"It is the duty of the Office to examine and report on the sustainability of the public finances"
On 5 September the Chancellor announced that the Autumn Statement 2023 will be held on Wednesday 22 November and commissioned us to publish our latest outlook for the economy and public finances that day. We have now agreed the timetable for the forecast process and published the detail below.
The Chancellor has announced that the Autumn Statement 2023 will take place on Wednesday 22 November. Our latest outlook for the economy and public finances will be released on the same day.
Since the publication of our March 2023 Economic and fiscal outlook (EFO), we have received requests for further information on our CPI inflation categories and wholesale electricity price forecasts. We have published this new supplementary forecast information below and on the March 2023 EFO page.
The economic and fiscal outlook has brightened somewhat since November. The near-term downturn is set to be shallower; medium-term output to be higher; and the budget deficit to be lower. But persistent supply-side challenges remain. Against this backdrop, the Chancellor has spent two-thirds of the improvement in the fiscal outlook on his Budget measures, providing…
Over the past 18 months, we have undertaken two separate user surveys to gather feedback on the length, content, and accessibility of our Economic and fiscal outlooks (EFOs). This article reports on the main messages from those surveys and how we plan to respond. December 2021 survey Our first user survey was conducted over December…
On 19 December the Chancellor announced that the Spring Budget 2023 will be held on Wednesday 15 March and commissioned us to publish our latest outlook for the economy and public finances that day. We have now agreed the timetable for the forecast process and published the detail below.
We have published updated monthly profiles for receipts, spending and borrowing in 2022-23 consistent with our November 2022 Economic and fiscal outlook below and alongside our monthly commentary on the public finances.
The Chancellor has announced that the Spring Budget 2023 will take place on Wednesday 15 March. That day we will release the latest outlook for the economy and public finances.
Since the publication of our November 2022 Economic and fiscal outlook (EFO) we have received a request for further information into our forecast of income streams subject to self-assessment income tax. We have published this new supplementary forecast information below and on the November 2022 EFO page.
Since the publication of our November 2022 Economic and fiscal outlook (EFO) we have received a request for further information on our income tax and National Insurance contributions forecast. We have published this new supplementary forecast information below and on the November 2022 EFO page.