Category Archive: Economic and fiscal outlook

Policy costings document March 2019

March 2019 All policies announced since Budget 2018 were presented to the Office for Budget Responsibility at Spring Statement 2019. They were scrutinised, certified as reasonable, central estimates and were included in our forecasts. In our March 2019 Economic and fiscal outlook we have published an assessment on the level of uncertainty associated with each of the…

Chancellor banks most of modest fiscal windfall

Stronger income tax receipts and lower debt interest payments have delivered the Chancellor a modest fiscal windfall. His higher public spending plans offset only a little of that, with most banked to provide greater headroom against his structural borrowing target in 2020-21. But he is still not yet on course to balance the budget by…

Overview of the March 2019 Economic and fiscal outlook

Economic growth in the UK and globally has slowed since the Budget in October, leading us to revise down our near-term GDP forecast. But tax receipts have performed better than we expected in the final months of 2018-19 and we judge that much of this buoyancy will endure. Together with downward pressure on debt interest…

Policy costings document October 2018

October 2018 All policies presented to the Office for Budget Responsibility at Budget 2018 were included in our forecasts but three could not be certified as reasonable, central estimates. The Government’s Budget 2018 policy costings document briefly describes the methodologies underpinning these costings. In our October 2018 Economic and fiscal outlook we have published an assessment on…