"It is the duty of the Office to examine and report on the sustainability of the public finances"
We will publish our latest set of forecasts and scenarios for the economy and public finances alongside the Chancellor’s Spending Review on Wednesday 25 November. Our most recent estimate of public sector net borrowing for 2020-21 is £372.2 billion. This estimate was published in August and combines our Fiscal sustainability report central scenario and the…
Robert Chote distils the key messages from our latest Fiscal sustainability report in his press conference presentation and accompanying speaking note.
The coronavirus outbreak and the public health measures taken to contain it have delivered one of the largest ever shocks to the UK economy and public finances. In the Fiscal sustainability report, our three medium-term scenarios (upside, central and downside) see the largest decline in annual GDP for 300 years this year, accompanied by an unprecedented…
On July 14 we will publish our latest Fiscal sustainability report, focusing on the impact of the coronavirus outbreak. This will present three alternative scenarios for the economy and the public finances over the medium-term, an assessment of their implications for fiscal sustainability and a discussion of fiscal risks over the medium and long-term. The…