Category Archive: Featured article

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Read the executive summary of the July 2023 Fiscal risks and sustainability report

Publication of Working paper No.18: Emissions and our tax forecasts

Several of the UK’s tax bases are directly linked to activities that generate greenhouse gas emissions, with others indirectly linked. So as emissions fall as the UK transitions to net zero, receipts generated from these emissions-linked taxes will be affected. In this working paper, we conduct an initial, high-level analysis to explore the proportion of…

Front cover of IMF paper

IMF praises OBR in transparency review

The depth and breadth of the economic and fiscal analysis published by the OBR “can be considered as best-practice, and could be used as a benchmark by other advanced countries”, according to the International Monetary Fund’s Fiscal Transparency Evaluation for the UK. “While it is still relatively early in its track record, the OBR’s forecasting…

Front cover to 'a view from the kennel'

Britain’s fiscal watchdog: a view from the kennel

This speech by Robert Chote describes the role of the OBR and how it compares to the structure of other fiscal councils around the world. It also looks at how the OBR has made a difference to the fiscal forecasting process and improved transparency of the official forecasts for the UK economy and public finances.