"It is the duty of the Office to examine and report on the sustainability of the public finances"
The OBR’s non-executive members commissioned Laura van Geest, former head of the Netherlands Bureau of Economic Policy Analysis (CPB) to lead the third external review of the work of the OBR in May 2024. The review concludes that “Over the last five years, the OBR has successfully navigated a series of unprecedented economic and fiscal…
The third external review of the work of the OBR, led by Laura van Geest, will be published on Monday 10 February.
The Chancellor has announced that the Spring forecast will take place on Wednesday 26 March 2025. Our latest outlook for the economy and public finances will be released on the same day.
Our 2024 Welfare trends report (WTR) will be published on Thursday 10 October. This biennial report will examine the drivers of spending on incapacity benefits over the last 50 years. Alongside this, we will also publish our 2024 Forecast evaluation report (FER) on Thursday 10 October. We will focus on our March 2023 forecast and…
Our latest report on Fiscal risks and sustainability (FRS) will be published on Thursday 12 September. The 2024 FRS report will focus on three areas: Climate change, where we will explore the potential fiscal costs of damage from a changing climate, supplementing our 2021 analysis of the fiscal cost of getting to net zero. Health,…
The Chancellor has announced that the Autumn Budget will take place on Wednesday 30 October 2024. Our latest outlook for the economy and public finances will be released on the same day.
OBR Chair Richard Hughes has written to the Treasury Select Committee of the House of Commons to inform them that the OBR has initiated a review into the preparation of the Departmental Expenditure Limits (DEL) forecast for the March 2024 Economic and fiscal outlook (EFO). The review will conclude in advance of our next EFO…
We have published our updated tax and spending ‘ready reckoner’ that allows anyone to obtain quick, indicative estimates of the fiscal impact of a particular change in one or more economic variables. Read our updated article on the ready reckoner to find out more. We also received a request for further information on the price…
The Budget Responsibility and National Audit Act 2011 states that the Office for Budget Responsibility’s (OBR’s) non-executive committee must appoint a person or body at least once in every 5-year period to review and report on the Office for Budget Responsibility. The OBR’s non-executive members have commissioned Laura van Geest to lead the third external…
This has been postponed in light of the announcement of a General Election on Thursday 4 July. Our latest report on Fiscal risks and sustainability (FRS) will be published on Tuesday 2 July. The 2024 FRS report will focus on three current pressures on the public finances: Climate change, where we will explore the potential…