Category Archive: Correspondence

We have published two letters of correspondence on our website today. John McDonnell MP wrote to us on 7 March asking for clarification on the methodology used for the CGT changes announced at Budget and for an explanation of the different numbers presented in the OBR’s Economic and fiscal outlook and the Treasury’s Red Book….

The Chair of the OBR has written to the Editor of the Sunday Telegraph regarding an article about a member of OBR staff that appeared in their 17 December edition. We have published this letter below.

On 18 November, the Chair of the Economic Affairs Committee, Lord Bridges of Headley MBE sent a letter to Chair Richard Hughes regarding the OBR’s welfare spending forecasts. Richard Hughes replied with further information on 25 November. Both letters are available below.  

In August the Chair of the Treasury Select Committee, Mel Stride MP and Chair Richard Hughes exchanged letters regarding the OBR’s preparations for a potential Emergency Budget. Richard Hughes has now updated Mel Stride on the 23 November forecast timetable.

Ian Blackford, MP and SNP Westminster leader, wrote to Richard Hughes on 23 September expressing the need for an urgent OBR forecast update. Richard Hughes responded on 29 September and we have published the two letters below.

The Chair of the Treasury Select Committee, Mel Stride MP wrote to our Chair Richard Hughes on 23 August regarding the OBR’s preparations for a potential Emergency Budget in September. The Chair replied to his letter on 26 August. We have published both of these letters below. Richard Hughes updated Mel Stride on 29 September about…

Shadow Chancellor of the Exchequer, Rachel Reeves MP and OBR Chair Richard Hughes have exchanged letters on the potential fiscal implications of higher paths for real GDP growth. We have published these letters below.

Shadow Chancellor of the Duchy of Lancaster, Rachel Reeves MP and OBR Chair Richard Hughes have exchanged letters on the subject of the economic and fiscal implications of EU exit and impact of the UK-EU Trade and Cooperation Agreement on our forecasts. We have published these letters below.  

The OBR is legally required to produce two forecasts in each financial year. Because of the cancellation of the November Budget, our Economic and fiscal outlook on 11 March will be our first forecast in 2019-20. We have written to the Chancellor setting out a number of options for the second forecast and he has…

The Chancellor used last week’s Spending Round to announce a significant increase in departmental spending in 2020-21. The OBR’s Budget Responsibility Committee gave evidence to the Treasury Select Committee today on the fiscal implications of the announcement. In addition, Robert Chote has written to the Interim Chair, John Mann, explaining our role during a spending…