"It is the duty of the Office to examine and report on the sustainability of the public finances"
We will publish our latest Economic and fiscal outlook (EFO) on Wednesday 23 March, once the Chancellor has completed his Spring Statement in Parliament. The EFO will present our latest forecast for the economy and public finances, which will include all policy measures announced since our previous forecast in October (including the February energy package)….
Since the publication of our October 2021 Economic and fiscal outlook (EFO) we have received a request for further information on the super-deduction costing. We have published this new supplementary forecast information below and on the October 2021 EFO page.
Since the publication of our October 2021 Economic and fiscal outlook (EFO) we have received a request for a further breakdown of the Health and social care levy costing. We have published this new supplementary forecast information below and on the October 2021 EFO page.
Since the publication of our October 2021 Economic and fiscal outlook (EFO) we have received a request for further detail on the impact of policy changes on the number of taxpayers by band. We have published this new supplementary forecast information below and on the October 2021 EFO page.
Richard Hughes distils the key messages from our latest Economic and fiscal outlook in his press conference presentation and accompanying speaking note.
A rebounding economy has provided the Chancellor with a Budget windfall that he has added to with tax rises that lift the tax burden to its highest since the early 1950s. He has used these revenues to fund a large increase in public spending, while reducing the budget deficit to pre-pandemic levels, and meeting his…
October 2021 All policy costings presented to the Office for Budget Responsibility at Budget and Spending Review 2021 were scrutinised and were certified as reasonable, central estimates were included in our forecasts. The Government’s Budget and Spending Review 2021 policy costings document briefly describes the methodologies underpinning these costings. In our October 2021 Economic and…
The Chancellor of the Exchequer has commissioned the OBR to prepare our next forecast for the economy and public finances for publication on Wednesday 27 October. Read the Chancellor’s letter to the Chair of the Treasury Select Committee.
Richard Hughes distils the key messages from our latest Economic and fiscal outlook in his press conference presentation and accompanying speaking note.
More than a year on from its start, the coronavirus pandemic continues to exact a heavy toll in lives and livelihoods. Around the globe, more than 100 million people have had the virus and around 2½ million have died from it, and world GDP fell by 3½ per cent in 2020 as governments imposed public…