Category Archive: Economic and fiscal outlook

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OBR review of the March 2024 forecast for Departmental Expenditure Limits

OBR Chair Richard Hughes has written to the Treasury Select Committee of the House of Commons to inform them that the OBR has initiated a review into the preparation of the Departmental Expenditure Limits (DEL) forecast for the March 2024 Economic and fiscal outlook (EFO). The review will conclude in advance of our next EFO…

Ready reckoner and supplementary forecast information release

We have published our updated tax and spending ‘ready reckoner’ that allows anyone to obtain quick, indicative estimates of the fiscal impact of a particular change in one or more economic variables. Read our updated article on the ready reckoner to find out more. We also received a request for further information on the price…

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Monthly profiles for 2024-25

We have published monthly profiles for receipts, spending and borrowing in 2024-25, consistent with our October 2024 Economic and fiscal outlook, below and alongside our monthly commentary on the public finances.

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Supplementary forecast information on fuel duty receipts by vehicle type

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received a request for further information on our forecast of fuel duty receipts by vehicle type. We have published this new supplementary forecast information below and on the March 2024 EFO page.

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Letters to John McDonnell MP and Sir Geoffrey Clifton-Brown MP

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….