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Third External Review of the OBR

The Budget Responsibility and National Audit Act 2011 states that the Office for Budget Responsibility’s (OBR’s) non-executive committee must appoint a person or body at least once in every 5-year period to review and report on the Office for Budget Responsibility. The OBR’s non-executive members have commissioned Laura van Geest to lead the third external…

Fiscal risks and sustainability 2024 postponed

This has been postponed in light of the announcement of a General Election on Thursday 4 July. Our latest report on Fiscal risks and sustainability (FRS) will be published on Tuesday 2 July. The 2024 FRS report will focus on three current pressures on the public finances: Climate change, where we will explore the potential…

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Monthly profiles for 2024-25

We have published monthly profiles for receipts, spending and borrowing in 2024-25, consistent with our March 2024 Economic and fiscal outlook, below and alongside our monthly commentary on the public finances.

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Welfare trends report and Forecast evaluation report postponed

This has been postponed in light of the announcement of a General Election on Thursday 4 July. Our 2024 Welfare trends report (WTR) will be published on 2 July. This biennial report will examine the drivers of spending on incapacity benefits. It will be released alongside the upcoming Fiscal risks and sustainability report. On 18…

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Supplementary forecast information on fuel duty receipts by vehicle type

Since the publication of our March 2024 Economic and fiscal outlook (EFO) we have received a request for further information on our forecast of fuel duty receipts by vehicle type. We have published this new supplementary forecast information below and on the March 2024 EFO page.

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Letters to John McDonnell MP and Sir Geoffrey Clifton-Brown MP

We have published two letters of correspondence on our website today. John McDonnell MP wrote to us on 7 March asking for clarification on the methodology used for the CGT changes announced at Budget and for an explanation of the different numbers presented in the OBR’s Economic and fiscal outlook and the Treasury’s Red Book….