costings document sets out the methodologies underpinning these various costings. The OBR identified costings for policy measures which it deemed to be particularly uncertain – these are listed in annex B of…