"It is the duty of the Office to examine and report on the sustainability of the public finances"
Press briefing We will publish our latest Economic and fiscal outlook (EFO) on Thursday 17 November, once the Chancellor has completed his Autumn Statement in Parliament. Richard Hughes, OBR Chair, will present the main judgements and conclusions of the EFO live on Slido or on our YouTube channel at 2pm. There will be a Q&A…
We will publish our latest outlook for the economy and public finances alongside the Chancellor’s Autumn Statement on Thursday 17 November. Earlier this month we published a timetable for the 31 October forecast process. We have now published a revised timetable.
On 10 October the Chancellor announced that the publication of our forecast will be brought forward to Monday 31 October. That day we will publish our latest outlook for the economy and public finances. In light of the heightened public interest, and in response to the recommendations of our Non-Executive Members’ recent review of the forecast…
The OBR’s Budget Responsibility Committee met with the Prime Minister and Chancellor this morning. We discussed the economic and fiscal outlook and the forecast we are preparing for the Chancellor’s Medium-term Fiscal Plan. We will deliver the first iteration of that forecast to the Chancellor on Friday 7 October and will set out the full…
In August the Chair of the Treasury Select Committee, Mel Stride MP and Chair Richard Hughes exchanged letters regarding the OBR’s preparations for a potential Emergency Budget. Richard Hughes has now updated Mel Stride on the 23 November forecast timetable.
The Chancellor has commissioned the OBR to publish an updated forecast on 23 November alongside the Medium-Term Fiscal Plan. As part of every forecasting process, we provide the Chancellor with a series of interim drafts of our forecasts as an input into policymaking in the run-up to the final, published Economic and fiscal outlook. The Chancellor…
Ian Blackford, MP and SNP Westminster leader, wrote to Richard Hughes on 23 September expressing the need for an urgent OBR forecast update. Richard Hughes responded on 29 September and we have published the two letters below.
We have been commissioned by the Chancellor to produce a forecast for Wednesday 23 November. That day we will release the latest outlook for the economy and public finances.
Since the publication of our March 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 March 2022 EFO page.
The public finances have emerged from the pandemic in better shape than expected. But Russia’s invasion of Ukraine will push inflation to a 40-year high of almost 9 per cent, and living standards are set for a historic fall over the next 12 months. The Chancellor used his Spring Statement to deliver rebates and tax…