Category Archive: Economic and fiscal outlook

Policy costings document March 2021

March 2021 All policy costings presented to the Office for Budget Responsibility at Budget 2018 were scrutinised and were certified as reasonable, central estimates were included in our forecasts. The Government’s Budget 2021 policy costings document briefly describes the methodologies underpinning these costings. In our March 2021 Economic and fiscal outlook we have published an…

Letter and envelope graphic

Monthly profiling update published 22 December

On 22 December alongside the monthly public sector finances commentary, we will publish an update of our monthly profiles consistent with our November 2020 forecast to provide a reference point against which to monitor incoming data. The monthly profiles will be published on the coronavirus analysis page.

Real GDP: central forecast and alternative scenarios

Overview of the November 2020 Economic and fiscal outlook

1.1 The coronavirus pandemic has delivered the largest peacetime shock to the global economy on record. It has required the imposition of severe restrictions on economic and social life; driven unprecedented falls in national income; fuelled rises in public deficits and debt surpassed only in wartime; and created considerable uncertainty about the future. The UK…

Image of calendar with text 'New forecasts due on 25 November'

New forecasts due on 25 November

We will publish our latest set of forecasts and scenarios for the economy and public finances alongside the Chancellor’s Spending Review on Wednesday 25 November. Our most recent estimate of public sector net borrowing for 2020-21 is £372.2 billion. This estimate was published in August and combines our Fiscal sustainability report central scenario and the…