Category Archive: Economic and fiscal outlook

Read the executive summary of the October 2024 Economic and fiscal outlook

Our latest Economic and fiscal outlook will be published today alongside the Chancellor’s Autumn Budget. It will set out forecasts for the economy and the public finances, and an assessment of whether the Government is likely to achieve its fiscal targets.

On 29 July 2024 the Chancellor announced that the Budget will be held on Wednesday 30 October 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. Update on 21 October: Financial market assumptions…

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received a request for further information underlying our environmental levies forecast. We have published this new supplementary forecast information below and on the March 2024 EFO page.

The Chancellor has announced that the Autumn Budget will take place on Wednesday 30 October 2024. Our latest outlook for the economy and public finances will be released on the same day.

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…

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…

We have published our latest long-term assumptions, consistent with the forecast in our March 2024 Economic and fiscal outlook (EFO), below and on the March 2024 EFO page. These economic determinants that underpin our long-term fiscal projections are used by organisations inside and outside government to inform their own long-term modelling.

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.

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.