Category Archive: Announcements

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The OBR’s advisory panel – expressions of interest

The Office for Budget Responsibility established an advisory panel of leading economic and fiscal experts in 2011 to help develop and scrutinise its work programme and methods. Since the establishment of the panel, we have held regular meetings in which we have discussed the content of each of our core publications, as well as the…

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Non-executive member of the Office for Budget Responsibility

Candidates for a non-executive member of the OBR are sought to replace Sir Christopher Kelly, whose second term ends on 20 June 2023. This position presents a rare opportunity to play a key role in the governance of the UK’s independent fiscal council, which operates at the heart of the UK Government’s fiscal policy framework….

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Prof David Miles CBE appointed to the Committee

The Treasury Select Committee has today approved the appointment of Prof. David Miles CBE to the Budget Responsibility Committee, following a hearing before MPs on 15 December. David will formally begin his appointment in January, replacing Prof Sir. Charlie Bean who steps down at the end of this year. We thank Prof Sir Charlie Bean…

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Monthly profiles and ready reckoners

On 9 December alongside the Forecast evaluation report, we published monthly profiles for receipts, spending and borrowing in 2021-22 consistent with our October 2021 Economic and fiscal outlook, updated ready reckoners and a working paper on how to improve the representation of uncertainty around our central forecasts.    

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Prof. David Miles CBE nominated to join OBR

The Chancellor of the Exchequer has nominated Prof. David Miles CBE, Imperial College London professor and former Monetary Policy Committee member at the Bank of England, to join the OBR’s Budget Responsibility Committee. If the nomination is approved by the Treasury Select Committee, he would replace Prof. Sir Charlie Bean who finishes his term at…

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Non-executive members review the Budget timetable decision-making process

The independent non-executive directors of the OBR have undertaken a review of the decision-making process around the forecast timetable for the Autumn 2021 Budget to inform the forthcoming review of the Memorandum of Understanding (MoU). The previous MoU review in 2017 was confined to government stakeholders involved in the forecast process. In this case, to…

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Register for the Economic and fiscal outlook press briefing

We will publish our latest Economic and fiscal outlook (EFO) on Wednesday 27 October once the Chancellor has completed his 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 previous forecast in March, including in the combined Spending…