Category Archive: Announcements

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…

Richard Hughes distils the key messages from our latest Fiscal risks and sustainability report in his press conference presentation and accompanying speaking note.

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…

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…