Category Archive: Announcements

Red box and EFO

Our upcoming March 2024 Economic and fiscal outlook

We will publish our latest Economic and fiscal outlook (EFO) on Wednesday 6 March, 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.

Icon of three people

Tom Josephs appointed to the Committee

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…

Icon of three people

Tom Josephs nominated to join the OBR

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…

Working paper icon

Working paper 19: The OBR’s forecast performance

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….

Icon of three people

An update on the OBR’s external engagement

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…

Icon of three people

Dame Susan Rice and Baroness Hogg appointed as non-executive members

The Chancellor has approved the appointment of Baroness Hogg and Dame Susan Rice as non-executive members of the Office for Budget Responsibility. Sarah Hogg and Susan Rice have been appointed to continue the work of the oversight board and audit committee as Sir Chris Kelly and Bronwyn Curtis CBE complete their final terms over the…

Icon of three people

Andy King to step down from Budget Responsibility Committee

Andy King will step down as fiscal expert on the OBR’s Budget Responsibility Committee following the conclusion of his five-year term at the end of August. Andy joined the OBR in 2013 as Chief of Staff and was appointed to the BRC in 2018. Before that, he worked in the Treasury in a variety of…

search icon

Summer 2023 review of the supply-side effects of policies

In November 2022, in Briefing Paper No. 8: Forecasting potential output – the supply side of the economy, we described the framework we use when assessing whether and how to incorporate the impact of policy measures on our forecast for potential output (the ‘supply-side’ of the economy). We have applied this framework in our November…

Icon of three people

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…