Category Archive: Announcements

Our 2024 Welfare trends report (WTR) will be published on 2 July. This biennial report will examine the drivers of spending on incapacity benefits. It will be released alongside the upcoming Fiscal risks and sustainability report.   On 18 July, we will then publish our 2024 Forecast evaluation report (FER). We will focus on our…

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 economic and fiscal costs of damage from, and adaptation to, a changing climate in order to illustrate…

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received a request for information on work capability assessment reform. We have published this new supplementary forecast information below and on the March 2024 EFO page.

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received requests for information on universal credit in-work and universal credit budgeting advances. We have published this new supplementary forecast information below and on the March 2024 EFO page.

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received requests for information on car engine types in the fuel duty forecast and further information on health and disability benefit spending. We have published this new supplementary forecast information below and on the March 2024 EFO page.

We will publish our latest Economic and fiscal outlook (EFO) later today once the Chancellor has completed his Spring Budget statement in Parliament. The EFO will present our latest forecast for the economy and public finances, which will include all policy measures announced since our last forecast in November.

The Treasury Select Committee has today approved the appointment of Tom Josephs to the Budget Responsibility Committee (BRC), following a hearing before MPs on 5 September. Tom will formally begin his appointment later this month, replacing Andy King who stepped down at the end of August. We thank Andy King for his 10 years of…

The Chancellor of the Exchequer has nominated Tom Josephs to join the OBR’s Budget Responsibility Committee (BRC). If the nomination is approved by the Treasury Select Committee, Tom will replace Andy King as the fiscal expert on the BRC later this year. Tom Josephs is currently Director of Private Pensions Policy at the Department for…

Our latest working paper, The OBR’s forecast performance, provides a comprehensive evaluation of the OBR’s economic and fiscal forecasting record since we were established in 2010. We assess how our 27 forecasts have performed against outturn over the past 13 years and look at how our forecasting record compares to other UK and international forecasters….

In early 2023, we sought expressions of interest for membership of our advisory panel from academics, economists, researchers and industry specialists with expertise in at least one of these six categories: macroeconomics and econometrics; public sector finances and public economics; financial markets and corporate finance; energy and climate change; health and longevity; and labour market…